A great company will have many once-in-a-liftetime opportunities.
JAMES C. COLLINSMediocrity results first and foremost from management failure, not technological failure.
More James C. Collins Quotes
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It may seem odd to talk about something as soft and fuzzy as “passion” as an integral part of a strategic framework. But throughout the good-to-great companies, passion became a key part of the Hedgehog Concept.
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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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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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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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Level 5 leaders are differentiated from other levels of leaders in that they have a wonderful blend of personal humility combined with extraordinary professional will.
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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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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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Yet at the same time they display a remarkable humility about themselves, ascribing much of their own success to luck, discipline and preparation rather than personal genius.
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If you have more than three priorities then you don’t have any.
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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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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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By definition, it is not possible to everyone to be above the average.
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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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If you have a charismatic cause you don’t need to be a charismatic leader.
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I’ve never found an important decision made by a great organization that was made at a point of unanimity.
JAMES C. COLLINS







