Great companies foster a productive tension between continuity and change.
JAMES C. COLLINSWe are not imprisoned by circumstances, setbacks, mistakes or staggering defeats, we are freed by our choices.
More James C. Collins Quotes
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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 mistakes you can learn from are the ones you survive.
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Consider the idea that charisma can be as much a liability as an asset. Your strength of personality can sow the seeds of problems, when people filter the brutal facts from you.
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In a world of constant change, the fundamentals are more important than ever.
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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 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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No matter what. Wherever your mind wanders, it seems to turn up at the same Field of Dreams. It’s the vision you wake up with in the morning, and it’s the last thing you picture before you fall asleep.
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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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If you have more than three priorities then you don’t have any.
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Those who build and perpetuate mediocrity…are motivated more by the fear of being left behind.
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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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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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We learned that a former prisoner of war had more to teach us about what it takes to find a path to greatness than most books on corporate strategy.
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Change your practices without abandoning your core values.
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Mediocrity results first and foremost from management failure, not technological failure.
JAMES C. COLLINS