Vasayo & The 5 Pillars Of A Legacy Company
A legacy, by definition, is something that outlives the individuals who create it. It’s something that spans generations and stands the test of time. When someone leaves a legacy, others follow in their footsteps, emulating their methods and seeking to recapture their success. They’re held up as examples and paragons of the virtues they demonstrated.
The term can be applied to leaders who leave a lasting impression on their country just as well as it can be applied to a scientist or artist who pioneers their field. Legacy takes on new meaning, however, when it’s applied to businesses, as the meaning changes from “something left behind” to “something that stands the test of time.”
A “legacy company” isn’t a flash in the pan. It’s an organization that persists, despite the ups and downs of economic, social, and political changes. It’s adapted to changes in technology and culture, evolving to keep up with the times. These mainstays have been around for decades (or, in some cases, centuries). These companies have outlived their founders and, in some cases, several rounds of successors.
Becoming a legacy company takes time; that should be apparent. But it also takes a certain kind of company culture — a commitment to excellence and timelessness, and a willingness to adapt to the evolving needs of the customers. At the foundational level, there are five attributes that every legacy company, like Vasayo, has. The infographic below sums up these five “pillars” for anyone who wants to make sure their venture survives and thrives in the passage of time.