The Knowledge Project with Shane Parrish

#67 Jim Collins: Keeping the Flywheel in Motion

624 snips
Oct 1, 2019
Jim Collins, best-selling author of 'Good to Great', shares invaluable insights on business longevity. He examines the interplay between luck and leadership, emphasizing that success isn't solely about good fortune. Collins introduces the flywheel principle, illustrating how disciplined actions create momentum for lasting success. He also highlights the importance of organizational mission over ego in decision-making, and warns against overconfidence in innovation. This conversation is packed with practical advice for aspiring leaders and business innovators.
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ANECDOTE

Jobs in the Wilderness

  • In 1988, Jim Collins invited a then-struggling Steve Jobs to his Stanford class.
  • Jobs, fired from Apple and in the wilderness with Next, discussed life, companies, and creativity.
INSIGHT

Jobs' Level 5 Growth

  • Steve Jobs' journey exemplifies a Level 5 leader's growth, evolving from self-centered ambition to a focus on Apple's enduring greatness.
  • This challenges the myth of separate entrepreneur and company-builder types.
INSIGHT

Level 5 Leadership

  • Level 5 leaders prioritize the company's mission over personal ambition, demonstrating humility and unwavering will.
  • Many great company builders began as entrepreneurs, growing into their leadership roles.
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