The Brainy Business | Understanding the Psychology of Why People Buy | Behavioral Economics cover image

274. Reducing Business Friction: Understanding The Benefits With Examples From Amazon & Steve Jobs, with Roger Dooley (Refreshed Episode)

The Brainy Business | Understanding the Psychology of Why People Buy | Behavioral Economics

00:00

The Correlation Between Trust and Friction

There's a strong correlation between distrust and increased friction, he says. Trust is the sort of the enemy of friction or vice versa because where there's high trust, there's a low friction. When you don't trust each other, you create a contract with lots of terms that are difficult to follow. A person in her school district who was responsible for mandatory training said she could save 30 seconds by simplifying it from a series of questions down to just one.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app