Amazon calculates a product’s star ratings based on a machine learned model instead of a raw data average. The model takes into account factors including the age of a rating, whether the ratings are from verified purchasers, and factors that establish reviewer trustworthiness.
As I said in my header, this book is easy to read and you will find things you can use in your organization. It is about acceleration without losing quality. The fable used to convey the message was interesting and you can see the lessons. Strongly recommend it.
Reading this book is an enjoyable way to learn a business concept. I was seeking a business book to read and found Formula X which presents a business concept in a novel format. It’s an easy way to learn. The book gives insight to how employees first react to the change and describes their fears and concerns about change from their normal procedures.
The book shows how to involve and help staff to become more efficient and how to engage employees to achieve their highest potential.
There are few business fables I hold in high regard. Most have a weak story and/or insufficient substance. Exceptions include the works of Eliyahu Goldratt, Patrick Lencioni, and Mark Miller. I also like Stephen Denning's Squirrel Inc. but other bestsellers such as Who Moved My Cheese? and The One-Minute Manager, not so much.
Jurriaan Kamer and Rini van Solingen have written a book in which they use the business fable format to explain "how to reach extreme acceleration" in almost any organization, whatever its size and nature may be. I realize that in Formula 1 racing, extreme acceleration is essential to winning a race. So is down-shifting. However, I was curious to see how Kamer and van Solingen illustrate its relevance to a business world that is more volatile, more uncertain, more complex, and more ambiguous now than at any prior time I can recall.
The details of the story -- KitchenQuick's background, setting, key players, current crisis, plot developments, climax/resolution -- are best revealed within the narrative, in context. My own opinion is that the story doesn't work [begin italics] as a story [end italics] but serves as a somewhat wobbly framework to support the information, insights, and counsel that Kamer and van Solingen share.
There really are some valuable lessons to be learned from F1 racing and don't forget that it is a relatively small but very expensive business, with competing teams costing as much as $18-20 million a year and individual cars costing $2-3 million. Here's an acronym for the ingredients of the "secret sauce" of success:
Focus and clarity: A compelling vision that drives those who share it Accelerate decisions: Distributed authority that can make reversible decisions Simplify (Einstein: "Make everything as simple as possible but no simpler." Team management: Saint Paul: "Many parts, one body." Elementary physics: Speed, acceleration, deceleration, and agility Rhythmic learning: Create revelations with "a cadence of recurring interaction moments"
The recommendations in this book are provided for thoughtful consideration. Presumably Jurriaan Kamer and Rini van Solingen agree with me, however, that it would be a fool's errand for a reader to adopt and then attempt to apply all of them. Invoking automotive nomenclature, I am again reminded that all organizations have an engine as well as a multi-gear transmission, an accelerator pedal, and a brake.
F1 team members and especially their drivers know WHAT to do and not do, WHEN, and HOW. The same is true of business teams that consistently achieve peak performance.
Formula X is a treatise in how faster organizations can not only increase the speed in delivering their goods and/or services but also increase the efficiency and effectiveness while doing so. The author uses a parable of Kitchen Quick and how Ronald - the CEO - quickly needs to significantly shorten the installation time of their custom kitchens to two weeks. Using a Formula I pit crew as a model and guide, the author shows how - like a pit crew - every one has a critical role to play and while each only needs to expertly know their respective role they also need to intimately know how a breakdown by one member can cause failure for all. This book was an enjoyable read packed with a lot of good guides and easily to understand concepts and how-to execute strategies. The only negative thing I will say is that Ronald as a CEO seemed either clueless or over his head personally and professionally and that sometimes led me to question if he wasn't the problem for the organization and his relationship. Overall, enjoyed the lesson and the book.
This book indicates a much larger issue then I recently thought. It's the change from an old industrial style - worker approach - to a more advanced and intelligent approach that affects all parts of industrial work. The old-style 'dummy' workers have been mostly replaced with machines and robots. Now, the change needs to be made on the communication level. How many boring meetings have you attended last month alone? This book is a great resource on how to implement fast and efficient new methods - to not only speed up the production - but also to engage in a much more intelligent way of using the human resources to its highest potential.
I found this book at just the right time. I am an ecommerce business person and I am about to scale my business to a larger audience and basically explode my exposure on-line. In doing this I have had to expand my core circle from just me to a few other individuals. I considered outsourcing because I can get a lot more done without the high cost of employees. However, my main concern was quality and my customers and future customers. This book helped me put things into perspective and gave me a great baseline and outline of how to scale quickly without sacrificing quality. Great book for the growing entrepreneur.
The author's of this novel really wrote a "how to" guide for streamlining business in general and accelerating work and performance, but didn't format the information in a "how to" guide. Instead, they wrote a story (I'm not sure whether Kitchen Quick was an actual business or Ronald and the other characters were real) - but the important information; team building, employee empowerment, decentralized decision making, etc. was shown to the reader in a story format rather than endless pages of lists and flow charts. The author's did a great job on this!