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Tag: Great By Choice by Jim Collins

  • SMAC recipe for success

    SMAC recipe for success

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    What’s your favorite recipe?
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    Adopt SMAC recipe for success

    There have been different gurus and books who have advised on various methods to attain success. There is none better than Jim Collins’s SMAC recipe for success which is not only practical but finds relevance in the modern era as well.

    A SMaC (Specific, Methodical and Consistent) recipe is a set of “durable operating practices that create a replicable and consistent success formula”. It is clear and concrete without fluff, precise in guiding an enterprise on what to do (and what not to do) while reflecting the outcomes of empirical validation and insight.

    SMAC recipe for success

    In his book Great by Choice the author Jim Collins shows how iconic companies like South West Airlines have applied these principles for long lasting success.

    Listed below are some of Howard Putnam’s points followed at Southwest Airlines adhering to SMaC principle for lasting success:

    – Remain a short-haul carrier, under two-hour segments;
    – Utilize the 737 as our primary aircraft for ten to twelve years;
    – Stay out of food services

    Thus adopting this recipe in our lives can guarantee long term success.

  • The JOURNEY towards 10X Growth is NOT a bed of roses..

    The following graph of 10Xers shows the fact that the journey is indeed a bumpy ride. 10Xers strive towards long term success by making a conscious attempt to stay above the DEATH LINE

    Adopted from Great by Choice

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  • How to take LITTLE BETS and SCALE for 10X growth?

    Jim Collins in his best selling book Great by Choice nebtions about the FIRE BULLETS then CANNONBALL approach for 10X growth. The following snapshot highlights the iconic framework

    Fire Bullets then Cannonball

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  • What are those THREE TRAITS that can make you a BETTER LEADER?

    The following insight has been adopted from Jim Collins’s book Great by Choice.

    The following THREE traits can make you a better leader from tomorrow –

    1. FANATICAL DISCIPLINE – Exhibited thorough a ’20 Mile March” helps great leaders course correct. They stay relentlessly focused and impose self imposed constraints.
    2. EMPIRICAL CREATIVITY – Through a “FIRE BULLETS THEN CANNONBALL” approach, great leaders take calculated bets and based on the success aim for larger investments.
    3. PRODUCTIVE PARANOIA – Great leaders maintain CASH reserves, bound risks and stay hypervigilant to monitor the external environment and adjust accordingly.

  • How can BETTER PREPAREDNESS give you MORE LUCK?

    In Jim Collins’s best seller Great by Choice the following beautiful quote from the great man Roald Amundsen makes it clear how BETTER PREPAREDNESS is closely intertwined with SUCCESS..

    “Victory awaits him who has everything in order = LUCK people call it. DEFEAT is CERTAIN for him who has NEGLECTED to take the necessary PRECAUTIONS in time – this is called BAD LUCK. ” – Roald Amundsen

    Jim Collins’s book Good to Great

  • Why “FIRE BULLETS THEN CANNONBALLS” guarantees long term SUCCESS?

    The following insight adopted from Jim Collins’s book Great by Choice shows why taking small bets is the preferred approach to achieve long term success by building on the small bets and taking a big bang approach after the small bets succeed. This is a proven methodology based on research done by Jim Collins for all 10X companies led by 10X leaders.

    Fire Bullets, Then Cannonballs: A bullet is an empirical test aimed at learning what works and that meets three criteria:  a bullet must be low cost, low risk, and low distraction.10Xers use bullets to empirically validate what will actually work.  Based on those empirical validation, they then concentrate their resources to fire a cannonball, enabling large returns from concentrated bets.

    Adopted from Jim Collins’s book Great by Choice

  • How can PRODUCTIVE PARANOIA serve as a virtue?

    Jim Collins in his book Great by Choice goes ahead and explains the success recipe of 10X companies and leaders.

    Productive Paranoia is one such quality that helps these companies and leaders “course correct ” and hence achieve phenomenal success.

    10Xers remain productively paranoid in good times, recognizing that it’s what you do before the storm comes that matters most.  Since it’s impossible to consistently predict specific disruptive events, they systematically build buffers and shock absorbers for dealing with unexpected events.  They put in place their extra oxygen canisters long before they’re hit with a storm.

    Adopted from Jim Collins’s book Great by Choice

    Thus productive paranoia is a habit that needs to be practices to remain honest en-route a success journey.

  • What role does LUCK play in 10X LEADERSHIP?

    The following self help and motivational insight has been adopted from Jim Collins’s book Great by Choice..

    “Everyone gets luck, good and bad, but 10X winners make more of the luck they get.”

    Adopted from Jim Collins’s book Great by Choice

    Thus just being LUCKY is not enough, LUCK needs to be made use of as well. This is what makes 10X leaders special.

  • The BEST RECIPE to MULTIPLY CREATIVITY is THIS..

    The following self help and motivational insight has been adopted from Jim Collins’s book great by Choice

    “When you marry operating excellence with innovation, you multiply the value of your creativity.”

  • As a LEADER do you PRACTICE these THREE TRAITS regularly?This RESEARCH will ILLUMINATE you..

    The following self help , motivational and leadership insight has been adopted from Jim Collins’s book Great by Choice and talks about 10X high performing leaders with Level 5 ambition

    “10Xers embrace a paradox of control and non-control. On the one hand, 10Xers understand that they face continuous uncertainty and that they cannot control, and cannot accurately predict, significant aspects of the world around them. On the other hand, 10Xers reject the idea that forces outside their control or chance events will determine their results; they accept full responsibility for their own fate. 10Xers then bring this idea to life by a triad of core behaviors: fanatic discipline, empirical creativity, and productive paranoia. Animating these three core behaviors is a central motivating force, Level 5 ambition.”