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.
JAMES C. COLLINSIf I’m going really, really fast, I can do a page of finished text a day, on average.
More James C. Collins Quotes
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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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The only way to deliver to the people who are achieving is to not burden them with the people who are not achieving.
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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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You absolutely must have the discipline not to hire until you find the right people.
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First figure out your partners, then figure out what ideas to pursue. The most important thing isn’t the market you target, the product you develop or the financing, but the founding team.
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Those who build and perpetuate mediocrity…are motivated more by the fear of being left behind.
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Creative leadership impact increases in your 50’s. When I turn 50 I want to say, “Nice start!”
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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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If I were running a company today, I would have one priority above all others: to acquire as many of the best people as I could. I’d put off everything else to fill my bus. Because things are going to come back. My flywheel is going to start to turn.
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If you have more than three priorities then you don’t have any.
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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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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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Built to Last is about how you take a company with great results and turn it into an enduring great company of iconic stature.
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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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In a world of constant change, the fundamentals are more important than ever.
JAMES C. COLLINS