Definition:
No company will consistently grow revenues quicker than its ability to get enough of the right people to implement that growth and still become a great company. If a company consistently grows revenue faster than its ability to get enough of the right people to implement that growth, it’ll not simply stagnate; it’ll fall.
Further Reading:
Book: Good to Great by Jim Collins.
Definition:
Big hairy audacious goal, or BHAG, refers to a clear and compelling target for a company to strive for. The term was coined within the book “Built to Last: successful Habits of Visionary Companies” by Jim Collins and jerry Porras. A BHAG – pronounced “bee hag” – is a long-term goal that everybody in a company will understand and rally behind. BHAGs are meant to excite and energize folks in a method that quarterly targets and lengthy missions statements usually fail to.
Further Reading:
Book: Good to Great by Jim Collins.
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