Companies that change best over time know first and foremost what should not change.
JAMES C. COLLINSCreative leadership impact increases in your 50’s. When I turn 50 I want to say, “Nice start!”
More James C. Collins Quotes
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A visionary company doesn’t simply balance between idealism and profitability: it seeks to be highly idealistic and highly profitable.
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The secret to a successful retirement is to find your retirement sweet spot. The sweet spot is where your passions, what you do best, and what people will pay you to do overlap.
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It’s what you do before you are in trouble, so that you can be strong when people most need you.
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The greatest leaders build organizations that, in the end, don’t need them.
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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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Bad decisions made with good intentions, are still bad decisions.
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In an ironic twist, I now see Good to Great not as a sequel to Built to Last, but more of a prequel. Good to Great is about how to turn a good organization into one that produces sustained great results.
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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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Discipline is consistency of action.
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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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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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Mediocrity results first and foremost from management failure, not technological failure.
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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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Our findings do not represent a quick fix, or the next fashion statement in a long string of management fads, or the next buzzword of the day, or a new ‘program’ to introduce. No!
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Change your practices without abandoning your core values.
JAMES C. COLLINS