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      "text": "However, for the entire 2017–23 period, the Straggler would have foregone $11.8 billion of potential revenue.",
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      "text": "Lost revenue from being a Straggler: To better understand the opportunity cost of being a Straggler, we modelled a hypothetical Pacesetter and Straggler, both with revenue of $10 billion. To estimate the potential lost revenue for 2017-20—as well as the hypothetical future lost revenue for 2021-23—from being a Straggler, we calculated the average compound annual revenue growth rate (past and forecasted) for both Pacesetters and Stragglers. We found that, from 2017 to 2020, the Straggler missed out on 34% of its potential revenue, or $3.4 billion, compared to the Pacesetter. However, for the entire 2017-23 period, the Straggler would have foregone $11.8 billion of potential revenue.",
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      "text": "Determining correlation between practices and mindsets: We computed two index scores based on the survey responses of Pacesetters, one for the five practices (see Figure 4) and one for the 12 behaviors that constitute the mindsets (see Glossary). We then ran a regression analysis across these two indices to test the fit and correlation. The chart to the right, where each data point represents the relationship between practices and mindsets for each company, summarizes the outcome: a strong model fit, with a correlation coefficient of 0.71 which indicates that practices and mindsets are closely related to each other.",
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