Earlier this year brought Jim Collin’s monograph to his iconic bestseller, Good to Great book. Titled, Turning the Flywheel , Collins explains why some companies build momentum and some don’t. Eighteen years after writing Good to Great , Collins delves deep into the flywheel approach and how successful flywheels grow through four key stages – Through: Disciplined People Disciplined Thought Disciplined Action Building to Last “One you get your flywheel right, you want to renew and extend that flywheel for years to decades – decision upon decision, action upon action, turn by turn – each loop adding to the cumulative effect,” explains Collins. One good flywheel example is Amazon’s, discovered in 2001: lower prices led to more customer visits, which increased sales volume, which attracted more third-party sellers, which boosted efficiency . “Look closely at any truly sustained great enterprise and you’ll likely find a flywheel at work, thoug...
Sharing tips, ideas and techniques for leaders and managers for the past 16 years.