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The Reindeer Effect

The Reindeer Effect

FromWizard of Ads Monday Morning Memo


The Reindeer Effect

FromWizard of Ads Monday Morning Memo

ratings:
Length:
6 minutes
Released:
Mar 4, 2013
Format:
Podcast episode

Description

I think there should be something in science called the ‘reindeer effect.’ I don’t know what it would be, but I think it’d be good to hear someone say, ‘Gentlemen, what we have here is a terrifying example of the reindeer effect.’– Jack HandeyThe Reindeer Effect isn’t real.AThe Ikea Effect, however, is real enough to be the subject of a story in Harvard Business Review. The essence of it is this: We don’t put effort into things because we love them. We love them because we put effort into them.1. We find purpose and see value in the work of our hands.2. We see a reflection of ourselves in the things we create.  The Ikea Effect was named for that highly successful, international retailer known for selling flat-pack furniture that must be tediously assembled by the purchaser. Persons who assemble this furniture tend to place a much higher value on the finished product than persons who had no involvement in its construction.The authorship of virtually every book in the Bible is debated by scholars. I don’t want to put my dog in that fight, so let me say for the record that I choose to believe Solomon wrote the book of Ecclesiastes toward the end of his life approximately 3,000 years ago. Solomon enjoyed the freedom to follow his passions and pursue his dreams. Ecclesiastes is his diary of that journey. In it, Solomon shares what he learned on that fateful day he found the final answer. Here’s an often-quoted passage from chapter 3:There is a time for everything,and a season for every activity under the heavens:a time to be born and a time to die,a time to plant and a time to uproot,a time to kill and a time to heal,a time to tear down and a time to build,a time to weep and a time to laugh,a time to mourn and a time to dance,a time to scatter stones and a time to gather them,a time to embrace and a time to refrain from embracing,a time to search and a time to give up,a time to keep and a time to throw away,a time to tear and a time to mend,a time to be silent and a time to speak,a time to love and a time to hate,a time for war and a time for peace.What do workers gain from their toil? I have seen the burden God has laid on the human race. He has made everything beautiful in its time. He has also set eternity in the human heart; yet no one can fathom what God has done from beginning to end. I know that there is nothing better for people than to be happy and to do good while they live. That each of them may eat and drink, and find satisfaction in all their toil — this is the gift of God.That last bit is usually left out when people put this quote on posters and calendars and greeting cards. Solomon’s assertion that the true secret of happiness is to find satisfaction in our toil – our efforts – the work of our hands – is just too plebeian an answer for ambitious people who are driven to succeed. But the Ikea Effect – and the Harvard Business Review – seem to confirm Solomon’s assertion. Even so, most of us will continue to overvalue that glimmering destination on the horizon – “Success” – never quite realizing that any value it has in the end will be produced by memories of the journey that took us there. Now let’s think for a moment about this idea that we love things because we put energy into them. When a thing becomes the object of concentrated hope and focused effort, when we inject it with our own life-force and energy, it becomes very precious to us. Actions trigger feelings. We usually wait to fall in love with something before throwing ourselves into it. A subject in school, a nonprofit organization, a hobby, a sport, a business. But the Ikea Effect tells us that...
Released:
Mar 4, 2013
Format:
Podcast episode

Titles in the series (100)

Thousands of people are starting their workweeks with smiles of invigoration as they log on to their computers to find their Monday Morning Memo just waiting to be devoured. Straight from the middle-of-the-night keystrokes of Roy H. Williams, the MMMemo is an insightful and provocative series of well-crafted thoughts about the life of business and the business of life.