Built to Last: Successful Habits of Visionary Companies

Implementation Notes

• Create a core ideology for the company. Define the core values and purposes that will guide all actions and decisions of the company. These values should be unchanging and serve as the foundation for long-term success.
• Formulate bold and ambitious goals (BHAG - Big Hairy Audacious Goals). These goals should be inspiring and motivating to drive employees to achieve outstanding results.
• Preserve the core ideology but stimulate progress. It is important to stay true to core values while being ready for change and innovation to remain competitive.
• Create a culture of discipline. Implement a system that encourages accountability and high standards of task execution. This will help maintain a high level of efficiency and quality of work.
• Use the mechanism of «trial and error». Experiment with new ideas and approaches to find the most effective solutions and strategies. Do not fear failures, as they are part of the learning and growth process.
• Develop leaders from within. Focus on developing and promoting talent within the company to ensure continuity and preservation of corporate culture.
• Create a feedback mechanism. Regularly collect and analyze feedback from employees and customers to identify weaknesses and opportunities for improvement.
• Invest in employee training and development. Ensure continuous professional development and training so employees can adapt to changes and contribute to the company's success.
• Focus on the long-term perspective. Make decisions based on long-term goals and strategies rather than short-term gains. This will help create a sustainable and successful company.