If You Want To Be SUCCESSFUL In Life, Master This ONE SKILL! | Simon Sinek

The video is about the concept of infinite games and how playing with a finite mindset in an infinite game can lead to negative outcomes in business and life.

The video features Simon Sinek, a bestselling author and speaker, discussing the concept of infinite games in business and life. He explains that playing with a finite mindset, where the objective is to win, in an infinite game, where there is no such thing as winning, leads to negative outcomes such as a decline in trust, cooperation, and innovation. Sinek emphasizes the importance of prioritizing people and purpose over profit and resources in building great companies and creating a fulfilling life.

• Business is an infinite game with changeable rules and known/unknown players.
• Finite mindset in an infinite game leads to negative outcomes like decline of trust, cooperation, and innovation.
• Great companies prioritize people before profit and will before resources.
• Simon Sinek is a best-selling author and speaker who advocates for an infinite mindset.
• Leading with an infinite mindset means prioritizing the will of the people over resources.
• Prioritizing revenue over people can lead to negative outcomes in the long term.
• Leading with an infinite mindset means prioritizing people over profit, which ultimately leads to more profit.
• Psychologically safe spaces are necessary for people to be themselves and admit mistakes.
• Driving people with a series of finite games destroys trust, cooperation, and innovation.

If You Want To Be SUCCESSFUL In Life, Master This ONE SKILL! | Simon Sinek - YouTube

The Concept of Infinite Games

• Business is an infinite game.
• Finite games have known players, fixed rules, and agreed-upon objectives.
• Infinite games have known and unknown players, changeable rules, and the objective is to perpetuate the game.
• Leaders who play with a finite mindset in an infinite game can lead to negative outcomes.
• Predictable outcomes of playing with a finite mindset in an infinite game include the decline of trust, cooperation, and innovation.

Building Great Companies with an Infinite Mindset

• Great companies are built with an infinite mindset.
• Prioritizing people before profit is essential to building great companies.
• Will before resources is also important.
• Employees should feel like they are part of something bigger than themselves.
• Effort should be worth more than simply the money made.

Simon Sinek's Background and Work

• Simon Sinek is a multiple-time best-selling author and speaker.
• His TED Talk on starting with why has been viewed roughly 45 million times and translated into 48 languages.
• He is a self-described unshakable optimist who has dedicated his life to bringing to fruition a world where people feel fulfilled by their work.
• He has been invited to meet with the leaders of some of today's most important businesses and institutions.
• He has contributed to prestigious media outlets such as The New York Times, Wall Street Journal, and MSNBC.

If You Want To Be SUCCESSFUL In Life, Master This ONE SKILL! | Simon Sinek - YouTube

The Power of Starting an Infinite Game Movement

• Simon Sinek's new book is about starting an infinite game movement.
• He is calling his shot and laying the bricks to get a mass of people on board with the movement.
• His ideas are like mind viruses that get inside people's heads and echo through culture.
• Starting an infinite game movement is incredibly powerful.
• It will be interesting to see what happens with this movement.

Leading with an Infinite Mindset

• Leadership is often taught as a finite game, with the goal of winning or being number one.
• Leading with an infinite mindset means prioritizing the will of the people over resources.
• There are two currencies in the infinite game: will and resources.
• Organizing to win means prioritizing the score over inspiration and motivation.
• The balance of will and resources is essential, with will coming before resources.

The Problem with Prioritizing Revenue

• Revenue is often seen as an agreed-upon metric for success in business.
• There are two currencies in the infinite game: will and resources.
• When we prioritize resources before will, it can lead to negative outcomes.
• CEOs often say that their people are important, but where they prioritize them on the list is the problem.
• People are willing to give their blood, sweat, and tears to leaders who understand the balance of will and resources.

The Importance of Prioritizing People

• Money is fuel for the organization, but people matter more.
• CEOs who prioritize their people create better, more profitable companies.
• People who are willing to give their blood, sweat, and tears make for better, more profitable companies.
• Leading with an infinite mindset leads to disproportionately more successful and innovative companies.
• When we take care of our people and they trust each other, the profits will come.

The Irony of Prioritizing Profit

• When we prioritize profit over people, it can lead to negative outcomes in the long term.
• People who are only there for their own selfish needs are not the best people to help build a company for the long term.
• Throwing money at people can make a company look successful for a while, but it doesn't mean it can last.
• Leaders who prioritize their people create more innovative and successful companies.
• Leading with an infinite mindset means prioritizing people over profit, which ultimately leads to more profit.

The Importance of an Infinite Mindset

• Profitable companies last for a long time because they continue to grow and innovate.
• Genuine care for people leads to a desire to give more.
• Writing down values makes them clear and helps with scaling.
• Psychologically safe spaces are necessary for people to be themselves and admit mistakes.
• Leading with a finite mindset can lead to hiding mistakes and not admitting when help is needed.

The Difference Between Safe Spaces and Safety

• Safety means feeling safe enough to be oneself and admit mistakes.
• Psychologically safe spaces are necessary for people to feel comfortable admitting mistakes and asking for help.
• Without psychologically safe spaces, people hide mistakes and don't admit when they need help.
• Leading with a finite mindset can lead to people hiding mistakes and not admitting when they need help.
• Creating psychologically safe spaces leads to innovation and cooperation.

The Problem with Incentivizing Performance

• Incentivizing performance only incentivizes behavior that leads to that performance.
• Excessive pressure to achieve performance goals can lead to unethical behavior and hoarding information.
• Modern businesses often have an excessive amount of finite thinking.
• An infinite game provides context and leads to sustainable growth.
• Driving people with a series of finite games destroys trust and cooperation.

The Unsustainability of a Series of Finite Games

• Driving people with a series of finite games is unsustainable.
• There is no such thing as a perfect growth chart.
• Driving people destroys trust and cooperation.
• Without trust and cooperation, there is no innovation.
• Investment banking before 2008 is an example of driving people with a series of finite games.

The Rise of Finite Thinking in Business

• Finite thinking is a modern invention that dominates business theory today.
• Milton Friedman's theory of shareholder supremacy prioritizes profit over ethics, customer and employee needs.
• Shareholder supremacy was popularized in the 80s and 90s, leading to mass layoffs and dismantling of Glass-Steagall.
• Playing with a finite mindset does long-term damage to the system that is supposed to benefit everyone.
• There is a decline of trust and loyalty in the business world due to the erosion of loyalty from companies to employees.

The Negative Impact of Finite Thinking

• Playing with a finite mindset leads to negative outcomes in business and life.
• It causes a decline of trust and loyalty in the business world.
• It leads to mass layoffs and dismantling of regulations that prevent another great depression.
• It prioritizes profit over ethics, customer and employee needs.
• It causes discomfort and unease in the workplace.

The Shareholder Myth

• The shareholder myth is a result of the decline of the middle class being involved in the stock market.
• The stock market was created to share the wealth produced by average joe employees.
• The genius of the modern day corporation was that everyone gets to share in the wealth produced.
• However, the middle class is becoming less included in that success due to the rise of finite thinking.
• The shareholder constituency is really just a bunch of institutional investors.

The Importance of Infinite Thinking

• Infinite thinking is the key to success in business and life.
• It prioritizes long-term success over short-term gains.
• It focuses on creating a better future for everyone, not just a select few.
• It values ethics, customer and employee needs over profit.
• It creates a culture of trust and loyalty in the workplace.

The Concept of Infinite Games

• Business is an infinite game.
• Playing with a finite mindset in an infinite game can lead to negative outcomes in business and life.
• Leadership in business today is finite-minded.
• Building great companies is with an infinite mindset.
• Prioritizing people before profit and will before resources is important.

Discovering the Infinite Game

• Simon Sinek got tired of being told he was naive and didn't understand how business works.
• Business is an infinite game and the majority of people actually understand more.
• Leadership in business today is finite-minded.
• Business is a lifestyle and requires an infinite mindset.
• Leading with an infinite mindset means working towards goals vigilantly and continuously.

Example of Finite-Minded Business

• Businesses often give teams a financial target to hit by a certain time frame.
• Two teams exist: one driven solely by hitting the goal and one with an infinite mindset.
• The team driven solely by hitting the goal has fluctuating morale and terrible retention.
• The boss is toxic and the team engages in unethical behavior to hit the goal.
• The team hits the goal and is bonused, spreading the message that unethical behavior is acceptable as long as the goal is hit.

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If You Want To Be SUCCESSFUL In Life, Master This ONE SKILL! | Simon Sinek - YouTube