The Flywheel Effect | Amazon Flywheel Explained
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The Flywheel Effect is a concept developed by Jim Collins in his book “Good to Great”. According to this concept, companies do not achieve greatness fromm a single defining action or one miracle moment. Rather, it’s a process that resembles pushing a big flywheel, turn by turn, and building momentum with each turn, until it reaches a breakthrough moment, where the wheel starts spinning faster without pushing harder. Each turn of the wheel then builds upon the effort that has been put earlier in the process, resulting in a compounding effect.
In this video, we explain the flywheel concept through the Amazon Flywheel example.
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Пікірлер: 6
Great video ❤
I have watched your 90% of video, what a great knowledge of retail business. & On top of that thank you for sharing with us, RASHA definitely ill pray to god for better health & luck.
@RetailDogma
5 ай бұрын
Thank you so much. Same to you!
Rasha - 1 request can u give us a knowledge on UNIT OF ECONOMICS? 🙏
"Good to Great" executives? There's no such group. This woman's imagination is running away with her.
@RetailDogma
6 ай бұрын
Hi The expression "good-to-great executives" is taken from the book "Good to Great" by Jim Collins, where he shows how some companies were able to make the leap from being good companies to great companies, based on his interviews with executives from these companies. He calls these executives "good-to-great executives" and their companies "good-to-great companies"