Great by Choice - Deepstash

Bite‑sized knowledge

to upgrade

your career

Ideas from books, articles & podcasts.

published 12 ideas

Great by Choice

Great by Choice

by Jim Collins, Morten T. Hansen

Jim Collins

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

57

STASHED IN:

154

  1. Preparation keeps companies alive when the unknown creeps into our lives.
  2. The businesses that will make it through tough times look at the facts and prepare with a worst-case scenario mindset.
  3. 10X companies reach their goals year after year, despite w...

23

STASHED IN:

143

Qualities of a 10X leader

Best leaders (10X) do not predict the future

  • They observe what worked and why that didn't and build their company around those foundations
  • They are Not more risk-taking, bold, or visionary, more disciplined, empirical, and paranoid.
  • They can able to scale innova...

36

STASHED IN:

156

Jim Collins

"Freely chosen, discipline is absolute freedom."

35

STASHED IN:

142

Shows regularity of action; rejects pressure to conform in ways incompatible with values, performance standards, and long-term aspirations

  • 20-Mile March: The first man to reach the South Pole, Norwegian Roald Amundsen, marched about 20 miles on calm days, and about 20 ...

28

STASHED IN:

149

Jim Collins

“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.  ...

15

STASHED IN:

134

#2 Empirical Creativity

During times of uncertainty, look at the empirical evidence, not to other people; rely on direct observation and practical experimentation and build a deeper empirical foundation for decisions and actions.

  • Fire bullets, then fire cannonballs: First wor...

23

STASHED IN:

145

Jim Collins

"Go slow when you can, fast when you must."

27

STASHED IN:

146

#3 Productive Paranoia: Leading Above the Death Line

10X winners always assume that conditions can change, violently and fast.

1. Extra oxygen canisters (big margins of safety in cash reserves)

2. Bounding risk

  • Avoid “Death Line risk” that could kill or severely damage the enterprise...

17

STASHED IN:

144

Create and use a SMaC recipe to execute your strategy: Specific, Methodical, and Consistent.

  • Operating instructions - includes both Dos and Don'ts
  • Be stoic about what you cannot control but exert extreme control when you can - be SMaC!
  • ...

15

STASHED IN:

142

The Role of Luck:

“The environment doesn’t determine why some companies thrive in chaos and why others don’t. People do.”

Who luck (the luck of finding the right mentor, partner, teammate, leader, friend) is one of the most important types of luck.

The real difference between the 10X ...

12

STASHED IN:

136

#4 Level 5 Ambition

Try to channel the ego and intensity into something larger and more enduring than yourself - focus on your cause, your company, your work; Choose goals by impact, contribution, and purpose if you want to attract others to help.

18

STASHED IN:

137

0 Comments

Discover and save more ideas by creating a

FREE

Deepstash account.

Develop a

reading habit

, save

time

and create an amazing

knowledge library

.

GET THE APP:

MORE LIKE THIS

Corporations need to change at the pace and scale of the capital markets in order to stay competitive. This is accomplished not only by creating new businesses and products, but also through paring off functions that no longer facilitate growth.

24 IDEAS