Not every financial company toppled during the 2008 crisis, and some seized the opportunity to take advantage of weaker competitors in the midst of the tumult.
JAMES C. COLLINSThe only way to make any company visionary is through a long-term commitment to an eternal process of building the organization to preserve the core and stimulate progress.
More James C. Collins Quotes
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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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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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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 only acceptable goals are measurable,” but that’s actually an undisciplined statement. Lots of goals-beauty, quality, life change, love-are worthy but not quantifiable. But you do have to be able to tell if you’re making progress.
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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 question, Why try for greatness? would seem almost tautological. If you’re doing something you care that much about, and you believe in its purpose deeply enough, then it is impossible to imagine not trying to make it great. It’s just a given.
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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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Those who turn good organizations into great organizations are motivated by a deep creative urge and an inner compulsion for sheer unadulterated excellence for its own sake.
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The purpose of bureaucracy is to compensate for incompetence and lack of discipline.
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The only mistakes you can learn from are the ones you survive.
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Creativity dies in an indisciplined environment.
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Those who build and perpetuate mediocrity…are motivated more by the fear of being left behind.
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Great companies foster a productive tension between continuity and change.
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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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Everytime you think of it, the idea in your head seems to get more vivid, filled in with more detail:
JAMES C. COLLINS