Today Show: Givers and Takers Review
Nice guys don’t always finish last in business. The old adage of thinking just about yourself and making as much money as the CEO of a company is a business technique that has gone out the window in the past couple years. According to Adam Grant, the CEO who puts his company first is the CEO that will be the head of the company the longest.
Today Show: Adam Grant Business Advice
At only 31, Adam Grant is the youngest tenured professor at the University of Pennsylvania’s Wharton School of Business, he was named Business Weeks’ favorite business professor and he was named as one of the top 40 professors under 40. But why? According to Grant, you can actually finish first by being the nice guy. His work suggests that people can be the head of large companies not by being interesting in their own survival but also in the survival of their peers and employees at the company.
In his newest book, Givers and Takers, Grant explains that people can be put into three categories. Some people are takers. These are the types of people who only help themselves and only help others when the benefits will mostly benefit them. Other people are givers. Grant said givers are the types of people who put other people’s needs before their own even if there is no benefit to them personally. But most of us are matchers. Matchers live in the world of fairness. They are equally givers and takers, with the idea that even exchanges keep the world spinning.
Today Show: Givers Take Over the Future World Of Business
One famous giver was Abraham Lincoln, said Grant. Lincoln could see the big picture. He could see what was best for the country and he brought along the best people to help him build the country, regardless of whether he agreed with the people or even liked them. He wanted to better the country, not himself. Grant said this works for givers because in a team setting the team is thankful to the giver for taking on the brunt of the work, which often leads to promotions.
As for takers, Grant said many CEOs are takers. He used Ken Lake, former CEO of Enron, as an example. All takers have the biggest picture in reports, he said. And in the case of Lake, he did everything he could to benefit himself, essentially running his company into the ground.
“We underestimate how much success can come from helping others,” said Grant, who pointed out numerous companies, from Google to the Make a Wish Foundation, have called on his services to help them create an environment of givers.