Psychological Ownership: The Key to Employee Engagement

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Employees often lack the desire to act like owners in their jobs because they do not feel a sense of psychological ownership. Legal ownership, which is based on contracts, does not evoke the same feeling as psychological ownership which does. The speaker explains this through personal examples of owning stock in Ford versus owning a Ford pickup truck. The feeling of ownership comes from the ability to personalize and identify with the object, giving a sense of authority over it and making it a part of one's identity.

Mike Michalowicz reveals a surprising strategy for finding and retaining top talent.

— YOU’LL LEARN —

1) The more effective alternative to job interviews

2) The key signs someone is perfect for your team

3) The three drivers of commitment and engagement

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— ABOUT MIKE —

Mike Michalowicz founded and sold two multi-million dollar businesses by his 35th birthday. He is the bestselling author of Profit First, The Pumpkin Plan, Clockwork, and Fix This Next. He has built two additional multimillion-dollar companies and has become one of the world's most popular speakers on small business topics. Fabled author, Simon Sinek deemed Mike Michalowicz “...one of the top contenders for the patron saint of entrepreneurs.”

• Book: All In: How Great Leaders Build Unstoppable Teams

• Website: MikeMotorbike.com

— RESOURCES MENTIONED IN THE SHOW —

• Book: 10x Is Easier Than 2x: How World-Class Entrepreneurs Achieve More by Doing Less by Dan Sullivan and Dr. Benjamin Hardy

• Book: The 3.3 Rule: The New Workday Standard of Creating More by Working Less by John Briggs

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