Loading in 2 Seconds...
Loading in 2 Seconds...
Good to Great Chapter 4: Confront the Brutal Facts (But Never Lose Faith). Team 6 Will kerlick Molly Murdock Reece macdonald bRyan Fetterman John Fletcher.
Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.
Will kerlick Molly Murdock
“There is no worse mistake in public leadership than to hold out false hopes soon to be swept away” -Winston Churchill
Level 5 First Who Confront the HedgeHogCulture of Technology
Leadership Then What Brutal Facts ConceptDiscipline Accelerations
Facts are better then dreams
A climate where truth is heard
Unwavering faith amid the brutal facts
The Stockdale paradox
Lead with questions, not answers
Engage in dialogue and debate, not coercion
Conduct autopsies, without blame
Build red flag mechanisms
Intense dialogues, arguments, and debates often allow companies to iron out issues.
Ken Iverson of Nucor acted simply as a mediator for debates that turned Nucor from a nuclear business to a steel producer.
The process is more like a heated scientific debate, with people engaged in a search for the best answers.
Phillip Morris’s acquisition of 7UP was a complete failure, but executives aren’t ashamed of the downfall. Instead they talk about it and analyze the situation.
Dissect mistakes and learn from them as Phillip Morris did.
Do not place blame for failure, only search for understanding and learning
All companies in any given industry have the same access to information. The key, then, lies in turning information into information that CAN NOT be ignored
Red flags cause immediate attention to important information.
Stockdale paradox is the duality of stoically accepting the brutal facts and maintaining an unwavering faith.
It’s not the presence or absence of difficulty, but how you deal with the inevitable difficulties in life.
In adopting this duality you will dramatically increase your odds of making a series of good decisions and ultimately discovering a simple, yet deeply insightful concept for making really big choices.
Retain faith that you will prevail in the end, regardless of the difficulties.
AND at the
Confront the most brutal facts of your current reality,
Whatever they might be.
“Once you have that simple, unifying concept, you will be very close to make a sustained transition to breakthrough results.” -Jim Collins