I loved this fictional account of positioning a company to sell. Depicting the emotions and reluctance to make hard decisions, the pushback you get from employees, and how to ease the transition. Brilliant.

Another great book in the Collins series. I've listened to Good to Great: Why Some Companies Make the Leap... and Others Don't, Great by Choice: Uncertainty, Chaos, and Luck—Why Some Thrive Despite Them All and How The Mighty Fall: And Why Some Companies Never Give In before. This book repeats some of the concepts and adds some new ones.
It is as well-researched and engaging to listen to as the others.

Could’ve been summarized into one sentence: companies with lived values are more successful than companies which aren’t value driven

Couldnt put this one down. Rare for a non-fiction book. Lots of fascinating stories with relevance to modern times and business leaders. Very well researched

One of the most valuable books I've read on how to build a company that will change the world. The book is loaded with research, hard evidence to support the claims and with great stories. Collins really nailed it with this one, the content debunks a lot of the myths established by business schools, general public and media. I strongly urge you to read this book, even if you aren't planning to start a company. It will teach you many great lessons which will help you to achieve more success in life.

The main concepts are great but it is dated and there is a lot of repetition.

My notes:
Timeless principles
Resiliency
Built to outlast and to change
Built so if you were to leave, there would be a hole that could not be filled.
Relentlessly creative drive
Enduring impact
*
Clock building. Not time telling
The built to last companies didn’t have a great idea to start but rather was looking for opportunity and struggled compared to their counterfactual company
*
We need a great company to build great products
We need a great system to make a great company. Not the other way around.
*
Core ideology that guides behavior to that ideology. Make it pervasive.
Core values:
-AFFORDABLE, CLEAN ENERGY IS FOR THE PEOPLE
-Secure Energy transformation for Oregon

Good goals are set with understanding: -understating your passion,
-what you can be the best in the world at,
--deep understanding what drives your economic engine
*
More motive than making just money
Always have a big goal that always moving forward

Strategy must change. So many things change. However, preserve the core ideology while pursuing your motivating goal.

Core values should never change, how you do things should always changes

Core ideology= core purpose + core values
Purpose= transform Oregon energy portfolio
Core values = customer affordability, shareholders

Envisioned future
Big hairy audacious goal BHAG

*
Cult like cultures, you last or you don’t.
Try a lot of stuff, keep what works, get rid of what doesn’t

Culture is the game

Comfort is not the point. It won’t be easy. It will be hard.
*
promote from within to protect the core and create continuity loop. Succession planning and leadership excellence
*
First who, then what.
Get good people on the bus, then drive it to opportunity

Some surprising and thought provoking findings can be found in the book (such as evidence that great ideas brought forth by charismatic leaders might be negatively correlated with building a visionary company). However, this is largely descriptive research, and one needs to be careful not to draw a lot of rigid implications out of this. The good thing is that the author himself acknowledges the short-comings of their research at the end of the book (including survivorship bias, which he likens to studying only Mount Everest climbers who survive).

The most important take-away from this book would be that companies may increase the likelihood of becoming a visionary one if they follow or display certain visionary characteristics as described in the book. (Obviously there is no guarantee they will.)

It's ok. Only internal stuff. Where are external factors?

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4.5 ⭐️ yet again, great example companies and clear guidance. Felt a little repetitive in places but walked away with more than I went in with - always a positive!

Preserve the core. Stimulate progress. Must read!