Reflecting on today’s Commerce Data Advisory Committee meeting, I think about the “flywheel effect,” a term coined by Jim Collins, author of the landmark book, “Good to Great,” (about how good companies become great).
The flywheel effect says the toughest challenge is getting a giant wheel to begin turning. You have to keep pushing. And it takes many shoulders on the wheel. But at some point, the momentum kicks in, and the flywheel starts to turn on its own momentum. Then—boom—it takes off.