Build the right incentives, w/VIPKid’s Cindy Mi
Masters of Scale
WaitWhat
4.6 • 4.4K Ratings
🗓️ 6 December 2022
⏱️ 49 minutes
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Summary
Businesses run on incentives — from attracting customers with great prices, to drawing in talent with great salaries. But incentives aren’t something you set once; you must constantly revisit them to adjust to changing times. Cindy Mi, founder and CEO of the learning platform VIPKid, has leveraged the power of incentives to build a thriving global learning community — and, to shepherd her organization through a black hole-sized disruption.
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Transcript
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| 0:00.0 | Hi, it's Bob Safian. You've been hearing me as the host of rapid response in this feed for a few years now, |
| 0:07.8 | with short newsy interviews alongside the deeper dives of Masters of Scale. Well, I'm excited to share that rapid response is expanding into its own feed. |
| 0:17.0 | We'll be putting out shows twice a week, focusing on the urgent issues that business leaders are dealing with in real time. |
| 0:24.8 | So search for rapid response in your podcast player and subscribe to make sure you get all our episodes. |
| 0:31.2 | I'll see you on the other side. |
| 0:34.8 | If you have two bodies, take the sun and the earth. |
| 0:44.0 | Since the earth. Since the time of Isaac Newton, |
| 0:46.0 | we know exactly how these two bodies move together in time. So we can say, okay, where will be the earth in one billion years or where was the earth one billion years ago? |
| 1:07.0 | That Dr Fabio Paguchi. He's an astrophysicist at the Center for |
| 1:16.8 | Astrophysics at Harvard University and he's describing a fact that scientists |
| 1:21.2 | have known since the 1700s. |
| 1:23.0 | When you study two celestial bodies in orbit, |
| 1:27.0 | like the sun and the Earth, |
| 1:28.0 | you can calculate their movements |
| 1:30.0 | according the gravitational pull they exert on each other. |
| 1:34.0 | But there's a catch. |
| 1:38.0 | I stress the fact that this can be done only with two bodies, |
| 1:42.0 | okay? If you have three bodies or more... can be done only with two bodies. Okay? |
| 1:43.0 | If you have three bodies or more bodies, |
| 1:45.0 | this cannot be done. |
| 1:50.0 | This is not that we are not able to do it yet. |
| 1:55.0 | It's just impossible to be done. |
... |
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