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Build with Leila Hormozi

How Positive Reinforcement Improves Team Performance | Ep 144

Build with Leila Hormozi

Leila Hormozi

Education, Entrepreneurship, Management, How To, Business

5867 Ratings

🗓️ 27 May 2024

⏱️ 14 minutes

🧾️ Download transcript

Summary

“The amount of reinforcement you provide dictates the strength of accountability in a company.” Today, Leila (@LeilaHormozi) delves into the importance of feedback and accountability for business success, highlighting the power of positive reinforcement and the distinction between tactical and developmental accountability. She offers practical strategies for improving team performance and engagement, fostering a culture of accountability, and effectively scaling businesses.

Welcome to Build where we talk about the lessons I have learned in scaling big businesses, gaining millions in sales, and helping our portfolio companies do the same. Buckle up, because we’re creating an unshakeable business.

Timestamps:

(0:44) - Understanding tactical vs. developmental accountability

(1:34) - Mastering the art of positive reinforcement

(2:25) - Navigating challenges in feedback and behavior change

(6:58) - Implementing effective feedback strategies

(10:22) - The accountability formula

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Transcript

Click on a timestamp to play from that location

0:00.0

The reason that so many people have a hard time giving feedback and holding people accountable

0:04.1

is because they've been taught wrong. And to be honest, most people do it wrong. So the fact is

0:09.8

giving feedback is providing someone with information that will change their behavior. If it has

0:16.0

not changed their behavior, then it is not feedback.

0:25.6

How do you create an unshakable business?

0:28.6

I cross $100 million in net worth by the age of 28.

0:31.7

Now I'm growing acquisition.com into a billion dollar portfolio.

0:36.0

In this podcast, I share the lessons I've learned in scaling big businesses and helping our portfolio companies do the same.

0:37.9

Buckle up and let's build.

0:44.2

There's actually two types of accountability that I think exist in a business, okay?

0:48.1

There is tactical accountability and there is developmental accountability.

0:52.4

Tactical accountability is much more of reinforcing somebody

0:55.4

for the behaviors that have more to do with the hard skills of the job. So like, did you do this

1:01.4

thing in the proper order at the proper time according to the job description? And so this might be like,

1:07.0

did you turn in your end of week report on time? Did you fill out your rubric the way that it's

1:10.8

supposed to be filled out? And so all of those things are tactical accountability, which are,

1:15.8

I would say, like, where more people do well is holding people accountable to these things,

1:21.2

which is like, hey, you know, saw you did this. Thank you so much for filling that out. And next time

1:25.4

when you fill it out, even, could you do this as well?

1:32.0

You know, it's just always like encouraging them towards the future vision. I think people can get that one down pretty easily. Developmental accountability is much more of reinforcing soft skills

1:39.1

that I would say are like the underlying skills needed to execute the hard ones.

1:45.3

Right. And so examples of this would be reinforcing when they positively reinforce their team.

...

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