What makes an NFL football dynasty?
In other words, what makes a team a perennial Superbowl champion?
In the last few days, I’ve been thinking about this & drawing a lot of parallels to my business.
One of the fundamental keys, I’ve realized, is simply architecting the right team.
In his book “Good to Great,” Jim Collins discusses the commonalities shared by all “great companies” (a great company being one that produced cumulative stock returns of at least 3x the general market over a 15-year period… there were only 11 U.S. companies that met this strict criteria between 1965-1995.)
One of the foundational commonalities between these 11 companies was this:
Before ever deciding which direction to take their “bus,” the great companies focused on (1) getting the right people ON the bus, (2) getting the wrong people OFF the bus, and (3) getting the right people in the right seats.
So many companies (and teams) do this backwards.
Posted on Sunday, 10th May 2009 in Business | Comments (7)
