Join us in this captivating podcast episode as we delve into the intriguing concept of the Cobra effect. Inspired by real-life examples and insightful discussions, we explore the unintended consequences that can arise when well-meaning incentives backfire.
Through thought-provoking stories of perverse incentives, such as the Cobra effect in colonial India and other instances from various industries, we shed light on the importance of considering intention, action, and effect when designing incentive structures.
Throughout the episode, we emphasise the significance of involving stakeholders, anticipating exploitation, and evaluating potential unintended consequences. By doing so, we can avoid the pitfalls of poorly designed incentives and create systems that drive the desired behaviours and outcomes.
Tune in to this enlightening discussion as we navigate the complexities of incentivisation, share valuable insights, and provide practical guidance for designing effective and impactful incentive programs. Take advantage of the opportunity to gain a deeper understanding of the Cobra effect and learn how to avoid its unintended consequences.
Thanks for listening!
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This episode was produced under Safety Collaborations Limited and now continues as part of Karin Ovari Limited. While we are not currently releasing new episodes, the entire library remains active, and the topics covered are just as relevant today as when they were first recorded.
To learn more about my current work in leadership and communication, visit karinovari.com and the leadership community, The Supervisors Hub.
Connect with us on LinkedIn: Karin Ovari, Nuala Gage,
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The Safety Collaborators