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Tag: Great By Choice

  • This is how 10X leaders maintain a balance between control and non control

    Adopted from the following great insight shared by Jim Collins from the book Great by Choice

    “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.”

  • What are THREE BIG ADVANTAGES of a 20 MILE MARCH?

    Inspired from the following great insight shared by Jim Collins from the book Great by Choice, the insight highlights the three big advantages of a 20 Mile March.

    “WHY 20 MILE MARCHERS WIN 20 Mile Marching helps turn the odds in your favor for three reasons:

    1. It builds confidence in your ability to perform well in adverse circumstances.

    2. It reduces the likelihood of catastrophe when you’re hit by turbulent disruption.

    3. It helps you exert self-control in an out-of-control environment.”

  • This is how balanced 10X leaders are , in a fast paced world

    Adopted from the following great insight shared by Jim Collins from the book Great by Choice

    “The idea that leading in a “fast world” always requires “fast decisions” and “fast action”—and that we should embrace an overall ethos of “Fast! Fast! Fast!”—is a good way to get killed. 10X leaders figure out when to go fast, and when not to.”

  • This is what the conqueror of South Pole said about VICTORY

    Adopted from the following great insight shared by Jim Collins from the book Great by Choice

    “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, The South Pole”

  • This illustrates importance of the “20 Mile March” for consistent performers

    Adopted from the following great insight shared by Jim Collins from the book Great by Choice

    “If you want to achieve consistent performance, you need both parts of a 20 Mile March: a lower bound and an upper bound, a hurdle that you jump over and a ceiling that you will not rise above, the ambition to achieve and the self-control to hold back. “

  • Wondering How to “multiply your Creativity”?This will help

    Adopted from the following great insight shared by Jim Collins from the book Great by Choice

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

  • SouthWest’s SMaC recipe for success

    10X organizations led by Level 5 leaders are characterized  by the adoption of SMaC principles.

    SMaC stands for Specific, Methodical and Consistent.

    A SMaC 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.

    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

    Adopted from Jim Collins’s book Great by Choice

  • Recipe for Level 5 Ambition

    Level 5 iconic leaders take the organizations to 10X organizations by virtue of their leadership skills..

    Adopted from Jim Collins’s book Great By Choice , listed below is the recipe for Level 5 Ambition which is central to Level 5 leadership for transforming organizations into 10X organizations..

    Level 5 Ambition is a combination of extreme personal humility & intense professional will and is captured by the adoption of a SMaC principles where SMaC stands for Specific, Methodical and Consistent.

  • What is meant by “Fire Bullets then Cannonball” approach?

    “Fire Bullets then Cannonball” is an approach adopted by high performing 10X organizations to validate scale up options , as mentioned by Jim Collins in his book Great by Choice..

    A bullet is a low-cost, low-risk, and low-distraction experiment that helps to empirically validate what works (and what doesn’t). Based on the outcomes of that, 10X companies will then fire a cannonball, investing larger resources to enable disproportionate returns from concentrated bets.

  • 20 Mile March and its characteristics

    Great organizations termed as 10X organizations by Jim Collins in his book Great by Choice are relentless, monomaniacal and unyielding in focusing on their quests.

    They set focused consistent targets for both good and bad times.As a result of this they sacrifice on the enticement of aiming too high during good times , a mistake made by comparison companies..

    Such organisational attributes leads to what is called the 20 Mile March. A good 20 Mile March has the following characteristics:

    – clear performance markers;
    – self-imposed constraints;
    – are appropriate and specific to the enterprise;
    – are within the company’s control to achieve;
    – are bound by a time frame
    – are imposed by the company upon itself; and
    – achieved with high consistency.