Built to Last: Successful Habits of Visionary Companies

Key Concepts and Strategies

The main concepts and strategies outlined in «Built to Last: Successful Habits of Visionary Companies» by Jim Collins include:
1.The principle of «Preserve the Core, Stimulate Progress»: successful companies maintain their core values and purposes while encouraging innovation and adaptation to change.
2.Cultures based on ideology: visionary companies create strong corporate cultures that support their core values and mission.
3.Mechanisms to preserve the core: using various mechanisms such as rituals, traditions, and symbols to preserve and convey core values and purposes.
4.Long-term orientation: visionary companies focus on long-term success rather than short-term results.
5.The principle of «First Who, Then What»: finding the right people is more important than immediately determining the strategy.
6.The principle of «Dual Cycle»: successful companies work on maintaining stability while stimulating change.
7.The principle of «Big Hairy Audacious Goals»: visionary companies set ambitious goals that inspire and motivate employees.
8.The principle of «Genetic Code»: successful companies pass on their core values and purposes through generations of employees, creating a sustainable organizational culture.