Chasing the Rabbit: How Market Leaders Outdistance the Competition and How Great Companies Can Catch Up and Win, Foreword by Clay Christensen Review

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Chasing the Rabbit: How Market Leaders Outdistance the Competition and How Great Companies Can Catch Up and Win, Foreword by Clay Christensen ReviewSteve's in-depth look at how high velocity organizations do what they do, takes the mystery out of why Toyota and others outdistance their competitors. It gives anyone interested the critical skills required to get started today in order to create sustainable change. His hands on experience and love of story telling weave together the technical and human aspects of the hard work of defining and continuously refining our work.
With the 4 capabilities defined the leader is left with the challenge of creating an environment where everyone can learn from mistakes, be problem solvers and challenge the status quo. No small feat. Like anything we want to learn or habit we want to change it means we have to practice. And practice is a cycle of act/fail/learn/adjust/act. It is also takes time and patience. In our western business culture a problem is seen as failure and patience for the long term pay off is not the norm.
Steve's examples illustrate that we need an attitude/mindset adjustment top to bottom. We need to think and behave differently. When we lead as learners and mentors we create emotional safety. With emotional safety everyone participates in seeing problems or breakdowns as an opportunity. With that possibilities and creativity emerge. Everyone benefits from being part of this continuous cycle of practicing. Everyone is engaged.
So, soak up the lessons in the book and then set a practice in place. Most importantly as a leader at any level you have to walk the talk. The standard of arrogant top down management does not align with the lessons Steve lays out in the book. A fresh humble look at "how we lead" would be a good practice to start.Chasing the Rabbit: How Market Leaders Outdistance the Competition and How Great Companies Can Catch Up and Win, Foreword by Clay Christensen Overview
Winner of the Shingo Prize for Research and Professional Publication, 2009
How can companies perform so well that their industry counterparts are competitors in name only? Although they operate in the same industry, serve the same market, and even use the same suppliers, these "rabbits" lead the race and, more importantly, continually widen their lead. In Chasing the Rabbit, Steven J. Spear describes what sets high-velocity, market-leading organizations apart and explains how you can lead the pack in your industry.

Spear examines the internal operations of dominant organizations, including Toyota, Alcoa, Pratt & Whitney, the US Navy's Nuclear Power Program, and top-tier teaching hospitals--organizations operating in vastly differing industries, but which share one thing in common: the skillful management of complex internal systems that generates constant, almost automatic self-improvement at rates faster, durations longer, and breadths wider than anyone else musters. As a result, each enjoys a level of profitability, quality, efficiency, reliability, and agility unmatched by rivals. Chasing the Rabbit shows how to:
Build a system of "dynamic discovery" designed to reveal operational problems and weaknesses
Attack and solve problems at the time and in the place where they occur, converting weaknesses into strengths
Disseminate knowledge gained from solving local problems throughout the company as a whole
Create managers invested in the process of continual innovation

Whatever kind of company you operate--from technology to finance to healthcare--mastery of these four key capabilities will put you on the fast track to operational excellence, where you will generate faster, better results using less capital and fewer resources. Apply the lessons of Steven J. Spear's and leave the competition in the dust.


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