Turning The Flywheel Flashcards
The inexorable logic behind the flywheel
Each component drives the other, making it almost inevitable, igniting momentum
Essencial steps on recognizing your own flywheel
List success
List failures
Identify commonalities and where it may point to components
Sketch the flywheel as a logical sequence
Test it against your successes and failures
Test it against your hedgehog concept
How to accelerate momentum
Identify where you are at each component of the flywheel
The flywheel is limited by the weakest link in the chain
Improving that build momentum for the whole flywheel
Keeping the flywheel: sustain and renew
Keep the flywheel spinning
Keep renewing and innovating on each component
Expanding the flywheel
Fire Bullets and then Cannonballs
Experiment new lines to expand the flywheel
And create a hedge against uncertainty
The Five Steps Of Demise Of Companies
1- Hubris born of success 2- Undisciplined pursuit of more 3- Denial of risk and peril 4- Grasping for Salvation 5- Capitulation to Irrelevance or Death
Doom loop
Downward spiral
Keep search for the next big thing That will fix everything
Losing discipline from the flywheel
The role of discipline on being great
Having disciplined people, with disciplined thought and disciplined action
4 stages from good to great
Disciplined people
Disciplined thought
Disciplined action
Built to last
Disciplined people
Level 5 Leadership
First who then what
Disciplined thought
Genius of AND
Confront the brutal facts
Hedgehog Concept
Disciplined action
The Flywheel
The 20 mile march
Fire bullets then cannonballs
Build to last
Productive paranoia
Clock building, not time telling
Preserve the core, stimulate progress
What’s greatness
Superior results
Return on investment and achieving its purpose
Distinctive impact
Makes an unique contribution
If it disappeared, who would miss it and why?
Lasting endurance
Prosper for a long time, independent from a line of business
