Luca Dellanna — How to Play (and Win) Long Term Games (EP.228)
Aug 8, 2024
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Luca Dellanna, an accomplished author, shares his expertise on achieving long-term success through actionable strategies from his latest book. The conversation dives into how identifying and playing long-term games is key to success. Luca offers insights on using hypotheticals to align short-term actions with long-term goals. He also emphasizes the importance of effective communication and the balance between intuition and data in decision-making. With intriguing examples, he shows how expanding one’s network can enhance opportunities for success.
Emphasizing long-term thinking fosters motivation and purpose in work, moving beyond immediate tasks to a greater vision.
Regularly providing specific feedback encourages employee engagement and reinforces the meaningful impact of everyday actions in the workplace.
Managing risk involves focusing on long-term outcomes, fostering antifragility by viewing challenges as opportunities for growth rather than setbacks.
Deep dives
The Importance of Long-Term Thinking
Long-term thinking is crucial for achieving meaningful goals and can significantly impact an individual's or organization's success. The discussion highlights a tale of three bricklayers, where one focuses solely on immediate tasks, while another has a broader perspective, striving to create a beautiful cathedral. Shifting focus from short-term gains to long-term objectives enhances motivation, adaptability, and overall job satisfaction. By emphasizing the idea that today's efforts contribute to a greater vision, individuals are encouraged to find purpose in their work beyond mere paycheck motivations.
Feedback and Engagement in the Workplace
Providing immediate, specific feedback can greatly enhance employee engagement and motivation within a workplace. A technique discussed involves observing employees' actions and calling attention to the positive impacts created during brief, timed sessions, akin to a sports timeout. This method not only acknowledges individual contributions but reinforces the idea that everyday actions have meaningful effects. By regularly recognizing these efforts, management can foster a culture of appreciation and continued improvement, ultimately promoting a sense of ownership and pride among employees.
Embracing Risk and Building Resilience
Understanding and managing risk is essential in both personal and professional pursuits. The conversation encourages individuals to assess their approach to decision-making by considering long-term ramifications instead of short-term outcomes. By recognizing that not all actions must yield immediate results, individuals can create a broader framework for evaluating opportunities while being open to learning from failures. This balance allows for the development of antifragility, where challenges are viewed as opportunities for growth rather than obstacles to success.
Cultivating Agility within an Organization
Agility is a key factor in fostering innovation and adaptability within a company. To ensure a balance between quick actions and long-term objectives, it is vital for leaders to define what agility means in their context and communicate these expectations clearly to team members. Using hypothetical scenarios can serve as a useful exercise to clarify desired behaviors and potential trade-offs involved in decision-making processes. This proactive approach helps create a culture where agility is embraced without jeopardizing the organization's long-term vision.
Learning from Examples and Shifting Focus
Real-world examples serve as powerful tools for illustrating the long-term value of adaptability and innovation. Companies like Tesla demonstrate how a blend of ambitious long-term goals and more immediate operational strategies can yield successful outcomes, albeit with some risks involved. Understanding how to pivot away from traditional approaches—in the case of GE, redefining their corporate mission—opens the door for discovering new opportunities. By encouraging a mindset that embraces change and flexibility, organizations can better position themselves to thrive in an ever-evolving landscape.
Unlike many of the other management, productivity and behavioral gurus out there, Luca is ruthlessly committed to providing actionable, tangible advice that is rooted in the messy, chaotic reality of daily life.
Why should you care? Because long-term strategies consistently deliver better results. In other words, being able to identify, play, and win long-term games is, quite literally, the secret to success.
With examples ranging from NASA janitors to Stonehenge spray painters, we discuss how to successfully identify reproducible long-term strategies and how to persuade others to get on board with them.
We also explore how hypotheticals can be an insanely powerful tool for ensuring our short-term actions remain consistent with our long-term goals (and yes, before you ask, my beloved premeditation makes an appearance).
I hope you enjoy our conversation as much as I did! For more thoughts on the episode, the full transcript, and bucketloads of other stuff designed to make you go; “Hmm, that’s interesting!” check out our Substack.