Regular readers (both of you) will know that I'm a big fan of the climber Dave MacLeod. I want to share with you a passage from his superb new book about training for climbers:
"The truth about famous climbers
They aren't really much better than you are, yet their grades, results, level, rewards somehow end up being absolutely miles higher than you have managed.
...It comes down to this:
4% effort does not get you 4% less results.
Often, 4% less effort gets 90% less results.
The return on making that little extra effort is vastly out of proportion with the extra work required. Multiply this across all disparate aspects of climbing performance, and 4% extra in each one delivers a windfall of results that lifts you over huge barriers of performance.
In practice?
A top climber will try the boulder problem 26 times to your 25, and do it on the last go.
A top climber will rest 20 seconds less per attempt...
A top climber will hang on five seconds longer than you before shouting 'take'..."
I think we could use that passage, with some suitable substitutions, as a pretty solid guide to business performance too:
The truth about world-class companies
They aren't really much better than you are, yet their costs, results, brand, rewards somehow end up being absolutely miles higher than you have managed.
...It comes down to this:
4% effort does not get you 4% less results.
Often, 4% less effort gets 90% less results.
The return on making that little extra effort is vastly out of proportion with the extra work required. Multiply this across all disparate aspects of business performance, and 4% extra in each one delivers a windfall of results that lifts you over huge barriers of performance.
In practice?
A top business will keep working on customer satisfaction, even when they're better than most.
A top business knows nothing is “uncontrollable”.
A top business will accept the risk that comes from trusting its staff.
I suppose it's similar to Seth Godin's theory in the Dip - winners know when to quit, but more importantly when not to.
