While properly understated, this is perhaps one of your most important points. The desire- if not compulsion for- flash is what kills off so many entrepreneurs and corporations. The short-term big shareholder payoffs, the lack of foresight, the inability to use discretion, controlling ego-based impulses to look heroic or appear brave as opposed to “steady wins the race.” Part of this is driven by the demands of those shareholders, the expectations concerning grotesquely-overpaid CEOs, our collective impatience with results overall. Once great corporations (see GE as a perfect example)
Flashy is like nouveau riche. Rather than put money in the bank, newly rich people often splurge on splash: big cars, big houses, big jewelry in a gauche attempt to look superior. Old money often travels in beaters, old jeans, and eschews such displays. They’re taking the long view: the family, the family’s family, and so on. Blowing it all now burns future generations. Rather like what we’re currently doing in America. But we are increasingly a “hero of the moment” society.
Intellect in and of itself- such as an IQ of 120 or higher- isn’t a guarantee of success. Nor is the commitment of 10,000 hours. People can do something for 10,000 hours and repeat the same mistakes endlessly, never improve, never expand., never grow. The numbers themselves- the IQ, the time- are relatively meaningless. Of some 700 millionaires, for example, their average GPA was around 2.9. We have ridiculously poor ways to measure potential, and to determine who might be “lucky.” I might posit that luck is also highly volatile. It has a great deal to do with endless preparation, and heightened awareness of what’s possible, combined with maturity, common sense, and a fair amount of courage. That’s also been said before.
In other words, a healthy dose of EQ.
Emotional maturity- as opposed to IQ- has a great deal more to do with whether we can trust a leader to make competent decisions. Brilliance in and of itself can be damned dangerous without the reins of self-awareness, empathy, patience and social skills. Those temper thoughtlessness, selfishness, and outright greed- in other words, flashy success.
The four points you list here about 10xers smack of a high level of EQ: patience, preparation, planning.
I might wonder what Collins might have added to the understanding of these so called Great Companies had he posed a set of questions around this critically important success factor.