FranklinCovey On Leadership with Scott Miller cover image

FranklinCovey On Leadership with Scott Miller

Dan Ariely: Redirecting Misbelief

Jan 3, 2025
Dan Ariely, a Duke University professor and a renowned expert in behavioral economics, shares captivating insights on the necessity of building trust within organizations. He reveals how employee appreciation and psychological safety can significantly enhance a company's stock performance. Ariely also explores why rational people often succumb to irrational beliefs, especially during crises, and discusses the rise of misinformation. His call for dialogue and intellectual humility highlights the importance of a proactive approach to navigating today's complex societal truths.
36:25

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Intrinsic factors like employee appreciation and psychological safety significantly boost employee motivation and positively impact stock market performance.
  • The challenge of misbelief, driven by stress and social media echo chambers, threatens societal trust and exacerbates misinformation in critical areas like public health.

Deep dives

The Importance of Organizational Culture

Building an engaging organizational culture is essential for driving employee motivation and overall company success. Research indicates that intrinsic factors, such as feeling appreciated and having a connection with one’s direct manager, significantly impact employee satisfaction and, consequently, stock market performance. Unlike extrinsic factors like salary or benefits, which show lesser correlation with company success, intrinsic motivations foster a sense of belonging and commitment. For instance, companies that prioritize psychological safety and perception of fairness in promotions tend to outperform their competitors in the stock market over time, underscoring the long-term benefits of cultivating a positive workplace environment.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode