You must maintain unwavering faith that you can and will prevail in the end, regardless of the difficulties, AND at the same time, have the discipline to confront the most brutal facts of your current reality, whatever they might be.
JAMES C. COLLINSGenius 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.
More James C. Collins Quotes
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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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If you have a charismatic cause you don’t need to be a charismatic leader.
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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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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 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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If I were running a company today, I would have one priority above all others: to acquire as many of the best people as I could. I’d put off everything else to fill my bus. Because things are going to come back. My flywheel is going to start to turn.
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Throw leaders into an extreme environment, and it will separate the stark differences between greatness and mediocrity.
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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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You absolutely must have the discipline not to hire until you find the right people.
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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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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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Change your practices without abandoning your core values.
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People are not your most important asset….the right people are.
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Not every financial company toppled during the 2008 crisis, and some seized the opportunity to take advantage of weaker competitors in the midst of the tumult.
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A visionary company doesn’t simply balance between idealism and profitability: it seeks to be highly idealistic and highly profitable.
JAMES C. COLLINS