Good to great - Launching Leaders - lesson 7 - private video notes Jim Ritchie - Launching leaders Co-founder

Good to great - Launching Leaders - lesson 7 - private video notes

Jim Ritchie - Launching leaders Co-founder

Book - Good to great by Jim Collins - it is an older book but it is a wise book and we should gather all the wisdom we can and we will discover in the process what we already learned that it will help us solve some current problems or concerns.  He promises that the Good to Great is such an adventure. His 1st chapter title gives us the secret of success of this book.

1. Good is the enemy of great - it's easy to be good most people are content with goodness and never discover the peace of knowing greatness. (evidence from this discovery comes from a study of 14 hundred  wall street companies. Only 11 had at some point experienced a major turning point in their history. They sustained double digit probability over their competition for a continuous period of time and had gone from being a good company to a great one. Jim Collins asks the obvious question "How did it happen?"
1. The fact that a certain type of leader ran each of those 11 companies during this extended period of greatness. They identified him/her as a level 5 leader and described them as a self- effacing, humble, but passionately driven person. Ponder that definition as it gives you a glimpse of what you might want to see in the mirror as you launch yourself upon the world.
2. Get the right people on the bus - and the decide where to use them. They didn't waste time with people who obviously were not winners in their personalities and ambitions.
3. They discovered to become a great company you had to possess the three following characteristics:
• Leaders who were like minded in each of those essential mindsets and beliefs.
1. Great product - had to be product that had economic or spiritual value. The service you provide has to be loved, appreciated of worldly of an economic reward.
2. Believe you're the best - you have to believe in yourself.
3. Passion for your product/idea/service - the product must be the best and have great passion.

If all of these elements are in your characteristic your company can be a great company, career, or service.

If any one of these three are missing you will be limited by definition of being good but never great. When you have those three elements of greatness come together, you're eligible to establish the "big hairy audacious goal"  if you continue being a level 5 leader, put the right people on the bus, have a product with economic value, believe in it and believe in yourself and have a deep drive of passion for what you are about to do then you have every reason to believe your "big hairy audacious goal" will come to pass and you will move from the state of mediocracy to greatness. He (Ritchie) guarantees it.  Lose any of those elements and you are toast as to greatness.

He has experience greatness a few times along his path.

4. Trip to Scotland - entered a limbering stuttering young man and came home with the formula for success emblazoned on his sole and focused on living by it . He found it has worked wonders in every aspect of his life.
5. Ritchie enterprises my founding company began with zero cash and in 11 years we retired financially independent it was scores of thriving companies under our control and management.
6. A youth program, in 1 year we moved the youth program from the bottom with only 1 participant to 61 out of 62 in year two. 3% to 97% - they call themselves the biggest and the best and he did too.
7. An old farm house in Morepark California  was a scene where we witnessed a miracle, a program began with only 2 students and by the end of the 1st year we had over 350 enrolled and it was the biggest program of it's kind.
8. We witnessed 747people attend an incredible experience which represented 97% of the adult potential. A record 35 years later this still holds
9. He was a player in watching a small line management company grow from the garage to a billion $ best in the world company in just 5 years.

Those are some of the great experiences of his life where he has experienced good to great

We were not sent to this earth to be mediocre player but we have the responsibility even to learn the lessons of greatness and then use them to take ourselves to higher ground. He's grateful that Jim Collins in this study became one of his friends as well as Og Danmino, Victor Frankle, George Glasson, Dale Caringly,   Steve Covey, Hyrum Smith, David Hade, and so many more. He's glad he was quick to observe and to get up early and work hard and turn those observations into oil for which he made his mark and prepared to serve. It's been a great ride and it ain't over yet.