Unformatted text preview: firms had delivered performance so unlikely that it was probably due to something remarkable about them. Using this method, we evaluated 287 allegedly high-performing companies in 13 major success studies. We found that only about one in four of those firms was likely to be remarkable; the rest were indistinguishable from mediocre firms catching lucky breaks. By our method, even in the study with the best hit rate, only slightly more than half the high performers had profiles that were credibly attributable to something special about the firms. In short, what qualifies as remarkable performance is anything but self-evident. This doesn’t mean you should necessarily dismiss the advice offered in success studies. But, success studies should be treated not as how-to manuals but as sources of inspiration and fuel for introspection....
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This note was uploaded on 09/21/2011 for the course ECON 101 taught by Professor Flah during the Spring '10 term at Punjab Engineering College.
- Spring '10