Jim Collins - Concepts - The Flywheel Effect
Consistency is key: The “Flywheel” concept is another valuable tool for managers. Collins describes it as the process of building momentum through consistent and disciplined actions, which over time lead to breakthrough results. For managers, this means focusing on steady, incremental improvements rather than seeking quick fixes or dramatic shifts
... See morePPAI - Promotional Products Association International • How to Take Your Company From Good to Great
Jim Collins originally used the Flywheel as a metaphor in Good To Great:Picture a huge, heavy flywheel — a massive metal disk mounted horizontally on an axle, about 30 feet in diameter, 2 feet thick, and weighing about 5,000 pounds. Now imagine your task is to get the flywheel rotating on the axle as fast and long as possible.Pushing with great eff... See more
Eric Jorgenson • Flywheel Effect: Positive Feedback Loops - Eric Jorgenson — Eric Jorgenson
I’ve come to see the flywheel effect as one of the most important strategic principles to come from all of our research into why some companies become great, why some fail to become great, and why some fall from greatness. The big winners are those that take a flywheel from ten turns to a billion turns rather than crank through ten turns, start ove
... See moreJim Collins • Beyond Entrepreneurship 2.0
The flywheel, when properly conceived and executed, creates both continuity and change. On the one hand, you need to stay with a flywheel long enough to get its full compounding effect. On the other hand, to keep the flywheel spinning, you need to continually renew, and improve each and every component.