Those who build and perpetuate mediocrity…are motivated more by the fear of being left behind.
JAMES C. COLLINSThe 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.
More James C. Collins Quotes
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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.
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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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Companies that change best over time know first and foremost what should not change.
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The greatest leaders build organizations that, in the end, don’t need them.
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Level 5 leaders are differentiated from other levels of leaders in that they have a wonderful blend of personal humility combined with extraordinary professional will.
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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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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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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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Not one of the good-to-great companies focused obsessively on growth.
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If you have a charismatic cause you don’t need to be a charismatic leader.
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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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Those who build great companies understand that the ultimate throttle on growth for any great company is not markets, or technology, or competition, or products. It is one thing above all others: the ability to get and keep enough of the right people.
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Change your practices without abandoning your core values.
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By definition, it is not possible to everyone to be above the average.
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You absolutely must have the discipline not to hire until you find the right people.
JAMES C. COLLINS