The Marginal Gains Principle gained notoriety at the turn of the last decade when the British Cycling Team used it to achieve success at the Tokyo 2008 Olympics Games and followed it up by achieving further success in London 2012 and Rio 2016.
British cyclists won a total of 22 Gold Medals across the last 3 Olympic Games. Team Sky also won 7 out of the last 9 Tour de France races.
How did they do it?
They made lots of tiny improvements which in isolation probably wouldn't make a significant impact but when added together the cumulative effect was that they made a huge difference. For example, as well as washing their hands more regularly, they painted everything in their training environment white so that they could spot dust easily and clean it which in turn meant that athletes missed less training through illness. Another thing they did was they took their own pillows to hotels which meant they got better quality sleep than their competitors.
What if you applied the Marginal Gains Principle to business?
Since I am a Finance Trainer, let me use this as an example. I believe that providing one or two days of finance training to non-finance managers will result in significant improvements to a business's bottom line. However, what if it only resulted in marginal gains?
Here are 5 areas in which Finance Training can help:
Even the slightest of improvements in each of these areas could add up to make a big difference.
Why not try my Marginal Gains Calculator to see the effect on your company's bottom line?
Enter your company's figures in the calculator below and use the sliders to find out how much difference it makes.
Naeem Anwar FCA
Naeem Anwar Training Ltd, Europa House, Barcroft Street, Bury, BL9 5BT. Company No. 13306393. Registered in England and Wales. VAT No. 381 1911 07
Copyright © 2021 Naeem Anwar Training - All Rights Reserved.