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Preserve core values while allowing for the flexibility needed to adapt to changing circumstances from "summary" of Good to Great by Jim Collins
Preserving core values while at the same time being able to adjust to shifting circumstances is a crucial concept that sets great companies apart from merely good ones. When an organization maintains a clear sense of its fundamental principles and beliefs, it creates a solid foundation upon which to build long-term success. These core values serve as guiding principles that inform decision-making and actions at all levels of the organization. However, it is equally important for a company to be flexible and adaptable in the face of changing conditions. Markets evolve, technologies advance, and customer preferences shift. In order to thrive in a dynamic environment, a company must be willing to embrace change and adjust its strategies accordingly. This flexibility allows an organization to seize new opportunities and navigate challenges with agility and resilience. The key challenge lies in finding the right balance between preserving core values and embracing change. Companies ...
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