The American College of Healthcare Executives announced today that Great by Choice: Uncertainty, Chaos, and Luck—Why Some Thrive Despite Them All, by School of Information professor Morten T. Hansen and bestselling author Jim Collins, will receive the 2013 James A. Hamilton Book of the Year Award.
The book asks, “Why do some companies thrive in uncertainty, even chaos, and others do not?” Based on nine years of research, buttressed by rigorous analysis, and infused with engaging stories, Collins and Hansen enumerate the principles for building a truly great enterprise in unpredictable, tumultuous, and fast-moving times. Great by Choice: Uncertainty, Chaos, and Luck — Why Some Thrive Despite Them All focuses not just on performance, but also on the type of unstable environments faced by leaders today.
With a team of more than twenty researchers, Collins and Hansen studied companies that rose to greatness—beating their industry indexes by a minimum of ten times over fifteen years—in environments characterized by big forces and rapid shifts that leaders could not predict or control. The research team then contrasted these “10X companies” to a carefully selected set of comparison companies that failed to achieve greatness in similarly extreme environments.
The American College of Healthcare Executives is an international professional society of more than 40,000 healthcare executives who lead hospitals, healthcare systems and other healthcare organizations. The award will be presented during ACHE’s 56th Congress on Healthcare Leadership in Chicago beginning March 11.