My thoughts exactly—except
“Your industry’s performance explains 19% of your company’s performance.
This looks like a surprisingly small effect! Even a 50-50 split would leave room for the best entrepreneurs to succeed with very high probability if dropped into a random industry.”
doesn’t take account of the proportion of businesses that fail—if 10% (as I understand it) succeed according to some measure, then a 50-50 split would leave a fairly small probability if dropped into a random industry, as would 80-20.
My thoughts exactly—except “Your industry’s performance explains 19% of your company’s performance.
This looks like a surprisingly small effect! Even a 50-50 split would leave room for the best entrepreneurs to succeed with very high probability if dropped into a random industry.”
doesn’t take account of the proportion of businesses that fail—if 10% (as I understand it) succeed according to some measure, then a 50-50 split would leave a fairly small probability if dropped into a random industry, as would 80-20.