Business Lunch Elon Musk, Risk-Taking, and the Power of High Agency in Business
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Feb 28, 2025 The discussion highlights the concept of 'high agency,' showcasing how individuals like Elon Musk embody this ideal. Emphasis is placed on the balance between risk-taking and traditional roles in business. Personal anecdotes unveil the significance of understanding 'why' behind organizational actions. The speakers confront the challenges of fostering innovative thinking while assessing sound judgment in hiring. Insights into acquiring established businesses reveal pathways to rapid growth and mitigating risks in entrepreneurship.
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Early Career Clashes
- Ryan Deiss and Roland Frasier discuss their early work experiences.
- Both recount instances where their innovative approaches, while effective, clashed with established norms.
High Agency vs. Threat
- Clashes with employees may signal high agency, not insubordination.
- Embrace this as an opportunity for innovation, not a threat to authority.
Cultivating Agency
- Foster a culture that values "knowing the why" behind tasks.
- Encourage experimentation and provide context for decisions, even when saying no.