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Julia Dhar

πŸ‘€ Speaker
1038 total appearances

Appearances Over Time

Podcast Appearances

Motley Fool Hidden Gems Investing
The Hidden Forces Behind Every Investment Decision

The second one, and this is very natural behavior for human beings, turns out to be pretty natural behavior for organizations as well.

Motley Fool Hidden Gems Investing
The Hidden Forces Behind Every Investment Decision

And so as I describe those three types of stories, threat, fitness, and destiny, it's possible, Rachel, that in your mind you said to yourself, oh, destiny sounds nice.

Motley Fool Hidden Gems Investing
The Hidden Forces Behind Every Investment Decision

Like that feels like the best of the stories.

Motley Fool Hidden Gems Investing
The Hidden Forces Behind Every Investment Decision

That's very glamorous.

Motley Fool Hidden Gems Investing
The Hidden Forces Behind Every Investment Decision

So much of the change that we are trying to make in organizations is not about utterly fulfilling our destiny.

Motley Fool Hidden Gems Investing
The Hidden Forces Behind Every Investment Decision

It's about fitness and getting consistently better and better at the things that we do every day.

Motley Fool Hidden Gems Investing
The Hidden Forces Behind Every Investment Decision

And that's just not as exciting as being able to talk about achieving our destiny.

Motley Fool Hidden Gems Investing
The Hidden Forces Behind Every Investment Decision

But it is incredibly useful in terms of actually creating a return on our efforts to change.

Motley Fool Hidden Gems Investing
The Hidden Forces Behind Every Investment Decision

So that's the very first thing we can do is say, is the story underlying that innovation clear?

Motley Fool Hidden Gems Investing
The Hidden Forces Behind Every Investment Decision

Why are you trying to innovate?

Motley Fool Hidden Gems Investing
The Hidden Forces Behind Every Investment Decision

Is it directly in response to a threat, either competitive or existential or disruptive technology?

Motley Fool Hidden Gems Investing
The Hidden Forces Behind Every Investment Decision

Is it fitness?

Motley Fool Hidden Gems Investing
The Hidden Forces Behind Every Investment Decision

Are you basically doing continuous improvement in order to maintain the discipline of the organization?

Motley Fool Hidden Gems Investing
The Hidden Forces Behind Every Investment Decision

Or are you trying to either find your way back to who you were always meant to be or to stretch yourself further and further into a new horizon for the company?

Motley Fool Hidden Gems Investing
The Hidden Forces Behind Every Investment Decision

If that's even a little bit ambiguous, if it's hard to classify what you're hearing into one of those, I think that's a really good sign to dig a bit deeper.

Motley Fool Hidden Gems Investing
The Hidden Forces Behind Every Investment Decision

One of the things we know about founders, it's actually true of executives overall, by the way, is they have a very high appetite to change and a very high enthusiasm for change.

Motley Fool Hidden Gems Investing
The Hidden Forces Behind Every Investment Decision

It is often what leads someone to found a business in the first place, that they are frustrated with the way the world looks right now and want to do something about it.

Motley Fool Hidden Gems Investing
The Hidden Forces Behind Every Investment Decision

You kindly said at the beginning that we just finished writing this book about how change really works, which is called How Change Really Works.

Motley Fool Hidden Gems Investing
The Hidden Forces Behind Every Investment Decision

And the primary motivation to write it at the beginning was to answer that question, is it true that most people just don't like to change?

Motley Fool Hidden Gems Investing
The Hidden Forces Behind Every Investment Decision

Do people just hate to change?