SlideShare una empresa de Scribd logo
1 de 33
We Know Money




BE STRATEGIC

New Story of the
Hare and Tortoise
We Know Money




 Once upon a time a tortoise and a hare
had an argument about who was faster.
They decided to settle the argument with
a race. They agreed on a route and started
off the race.
We Know Money




•The hare shot ahead and ran briskly for some
time.
Then seeing that he was far ahead of the tortoise,
 he thought he'd sit under a tree
for some time and relax before continuing the race.


He sat under the tree and soon fell asleep.
 The tortoise plodding on overtook him
and soon finished the race,
emerging as the undisputed champ.
We Know Money




• The hare woke up and realised that
  he'd lost the race. The moral of the
  story is that slow and steady wins
  the race.
• This is the version of the story that
  we've all grown up with.
We Know Money




• But then recently, someone told me a
  more interesting version of this
  story. It continues.
We Know Money




• The hare was disappointed at losing
  the race and he did some Defect
  Prevention (Root Cause Analysis).
  He realised that he'd lost the race
  only because he had been
  overconfident, careless and lax.
We Know Money




• If he had not taken things for
  granted, there's no way the tortoise
  could have beaten him. So he
  challenged the tortoise to another
  race. The tortoise agreed.
We Know Money




• The moral of the story ? Fast and
  consistent will always beat the slow
  and steady.
We Know Money




• If you have two people in your
  organisation, one slow, methodical and
  reliable, and the other fast and still reliable
  at what he does, the fast and reliable chap
  will consistently climb the organisational
  ladder faster than the slow, methodical
  chap.
We Know Money




• It's good to be slow and steady; but
  it's better to be fast and reliable.
• But the story doesn't end here. The
  tortoise did some thinking this time,
  and realised that there's no way he
  can beat the hare in a race the way it
  was currently formatted.
We Know Money




• He thought for a while, and then
  challenged the hare to another race,
  but on a slightly different route.
• The hare agreed. They started off. In
  keeping with his self-made
  commitment to be consistently fast,
  the hare took off and ran at top
  speed until he came to a broad river.
We Know Money




• The finishing line was a couple of
  kilometers on the other side of the
  river.
• The hare sat there wondering what to
  do. In the meantime the tortoise
  trundled along, got into the river,
  swam to the opposite bank,
  continued walking and finished the
  race.
We Know Money




• The moral of the story? First identify
  your core competency and then
  change the playing field to suit your
  core competency.
We Know Money




• In an organisation, if you are a good
  speaker, make sure you create
  opportunities to give presentations
  that enable the senior management
  to notice you.
We Know Money




• If your strength is analysis, make
  sure you do some sort of research,
  make a report and send it upstairs.
  Working to your strengths will not
  only get you noticed but will also
  create opportunities for growth and
  advancement.
We Know Money




• The story still hasn't ended.
We Know Money




• The hare and the tortoise, by this
  time, had become pretty good
  friends and they did some thinking
  together. Both realised that the last
  race could have been run much
  better.
We Know Money




• So they decided to do the last race
  again, but to run as a team this time.
• They started off, and this time the
  hare carried the tortoise till the
  riverbank. There, the tortoise took
  over and swam across with the hare
  on his back.
We Know Money




• On the opposite bank, the hare again
  carried the tortoise and they reached
  the finishing line together. They both
  felt a greater sense of satisfaction
  than they'd felt earlier.
We Know Money




• The moral of the story? It's good to
  be individually brilliant and to have
  strong core competencies; but
  unless you're able to work in a team
  and harness each other's core
  competencies, you'll always perform
  below par because there will always
  be situations at which you'll do
  poorly and someone else does well.
We Know Money




• Teamwork is mainly about situational
  leadership, letting the person with
  the relevant core competency for a
  situation take leadership.
We Know Money




• There are more lessons to be learnt
  from this story.
We Know Money




• Note that neither the hare nor the
  tortoise gave up after failures. The
  hare decided to work harder and put
  in more effort after his failure.
We Know Money




• The tortoise changed his strategy
  because he was already working as
  hard as he could. In life, when faced
  with failure, sometimes it is
  appropriate to work harder and put in
  more effort.
We Know Money




• Sometimes it is appropriate to
  change strategy and try something
  different. And sometimes it is
  appropriate to do both.
We Know Money




• The hare and the tortoise also learnt
  another vital lesson. When we stop
  competing against a rival and
  instead start competing against the
  situation, we perform far better.
We Know Money




• When Roberto Goizueta took over as
  CEO of Coca-Cola in the 1980s, he
  was faced with intense competition
  from Pepsi that was eating into
  Coke's growth.
We Know Money




• His executives were Pepsi-focussed
  and intent on increasing market
  share 0.1 per cent a time.
• Goizueta decided to stop competing
  against Pepsi and instead compete
  against the situation of 0.1 per cent
  growth.
We Know Money




• He asked his executives what was
  the average fluid intake of an
  American per day? The answer was
  14 ounces. What was Coke's share of
  that? Two ounces. Goizueta said
  Coke needed a larger share of that
  market.
We Know Money




• The competition wasn't Pepsi. It was
  the water, tea, coffee, milk and fruit
  juices that went into the remaining
  12 ounces. The public should reach
  for a Coke whenever they felt like
  drinking something.
We Know Money




• To this end, Coke put up vending
  machines at every street corner.
  Sales took a quantum jump and
  Pepsi has never quite caught up
  since.
We Know Money




• To sum up, the story of the hare and tortoise
  teaches us many things.
• Important lessons are:
• that fast and consistent will always beat slow and
  steady;
• work to your competencies;
• pooling resources and working as a team will
  always beat individual performers;
• never give up when faced with failure;
• and finally, compete against the situation. Not
  against a rival.
We Know Money




• In Short, BE STRATEGIC!
• In Short, BE STRATEGIC!

Más contenido relacionado

La actualidad más candente

Lessons From Hare N Tortoise Story
Lessons From Hare N Tortoise StoryLessons From Hare N Tortoise Story
Lessons From Hare N Tortoise Storyaquf14
 
The Tortoise And The Hare
The Tortoise And The HareThe Tortoise And The Hare
The Tortoise And The HareRam Pathak
 
The Tortoise & The Hare
The Tortoise & The HareThe Tortoise & The Hare
The Tortoise & The HareBRDesai
 
the tortoise and the hare
the tortoise and the harethe tortoise and the hare
the tortoise and the harechaitoov
 
Thinking translation - The Tortoise & The Hare
Thinking translation - The Tortoise & The HareThinking translation - The Tortoise & The Hare
Thinking translation - The Tortoise & The HareDr. Shadia Banjar
 
The Tortoise And The Hare 09
The Tortoise And The Hare 09The Tortoise And The Hare 09
The Tortoise And The Hare 09manjeet26
 
Good old lessons in teamwork from an age-old fable : The Tortoise And The Hare
Good old lessons in teamwork from an age-old fable : The Tortoise And The HareGood old lessons in teamwork from an age-old fable : The Tortoise And The Hare
Good old lessons in teamwork from an age-old fable : The Tortoise And The HareYaswanth Ravella
 
Teamwork
TeamworkTeamwork
TeamworkMuQeet
 
MM Bagali, HRM. HRD, HR, Research, Management, PhD, Global Skills, MBA Educat...
MM Bagali, HRM. HRD, HR, Research, Management, PhD, Global Skills, MBA Educat...MM Bagali, HRM. HRD, HR, Research, Management, PhD, Global Skills, MBA Educat...
MM Bagali, HRM. HRD, HR, Research, Management, PhD, Global Skills, MBA Educat...dr m m bagali, phd in hr
 

La actualidad más candente (17)

Teamwork
TeamworkTeamwork
Teamwork
 
Teamwork
TeamworkTeamwork
Teamwork
 
Lessons From Hare N Tortoise Story
Lessons From Hare N Tortoise StoryLessons From Hare N Tortoise Story
Lessons From Hare N Tortoise Story
 
Teamwork
TeamworkTeamwork
Teamwork
 
The Tortoise And The Hare
The Tortoise And The HareThe Tortoise And The Hare
The Tortoise And The Hare
 
A Story
A StoryA Story
A Story
 
The Tortoise & The Hare
The Tortoise & The HareThe Tortoise & The Hare
The Tortoise & The Hare
 
the tortoise and the hare
the tortoise and the harethe tortoise and the hare
the tortoise and the hare
 
A Good Story
A Good StoryA Good Story
A Good Story
 
Thinking translation - The Tortoise & The Hare
Thinking translation - The Tortoise & The HareThinking translation - The Tortoise & The Hare
Thinking translation - The Tortoise & The Hare
 
The Tortoise And The Hare 09
The Tortoise And The Hare 09The Tortoise And The Hare 09
The Tortoise And The Hare 09
 
1378 1
1378 11378 1
1378 1
 
Hare and tortoise
Hare and tortoiseHare and tortoise
Hare and tortoise
 
Good old lessons in teamwork from an age-old fable : The Tortoise And The Hare
Good old lessons in teamwork from an age-old fable : The Tortoise And The HareGood old lessons in teamwork from an age-old fable : The Tortoise And The Hare
Good old lessons in teamwork from an age-old fable : The Tortoise And The Hare
 
Teamwork
TeamworkTeamwork
Teamwork
 
MM Bagali, HRM. HRD, HR, Research, Management, PhD, Global Skills, MBA Educat...
MM Bagali, HRM. HRD, HR, Research, Management, PhD, Global Skills, MBA Educat...MM Bagali, HRM. HRD, HR, Research, Management, PhD, Global Skills, MBA Educat...
MM Bagali, HRM. HRD, HR, Research, Management, PhD, Global Skills, MBA Educat...
 
Typography
TypographyTypography
Typography
 

Destacado

Paison ki Paathshala with Going to School & Barclay's India
Paison ki Paathshala with Going to School & Barclay's IndiaPaison ki Paathshala with Going to School & Barclay's India
Paison ki Paathshala with Going to School & Barclay's Indiaanvitathapliyal
 
Financial Literacy Competencies - the efinlit project
Financial Literacy Competencies - the efinlit projectFinancial Literacy Competencies - the efinlit project
Financial Literacy Competencies - the efinlit projectAnabela Mesquita
 
Amfi investor awareness programmed
Amfi investor awareness programmedAmfi investor awareness programmed
Amfi investor awareness programmedPrashant Padia
 
Youth Financial Literacy
Youth Financial LiteracyYouth Financial Literacy
Youth Financial LiteracyMarc Ellis
 
Financial Literacy for Teens and Students
Financial Literacy for Teens and Students Financial Literacy for Teens and Students
Financial Literacy for Teens and Students Experian_US
 
Financial literacy my edit 012710
Financial literacy  my edit 012710Financial literacy  my edit 012710
Financial literacy my edit 012710AllanArrow
 
Introduction to financial planning
Introduction to financial planningIntroduction to financial planning
Introduction to financial planningJohn Daniel
 
Financial Literacy Slide Show
Financial Literacy Slide ShowFinancial Literacy Slide Show
Financial Literacy Slide Showguest1f7200
 
INTRODUCTION TO FINANCIAL PLANNING
INTRODUCTION TO FINANCIAL PLANNINGINTRODUCTION TO FINANCIAL PLANNING
INTRODUCTION TO FINANCIAL PLANNINGDIANN MOORMAN
 
Investment Planning
Investment PlanningInvestment Planning
Investment PlanningJohn Daniel
 
74 Star Decks on Slideshare
74 Star Decks on Slideshare74 Star Decks on Slideshare
74 Star Decks on Slideshareesprezo
 
Income tax-ppt
Income tax-pptIncome tax-ppt
Income tax-pptlkiju
 

Destacado (14)

Paison ki Paathshala with Going to School & Barclay's India
Paison ki Paathshala with Going to School & Barclay's IndiaPaison ki Paathshala with Going to School & Barclay's India
Paison ki Paathshala with Going to School & Barclay's India
 
Financial Literacy Competencies - the efinlit project
Financial Literacy Competencies - the efinlit projectFinancial Literacy Competencies - the efinlit project
Financial Literacy Competencies - the efinlit project
 
Rocket singh
Rocket singhRocket singh
Rocket singh
 
Amfi investor awareness programmed
Amfi investor awareness programmedAmfi investor awareness programmed
Amfi investor awareness programmed
 
Youth Financial Literacy
Youth Financial LiteracyYouth Financial Literacy
Youth Financial Literacy
 
Financial Literacy for Teens and Students
Financial Literacy for Teens and Students Financial Literacy for Teens and Students
Financial Literacy for Teens and Students
 
Financial literacy my edit 012710
Financial literacy  my edit 012710Financial literacy  my edit 012710
Financial literacy my edit 012710
 
Introduction to financial planning
Introduction to financial planningIntroduction to financial planning
Introduction to financial planning
 
Financial Literacy Slide Show
Financial Literacy Slide ShowFinancial Literacy Slide Show
Financial Literacy Slide Show
 
INTRODUCTION TO FINANCIAL PLANNING
INTRODUCTION TO FINANCIAL PLANNINGINTRODUCTION TO FINANCIAL PLANNING
INTRODUCTION TO FINANCIAL PLANNING
 
Income tax-ppt-revised
Income tax-ppt-revisedIncome tax-ppt-revised
Income tax-ppt-revised
 
Investment Planning
Investment PlanningInvestment Planning
Investment Planning
 
74 Star Decks on Slideshare
74 Star Decks on Slideshare74 Star Decks on Slideshare
74 Star Decks on Slideshare
 
Income tax-ppt
Income tax-pptIncome tax-ppt
Income tax-ppt
 

Similar a Be strategic

How Important is Teamwork in an Organization
How Important is Teamwork in an OrganizationHow Important is Teamwork in an Organization
How Important is Teamwork in an OrganizationPreetha
 
importance of team work
importance of team workimportance of team work
importance of team workdanishgoud
 
Lesson learnt from hare and tortoise
Lesson learnt from hare and tortoiseLesson learnt from hare and tortoise
Lesson learnt from hare and tortoiseAshish Raheja
 
Lesson Learnt From Hare and Tortoise
Lesson Learnt From Hare and TortoiseLesson Learnt From Hare and Tortoise
Lesson Learnt From Hare and TortoiseEvery Day is New Day
 
Materi Pelatihan Team work .ppt
Materi Pelatihan Team work .pptMateri Pelatihan Team work .ppt
Materi Pelatihan Team work .pptTeguhHWidodo
 
Hare Tortoise
Hare TortoiseHare Tortoise
Hare Tortoisenath
 
New Rabbit & Tortoise Story
New Rabbit & Tortoise StoryNew Rabbit & Tortoise Story
New Rabbit & Tortoise Storyprakash1987
 
New Rabbit & Tortoise Story
New Rabbit & Tortoise StoryNew Rabbit & Tortoise Story
New Rabbit & Tortoise Storyprakash1987
 
TeamWork Situation Leadership in Business
TeamWork Situation Leadership in BusinessTeamWork Situation Leadership in Business
TeamWork Situation Leadership in BusinessGoFrugal
 
Hare Tortoise
Hare TortoiseHare Tortoise
Hare Tortoiserakeshsqa
 

Similar a Be strategic (20)

How Important is Teamwork in an Organization
How Important is Teamwork in an OrganizationHow Important is Teamwork in an Organization
How Important is Teamwork in an Organization
 
Teamwork 2009
Teamwork 2009Teamwork 2009
Teamwork 2009
 
New Good Old Hare Tortoise
New Good Old Hare TortoiseNew Good Old Hare Tortoise
New Good Old Hare Tortoise
 
importance of team work
importance of team workimportance of team work
importance of team work
 
Hare And Tortoise
Hare And TortoiseHare And Tortoise
Hare And Tortoise
 
Team work
Team workTeam work
Team work
 
Lesson learnt from hare and tortoise
Lesson learnt from hare and tortoiseLesson learnt from hare and tortoise
Lesson learnt from hare and tortoise
 
Lesson Learnt From Hare and Tortoise
Lesson Learnt From Hare and TortoiseLesson Learnt From Hare and Tortoise
Lesson Learnt From Hare and Tortoise
 
Hare And Tortoise
Hare And TortoiseHare And Tortoise
Hare And Tortoise
 
Materi Pelatihan Team work .ppt
Materi Pelatihan Team work .pptMateri Pelatihan Team work .ppt
Materi Pelatihan Team work .ppt
 
Hare Tortoise
Hare TortoiseHare Tortoise
Hare Tortoise
 
Team work-powerpoint
Team work-powerpointTeam work-powerpoint
Team work-powerpoint
 
New Rabbit & Tortoise Story
New Rabbit & Tortoise StoryNew Rabbit & Tortoise Story
New Rabbit & Tortoise Story
 
New Rabbit & Tortoise Story
New Rabbit & Tortoise StoryNew Rabbit & Tortoise Story
New Rabbit & Tortoise Story
 
TeamWork Situation Leadership in Business
TeamWork Situation Leadership in BusinessTeamWork Situation Leadership in Business
TeamWork Situation Leadership in Business
 
Be Strategic
Be StrategicBe Strategic
Be Strategic
 
Hare Tortoise
Hare TortoiseHare Tortoise
Hare Tortoise
 
Hare Tortoise
Hare TortoiseHare Tortoise
Hare Tortoise
 
Hare Tortoise
Hare TortoiseHare Tortoise
Hare Tortoise
 
New Rabbit Tortoise Story
New Rabbit Tortoise StoryNew Rabbit Tortoise Story
New Rabbit Tortoise Story
 

Más de John Daniel

Volunteering guide
Volunteering guideVolunteering guide
Volunteering guideJohn Daniel
 
A blog is good for your career
A blog is good for your careerA blog is good for your career
A blog is good for your careerJohn Daniel
 
The one minute manager
The one minute managerThe one minute manager
The one minute managerJohn Daniel
 
Classic illusions
Classic illusionsClassic illusions
Classic illusionsJohn Daniel
 
Indian Financial Market
Indian Financial MarketIndian Financial Market
Indian Financial MarketJohn Daniel
 
Financial plan construction
Financial plan constructionFinancial plan construction
Financial plan constructionJohn Daniel
 
Raise your own BAR
Raise your own BARRaise your own BAR
Raise your own BARJohn Daniel
 
Retirement Planning
Retirement PlanningRetirement Planning
Retirement PlanningJohn Daniel
 
Risk Management and Insurance
Risk Management and InsuranceRisk Management and Insurance
Risk Management and InsuranceJohn Daniel
 
Establishing an Investment Program
Establishing an Investment Program Establishing an Investment Program
Establishing an Investment Program John Daniel
 
Saksham outreach
Saksham outreachSaksham outreach
Saksham outreachJohn Daniel
 
Story of Success and Creativity
Story of Success and CreativityStory of Success and Creativity
Story of Success and CreativityJohn Daniel
 

Más de John Daniel (19)

Volunteering guide
Volunteering guideVolunteering guide
Volunteering guide
 
Testing
TestingTesting
Testing
 
A blog is good for your career
A blog is good for your careerA blog is good for your career
A blog is good for your career
 
Why we fail
Why we failWhy we fail
Why we fail
 
The window
The windowThe window
The window
 
The one minute manager
The one minute managerThe one minute manager
The one minute manager
 
Classic illusions
Classic illusionsClassic illusions
Classic illusions
 
Indian Financial Market
Indian Financial MarketIndian Financial Market
Indian Financial Market
 
Financial plan construction
Financial plan constructionFinancial plan construction
Financial plan construction
 
Raise your own BAR
Raise your own BARRaise your own BAR
Raise your own BAR
 
Chakde India
Chakde IndiaChakde India
Chakde India
 
Retirement Planning
Retirement PlanningRetirement Planning
Retirement Planning
 
Risk Management and Insurance
Risk Management and InsuranceRisk Management and Insurance
Risk Management and Insurance
 
5 c's of life
5 c's of life5 c's of life
5 c's of life
 
Establishing an Investment Program
Establishing an Investment Program Establishing an Investment Program
Establishing an Investment Program
 
Saksham outreach
Saksham outreachSaksham outreach
Saksham outreach
 
Story of Success and Creativity
Story of Success and CreativityStory of Success and Creativity
Story of Success and Creativity
 
Rocket Singh
Rocket  SinghRocket  Singh
Rocket Singh
 
Munnabhai
MunnabhaiMunnabhai
Munnabhai
 

Último

Kenya Coconut Production Presentation by Dr. Lalith Perera
Kenya Coconut Production Presentation by Dr. Lalith PereraKenya Coconut Production Presentation by Dr. Lalith Perera
Kenya Coconut Production Presentation by Dr. Lalith Pereraictsugar
 
Intro to BCG's Carbon Emissions Benchmark_vF.pdf
Intro to BCG's Carbon Emissions Benchmark_vF.pdfIntro to BCG's Carbon Emissions Benchmark_vF.pdf
Intro to BCG's Carbon Emissions Benchmark_vF.pdfpollardmorgan
 
Pitch Deck Teardown: Geodesic.Life's $500k Pre-seed deck
Pitch Deck Teardown: Geodesic.Life's $500k Pre-seed deckPitch Deck Teardown: Geodesic.Life's $500k Pre-seed deck
Pitch Deck Teardown: Geodesic.Life's $500k Pre-seed deckHajeJanKamps
 
Cybersecurity Awareness Training Presentation v2024.03
Cybersecurity Awareness Training Presentation v2024.03Cybersecurity Awareness Training Presentation v2024.03
Cybersecurity Awareness Training Presentation v2024.03DallasHaselhorst
 
8447779800, Low rate Call girls in Uttam Nagar Delhi NCR
8447779800, Low rate Call girls in Uttam Nagar Delhi NCR8447779800, Low rate Call girls in Uttam Nagar Delhi NCR
8447779800, Low rate Call girls in Uttam Nagar Delhi NCRashishs7044
 
Traction part 2 - EOS Model JAX Bridges.
Traction part 2 - EOS Model JAX Bridges.Traction part 2 - EOS Model JAX Bridges.
Traction part 2 - EOS Model JAX Bridges.Anamaria Contreras
 
Contemporary Economic Issues Facing the Filipino Entrepreneur (1).pptx
Contemporary Economic Issues Facing the Filipino Entrepreneur (1).pptxContemporary Economic Issues Facing the Filipino Entrepreneur (1).pptx
Contemporary Economic Issues Facing the Filipino Entrepreneur (1).pptxMarkAnthonyAurellano
 
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCRashishs7044
 
Memorándum de Entendimiento (MoU) entre Codelco y SQM
Memorándum de Entendimiento (MoU) entre Codelco y SQMMemorándum de Entendimiento (MoU) entre Codelco y SQM
Memorándum de Entendimiento (MoU) entre Codelco y SQMVoces Mineras
 
Call Girls in DELHI Cantt, ( Call Me )-8377877756-Female Escort- In Delhi / Ncr
Call Girls in DELHI Cantt, ( Call Me )-8377877756-Female Escort- In Delhi / NcrCall Girls in DELHI Cantt, ( Call Me )-8377877756-Female Escort- In Delhi / Ncr
Call Girls in DELHI Cantt, ( Call Me )-8377877756-Female Escort- In Delhi / Ncrdollysharma2066
 
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCRashishs7044
 
Marketplace and Quality Assurance Presentation - Vincent Chirchir
Marketplace and Quality Assurance Presentation - Vincent ChirchirMarketplace and Quality Assurance Presentation - Vincent Chirchir
Marketplace and Quality Assurance Presentation - Vincent Chirchirictsugar
 
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607(Best) ENJOY Call Girls in Faridabad Ex | 8377087607
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607dollysharma2066
 
FULL ENJOY Call girls in Paharganj Delhi | 8377087607
FULL ENJOY Call girls in Paharganj Delhi | 8377087607FULL ENJOY Call girls in Paharganj Delhi | 8377087607
FULL ENJOY Call girls in Paharganj Delhi | 8377087607dollysharma2066
 
Youth Involvement in an Innovative Coconut Value Chain by Mwalimu Menza
Youth Involvement in an Innovative Coconut Value Chain by Mwalimu MenzaYouth Involvement in an Innovative Coconut Value Chain by Mwalimu Menza
Youth Involvement in an Innovative Coconut Value Chain by Mwalimu Menzaictsugar
 
International Business Environments and Operations 16th Global Edition test b...
International Business Environments and Operations 16th Global Edition test b...International Business Environments and Operations 16th Global Edition test b...
International Business Environments and Operations 16th Global Edition test b...ssuserf63bd7
 
PSCC - Capability Statement Presentation
PSCC - Capability Statement PresentationPSCC - Capability Statement Presentation
PSCC - Capability Statement PresentationAnamaria Contreras
 

Último (20)

Kenya Coconut Production Presentation by Dr. Lalith Perera
Kenya Coconut Production Presentation by Dr. Lalith PereraKenya Coconut Production Presentation by Dr. Lalith Perera
Kenya Coconut Production Presentation by Dr. Lalith Perera
 
Intro to BCG's Carbon Emissions Benchmark_vF.pdf
Intro to BCG's Carbon Emissions Benchmark_vF.pdfIntro to BCG's Carbon Emissions Benchmark_vF.pdf
Intro to BCG's Carbon Emissions Benchmark_vF.pdf
 
Pitch Deck Teardown: Geodesic.Life's $500k Pre-seed deck
Pitch Deck Teardown: Geodesic.Life's $500k Pre-seed deckPitch Deck Teardown: Geodesic.Life's $500k Pre-seed deck
Pitch Deck Teardown: Geodesic.Life's $500k Pre-seed deck
 
Cybersecurity Awareness Training Presentation v2024.03
Cybersecurity Awareness Training Presentation v2024.03Cybersecurity Awareness Training Presentation v2024.03
Cybersecurity Awareness Training Presentation v2024.03
 
8447779800, Low rate Call girls in Uttam Nagar Delhi NCR
8447779800, Low rate Call girls in Uttam Nagar Delhi NCR8447779800, Low rate Call girls in Uttam Nagar Delhi NCR
8447779800, Low rate Call girls in Uttam Nagar Delhi NCR
 
Traction part 2 - EOS Model JAX Bridges.
Traction part 2 - EOS Model JAX Bridges.Traction part 2 - EOS Model JAX Bridges.
Traction part 2 - EOS Model JAX Bridges.
 
Contemporary Economic Issues Facing the Filipino Entrepreneur (1).pptx
Contemporary Economic Issues Facing the Filipino Entrepreneur (1).pptxContemporary Economic Issues Facing the Filipino Entrepreneur (1).pptx
Contemporary Economic Issues Facing the Filipino Entrepreneur (1).pptx
 
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
 
No-1 Call Girls In Goa 93193 VIP 73153 Escort service In North Goa Panaji, Ca...
No-1 Call Girls In Goa 93193 VIP 73153 Escort service In North Goa Panaji, Ca...No-1 Call Girls In Goa 93193 VIP 73153 Escort service In North Goa Panaji, Ca...
No-1 Call Girls In Goa 93193 VIP 73153 Escort service In North Goa Panaji, Ca...
 
Memorándum de Entendimiento (MoU) entre Codelco y SQM
Memorándum de Entendimiento (MoU) entre Codelco y SQMMemorándum de Entendimiento (MoU) entre Codelco y SQM
Memorándum de Entendimiento (MoU) entre Codelco y SQM
 
Call Girls in DELHI Cantt, ( Call Me )-8377877756-Female Escort- In Delhi / Ncr
Call Girls in DELHI Cantt, ( Call Me )-8377877756-Female Escort- In Delhi / NcrCall Girls in DELHI Cantt, ( Call Me )-8377877756-Female Escort- In Delhi / Ncr
Call Girls in DELHI Cantt, ( Call Me )-8377877756-Female Escort- In Delhi / Ncr
 
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
 
Call Us ➥9319373153▻Call Girls In North Goa
Call Us ➥9319373153▻Call Girls In North GoaCall Us ➥9319373153▻Call Girls In North Goa
Call Us ➥9319373153▻Call Girls In North Goa
 
Marketplace and Quality Assurance Presentation - Vincent Chirchir
Marketplace and Quality Assurance Presentation - Vincent ChirchirMarketplace and Quality Assurance Presentation - Vincent Chirchir
Marketplace and Quality Assurance Presentation - Vincent Chirchir
 
Enjoy ➥8448380779▻ Call Girls In Sector 18 Noida Escorts Delhi NCR
Enjoy ➥8448380779▻ Call Girls In Sector 18 Noida Escorts Delhi NCREnjoy ➥8448380779▻ Call Girls In Sector 18 Noida Escorts Delhi NCR
Enjoy ➥8448380779▻ Call Girls In Sector 18 Noida Escorts Delhi NCR
 
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607(Best) ENJOY Call Girls in Faridabad Ex | 8377087607
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607
 
FULL ENJOY Call girls in Paharganj Delhi | 8377087607
FULL ENJOY Call girls in Paharganj Delhi | 8377087607FULL ENJOY Call girls in Paharganj Delhi | 8377087607
FULL ENJOY Call girls in Paharganj Delhi | 8377087607
 
Youth Involvement in an Innovative Coconut Value Chain by Mwalimu Menza
Youth Involvement in an Innovative Coconut Value Chain by Mwalimu MenzaYouth Involvement in an Innovative Coconut Value Chain by Mwalimu Menza
Youth Involvement in an Innovative Coconut Value Chain by Mwalimu Menza
 
International Business Environments and Operations 16th Global Edition test b...
International Business Environments and Operations 16th Global Edition test b...International Business Environments and Operations 16th Global Edition test b...
International Business Environments and Operations 16th Global Edition test b...
 
PSCC - Capability Statement Presentation
PSCC - Capability Statement PresentationPSCC - Capability Statement Presentation
PSCC - Capability Statement Presentation
 

Be strategic

  • 1. We Know Money BE STRATEGIC New Story of the Hare and Tortoise
  • 2. We Know Money Once upon a time a tortoise and a hare had an argument about who was faster. They decided to settle the argument with a race. They agreed on a route and started off the race.
  • 3. We Know Money •The hare shot ahead and ran briskly for some time. Then seeing that he was far ahead of the tortoise, he thought he'd sit under a tree for some time and relax before continuing the race. He sat under the tree and soon fell asleep. The tortoise plodding on overtook him and soon finished the race, emerging as the undisputed champ.
  • 4. We Know Money • The hare woke up and realised that he'd lost the race. The moral of the story is that slow and steady wins the race. • This is the version of the story that we've all grown up with.
  • 5. We Know Money • But then recently, someone told me a more interesting version of this story. It continues.
  • 6. We Know Money • The hare was disappointed at losing the race and he did some Defect Prevention (Root Cause Analysis). He realised that he'd lost the race only because he had been overconfident, careless and lax.
  • 7. We Know Money • If he had not taken things for granted, there's no way the tortoise could have beaten him. So he challenged the tortoise to another race. The tortoise agreed.
  • 8. We Know Money • The moral of the story ? Fast and consistent will always beat the slow and steady.
  • 9. We Know Money • If you have two people in your organisation, one slow, methodical and reliable, and the other fast and still reliable at what he does, the fast and reliable chap will consistently climb the organisational ladder faster than the slow, methodical chap.
  • 10. We Know Money • It's good to be slow and steady; but it's better to be fast and reliable. • But the story doesn't end here. The tortoise did some thinking this time, and realised that there's no way he can beat the hare in a race the way it was currently formatted.
  • 11. We Know Money • He thought for a while, and then challenged the hare to another race, but on a slightly different route. • The hare agreed. They started off. In keeping with his self-made commitment to be consistently fast, the hare took off and ran at top speed until he came to a broad river.
  • 12. We Know Money • The finishing line was a couple of kilometers on the other side of the river. • The hare sat there wondering what to do. In the meantime the tortoise trundled along, got into the river, swam to the opposite bank, continued walking and finished the race.
  • 13. We Know Money • The moral of the story? First identify your core competency and then change the playing field to suit your core competency.
  • 14. We Know Money • In an organisation, if you are a good speaker, make sure you create opportunities to give presentations that enable the senior management to notice you.
  • 15. We Know Money • If your strength is analysis, make sure you do some sort of research, make a report and send it upstairs. Working to your strengths will not only get you noticed but will also create opportunities for growth and advancement.
  • 16. We Know Money • The story still hasn't ended.
  • 17. We Know Money • The hare and the tortoise, by this time, had become pretty good friends and they did some thinking together. Both realised that the last race could have been run much better.
  • 18. We Know Money • So they decided to do the last race again, but to run as a team this time. • They started off, and this time the hare carried the tortoise till the riverbank. There, the tortoise took over and swam across with the hare on his back.
  • 19. We Know Money • On the opposite bank, the hare again carried the tortoise and they reached the finishing line together. They both felt a greater sense of satisfaction than they'd felt earlier.
  • 20. We Know Money • The moral of the story? It's good to be individually brilliant and to have strong core competencies; but unless you're able to work in a team and harness each other's core competencies, you'll always perform below par because there will always be situations at which you'll do poorly and someone else does well.
  • 21. We Know Money • Teamwork is mainly about situational leadership, letting the person with the relevant core competency for a situation take leadership.
  • 22. We Know Money • There are more lessons to be learnt from this story.
  • 23. We Know Money • Note that neither the hare nor the tortoise gave up after failures. The hare decided to work harder and put in more effort after his failure.
  • 24. We Know Money • The tortoise changed his strategy because he was already working as hard as he could. In life, when faced with failure, sometimes it is appropriate to work harder and put in more effort.
  • 25. We Know Money • Sometimes it is appropriate to change strategy and try something different. And sometimes it is appropriate to do both.
  • 26. We Know Money • The hare and the tortoise also learnt another vital lesson. When we stop competing against a rival and instead start competing against the situation, we perform far better.
  • 27. We Know Money • When Roberto Goizueta took over as CEO of Coca-Cola in the 1980s, he was faced with intense competition from Pepsi that was eating into Coke's growth.
  • 28. We Know Money • His executives were Pepsi-focussed and intent on increasing market share 0.1 per cent a time. • Goizueta decided to stop competing against Pepsi and instead compete against the situation of 0.1 per cent growth.
  • 29. We Know Money • He asked his executives what was the average fluid intake of an American per day? The answer was 14 ounces. What was Coke's share of that? Two ounces. Goizueta said Coke needed a larger share of that market.
  • 30. We Know Money • The competition wasn't Pepsi. It was the water, tea, coffee, milk and fruit juices that went into the remaining 12 ounces. The public should reach for a Coke whenever they felt like drinking something.
  • 31. We Know Money • To this end, Coke put up vending machines at every street corner. Sales took a quantum jump and Pepsi has never quite caught up since.
  • 32. We Know Money • To sum up, the story of the hare and tortoise teaches us many things. • Important lessons are: • that fast and consistent will always beat slow and steady; • work to your competencies; • pooling resources and working as a team will always beat individual performers; • never give up when faced with failure; • and finally, compete against the situation. Not against a rival.
  • 33. We Know Money • In Short, BE STRATEGIC! • In Short, BE STRATEGIC!