The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network TIP131: Smarter, Faster, Better by Charles Duhigg (Business Podcast)
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Mar 25, 2017 
Author Charles Duhigg shares insights on motivation, team formation, decision-making, and productivity. Topics include control, SMART vs. stretch goals at GE, probabilistic thinking, innovation, creativity, and managing a windfall. Delve into stock market returns, innovation's role, and long-term investing strategies.
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Encourage Participation
- Actively solicit opinions from every team member, especially quiet ones.
- Repeat their contributions and acknowledge them to foster inclusivity.
Lofty Goals
- Set lofty goals with short deadlines to force productivity.
- GE's example of setting ambitious engine efficiency goals illustrates this.
Smart and Stretch Goals
- Combine SMART goals (Specific, Measurable, Achievable, Relevant, Time-bound) with stretch goals.
- GE found that SMART goals alone can lead to a checklist mentality, neglecting quality.