Predictable Success audiobook cover - Getting Your Organization on the Growth Track – and Keeping it There

Predictable Success

Getting Your Organization on the Growth Track – and Keeping it There

Les McKeown

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Key Takeaways from Predictable Success

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Predictable Success
Core Philosophy+
Stages to Success+
Overcoming Whitewater+
Stages of Decline+
Maintaining the Sweet Spot+

Quiz — Test Your Understanding

Question 1 of 7
What is the primary determining factor for a company to achieve 'predictable success'?
  • A. Having billions of dollars in cash reserves
  • B. Being in business for over a decade
  • C. Having effective management with a strong vision
  • D. Scaling the business rapidly during the initial stages
Question 2 of 7
What is the author's key financial rule for surviving the 'early struggle' stage of a business?
  • A. Secure at least three times as much cash as you think you will need.
  • B. Reinvest all profits back into the company's marketing budget.
  • C. Take out significant bank loans to fund rapid expansion.
  • D. Cut operational costs by 50% to ensure a healthy profit margin.
Question 3 of 7
What characterizes the 'whitewater' stage of organizational development?
  • A. The company focuses entirely on bureaucratic processes instead of customers.
  • B. Demand for the product outpaces supply, leading to mistakes and unhappy customers.
  • C. The business struggles to find enough buyers for its initial product launch.
  • D. The founders become bored and sell their majority stakes to larger conglomerates.
Question 4 of 7
According to the book, what happens to a company when it enters the 'treadmill' stage?
  • A. It fails to adapt to new technologies and is forced to fold.
  • B. It experiences an onslaught of orders that ruins product quality.
  • C. It becomes overly dependent on established systems and loses its creative streak.
  • D. It completely runs out of cash because of overspending during the fun stage.
Question 5 of 7
How should management adapt its decision-making process to successfully move from 'whitewater' to predictable success?
  • A. Centralize all decisions at the executive level to ensure quality control.
  • B. Simplify the process by empowering employees at every level to make decisions.
  • C. Hire external consultants to make all major operational choices.
  • D. Implement strict numerical evaluations for every decision made.
Question 6 of 7
Why is it necessary to 'institutionalize risk-taking' once a company achieves predictable success?
  • A. It is the only way a company can continue to learn, innovate, and remain flexible.
  • B. It allows the company to make wild bets on extraneous products to dominate new markets.
  • C. It ensures that founders remain excited enough to stay with the company.
  • D. It forces the bureaucracy to collapse so the company can return to the fun stage.
Question 7 of 7
According to the author, why is a CEO with a completely full calendar a sign of business weakness?
  • A. It indicates that the CEO is too focused on qualitative rather than quantitative metrics.
  • B. It shows the company is stuck in the death rattle stage and desperately trying to survive.
  • C. It proves the CEO is micromanaging the sales and operations teams.
  • D. It means the CEO has no free time to innovate, dream, or create.

Predictable Success — Full Chapter Overview

Predictable Success Summary & Overview

Predictable Success (2010) is a step-by-step guide that lays out the different stages of organizational development that occur on the path to sustainable success. The author provides tips and strategies for every phase of the process, showing you what it takes to achieve – and then maintain – predictable success, year after year.

Who Should Listen to Predictable Success?

  • Anyone who’s trying to found a company
  • Managers and CEOs in every kind of organization
  • Anyone who feels that their organization has become stuck on its path to success

About the Author: Les McKeown

Les McKeown is the president and CEO of Predictable Success. He has personally founded over 40 companies, including an incubation consulting company that has itself launched hundreds of businesses worldwide. His clients include the US Army, Harvard University, Microsoft, VeriSign and more. McKeown has been featured on CNN, ABC, BBC and in USA Today and the New York Times.

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