023 Mastering The Great Game with Jack Stack

CEO BrainFood

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

Michael’s LinkedIn

Michael’s Website

The Functional Team Scorecard

Jack’s LinkedIn

Jack’s Website

BOOKS MENTIONED

Jack’s Books – The Great Game of Business & Change The Game

Get In The Game