The moment you feel the need to tightly manage someone, you’ve made a hiring mistake. The best people don’t need to be managed. Guided, taught, led-yes. But not tightly managed.
JAMES C. COLLINSI am completely Socratic.
More James C. Collins Quotes
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The purpose of bureaucracy is to compensate for incompetence and lack of discipline.
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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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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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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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Bad decisions made with good intentions, are still bad decisions.
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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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Mediocrity results first and foremost from management failure, not technological failure.
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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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Companies that change best over time know first and foremost what should not change.
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I can just let my curiosity wander unleashed.
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Change your practices without abandoning your core values.
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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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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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A visionary company doesn’t simply balance between idealism and profitability: it seeks to be highly idealistic and highly profitable.
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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.
JAMES C. COLLINS