Home Management and Leadership

Turning the Flywheel

Jim Collins

Turning the Flywheel

11min

11min

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In Turning the Flywheel the author delves into the concept of the flywheel, already presented in a chapter of his book Good to Great. For a business, a company or any type of organization to be successful, the flywheel strategy must be implemented. This is a set of actions that accelerate the organization's momentum towards success, just like a flywheel in mechanics. Using the  examples of  Amazon and Apple, the author explains how to create a successful flywheel effect.

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Analysis and key concepts

01.

The "flywheel" as the basis of the concept of success

02.

The four stages of a successful and lasting business

03.

First stage: disciplined staff

04.

Second stage: disciplined thinking

05.

Third stage: disciplined actions

06.

How to create the right flywheel for your organization

07.

Fourth stage: innovating the flywheel

08.

Flywheel innovation

09.

Extend the flywheel

10.

What is success and what is it determined by

11.

Quotes

12.

Take-home message

01. The "flywheel" as the basis of the concept of success

This monograph is aimed at exploring the concept of the "flywheel" of a company and understanding how this can be one of the mechanisms underpinning the success of any business, which the author addresses in one of the chapters of the book Good to Great. Through his research on the reasons for a company's success, Collins has discovered that it is not a precise moment or action that defines it, but it is more an accumulation of small pushes in the right direction, which gain momentum towards a successful result; precisely like constantly pushing a flywheel, it will generate an impulse that will make it move faster and faster.

02. The four stages of a successful and lasting business

03. First stage: disciplined staff

04. Second stage: disciplined thinking

05. Third stage: disciplined actions

06. How to create the right flywheel for your organization

07. Fourth stage: innovating the flywheel

08. Flywheel innovation

09. Extend the flywheel

10. What is success and what is it determined by

11. Quotes

12. Take-home message

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Many useful tips to:

  • Understand what the flywheel effect is.
  • Understand how the flywheel effect can be one of the mechanisms that underpins a company's success.
  • Learn how to create and operate the flywheel of a business.

Jim Collins is an American author and teacher in the fields of sustainability and business growth. He began his career as a researcher and lecturer at Stanford University's Graduate School of Business, where he received the Distinguished Teaching Award in 1992. In 1995 he founded a management laboratory in Boulder, Colorado.

Collins is the author or coauthor of six books based on his research, including the classic "Built to last" which has been translated in 25 languages. His books have sold 2.5 million copies and have been translated into 32 languages.

Publishing house:

Harper Business

Year:

2019

Pages:

46

ISBN:

978-0062933799