The only mistakes you can learn from are the ones you survive.
JAMES C. COLLINSTo 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.
More James C. Collins Quotes
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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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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.
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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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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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You absolutely must have the discipline not to hire until you find the right people.
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Those who build and perpetuate mediocrity…are motivated more by the fear of being left behind.
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Companies that change best over time know first and foremost what should not change.
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Everytime you think of it, the idea in your head seems to get more vivid, filled in with more detail:
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In a world of constant change, the fundamentals are more important than ever.
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There is a sense of exhilaration that comes from facing head-on the hard truths and saying, “We will never give up. We will never capitulate. It might take a long time, but we will find a way to prevail.”
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I can just let my curiosity wander unleashed.
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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 purpose of bureaucracy is to compensate for incompetence and lack of discipline.
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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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I’ve never found an important decision made by a great organization that was made at a point of unanimity.
JAMES C. COLLINS