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).”
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.
Very nice insight that Jim Collins has shared from his book Built to Last.
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
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.
The new joiners in Disneyland are imparted training in a very special manner. The essence of role play in the training gives each new joiner a sense of responsibility. This in turn goes a long way in ensuring the high performance of these new joiners.
Jim Collins makes a mention of the same in his book Built to Last. If you are designing a training curriculum, this post will give you food for thought.