{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Successful Barrister","title":"Ep. 5 - Is The Book Good to Great Still Relevant?","html":"","width":"100%","height":180,"duration":2091,"description":"Is Good to Great a relic of the past or the key to your future? In this episode, Marc and Diana discuss the classic book Good to Great by Jim Collins and examine the book’s relevance over twenty years after its publication. They consider arguments against the book, break down its key points, and explain how your firm could benefit from its principles. Dive into Good to Great’s best tips to move your business forward discover the importance of hiring the best of the best, and learn why you should care about hedgehogs. For detailed show notes, read below and use the timestamps to navigate the episode:[1:02] Is Good to Great by Jim Collins still relevant, or is it a relic? This episode discusses whether or not the classic book is still required reading for entrepreneurs. Some of the twelve companies that the 2001 book covered no longer exist, it does not use a large sample size. Another criticism is the fact that Collins only used public companies. [3:57] Marc’s thesis for this episode is that in spite of all of these criticisms, the book is still relevant – especially to small firms. This is because smaller companies and firms do not have the ability to absorb big mistakes. [6:28] The principles in Good to Great are extremely relevant to small businesses in general and law firms in particular. The most important principle of the book to law firms is to confront the facts. Many firms focus on their services and let their data take a back seat. [8:30] Legal service is a service business, meaning that firms are people businesses. Because of this, the people you have on your team are essential to success. [10:50] Marc and Diana delve into the nuts and bolts of Good to Great. Diana highlights the Stockdale Paradox. The paradox says that successful people maintain faith that they will prevail in the end while confronting the harshest realities in front of them.  [16:32] Growth is expensive. Marc Whitehead & Associates is spending on hiring, space, and new technologies....","thumbnail_url":"https://img.transistorcdn.com/Z3RXucwshxpw-Muy18ILlgR1sYl6tBEMs9ha8xpK1jA/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS82ZGY3/NWZkMWQ2MWMyODlk/OGYxYjY0ZjIwYmY1/YWU3Ni5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}