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The Delusion of Lasting Success
Almost all high-performing companies regress over time. The promise of a blueprint for lasting success is attractive but not realistic.
Success is transitory, and many companies that have outperformed in the past, won't do so in the future. A company cannot be successful forever on the basis of a few traits. Many external and internal factors affect a company and the company has to continually work towards achieving short-term and long-term success.
101
432 reads
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Delusion of Organisational Physics
The study of corporate performance is not a science like physics. We wrongly believe that there are certain rules or a formula for success and if a company follows the rules or the steps of the formula, it will see all its goals being achieved. But in the real world, succ...
104
345 reads
The Delusion of Connecting the Winning Dots
If we pick a number of successful companies and search for what they have in common, we’ll never isolate the reasons for their success, because we have no way of comparing them with less successful companies.
By looking only at companies that perform well, we can never ...
105
553 reads
The Delusion of Single Explanations
Success cannot be usually attributed to one factor.
Many studies show that a particular factor—strong company culture or customer focus or great leadership—leads to improved performance.
But since many of these factors are highly correlated, the effect of each one is...
106
662 reads
Business Delusions
Our thinking about business is shaped by a number of delusions - ones that distort our understanding of company performance, that make it difficult to know why one company succeeds and another fails.
These errors of thinking pervade much that we read about business, whethe...
112
1.4K reads
The Delusion of Rigorous Research
If your data sources are corrupted by the halo effect, it doesn't matter how much data you have gathered, or how sophisticated your methodology was.
Data quality and quantity are equally important when it comes to research. If one takes a wrong assumption and backs it up wi...
104
499 reads
The Delusion of Correlation and Causality
Just because two sets of things are correlated does not mean that one causes the other to happen. Sometimes one might cause the other to happen. But we won't know which of them is the trigger. Maybe, another separate thing might be influencing both of them to happen. It is also possible that ther...
116
717 reads
The Halo Effect
This is our tendency to make inferences about specific traits on the basis of a general impression.
In the business world, it refers to the tendency to look at a company’s overall performance and make attributions about its culture, leadership, values, and more.
115
1.01K reads
The Delusion of the Wrong End of the Stick
It may be true that successful companies often pursued a highly focused strategy, but that doesn’t mean highly focused strategies often lead to success.
Some companies have a focused strategy and some change their strategy based on competition, market, and internal factors. Some are success...
103
333 reads
The Delusion of Absolute Performance
Company performance is relative, not absolute. A company can improve and fall further behind its rivals at the same time.
A company’s performance should be measured relative to other similar companies’ performance as it is a competitive environment. Measuri...
104
402 reads
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The Delusion of the Wrong End of the Stick
It may be true that successful companies often pursued a highly focused strategy, but that doesn’t mean highly focused strategies often lead to success.
Some companies have a focused strategy and some change their strategy based on competition, market, and internal factors. Some are success...
The Delusion of Single Explanations
Success cannot be usually attributed to one factor.
Many studies show that a particular factor—strong company culture or customer focus or great leadership—leads to improved performance.
But since many of these factors are highly correlated, the effect of each one is...
The Optimal Level of Stress
Whether it is the stress that is taken by schoolchildren or workplace challenges, we have to find an optimal level where there is just the right amount of pressure. There is a balance that has to be achieved for stress levels (which comes from external factors) and anxiet...
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