Chapter
The Flywheel Principle in Business
1:41:14 - 1:47:25 (06:11)
The flywheel principle, as exemplified by Amazon, is all about harnessing momentum through a cycle of interdependent, organic growth factors to achieve success, rather than relying on one superhero CEO to save the day.
Clips
The way something dramatic appears to onlookers is different than the way it feels to those undergoing the transformation, as exemplified by the process of an egg turning into a chicken, and can also apply to the concept of a visionary leader transforming a situation.
1:41:14 - 1:43:39 (02:25)
Transformation
Summary
The way something dramatic appears to onlookers is different than the way it feels to those undergoing the transformation, as exemplified by the process of an egg turning into a chicken, and can also apply to the concept of a visionary leader transforming a situation.
ChapterThe Flywheel Principle in Business
Episode#361: Jim Collins — A Rare Interview with a Reclusive Polymath
PodcastThe Tim Ferriss Show
Amazon's success is attributed to its utilization of the Flywheel principle, whereby getting clear on its flywheel has enabled the company to lower prices on more offerings, attract more customers, expand the store, and extend distribution.
1:43:39 - 1:47:25 (03:46)
Amazon
Summary
Amazon's success is attributed to its utilization of the Flywheel principle, whereby getting clear on its flywheel has enabled the company to lower prices on more offerings, attract more customers, expand the store, and extend distribution.