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 Gates and how he got exposed to computer during Baby Boomer age and how he made the most out of the opportunity
Any business big or small must understand the following three risks and adopt necessary means to mitigate the same:
It has been observed that all high performing or 10X companies have demonstrated better ability in mitigating these risks than their competitors.This is what has made companies like SouthWest Airlines , Apple to where they are today
High performers referred to as 10X performers in Jim Collins’s book titled “Great By Choice” , maintain hypervigilance ,staying highly tuned to threats and changes in environment even when everything is going well.
These high performers use “Productive Paranoia” to turn their fear and worry into action , preparing and developing contingency plans , building buffers and maintaining high margins of safety.
Adopted from Jim Collins’s book titled “Great By Choice”
This skill relates to relying on direct observation , practical experimentation and direct engagement with direct evidence.This helps high performers make bold moves from a sound empirical base.
Thus when faced with uncertainty , high performers or 10X performers do not look up to other people or peers for direction they primarily look up to empirical evidence.
Adopted from Jim Collins’s book titled “Great By Choice”
In his book Great by Choice Jim Collins illuminates us on the need for leaders to exhibit fanatic discipline for high performance of their teams.
Such Discipline helps in displaying extreme consistency of action in terms of values , goals , performance standards & methods.
With a sense of “Fanatic Discipline” , high performers are utterly relentless , unbending in their focus on their quests.
The following snapshot mentions the 5 elements which are the key ingredients of Fanatic Discipline.
For another such wonderful insight from the same book, please read below:
https://viewpointsunplugged.com/10x-organizations-and-their-fanatic-discipline/
To know more about the author Jim Collins and his work please read the link: