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What is behavioral economics? Why does it matter to you?

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Podcast Episodes

What is behavioral economics? Why does it matter to you?

349. Unlocking Success Through Collaboration: Insights from Priscilla McKinney

In this episode of The Brainy Business podcast, you will learn from Priscilla McKinney about the power of collaboration in business. Priscilla emphasizes the mindset shift required for successful collaborations. She highlights the importance of embracing different perspectives, being prepared for unexpected situations, and thinking on your feet. Priscilla also discusses the value of connections and networking, sharing her own collaboration with host Melina Palmer at an event. They demonstrate that collaboration can exist even among competitors, bringing unique perspectives and ideas to the table.

Priscilla’s book, Collaboration is the New Competition, provides practical guidance on fostering collaboration within organizations. By shifting from competition to collaboration, businesses can thrive in today’s interconnected world. Key takeaways include understanding people’s behavior in marketing, the value of collaboration in business success, the power of networking, and the need for differentiation. This engaging and thought-provoking conversation highlights collaboration as a key driver of innovation, growth, and success in business.

In this episode:

  • Enhance collaboration and foster partnerships for increased business success.
  • Unlock the power of mindset to drive effective collaboration.
  • Build valuable connections through strategic networking.
  • Shift from scarcity to abundance mindset for greater collaboration opportunities.
  • Harness the power of differentiation to drive successful collaborations.
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HERE'S A 2 MINUTE TIP.

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SHOW NOTES:

00:00:00 – Introduction,
Introduction to the episode and guest, Priscilla McKinney, who is the author of Collaboration is the New Competition.

00:02:06 – Background and Expertise
Priscilla shares her background as the CEO of Little Bird Marketing and her experience in anthropology. She emphasizes the importance of understanding people and culture in marketing.

00:05:01 – Personal Experiences and Cultural Anthropology
Priscilla discusses how her personal experiences as a missionary’s child and living in different countries shaped her understanding of collaboration, culture, and the importance of getting along.

00:07:39 – Collaboration and Marketing
Priscilla explains the connection between collaboration, marketing, behavioral science, and cultural anthropology. She highlights the role of collaboration in building strong relationships and achieving success in business.

00:09:52 – Origin of Collaboration
The discussion revolves around Melina’s collaboration with Maru Group and Protobrand, where Will Leach connected her as the MC. They emphasize the value of collaboration and how it can overcome competition.

00:16:09 – The Value of Collaboration
Priscilla discusses the value of collaboration and how her early experiences in the credit union industry taught her the importance of cooperation and sharing ideas. She emphasizes the abundance mindset and the willingness of credit unions to help each other thrive.

00:17:30 – The Power of Networking
Priscilla and Melina highlight their shared experiences in the banking and credit union industry. They highlight the importance of surrounding yourself with like-minded people who are willing to collaborate and share knowledge. Priscilla emphasizes the cooperative nature of the market research industry.

00:18:57 – Opening Minds to Collaboration
Priscilla encourages readers to open their minds to collaboration and challenges them to rethink their previous experiences with it. She suggests that what people may have considered collaboration in the past may not have been true collaboration. She invites readers to give it another try.

00:20:21 – Collaboration Gone Wrong
Priscilla discusses the common pitfalls of collaboration, using the example of a group project in which one student ends up doing all the work while others take credit. She emphasizes the need for equity, transparency, and a desire to win for true collaboration to occur.

00:24:24 – The Framework for Collaboration
Priscilla outlines the three essential elements for successful collaboration: having something to lose and gain, being transparent and open, and having a desire to win for the benefit of all involved.

00:30:49 – Moving from Scarcity to Abundance Mindset
Priscilla discusses the importance of shifting from a scarcity mindset to an abundance mindset. Instead of always trying to get their way, she encourages a mindset of helping others and believing that everyone can achieve their goals.

00:31:26 – Itchy Backs – Cultivating a Helping Mindset
Priscilla explains the concept of “itchy backs,” where you focus on meeting the needs of others. By being aware of what others need and offering help, you can build strong relationships and collaboration opportunities.

00:34:31 – The Rule of 15 – Inspiring Collaboration
Priscilla introduces the Rule of 15, which emphasizes the importance of creating content that inspires collaboration. Building relationships takes time, and it’s essential to pay it forward and show genuine interest in others before expecting collaboration opportunities.

00:35:53 – LinkedIn Cocktail Party – Shifting Mindset
Priscilla suggests thinking of LinkedIn as an online cocktail party rather than just a social media platform. She highlights the importance of showing up correctly, curating a great guest list, and being a good conversationalist to build meaningful connections.

00:38:59 – Avoiding Pitch Slapping – Building Relationships
Priscilla discusses the negative impact of pitch-slapping, where people immediately try to sell or pitch their services without building a relationship first. She encourages being mindful of etiquette and building relationships before asking for anything.

00:44:49 – Collaboration and Feedback on the Book
Priscilla discusses her book and invites Melina to read it and provide feedback for the second edition. They encourage listeners to connect with Priscilla on LinkedIn and check out her website to get a copy of the book and share it with others.

00:45:17 – Continued Collaboration and Friendship
Melina expresses her enjoyment of talking with Priscilla and their ongoing collaboration. Priscilla is referred to as a friend of the podcast forever, and Melina offers her support for any future collaborations.

00:45:47 – Supporting the Podcast
Priscilla encourages listeners to give an amazing rating to the Brainy Business podcast as a way to support Melina and help more people find the show. She emphasizes the importance of leading with giving and suggests this as a good deed for the day.

00:46:19 – Treating LinkedIn Like a Cocktail Party
Melina recalls Priscilla’s session at the IIEX Europe Conference where she talked about treating LinkedIn like a cocktail party. She mentions the relatability and engagement of the session and expresses her excitement about discussing it in Priscilla’s book.

00:47:11 –  Conclusion,
Melina’s top insights from the conversation. What stuck with you while listening to the episode? What are you going to try? Come share it with Melina on social media — you’ll find her as @thebrainybiz everywhere and as Melina Palmer on LinkedIn.

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