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How to Nurture Crazy Ideas That Save the World
Podcast

How to Nurture Crazy Ideas That Save the World

The Future of Work podcast



Editorial Rating

8

Qualities

  • Analytical
  • Innovative
  • Applicable

Recommendation

Too often “good teams kill great ideas.” Physicist and entrepreneur Safi Bahcall discovered how to change a company’s culture by changing the underlying structures supporting its teams. He tells Future of Work podcast host Jacob Morgan that companies must balance “core” versus “new” priorities, though that’s easier said than done. Innovators’ goals may be at odds with the objectives of those in charge of getting a product to market. Most companies focus on innovation or sales or development, and leave human resources to chug along. But, Bahcall says, you can “weaponize” HR instead. Companies that invest in proper incentives for every worker gain a major strategic advantage.

Take-Aways

  • Companies face the same challenge the military faces when evaluating successful strategies and new ideas. Both need to balance “core” versus “new” priorities.
  • To change a culture, create the right underlying conditions.
  • Changing your reward incentives creates a competitive advantage in the marketplace.

About the Podcast

Safi Bahcall is a biotech entrepreneur, CEO, physicist and the author of Loonshots: How to Nurture the Crazy Ideas That Win Wars, Cure Diseases, and Transform IndustriesJacob Morgan hosts The Future of Work podcast.