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The other important thing to note is that: They didn't just study success, they studied success AGAINST mediocrity These findings aren't just what the 10x com
by jasonshen 15y ago
The other important thing to note is that:
They didn't just study success, they studied success AGAINST mediocrity
These findings aren't just what the 10x companies did. It's what the 10x companies did that the mediocre ones - which were very similar in size, product, team, market - did NOT do or vice versa. They also only selected practices that were done for nearly the entire time studied, in the majority of the companies studied, and that look to be reasonable explanations for the different outcomes. We're not just injecting data into an algorithm.
And to respond to jaylevitt - thanks for mentioning Halo Effect. I really should find the time to review it as well.
- jacobolus 15y agoYes, but “pick a smallish set of successful companies and then try to find one other vaguely similar company to each for comparison” is not enough of a control to guard against these kinds of biases. I understand that experiment design is really hard when dealing with something as big and complex as public companies, and Collins does much better than most business books (just by trying at all). But this kind of experiment design would never fly in any hard science.