When the government of Delhi, India realized that there were too many Cobras, they took decisive government action. The net result: more cobras. How is that possible? It turns out that incentives matter, and people predictably respond to incentives.
In this episode, I talk about unintended consequences. Leaders must be aware that the effects of their actions are not always what they want them to be. Sometimes they are impacted by unintended consequences.
You can control your actions; you cannot necessarily control reactions. For that reason, you must think long and hard about the actions you take.
Here is the Foundation for Economic Education (FEE) article I referred to in the podcast:
https://fee.org/articles/the-cobra-effect-lessons-in-unintended-consequences/?fbclid=IwAR1Iz4CdMhVgHqRF11qO_E6g3-RcZabvr5SfqLpkBJuYTbYKJ6BsrddewkQ
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TWITTER TUESDAY #5 [EPISODE 57]
HOW TO THINK LIKE AN INNOVATOR [EPISODE 56]
WHY NYC WILL LOSE A THIRD OF THEIR SMALL BUSINESSES AND WHAT YOU CAN DO TO PROTECT YOURSELF [EPISODE 55]
ASSUMING A POSITION OF LEADERSHIP DURING A CRISIS [EPISODE 54]
WHY ARE HUMBLE LEADERS SO RARE? [EPISODE 53]
TWITTER TUESDAY #4 [EPISODE 52]
THE 20 HABITS OF EVENTUAL MILLIONAIRES [EPISODE 51]
THE MOST IMPORTANT LEADERSHIP COMPETENCIES, ACCORDING TO LEADERS AROUND THE WORLD. [EPISODE 50]
4 MUST-HAVE LEADERSHIP QUALITIES [EPISODE 49]
POWER CORRUPTS AND ABSOLUTE POWER CORRUPTS ABSOLUTELY. WHO SAID IT AND WHY DOES IT MATTER? [EPISODE 48]
TWITTER TUESDAY #3 [EPISODE 47]
WHAT STAR TREK TAUGHT ME ABOUT INNOVATION [EPISODE 46 ]
TIPS FOR CONDUCTING ONLINE MEETINGS [EPISODE 45]
A TALE OF TWO THEORIES THAT WILL SHAPE THE FUTURE. WHICH PATH WILL YOU TAKE? [EPISODE 44]
FOUR PERSPECTIVES OF LEADERSHIP [EPISODE 43]
TWITTER TUESDAY #2 [EPISODE 42].
HUMAN NATURE, OPPRESSION, AND LEADERSHIP [EPISODE 41]
THINK LIKE TRUMP (THE BUSINESSMAN). [EPISODE 40]
WHAT IF I AM WRONG? [EPISODE 38]
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