
So what does it take to make the grade?
In an article by Jim Collins on Fastcompany.com, he says, "A company had to generate cumulative stock returns that exceeded the general stock market by at least three times over 15 years -- and it had to be a leap independent of its industry. In fact, the 11 good-to-great companies that we found averaged returns 6.9 times greater than the market's -- more than twice the performance rate of General Electric under the legendary Jack Welch." These companies had to do well year after year before they could call themselves great, but Collins offers a very different view of just how to become great. He says"
"I want you to forget everything you've ever learned about what it takes to create great results. I want you to realize that nearly all operating prescriptions for creating large-scale corporate change are nothing but myths."
Collins goes on to say what allows a company to make the leap from good to great is not a radical program, bonus incentives for compliance to change, or fear-based tactics. What does work is having "a down-to-earth, pragmatic, committed-to-excellence process -- a framework -- [to keep] each company, its leaders, and its people on track for the long haul." He makes the point that employees don't need to be motivated; they are self-motivated. Additionally, these companies don't buy into starting a big revolution of change in order to build business, as this almost always fails.
I think his points are valid for success in any occupation; people need to be self-motivated and working toward a common goal. Also, the idea that there is no over-night miracle is a good lesson for anything in life because the easy way out eventually tends to backfire, even if it is years down the line.
So who are these great companies, a few include:
1. Abbott Laboratories
2. Fannie Mae (ironic now)
3. Kimberly Clark
4. Nucor Corp.
5. Wells Fargo (also ironic)
6. Kroger
7. Gillette
8. Walgreens





