The purpose of bureaucracy is to compensate for incompetence and lack of discipline.
JAMES C. COLLINSIn an ironic twist, I now see Good to Great not as a sequel to Built to Last, but more of a prequel. Good to Great is about how to turn a good organization into one that produces sustained great results.
More James C. Collins Quotes
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It’s what you do before you are in trouble, so that you can be strong when people most need you.
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In a truly great company profits and cash flow become like blood and water to a healthy body: They are absolutely essential for life but they are not the very point of life
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The moment you feel the need to tightly manage someone, you’ve made a hiring mistake. The best people don’t need to be managed. Guided, taught, led-yes. But not tightly managed.
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The challenge is not just to build a company that can endure; but to build one that is worthy of enduring.
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A visionary company doesn’t simply balance between preserving a tightly held core ideology and stimulating vigorous change and movement; it does both to an extreme.
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If you have more than three priorities then you don’t have any.
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Get involved in something that you care so much about that you want to make it the greatest it can possibly be, not because of what you will get, but just because it can be done.
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Those who build great companies understand that the ultimate throttle on growth for any great company is not markets, or technology, or competition, or products. It is one thing above all others: the ability to get and keep enough of the right people.
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People are not your most important asset….the right people are.
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You absolutely must have the discipline not to hire until you find the right people.
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The secret to a successful retirement is to find your retirement sweet spot. The sweet spot is where your passions, what you do best, and what people will pay you to do overlap.
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Built to Last is about how you take a company with great results and turn it into an enduring great company of iconic stature.
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A visionary company doesn’t simply balance between idealism and profitability: it seeks to be highly idealistic and highly profitable.
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The only way to make any company visionary is through a long-term commitment to an eternal process of building the organization to preserve the core and stimulate progress.
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Mediocrity results first and foremost from management failure, not technological failure.
JAMES C. COLLINS







