Question 1: Visionary Company
According to Jerry Porras and Jim Collins visionary companies demonstrate a set of characteristics which are a departure from what is the popular myth. Ordinarily, it would be expected that visionary companies would be characterised by the following: presence of a great idea, charismatic and determined leaders, maximization of profits, focus on beating the competitors and the tendency to hire chief executive officers externally.
Contrary to that, Porras and Collins opine that visionary companies are essentially characterised by a number of factors briefly discussed. They insist that visionary companies are premier institutions in their area of specialization. As such, visionary companies usually lead ...