"Good to Great: Why Some Companies Make the Leap... and Others Don't", a book by Jim Collins.
This book has been my first experience with audio books. I am a reader rather than a listener but this was a positive experience. The book was recommended by a participant in a past session of my course on ICTs for Development. It has very little to do with ICTs for Development, barely touches on technology and doesn't address development issues at all. Rather, it is about great companies and how they got to become great. I was wondering how any of it was going to relate to my one-person company but here it is:
The Flywheel Concept
In the book, Jim Collins argues that great companies spend time and energy defining their core purpose and ideology and then follow a steady course, relentlessly pursuing what needs to be done and never questioning that core purpose once it is set. The success of great companies is not characterized by breakthroughs but rather by continuous improvement and sustained momentum.
While I would not in any way want to suggest that my company is anywhere near great or even a good company, I understand the concept of the flywheel better than many of the other concepts introduced in the book.
Some other ideas from the book that made the point for me:
- Greatness doesn't depend on the size of the company.
- Not settling for mediocrity
- Meaningful work
One direct lesson from this book for me is to find the confidence to say "no" to contracts that come my way but either should really be done by someone else with the required skills and experience or simply do not fit squarely with K4D's core purpose. Those types of contracts may be necessary to pay the bills but they do not help build the momentum of the flywheel. Instead, they result in time and energy spent on things that do not contribute to the flywheel's momentum and may even slow it down.
I think I'll be ready for K4D's breakthrough by the time my kids are in college. By then, I will hopefully have gained a good (sorry, great!) understanding of what it is that K4D is meant to do and how to become a great company!:)
Thank you Skip for recommending the book!