Word: leape
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Dates: during 2000-2009
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...Faculty measured 676 at the beginning of the year, a leap beyond last year’s 656 and the previous year’s 636. This rate of growth makes Kirby confident that the Faculty will soon outstrip older growth goals...
...Great, a member of my research team spent 10 weeks focusing on a single question: What role do big mergers and acquisitions play in creating exceptional results? He uncovered a striking fact: not a single company that qualified as having made a sustained transformation in our study ignited its leap with a big acquisition or merger...
Moreover, comparison companies--those that failed to make a leap or, if they did, failed to sustain it--often tried to make themselves great with a big, hairy audacious merger or acquisition. It never worked. They failed to grasp the simple truth that while you can buy your way to growth, you cannot buy your way to greatness. Two big mediocrities joined together never make one great company...
...ultimate success of the Kmart-Sears merger will depend in large part on whether Kmart has already made a leap to greatness before the merger and, equally, whether acquiring Sears meets these three tests. While I am not an expert on Kmart, its recent exceptional results indicate that it might be a sustained good-to-great case in the making. Yet at the same time, we should be mindful of the lessons of history. No single step, no matter how big, can by itself make a company great...
...Collins is author of Good to Great: Why Some Companies Make the Leap ... and Others Don't. He operates a management research laboratory in Boulder, Colo...