A flywheel need not be entirely unique. Two successful organizations can have similar flywheels. What matters most is how well you understand your fl… - Jim Collins

What matters most is how well you understand your flywheel and how well you execute on each component over a long series of iterations.

The Hedgehog Concept (Simplicity within the Three Circles). To go from good to great requires transcending the curse of competence. Just because something is your core business — just because you’ve been doing it for years or perhaps even decades — does not necessarily mean you can be the best in the world at it. And if you cannot be the best in the world at your core business, then your core business absolutely cannot form the basis of a great company. It must be replaced with a simple concept that reflects deep understanding of three intersecting circles.

What makes for a key seat? Any seat meeting any one of the following three conditions qualifies as key: The person in that seat has the power to make significant people decisions. Failure in the seat could expose the entire enterprise to significant risk or potential catastrophe. Success in the seat would have a significantly outsized impact on the company’s success.

One of the most important steps you can take in building a visionary company is not an action, but a shift in perspective.