Built to Last: Successful Habits of Visionary Companies – Our Book of The Month


by Don Smith

All products and services featured on this site are independently selected by our authors and editors. If you buy something through links on our site, we may earn an affiliate commission.

Drawing upon a six-year research project at the Stanford University Graduate School of Business, Collins and Porras poured through the data and asked: “What makes the truly exceptional companies different from other companies?” Have you ever wondered why some companies stand the test of time and thrive while others flounder?

Built to Last: Book of the Month Selection

This month's book of the month is focused on helping you answer those questions and understand the core components of a successful business. Here are a few key points that you will learn and expand upon as you read this book.

  1. “Architects' approach.” Leaders try to build the company so that the company lasts long beyond the current set of leaders.
  2. Do not accept that you have to chose between things. Great companies embrace the genius of “the and,” finding a way to do both.
  3. Have a purpose that goes beyond making money. Stands for something and has core values it really believes.
  4. Preserve the core/stimulate progress. The only thing scared is the philosophy of doing business. Change is encouraged, but everything is aligned to the core.
  5. Use BHAG's (Big Hairy Audacious Goals) to challenge and motivate the company. Building true commitment to the goal.
  6. Demanding of people for both accomplishment and adherence to core ideology. Indoctrinate people more, greater elitism.
  7. Move forward by trying a lot stuff, keeping what works and getting rid of what does not. Manage failure.
  8. Grow their own leaders and managers. Strive for continuity of leadership to preserve core values.
  9. Very demanding of themselves and have very high standards. Stimulate change before external environment demands it. Worry about becoming complacent.
  10. Get the right people on the bus. Great companies start by getting the right people in the seats.

Enjoy this month's selection! To order it from Amazon and send a few pennies our way to support our personal development community, click here or use the link below.

About the Author 

Don Smith

Happily married with five kids, Smith owns a technology company, has served on the board of directors for multiple companies, and loves playing soccer, hiking, and mentoring.

{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}

Use the links below to navigate our picks for the best personal development books for each of the following topics. FinancesBusiness Relationships

Read More
Best Personal Development Books: 20 Books to Skyrocket Your Success

“They say such nice things about people at funerals that it makes me sad I am going to miss mine by just

Read More
What is the Tombstone Test?

Me and my wife enjoy seeing live stand up comedians perform in the NYC/NJ area. One of my thrills was seeing iconic

Read More
How Does the Wealthiest Comedian on Earth Teach You to Be Creative?

What do you consider to be a failure? And do you know how to deal with failures? For me, failure is directly

Read More
How to Deal with Failures in Your life?

I am guessing that most people reading this have a good supply of books. And that every new personal development book that

Read More
Looking to Buy More Books?

What makes you think you are right? Have you ever gotten into an argument with a person who believes they are always

Read More
Are You Sure About That?

It's sad sometimes to hear people complaining about their job all the time. Monday rolls around, and they are grumbling about going

Read More
If You Hate Your Job, Change

I've looked at many resumes over the years, and for many people, it would be easier to name what they haven't done

Read More
Survey of Six Figure Earners Shows Why Focus Is Important

You've probably heard the advice go after your passion in life, do what you enjoy doing, and the money will follow. That

Read More
Why Following Your Passion May Be the Worst Advice You Ever Received

A little while into the first meeting between Warren Buffett and Bill Gates, Warren pulled out his little black datebook and started

Read More
Coffee with God

I wrote about using credit cards the other day and got a lot of negative feedback. People or experience had convinced many that Credit

Read More
People Don’t Like it if You Challenge Their Mindsets

I have aligned with good partners over the years through my blog. Picking good business partners is a skill to hone for

Read More
How to Pick Good Business Partners
>