What are the benefits of vertical integration? How does Elon Musk use vertical integration to run his businesses? The benefits of vertical integration involve improving costs, existing technologies, and efficiency. Elon Musk always uses vertical integration to effectively run his businesses, but there are cons to vertical integration as well. Keep reading to understand the benefits of vertical integration, according to Elon Musk.
What are the two types of mistakes? How do they drive improvement for you personally and for an organization? These types of mistakes are inadvertent mistakes and intentional mistakes. Understanding the differences and why you make these mistakes helps you to learn and grow from them. Keep reading to explore these different types of mistakes.
What is bottom-up learning? How does bottom-up learning breed success? Bottom-up learning is taking small steps with limited knowledge, making mistakes, and adjusting. On the other hand, a top-down approach to learning is when a small group of elites builds theories to capture the truth about something. Read more to understand why a bottom-up learning approach advances human society.
What is a cognitive distortion? How can humans combat cognitive distortions to handle situations effectively? A cognitive distortion is an unconscious mental distortion of facts that may come into play for a number of reasons. In the book Black box Thinking, the author discusses how cognitive distortion is a mechanism that we use when we fail to accept and learn from our mistakes. Read on to discover: what is a cognitive distortion?
Did you know that happy workers are more productive? How can you create a work environment that increases happiness and encouragement? According to Tony Hsieh, the former CEO of online clothing retailer Zappos, happy workers lead to happy customers, which maximizes profits for your business. There are three reasons why employee satisfaction leads to harder work: friendship, empowerment, and financial security. Continue reading to learn more about these three reasons so you can create a happy, healthy environment for your workers.
Are you beating yourself up over a business mistake that you made? Did you learn anything from this miscalculation? Part of having a career is taking creative risks. Tony Hsieh, the former CEO of Zappos, emphasizes the importance of his own risks and mistakes when building Zappos as a successful company. He further claims that business mistakes should not be seen as a personal failure, but as a step to success. Keep reading to learn more about how business mistakes are natural and should be acceptable in the workplace.
Can you hate your job and still be happy? Why do so many people continue working unfulfilling, soul-sucking jobs, not even trying to escape? Considering you spend a third of your life working, that might be a tall order. Working an unfulfilling job day in and day out is soul-sucking, yet many people won’t even try to escape because they conceive of their work as something they have to endure. Here’s how this line of thinking—that work is something you have to endure—erodes your happiness.
Do you get a bad vibe from your company? Are you looking for tips on how to improve your company’s culture? Knowing how to improve company culture can greatly benefit your employees’ work experience. According to former CEO of Zappos Tony Hsieh, there are four ways to make your company’s environment positive and healthy: listening to your employees, creating a list of cultural principles, hiring employees who will uphold the culture, and protecting your company from bad investors or board members. Find out how to improve company culture with these four steps.
Are your workers having trouble getting motivated? How can you encourage empowerment in the workplace? Former CEO of Zappos Tony Hsieh strongly feels that supporting employees is essential in creating a thriving business. Employees who feel trusted and empowered in the workplace are more motivated to be better at their job. Read on to learn more about ways to increase workplace empowerment by providing employees with the resources and opportunity to improve their work.
What are Tony Hsieh’s three theories on happiness? How can your life and business value happiness more? In his book Delivering Happiness, Hsieh proposes that there are three theories on happiness in business: there are different elements, levels, and kinds of happiness that can be achieved. Applying these theories to your life and work can help you move up in the business world. Keep reading to learn more about Hsieh’s three theories of happiness.