Billionaire Mark Cuban says he’s noticed one factor that always leads to success in the boardroom or on the basketball court. It’s a team culture.
On this week’s episode of the “Re:Thinking with Adam Grant” podcast, the “Shark Tank” investor and Dallas Mavericks owner talks more about creating collaborative environments than collecting raw talent. said to be important. He fired business partners and replaced basketball players because of their personalities, especially when the team had multiple members who were self-centered or belligerent.
“Culture and chemistry are essential to success,” Cuban said. “The team says he can have one knucklehead, but he can’t have two. One knucklehead adapts and the two hang out together.”
Cuban said he knows organizations are in trouble when employees start moving to competitors. He refuses to contribute to team culture before dismissing employees. I prefer to stay ahead of this trend by firing leaders.
“Sometimes you have to turn everything upside down and get rid of the people who are part of the toxic side of it,” Cuban said.
When hiring, Cuban is specifically looking for people who can help make the workplace a better experience for others. In one instance, he hired a CEO who didn’t have as much experience as other candidates, but excelled at “supporting employees and training and enhancing employees.”
“[They] The business experience might not have been what I was looking for otherwise,” Cuban said.[But they] was putting [employees] in a position to succeed [better] more than anyone i’ve seen. “
In basketball, Cuban did not necessarily screen new players for narcissism, but swapped players to stimulate motivation within the team. It seems to be in line with experts who argue that numbers can affect its success.
In a 2019 study, researchers at the University of Buffalo School of Management analyzed nearly 35,000 tweets and profile pictures from 400 NBA player profiles for levels of narcissism and then mapped the results to the 2013-2014 NBA regular season. Compare with season results. This resulted in poorer coordination and performance, with teams with the highest levels of narcissism improving slower than teams with lower levels of narcissism.
Cuban said he’s noticed the same pattern in coaching. After hiring Jason Kidd as the Mavericks’ head coach during the offseason, the team forged a path to the Western Conference Semifinals in May.
“It was pretty much the same team as the year before, but Jason Kidd came in to raise expectations and communicate better,” Cuban said. “And that helped develop our chemistry because everyone knew what was expected of them. They knew their roles. I knew how to fit in.
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