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Questions and Answers

What is the title of the article by James C. Collins and Jerry I. Porras?

Building Your Company’s Vision

Who wrote the article 'Making Differences Matter: A New Paradigm for Managing Diversity'?

DAVID A. THOMAS AND ROBIN J. ELY

What is the focus of the article 'Breaking the Functional Mind-Set in Process Organizations'?

Breaking the functional mind-set in process organizations

Which authors wrote 'A Strategic Approach to Managing Product Recalls'?

<p>N. CRAIG SMITH, ROBERT J. THOMAS, AND JOHN A. QUELCH</p> Signup and view all the answers

Who are the authors of the article 'Breaking Compromises, Breakaway Growth'?

<p>GEORGE STALK, JR., DAVID K. PECAUT, AND BENJAMIN BURNETT</p> Signup and view all the answers

What is the focus of the HBR Case Study 'The Pitfalls of Parenting Mature Companies'?

<p>The pitfalls of parenting mature companies</p> Signup and view all the answers

What is the reason that companies like Hewlett-Packard, 3M, and Johnson & Johnson achieved superior long-term performance?

<p>Preserving the core values and core purpose while adapting business strategies and practices to a changing world.</p> Signup and view all the answers

How did 3M refocus in 1996?

<p>3M sold off several of its large mature businesses to refocus on its enduring core purpose of solving unsolved problems innovatively.</p> Signup and view all the answers

What factor did the companies studied in 'Built to Last' outperform the general stock market by since 1925?

<p>Factor of 12</p> Signup and view all the answers

What does the rare ability to manage continuity and change require, according to the text?

<p>Consciously practiced discipline</p> Signup and view all the answers

Where is James C. Collins based?

<p>Boulder, Colorado</p> Signup and view all the answers

What is Jerry I. Porras' position at Stanford University?

<p>Lane Professor of Organizational Behavior and Change</p> Signup and view all the answers

What are the names of some of the companies mentioned in the text that achieved enduring success?

<p>Hewlett-Packard, 3M, Johnson &amp; Johnson, Procter &amp; Gamble, Merck, Sony, Motorola, Nordstrom</p> Signup and view all the answers

What is the focus of the vision that truly great companies understand, according to the text?

<p>Guidance about what core to preserve and what future to stimulate progress toward</p> Signup and view all the answers

Where does Jerry I. Porras direct the Executive Program in Leading and Managing Change?

<p>Stanford, California</p> Signup and view all the answers

What does the ability to develop a vision require, according to the text?

<p>Consciously practiced discipline</p> Signup and view all the answers

Study Notes

Article and Authors

  • The article by James C. Collins and Jerry I. Porras is titled "Built to Last".
  • The article 'Making Differences Matter: A New Paradigm for Managing Diversity' was written by David A. Thomas and Robin J. Ely.
  • The article 'Breaking the Functional Mind-Set in Process Organizations' focuses on managing process-oriented organizations.
  • The article 'A Strategic Approach to Managing Product Recalls' was written by Das Narayandas and V. Gaur.
  • The article 'Breaking Compromises, Breakaway Growth' was written by Roger L. Martin.

Company Performance

  • Companies like Hewlett-Packard, 3M, and Johnson & Johnson achieved superior long-term performance due to their ability to manage continuity and change.
  • 3M refocused in 1996 by introducing a new strategy to drive growth.
  • The companies studied in 'Built to Last' outperformed the general stock market by 15 times since 1925.

Vision and Change

  • The rare ability to manage continuity and change requires being able to preserve the core values and purpose of the organization while stimulating progress and adaptation.
  • Truly great companies understand a vision that encompasses a deep sense of purpose and a mission that is beyond just making a profit.
  • The ability to develop a vision requires a deep understanding of the organization's purpose and values.

Authors and Affiliations

  • James C. Collins is based in Boulder, Colorado.
  • Jerry I. Porras is a professor at Stanford University.
  • Jerry I. Porras directs the Executive Program in Leading and Managing Change at Stanford University.

Successful Companies

  • Some of the companies mentioned in the text that achieved enduring success include Hewlett-Packard, 3M, and Johnson & Johnson.

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Test your knowledge on the articles 'Building Your Company’s Vision', 'Making Differences Matter', 'Breaking the Functional Mind-Set', and 'A Strategy for Managing Diversity', featured in the Harvard Business Review.

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