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Great by Choice - Summary

Great by Choice - Summary. Team 3 – Paige Adams, Laura Freeman, Hayley Jacobs, Daniel Lawson, Gage Mitchell, Haley Smith. Beat industry index by at least 10x Don’t complain and they don’t blame Display the following leadership characteristics: Fanatic Discipline Empirical Creativity

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Great by Choice - Summary

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  1. Great by Choice - Summary Team 3 – Paige Adams, Laura Freeman, Hayley Jacobs, Daniel Lawson, Gage Mitchell, Haley Smith

  2. Beat industry index by at least 10x • Don’t complain and they don’t blame • Display the following leadership characteristics: • Fanatic Discipline • Empirical Creativity • Productive Paranoia 10xers: What defines them

  3. Clear Performance Markers • Self-imposed constraints • Tailored to the enterprise and its environment • Largely within the company’s control • “Goldilocks” time frame • Designed and self-imposed by the enterprise • Achieved with great consistency 20 Mile March (Fanatic Discipline)

  4. Based on actual facts and tests • Needs to be tested before entering the market • Bullet = low cost, low risk, low distraction • Nike ID • Make sure your cannonballs are calibrated Fire Bullets, then Cannonballs (Empirical Creativity

  5. Key Dimensions: • Build Cash reserves and buffers • Bound risk: death line, asymmetric, and uncontrollable • Zoom in, then zoom out Leading above the Death Line (Productive Paranoia)

  6. Four possible scenarios: • Great return on good luck • Poor return on good luck • Great return on bad luck • Poor return on bad luck • Luck (good or bad) is non-discriminatory • It goes both ways for all types of companies Return on Luck

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