Tag: Built to last by Jim Collins
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What are the FOUR types of Big Hairy Audacious Goals?
Big Hairy Audacious Goals and their types Jim Collins mentions about Big hairy Audacious Goal in his book Built to Last as the pre-requisite to stimulate progress. Over the years iconic companies have set different kinds of Big Hairy Audacious Goals to carve a niche out for themselves. Illustrated below are the 4 different possibilities…
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How can a Big Hairy Audacious Goal stimulate progress?
Big Hairy Audacious Goals – Your recipe for progress Big Hairy Audacious Goal or BHAG is a term coined by Jim Collins in his best seller book Built to Last, that would also keep either an individual or organization setting such a goal on their toes, keep them honest and hence motivate them for eventual…
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Walmart’s Ledger Book is a masterclass for Continuous Improvement.
Walmart’s Ledger Book and the lesson it teaches us Jim Collins’s in his best seller Built to Last makes a mention of Walmart’s Ledger Book and how it continues to be a masterclass for Continuous Improvement. This teaches us to improve ourselves by the day without being bogged down by competition.
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The HUBRIS FACTOR of VISIONARY COMPANIES.
How Un-reasonability & progress go hand in hand? Visionary companies have utmost SELF CONFIDENCE and un-reasonability bordering around HUBRIS. It is this factor that makes them a class apart. Had this not been the case IBM, Boeing, Disney would never have been able to take risky bets that eventually paid off. Very nice insight that…
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Extending EVOLUTION of a TREE to VISIONARY COMPANIES.
How is Evolution in Visionary Company similar to a Tree? Jim Collins mentions about this fascinating insight in his best selling book Built to Last. Thus continuous experimentation & learning out of lessons learnt is the only way to progress. Visionary Companies time and time again bear ample testimony to the same. Thus if you…
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How did the EVOLUTIONARY TREE at 3M nurture INNOVATION?
How 3M nurtured Innovation? 3M’s Evolutionary tree illustrated in the snapshot below, helped encourage innovation by encouraging people to come up with new ideas. All the success related to Post-it notes and similar such products can be attributed to the Evolutionary Tree philosophy followed at 3M. Jim Collins mentions the same in his best selling…
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What makes the LEADERSHIP CONTINUITY LOOP so critical?
Leadership Continuity loop in Visionary Companies The ability to groom leaders from within the company and make them world leaders is what makes Visionary Companies stand apart. Very few of these companies hire leaders from outside since this can lead to erosion of the existing company culture. Jim Collins mentions about the same in his…
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What is the CORE IDEOLOGY of VISIONARY COMPANIES?
Demystifying the Core Ideology of Great Companies The insight has been adopted from Jim Collins’s best selling book Built to Last, illuminates us on the Core Ideology of all visionary companies. If you are in the process of building a company, nice food for thought.
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How can this 15 PERCENT RULE trigger CREATIVITY?
Know More About 3M’s 15 Percent Rule At 3M the 15 Percent Rule was crafted to allow creative juices to flow and this is the result as to why 3M is such an innovative workplace. Empower your employees and give them free time to exercise their creativity and see world changing results. Jim Collins makes…
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What makes the TRAINING at DISNEYLAND so special?
How is TRAINING imparted in DISNEYLAND? The new joiners in Disneyland are imparted training in a very special manner. The essence of role play in the training gives each new joiner a sense of responsibility. This in turn goes a long way in ensuring the high performance of these new joiners. Jim Collins makes a…