Jim Collins: “In Times Like These…” Part I

By bizsuccesswithless

Jim Collins is the author of Good to Great and Built to Last. He is a guru of how companies have been and can be successful.  Here are some relevant-for-entrepreneurs-and-business-owners quotes from his article in Inc. Magazine, April 2009: “In Times Like These, You Get a Chance to Show Your Strength.”

We realized that being an entrepreneur is a choice. It’s not about temperament or personality.  It’s about action!

It is only in times like these that you get a chance to show your strength. In the end I think we have to have absolute faith in our ability to deal with whatever is thrown at us.  And we need to have a complete, realistic paranoia that a lot can be thrown at us.  We need to be prepared for what we can’t predict and, at the same time, have this total unwavering faith that we will find a way to deal with all of it.

Think about the leading entrepreneurs of the past three decades: Steve Jobs, Yvon Chouinard,…  They defined success on a very big scale. For Steve Jobs, it was about much more than selling computers.  For Yvon Chouniard, more than clothing. …  (It is about) transforming society.

The most important decisions are always WHO decisions… Who comes first and WHAT comes second, for a very simple reason:  If you cannot predict the WHAT, you have to be able to do a good job with the WHO, because the WHAT is going to be constantly shifting.

Do you have a culture of people who:

  • Share a set of values?
  • Have very clear responsibilities?
  • and Perform?

Those who build a culture around those ideas are building on something that is largely unchangeable.

(Part II next post in two weeks.)

Dick McCormick     www.BizSuccessWithLess.com

See also: www.PeakPlanningSpecialist.com

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