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	<title>When Growth Stalls &#187; arnold palmer</title>
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	<link>http://whengrowthstalls.com/blog</link>
	<description>In &#34;When Growth Stalls&#34; Steve McKee exposes the characteristics that commonly correlate with stalled growth, and how to combat them.</description>
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		<title>No Regrets, No Rewards</title>
		<link>http://whengrowthstalls.com/blog/2009/10/no-regrets-no-rewards.html</link>
		<comments>http://whengrowthstalls.com/blog/2009/10/no-regrets-no-rewards.html#comments</comments>
		<pubDate>Thu, 22 Oct 2009 07:30:00 +0000</pubDate>
		<dc:creator>Steve McKee</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[arnold palmer]]></category>
		<category><![CDATA[business risk]]></category>
		<category><![CDATA[loss of nerve]]></category>

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		<description><![CDATA[Who said it: Did I behave irresponsibly? Not totally, because I had something in mind I wanted to do. Am I sorry for what I did? Yes, I am. Would I do it differently? Probably not. It&#8217;s the way I was, and that&#8217;s something I have to live with today.&#8221; Sounds like a corporate creep [...]]]></description>
			<content:encoded><![CDATA[<p>Who said it:</p>
<p><em><a href="http://online.wsj.com/article/SB10001424052970203585004574392840570313548.html">Did I behave irresponsibly? Not totally, because I had something in mind I wanted to do. Am I sorry for what I did? Yes, I am. Would I do it differently? Probably not. It&#8217;s the way I was, and that&#8217;s something I have to live with today.&#8221;</a></em></p>
<p>Sounds like a corporate creep who got caught with his hand in the till, doesn&#8217;t it? But it&#8217;s not. It&#8217;s Arnold Palmer, one of golf&#8217;s all-time greats, reflecting on a decision he made in the 1966 U.S. Open. Palmer had a seven-stroke lead on the final day but ended up losing in a playoff. Why? Because he had the opportunity to break the Open scoring record, and he went for it rather than playing it safe.</p>
<p>That day, Arnold Palmer lost. But today he&#8217;s recognized as a sports icon because he played the game to win. He lost his share, but he was a fierce competitor whose career speaks for itself. Sometimes in business&#8211;especially when growth stalls&#8211;we play not to lose rather than going for the win. There&#8217;s evidence of it in every industry, including my own&#8211;some big advertisers fear running any ad that hasn&#8217;t been vetted to the extreme (despite the fact that the &#8220;science&#8221; of ad pre-testing is unsophisticated and unreliable).</p>
<p>Instead of trying to be sure of everything before we risk anything, how about adopting Palmer&#8217;s attitude and simply going for it? I&#8217;m not talking about being irresponsible&#8211;Arnold Palmer was neither unprepared nor foolish; he simply believed that his natural abilities, hours of practice and years of judgment equipped him to take qualified risks.</p>
<p>Allow for the fact that some ideas are going to work better than others. Recognize that the arc of progress is much more important than any point along it. <em>Try stuff</em>. It&#8217;s a good strategy&#8211;in good times and bad.</p>
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