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Kindle Notes & Highlights
The fact that something is a “once-in-a-lifetime opportunity” is irrelevant, unless it fits within the three circles. A great company will have many once-in-a-lifetime opportunities.
“Stop doing” lists are more important than “to do” lists.
technology becomes an accelerator of momentum, not a creator of it.
Does the technology fit directly with your Hedgehog Concept?
“Twenty percent of our success is the new technology that we embrace . . . [but] eighty percent of our success is in the culture of our company.”
Like the Daytona 500, the primary variable in winning is not the car, but the driver and his team. Not that the car is unimportant, but it is secondary.
“NO MIRACLE MOMENT” IN GOOD TO GREAT
“There was no one magical event, no one turning point. It was a combination of things.
It was sort of an evolution thing.”
“It wasn’t a single switch that was thrown at one time. Little by little, the themes became more apparent and stronger.
Tremendous power exists in the fact of continued improvement and the delivery of results.
when are you going to be number one?’ ‘I don’t know,’ he said. ‘But if we just keep doing what we’re doing, there’s no reason why we can’t become number one.’”
their big acquisitions generally took place after development of the Hedgehog Concept and after the flywheel had built significant momentum. They used acquisitions as an accelerator of flywheel momentum, not a creator of it.
The other frequently observed doom loop pattern is that of new leaders who stepped in, stopped an already spinning flywheel, and threw it in an entirely new direction.
Spend little energy trying to motivate or align people;
The point is not what core values you have, but that you have core values at all, that you know what they are, that you build them explicitly into the organization, and that you preserve them over time.
To create an enduring great company requires all the key concepts from both studies, tied together and applied consistently over time. Furthermore, if you ever stop doing any one of the key ideas, your organization will inevitably slide backward toward mediocrity. Remember, it is much easier to become great than to remain great.
those who strive to turn good into great find the process no more painful or exhausting
Conversely, perpetuating mediocrity is an inherently depressing process and drains much more energy out of the pool than it puts back in.
in the end, it is impossible to have a great life unless it is a meaningful life. And it is very difficult to have a meaningful life without meaningful work.
