New Story of the Hare and Tortoise

download New Story of the Hare and Tortoise

of 38

Transcript of New Story of the Hare and Tortoise

  • 8/3/2019 New Story of the Hare and Tortoise

    1/38

  • 8/3/2019 New Story of the Hare and Tortoise

    2/38

    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 andstarted off the race.

  • 8/3/2019 New Story of the Hare and Tortoise

    3/38

    This is the version of the storythat we've all grown up with.

    3

  • 8/3/2019 New Story of the Hare and Tortoise

    4/38

    But then recently, someone toldme a more interesting version of

    this story. It continues.

    4

  • 8/3/2019 New Story of the Hare and Tortoise

    5/38

    The hare was disappointed at losingthe race and he did some Defect

    Prevention (Root Cause Analysis). He

    realised that he'd lost the race onlybecause he had been overconfident,

    careless and lax.

    5

  • 8/3/2019 New Story of the Hare and Tortoise

    6/38

    If he had not taken things forgranted, there's no way the tortoise

    could have beaten him. So he

    challenged the tortoise to anotherrace. The tortoise agreed.

    6

  • 8/3/2019 New Story of the Hare and Tortoise

    7/38

    This time, the hare went all outand ran without stopping from

    start to finish. He won by several

    miles.

    7

  • 8/3/2019 New Story of the Hare and Tortoise

    8/38

    The moral of the story Fastand consistent will always

    beat the slow and steady.

    8

  • 8/3/2019 New Story of the Hare and Tortoise

    9/38

    If you have two people in yourorganisation, one slow, methodical and

    reliable, and the other fast and still

    reliable at what he does, the fast and

    reliable chap will consistently climb theorganisational ladder faster than the slow,

    methodical chap.

    9

  • 8/3/2019 New Story of the Hare and Tortoise

    10/38

    It's good to be slow andsteady; but it's better to be

    fast and reliable.

    10

  • 8/3/2019 New Story of the Hare and Tortoise

    11/38

    He thought for a while, and thenchallenged the hare to another

    race, but on a slightly different

    route.

    11

  • 8/3/2019 New Story of the Hare and Tortoise

    12/38

    But the story doesn't end here. Thetortoise did some thinking this time,

    and realised that there's no way he

    can beat the hare in a race the way itwas currently formatted.

    12

  • 8/3/2019 New Story of the Hare and Tortoise

    13/38

    The hare agreed. They started off. Inkeeping with his self-made

    commitment to be consistently fast,

    the hare took off and ran at top speeduntil he came to a broad river.

    13

  • 8/3/2019 New Story of the Hare and Tortoise

    14/38

    The finishing line was a couple ofkilometers on the other side of the

    river.

    14

  • 8/3/2019 New Story of the Hare and Tortoise

    15/38

    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.

    15

  • 8/3/2019 New Story of the Hare and Tortoise

    16/38

    The moral of the story? First identifyFirst identifyyour core competency and thenyour core competency and then

    change the playing field to suit yourchange the playing field to suit your

    core competency.core competency.

    16

  • 8/3/2019 New Story of the Hare and Tortoise

    17/38

    In an organization, if you are a goodspeaker, make sure you create

    opportunities to give presentations that

    enable the senior management to notice

    you.

    17

  • 8/3/2019 New Story of the Hare and Tortoise

    18/38

    If your strength is analysis, make sureyou 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.

    18

  • 8/3/2019 New Story of the Hare and Tortoise

    19/38

    The story still hasn't ended.

    19

  • 8/3/2019 New Story of the Hare and Tortoise

    20/38

    The hare and the tortoise, by thistime, had become pretty good friends

    and they did some thinking together.

    Both realised that the last race couldhave been run much better.

    20

  • 8/3/2019 New Story of the Hare and Tortoise

    21/38

    So they decided to do the lastrace again, but to run as a team

    this time.

    21

  • 8/3/2019 New Story of the Hare and Tortoise

    22/38

    They started off, and this time the harecarried the tortoise till the riverbank.

    There, the tortoise took over and swam

    across with the hare on his back.

    22

  • 8/3/2019 New Story of the Hare and Tortoise

    23/38

    On the opposite bank, the hare againcarried the tortoise and they reached the

    finishing line together. They both felt a

    greater sense of satisfaction than they'd

    felt earlier.

    23

  • 8/3/2019 New Story of the Hare and Tortoise

    24/38

    The moral of the story? It's good to beIt's good to beindividually brilliant and to have strong coreindividually brilliant and to have strong core

    competencies; but unless you're able to work incompetencies; but unless you're able to work in

    a team and harness each other's corea team and harness each other's core

    competencies, you'll always perform below parcompetencies, you'll always perform below parbecause there will always be situations at whichbecause there will always be situations at which

    you'll do poorly and someone else does well.you'll do poorly and someone else does well.

    24

  • 8/3/2019 New Story of the Hare and Tortoise

    25/38

    Teamwork is mainly aboutsituational leadership, letting the

    person with the relevant core

    competency for a situation takeleadership.

    25

  • 8/3/2019 New Story of the Hare and Tortoise

    26/38

    There are more lessons to belearnt from this story.

    26

  • 8/3/2019 New Story of the Hare and Tortoise

    27/38

    Note that neither the hare nor the tortoisegave up after failures. The hare decided to

    work harder and put in more effort after

    his failure.

    27

  • 8/3/2019 New Story of the Hare and Tortoise

    28/38

    The tortoise changed his strategy becausehe 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.

    28

  • 8/3/2019 New Story of the Hare and Tortoise

    29/38

    Sometimes it is appropriate to changestrategy and try something different. And

    sometimes it is appropriate to do both.

    29

  • 8/3/2019 New Story of the Hare and Tortoise

    30/38

    The hare and the tortoise also learntanother vital lesson. When we stop

    competing against a rival and instead

    start competing against the situation, we

    perform far better.

    30

  • 8/3/2019 New Story of the Hare and Tortoise

    31/38

    When Roberto Goizueta took over asCEO of Coca-Cola in the 1980s, he was

    faced with intense competition from Pepsi

    that was eating into Coke's growth.

    31

  • 8/3/2019 New Story of the Hare and Tortoise

    32/38

    His executives were Pepsi-focussed and intent on

    increasing market share 0.1 per

    cent a time.

    32

  • 8/3/2019 New Story of the Hare and Tortoise

    33/38

    Goizueta decided to stop competingagainst Pepsi and instead compete

    against the situation of 0.1 per cent

    growth.

    33

  • 8/3/2019 New Story of the Hare and Tortoise

    34/38

    He asked his executives what was theaverage 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.

    34

  • 8/3/2019 New Story of the Hare and Tortoise

    35/38

    The competition wasn't Pepsi. It was thewater, 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.

    35

  • 8/3/2019 New Story of the Hare and Tortoise

    36/38

    To this end, Coke put up vendingmachines at every street corner.

    Sales took a quantum jump and

    Pepsi has never quite caught upsince.

    36

  • 8/3/2019 New Story of the Hare and Tortoise

    37/38

    To sum up, the story of the hare and tortoise teaches usmany things.

    Important lessons are:

    that fast and consistent will always beat slowthat fast and consistent will always beat slow

    and steady;and steady;work to your competencies;work to your competencies;

    pooling resources and working as a team willpooling resources and working as a team willalways beat individual performers;always beat individual performers;

    never give up when faced with failure;never give up when faced with failure;

    and finally, compete against the situation. Notand finally, compete against the situation. Notagainst a rival.against a rival.

    37

  • 8/3/2019 New Story of the Hare and Tortoise

    38/38

    38

    In Short, BE

    STRATEGIC!

    In Short, BE

    STRATEGIC!