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
JAMES C. COLLINSOur findings do not represent a quick fix, or the next fashion statement in a long string of management fads, or the next buzzword of the day, or a new ‘program’ to introduce. No!
More James C. Collins Quotes
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You not only want to win a gold medal at the Olympics, you not only can see yourself standing there on the podium, but you can also feel the goose bumps as your national anthem is played; the tears are in your eyes. (That’s how real a dream can be and should be)
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If I’m going really, really fast, I can do a page of finished text a day, on average.
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Those who build and perpetuate mediocrity…are motivated more by the fear of being left behind.
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I’ve never found an important decision made by a great organization that was made at a point of unanimity.
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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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In a world of constant change, the fundamentals are more important than ever.
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We are not imprisoned by circumstances, setbacks, mistakes or staggering defeats, we are freed by our choices.
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Significant decisions carry risks and inevitably some will oppose it. In these settings, the great legislative leader must be artful in handling uncomfortable decisions, and this requires rigor.
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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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Whether you prevail or fail depends more on what you do to yourself than on what the world does to you.
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First figure out your partners, then figure out what ideas to pursue. The most important thing isn’t the market you target, the product you develop or the financing, but the founding team.
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Genius of AND. Embrace both extremes on a number of dimensions at the same time. Instead of choosing a OR B, figure out how to have A AND B-purpose AND profit, continuity AND change, freedom AND responsibility, etc.
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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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Level 5 leaders are fanatically driven, infected with an incurable need to produce sustained results. They are resolved to do whatever it takes to make the company great, no matter how big or hard the decisions.
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An organization is not truly great, if it cannot be great without you.
JAMES C. COLLINS