Elon Musk, Risk-Taking, and the Power of High Agency in Business

Business Lunch

Welcome to a new episode of Business Lunch! In this episode, Roland Frasier and Ryan Deiss dive deep into the concept of "high agency" - exploring what makes certain individuals stand out in business, how to identify and nurture high agency behavior, and why it matters for organizational success. The conversation ranges from personal anecdotes about challenging workplace norms to a strategic discussion about building innovative teams.

Highlights:

"The only unacceptable thing is, 'That's just the way it's always been done.'"

"If you're butting heads with them because the status quo seems wrong to them, that's an opportunity, not a threat."

"I want everybody to know the reason that we do something, the why behind it."

"Most tests probably won't work better - that's the whole point of having a control."

Timestamps:

00:00 Introduction

04:41 Defining "High Agency" Concept

09:03 Elon Musk as a High Agency Example

13:01 The Importance of Good Judgment

18:17 Personal Work Histories and Agency

22:23 Creating Environments That Foster Agency

28:50 Can High Agency Be Taught?

32:48 Balancing Testing and Control in Organizations

35:45 Conclusion

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