John “Jack” Welch is probably one of the most legendary leaders alive. Within 20 years of being CEO, he transformed General Electric from its worth of a few billion dollars to a net worth of half a trillion dollars! His one constant emphasis to all wanting to do well is to ‘take more swings’ (a connection to his baseball background). And the fact that it doesnt matter how many times you miss, but the number of times you try that really matters!
This insight helped me understand. There are many reactions to the obvious success of the United States. There are friends of mine who love digging up conspiracy theories about the states and, hence its success, yet other dismiss it and keep pointing at the “growing” and “future powers”. As time has passed, these have shifted from Germany at various times to Japan to China etc.(Its helpful to note whats the most in demand language in the world. Its gradually shifted from European languages and Japanese to Mandarin these days..)
Anyway, digressions apart, I’m astounded to know that, of revenue earned by the country, the United States spends 12 times more than an average developing country on research and development. As someone wiser than me once illustrated, it basically meant betting on 2 guys shooting a basketball through a hoop – one guy taking 1 shot and the other taking 12 shots. Now, even if it was Michael Jordan vs me(taking the 12 shots) – notwithstanding my primitive basketball skills, you would bet on 12 shots doing the trick. Sounds like a simple and straight forward answer, doesn’t it?
Voila! Here’s the answer..