Jim Collins – Leadership Lessons

The author uses the analogy of rock climbing to share key leadership and life lessons. Briefly,

1) Climb to Fallure, not Failure: Failure and fallure are defined not by the outcomes,but rather, the mental processes behind it. In fallure, you are committed to tap your full mental and physical abilities, even if the odds of success are against you. In failure, those same odds and ambiguity causes us to mentally fail and quit (cut our losses). In rock climbing parlance, fallure is falling and failure is letting go. Put it another way, fallure is about finding and reaching your true limits, which in some instances can trump odds and bring you success.

2) Separate Probability from Consequence: Does this mean we should always shoot for fallure and not failure? The short answer is NO. The author suggests weighing the cost of fallure against the probability of success.

1) If you don’t stretch, you don’t know where the edge is
2) Separate probability from consequence
3) Climb in the future, today

In other words, don’t make decisions, purely based on odds of success, but also include the consequences of failure. If you cannot afford the consequences of fallure, then it is better to cut your losses and live to fight another day. The wisdom lies in knowing, which option to choose 🙂

3) Climb in the future, today: The author highlights the use of a powerful psychological mind trick employed by successful and visionary entrepreneurs. That trick is to imagine and believe that the future has already happened and act accordingly. This cool technique enables us to unshackle ourselves from today’s limitations and expand our creative abilities.

The entire article can be accessed here