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Abbott recruited entrepreneurial leaders and gave them freedom to determine the best path to achieving their objectives. On the other hand, individuals had to commit fully to the Abbott system and were held rigorously accountable for their objectives. They had freedom, but freedom within a framework. Abbott instilled the entrepreneur’s zeal for opportunistic flexibility. (“We recognized that planning is priceless, but plans are useless,” said one Abbott executive.)8 But Abbott also had the discipline to say no to opportunities that failed the three circles test. While encouraging wide-ranging ...more
Good to Great: Why Some Companies Make the Leap...And Others Don't
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