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Since Jim Collins (Built to Last, Good to Great) has come up a few times here, just thought I'd mention that Fannie Mae is one of his "Good to Great" companies.
by ojbyrne 18y ago
Since Jim Collins (Built to Last, Good to Great) has come up a few times here, just thought I'd mention that Fannie Mae is one of his "Good to Great" companies.
- steveplace 18y agoFreakonomics author Steve Levitt noted this: http://freakonomics.blogs.nytimes.com/2008/07/28/from-good-to-great-to-below-average/ http://freakonomics.blogs.nytimes.com/2008/07/28/from-good-t...
- esja 18y agoIn Search of Excellence (the classic of this genre) had the same problem. Being profiled in a pop-business book should be considered a huge red flag.
- jlhamilton 18y agoThe Halo Effect, by Phil Rosenzweig, does a good job describing many of the problems with popular business books like Good to Great and In Search of Excellence. It's worth reading. http://www.amazon.com/Halo-Effect-Business-Delusions-Managers/dp/0743291255 http://www.amazon.com/Halo-Effect-Business-Delusions-Manager...
- lallysingh 18y agoI'm suspicious because it sounds like a popular business book.
- gruseom 18y agoHas the leadership of Fannie Mae changed since Collins did his analysis? If it has, then this might not be a counterexample. I don't think he said that companies can't go from good to great to suckage. If the people leading the company are the same, though, then it would seem to contradict his theory, which (as I recall) places the greatest emphasis on that factor.