Summary
Key Insights from "Built to Last" by Jim Collins
- Be a clock builder, not a time teller: The book emphasizes on building a company that can survive beyond its founders, analogous to building a clock rather than just telling the time.
- Embrace the 'Genius of the AND': Successful companies do not compromise between stability and progress, they embrace both.
- Preserve the core/stimulate progress: The most successful companies maintain their core values but are willing to change their strategies depending on the situation.
- Have a BHAG (Big Hairy Audacious Goal): This concept encourages companies to set bold and daunting goals...
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