Member Roundtable – Crafting a Flywheel

EO Chicago members, Paul Pagel and Alex Zatvor, will be leading this hands-on workshop designed to help businesses develop their own Flywheel, a concept introduced by Jim Collins. It emphasizes a collaborative approach, with small groups working through exercises to gain clarity on the essential components of their business’s growth cycle.

Key Concepts:

• Flywheel Effect: This concept describes how small, consistent efforts in a particular direction build momentum over time, leading to significant growth.
• Virtuous Cycle: The Flywheel represents a self-reinforcing loop where each component feeds and accelerates the next, generating sustainable growth.
• Components: The workshop helps participants identify the key elements that drive their business’s momentum.

Expected Outcomes:

• Clearer understanding of the business’s growth drivers: Participants gain a deeper insight into how their business creates momentum.
• Formalized Flywheel Diagram: The workshop will lead to a diagram representing the business’s unique Flywheel, visually illustrating the virtuous cycle.
• Improved Strategic Focus: By understanding the Flywheel, businesses can better align their efforts and investments for maximum impact.

In summary, the “Crafting a Flywheel” workshop provides a structured, hands-on approach to implementing Jim Collins’ Flywheel concept, empowering businesses to understand and leverage their growth mechanisms.