Accounting Master Degree : Company Information

Accounting Master Degree : Company Information

Good to Great: Why Some Companies Make the Leap... and Others Don't

Good to Great: Why Some Companies Make the Leap... and Others Don't The Challenge
Built to Last, the defining management study of the nineties, showed how great companies triumph over time and how long-term sustained performance can be engineered into the DNA of an enterprise from the verybeginning.

But what about the company that is not born with great DNA? How can good companies, mediocre companies, even bad companies achieve enduring greatness?

The Study
For years, this question preyed on the mind of Jim Collins. Are there companies that defy gravity and convert long-term mediocrity or worse into long-term superiority? And if so, what are the universal distinguishing characteristics that cause a company to go from good to great?

The Standards
Using tough benchmarks, Collins and his research team identified a set of elite companies that made the leap to great results and sustained those results for at least fifteen years. How great? After the leap, the good-to-great companies generated cumulative stock returns that beat the general stock market by an average of seven times in fifteen years, better than twice the results delivered by a composite index of the world's greatest companies, including Coca-Cola, Intel, General Electric, and Merck.

The Comparisons
The research team contrasted the good-to-great companies with a carefully selected set of comparison companies that failed to make the leap from good to great. What was different? Why did one set of companies become truly great performers while the other set remained only good?

Over five years, the team analyzed the histories of all twenty-eight companies in the study. After sifting through mountains of data and thousands of pages of interviews, Collins and his crew discovered the key determinants of greatness -- why some companies make the leap and others don't.

The Findings
The findings of the Good to Great study will surprise many readers and shed light on virtually every area of management strategy and practice. The findings include:

  • Level 5 Leaders: The research team was shocked to discover the type of leadership required to achieve greatness.
  • The Hedgehog Concept (Simplicity within the Three Circles): To go from good to great requires transcending the curse of competence.
  • A Culture of Discipline: When you combine a culture of discipline with an ethic of entrepreneurship, you get the magical alchemy of great results. Technology Accelerators: Good-to-great companies think differently about the role of technology.
  • The Flywheel and the Doom Loop: Those who launch radical change programs and wrenching restructurings will almost certainly fail to make the leap.

“Some of the key concepts discerned in the study,” comments Jim Collins, "fly in the face of our modern business culture and will, quite frankly, upset some people.”

Perhaps, but who can afford to ignore these findings?

Exceeding Customer Expectations: What Enterprise, America's #1 car rental company, can teach you about creating lifetime customers

Exceeding Customer Expectations: What Enterprise, America's #1 car rental company, can teach you about creating lifetime customers What’s the secret to wowing your customers while maintaining a loyal and dedicated workforce? No one knows better than Enterprise, the nation’s #1 car rental company. Drawing upon the time-tested strategies that have propelled Enterprise from a single location in St. Louis into a $9 billion global powerhouse, EXCEEDING CUSTOMER EXPECTATIONS reveals how to:

• Actively seek out unsatisfied customers and quickly turn them into loyal fans
• Hire smart people and train them from the ground up
•Develop methods to reduce costs and add value for your customers in every interaction.
• Grow your business by rewarding employees with financial incentives, forming strong partnerships, and focusing on the long-term
• Thrive during tough economic times by bringing new advantages to the market
• Cultivate a fun and friendly workplace where teamwork rules

In EXCEEDING CUSTOMER EXPECTATIONS, noted business author Kirk Kazanjian reveals how your company can consistently outperform and outsmart the competition by following a simple philosophy espoused by Enterprise founder Jack Taylor: “Take care of your customers and employees first, and the profits will follow.” Winning customer loyalty is like running a marathon–not a 100-yard dash. By mastering this principle, Enterprise has earned not only record profits, but also received numerous awards for customer service and earned an enviable reputation as one of the world’s best companies to work for.

EXCEEDING CUSTOMER EXPECTATIONS imparts timeless lessons on satisfying both customers and employees that you can put to use right away, no matter what your business or industry.

Additional Accounting Master Degree : Company Resources:

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Update
How to Choose an Auto Insurance Company

In today's world, it seems that almost any topic is open for debate. While I was gathering facts for this article, I was quite surprised to find some of the issues I thought were settled are actually still being openly discussed.

Choosing an auto insurance company, should consist of a lot of thought and planning. Most people may feel that all insurance companies are equal – they are not. Make sure you do your homework on the types of policies each company offers, the prices for each type of coverage, and how quickly they reimburse claims among other important factors. Here are some of the basics to keep in mind when choosing an auto insurance company.

Not all insurance companies operate in all areas. You might have family members or friends that are very happy with their insurance, however if they live in a different state or even in some cases a different city or town, policies and prices can change. It is also important to note that auto insurance companies must be licensed to operate in a specific state; many insurance companies might not be available depending on where you reside.

I trust that what you've read so far has been informative. The following section should go a long way toward clearing up any uncertainty that may remain.

The price that you pay for auto insurance is an extremely important factor for many motorists, especially when the same type of insurance can cost hundreds or thousands of dollars more or less depending on the insurer. Make sure you do your homework and figure out which insurance companies are competitive in pricing structure.

Service is another extremely important factor that should be considered. If you find yourself in a collision or have been injured by a motorist, you want to know that your insurance company will help you out immediately and have resources on hand to help you on your way, either by helping you with medical emergencies or to get you safely home, by renting you a vehicle to drive home. If you have questions, you should be able to reach your agent with a phone call or other means and have your questions answered in a timely manner.

Comfort and peace of mind are also important factors in choosing an auto insurance company. If you don’t feel comfortable with a representative or the business practices of an insurance company, choose to go elsewhere. Most areas in the US are extremely competitive when it comes to auto insurance. It should be noted that many customers that are satisfied with their insurance agents and company become life long customers. One other consideration to make when choosing an auto insurance company is to make sure that the company you do business with is financially soluble. You do not want to depend on a company that might not be around in the next few months.

The day will come when you can use something you read about here to have a beneficial impact. Then you'll be glad you took the time to learn more about auto insurance company.


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