2,000 Percent Squared Solution

Overview

The 2,000 Percent Squared Solution is the first book to show you how to add 20 times more revenues and operate at 96 percent less cost using the same time, effort, and resources. This book builds on the principles in the world-wide best seller, The 2,000 Percent Solution.

Examples alternate between explaining how for-profit companies can grow profits by 400 times and showing how nonprofit organizations can serve 400 times as many beneficiaries....

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The 2,000 Percent Squared Solution

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Overview

The 2,000 Percent Squared Solution is the first book to show you how to add 20 times more revenues and operate at 96 percent less cost using the same time, effort, and resources. This book builds on the principles in the world-wide best seller, The 2,000 Percent Solution.

Examples alternate between explaining how for-profit companies can grow profits by 400 times and showing how nonprofit organizations can serve 400 times as many beneficiaries.

With The 2,000 Percent Squared Solution, readers can gain the benefits of 20 2,000 percent solutions from only 2 complementary solutions focused on growth and cost reductions.

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Product Details

  • ISBN-13: 9780615142760
  • Publisher: Mitchell and Company Press
  • Publication date: 4/28/2007
  • Pages: 312
  • Product dimensions: 6.36 (w) x 9.45 (h) x 1.10 (d)

Meet the Author

Donald Mitchell is a coauthor of the following books that contribute to the 400 Year Project: The 2,000 Percent Solution; The Portable 2,000 Percent Solution; The 2,000 Percent Solution Workbook; The 2,000 Percent Squared Solution; The Irresistible Growth Enterprise; and The Ultimate Competitive Advantage. During his career as chairman of Mitchell and Company, strategy consultants in Weston, Massachusetts, he has worked with hundreds of leading organizations to pioneer new best practices. He is a graduate of Harvard College and Harvard Law School.
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Read an Excerpt

Introduction

Two roads diverged in a wood, and I -
I took the road less traveled by,
And that has made all the difference.
- Robert Frost, "The Road Not Taken"

In Search of Great Solutions

Before creating the 2,000 percent solution process, we noticed that most of the world's best solutions to important problems were put into use by a few people more than 400 years before broad adoption. Consider the mortar in Roman roads. Visit Italy and you see roads that are still in use after more than 1,500 years. Watch the new concrete highways near your home, and they will soon be crumbling from ice damage, leaving endless potholes. True, the Romans didn't have large semis carrying heavy loads on their roads. But the Romans were clearly ahead of their time when it came to making roads built to last.
The Romans knew that ice is the enemy of roads. Water needs cracks to get into before it freezes and causes damage. The Romans drew from the pumice that had spewed out of Mount Etna to create finely ground, glass-based powder. When mixed into their mortar, the material became ice resistant.
By contrast, the local contractor building your concrete highway wins the bid based on the lowest price. In that environment, contractors are unlikely to insist that better roads be built. The contractor usually puts coarse material (like sand and finer bits of gravel) into the concrete. Water finds it easy to penetrate, freeze, and expand, thus destroying the concrete containing these coarse materials. Some contractor then gets to rebuild the road and make a second profit, and a third, and so on. You and I pay the bills through higher gasoline taxes. We alsohave to align our cars more frequently.
Recently, some governments have grown wiser. They specify that the concrete has to use fine-grained material like fly ash from coal-fired plants. Fly ash is very cheap, even less costly than sand, so look for your roads to last longer in the future. How long will these roads last? We won't know for decades, but it's a nice prospect to consider.
If a solution that obvious has been overlooked for so long, we wondered "What else are we missing?" It turns out that there's a huge backlog of great ideas we can use to make exponential progress in overcoming important problems. Let's consider the ways to make such exponential progress in more detail.
Here's a reminder of what a 2,000 percent solution is: Any method of producing a 20 times increase in the usual results with the same amount of time and effort, or producing the same results with zero-to-four percent of the current time and resources . . . or some equally effective combination of both approaches. The road example may have the potential to fit that description; you may be able to build some roads that last 21 times as long for less money and effort.
Here's what else we learned about making large improvements. Most people apply the 2,000 percent solution process to one improvement opportunity at a time. The three most popular choices for creating such solutions have been:
1. Speeding up a sluggish process that's filled with unnecessary delays
2. Accelerating a slow rate of making cost reductions
3. Eliminating errors in an ineffective process
By themselves, such improvements provide remarkable benefits for stakeholders (those who are affected by the organization's or the individual's efforts) and delight those who develop the solutions. We congratulate all who have accomplished such fine results.
Relatively few, however, take the poetic road "less traveled by" to seek first expanding usage by 21 times . . . but that road makes "all the difference." Why is that more desirable road usually avoided? We think it has something to do with low self-esteem. New 2,000 percent solution creators often tell us during the early stages of their investigations that they lack confidence they will succeed. Unless they cannot find a real mess in an existing activity that seems easy to fix, these new solution creators are unlikely to want to tackle expanding usage. Paradoxically, such expansions usually also deliver astonishingly better ways to speed up sluggish processes, accelerate cost reductions, develop better offerings, and eliminate errors. This opportunity to greatly expand usage seems to be one of those rare cases where you can have your cake and eat it too!
When both usage and delivery effectiveness improve, stakeholders can gain 20 times more benefits than from either improvement alone. When that combination happens, these two complementary 2,000 percent solutions acquire the power of 20 or more individual 2,000 percent solutions. That's what we mean by a 2,000 percent squared solution. You can also think of this concept as developing a 40,000 percent solution, or a 400 times increase in benefits.
To some, that goal may seem remote. Keep an open mind while we share some examples of our experiences in creating 2,000 percent squared solutions for inexpensively attracting more readers to our books.
In 1998, a best-selling author friend told us that it was important to distribute tens of thousands of free copies of business books either just before the book is published or right after publication. Tom Peters, coauthor of In Search of Excellence (reissue edition, Warner Books, 1988), tells the same story about one aspect of how that book became a blockbuster.
When The 2,000 Percent Solution was being written, we heeded that advice. Before publication, we sent out thousands of draft copies for advance reading. After publication, we sent out thousands more free copies of the completed book to influential readers. In addition, we created a Web site for the book and put all but two chapters online there for free reader access. The cost to do this sampling was over $40,000. We estimate that these activities have directly yielded 20,000 people who have read some part of that book. That means our cost per reader for just this activity was about $2.00. Since royalties on books like ours are usually around $2.00, this was a money-losing proposition unless this distribution yielded sales of at least 20,000 additional books. In the case of our friend, this was no concern because his company had paid this sampling expense. Our costs, however, came out of our personal pockets. We needed to do better.
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Table of Contents

Background Briefing 1: What Is a 2,000 Percent Solution?

Background Briefing 2: Why Are 2,000 Percent Solutions Available for Almost Any Activity?

Prologue

Acknowledgments

Introduction

Part One: Build the High-Speed Road to 21 Times More Availability

Chapter 1: Find the Ideal Route
Determine What Benefits to Make More Available

Chapter 2: Locate Obstacles Along the Ideal Route
Identify the Barriers to Universal Usage

Chapter 3: Design an Efficient Route Under, Over, and Around the Worst Obstacles
Decide on Which Usage Barriers to Minimize

Chapter 4: Remove Some Road-Building Obstacles
Design Away Usage Barriers

Chapter 5: Publish a New Route Map and Erect New Road Signs
Let Everyone Know and Help Them Understand the Improved Choices

Part Two: Follow the High-Speed Road Inexpensively to Enjoy Increased Benefits for 96 Percent Less Cost

Chapter 6: Sell Your Gas Guzzler
Eliminate the Unnecessary

Chapter 7: Buy the Economy Model
Employ an Efficient Business-Model Design

Chapter 8: Tune Up Your Engine to Avoid Stalls
Cancel Delays

Chapter 9: 1, 2, 3, Go!
Simplify, Simplify Again, and Simplify Some More

Chapter 10: Supply Driver's Education
Help the Unskilled Avoid Accidents

Chapter 11: Use Cruise Control
Automate Important Tasks That Remain

Chapter 12: Write a Great Owner's Manual
Add Do-It-Yourself Features

Chapter 13: Take Out Insurance
Check Your Solutions with Outsourcing

Chapter 14: Pump YourOwn Gas
Replace Expensive Outsourcing

Chapter 15: Buy a Lifetime Warranty
Ask the World to Compete to Find Breakthrough Methods

Chapter 16: Have 30,000 Mile Checkups
Repeat the Cost-Reduction Steps

Epilogue

About the Authors

2,000 Percent Squared Solution Products and Services

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