Built to Last

Built to Last
MASTERY QUIZ

Built to Last

Test your knowledge with 45 questions across 3 challenge tiers

πŸ₯‰ Fundamentals
πŸ₯ˆ Deep Dive
πŸ₯‡ Expert
Key Vocabulary

Master These Concepts

Review these key terms before taking the quiz

01

Visionary Company

A company that is a premier institution in its industry widely admired and with a long track record of impact

Example

Visionary companies like 3M and Johnson and Johnson have endured and prospered for generations

02

Core Ideology

The combination of core values and core purpose that defines a company enduring identity

Example

Core ideology remains fixed while strategies and practices change – it is what you stand for

03

Core Values

The essential and enduring principles that guide a company regardless of circumstances

Example

Core values are not chosen for competitive advantage but because they reflect authentic beliefs

04

Core Purpose

The fundamental reason for existence beyond just making money

Example

Core purpose is the soul of the organization that inspires and guides for generations

05

BHAG

Big Hairy Audacious Goal – a bold long-term goal that serves as a unifying focal point

Example

BHAGs stretch organizations and stimulate progress by setting seemingly impossible targets

06

Preserve the Core and Stimulate Progress

The dynamic balance of maintaining core ideology while continuously changing everything else

Example

Visionary companies hold core values constant while relentlessly evolving practices

07

Clock Building

Creating an organization that can prosper beyond any single leader or idea

Example

Clock builders create enduring institutions rather than being charismatic leaders of the moment

08

Tyranny of the Or

The false belief that you must choose between seemingly contradictory options

Example

Visionary companies reject the tyranny of the or embracing both stability and change

09

Genius of the And

The ability to embrace both extremes simultaneously rather than choosing between them

Example

The genius of the and means being both idealistic and practical both conservative and bold

10

Cult-like Culture

An intense organizational culture with strong indoctrination and emphasis on fit with ideology

Example

Visionary companies often have cult-like cultures that are great for those who fit and uncomfortable for those who do not

11

Try a Lot of Stuff

An approach to innovation through experimentation and evolutionary selection

Example

Rather than brilliant strategic planning visionary companies often try many things and keep what works

12

Home-Grown Management

The practice of developing and promoting leaders from within rather than hiring outsiders

Example

Visionary companies consistently promoted from within preserving culture and ideology

Choose Your Challenge

Select a Quiz Tier

Complete each tier to unlock the next and earn your badges.

3

Fundamentals

TIER 1 β€’ READER BADGE

10 Questions ~5 min 80% to pass
Start Quiz β†’
πŸ”’
2

Deep Dive

TIER 2 β€’ SCHOLAR BADGE

15 Questions ~10 min 80% to pass
πŸ”’ Pass Fundamentals to Unlock
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1

Expert

TIER 3 β€’ MASTER BADGE

20 Questions ~15 min 85% to pass
πŸ”’ Pass Deep Dive to Unlock

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Prashant Chadha

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