PowerPoint Presentation: 1 New Story of the Hare and Tortoise PowerPoint Presentation: Once upon a time a tortoise and a hare had an argument about who was faster. They decided to settle the argument with a race. They agreed on a route and started off the race. PowerPoint Presentation: The hare shot ahead and ran briskly for some time. Then seeing that he was far ahead of the tortoise, he thought he'd sit under a tree for some time and relax before continuing the race. PowerPoint Presentation: He sat under the tree and soon fell asleep. The tortoise plodding on overtook him and soon finished the race, emerging as the undisputed champ. PowerPoint Presentation: The hare woke up and realized that he'd lost the race. The moral of the story is that slow and steady wins the race. PowerPoint Presentation: This is the version of the story that we've all grown up with. But then recently, someone told me a more interesting version of this story. It continues. PowerPoint Presentation: The hare was disappointed at losing the race and he did some Defect Prevention (Root Cause Analysis). He realized that he'd lost the race only because he had been overconfident, careless and lax. PowerPoint Presentation: If he had not taken things for granted, there's no way the tortoise could have beaten him. So he challenged the tortoise to another race. The tortoise agreed. PowerPoint Presentation: This time, the hare went all out and ran without stopping from start to finish. He won by several miles. PowerPoint Presentation: The moral of the story ？ Fast and consistent will always beat the slow and steady. PowerPoint Presentation: If you have two people in your organisation, one slow, methodical and reliable, and the other fast and still reliable at what he does, the fast and reliable chap will consistently climb the organisational ladder faster than the slow, methodical chap. PowerPoint Presentation: It's good to be slow and steady; but it's better to be fast and reliable. PowerPoint Presentation: But the story doesn't end here. The tortoise did some thinking this time, and realised that there's no way he can beat the hare in a race the way it was currently formatted. PowerPoint Presentation: He thought for a while, and then challenged the hare to another race, but on a slightly different route. PowerPoint Presentation: The hare agreed. They started off. In keeping with his self-made commitment to be consistently fast, the hare took off and ran at top speed until he came to a broad river. PowerPoint Presentation: The finishing line was a couple of kilometers on the other side of the river. PowerPoint Presentation: The hare sat there wondering what to do. In the meantime the tortoise trundled along, got into the river, swam to the opposite bank, continued walking and finished the race. PowerPoint Presentation: The moral of the story? First identify your core competency and then change the playing field to suit your core competency. PowerPoint Presentation: In an organisation, if you are a good speaker, make sure you create opportunities to give presentations that enable the senior management to notice you. PowerPoint Presentation: If your strength is analysis, make sure you do some sort of research, make a report and send it upstairs. Working to your strengths will not only get you noticed but will also create opportunities for growth and advancement. PowerPoint Presentation: The story still hasn't ended. PowerPoint Presentation: The hare and the tortoise, by this time, had become pretty good friends and they did some thinking together. Both realised that the last race could have been run much better. PowerPoint Presentation: So they decided to do the last race again, but to run as a team this time. PowerPoint Presentation: They started off, and this time the hare carried the tortoise till the riverbank. There, the tortoise took over and swam across with the hare on his back. PowerPoint Presentation: On the opposite bank, the hare again carried the tortoise and they reached the finishing line together. They both felt a greater sense of satisfaction than they'd felt earlier. PowerPoint Presentation: The moral of the story? It's good to be individually brilliant and to have strong core competencies; but unless you're able to work in a team and harness each other's core competencies, you'll always perform below par because there will always be situations at which you'll do poorly and someone else does well. PowerPoint Presentation: Teamwork is mainly about situational leadership, letting the person with the relevant core competency for a situation take leadership. PowerPoint Presentation: There are more lessons to be learnt from this story. PowerPoint Presentation: Note that neither the hare nor the tortoise gave up after failures. The hare decided to work harder and put in more effort after his failure. PowerPoint Presentation: The tortoise changed his strategy because he was already working as hard as he could. In life, when faced with failure, sometimes it is appropriate to work harder and put in more effort. PowerPoint Presentation: Sometimes it is appropriate to change strategy and try something different. And sometimes it is appropriate to do both. PowerPoint Presentation: The hare and the tortoise also learnt another vital lesson. When we stop competing against a rival and instead start competing against the situation, we perform far better. PowerPoint Presentation:
When Roberto Goizueta took over as CEO of Coca-Cola in the 1980s, he was faced with intense competition from
that was eating into Coke's growth.
PowerPoint Presentation: His executives were Pepsi-focussed and intent on increasing market share 0.1 per cent a time. PowerPoint Presentation: Goizueta decided to stop competing against Pepsi and instead compete against the situation of 0.1 per cent growth. PowerPoint Presentation: He asked his executives what was the average fluid intake of an American per day? The answer was 14 ounces. What was Coke's share of that? Two ounces. Goizueta said Coke needed a larger share of that market. PowerPoint Presentation: The competition wasn't Pepsi. It was the water, tea, coffee, milk and fruit juices that went into the remaining 12 ounces. The public should reach for a Coke whenever they felt like drinking something. PowerPoint Presentation: To this end, Coke put up vending machines at every street corner. Sales took a quantum jump and Pepsi has never quite caught up since. PowerPoint Presentation: To sum up, the story of the hare and tortoise teaches us many things. Important lessons are: that fast and consistent will always beat slow and steady; work to your competencies; pooling resources and working as a team will always beat individual performers; never give up when faced with failure; and finally, compete against the situation. Not against a rival. PowerPoint Presentation: BE STRATEGIC!