"Bag the Elephant" is a phrase often used in business and entrepreneurship to describe the process of setting ambitious goals and working towards achieving them. The phrase is thought to have been coined by Steve Kaplan, a renowned entrepreneur, investor, and professor at the University of Chicago Booth School of Business.
Kaplan is best known for his work in the field of venture capital and private equity, and has been involved in numerous successful startups and investments throughout his career. He is also an influential voice in the business community, having authored several books on entrepreneurship, venture capital, and business strategy.
One of Kaplan's key beliefs is that entrepreneurs and business leaders should aim high and strive to "bag the elephant," or tackle the biggest challenges and opportunities in their respective industries. In Kaplan's view, this requires a combination of ambition, perseverance, and strategic thinking.
According to Kaplan, "bagging the elephant" involves setting bold goals, taking calculated risks, and continuously adapting and learning in the face of change. It also requires a willingness to embrace failure and use it as a learning opportunity, rather than being discouraged by it.
This approach is exemplified by Kaplan's own career, which has been marked by a number of ambitious ventures and a willingness to take on challenges others might have considered too risky.
In addition to his work in the private sector, Kaplan is also known for his contributions to academia and the business education community. He has taught at the University of Chicago Booth School of Business for over 20 years, and his courses on entrepreneurship and venture capital have been highly regarded by students and industry professionals alike.
Overall, Steve Kaplan's philosophy of "bagging the elephant" has inspired many aspiring entrepreneurs and business leaders to aim high and pursue their goals with ambition, perseverance, and strategic thinking. It is a powerful reminder that with hard work, determination, and a willingness to take risks, it is possible to achieve even the most ambitious goals.