The Ride of a Lifetime by Robert Iger: book notes
Dear friends,As readers enjoyed the book summary of the Cold Start Problem I shared a few weeks ago, I’m doing it again, with The Ride of a Lifetime: Lessons Learned from 15 years as CEO of the Walt Disney Company by Robert Iger. I also strongly recommend you to buy it, it is a must read! If you like this newsletter, please share about it on social networks! And if you are not subscribed yet, it's right here! 💼 Qualities of a leader👉 Optimism
➡️ I'm 100% aligned. We need optimism, being biased towards solutions. And we have to fight that in France, where people tend to be cynic-first.
➡️ On the importance of being optimistic that we can find solutions if we work hard together, and how inspiring it is. 👉 Decisiveness: The Power of Courage & Taking Risks
➡️ That is something I want us to keep improving on. We are too long at making decisions on some issues. Having the right level of analysis
➡️ I think sometimes we have that risk at Alan about over-analysing. While I really think that doing the homework and doing thought experiments are very important, spending too much time on the risk and trying to analyse everything can freeze us and prevent us from making decisions. Long shots aren’t usually as long as they seem
➡️ We have learned several times that stuff that seems huge, and very hard, becomes easier as we just start. Weighting pros and cons
➡️ When we make a list of risks and upsides, it is not about the quantity, it is about estimating how big the upside could be. Doers
🤝 Authenticity & fairness
➡️ Being one self is really important. It is also super important to over-communicate about it, and to have empathy for people who are different. 👉 The Relentless Pursuit of Perfection.
➡️ Here again, 100% agree. Pushing the boundaries of excellence makes a huge difference in terms of what you do, and it compounds. What is perfection
➡️ Perfection has a cost but is so motivating. It means getting the details right. Refusing to accept mediocrity
👉 Focus on what you can control
➡️ I’m very similar to that. 🏇 Betting on Talent
👉 Betting on people, ability more than experience
➡️ Bet on people you trust.
➡️ That is something I really want us to focus on “valuing ability more than experience”, especially when we hire. 👉 Rise up, patiently
➡️ Very important learning for Alaners, and how to focus on impact and not career to optimise for your long-term success. The importance of being patient to show your impact too. 👉 Managing creative processes & feedback
➡️ Very important when we give feedback, or comment in issues. The details can hide the big thoughts. Start positively, and focus on the one thing that could really improve the direction. 🧮 Strategy👉 Focus on strategy
➡️ Distilling your strategy (especially for large groups) in few very clear priorities help everyone seeing what the company wants to deliver.
➡️ I have learned the importance of repeating the important messages several times as we scale, and especially the why, so we are sure we are aligned on the why.
👉 M&APrice & negotiation
➡️ Being very clear from scratch on what you will accept or not, and don’t change position.
➡️ We should set prices fast in M&A even if it is a risk. Stepping out of a deal
➡️ How they stopped the Twitter deal the week-end of the closing. It is never done until you get the money. It’s already over! Please share JC’s Newsletter with your friends, and subscribe👇 Let’s talk about this together on LinkedIn or on Twitter. Have a good week! If you liked this post from 💡JC's Newsletter, why not share it? |
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