Tag: 10X Companies
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Extending EVOLUTION of a TREE to VISIONARY COMPANIES.
How is Evolution in Visionary Company similar to a Tree? Jim Collins mentions about this fascinating insight in his best selling book Built to Last. Thus continuous experimentation & learning out of lessons learnt is the only way to progress. Visionary Companies time and time again bear ample testimony to the same. Thus if you…
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Creating huge margins of safety to keep playing the infinite game
The infinite game of business is where the players are unknown , time in unlimited and the rules are unknown. The goal of players in an infinite game is to keep playing the game. 10X companies or high performing companies in the infinite game of business , exercise productive paranoia , empirical creativity and fanatic…
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Asymmetry between good luck and bad luck
The interesting asymmetry between good luck and bad luck is that: A single stroke of good luck , no matter how big the break , cannot by itself make a great company. But a single stroke of extremely bad luck that slams you on the Death Line , or an extended sequence of bad luck…
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How high performers turn bad luck into good results?
High performers shine when clobbered by setbacks and misfortune. These are ones who use difficulty as a catalyst to deepen purpose . recommit to values . increase discipline and respond with creativity. They heighten productive paranoia and use resilience to overcome all obstacles to reach greatness. Adopted from Jim Collins’s book titled “Great By Choice”
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How Gary Kildall’s Digital Research missed the bus?
Gary Kildall and his company Digital Research had come up with an advanced operating system DR DOS for shipping to IBM PC’s. Due to a glitch in Microsoft’s operating system , IBM had become eager to sign a contract with Digital Research for shipping it’s OS in all IBM PC’s. But due to lack in…
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When AMD squandered “good luck”
AMD gave Intel a run for its money when in the mid 1990’s AMD’s K5 processor had all features of Intel’s Pentium processor and was sure to grab a lot of Intel’s market share. The opportunity AMD had got with its K5 chip to topple Intel’s market leader position was squandered when the K5 chips…
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What is “Return on Luck”
Adopted from Jim Collins’s book titled Great By Choice High performers or 10X performers make the most of an opportunity.Luck for them is “preparation meeting an opportunity” These are high performers who make the most use of luck to get high ROL or Return on Luck to leave competitors by the wayside. Think of Bill…
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Adhering to a “20 Mile March” strategy needs character
This is a specific performance marker that 10X companies adopt consistently over a period of time Adhering to this metric needs true character and requires two distinct types of discomfort: 1) Showing self restraint and holding back in good times without being greedy so that 2) High performance is delivered during difficult times Think of…
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Doing a “20 Mile March” consistently over time
The “20 Mile March” is a steady performance marker adopted by high performing organizations that help them survive the test of time This steady march requires hitting specified performance markers consistently over a period of time. This kind of a strategy needs exercise of self restraint during good times to not be greedy and abide…
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Why any business must understand these three risks?
Any business big or small must understand the following three risks and adopt necessary means to mitigate the same: Death Line Risk – This if not properly mitigated can kill or severely damage an enterprise Asymmetric Risk – The downside of such risks dwarfs the upside. Uncontrollable Risk – This cannot be controlled or managed…