Flywheel Effect: Positive Feedback Loops - Eric Jorgenson — Eric Jorgenson
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Flywheel Effect: Positive Feedback Loops - Eric Jorgenson — Eric Jorgenson
Think of it this way. Suppose you have, say, six components in the flywheel, and you score your performance in each from 1 to 10. What happens if your execution scores are 9, 10, 8, 3, 9, and 10? The entire flywheel stalls at the component scoring 3. To regain momentum, you need to bring that 3 up to at least an 8.
Jim Collins • Turning the Flywheel: A Monograph to Accompany Good to Great
Constant feedback loops improve the system as a whole and make for dynamic action feedback loops. This is the essence of Peers Inc miracle #3: The right people will appear.
Robin Chase • Peers Inc
Using the components you’ve identified (keeping it to four to six), sketch the flywheel. Where does the flywheel start—what’s the top of the loop?
Jim Collins • Turning the Flywheel: A Monograph to Accompany Good to Great
... See moreCollins explained the flywheel concept, a metaphor for viewing their strategy, as a virtuous cycle of success that overtime will create tremendous momentum.
He encouraged Bezos and the board not to react, but rather to sketch out the components of a flywheel and focus his team on pushing it every day.At Amazon, the flywheel c
“Inertia is the stubborn resistance of the universe to change. It’s the reason why objects at rest tend to stay at rest and objects in motion tend to stay in motion. You can think of inertia as the guardian of the status quo.
At its core, inertia is a property of mass. The more massive an object is, the more it resists changes to its state of motion
... See moreInertia is a useful model to try to understand some elements