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At The Table with Patrick Lencioni
193. Inside the Moat
Sep 13, 2023
Exploring the concept of extending the company's moat beyond its physical boundaries and valuing external vendors and partners. Building strong relationships and creating connection with contractors and partners. The importance of freedom, expanding networks, and maintaining boundaries. The significance of generosity in business relationships and promoting a mindset of independence. Emphasizing inclusivity in the company and a recommendation for The Red Zone football show.
23:19
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Quick takeaways
- Embracing the 'Inside the Moat' model fosters loyalty and enthusiasm among non-employee individuals, resulting in time and support for the company.
- Building trust and values alignment with individuals inside the moat leads to non-transactional relationships based on mutual investment and collaboration.
Deep dives
The Concept of Inside the Moat
The podcast discusses a metaphor called 'Inside the Moat,' which refers to a new way of looking at organizations. In this model, a company is compared to a castle, with employees being inside the castle. However, the moat surrounding the castle extends beyond its walls and includes a wide range of people who are not employees but are considered part of the extended company. This includes vendors, partners, and contractors who are valued and treated as family.
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