“Having a great idea or being a charismatic visionary leader is ‘time telling’; building a company that can
In their research for Built to Last, Jim Collins and Jerry Porras made a surprising discovery: the visionary companies they studied weren’t a platform for a charismatic leader to make his or her mark or a vehicle to bring an amazing product to the world. It isn’t about creating a product or a leader; the company itself was the ultimate creation, and the leaders and products were in the service of making the company great, not the other way around. Collins refers to this concept as Clock Building vs. Telling Time; it is building something that can endure over time rather than striking while the iron is hot only to have the business fizzle out as times change.
So what is the practical application of this shift in perspective? Collins points to the implications for how leaders spend their time; rather than getting into the details of specific products and market strategies, clock building leaders focus their think time on organizational design. Instead of getting bogged down in the day to day decisions of running the business, they keep their heads up and focus on aligning the company around the BHAG, Core Purpose, and Core Values, and become an “architect of leadership” - someone who builds great leaders around them, rather than only being a great leader himself or herself.
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Editor's Note: This blog was originally published on April 6, 2015, and has been updated.