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Some of the main ideas that Collins’ focuses on are the Level 5 leader, the Hedgehog Concept and the Culture of Discipline, which all fit together to transform a simply good business into one that has long lasting cumulative returns much higher than that of the market (8). These ideas are what form Collins’ model of management based on their application to planning, organizing, leadership and control, of which many have connection with the theories of previous authors such as Deming, Anderson, and Stack. Like some of these authors, Collins’ model is based on a transformation, however his transformation is not based on a fast acting catalyst, instead it focuses on finding the right product, understanding it, and then building momentum around it that will eventually take the company to the top...
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