Summary of #144 Why Good People Need to Understand the Rules of Power feat. Jeff Pfeffer

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00:00:00 - 01:00:00

In the video, Jeff Pfeffer discusses how good people need to understand the rules of power in order to be successful. He argues that the leadership industry is built on unsubstantiated ideas, and that the success of leaders is hindered by their lack of understanding of objective truths and social science. Pfeffer describes the seven principles of power and says that if people want to be successful leaders, they need to be aware of these principles and understand how to apply them.

00:00:00 Jeff Pfeffer discusses how good people need to understand the rules of power in order to be successful. He argues that the leadership industry is built on unsubstantiated ideas, and that the success of leaders is hindered by their lack of understanding of objective truths and social science.
00:05:00 The video discusses how good people need to understand the rules of power in order to be successful. The speaker argues that, in order to be successful, people need to understand the laws of power, as well as how to influence others to adhere to those rules. The speaker also points out that, in order to be successful, people need to have values-based leadership, but that too often this is lacking in practice.
00:10:00 Jeff Pfeffer describes the seven principles of power: getting out of your own way, suspending judgment, understanding human nature, understanding human sociability, understanding how norms cloud objective capacity, being contagiously likable, and making tough decisions. He says that if you want to be a successful leader, you need to be aware of these principles and understand how to apply them in your own life and in the lives of those around you.
00:15:00 Jeff Pfeffer discusses the importance of being a good leader, emphasizing the need for humility and self-awareness. He also recommends reading Adam Grant's column and Teri Bara's article on authenticity and confidence in leadership.
00:20:00 The video discusses the importance of being authentic in different interpersonal contexts, including at work. It cites research that suggests that reciprocity is weakened in situations where people adopt a more calculative mindset.
00:25:00 The video discusses how good people need to understand the rules of power in order to be successful. Jeff Pfeffer says that people are confused about how to mix their friendship with their work because their jobs are intertwined. He suggests that people budget time for networking and other activities that help them advance their careers.
00:30:00 In the video, Jeff Pfeffer discusses the five rules of power, which are: to build a strong personal brand, to network relentlessly, to not only be effective, but to believe it is effective, to build a strong army, and to have positive feedback loops. He also talks about the concept of the self-fulfilling prophecy, which is where people expect something to happen and it actually does, and how confirmation bias can affect how people see things.
00:35:00 Jeff Pfeffer discusses the seven rules of power, noting that rule breaking is an important part of gaining and maintaining power. He discusses how breaking the rules can be beneficial in social justice movements, and how once someone has power, people will overlook what they did to get there.
00:40:00 Jeff Pfeffer discusses how successful leaders often exhibit behaviors that are shocking to people, such as lying and cheating, and how people can learn from these examples. He also discusses how he teaches game theory and strategy to business students, and how they are often surprised by how nice he can be after learning about his views on ethics and morality.
00:45:00 The video discusses the importance of understanding the rules of power, and how knowing these rules can help you better predict and control the behavior of others. The author also stresses the importance of having power in order to effectively craft these rules.
00:50:00 The speaker discusses the importance of understanding the principles that produce desired behavior in an organization. He emphasizes the need for more evidence-based decision-making, and argues that employee evaluations are inaccurate and student evaluations are not useful.
00:55:00 Jeff Pfeffer talks about how good people need to understand the rules of power in order to be effective. He cites studies that show there is no correlation between student evaluations and objective measures of learning. He also talks about how hospitals often reward people for making more loans rather than for quality.

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Jeff Pfeffer, a management expert, discusses the importance of understanding power dynamics and how to utilize them for one's own advantage. He also recommends reading his book "Seven Rules of Power." This book can help you learn how to be more disciplined in your thinking and how to take a closer look at the relationships between different measures in order to make better decisions.