Signaling becomes highly important within an organization. What I advise always my clients when they want to bring a new behavior or especially a new value, is that they should always explain what it means in concrete terms. So for example, not we care about the long term, but we careAbout the long term which means that we will never take legalities, categories, we will never invest in this way. We will always keep these results, something like this. Then the second step is that they put it as a requirement for any kind of bonus, which means you should always say your bonus depends one on business objectives and two on not crossing any values boundaries.
Why is hard work a form of laziness? Why should we be wary of short-term success? How can imagining parallel worlds help us make better decisions? Author, management advisor, and researcher Luca Dellanna joins us to discuss these questions and more!
Important Links:
Show Notes:
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Ergodicity: survival is king
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Why sample size matters
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The two types of competitors
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Teaching by signaling
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The parallel worlds approach to decision-making
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Racing to the bottom
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Why working hard can be a form of laziness
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The three things managers should prioritize
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Why desiring change isn’t enough
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Fighting avoidance with actionable small steps
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“Mixed values produce mixed results”
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Thinking by writing
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What Luca has learned from living in multiple countries
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Luca as Emperor of the World
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MORE!
Books Mentioned:
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Antifragile: Things that Gain from Disorder; by Nassim Nicholas Taleb
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What Works on Wall Street; by Jim O'Shaughnessy
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Ergodicity: Definition, Examples, And Implications, As Simple As Possible; by Luca Dellanna
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The Control Heuristic: The Nature of Human Behavior; by Luca Dellanna
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100 Truths You Will Learn Too Late; by Luca Dellanna
- Tao Te Ching; by Lao Tzu