"Failure to deliver results is either due to failure to plan or failure to execute "
Product -change constantly through the process of optimization Strategy-rarely changes Vision-rarely changes too
The engine is running -acquiring new customers and serving existing ones Turning-trying to improve our product Steering-deciding if and when to pivot
The author references Henry Ford,the legendary CEO and founder of Ford,an automobile company that is still to this day operating at the highest level
What he says is Henry,before he was a CEO and successful entrepreneur,he was first an engineer who experimented with engine combustion,where one explosion triggers the next and any mistake could lead to the engine failure,this is very interesting because as seen in the following chapter he mentions experimenting again,but in this scenario he ties it to a huge finance company that created a smaller tax company that performed exceptionally well and the biggest take away from the CEO was they let the intrapreneurs experiment with any of the ideas,which let to the success of the smaller company
Going back to Ford and his experiments,the author compares the business to those explosions where says they are a catalyst to the growth of the business,where one explosion triggers the next,and from my understanding he is saying,for a business to succeed there needs to be those small explosions,which in this case are experiments on products,which can be ways to improve existing products or creating new products
