Back

📖 DAILY BOOK SUMMARIES 📖 🔗 DIRECT FREE E-BOOK DOWNLOAD LINK AVAILABLE — https://drive.google.com/file/d/1646CYOqBkpvM4FLYjX4tktzgSHbTLIkh/view?usp=drivesdk 🔥 Great By Choice 🔥 🚀 20 Lessons By 👉 ✨ Jim Collins And Morten T.Hansen ✨ 1. 10X Leaders: • Successful leaders, or “10Xers,” demonstrate discipline, creativity, and courage, outperforming peers in volatile environments. 2. 20 Mile March: • Consistent, steady progress (not too fast, not too slow) is more effective than rapid, erratic growth. Successful companies set clear goals and stick to them, regardless of conditions. 3. Empirical Creativity: • Great leaders make decisions based on empirical evidence rather than relying solely on conventional wisdom or intuition. 4. Productive Paranoia: • Thriving leaders prepare for crises before they happen, maintaining strong risk awareness and keeping resources in reserve. 5. SMaC (Specific, Methodical, and Consistent) Recipe: • Successful companies develop and stick to a clear, methodical plan, adapting only when there's strong evidence to support a change. 6. Level 5 Ambition • Leaders demonstrate both humility and relentless determination, focusing on the company’s success rather than personal gain 7. Return on Luck • Instead of relying on luck, 10Xers maximize opportunities when luck (good or bad) appears, making the most of favorable situations 8. Fanatical Discipline • Successful leaders maintain an unbreakable commitment to their goals and standards, especially in turbulent times 9. Self-Responsibility • Companies and leaders accept responsibility for their outcomes rather than blaming external factors 10. Adaptability within Boundaries • Great companies balance consistency with the flexibility to adapt, innovating only within a clear framework that aligns with their core mission. 11. Obsessive Preparation • 10X leaders rigorously prepare for the worst, ensuring their teams are ready to face unexpected challenges 12. Fire Bullets, Then Cannonballs • Experiment first with small, low-risk actions (“bullets”) to test ideas. When evidence shows they work, invest heavily (“cannonballs”) to scale them 13. Preserve the Core, Stimulate Progress: • Maintain core values and mission, but constantly drive progress and improvements in alignment with these core principles 14. Comparison to Control Groups • Collins and Hansen studied companies that thrived by comparing them to similar but less successful companies, highlighting strategies that led to sustained success 15. Data-Driven Decision-Making • Great leaders rely on data to drive decisions, reducing reliance on emotion or trend-following 16. Calibrated Risk-Taking: • Successful companies take calculated risks, carefully assessing potential downsides and outcomes 17. Passionate Commitment to Excellence: • 10X leaders set high standards and maintain a commitment to excellence, inspiring similar dedication in their teams