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BOOK MARK

"Great by Choice": Uncertainty, Chaos, and Luck--Why Some Thrive Despite Them All 

Author:
Jim Collins
Morten T. Hansen

Price :11.99$

Will you choose greatness?

In Collins' new book he relies on the method you've seen in previous books like Built to Last and Good to Great. What's different in this one is he selected companies not just on their status or explosive growth, but because they succeeded in an extreme and uncertain environment. However, there's a caveat here: his research stopped in 2002, meaning there's no thorough analysis of how companies performed in the last 10 years. Collins and Hansen believe the future will be unstable and environments will be extreme for the rest of "our lives". So, they try to analyze company performance/greatness within the context of difficulty.
Summary of each chapter/section.

1 - THRIVING IN UNCERTAINTY 
Collins and Hansen explain what the method for their book (what I described above), including the definition of a 10Xer, which is a company that beat their industry by 10 fold. Just 7 companies were selected as a 10X case out of 20,400 companies. The seven are Amgen, Biomet, Intel, Microsoft, Progressive Insurance, Southwest Airlines, and Stryker. They don't include Apple because their research lens of Apple vs. Microsoft focused primarily on the 1980s and 1990s (remember they stopped collecting data in 2002), which makes no sense to me. The present environment (the one in which Apple has exploded) is a far more difficult climate than the 80s-90s.

2 - 10Xers 
Example of a 10xer is Southwest airlines, whose growth since 1972 is greater than that of Walmart, despite this period being a particularly harsh one for the airline industry. Anecdotes describe historic examples of 10xers and explains they aren't more creative, more visionary, more charismatic, or more ambitious, more blessed by luck, more risk seeking, more heroic, or more bold. The glaring fact that Apple is missing goes against this model, as Jobs and company were many of these things. 

3 - 20 MILE MARCH 
Here they introduce discipline as the key that sets 10Xers apart (hence the 20 mile march). 10Xers are focused on data with GREAT discipline and stick to their plan, like a 20 Mile March.

4 - FIRE BULLETS, THEN CANNONBALLS 
10Xers were not more innovative than the control companies; indeed, they were considered less innovative in some comparisons. 10Xers scale innovation (firing bullets) and then the fire cannonballs once they know what's on target. 

5 - LEADING ABOVE THE DEATH LINE 
Explains "productive paranoia," the idea that you need to build cash reserves and buffers, bound your risk, and show flexibility in looking at macro and micro factors at play in your business and industry.

6 - SMaC 
SMaC stands for Specific, Methodological, and Consistent. The more uncertain your environment, the more SMaC you need to be. A SMaC recipe is a set of durable operating principles and practices that create a replicable and consistent success formula.

7 - ROL (RETURN ON LUCK) 
10Xers weren't more lucky or unlucky than comparisons. They had better ROL because they took full advantage of good luck and minimized the effects of bad luck.

 

Why some businesses succeed and why some don't?

This was a great business book to read if you are interested why some businesses succeed regardless of turbulent operational environment, global competition, economic depression, and fast pace of technology. 
The author has taken some examples like South West airlines and Wall-mart to show why he thinks they succeed regardless of the economic hardship and unemployment situation. Some people and some companies seem to be able to predict the future and how to be successful. 

Why do some companies thrive in uncertainty, even chaos, and others do not? Jim and coauthor Morten Hansen describe the principles how to create a great business regardless of the surrounding environment. 

The chapters are: Thriving in Uncertainty, 10Xers, 20 Mile March, Fire Bullets Then Cannonballs, Leading above the Death Line, SMaC, Return on Luck, and Epilogue: Great by Choice. 
This book has partly same topic as the previous one of the same author (Collins), except some new findings were introduced: (1 The best leaders are more disciplined, more empirical, and more paranoid. 
2 "fast decisions" and "fast actions" are not good in today's world. 
(3)Fast change is not always needed: The continuously successful companies changed less than the comparison companies even if the surrounding environment changed fast. 

 

 


 
 
 
 
 
 
 
 
 
 
 
 
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Change Gears  
Weekly eZine                               Issue No.387: Dt:06-11-2011

From the Editor's Desk Quotes of the Week Spiritual Centre Story Time Inspirational Words Time to Smile New Initiatives by Seechange

From the Editor's Desk

 

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S. Prakash
CG Editor, See Change's CEO & Corporate Success Coach

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The awesome power of goals by Gary Ryan Blair

Success is the intentional, premeditated use of choice and decision. Unless you choose – with certainty – what it is you want, you accept table scraps by default!

The world is plump with opportunity. With boldness and conviction, stick a fork into the goals you want by being decisive.

You are born with great capabilities, but you will not achieve your potential until you call upon yourself to fulfill it. You will rise to the occasion when it presents itself; yet, to assure self-fulfillment, you must provide occasions to rise to. Clearly defined goals allow you to travel toward another horizon that represents the end of one experience and the transition to a new and better existence. The objective is to choose the right goals, and then to create the necessary causes – the effects will follow!

The difference between what one person and another achieves depends more on goal choices than on abilities. The profound differences between successful people and others are the goals they choose to pursue. Individuals with smaller talents, intelligence, and abilities will achieve different results because they select and pursue different goals.

Each decision affects what you become. We form our decisions and our decisions form us. There is no escaping this; the smallest choices are important because – over time – their cumulative effect is enormous.

Never overlook the obvious: The nature and direction of your life change the instant you decide what goals you want to pursue.

Once you make a decision, you start down a path to a new destination. At the moment the decision is made, your decision to pursue a goal alters what you are becoming. Just one spin of the lock’s dial – a single choice – can alter your life, your destiny, your legacy.

Think about it – your goal decisions represent and express your individuality. You seal your fate with the choices you make. You define yourself by your decisions.

Your dialogue with success is ultimately a solo one. Decisions and goals made must be your own if you are to call your life a success.

Always establish the best goals you can. Goals are the seeds of success – you become only what you plant. The quality of your harvest is a direct reflection of the quality of your seeds-your decisions!

_______________________________________________________

Have you thought of "Empowering your Employees and hence Empowering Your Organisation"? See Change Consulting has a wide range of services for you to choose from:

1. Soft Skills Enhancement Training Programs (Around 30 Modules)

2. Sales Training Programs (Basic, Advanced and Negotiation Techniques).

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8. NLP Techniques and NLP Based Training Programs.

9. Corporate Health Checkup Services, CEO Counseling & Business Process Re-engineering Services.
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Indecision is the big eraser of opportunity and potential. Risks and costs accompany every decision; however, the price of decision is far less than the long-range risks and costs of comfortable inaction. When it comes to decisiveness, squatters have no rights.

Everyone has an official wish list of things they think are “reasonable”. What about the unofficial wish list? The one that common sense tells you to ignore? The list that exists deep in your mind, the list that keeps you up at night, that makes your toes wiggle when you think of it? Why not choose that list for a change?

How long have you dreamed of being, having, and doing what you really want? Think big, as when it comes to your goals, the size of your ambition does matter.

 


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Quotes of the Week

"I don't know the key to success, but the key to failure is trying to please everybody." - Bill Cosby

"Thought is useful when it motivates for action, and a hindrance when it substitutes for action." - Bill Raeder

"A single question can be more influential than a thousand statements." - Bo Bennett

"A bank is a place that will lend you money if you can prove that you don't need it." - Bob Hope

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*Please note that due to high volume of emails, replies to this email can not be handled individually. If you need an individual response, please direct your mail to info@seechangeworld.com

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From the Editor's Desk Quotes of the Week Spiritual Centre Story Time Inspirational Words Time to Smile New Initiatives by Seechange
Spiritual Centre

Choices

It is very difficult to make choices in life. I think this is the cause: instead of choosing wisely, we choose with our desire; therefore things go wrong. Of course, there is also the spiritual idea, or opinion, which I consider to be true, that there is really no choice as long as we are bound by our samskaras, because they push us in the only direction they can, which is what we have created for ourselves in the past. So, spiritually speaking, until the samskaras have been cleaned off, the question of choice does not arise at all. After that, one must learn to choose wisely, and if both things are done, then the problem of choice is no more a difficulty.

Shri. P. Rajagopalachari, President, Shri Ram Chandra Mission -http://www.sahajmarg.org 

From the Editor's Desk Quotes of the Week Spiritual Centre Story Time Inspirational Words Time to Smile New Initiatives by Seechange
Story Time - The Most Magnificent Mosque

The citizens of Cordoba lived in the most beautiful city in the world. They were extremely proud of the Great Mosque, which stood right in the middle of their city. Not only was the mosque wonderful, but it was surrounded by glorious gardens full of scented orange trees, sparkling fountains and flowers of every colour. The Cordobans used to sit in the garden and think they were in Paradise itself. The only problem was three naughty boys: Rashid, who was a Muslim, Samuel who was Jewish, and Miguel who was Christian.

They ran in and out of the fountains, they jumped over the flowerbeds. They used to hide in the gardens and throw ripe oranges at anyone they saw. The gardeners Ibrahim and Yacoub tried to catch boys, but the three friends were too fast for them. One day, the boys were dropping oranges on people as they came out of the mosque. A particularly rotten orange dropped at the feet of a man in grand clothes.

“Oh no!” cried Rashid. “It’s the Caliph himself. Run for it!” The three boys tried to escape, but the Caliph’s soldiers grabbed them and brought them before the Caliph. “Caught at last,” smiled Ibrahim the gardener, “and by the Caliph’s men!” Yacoub rubbed his hands together. “They’re for it now. They’ll get ten lashes at least.” “So, young masters, you would throw oranges at your Caliph, would you?” “We didn’t know it was you, O Great One,” whispered Rashid.

“Have you done this before?” asked the Caliph sternly. All the three boys looked miserably at their feet and nodded. “Every day, Your Magnificence,” cried the gardeners. “These three boys are the bane of our lives.” “Well,” said the Caliph, trying hard not to smile, “I can see you will have to be severely punished. I sentence you to work in these gardens every day for three months…” So the three boys spent three whole months planting and weeding and watering and trimming. Yacoub and Ibrahim worked them until they dropped. After work, the three hot and tired friends would wander through the cool mosque.

“I never saw such a beautiful building,” whispered Miguel. “It is much more magnificent than our church.” “Or my synagogue,” sighed Samuel. “Wondrous and fair indeed.” “Truly our mosque is a house of God,” said Rachid.

As the three friends grew up, they saw less and less of each other. Rashid studied medicine and became a famous doctor. Samuel travelled far and wide trading in spices and silk. He kept a diary telling of his travels and wrote poetry of great beauty. Miguel inherited his father’s farm. He became a great land-owner and was known for his kindness and the lively songs he sang. The Caliph grew old and enemies began to attack Cordoba from every side. In the end, he was defeated in a great battle by the Christian king Fernando.

Miguel, who was now the most important man in Cordoba, went to greet his new king. “Don Miguel,” cried the king, “take me to the Great Mosque, of which I have heard so much.” “With pleasure, Sire,” said Miguel. “It is the pride and joy of all citizens of Cordoba – Muslim and Jew alike.” The king looked at the mosque. “It is indeed a most magnificent mosque,” said the king, and he sighed. “But this is to be a Christian city and we shall build a great cathedral on this site. The mosque must be pulled down.”

That night, Miguel invited Samuel and Rashid to dinner. “My dear old friends, I have terrible news. The king plans to pull down our beloved mosque.” “What about our wonderful gardens?” asked Samuel and Rashid. “They too will go.” “What can we do?” cried Rashid, burying his head in his hands. “We three must go to the king,” said Samuel, “and tell him how precious the mosque is to everyone in Cordoba.”

The next day, the people of Cordoba packed into the town square to see the king. “I am here to plead for our mosque on behalf of all the Christians of Cordoba,” cried Miguel. Everyone cheered. “I am here on behalf of the Jews of Cordoba,” said Samuel. “Quite right!” shouted the crowd. “And Sire, I speak for the Muslim citizens. Spare our mosque!” cried Rashid. Everyone cheered even louder.

“Well, well,” said the king. “Three communities with one voice. I can see that I will have no friends if I pull down your mosque.” He thought for a moment. Then he said, “I will build a church in a small part of the mosque, but the rest of the building and the gardens shall belong to all of you good people of Cordoba.” Cheers echoed throughout the square.

So the Great Mosque was left for future generations to enjoy and wonder at. It is still there today, and millions of people visit it every year. Many sit in the gardens and enjoy the shady trees and sweet-scented blossom – and a few visitors say they have even seen the ghosts of three naughty boys running in and out of the fountains.

From the Editor's Desk Quotes of the Week Spiritual Centre Story Time Inspirational Words Time to Smile New Initiatives by Seechange

Inspirational Words

"When the student is ready the teacher will appear." - Buddhist Proverb

"Everything that irritates us about others can lead us to an understanding of ourselves." - Carl Jung

"Happiness is the absence of striving for happiness." - Chang-Tzu

"The difference between a democracy and a dictatorship is that in a democracy you vote first and take orders later; in a dictatorship you donÂ’t have to waste your time voting." - Charles Bukowski

"Good judgment comes from experience, and experience comes from bad judgment." - Barry LePatner

"Perfection is achieved, not when there is nothing more to add, but when there is nothing left to take away." - Antoine de Saint-Exupry

"He who does not long for joy in joy Will not suffer sorrow in sorrow. He who does not distinguish pain from pleasure Becomes so distinguished even enemies hope to pay homage." - Tirukkural 63: 629-630

"It is through not understanding, not penetrating four things that we have run so erratically, wandered on so long in this round of existence, both you and I. What are the four? Goodness, concentration, wisdom, and liberation. When these four things are understood and penetrated, craving for superficial existence is rooted out and that which leads to continued return to the same conditions is ended. There is no more constant journeying." - Digha Nikaya

"When I despair, I remember that all through history the ways of truth and love have always won. There have been tyrants, and murderers, and for a time they can seem invincible, but in the end they always fall. Think of it--always." - Mahatma Gandhi

"True religion is the life we live, not the creed we profess." - J.F. Wright

"Golf without bunkers and hazards would be tame and monotonous. So would life." - B.C. Forbes

 

From the Editor's Desk Quotes of the Week Spiritual Centre Story Time Inspirational Words Time to Smile New Initiatives by Seechange
Time to Smile

Life is Like That

What Did the Cannibal Say…

Q. What did the cannibal say when he came upon a sleeping missionary.

A. "Ah! Breakfast in bed." ***

The End Is Near!

A local priest and a pastor were fishing on the side of the road. They thoughtfully made a sign saying, "The End is Near! Turn yourself around now before it's too late!" and showed it to each passing car. One driver who drove by didn't appreciate the sign and shouted at them, "Leave us alone, you religious nuts!"

All of a sudden they heard a big splash, looked at each other, and the priest said to the pastor, "You think maybe we should have just said 'Bridge Out' instead?"

 

From the Editor's Desk Quotes of the Week Spiritual Centre Story Time Inspirational Words Time to Smile New Initiatives by Seechange

New Initiatives by Seechange

SCC has created a new wing which provides placement services.

For Further details contact Mr. M. K. Anand @ +91 94440-25283 (or) Email to anand@seechangeworld.com

From the Editor's Desk Quotes of the Week Spiritual Centre Story Time Inspirational Words Time to Smile New Initiatives by Seechange

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