Get Rid of the Jerks
Motley Fool Hidden Gems Investing
The Motley Fool
4.3 • 3.1K Ratings
🗓️ 9 June 2020
⏱️ 3 minutes
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| 0:00.0 | With the monthly full money extra, I'm Chris Hill. |
| 0:08.7 | A lot of times when we talk about smaller startup companies looking to grow, we tend to |
| 0:13.4 | use the same measuring stick over and over, whether it's growing overall sales or hiring |
| 0:19.1 | more people. |
| 0:20.4 | We often look for pure growth, but great companies are able to not only grow, but grow the best |
| 0:26.9 | parts of their business. |
| 0:29.1 | In those cases, subtraction can be even more effective than addition. |
| 0:34.5 | Bob Sutton is a professor at Stanford University and a New York Times best-selling author. |
| 0:40.2 | Last year I got the chance to talk with Bob in front of a live audience about his book, |
| 0:44.6 | scaling up excellence, getting to more without settling for less. |
| 0:49.4 | And when companies are looking to scale up, getting rid of their bad parts is more important |
| 0:55.2 | than you might think. |
| 0:57.2 | There's a famous management book, some of you may have heard of, I think the best-selling |
| 1:01.5 | of all time, perhaps, good to great by Jim Collins. |
| 1:04.4 | So our mantra is, it's the opposite, it's bad to great. |
| 1:07.8 | So when you look at situations where you want to spread something good, the first order |
| 1:12.5 | of business is to get rid of bad stuff. |
| 1:14.9 | And if you want to go to some of the basic social psychology, you kind of think of some |
| 1:18.4 | of the elements of your life. |
| 1:20.2 | First of all, let's start with your personal relationships, because that's a good place |
| 1:23.9 | to start. |
| 1:24.9 | There's great long-term studies that show that the studies happen to be of long-term |
... |
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