Built to Last: Successful Habits of Visionary Companies

Interesting Facts

• The book is based on a six-year study of 18 companies recognized as outstanding and sustainable over decades.
• One of the key findings of the book is that great companies do not necessarily start with great ideas but often evolve through strong corporate culture and vision.
• The author highlights the concept of «core and progress», where successful companies maintain their core values and purposes while adapting and changing in response to external changes.
• The book emphasizes the importance of «Big Hairy Audacious Goals» (BHAGs) that motivate and guide the company towards a long-term perspective.
• The study showed that visionary companies often outperform their competitors and achieve better financial results over time.
• One example given in the book is Hewlett-Packard, which from the beginning was focused on innovation and quality, allowing it to become a leader in its industry.
• The book also examines the role of leaders in creating and maintaining the company's vision, emphasizing that successful leaders often focus on building a sustainable organization rather than personal fame.