Chapter
Understanding Incentives and the Control of Innovation
2:13:49 - 2:18:02 (04:13)
The understanding of incentives is crucial to controlling the transition between innovation and rigidity when embracing new ideas. Mathematical models can aid in calculating this transition and determining at what size company it occurs.
Clips
Incentives play a crucial role in controlling the transition between innovation and rigidity when embracing wild new ideas in a company.
2:13:49 - 2:16:45 (02:56)
Incentives
Summary
Incentives play a crucial role in controlling the transition between innovation and rigidity when embracing wild new ideas in a company. By using a mathematical model consisting of cash and equity, it is possible to calculate where the transition occurs and debunk the myth of big corporate risk aversion.
ChapterUnderstanding Incentives and the Control of Innovation
Episode#382: Safi Bahcall — On Hypnosis, Conquering Insomnia, Incentives, and More
PodcastThe Tim Ferriss Show
The speaker encourages listeners to veer away from incremental and safe ideas by being open to risk-taking that will lead to true innovation.
2:16:46 - 2:18:02 (01:15)
Innovation
Summary
The speaker encourages listeners to veer away from incremental and safe ideas by being open to risk-taking that will lead to true innovation.