495: Setting up scale: How to avoid voltage drop (with John A. List)

495: Setting up scale: How to avoid voltage drop (with John A. List)

Welcome to an episode with a highly regarded economist and best-selling author, John A. List. Get John's book here: https://amzn.to/3BDlHzj

In this episode, John defined scaling – an overused yet often confused word in the startup world today – and elaborated the term. He also spoke about the voltage effect and how it relates to scaling. The discussion revolved around the five vital signs that every scalable idea must possess to avoid voltage drops and gave numerous realistic examples to help us visualize each sign. John also shared the top things that we must keep in mind when making decisions related to scaling.

Professor John A. List is the Kenneth C. Griffin Distinguished Service Professor in Economics at the University of Chicago. His research focuses on combining field experiments with economic theory to deepen our understanding of the economic science.

In the early 1990s, List pioneered field experiments as a methodology for testing behavioral theories and learning about behavioral principles that are shared across different domains. He co-authored the international best seller, The Why Axis, in 2013.

List was elected a Member of the American Academy of Arts and Sciences in 2011, and a Fellow of the Econometric Society in 2015. List received the 2010 Kenneth Galbraith Award, the 2008 Arrow Prize for Senior Economists for his research in behavioral economics in the field, and was the 2012 Yrjo Jahnsson Lecture Prize recipient. He is a current Editor of the Journal of Political Economy.

Get John's book here:

The Voltage Effect: How to Make Good Ideas Great and Great Ideas Scale. John A. List: https://amzn.to/3BDlHzj

Enjoying this episode? Get access to sample advanced training episodes here: www.firmsconsulting.com/promo

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690: Winning Mondays: Empowering Leaders and Teams (with Paul Epstein)

690: Winning Mondays: Empowering Leaders and Teams (with Paul Epstein)

Welcome to an interview with the author of Better Decisions Faster: Unshakable Confidence When You Need It Most, Paul Epstein. In Better Decisions Faster, Paul draws from the green-light wisdom of For...

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689: Principles to Succeed at Any Table in Business, Sports, and Life (with US Open Medalist, Justin Bookey)

689: Principles to Succeed at Any Table in Business, Sports, and Life (with US Open Medalist, Justin Bookey)

Welcome to an interview with the author of Ping Pong Leadership: 18 Principles to Succeed at Any Table in Business, Sports, and Life, Justin Bookey. In this book, Justin distills lessons from a belove...

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688: How VC Shapes Startups (with Benjamin Shestakofsky)

688: How VC Shapes Startups (with Benjamin Shestakofsky)

Welcome to an interview with the author of Behind the Startup: How Venture Capital Shapes Work, Innovation, and Inequality, Benjamin Shestakofsky. This book draws on nineteen months of participant-obs...

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687: Fair Shake: Women and the Fight to Build a Just Economy (with Naomi Cahn, June Carbone, and Nancy Levit)

687: Fair Shake: Women and the Fight to Build a Just Economy (with Naomi Cahn, June Carbone, and Nancy Levit)

Welcome to an interview with the authors of Fair Shake: Women and the Fight to Build a Just Economy, Naomi Cahn, June Carbone, and Nancy Levit. This book explains that the system that governs our econ...

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686: Reevaluating Our Relationship with Change (with Former Deloitte's Chief Learning Officer, Ashley Goodall)

686: Reevaluating Our Relationship with Change (with Former Deloitte's Chief Learning Officer, Ashley Goodall)

Welcome to an interview with the author of The Problem with Change: And the Essential Nature of Human Performance, Ashley Goodall. Drawing on two decades spent leading HR organizations at Deloitte and...

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685: The New Rules of Persuasion (with Founder and CEO of Triggers, Leslie Zane)

685: The New Rules of Persuasion (with Founder and CEO of Triggers, Leslie Zane)

Welcome to an interview with an award-winning marketer, TEDx speaker and authority in harnessing the instinctive mind to accelerate brand and business growth, founder and CEO of Triggers, Leslie Zane...

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684: The Venture Mindset: How to Make Smarter Bets and Achieve Extraordinary Growth (with Stanford Professor and Venture Capital Expert, Ilya Strebulaev)

684: The Venture Mindset: How to Make Smarter Bets and Achieve Extraordinary Growth (with Stanford Professor and Venture Capital Expert, Ilya Strebulaev)

Welcome to an interview with the coauthor of The Venture Mindset: How to Make Smarter Bets and Achieve Extraordinary Growth, Ilya Strebulaev. This book offers a transformative playbook for delivering ...

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683: Navigating the New Data Rules (with Cristina Alaimo)

683: Navigating the New Data Rules (with Cristina Alaimo)

Welcome to an interview with the coauthor of Data Rules: Reinventing the Market Economy (Acting with Technology), Cristina Alaimo. In Data Rules, Cristina Alaimo and Jannis Kallinikos establish a soci...

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