Key Points from Book: Good to Great and the Social Sectors

In business, money is both an input (resource for achieving greatness) and an output ( a measure of greatness). In the social sectors, money is only an input, and not a measure of greatness

Greatness is defined by three factors:
Superior performance
Distinctive impact
Lasting endurance

It doesn’t really matter whether you can quantify your results. What matters is that you rigorously assemble evidence to track your progress

Input of greatness:
Discipline people, thought, action, and building greatness to last

There’s two leadership types, executive and legislative. The latter works better in social sectors

True leadership only exists if people follow when they have the freedom not to

Have people who had passion in the field to work with you. Money is not more important than self actualization

Producing the best long term result:
What you are deeply passionate about
What you can be the best in the world at
What best drives your economic engine (time, money, brand)

Success breeds support and commitment, which breeds even greater success, which breeds more support and commitment- round and around the flywheel goes. People like to supoort winners!

Have the discipline to stop doing what does not fit

Greatness is not a function of circumstance. Greatness, it turns out, is largely a matter of concious choice, and discipline

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About agent909

Kevin is a research analyst at a macro research firm and a private fund manager since 2012. He holds a Master of Management in Finance degree from McGill University and has passed all levels of CFA and FRM exam. Kevin is an avid traveler and photographer, with a record of 33 countries visited in 2016. He is a freelance contributor at Getty Image and is running two website in his spare time, journeyman.live and putamencapital.wordpress.com
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