return on luck great by choice - ch. 7group 5
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Return on Luck Great by Choice - Ch. 7Group 5. Courtney Ellis Roberto Padilla Glen Lesly Casey Harvey Mason Stone Julio Garcia Travis TempEL Miguel Medrano. Chapter Overview. What is a Luck Event? Malcolm Daly and Jim Donini story -- and was the success Luck or Skill - PowerPoint PPT PresentationTRANSCRIPT
Return on LuckGreat by Choice - Ch. 7Group 5
COURTNEY ELLIS
ROBERTO PADILLA
GLEN LESLY
CASEY HARVEY
MASON STONE
JULIO GARCIA
TRAVIS TEMPEL
MIGUEL MEDRANO
Chapter Overview What is a Luck Event?
Malcolm Daly and Jim Donini story -- and was the success Luck or Skill
Different Luck Events
Are 10Xers luckier than comparisons?
ROL scenarios and what contributes to Great ROL
Who is your best luck
Luck is not a strategy
Underarmour's Return on Luck so far
What is a Luck Event?1. Some significant aspect of the event
occurs largely independent of the actions of the key actors in the interprise.
2. The event has a potentially significant consequence (good or bad)
3. The event has some element of unpredictability.
Ex: The Story of Malcolm Daly and Jim Donini
Luck or Skill Bad luck- Daly lost his grip on the mountain. Good luck- Rope was not cut all the way through. Good luck- Daly did not die. Good luck- Daly did not kill Donini as he fell from
the top of the mountain. Good luck- Donini reached base camp just as
Paul was flying by. Good luck- The rescue team got to Daly before
the raging storm.
Skill - Daly made a plan to live. He had to stay warm.
He had a regimen to do a 100 windmills with each arm.
He did stomach crunches 100 at a time.
He had the stamina to do this for 44 hours.
Luck or Skill
Luck EventsGood, High Importance
Bad, High Importance
Good, Medium
Importance
Bad, Medium
Importance
Good, Low Importance
Bad, Low Importance
Possible ROL Scenarios 1. Great Return on Good Luck
2. Poor Return on Good Luck
3. Great Return on Bad Luck
4. Poor Return on Bad Luck
Great ROLThe Leadership Concepts:
1. Fanatic Discipline
2. Empirical Creativity
3. Productive Paranoia
4. Level 5 Ambition
5. 20 Mile March
6. Fire Bullets
7. Cannonballs
8. Leading Above the Deathline
9. SMaC
All directly contribute to earning a great ROL
Luck vs. ROL
Return on Luck
Great
Poor
LuckBad Good
Defining Moments in 10X
journey
Essential Skill for 10X results
Can lead to hitting the Death Line
A sure path to mediocrity
ROL Examples
Return on Luck
Great
Poor
LuckBad Good
Proposition 103 and
Progressive Insurance
Bill Gates and his success
PSA compared to Southwest AMD Story
High ROL: Bill Gates Born into upper middle class and went to private school.
Coming of age just as microelectronics made the computer inevitable.
Luck is NOT a Strategy1. Cultivating the ability to zoom out and recognize luck when it happens.
2. Developing the wisdom to see when, and when not, to let luck disrupt your plans.
3. Being sufficiently well-prepared to endure an inevitable spate of bad luck.
4. Creating a positive return on luck--both good and bad luck.
Luck isn't a strategy, but getting a positive return on luck is.
Underarmour's ROLfind answers to key questions in chapter summary
as
they pertain to underarmour.....
who wants this slide?
also bonus question... who is underarmour's best luck?
Conclusion Malcolm Daly and Jim Donini. Luck or skill. Amgen vs. Genentech Return on luck good or bad. Luck is not a strategy. Who is your best luck. 10xers and their comparisons.