A visionary company doesn’t simply balance between idealism and profitability: it seeks to be highly idealistic and highly profitable.
JAMES C. COLLINSWhether you prevail or fail depends more on what you do to yourself than on what the world does to you.
More James C. Collins Quotes
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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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I am completely Socratic.
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In an ironic twist, I now see Good to Great not as a sequel to Built to Last, but more of a prequel. Good to Great is about how to turn a good organization into one that produces sustained great results.
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Everytime you think of it, the idea in your head seems to get more vivid, filled in with more detail:
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Companies that change best over time know first and foremost what should not change.
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In a world of constant change, the fundamentals are more important than ever.
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Bad decisions made with good intentions, are still bad decisions.
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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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Not one of the good-to-great companies focused obsessively on growth.
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The 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.
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We are not imprisoned by circumstances, setbacks, mistakes or staggering defeats, we are freed by our choices.
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Not all time in life is equal. How many opportunities do you get to talk about what your life is going to add up to with people thinking about the same question?
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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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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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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.
JAMES C. COLLINS