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2 minutes of reading
Do you motivate people right? If you know Goodhart’s Law, you can make a big mistake.
Goodhart’s law states: “When a measure becomes a goal, it ceases to be a good measure.” It may seem dense and complicated, but for any leader it is critical to understand. In this video, I break down what Goodhart’s law means – and why it is so important to your management skills.
Used properly, Goodhart’s Law ensures that your people work together to achieve common goals that benefit the company. But ignoring the law and chaos can result.
Goodhart’s law applies to the management of trade groups, projects and virtually any business enterprise – and not all. I show how this principle can cause a good dog to go bad or even lead to manipulation by your children.
If you’ve ever tried (or failed) to teach a child to potty, you need to know.
The stories in this video come from my podcast Archive of Pessimists, which studies how change occurs (and why people often oppose it). Check out the show for more!