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A Presentation by: Thomas Hutcheson, Kristina Giamportone , Stevie Kindler , Brittney McQuesten , and Kevin Jones. Thriving In Uncertainty. “Why do certain companies thrive in uncertainty and even chaos while others do not?”. What is a 10X Case .
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A Presentation by: Thomas Hutcheson, Kristina Giamportone , Stevie Kindler, Brittney McQuesten, and Kevin Jones
Thriving In Uncertainty • “Why do certain companies thrive in uncertainty and even chaos while others do not?”
What is a 10X Case • Positive results for 15+ years relative to the stock market • Results were achieved during uncontrollable events and turbulent times • Came from being a small and young business.
Amgen • American based Bio-pharmaceutical company, Largest independently owned company in industry. • Dynastic ERA 1980-2002 • Value of $10,000 Invested 4.5 Million • Performance relative to market 24X • Performance to industry 77.2X
Biomet • Medical device manufactures, specializing in reconstructive products. • Dynastic ERA 1977-2002 • Value of $10,000 Invested 3.4 Million • Performance relative to market 18.1X • Performance to industry 11.2X
Intel • Worlds largest semiconductor chip maker • Dynastic ERA 1968-2002 • Value of $10,000 Invested 3.9 Million • Performance relative to market 20.7X • Performance to industry 46.3X
Microsoft • Worlds largest software manufacturer • Dynastic ERA 1975-2002 • Value of $10,000 Invested 10.6 Million • Performance relative to market 56X • Performance to industry 118.8X
Progressive Insurance • American based Insurance company specializing in property, auto ,and casualty Insurance • Dynastic ERA 1965-2002 • Value of $10,000 Invested 2.7 Million • Performance relative to market 14.6X • Performance to industry 11.3X
Southwest Airlines • Worlds largest low cost carrier Airline • Dynastic ERA 1967-2002 • Value of $10,000 Invested 12 Million • Performance relative to market 63.4X • Performance to industry 550.4X
Stryker • Worlds leading medical technology and equipment company • Dynastic ERA 1977-2002 • Value of $10,000 Invested 5.3 Million • Performance relative to market 28X • Performance to industry 10.9X
6 Entrenched Myths Myths that are undermined by the research within this book.
Myth: Successful leaders in a turbulent world are bold, risk seeking visionaries. • Finding: No leader is capable of predicting the future. Instead they have the ability to figure out what works, why it works, and build off that foundation. They are more disciplined, empirical, and paranoid.
Myth: Innovation distinguishes 10X companies in a fast moving, uncertain, and chaotic world. • Finding: False, in some cases the 10X companies are far less innovative than their comparisons. It is the ability to scale their innovations or blend creativity with discipline.
Myth: A threat-filled world favors the speedy; you’re either the quick or the dead. • Finding: A company or leader that focuses on going “fast” will end up over doing themselves. Instead you need to find the right time to go fast, and when not to.
Myth: Great enterprises with 10X success have a lot more good luck. • Finding: The 10X did not have more luck. The question is not whether you have any luck, rather what you do with the luck that you get.
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