BUSINESS: Corporate Entrepreneurship (14) – Jim Collins’ thoughts part VI a

After the “Level 5 Leader“, “First who, then what“, “The Hedgehog concept” and the “Confront the brutal facts” concepts, let’s have a look at the way how to build a company’s vision.

Do you know what is core and what not?

The fundamental distingushing dynamic of enduring great companies is that they preserve a cherished core ideology while simultaneously stimulating progress and change in everything that is not part of the core ideology.

The most enduring and successful corporations distinguish their timeless core values and enduring core purpose (which should never change) from their operating practices and business strategies (which should be changing constantly in response to a changing world).


What is your vision?

A well conceived vision consists of two major components – core ideology and an envisioned future. Notice the direct parallel to the fundamental “preserve the core/stimulate progress” dynamic. A good vision builds on the interplay between these two complementary Yin-and-Yang forces; it defines:

“what we stand for and why we exist”

that does not change (the core ideology) and sets forth

“what we aspire to become, to achieve, to create”

that will require significant change and progress to attain (the envisioned future).

BUSINESS: Corporate Entrepreneurship (13) – Jim Collins’ thoughts part V

So, we already talked about the three Jim Collins’ concepts:

  • Level 5 Leader
  • First who, then what
  • The Hedgehog concept

It is now time to have a look at confronting the brutal facts of reality…

In confronting the brutal facts, the good-to-great companies left themselves stronger and more resilient, not weaker and more dispirited. There is a sense of exhilaration that comes in facing head-on the hard truths and saying. “ We will never give up. We will never capitulate. It might take a long time, but we will find a way to prevail”. On the one hand, they stoically accepted the brutal facts of reality. On the other hand, they maintained an unwavering faith in the endgame, and a commitment to prevail as a great company despite the brutal facts. We came to call this duality the Stockdale Paradox.

Who is Mr. Jim Stockdale?

[This] name refers to Admiral Jim Stockdale, who was the highest ranking United States military officer in the “Hanoi Hilton” prisoner-of-war camp during the height of the Vietnam War. Tortured over 20 times during his eight-year imprisonment from 1965 to 1973, Stockdale lived out the war without any prisoner’s rights, no set release date, and no certainty as to whether he would even survive to see his family again. He shouldered the burden of command, doing everything he could to create conditions that would increase the number of prisoners who would survive unbroken, while fighting an internal war against his captors and their attempts to use the prisoners for propaganda.

An extract of an interview from Jim Collins of Jim Stockdale:

Mr. Stockdale

“I never lost faith in the end of the story. I never doubted not only that I would get out, but also that I would prevail in the end and turn the experience into the defining event of my life, which, in retrospect, I would not trade.”

Mr. Collins

“Who didn’t make it out?”

Mr. Stockdale

“Oh, that’s easy, the optimists.

This is a very important lesson. You must never confuse faith that you will prevail in the end—which you can never afford to lose—with the discipline to confront the most brutal facts of your current reality, whatever they might be.”

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. A short story about Winston Churchill could help to illustrate this point:

Winston Churchill understood the liabilities of his strong personality, and he compensated for them beautifully during the Second World War. Churchill, as you know, maintained a bold and unwavering vision that Britain would not just survive, but prevail as a great nation. […] Armed with this bold vision, Churchill never failed, however, to confront the most brutal facts. He feared that his towering, charismatic personality might deter bad news from reaching him in its starkest form. So, early in the war, he created an entirely separate department outside the normal chain of command, called the Statistical Office, with the principal function of feeding him—continuously updated and completely unfiltered—the most brutal facts of reality. He relied heavily on this special unit throughout the war, repeatedly asking for facts, just the facts. As the Nazi panzers swept across Europe, Churchill went to bed and slept soundly: “I…had no need for cheering dreams,” he wrote.

“Facts are better than dreams.”

NEWS: Extension Google Deskbar planned

Since a couple of weeks, I posted a short article about the Google deskbar, which I am using quite intensively. This Windows tool allows to search the Internet without opening a Web browser. It integrates a small search bar within the Windows toolbar (it can be also used as a line calculator). The results are showed in a small window near the toolbar.

A recent article in New York Times said that Google could launch a new version of the Deskbar which will allow to search files locally on the HD’s (as a kind of Windows “search”). The ability to search local files would be a logical addition to this existing Google Deskbar. Microsoft plans to integrate this type of functionality in Longhorn (launch in 2006).

NEWS: Fahrenheit 9/11 has won the Palme d’Or at the Cannes Festival

Incredible…Michael Moore’s controversial anti-Bush documentary Fahrenheit 9/11 has won the prestigious Palme d’Or best film award at the Cannes festival!

Tarantino said when he was on stage with Moore on Saturday night to present the award, he told the director politics had nothing to do with the choice. “I just whispered in his ear and said, ‘I just want you to know it was not because of the politics that you won this award, you won it because we thought it was the best film that we saw.'”

Umh….ok ok :-)

TOOLS: blogging, RSS and Sauce Reader

Since about 10 days now (see this post), I am using Sauce Reader from Synop.
I had at this time a good feeling/first impression concerning the tool, and, I must say, I am quite convinced about it. Great interface, very active development team, some good ideas. You can find the last realease here (free for personal use):

Sauce Reader v1.4.1

For me, the best tool on MS platform at this time :-) Let’s see how the competitors will move on.

Laurent is also testing intensively the tool. His impression here, and an explanation how to configure Sauce Reader for blogging on .Text (I got really no problem to configure the Blogger part ;-).