Tag: 10X Companies
-
Why top companies need not be the most innovative?
Jim Collins in his book titled “Great By Choice” shares startling insights which goes to prove just this. The iconic brand South West Airlines copied the entertainment aspect in its brand from its once famous competitor named Pacific Southwest Airlines. It was sheer discipline that made Southwest survive the test of time and Pacific Southwest…
-
What happens when the aggressive growth strategy is not sustainable?
Let us a look at the following 10X high performance organizations(highlighted in bold)vs their competitors who were outclassed in the long run Stryker vs USSC Southwest Airlines vs PSA Progressive Insurance vs Safeco Intel vs AMD Amgen vs Genetech Be it AMD , USSC or the other players one common link which made all these…
-
Seven characteristics of a good “20 Mile March”
A balanced year on year growth strategy which is born out of fanatic discipline of 10X companies has been termed as the “20 Mile March” in the book titled “Great by Choice” by Jim Collins. Such a strategy takes into account the fact that we need to respect “unforgiving environment” when the tide is rough…
-
Three Reasons why “The 20 Mile Marchers” always beat competition
Adopted from Jim Collins’s book titled “Great By Choice” “20 Mile March” is a term coined in his book to explain why 10X companies have won over their competitors by being slow and steady , in the infinite game of business. The three reasons why such a strategy helps to fight against all odds during…
-
How do “high performing” companies overcome uncertainty?
“The 20 mile march” or the disciplined and consistent year on year growth plans of high performing companies , impose order amidst disorder , consistency amidst uncertain environment. This sense of “fanatic discipline” manifested in the form of the well thought out growth plans sacrifice the enticement of aiming for greater growth when the tide…
-
What is meant by “The 20 Mile March”?
Adopted from Jim Collins’s book titled “Great By Choice”. 10X companies meaning high performing companies have a common pattern of following “The 20 Mile March” growth approach. By this is meant an approach wherein the leaders in such companies define a growth rate which is ethical , reasonable and not too aggressive.This would mean defining…