Classic 17: Smarter, Faster, Better By Charles Duhigg
We Study Billionaires - The Investor’s Podcast Network
Empowering Culture: The Power of Stretch Goals and Workforce Control
This chapter explores how stretch goals can reduce errors in organizations by fostering a culture of empowerment among employees. It uses a case study from an auto factory to illustrate the benefits of decentralized control and collaboration for enhancing productivity and success.
IN THIS EPISODE, YOU'LL LEARN:
- 03:13 - Why control is the key to motivating people.
- 08:11 - How do you form the best teams?
- 22:02 - Why GE is setting both SMART goals and strength goals.
- 29:17 - How to statistically make the best decisions.
- 41:41 - Ask the Investors: How diversified should I be when my portfolio is my net worth?
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.
BOOKS AND RESOURCES
- Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
- Charles Duhigg’s book, Smarter Faster Better – Read reviews of this book.
- Preston and Stig’s episode on Charles Duhigg’s book. The Power of Habits.
- Preston and Stig’s episode on Malcolm Gladwell’s book, Outliers.
- Preston and Stig’s episode about how to focus.
- Preston and Stig’s episode on the importance of trust in business.
- Preston and Stig’s episode about creativity.
- Our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
- Check out our favorite Apps and Services.
- New to the show? Check out our We Study Billionaires Starter Packs.
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