The main point is first get the right people on the bus (and wrong people off the bus) before you figure out where to drive it. The second key point is the degree of sheer rigor in people decisions in order to take a company from Good to Great.
JAMES C. COLLINSCreativity dies in an indisciplined environment.
More James C. Collins Quotes
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If you have a charismatic cause you don’t need to be a charismatic leader.
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An organization is not truly great, if it cannot be great without you.
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Creativity dies in an indisciplined environment.
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Those who build and perpetuate mediocrity…are motivated more by the fear of being left behind.
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Profit is like oxygen, food, water, and blood for the body; they are not the point of life, but without them, there is no life.
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The inner experience of fallure is totally different than failure. Going to fallure means 100% commitment – you leave nothing in reserve, no mental or physical resource untapped, you never give yourself a psychological out.
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Mediocrity results first and foremost from management failure, not technological failure.
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To have a Welch-caliber C.E.O. is impressive.To have a century of Welch-Caliber C.E.O.’s all grown from the inside – well, that is one key reason why G.E. is a visionary company.
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In 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.
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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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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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Companies that change best over time know first and foremost what should not change.
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A great company will have many once-in-a-liftetime opportunities.
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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 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.
JAMES C. COLLINS