The Brainy Business | Understanding the Psychology of Why People Buy | Behavioral Economics

321. Confidently Designing Your Path: Expressing Your Worth in Act Two - Kate Gigax

Sep 7, 2023
Kate Gigax, founder of Development Corps, discusses the transition from Act One to Act Two in one's career and life. She emphasizes the importance of self-reflection, taking risks, and finding fulfillment. The episode challenges the misconception that Act Two always means becoming an entrepreneur. Listeners gain practical advice on navigating transitions, finding personal fulfillment, and becoming confident in expressing their value.
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INSIGHT

The Psychological Contract

  • The psychological contract, an implicit agreement between employees and organizations, impacts commitment and effort.
  • Breaching this contract, often through layoffs or broken promises, can lead to feelings of betrayal and decreased effort.
ADVICE

Managing the Psychological Contract

  • Managers significantly influence the psychological contract and employee perception of the organization.
  • Acknowledge difficulties, preserve dignity during challenging times, and prioritize open communication to maintain trust.
ADVICE

Building a Relational Culture

  • Avoid describing your company as a "family" due to the potential for blurred boundaries and dysfunction.
  • Foster a relational culture through clear communication, transparent agreements, and addressing difficult conversations directly.
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