Habits, scientists say, emerge because the brain is constantly looking for ways to save effort. Left to its own devices, the brain will try to make almost any routine into a habit, because habits allow our minds to ramp down more often. This effort-saving instinct is a huge advantage….An efficient brain also allows us to stop thinking constantly about basic behaviors, such as walking and choosing what to eat, so we can devote mental energy to inventing spears, irrigation systems, and, eventually, airplanes and video games.
As economists, it’s our job to look under the hood. And we must try to understand, as best we can, which incentives work, which don’t, and why, so that individuals, business, and governments can achieve their goals.
The quality of your team is key.”A Players” can make a mediocre strategy successful, but “C Players” will almost always mess up a brilliant strategy.
You can’t build a great team without occasionally deconstructing and rebuilding it. And while every leader makes mistakes, if he can’t admit, correct, or move on from them, you don’t want him or her at your start-up.
I’m convinced that every major problem we face as a country is a leadership problem,” he says. “Whether it’s short-term thinking in business or a problem with government performance, every problem requires superb leadership to solve.
We tend to think that what matters is having outstanding leadership at the senior level. But great leadership at the top doesn’t amount to much if you don’t have exceptional leadership at the unit level. That’s where great things get done.
I don’t know the rules of grammar… If you’re trying to persuade people to do something, or buy something, it seems to me you should use their language, the language they use every day, the language in which they think.
I believe that employees’ youthfulness drives their intellectual curiosity. They want to learn, and the most common way they search for new knowledge is by reading articles and books by successful business owners, marketers, and entrepreneurs.