Great companies foster a productive tension between continuity and change.
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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A visionary company doesn’t simply balance between idealism and profitability: it seeks to be highly idealistic and highly profitable.
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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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I’ve never found an important decision made by a great organization that was made at a point of unanimity.
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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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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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Discipline is consistency of action.
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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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Whether you prevail or fail depends more on what you do to yourself than on what the world does to you.
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A great company will have many once-in-a-liftetime opportunities.
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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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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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If you have more than three priorities then you don’t have any.
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Bad decisions made with good intentions, are still bad decisions.
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It may seem odd to talk about something as soft and fuzzy as “passion” as an integral part of a strategic framework. But throughout the good-to-great companies, passion became a key part of the Hedgehog Concept.
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You absolutely must have the discipline not to hire until you find the right people.
JAMES C. COLLINS