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.
JAMES C. COLLINSBy definition, it is not possible to everyone to be above the average.
More James C. Collins Quotes
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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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Bad decisions made with good intentions, are still bad decisions.
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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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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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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 only way to deliver to the people who are achieving is to not burden them with the people who are not achieving.
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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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If you have more than three priorities then you don’t have any.
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Not all time in life is equal. How many opportunities do you get to talk about what your life is going to add up to with people thinking about the same question?
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The best CEOs in our research display tremendous ambition for their company combined with the stoic will to do whatever it takes, no matter how brutal (within the bounds of the company’s core values), to make the company great.
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Great companies foster a productive tension between continuity and change.
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Those who build and perpetuate mediocrity…are motivated more by the fear of being left behind.
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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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You absolutely must have the discipline not to hire until you find the right people.
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I can just let my curiosity wander unleashed.
JAMES C. COLLINS