Great By Choice: Uncertainty, Chaos & Luck - Why Some Thrive Despite Them All By Jim Collins & Morten T. Hansen

  

𝗚𝗿𝗲𝗮𝘁 𝗕𝘆 𝗖𝗵𝗼𝗶𝗰𝗲: 𝗨𝗻𝗰𝗲𝗿𝘁𝗮𝗶𝗻𝘁𝘆, 𝗖𝗵𝗮𝗼𝘀, 𝗔𝗻𝗱 𝗟𝘂𝗰𝗸--𝗪𝗵𝘆 𝗦𝗼𝗺𝗲 𝗧𝗵𝗿𝗶𝘃𝗲 𝗗𝗲𝘀𝗽𝗶𝘁𝗲 𝗧𝗵𝗲𝗺 𝗔𝗹𝗹 (𝗚𝗼𝗼𝗱 𝗧𝗼 𝗚𝗿𝗲𝗮𝘁, 𝟱) 𝗕𝘆 𝗝𝗶𝗺 𝗖𝗼𝗹𝗹𝗶𝗻𝘀 & 𝗠𝗼𝗿𝘁𝗲𝗻 𝗧. 𝗛𝗮𝗻𝘀𝗲𝗻

 

𝗚𝗿𝗲𝗮𝘁 𝗕𝘆 𝗖𝗵𝗼𝗶𝗰𝗲 :- https://amzn.to/3xRlGZ5

 

“Great by Choice: Uncertainty, Chaos, and Luck—Why Some Thrive Despite Them All” by Jim Collins and Morten T. Hansen delves into what makes certain companies thrive in chaotic and uncertain environments while others fail. 

 

Top 11 Most Important Points & Lessons From The Book :

 

~ 1. The 10Xers:

The book introduces the concept of 10Xers, leaders who build companies that outperform their industry’s index by at least 10 times. These leaders exhibit fanatic discipline, empirical creativity, and productive paranoia, setting them apart from their less successful counterparts.

 

~ 2. Fanatic Discipline:

10Xers maintain a consistent approach, adhering to strict performance standards regardless of external conditions. This discipline is crucial in navigating unpredictable environments and achieving sustained success.

 

~ 3. Empirical Creativity:

Successful leaders rely on empirical evidence and data-driven decisions rather than trends or untested ideas. They conduct small-scale experiments to validate their strategies before scaling them up, ensuring that their innovations are grounded in reality.

 

~ 4. Productive Paranoia:

Constant vigilance and preparation for potential threats characterize 10X leaders. They always consider worst-case scenarios and maintain ample reserves, whether in cash, resources, or strategic options, to buffer against unexpected shocks.

 

~ 5. Level 5 Ambition:

Combining personal humility with professional will, Level 5 leaders are fiercely ambitious, not for themselves but for their organizations. Their selfless drive and relentless focus on the company’s success are pivotal in building resilient enterprises.

 

𝗚𝗿𝗲𝗮𝘁 𝗕𝘆 𝗖𝗵𝗼𝗶𝗰𝗲 :- https://amzn.to/3xRlGZ5

 

~ 6. 20 Mile March:

This principle emphasizes the importance of consistent progress over hitting big goals sporadically. Companies that thrive set steady, attainable targets and achieve them consistently, regardless of external circumstances, ensuring long-term success and stability.

 

~ 7. SMaC Recipe:

A SMaC (Specific, Methodical, and Consistent) recipe is a set of durable operating practices that guide an organization. These practices are clear, actionable, and often unchanged over a long period, providing a stable framework for decision-making and operations.

 

~ 8. Return On Luck:

The concept of 'Return on Luck' highlights that great companies make the most of their luck, good or bad. It’s not the amount of luck that determines success, but how well companies exploit or mitigate the impact of these events.

 

~ 9. Fire Bullets, Then Cannonballs:

Successful companies first experiment with low-risk, low-cost initiatives ('bullets') to test ideas. Once they find what works, they then invest heavily ('cannonballs') to scale those successful initiatives. This approach minimizes risk and maximizes return on investment.

 

~ 10. Leading Above The Death Line:

The idea here is to avoid catastrophic risks that could jeopardize the company’s survival. Companies must be acutely aware of their risk threshold and avoid pushing themselves to the brink, ensuring they can survive and thrive in turbulent times.

 

𝗚𝗿𝗲𝗮𝘁 𝗕𝘆 𝗖𝗵𝗼𝗶𝗰𝗲 :- https://amzn.to/3xRlGZ5

 

~ 11. Greatness Is A Choice:

The underlying message of the book is that achieving greatness is a matter of conscious choice and disciplined action. Companies and leaders that thrive do so by making deliberate, well-informed choices and executing them with unwavering commitment, regardless of external pressures.

 

~ Conclusion:

“Great by Choice” offers a blueprint for achieving sustained success in an unpredictable world. By embodying the principles of fanatic discipline, empirical creativity, productive paranoia, and more, leaders can steer their organizations to greatness, making informed choices and maintaining consistency amidst chaos.

 

𝗚𝗿𝗲𝗮𝘁 𝗕𝘆 𝗖𝗵𝗼𝗶𝗰𝗲 :- https://amzn.to/3xRlGZ5

 

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