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Why Relationships Are Crucial To Success

February 19, 2014 / 20:01

This episode features Adam Grant interviewing Keith Ferrazzi, discussing relationship building, networking, and behavior change. Key topics include the importance of generosity in relationships, the concept of a "people plan," and the three layers of currency in networking.

Keith Ferrazzi emphasizes that relationships are crucial for success in any endeavor. He introduces the idea of a "people plan," which involves identifying key individuals necessary for achieving personal goals. He also highlights the importance of leading relationships with generosity, focusing on what others need rather than a transactional mindset.

Ferrazzi outlines three layers of currency for building relationships: universal currency, which is about being the kind of person others want to be around; professional currency, which involves delivering quality work; and personal currency, which is about understanding and caring for others' interests.

He shares insights on overcoming suspicion when offering help, advocating for transparency in intentions. Ferrazzi also discusses his work with disadvantaged communities, particularly in foster care, and how his methodologies have transformed lives and behaviors.

The episode concludes with tips on making effective introductions, stressing the importance of understanding the needs of both parties involved.

TL;DR

Keith Ferrazzi discusses relationship building, networking strategies, and the importance of generosity in personal and professional success.

Episode

20:01
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I'm Adam Grant I'm here with New York
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Times bestselling author Keith farazi
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he's written Never Eat Alone as well as
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who's got your back also the former
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Chief marketing officer at deoe and
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Starwood Hotels in addition he runs
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ferazzi Greenlight and he's really
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focused a lot on philanthropy and
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disadvantaged communities these days as
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well as research around Behavior change
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Keith pleasure to have you here you did
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that in one take I'm so impressed
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actually may maybe or maybe I didn't
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we'll see thanks a lot for having me now
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we we'd love to chat with you a little
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bit about building relationships and and
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networking what you're known best for so
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talk to us a little bit about how you
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think about building relationships well
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I don't think uh the fact that I'm here
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is probably um you know part and partial
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of the fact that you and I believe very
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much the same thing and that is number
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one relationships are crucial to all of
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our success no matter what we want to
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achieve in our life uh whether it's to
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be president of the United States the
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CEO of a company to to write some social
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ill whatever it is people are crucial in
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achieving that and that's what we study
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we are a research institute on
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relational and collaborative Sciences
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but particularly focused not just on
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studying the relationships and how one
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goes about building better relationships
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but more importantly how do you change
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Behavior how in fact do you sustainably
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change the behaviors in our life to step
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up to be more effective in our
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relationships and our collaboration so
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number one relationship Primacy is
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really critical to me I always ask the
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question what do you want to achieve in
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life and then the next question you
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always have to ask is who who are the
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people that are necessary to achieve
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that and that's when we introduce
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something that we call a people plan um
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the next thing we believe in is that
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people are too damn busy people are too
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damn busy to spend any time with you and
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and people are too damn busy to pay
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attention to your issues unless of
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course you lead all relationships with
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generosity what's in it for them and
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that's sort of the old way of thinking
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that it's a balance sheet sort of
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scorecard but it's really not it's
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really just leading in the world with an
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unadulterated Focus on making other
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people successful and if you walk around
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the world creating an environment around
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yourself that invites people in to be
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generous to them you will have
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extraordinary success and I can get into
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a lot more of the detail but I think
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those are the basic principles people
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are critical and go help them I I love
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the message so let's talk about how to
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make it practical so if I want to think
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about being more generous to the people
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around me what are some of the steps you
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recommend well the first thing we think
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about is um you've got to develop what
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we call your currency and there are
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three layers of currency that you have
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to offer generosity um any one
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individual can exercise any one of them
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with uh with more ease or not the first
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layer is the kind of generosity that
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just makes people want to be around you
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we call that universal currency um are
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you the kind of person that people want
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to be around you know some people use
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wit um but I have to tell you that the
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the leading indicator of are you the
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kind of PE person that people want to
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hang around is authenticity it's
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vulnerability actually to teach leaders
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that for their ability to create
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environments around themselves that
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invite their own team in an organization
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abroad Etc it's it's their leading with
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their own
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Humanity there's there's there's the
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part of our brain The Reptilian Brain
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that that that uh drives our fight
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flight mechanism is really what's in
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control here
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anthropologically while we long to
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connect with other people we long to be
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uh in somebody's what's called an
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ingroup right um on the other hand we're
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so F particularly in the last 20 to 30
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years where we don't have as much
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practice being communal we're so fearful
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that that another person is them instead
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of us that they're not our tribe they're
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another tribe that we walk around
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putting guards up pushing people away
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the ability to get into somebody's
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ingroup is the ability to let your own
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guard now so that's probably the first
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thing and I can get into a lot more
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detail around that in fact due in my
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second book who's got your back where I
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teach people how to be more effective at
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building those Lifeline relations ships
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because we feel that if you don't have
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those Lifeline relationships those deep
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intimate kick your butt tell you the
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truth love you no matter what uh care
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for you help you kind of relationships
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the extension of your network is going
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to be quite weak um so number one again
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is just the focus on universal currency
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by the way um I I highly Advocate
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therapy I high highly Advocate going
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seeing uh uh a coach or a priest or
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whatever it takes some people have such
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a difficulty trusting other people that
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sometimes you have to pay somebody to
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practice learning how to trust and and
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you call them a coach right any the
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great athletes in the world have at
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least two or three coaches if you want
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to be the best relational athlete
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spousal athlete if you want to be the
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best leadership athlete if you want to
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be the best professional athlete go get
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a coach all right next layer um the next
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layer focuses on the professional
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currency and I think most people have
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curated that the most we have we lead in
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the world with strong professionalism we
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bust our butts we do a great job we make
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sure our products are solid Etc although
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I have to I have to say that you know in
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retrospect in my life I spent way too
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much time early on as an entrepreneur
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pushing selling as opposed to generously
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serving and once I started to generously
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serve my product got better uh as an
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entrepreneur so even in that area of
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professional currency people who believe
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that their job is to sell stuff versus
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serve a community uh actually don't do
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as well the third layer of currency that
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we all have to curate and making other
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people successful and creating an
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environment around us is literally
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trying to understand what the hell
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somebody cares about if you care about
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your kids I have a 15-year-old Foster
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son anybody who wants to help the foster
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care system and is willing to put their
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money and their time behind it I'll
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spend time with right you and your work
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around I mean if if you know I want want
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to get to know you because you're a
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young mover and a Shaker and you're out
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there in the in the intellectual
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property World in a space that I want I
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would like to to to participate in and
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the work that you're doing and I'm so
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proud of of of all you've done I really
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am so much so proud of all you've done I
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show up here from Los Angeles I fly in
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from Los Angeles to do this for you and
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then I've got to fly back out again
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tomorrow morning I'm here for you
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because you are on a list of individuals
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that matter to the intellectual property
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that I'm trying to perpetuate in the
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world you're on a people plan side
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somewhere at farazi Greenlight that says
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Adam's the kind of dude that we want to
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hang with therefore you serve him that's
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that's a scary thought right there well
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but but it's true if you're doing great
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things all I care about and all my firm
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cares about right now is making a
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difference in the world around
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relational competencies and changing
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people's behavior and moving the world
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toward a greater degree of relational uh
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competency generosity um you know
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humanity and particularly disadvantaged
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communities which we can get to later
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anyway you asked me one question I spent
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a lot of time talking about it but was
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really important to us if you're going
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to build generosity you're do building
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it on three layers the universal
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currency of who you are and how you're
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interact with people um the professional
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currency of delivering an extraordinary
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product and the personal currency of
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also ultimately saying you know you know
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by the way I've got some good baby books
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um I understand you're a new dad um and
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that there's some opportunities for you
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to consider uh um you know things that I
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can do for you whatever it is I want to
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serve you in whatever way possible to
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make you a better person more successful
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personally M it makes sense I guess one
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of the challenges that many of us run
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into is when we approach networking or
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relationship building with this idea of
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helping others they often react with
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suspicion why do you want to help me
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what's in it for you how do you manage
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that I because you be transparent I
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think the weirdness is that we think
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that this has to be something cloistered
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in any way um I just told you you're
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you're you're an individual whose
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intellectual property is making it on
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the stage and it's a set of intellectual
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property that I believe strongly in so I
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want you to be more successful my job is
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that anybody who is perpetuating a space
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that I care about I need to serve them
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because my job is to help other people
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be as great as they possibly can be as
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long as it promotes our mission um so
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and now I told you why right it's very
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clear very transparent that's my agenda
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so to speak um and there we go by the
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way when my when I have an
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African-American kid and when when we
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brought my boy into our home at 12 uh I
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decided I needed more African-American
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leaders in my life and so I started
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reaching out to African-American leaders
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in the Los Angeles area saying Hey
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listen you know I've just uh brought in
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a foster son um I want this child to
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have uh an incredibly strong and proud
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and Rich uh uh upbringing as an
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African-American youth I want to make
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sure that there's other influences in my
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life so you know guy like guys like Jay
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Jay Williams from duke uh are now a part
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of my friendship but there's nothing
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wrong with that that Jay's an awesome
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guy I'm helping Jay with his his new
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book he's one of the most extraordinary
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people that I know out there just as a
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human right I'm going to having up for
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dinner soon you know there's nothing
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wrong with transparency when your
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heart's in the right place so when they
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when they're I think suspicion is
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meaning they're waiting for the shoe to
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drop right well just drop the damn shoe
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right up front say hey dude you're
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interesting you know you're a poet I
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need more I want more poets in my life I
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want journalists in my damn life because
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I find them they they just read which is
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relieving in Los Angeles right so so I
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reach out to people and I tell them that
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I just tell them that I love it so what
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do most people do wrong when they
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approach relationships and networks in
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your experience it's a mindset and it's
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a mindset of what's in it for me right
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that's the first thing it's a mindset of
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what's in it for me and it's stinks on
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their suit a mile away what's in it for
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me um it needs to be a values-based
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Judgment of how you're going to live
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your life and and you've gotta now by
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the way I mean there's an AA slogan uh
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called fake it to you make it so you
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know the point is that little by little
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by little you've got to be able to
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recondition your brain and that's one of
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the things about human behavior change
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human behavior change doesn't happen
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through knowledge if it happened through
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knowledge then nobody on a diet would
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eat a piece of cake right I mean the the
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the bottom line is we need to experience
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Behavior change small doses of
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incremental experiences positive
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experiences not even negative
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experiences small doses of incremental
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positive experiences change mindsets so
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you change the behavior to change the
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mindset um we unfortunately have
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addictions and I use the word Addiction
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and I follow things like 12-step
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programs and other mechanisms to shift
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uh behavioral addictions because
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everybody who's watching this has an
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addiction there's not a single person
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that isn't addicted to feeling less than
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in a room
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procrastination um you know some
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behavioral addiction that holds us back
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that you know being too shy being too
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insecure being too whatever tempers all
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these things are nothing more than
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addictive behaviors that we practice
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even though they don't serve us well
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right so little tiny doses of new
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behaviors pushing yourself incrementally
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will will be the way in which we change
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those behaviors you got a question I
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think I do in fact so in the spirit of
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transparency so 2005 had a group of MBA
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students who were reading your first
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book Never Eat Alone and everybody was
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buzzing about it it was changing the way
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they were thinking about networks I went
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and read it and at first it was very
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hard to process as a relatively
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introverted guy I want to eat Al loone
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and I think it really pushed me to to
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think differently about how I manage my
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network what's been the reaction to to
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the book over the years oh gosh I mean
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you know the the the best I my life has
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been transformed because of it um it
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gave me a purpose that I didn't think
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I'd have um when I was young I wanted to
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be in politics and then was
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disillusioned by that and I mean I found
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my my way back around to being what I
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think I was put on this planet for is to
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try to make a difference to make an
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impact and you know as an entrepreneur
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as a philanthropist um I that's a fancy
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word as somebody who wants to to help
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disadvantage communities um what I've
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what I've really learned is that that
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book has given me entree as now yours
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has and will um it's really kind of
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powerful uh
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what I've learned is that when somebody
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reads that book and is overwhelmed the
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way we wrote it was with so many small
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tactical things you could just try right
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that it's very difficult to ignore the
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whole body without trying something and
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and people generally navigate their way
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to trying something and then when they
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do they were like well damn that wasn't
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that bad you know it was actually worked
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and then they want more and they want
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more and that's exactly I mean look
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we're transforming massive cultural
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iconic corporations uh behaviors saving
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them from um from uh from from
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directions that was uh you know
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potentially um uh eviscerating to the
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entire company and and the way we're
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going about doing that first of all the
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the most uh the least curated set of
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behaviors that are necessary for large
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corporations to change uh are the
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relational ones because we grow up in
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large companies through the operations
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through the finance Etc and we don't
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think of the relational we think of it
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as woowoo well we've engineered
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behavioral understanding and by
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engineering behavioral understanding
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around relationships particularly um we
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what we call we thin sliced the
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practices so that we can give people
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small doses coated in Sugar that give
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them a chance that to to begin to shift
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massive mindset changes and we've been
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very proud of of being able to do that
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at some pretty damn big companies to
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extraordinary results I one particular
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large telecommunications company over
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the last two years got $3.2 billion
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dollar of new Pipeline and 1.7 billion
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of new Revenue around key strategic
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accounts just by applying uh the
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intervention uh methodologies that we
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put into place wow what kinds of
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behavior changes are we talking about
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that that at least move in that
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direction well again Behavior changes
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are are too broad even one of the things
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we're realizing that is the behavior is
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made up into of of a set of practices so
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the behavior is we want you to build
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loyal relationships with your
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customers that's been preached for years
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on the other hand to say to an
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individual think of three of your
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customers who you would you
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authentically admire and I want you to
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send them an email right now telling
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them that you authentically admire them
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and ask for a cup of coffee right that's
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a practice that's a practice of somebody
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who's relationally and loyally minded
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that one practice with 15 consultants in
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one of the largest consulting firms in
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the world created 2 58 million of new
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Revenue in nothing more than two months
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because that that had opened an
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authentic door that they hadn't been
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willing to open themselves so what we've
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done is we've finin sliced the practices
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around unleashing customer experience um
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in a retail environment uh around
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strategic account management and large
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B2B sales around shifting individuals to
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self-directed learning within large
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corporations so we've got a number of
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verticals that we have so engineered the
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behaviors and practices and then we have
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come up with our methodology to coach
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those practices through positive
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psychology and a number of other levers
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that uh we'll be talking a little bit
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about tonight at the talk um that we've
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been we've been very successful for for
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our clients it's it's interesting to
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hear about the impact on the corporate
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world what about in disadvantaged
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communities well the first one we chose
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was foster care um actually that's not
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true the first one we chose I was going
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down to Guatemala um I just wanted to
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get away and and and help at an
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orphanage and I picked one in Guatemala
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went down and I I thought I was going to
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go down there to give some money out and
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what I realized was that the the glass
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ceiling the addiction the behavioral
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limitation of these very smart kids some
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of them was that they did not believe
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that they could break through their
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cycle of poverty the best that they
00:16:19
could do was going to go out and pick
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beans in the field like their parents
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had um and so we started adapting our
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philosophy and our strategy B basically
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combining the lifeline groups of of
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who's got your back along with the
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relational Outreach of Never Eat Alone
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similar to what the gomon bank does um
00:16:39
for its micr lending but we started
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teaching high potential orphans in
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Guatemala and it was amazing these kids
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never this this population didn't go to
00:16:48
school these kids started graduating
00:16:50
from high school uh going to school and
00:16:52
coming back as nurses as doctors and as
00:16:54
teachers so we've got an entire cycle
00:16:56
cycle of of Rejuvenation of curring ing
00:16:58
using this methodology there we brought
00:17:00
it back to the States for third world
00:17:02
kids I mean to for um for foster kids
00:17:04
80% of the US prison population 80% of
00:17:07
the US prison population came from
00:17:09
foster care it's an extraordinarily
00:17:11
broken system it's a major passion of
00:17:14
mine we now have a a foster son and uh
00:17:17
and and perhaps another on our way we're
00:17:19
negotiating that at home right now
00:17:20
whether we can we can handle it but our
00:17:22
heart certainly can and our bedrooms are
00:17:24
available so um really helping kids
00:17:27
because these are kids whose relational
00:17:30
competency was broken early because the
00:17:32
their their primary relationship severed
00:17:34
that relational competency and then they
00:17:36
were thrown into a transactional system
00:17:38
no intimacy no care no trust no love
00:17:41
they graduate from that system incapable
00:17:44
of bonding incapable of sitting in front
00:17:46
of you looking you in the eye and
00:17:48
establishing any degree of trust no job
00:17:50
competency they find families in gangs
00:17:53
they find Intimacy in prostitution um
00:17:56
they're the highest homelessness rate
00:17:58
it's it's horrible and unfortunately the
00:18:00
politicians won't fix this system
00:18:02
because none of nobody caring about
00:18:04
these folks votes and and it's when we
00:18:08
can't afford our education system for
00:18:10
the people who vote where does the money
00:18:12
go it goes there not on these kids so
00:18:14
we're we're we're doing a major effort
00:18:16
there excellent and one other question
00:18:18
I'd love to close on is you're known for
00:18:21
making introductions and connecting
00:18:23
people who don't know each other any
00:18:24
tips you can offer to our listeners and
00:18:26
readers about how to make an excellent
00:18:27
introduction
00:18:29
you know I I think the key is to do your
00:18:31
research back in my day I had card
00:18:33
cataloges to do my research on and now
00:18:35
we've got you know the internet um what
00:18:38
you need to do is you need to get into
00:18:41
the mind of the person sitting in front
00:18:42
of you and put that triangle on top of
00:18:44
them so you've got two people you want
00:18:45
to introduce make sure that there's
00:18:47
value to both of those individuals right
00:18:50
so if you want to introduce two people
00:18:52
to each other you understand what I
00:18:55
ideally with their personal uh uh
00:18:59
currency is in terms of what their
00:19:00
demands are what do they most need uh
00:19:04
personally and professionally but mostly
00:19:05
personally find out what they're and and
00:19:08
if they're senior chances are they've
00:19:10
got some sense of desire to make an
00:19:13
impact in this world how do they want to
00:19:15
make an impact um family you know
00:19:18
there's a chapter in my book we're
00:19:19
talking about this concept of social
00:19:20
Arbitrage but social Arbitrage of
00:19:23
introducing to people applied with
00:19:25
health wealth and children making a
00:19:26
difference making an impact those are
00:19:28
the things that really matter to people
00:19:30
so if you can put them together for that
00:19:31
purpose that's a bond that sticks very
00:19:34
good Keith thank you for joining us
00:19:35
today that's my pleasure thanks
00:19:44
[Music]
00:19:57
Adam

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This episode stands out for the following:

  • 70
    Best concept / idea
  • 65
    Best overall
  • 65
    Most influential
  • 60
    Most inspiring

Episode Highlights

  • The Power of Relationships
    Keith Farazi shares that relationships are crucial to success in any endeavor.
    “Relationships are crucial to all of our success.”
    @ 00m 45s
    February 19, 2014
  • Leading with Generosity
    To build effective relationships, lead with generosity and focus on others' success.
    “People are too damn busy to pay attention to your issues unless you lead with generosity.”
    @ 01m 38s
    February 19, 2014
  • Authenticity Matters
    Being authentic and vulnerable is key to attracting people into your life.
    “Authenticity and vulnerability are the leading indicators of being the kind of person people want to be around.”
    @ 02m 55s
    February 19, 2014
  • Experience Over Knowledge
    Keith emphasizes that behavior change is achieved through experience, not just knowledge.
    “Behavior change doesn't happen through knowledge; it happens through experience.”
    @ 10m 21s
    February 19, 2014
  • The Importance of Connections
    Making introductions can create impactful bonds. Understand what each person needs personally and professionally.
    “If you can put them together for that purpose, that’s a bond that sticks very good.”
    @ 19m 31s
    February 19, 2014

Episode Quotes

  • Relationships are crucial to all of our success.
    Why Relationships Are Crucial To Success
  • You need to develop your currency of generosity.
    Why Relationships Are Crucial To Success
  • Behavior change doesn't happen through knowledge; it happens through experience.
    Why Relationships Are Crucial To Success
  • Politicians won’t fix this system.
    Why Relationships Are Crucial To Success
  • There’s a chapter in my book about social Arbitrage.
    Why Relationships Are Crucial To Success
  • Those are the things that really matter to people.
    Why Relationships Are Crucial To Success

Key Moments

  • Networking Insights00:30
  • Generosity in Relationships01:38
  • Authenticity and Vulnerability02:55
  • Behavior Change10:21
  • Homelessness Crisis17:56
  • Connecting People18:21
  • Social Arbitrage19:18
  • Making an Impact19:25

Words per Minute Over Time

Vibes Breakdown

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