Mediocrity results first and foremost from management failure, not technological failure.
JAMES C. COLLINSThe main point is first get the right people on the bus (and wrong people off the bus) before you figure out where to drive it. The second key point is the degree of sheer rigor in people decisions in order to take a company from Good to Great.
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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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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I am completely Socratic.
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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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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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You not only want to win a gold medal at the Olympics, you not only can see yourself standing there on the podium, but you can also feel the goose bumps as your national anthem is played; the tears are in your eyes. (That’s how real a dream can be and should be)
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Those who build and perpetuate mediocrity…are motivated more by the fear of being left behind.
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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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Creativity dies in an indisciplined environment.
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Change your practices without abandoning your core values.
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Bad decisions made with good intentions, are still bad decisions.
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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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Discipline is consistency of action.
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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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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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