023 Mastering The Great Game with Jack Stack
Episode description
01:01 – Michael introduces today’s guest, Jack Stack
04:21 – Jack’s origin story and the goal of The Great Game of Business
14:25 – The importance of forward-thinking forecasting
20:29 – The secret sauce of The Great Game of Business
27:50 – The importance of the critical number
34:14 – Jack speaks to a story in his latest book, Change The Game
38:03 – The importance of creating jobs
39:59 – Michael and Jack discuss the value of culture
45:13 – Jack provides some final observations and takeaways on business
49:34 – Jack talks about the state of the economy
53:57 – Michael thanks Jack for joining the show and for the great work that he’s doing
54:23 – Where listeners can follow Jack
56:08 – Where to find Michael’s Functional Team Scorecard
TWEETABLE QUOTES
“I began to realize there’s two ways of leading a company. One is by a product and service and then one is these people look at the company from a totally different set of metrics. I’m trying to make a precision flywheel and they’re trying to make a precision balance sheet.” (07:26)
“If you’re not creating new businesses in your companies right now, your survival’s gonna be very very small in the future.” (21:38)
“If you can forecast, you can actually control the world.” (24:40)
“You need sales. There’s no question you need sales, ok? But sales without margins is just more work.” (33:04)
“Selling EBITDA is like selling a house with only one bathroom.” (39:34)
“When you appeal to the highest level of thinking, you get the highest level of performance.” (45:47)
RESOURCE LINKS
BOOKS MENTIONED
Jack’s Books – The Great Game of Business & Change The Game