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Tag: Jim Collins insights

  • SMAC recipe for success

    SMAC recipe for success

    Daily writing prompt
    What’s your favorite recipe?

    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.

  • Make Your Destiny via Deliberate Practice

    Make Your Destiny via Deliberate Practice

    Daily writing prompt
    Do you believe in fate/destiny?

    They say that destiny is a choice not chance. I do firmly believe in this statement and hence the post will enlighten how to make your destiny via deliberate practice.

    History bears ample testimony to that fact that all successful people have had lucky breaks. But it equally true that they have made full use of the chance because of their preparedness.

    Make your destiny via Deliberate Practice

    Read this post to know the essence of deliberate practice your secret weapon to preparedness.

    https://viewpointsunplugged.com/make-deliberate-practice-your-lifes-mantra/

    Another important post in this regard is this:

    https://viewpointsunplugged.com/what-is-return-on-luck/

    To know more about the concept of deliberate practice I would encourage you all to go through this link:

    https://jamesclear.com/deliberate-practice-theory

    Also do not forget to read more about Jim Collins and his wonderful books wherein he mentions how preparedness has enabled great leaders to make their destiny via deliberate practice.

    https://www.jimcollins.com

  • Don’t get CARRIED AWAY by TECHNOLOGY. Why?

    Don’t get CARRIED AWAY by TECHNOLOGY. Why?

    Daily writing prompt
    How has technology changed your job?

    Technology has evolved by leaps and bounds and is causing a sea change in our lives. Though it is a talk of the town, read this blog post to understand why you should not get carried away by technology.

    Also noteworthy is the point that technology can be an enabler and never a driver for change.

    Adopted from the book of Jim Collins , Good to Great..

    Jim Collins mentions that certainly a company cannot remain a laggard and hope to be great but technology by itself can never be a primary cause of either GREATNESS or DECLINE..

  • What are the FOUR types of Big Hairy Audacious Goals?

    Big Hairy Audacious Goals and their types

    Jim Collins mentions about Big hairy Audacious Goal in his book Built to Last as the pre-requisite to stimulate progress. Over the years iconic companies have set different kinds of Big Hairy Audacious Goals to carve a niche out for themselves. Illustrated below are the 4 different possibilities of BHAGs

    “4 types of BHAGS – target BHAGs (Sam Walton, my first store will have a profit per square foot), creative impact BHAG (Microsoft, create a computer on every desk), a common enemy BHAG (we will win, we will crush them…think NIKE), role model BHAG (we want to be iconic in our industry).”

    Jim Collins – Built to Last
  • Walmart’s Ledger Book is a masterclass for Continuous Improvement.

    Walmart’s Ledger Book and the lesson it teaches us

    Jim Collins’s in his best seller Built to Last makes a mention of Walmart’s Ledger Book and how it continues to be a masterclass for Continuous Improvement.

    This teaches us to improve ourselves by the day without being bogged down by competition.

    Built to Last – Jim Collins
  • The HUBRIS FACTOR of VISIONARY COMPANIES.

    How Un-reasonability & progress go hand in hand?

    Visionary companies have utmost SELF CONFIDENCE and un-reasonability bordering around HUBRIS. It is this factor that makes them a class apart. Had this not been the case IBM, Boeing, Disney would never have been able to take risky bets that eventually paid off.

    Built to Last – Jim Collins

    Very nice insight that Jim Collins has shared from his book Built to Last.

  • Extending EVOLUTION of a TREE to VISIONARY COMPANIES.

    How is Evolution in Visionary Company similar to a Tree?

    Jim Collins mentions about this fascinating insight in his best selling book Built to Last.

    Thus continuous experimentation & learning out of lessons learnt is the only way to progress. Visionary Companies time and time again bear ample testimony to the same.

    Built to Last

    Thus if you are building a visionary company be prepared to experiment, branch out and prune as needed.

  • How did the EVOLUTIONARY TREE at 3M nurture INNOVATION?

    How 3M nurtured Innovation?

    3M’s Evolutionary tree illustrated in the snapshot below, helped encourage innovation by encouraging people to come up with new ideas. All the success related to Post-it notes and similar such products can be attributed to the Evolutionary Tree philosophy followed at 3M.

    Jim Collins mentions the same in his best selling book Built to Last

    Evolutionary Tree at 3M – Jim Collins’s Built to Last

    Giving people the freedom to fail is an essential aspect of ensuring innovation at the workplace. 3M truly is an innovation led company and has shown the way for its peers.

  • What makes the LEADERSHIP CONTINUITY LOOP so critical?

    Leadership Continuity loop in Visionary Companies

    The ability to groom leaders from within the company and make them world leaders is what makes Visionary Companies stand apart.

    Very few of these companies hire leaders from outside since this can lead to erosion of the existing company culture.

    Jim Collins mentions about the same in his best seller Built to Last.

    A true masterclass for all new age entrepreneurs for selecting their key leaders.

    Built to Last – Jim Collins
  • What is the CORE IDEOLOGY of VISIONARY COMPANIES?

    Demystifying the Core Ideology of Great Companies

    The insight has been adopted from Jim Collins’s best selling book Built to Last, illuminates us on the Core Ideology of all visionary companies.

    Built to Last – Jim Collins

    If you are in the process of building a company, nice food for thought.