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.
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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Mediocrity results first and foremost from management failure, not technological failure.
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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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If you have a charismatic cause you don’t need to be a charismatic leader.
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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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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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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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Throw leaders into an extreme environment, and it will separate the stark differences between greatness and mediocrity.
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The challenge is not just to build a company that can endure; but to build one that is worthy of enduring.
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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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We are not imprisoned by circumstances, setbacks, mistakes or staggering defeats, we are freed by our choices.
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I’ve never found an important decision made by a great organization that was made at a point of unanimity.
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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.
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By definition, it is not possible to everyone to be above the 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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If you have more than three priorities then you don’t have any.
JAMES C. COLLINS