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”
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. “
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.”
Adopted from Jim Collins’s book Good To Great illustrates this framework commonly referred as the Stockdale Paradox
Level 5 leaders are great visionary leaders who have the ability to transform good organizations to great organizations, as mentioned by Jim Collins in his book Good to Great
The following snapshot , adopted from Good to Great, in a very lucid manner illustrates the same..
All great organizations are guided by the following paradox wherein through sevre perseverence they have faith to prevail over all difficulties by confronting brutal facts
Adopted from Jim Collins’s book Good to Great , the following snapshot illustrates the Stockdale Paradox
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
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.
“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.
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.