Psa never recovered and fired more cannonballs tried

Info icon This preview shows pages 17–22. Sign up to view the full content.

PSA never recovered and fired more cannonballs Tried to launch a joint venture with Braniff Airlines, hoping for a short cut, in becoming a national carrier. (Braniff went bankrupt) Shut down for 52 days because of a pilot strike Unexpected delays when it shifted over to McDonnell Douglas DC-9-80s, leaving them short of aircraft just as the pilot strike ended clashing with their on time reliable reputation Tried to move into the oil and gas business December 8, 1986 PSA was bought out by US Air
Image of page 17

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

10xers (69% calibration rate) fired cannonballs Had an intended target Comparison companies (22% calibration rate) Fired uncalibrated cannonballs Cannonballs flying all over the place Calibrated cannonballs have an 83% success rate over the 23% success rate of uncalibrated cannonballs
Image of page 18
Calibrated Cannonballs Higher rate of success Uncalibrated Cannonballs Can be successful, but that can be more dangerous Ex: Tell your friend to go gamble and they win
Image of page 19

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

Would you advise a friend or relative to go to Las Vegas and bet half of his entire net worth on a single spin of the roulette table? Suppose your friend believes that people win big only if they make big risky bets on games like roulette, and he heads off to Vegas, places a huge roulette bet, and wins. He comes home and says, "See, it's a good idea to bet on roulette, just look at my success. I'm going back next week to bet my entire net worth!"
Image of page 20
10XERS LEARN FROM THEIR FOLLIES The 10X cases didn't have perfect records in calibrating their cannonballs. When 10Xers fire un-calibrated cannonballs, they quickly learn from mistakes
Image of page 21

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

Intel made an uncalibrated bet in the 1990s to push the personal computer industry to a new memory technology from RAMBUS; it failed. But in the rare instances in which the 10X cases fired uncalibrated cannonballs, they quickly learned from their mistakes and returned to a bullets-then-cannonballs approach.
Image of page 22
This is the end of the preview. Sign up to access the rest of the document.
  • Spring '17
  • dr khurram
  • dallas love field, Pacific Southwest Airlines

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern