We at P5G are privileged to have countless interactions with enterprise executives every year, focused on their successes and challenges in driving operational excellence (OpEx) in their business.
In many cases these interactions result in a dialogue on what I like to call their “investment thesis,” or their organization’s overall philosophy and approach toward investing in OpEx.
A common response to our questions on investing in OpEx goes something like this...
As many of you know, the U.S. Men's Olympic Basketball Team won the gold medal at the just-completed Rio Olympic Games. This marks the 3rd straight gold medal for that group in this event. Casual fans that may not stay abreast of the successes and failures of the Olympic Team, may just assume that U.S. basketball has dominated the Games since the original "Dream Team" was put together back in 1992. But that's not the case.
The United States men's and women's track and field teams are generally considered to be among the best in the world. Some of the greatest Olympians of all time are US track athletes, including Jim Thorpe, Jesse Owens, Jackie Joyner Kersee, Florence Griffith Joyner, and Carl Lewis.
So it was no surprise heading into the 2008 Olympic Games in Beijing that both the US men's and women's track and field squads were expected to perform well. But things didn't exactly go according to expectations that year. And in order for this year's Rio competitors to prevent history from repeating itself, there are some lessons to take away from those that came before them.
As I'm sure you know, the 2016 Summer Olympic Games are off to a great start. I know I'm not the only one who gets excited to watch the world's premier athletes compete at the highest level for the right to say that they're the best at what they do. The diverse array of events is a great attraction as it offers the opportunity to reconnect with sports like gymnastics, track & field, and swimming, that aren't necessarily ingrained into our nation's consciousness, and for sports like basketball and golf that do have greater resonance, the Olympics are compelling because the athletes we know are now performing in an entirely different context.