Learn more about strategy with this collection
How to manage risk
How to analyze investment opportunities
The importance of long-term planning
Being Ruthless Or Rigorous
The Key To Greatness: Start with the right people, ask them the right questions, and engage them in vigorous debate.
- To be ruthless means hacking and cutting, especially in difficult times, or wantonly firing people without any thoughtful consideration.
- To be rigorous means consistently applying exacting standards at all times and at all levels, especially in upper management.
To be rigorous, not ruthless, means that the best people need not worry about their positions and can concentrate fully on their work.
437
1.54K reads
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Good To Great: The Takeaways
- The good-to-great companies built a consistent system with clear constraints, but they also gave people freedom and responsibility within the framework of that system.
- They hired self-disciplined people who didn’t need to be managed, and then managed the system, not ...
479
1.16K reads
Confront The Facts But Don’t Lose Faith
The moment a leader allows himself to become the primary reality people worry about, rather than reality being the primary reality, you have a recipe for mediocrity, or worse. This is one of the key reasons why less charismatic leaders often produce better long-term results than their more charis...
428
1.35K reads
Leading With Truth
- Lead with questions, not answers. Don’t assume you know what’s best.
- Engage in dialogue and debate, with no coercion.
- Conduct autopsies and without blame
- Build “red flag” mechanisms: If you raise your hand with your red flag, the meeting room will stop for you.
439
1.21K reads
The Hedgehog Concept
Hedgehog Concept is a simple, crystalline concept that flows from a deep understanding of the intersection of the following three circles:
- What you can be the best in the world at (and, equally important, what you cannot be the best in the world at).
- What drives your economic e...
457
1.25K reads
Motivating People Is Useless
Spending time and energy trying to “motivate” people is a waste of effort. The real question is not, “How do we motivate our people?” If you have the right people, they will be self-motivated. The key is to not de-motivate them. One of the primary ways to de-motivate people is to...
459
1.24K reads
Level 5 Leadership
Level 5 leaders channel their ego needs away from themselves and into the larger goal of building a great company. It’s not that Level 5 leaders have no ego or self-interest. Indeed, they are incredibly ambitious— but their ambition is first and foremost for the institution, not themselves.
458
2.39K reads
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