The World's Best Book Summaries
How can you know your idea will scale? What should you look for, and what should you avoid? Economist and professor John A. List says that a viable business idea has four characteristics. It has a scalable audience, it’s not dependent on talented individuals, it anticipates spillover effects, and it keeps costs under control. Read on to learn about these four characteristics of a good business idea.
What’s the best way to support your team in the workplace? What are the benefits of a team-oriented style of leadership? Staying involved with your team and giving them autonomy earns you respect and better results. Discover Your True North by Bill George further says that this type of leadership builds strong relationships with employees that will make feedback easier for them to accept. Learn how to support your team members so they know you’re rooting for them.
Should you pay bonuses before or after the performance period? What’s the best way to use social incentives within a team? In The Voltage Effect, economist and professor John A. List offers his advice for how to take things from the small scale to the big stage. He shares a set of strategies designed to increase your business’s chances of success as it grows. One of these is using reward-based motivation. Read more to learn how to scale successfully by setting the right incentives to motivate your team.
Why are a support system and balanced life important for your career? What are the top three ways to improve work performance? Bill George’s book Discover Your True North focuses on strategies to become a strong leader by improving the way you work. He offers covers on how to bolster your leadership by maintaining a strong support system outside of work as well as maintaining a balanced life. Let’s look at the three ways to improve your work performance by keeping your personal life healthy and happy.
When should you give up on an idea or a project? What’s the best way to identify diminishing returns? Sometimes it’s hard to give up, especially when you’ve invested so much and you don’t want to be a quitter. But, sometimes cutting your losses and moving on is the best course of action. In The Voltage Effect, economist John A. List explains why, sometimes, quitting is for winners. Continue reading to learn how to avoid the sunk cost fallacy and stop wasting valuable resources.
What are the best Discover Your True North quotes? Why is it hard to be a leader not only for others but for yourself? Being a leader is much more than just telling people what to do and expecting results. It’s building mutual respect between every worker at your company and finding a balance between life and work. Below we’ll look at four Discover Your True North quotes so you can reach your full potential as a leader.
As your organization grows, how can you maintain your culture? How should your teams be organized, and what should they prioritize? The Voltage Effect by John A. List is an economics text designed to help you understand the characteristics of scalable ideas. He argues that you should focus on building a sustainable culture while you scale your ideas. Read more to learn how to scale culture by embracing collaboration and diversity.
Should you apologize to your team when you mess up? Is it possible to apologize too much? As difficult as it can be, it seems obvious that leaders should admit their mistakes. However, it’s not so cut and dry when and how they should apologize. In The Voltage Effect, John A. List discusses what accountability in business should look like. Keep reading for List’s advice that can help you be a better leader and teammate.
Is courage a trait or a skill? Should a leader ever say, “I don’t know”? What’s a sure sign that you’re not reaching your potential as a leader? Brené Brown—a popular public speaker, bestselling author, and professional social worker—longs to see people lead wholeheartedly. She discusses how leaders can practice courage, build trust, and model vulnerability. Continue reading for several Brené Brown leadership quotes that capture the essence of her message.
Is your target audience scalable? How can you make sure that it is? Just because your initial audience loves your idea, it doesn’t mean that a larger audience will feel the same way. John A. List provides advice on how to understand your target audience initially and as you grow so that you don’t lose momentum over time. Keep reading to learn how to scale your target audience.