The Flywheel Effect is a concept developed in Jim Collin’s book Good to Great. He argues that a good-to-great transformation never happen in one fell swoop. In building a great company, or social sector enterprise, there is no single defining action, no grand program, no one killer innovation, no solitary lucky break, no miracle moment. Rather, the process resembles relentlessly pushing a giant, heavy flywheel, turn upon turn, building momentum until a point of breakthrough, and beyond.
Rick Kettner provides a great summary of the concept here or you can watch his YouTube video below.
Please note: Rick Kettner references both Amazon and the Joe Rogan Experience when explaining the Flywheeel Effect. I am personally opposed to both companies, but I have included Kettner’s video, as I think he does an excellent job in summarizing Jim Collins’ overall concept; and it is of equal value to small businesses, artists, and not-for-profits.