"…insights for scaleups"
|When I thought about it afterwards, I realized that it was all about flow. If you eliminate these narrow choke points that occur along the way, you can get people seen and evaluated sooner by the correct specialist.|
|Dr. Kevin Menes, treating 215 gunshot wounds in Las Vegas|
Businessperson of the Year — Fortune just announced their surprise winner. Not well known but he's leading the AI revolution with his products – Jensen Huang, co-founder and CEO of Nvidia. More on him and the list next week, but first…
Hundreds of Lives Saved — this article, detailing the night a small hospital in Las Vegas received and treated 215 penetrating GSWs (gunshot wounds), is riveting – and holds many lessons for business. First, visualizing and preparing for worst case scenarios ahead of time. Second, utilizing the "theory of constraints" to identify and eliminate bottlenecks to maintain flow. It's mindboggling that Dr. Kevin Menes had the foresight and insight to save so many lives from the worst mass shooting in Vegas history. Thanks to Anne-Marie Faiola, founder & CEO of Bramble Berry and Soap Queen, for sharing this story.
Power of Working from Home — granted, even though this well-designed research study was conducted with 500 call center employees in China, the results are impressive. Notes this TED talk article:
And attrition rates were 50% lower. The fun fact that surprised me? In the US, the number of employees who telecommute has tripled over the past 30 years, although it's still only 2.4 percent. I would have thought it was a lot higher. I don't think they are counting solo entrepreneurs.
Huge, Inc.'s Five Minute Meetings — this WSJ article details how:
This excellent article shares many examples of companies using daily huddles, underpinning the power and importance of this simple routine – a critical habit our competitors fail to support resulting in lost time and opportunity for clients. Thank you Jocelyn Lortie, owner of Canada-based Paguette Textiles, for sharing this article.
#1 on Fortune's New Future 50 List — these are 50 companies poised to define the future – and atop the list is SalesForce.com. Read Adam Lashinsky's insight article about why Fortune ranked Marc Benioff's firm #1. It includes a list of the six people Benioff most admires and what he's learned from each (worth the read) – and I like this summary of the three "chapters" of the company's history (three BHAGs?):
How would you frame each of your last ten years as a way to frame the next? It's a lengthy read, so maybe a Sunday morning thing! Enjoy.
How Coca-Cola, Netflix, and Amazon Learn from Failure — written by Fast Company magazine co-founder Bill Taylor (I mention, because I love most everything Taylor writes), this HBR article highlights that a success rate that is too high is dangerous. And there are proper ways to fail. What I found most fascinating, reports Taylor:
Anyway, it's worth the 2-minute read as a reminder to fail more and faster!
My 10-minute Interview with getAbstract — one of the ways I find and decide which books to read is by reading getAbstract's summaries of leading biz books. And like all their abstracts, the one they did for Scaling Up is excellent (might be worth sharing with employees who don't want to read the entire book). Recently they interviewed me for my latest thoughts on scaling up – enjoy.
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