Pile On Motivation

Join 21K other subscribers

Tag: Great By Choice

  • “Progressive Insurance” – a first of its kind

    Progressive Insurance under the able 10X leadership of Peter Lewis became the first publicly held company to report underwriting results monthly.This was way back in 2001.

    This was not only against conventional wisdom , it was a step that went a long way in making “Progressive’s” reporting processes much more transparent to Wall Street investors.

    Please find below the link(source progressive.com)highlighting “Progressive Insurance’s” journey.

    https://www.progressive.com/about/history/

    Adopted from Jim Collin’s book titled “Great by Choice”

  • “Empiricism” over “Analysis” or vice versa?

    10X leaders are characterized by unique traits that enable them to stand tall when the chips are down.

    Following conventional wisdom when the tide is rough is not something that can help someone stand out of the rest of the pack.

    Hence 10X leaders be it Andy Grove of Intel or Ronald Amundsen who conquered South Pole , favor empiricism as the foundation for decisive actions.

    Had analysis based on conventional wisdom always worked , 10X leaders would not have stood out

    Adopted from Jim Collin’s book titled “Great By Choice”

  • “Avoiding conventional wisdom” during uncertain times

    Social psychology research dictates that during times of uncertainty we should look up to experts as to how to proceed in the best possible manner.

    The pattern of all 10X leaders be it Peter Lewis of Progressive Insurance , Herb Kelleher of SWA , suggests that during uncertain times they did not do what the pundits said.

    They primarily looked up to empirical evidence and faced the problems head on.

    This is what makes them different.

    Adopted from Jim Collin’s book titled “Great By Choice”

  • What goes into FANATIC DISCIPLINE ?

    Fanatic discipline is one of the 4 facets manifested by 10X high performing leaders as mentioned by Jim Collins in his book “Great by Choice”

    Discipline in essence means consistency in action , with respect to:

    1) Consistency with values

    2) Consistency with long term goals

    3) Consistency with perfomance standards

    4) Consistency of method

    5) Consistency over time

    Adopted from Jim Collin’s book “Great By Choice”

  • What does 10X leadership entail?

    10X leadership a term coined by Jim Collins in his book titled “Great By Choice” is a term used to understand how some leaders are able to give their organizations 10 times more growth than others , given the same environmental conditions.

    The four defining qualities of such leaders are:

    1)Fanatic Discipline – These keeps the companies on track

    2) Empirical Creativity – This keeps the culture vibrant

    3) Productive Paranoia – These keep the companies alive and kicking

    4) Ambition – This gives the much needed sense of intrinsic motivation

    Watch out this space for more..