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In this episode of the Healthy, Wealthy, and Smart podcast, host Dr. Karen Litzy welcomes Dr. Efosa Guobadia, CEO of FFITT Health and co-founder of PT Day of Service, to celebrate the 10-year anniversary of this impactful initiative. Dr.Guobadia reflects on the original vision behind PT Day of Service, emphasizing the core values of community, engagement, collaboration, and service within the physical therapy profession. He shares insights on how the concept has evolved over the years, surpassing their initial expectations and highlighting the limitless potential of service in physical therapy. Join Karen and Efosa as they explore the significance of giving back and the continued growth of PT Day of Service. Time Stamps: [00:01:10] Vision of PT Day of Service. [00:07:24] Burnout during the pandemic. [00:10:44] Compassion in service and health. [00:11:27] Community service in physical therapy. [00:16:05] Falls prevention screenings for community. [00:21:01] Community involvement and engagement. [00:23:28] Movement and community service. [00:26:33] Sustainable systems for movement health. [00:31:16] PT Days of Service. [00:34:08] Rejoice in the beginning.More About Dr. Efosa Guobadia: Efosa L. Guobadia, PT, DPT, is the Founder of FFITT Health; Founder of Move Together, and Co-Founder of the Global PT Day of Service, which has spanned over 80 countries since its inception in 2015. He has contributed chapters to two books: ‘Why Global Health Matters”, edited by Dr. Chris E. Stout; and "Learning to Lead in Physical Therapy", edited by Jennifer Green-Wilson and Stacey Zeigler. He received his BS in Kinesiology from the University of Massachusetts in 2007, his Doctorate of Physical Therapy from the University of Scranton in 2010, and Master of Business Administration from UMass Isenberg School of Management with a focus in finance in 2024.. He is the recipient of the 2017 Distinguished Young Alumni Award given by the University of Massachusetts/Amherst School of Public Health and Health Sciences, is a 2018 American Physical Therapy Association Social Impact Award Recipient, and the 2023 University of Scranton DPT Program Outstanding Alumni Award Recipient. Resources from this Episode: PT Day of Service Move Together PT Day of Service on Instagram PT Day of Service on X PT Day of Service on Facebook Efosa on Instagram Move Together on Instagram Jane Sponsorship Information: Book a one-on-one demo here Mention the code LITZY1MO for a free month Follow Dr. Karen Litzy on Social Media: Karen's Twitter Karen's Instagram Karen's LinkedIn Subscribe to Healthy, Wealthy & Smart: YouTube Website Apple Podcast Spotify SoundCloud Stitcher iHeart Radio
We have an amazing conversation with talented Brazilian zouk dancers and connoisseurs Ebonie Lee, Aaron Montgomery and Efosa Uwa-Omede. We talk about the evolution and popularity of Brazilian zouk as a dance, its relation to the original Caribbean zouk music, and the experience of black dancers in the Brazilian zouk scene.This conversation complements our season 2 episode devoted to zouk: Zouk Party.Listen to all our singles here.For more info and resources check our website here and our YouTube channel here.Contact us at: themixedtapepodcast@gmail.comIf you liked the music we used check our playlists here.Host/Producers: Andrés Hincapié, PhD; Melissa Villodas, PhD Graphic Content Creator: Susan Mykalcio
Last June, Efosa Ojomo and Sandy Sanchez were on the podcast to discuss the process of market creation - discovery, distribution, and democratization - and specifically, as it applied to the creation of a market for solar energy in Nigeria. In this new episode, they return to the recording studio to share with us specific examples of four companies that are getting it right. SunFi, co-founded by HBS alumnus Tomiwa Igun, highlights successful employment of an emergent rather than deliberate strategy; Steamaco illustrates benefits drawn from a clear understanding of customers' Jobs To Be Done; Husk Power Systems exemplifies the strength of pull (as opposed to push) strategies in emerging markets; and Auxano is a company now firmly in the midst of the important distribution phase of the market creation process. There are lessons to be learned from all four of these examples, businesses that to-date have been successful in addressing barriers to market creation in the energy sector in Nigeria. In this conversation, Efosa and Sandy reflect on these learnings. Of further note is that, for listeners wanting to learn more, the duo have also recently published a paper entitled, Accelerating The Adoption of Solar Energy in Nigeria: A Market-Creation Strategy. As Efosa says, “People don't want solar. People want progress.” With this in mind, real advancements can be made towards reaching the last stage of the market creation process - democratization, and in this case democratizing access to electricity in Nigeria and beyond.
Welcome to SEASON 2! This week we want to welcome you into the barbershop! Archie, Jamiel, & Efosa get together with special guest Gerard Cartwright & Derrick Wright to discus dance and its ability or lack there of to change the direction of your entire life. Come hang out with us Also, check our Gerard & Derrick on their socials Gerard: IG - KoalaG Souncloud - DJ Koala G Derrick: IG - Swoove22 Make sure you check out our patreon for Ad free episodes, MORE EXCLUSIVE content as well as Merchandise discounts and other bonus content! www.patreon.com/DanceNoCapPodcast Social Media: IG: @DanceNoCapPodcast Archie: @YoItsArchie Yesi: @Yesibean Efosa: @E.omede Jamiel: @Mitey_mau5 Amber: @DJafrodeshiak --- Send in a voice message: https://podcasters.spotify.com/pod/show/dancenocappodcast/message
Nigeria is home to the largest energy deficit in the world. What can be done to address the striking level of energy poverty in the country? Clayton Christensen used to say that good theory helps us to explain the world but that great theory helps us to transform it. With this in mind, co-author with Clay of The Prosperity Paradox, Efosa Ojomo, joins host Sandy Sanchez to consider the application of the frameworks to the energy sector in Nigeria, using them as lenses through which to assess the adoption – or lack thereof – of solar energy in the country. Solutions to many of the current energy sector challenges in Nigeria lie in the process of market creation, which Efosa outlines as discovery, distribution, and democratization. Currently, too many attempt to jump from the discovery phase directly to democratization, wanting to push modular energy solutions out to the population but without first understanding the process by which markets are created or the context in which the solutions may be absorbed. With a better grasp of Nigerians' Jobs To Be Done (e.g. "How is this energy going to power your life?"), those in the energy sector can establish value-add solutions and business models that will work for the adoption of solar energy, such that people will want to pull the solutions into their lives, creating new energy markets along the way. The distribution phase is crucial to this process, as it is in this phase where infrastructure is built, where trust is established, where discoveries are made profitable, and where democratization becomes possible. In other words, theory can help us to better understand how to get crucial solar energy infrastructure to as many people as possible, building a stable bridge between discovery and democratization. Listen to learn more about the process and potential of market creating innovations and, in this instance, how it's applied to the acceleration of solar energy adoption in Nigeria.
Efosa Ojomo is the Director of the Global Prosperity research group at the Clayton Christensen Institute for Disruptive Innovation, an innovation-focused think tank based in Boston. Efosa is also on the faculty of Northwestern University's Kellogg School of Management where he teaches the course, Entrepreneurship and Market Creation in Emerging Markets. Efosa was selected as one of 30 thinkers in the 2020 Thinkers50 Radar list. He researches and writes about how innovation can transform organizations and create inclusive prosperity for many. In January, 2019, alongside the late Harvard Business School professor, Clayton Christensen, he published the book, The Prosperity Paradox: How Innovation can Lift Nations Out of Poverty. Christensen was the world's foremost thinker on Disruptive Innovation and was a mentor to Efosa Ojomo. Over the past several years, his work has been published and covered by the Wall Street Journal, Harvard Business Review, MIT Sloan Management Review, The Guardian, Quartz, Forbes, Fortune, The World Bank, NPR, and several other media outlets. He speaks and consults often on how organizations can develop a culture that fosters market-creating innovations, and has presented his work at TED, the Aspen Ideas Festival, the World Bank, Harvard, Yale, Oxford, and at several other conferences and institutions. His TED Talk on Innovation and Corruption has garnered over 2 million views. Efosa graduated from Vanderbilt University with a degree in computer engineering and received his MBA from Harvard Business School. In this podcast, he shares:Why the big opportunity of metaverse is not on the all the B2C marketing side that we tend to talk about The number one future trend that keeps her up at nightWhat competencies will be necessary in the future of AI_________________________________________________________________________________________Episode Timeline:00:00—Introducing Efosa + The topic of today's episode2:27—If you really know me, you know that...3:08—What is your definition of strategy?5:55—How did working with Clayton Christensen impact your career?7:33—Can you talk about disruption theory in the context of prosperity, as you developed it?10:31—Could you describe the three types of innovation?15:55—What are the reasons—that we can address—to unlock non-consumption?19:38—How can people connect with you and keep learning from you?__________________________________________________________________________________________Additional Resources: Personal Page: http://efosaojomo.com/Linkedin: https://www.linkedin.com/in/efosa-ojomo-95b74710Twitter: https://twitter.com/EfosaOjomo
Efosa Ojomo is the Director of the Global Prosperity research group at the Clayton Christensen Institute for Disruptive Innovation, an innovation-focused think tank based in Boston. Efosa is also on the faculty of Northwestern University's Kellogg School of Management where he teaches the course, Entrepreneurship and Market Creation in Emerging Markets. Efosa was selected as one of 30 thinkers in the 2020 Thinkers50 Radar list. He researches and writes about how innovation can transform organizations and create inclusive prosperity for many. In January, 2019, alongside the late Harvard Business School professor, Clayton Christensen, he published the book, The Prosperity Paradox: How Innovation can Lift Nations Out of Poverty. Christensen was the world's foremost thinker on Disruptive Innovation and was a mentor to Efosa Ojomo. Over the past several years, his work has been published and covered by the Wall Street Journal, Harvard Business Review, MIT Sloan Management Review, The Guardian, Quartz, Forbes, Fortune, The World Bank, NPR, and several other media outlets. He speaks and consults often on how organizations can develop a culture that fosters market-creating innovations, and has presented his work at TED, the Aspen Ideas Festival, the World Bank, Harvard, Yale, Oxford, and at several other conferences and institutions. His TED Talk on Innovation and Corruption has garnered over 2 million views. Efosa graduated from Vanderbilt University with a degree in computer engineering and received his MBA from Harvard Business School. In this podcast, he shares:Why the big opportunity of metaverse is not on the all the B2C marketing side that we tend to talk about The number one future trend that keeps her up at nightWhat competencies will be necessary in the future of AI_________________________________________________________________________________________Episode Timeline:00:00—Introducing Efosa + The topic of today's episode2:27—If you really know me, you know that...3:08—What is your definition of strategy?5:55—How did working with Clayton Christensen impact your career?7:33—Can you talk about disruption theory in the context of prosperity, as you developed it?10:31—Could you describe the three types of innovation?15:55—What are the reasons—that we can address—to unlock non-consumption?19:38—How can people connect with you and keep learning from you?__________________________________________________________________________________________Additional Resources: Personal Page: http://efosaojomo.com/Linkedin: https://www.linkedin.com/in/efosa-ojomo-95b74710Twitter: https://twitter.com/EfosaOjomo
Development is one of the major challenges of our time. Unfortunately, it's often approached in a way that does more harm than good. Efosa Ojomo has a better solution, and he's here today to share it. Efosa is the leader of the Global Prosperity Research Group at the Clayton Christensen Institute for Disruptive Innovation, the co-author of The Prosperity Paradox, and the author of the upcoming book, The Prosperity Process. In this episode, Efosa explains how his first foray in the development space (building wells in Nigeria) catalyzed a journey of discovery which led him to realize that, in order to truly change the world, we need to implement pull strategies instead of push strategies and focus on market creating innovations. He shares some examples of what these innovations look like and we discuss what it takes to be a market creating innovator, how regulation impacts innovation, a new way to think about corruption, and more! Make sure to tune in today. Key Points From This Episode: • The lesson Efosa learned through his first foray in the development world. • Definitions of the three types of innovation that Efosa and his co-authors explain in depth in their book, The Prosperity Paradox. • Efosa shares the story of Mo Ibrhaim to highlight the power of market creating innovations. • Push versus pull development strategies and the problem with the former. • The story of Indomie Noodles as an example of the huge amount of change that can be made through the implementation of a pull strategy. • How a proliferation of government agencies negatively impacts a country's entrepreneurial ecosystem. • The type of person who is best suited to be a leader in the market creating innovation space. • Aid for developing countries: how the approach needs to change. • Efosa explains why good laws are not enough to create thriving communities. • Key factors that resulted in the rise and fall of Venice. • How Efosa believes we should be tackling the issue of corruption. • A tribute to Clayton Christenson. • The Prosperity Process; Efosa's future book. Links Mentioned in Today's Episode: http://www.apple.com (Efosa Ojomo) https://twitter.com/EfosaOjomo (Efosa Ojomo on Twitter) https://www.christenseninstitute.org/global-prosperity/ (Global Prosperity Research Group at the Clayton Christensen Institute for Disruptive Innovation) https://www.amazon.com/Prosperity-Paradox-Innovation-Nations-Poverty/dp/0062851829 (The Prosperity Paradox) https://www.britannica.com/biography/Mo-Ibrahim (Mo Ibrahim) https://www.hurstpublishers.com/book/gambling-on-development/ (Gambling on Development) https://www.linkedin.com/in/yuen-yuen-ang-35a93920/ (Yuen Yuen Ang) https://www.amazon.com/Why-Nations-Fail-Origins-Prosperity/dp/0307719227 (Why Nations Fail) https://www.amazon.com/Innovators-Dilemma-Revolutionary-Change-Business/dp/0062060244 (The Innovator's Dilemma) https://www.amazon.com/Innovators-Solution-Creating-Sustaining-Successful/dp/1422196577 (The Innovator's Solution) https://www.chartercitiesinstitute.org/ (Charter Cities Institute) https://www.facebook.com/Charter-Cities-Institute-424204888015721/ (Charter Cities Institute on Facebook) https://twitter.com/CCIdotCity (Charter Cities Institute on Twitter)
This week we have a special guest - Dr. Efosa - a Doctor and model. We talk to him about his experience navigating the world of modelling and medicine as a black male.
We have seen many youths looking for euphoria in relationship by all means and by this action, gone wrong. We want to know how relationship should be interesting and how to keep it interesting. We want the youths to know the excellent way of keeping the relationship alive.
We have seen many youths looking for euphoria in relationship by all means and by this action, gone wrong. We want to know how relationship should be interesting and how to keep it interesting. We want the youths to know the excellent way of keeping the relationship alive.
In this episode, Farai and Efosa go through the management of penetrating abdominal trauma, specifically a gunshot wound. This case was provided by Dr Philip Yao, a general surgeon from Singapore.
In this episode Farai and Efosa discuss key points around a case of necrotising fasciitis seen by Farai during his time as an intern.
Today in the tomb I sit down with Oladipo, Efosa and Kevin for part one of the two part season finale. We talk about polyamory, relationships, international politics and more Intro: Folarin Like by Wale Disclaimer: No copyright infringement intended. All rights and credits of music used is reserved to respective owners
Today in the tomb I sit down with my friends Efosa and Oladipo. We talk about their experiences of growing up in a Nigerian household, different parenting styles and how they will raise their own children.
In our latest episode Farai and Efosa discuss a case presented by Professor Ronnie Baticulon a paediatric neurosurgeon from Manila in the Philippines. We hope this episode can pack as many punches as the "Thrilla in Manila" although in an academic sense. Enjoy!
A conversation with Efosa Omoregie, Distribution Analyst with the Amphenol Industrial Products Group. Efosa has been with Amphenol for a few years and now works out of Florida. We talk about his role with the AIPG distribution team and how he's helped to streamline their reporting since he began. We talk about his daunting task of trying to decipher Amphenol's part numbers and how it's gotten easier as time goes on. We talk about his diverse educational background growing up in Nigeria and how his family encouraged him and his siblings to explore their own paths no matter where it took them. And we talk about his desert island album, book, movie. This is The Interface. Hosted by Chris Cappello. Music by Square Seed. For The Interface podcast guest inquiries and suggestions: send an email to ccappello@amphenol-aao.com or LinkedIn message to https://www.linkedin.com/in/cjcappello.
What turns a developing country into a prosperous one? For years, Efosa Ojomo has been trying to answer this question. And what he has found – through starting his own nonprofit in Nigeria, doing research at Harvard Business School and writing a book called The Prosperity Paradox with Clay Christensen – reverses many of our existing ideas around aid. In this talk, Efosa lays out a new approach to fighting poverty that identifies innovation as the key driver of prosperity. But how does one build an innovative business in a developing market? In environments that can be as unfamiliar and unpredictable as they are full of opportunity? Stick around after the talk, where Modupe and Efosa discuss the unique mindset that this type of business requires.
The Prosperity ParadoxSince the mid-1960s, Asia has achieved remarkable economic growth and has seen hundreds of millions of people rise out of poverty. However the fact is, Asia is still some way away from completely eradicating poverty. At the end of 2020, there were still over 500 million people affected by poverty in Asia.Poverty is typically looked at as a lack of resources. So it makes sense that to solve the poverty problem we push resources that a country lacks. For example, if a country lacks sufficient health care, clinics are pushed. If education is the missing resource then schools are pushed. But history suggests that this way of doing things, while well-intentioned, has simply not been successful.But if the problem of poverty can't simply be solved by an injection of passion and resources, then what to do instead?To answer these questions and more, I speak to Efosa Ejoma, Global Prosperity Lead of the Christensen Institute, for his insights.
In this episode, we have the one and only Efosa. For years, in this dance scene in NY, our paths crossed at many venues, but his presence was unique. Seeing the growth of our dance community, especially within ZOUK, Efosa has been a constant figure, even traveling across the states and being well known. Over the years, Efosa has been not only become a versatile dancer, but also a good friend. Within our own conversations, I've learned so much and in this upcoming episode, you all will have the opportunity to learn about Efosa's story and so much more. It's gonna get real!!! SHOW LESSYou can catch this upcoming episode on Facebook, YouTube, Tubachataradio.com, and other streaming platforms. #tubachataradio #livediscussionswithdiamondpodcast --- Send in a voice message: https://anchor.fm/diamond-rivera1/message Support this podcast: https://anchor.fm/diamond-rivera1/support
In this episode, Efosa Ojomo returns to The Disruptive Voice to discuss his latest research at The Christensen Institute’s Global Prosperity group. He and his colleague, Lincoln Wilcox, recently published a report highlighting six innovative strategies for creating new markets in emerging economies. This conversation, hosted by Katie Zandbergen, focuses on the findings from their research, along with the implications for those looking to create prosperity around the globe. Efosa speaks not only about the tremendous opportunities surrounding market-creating innovations, helping would-be entrepreneurs to see prospects for building and sustaining successful enterprises where they might least expect them, but also about demystifying the process, debunking false narratives and empowering entrepreneurs to launch innovative and market-creating ventures in emerging markets.
Dr. Efosa Airuehia, MD is a physician with board certifications in Addiction Medicine, General Psychiatry, Child & Adolescent Psychiatry, and Lifestyle Medicine. He runs AddictionBlueprint.com and works in outpatient addiction treatment promoting wellness and recovery at the Prime Wellness Center. In this episode, Dr. Airuehia discusses how his training brought him all over the world eventually landing him in the United States. By blending his unique background and professional repertoire, he is able to better connect with his patients and provide a wholistic approach when it comes to addiction treatment. Dr. Airuehia goes into detail on his definition of addiction and how much more pervasive this problem is than we realize. He also covers critical issues of addiction during the pandemic, the fundamental steps to begin recovery and the resources available to those who most need it. I hope our talk helps guide you or those you love through the addiction recovery process.Show Notes:Connect with Dr. Efosa Airuehia, MD:Addiction Recovery Website Prime Recovery Instagram Connect with Dr. Jonar, MD: Website InstagramFacebook LinkedinTwitter Related Podcast Episodes You Will Enjoy:016. Self-Discovery through Addiction Recovery with Heather Larican-Rejino015. Your Health Rests on Sleep by Dr. Andrea Matsumura, MD020. What's Missing From Your Health with Dr. Saray Stancic, MD001. The Lives that Saved Mine with Your Host Dr. Jonar de Guzman, MDHOW CAN I SUPPORT THIS PODCAST?Download, Listen, Subscribe, Rate & Review: Glass Half Healthy on Apple Podcast Tell Your Friends & Share Online!Thanks to my intern, the wonderful and smart Amelia Liu, to Jacob Ferrer for their production help, and to StockSounds for the music. And to YOU! Thank you for listening!Disclaimer:This podcast is intended for educational purposes only and isn't medical advice so please talk to your primary physician for that. In addition, the views and opinions expressed by me are my own and not that of my former, current or future employer. This also applies to my guests. Finally, we do our best to make every effort to relay correct information, but don't guarantee its accuracy. Thank you for listening.
Prosperity and sustainable, inclusive growth are the ultimate goals for developing economies. However, despite the global community spending billions each year on economic development programmes, poverty and a lack of opportunity within these countries persists. But what if there is a way in which we can support these economies to evolve from poverty to prosperity in less than two decades? Innovation expert Efosa Ojomo believes focused and impact driven market innovations could do just that. Join us for this conversation with Efosa, co-author of The Prosperity Paradox and Senior Fellow at the Christensen Institute on Disruptive Innovation. Efosa is joined on the panel by Nikunj Jinsi, a hugely experienced venture capital investor in developing countries. The discussion is chaired by CDC's General Counsel and Head of External Relations, Colin Buckley.
Dr. Efosa Airuehia is known by his patients as Dr. Air. He is a quadruple board certified in General Psychiatry, Child and Adolescent Psychiatry, Addiction Medicine and Lifestyle Medicine. Dr. Air acquired his psychiatry training in the West Midlands School of Psychiatry, Birmingham, England. He obtained his membership with the Royal College of Psychiatrists, England. Dr. Air subsequently moved to the United States where he completed his residency training in General Psychiatry and an additional training in Child and Adolescent Psychiatry with the University of Missouri. Dr. Air's training and work experience earned him a good reputation as a professional in the field of psychiatry. As a physician, he uses a holistic evidence-based approach to treatment of various mental health disorders and addictions. Websites: https://www.primepsychiatrymd.com https://www.primewc.com/ https://addictionblueprint.com/ LinkedIn: https://www.linkedin.com/in/efosa-airuehia-md-dabam-dipablm-fapa-4a172a74 ------------------------- Thanks for watching The Funky Brain Podcast with Dennis Berry. Dennis is a Life Coach for Addiction Recovery and Life Mastery. If you are struggling with any type of addiction like alcohol, food, porn, drugs, or shopping, reach out for help. Asking for help is the first step in solving the addiction puzzle. Maybe you're not struggling with an addiction, but you are simply “stuck” in life and don't know how to push through. Dennis is the master in helping people get laser-focused, accomplishing their goals and dreams, and achieving life mastery on every level. Dennis works with people worldwide and currently has clients in England, Australia, and India. Zoom is a beautiful tool for helping people all over the world. If you like what you see, and you'd like to hire Dennis to speak at your next event, he is the best motivational keynote speaker on the planet. He brings a ton of energy, experience, motivation, and inspiration to the table. His fun, witty, unique spin on life, with a touch of humor, will leave you motivated to get out there and improve yourself. Website: https://www.DennisBerry.com Email: contact@dennisberry.com LinkedIn: dennisberry1 Facebook: @LifeCoach.DennisBerry You can buy his best-selling book on Amazon - Funky Wisdom: A Practical Guide to Life
Life in Recovery Podcast is real life stories from everyday people in recovery. Addiction Specialist and Founder of Prime Psychiatry, Dr. Efosa Airuehia, talks with John about his professional expertise in the management of adults with various mental health disorders and addictions, using evidence based practices. Addiction related support links:https://www.alcoholics-anonymous.org.uk https://www.thesurvivorstrust.orghttps://cocaineanonymous.org.ukhttps://www.al-anonuk.org.uk http://ukna.org https://oa.orghttps://www.nar-anon.org https://www.smartrecovery.org.uk https://sugaraddiction.com/lifeinrecoveryhttps://dennisberry.comhttps://budslife.co.ukhttps://www.primepsychiatrymd.comLiR books by author, philosopher and podcast host, Ren Koi: https://www.lifeinrecovery.co.uk/addiction-preventionhttps://www.lifeinrecovery.co.uk/anonymous-godhttps://www.lifeinrecovery.co.uk/togetherhttps://www.lifeinrecovery.co.uk/the-spiritual-maladyhttps://www.lifeinrecovery.co.uk/all-is-one/https://www.lifeinrecovery.co.uk/the-benz/Support the LiR Podcast via Patreon and become a Patron: http://www.patreon.com/lifeinrecoveryTheme music composed and performed by Carl Jenkins with vocals from Melissa Fewtrell-Graham#LifeInRecovery
In the episode, we discuss Efosa's introduction into dance through tango, WCS, and Brazilian Zouk. We talk about intimacy, being black in the social dance scene, white privilege, male privilege, how to support the online dance community during the pandemic, and more! You can find the podcast show notes at http://www.neokizomba.com/podcast/096 Who am I? I am a danceprenuer (instructor, event organizer, DJ, mentor, & podcaster) that primarily works in the kizomba scene. I love nerding out on musicality, self-awareness, creativity, fundamentals, history, and more! I also run an online membership site for kiz tutorials dedicated to helping kiz dancers around the world level up their kiz skills at https://link.neokizomba.com/learntokiz. My links: Join my e-mail list: https://link.neokizomba.com/email Free FB group: https://link.neokizomba.com/fbgroup Get Neokiz Merch! https://link.neokizomba.com/merch Podcast: https://link.neokizomba.com/podcasts Blog: https://link.neokizomba.com/blog YouTube: https://link.neokizomba.com/youtube Instagram: https://link.neokizomba.com/instagram Soundcloud: https://link.neokizomba.com/soundcloud Learntokiz: https://link.neokizomba.com/learntokiz
In this episode we have Efosa Ojomo, Global Prosperity Lead at Clayton Christensen Institute. Efosa is the co-author of "The Prosperity Paradox: How Innovation can lift Nations out of Poverty" alongside the great Clayton Christensen. We covered how focusing on creating prosperity can lift Africa out of poverty and why market-creating innovations are key for the continent by transforming complicated and expensive products into products that are simple and affordable, increasing access to nonconsumers and providing a strong foundation upon which societies generate prosperity. We also discussed the role of the mobile phone in driving the digital revolution happening in Africa and how Fintech innovation should focus on economic inclusion rather than financial inclusion, especially when the majority of the now financially included are not being lifted out of poverty. And we ended on a special note by reflecting on the legacy of the great Clayton Christensen and how it impacted Efosa’s personal journey.
In this episode, we visit the current news around the U.S. election results and share our insight about what happened this time around. Efosa shares his reaction and gives us his take on how we got to this point in our current political climate.Stay tuned for more episodes to come! Check out our scholarship opportunities on our website richmindpodcast.netInstagram: @richmindpodcastTwitter: @richmindp
Hey Friends, Thanks for downloading the podcast! My name is Arlina and I’ll be your host. Before we jump in I have a big announcement to share with you: If you are new to the idea of living an alcohol-free lifestyle or know someone who is, (we’re calling it “Sober Curious” these days) I’m launching a new class called “Sobriety Reset-How to stop drinking for 30 Days” to help you get that first month under your belt. What I want you to know is that you CAN stop drinking - Even through the holidays! You don’t have to have another crappy holiday because you did something you regret on what is supposed to be a special event. The idea behind Sobriety Reset comes from my own torturous experience in my early 20’s when I knew drinking was a problem, but I wasn’t ready for a 12 step program. It’s what I wish I had at the time to save myself the shame and humiliation that comes from drinking too much. At the time, I really didn’t think I was “That Bad” but my life was a mess, romantically, professionally, and even in my friendships, and I just couldn’t figure out how to get a grip on my drinking. I spent 2 painful years suffering through my own research before I finally got what I needed, so my hope is that this course will be a short cut through that process for you and save you from needless heartache and suffering. This is a self-study course with videos, audios, worksheets, and online support, that you can use in the privacy of your own home. It answers big questions like “Am I an alcoholic” and “What will I do for fun” or “How to avoid drinking triggers” and even those embarrassing questions around “Sober Sex”, which is a really big issue. There’s 6 modules in total and some bonus content too. It launches Nov 24th, so head on over to SobrietyReset.com to get notified of when it’s available, and if you do, there will be a special surprise for you! Today my guest is Dr. Efosa Air. He’s got more degrees than a thermometer, and such a passion for helping people out of suffering. I felt so lucky that I got to spend some time with him. He shares some really powerful stories, insights into the mechanics of the brain as it relates to addiction, and many practical solutions to common problems people face early in recovery. He is very accessible and relatable, so don’t be shy! If you would like to connect, you can find him through his website at addictionblueprint.com and Facebook Group. I’ll leave links in the show notes, so head on over to odaatchat.com to get in touch. So with that, please enjoy this episode with Dr. Air!
I had a conversation with Efosa Ojomo of the Clay Christensen Institute. He is the co-author of the book The Prosperity Paradox - along with Karen Dillon and the late Harvard management guru Clayton Christensen. The central argument of the book is that economic development happens when businesses innovate by creating a previously non-existent market. The book has been largely shunned by development scholars and this is where I started my conversation with Efosa. I also go through some other criticisms of the book, and Efosa had interesting answers. The book relies on case studies and might be considered not empirically rigorous by development scholars. Regardless of critics, the argument is powerful and hard to ignore. I read it as changing the overall incentives of all stakeholders in the process of economic development - when bureaucrats, the private sector can all benefit from making the pie bigger, things can move very quickly.TranscriptTL: Hi, and this is Ideas Untrapped. My guest today is Efosa Ojomo. Efosa is a senior research fellow at the Clay Christensen Institute. He has written a book called The Prosperity Paradox. It's a bestseller, and personally, one of the most refreshing books that I have read on the subject in the last couple of years. You're welcome, Efosa.EO: Thank you very much, Tobi. It's a pleasure to be here with you. I can't wait to dive in. Thank you.TL: Okay, so I'll start with the book and the central thesis, which I know as also appeared in your other publications, be it essays and articles. You talked about market-creating innovations as the key to prosperity, to getting the process of development started, to fighting poverty. What is your convincing evidence, so to speak, for this particular paradigm you're advocating? And why is the "Development Establishment", you know, aid agencies and scholars working in that area, why are they missing that point of view?EO: Wow, so that is a great question to start. Unfortunately, it's not a question I can answer with one answer, so let me unpack the question. Because you asked what's the evidence for market-creating innovation? Why do development practitioners approach development and antipoverty programs a certain way? And why haven't they bought into this idea - the notion of market-creating innovation? So let me start with diagnosing the problem. When you want to address any issue you have to make sure you spend a lot of time diagnosing it. Let's go back to the aid industry and when it really began.1949, Harry Truman gave a speech where he actually, unintentionally, I believe, catalyzed the beginning of the modern-day development industry. And in his speech (it was his inaugural address, you know, president of the US at the time), he defined the problem of development as rich versus poor. Developed versus undeveloped. First world versus third world. He didn't use all that language, but that's essentially how he defined it. As, you know, we are developed and we have all these resources, these poor countries are not developed, they don't have these resources, let us transfer resources to them and help them develop.That is the main way the development industry works today. It's this idea that you are not developed, we are developed, we're going to transfer resources to you. So that's number one, right, [on] why the industry operates the way it does. Number two is that the development industry is an industry that attracts certain types of people. And so if you look at big players in the development industry, what you're going to see are people who have gone to school to get typically a PhD or Masters degree in the area of development. And so they study development as a whole as an entire entity and the research they do is often very focused on how one element impact entity.So you might write a PhD thesis on how education of girls in this part of Ghana impacts their ability to go to school. Now, that's an interesting paper and you may find out, oh, if we educate girls, more of them will have fewer kids and they'll get advanced degrees, but that will not lead to the development of Ghana as a country. It answers, oftentimes, what I think is an inconsequential question. And so the development industry has a lot of players trying to do good work, unfortunately, they're answering the wrong or I would say inconsequential questions.The third thing I would say with regard to development and why it's practice the way it is [is], in a weird way, we know what the answer is. The answer to development looks like, right, in our minds, whether it's right or wrong, it looks like America. It looks like Japan. It looks like France and England. In other words, you go to these countries that are wealthy, and generally speaking, things work. The roads are good, the electricity does not go out, the law enforcement, for the most part, works. And so you say, "you know what? The problem in our countries that are not yet developed is all these things don't work. So let us make them work." Let us fix the roads. Let us fix the laws. Let us fix the schools.What these three things I just discussed are missing is the fundamental mechanism that helps these things work. Right, the fundamental mechanism that actually provides the resources or creates the value that really enables these things to work. And that fundamental mechanism is market-creating innovations. Which is connected to the initial question you asked: "what's the evidence that this actually worked?" Again, to answer that, we have to go back in time. We have to say, "if we have this hypothesis that market-creating innovations work, how can we show that? We had to go back to a time when these wealthy countries, the United States, countries in Europe, Japan and so on were not wealthy. We had to go back to when they had demographics that are similar to many poor countries today. And we said, what happened? Did these countries simply build the great infrastructure all of a sudden? The government, were they never corrupt and they just woke up one day and began to institute good laws and practices? Or was it a more dynamic nonlinear process of entrepreneurs across the country creating new markets, employing people, generating tax revenues, enabling the government to overtime improve its institutions? What we found was the latter. It was a more dynamic and nonlinear process.And so that kind of finding is really hard to document at scale and what I mean is, you know, when you pass a law, it's in the record books, we know exactly when this law was passed and so we can look at society before the law and we can look at how society evolves after the law. The problem with innovation is it's really hard to say, okay, this is the date - on November 5th, 2006, this is the date this innovation came and created all this impact. It's a process. And so instead of looking at oh, these were the laws that were passed, this is how society evolved, that's how the institution changed the society. What's more important to do is say "what led to the passage of those laws? Who fought for the passage of those laws? Where did they get the resources to fight for the passage of those laws? Where did the government get the resources to enforce the laws?"And so these questions are a lot more difficult to answer, but when you begin to unpack them, it's hard to divorce development from innovation and more specifically market-creating innovation. My hope is that development practitioners begin to ask the tougher questions and begin to engage in what a wise man, once called "intellectual honesty." And really assess - are our programs working? Are they working the way we want them to work? We've been doing development like this for over the past 20 years, over the past 30 years. How has that resulted in prosperity? COVID-19 has come around and all of a sudden development is pushed back 25 years. Uh, was it really pushed back 25 years or were we celebrating a false sense of progress? Because development is not pushed back 25 years in Japan, it's not pushed back 25 years in France, I can tell you that. And so we have to get to the point where we are asking the difficult questions on how to truly do sustainable development.TL: I want to go to your latest article in Project Syndicate where you challenged African entrepreneurs and business people to rethink the way they do business, and invests more in market-creating innovations. My question is why are they not thinking about this already, what are the barriers if the returns are there given some of the examples and evidence you've cited?EO: Well, first of all, market-creating innovations are innovations that transform complicated and expensive products into products that are simple and affordable. Now, these innovations make these products more accessible to many, many more people in society. And so an example would be the proliferation of mobile phones all across Africa, for instance. Or a company in Ghana called mPharma that is making medication drugs more affordable, more accessible to people. Micro Insurer is another example, making insurance more affordable to people who historically would not be able to afford existing insurance products. So examples abound. Now the question you ask about why if these things are so interesting and exciting, why are they not being pursued?A couple of reasons, the first is there is a sense that innovation is something that happens after a society develops and becomes prosperous [because] it's only people with, you know, disposable income, with extra income that can actually afford many products on the market. So that belief is widespread. And unfortunately, it's really hard to go against a belief. One of the things we're trying to do is say no, no, no, innovation is not something that happens after a society develops, innovation is the process by which society develops. So that's one. The second thing is this concept of non-consumption.Now, non-consumption is a phenomenon that happens in every society, but it's more prevalent in emerging economies or poorer countries. It describes how many people in the society would benefit from gaining access to a product or service, but because of the cost of the product, because of the skill necessary to use the product or the time needed to actually purchase and consume the product, or the simple fact that the product is just not available, many people cannot access these products. It doesn't mean they wouldn't benefit, but there are obstacles or barriers.Now, the non-consumption economy as we like to call it contains all these individuals. The problem is when you do market research on opportunities, a lot of times the insights we get from our market research point to what we call the consumption economy. It points to people who already consuming. And so when you look at the market research for televisions in Nigeria or refrigerators in Ghana, what you are measuring is not all the people who would benefit if they had access to these products or services. What the market research data is measuring is all the people who can afford the services. And so? You say oh, refrigerators in Nigeria, only 2 million people have them, as an example - I actually don't know the number off the top of my head. Only 2 million people, that's a very small market. That doesn't warrant our investment especially when you compare it to a hundred million in the US, there's no market in Nigeria.What market research does not take into account is what about nonconsumption? What about all the people who would benefit from gaining access to these refrigerators? [But] because we don't measure and value nonconsumption, it's hard to even see it as an opportunity. And the last reason I would give, you know, I'd be remiss if I didn't say [is] it's really difficult to go after nonconsumption. It's difficult for the first two reasons I described and it's difficult because you are literally creating a market that does not exist.And so in the research that we've done on just studying market-creating innovators, whether the ones in the US, in Europe, in Africa, in Asia it doesn't matter. Before these innovators create the market, there is widespread disbelief, especially from those who are experts these economies. They tell them there's no way that this market exists. These people are too poor. They're not educated enough, they can't afford these products. And so, to go against the grain when there's no market, the people are poor, the environment is difficult to work in, those are obstacles that are really difficult for entrepreneurs and investors. And so part of our work, what we're trying to do is, say, look, many of these demographics we see, many of these characteristics of these economies are very normal. They're not easy, they're simply incredibly normal. You're not doing what has not been done before. And if we can normalize these difficulties and say if you take a more predictable approach to innovation and investment, we can't guarantee success but we can help mitigate failure. We think you can actually do better in these emerging economies.TL: Do you think that there are conflicts of interest in most of the boardrooms of African businesses? I mean, in that piece you challenged Milton Friedman's opinion of the responsibility of a business in society, which he says is solely to the shareholders or the stakeholders. So, do you think that there's a conflict of interest in most boardrooms, where some of the things that entrepreneurs and some business leaders are interested in, in this case, market-creating innovations, are not things that investors really think can give them returns on their capital?EO: Yeah, so I think there's a lot to unpack in that...because of the abundance of data all over the place, unfortunately, we now live in a world of short-termism. There's more short-term thinking going around. What do I mean? Well, you know, if I'm watching the news and I hear about this company, this investor that made a lot of money on some investments, was able to cash out in a few years, that affects the way I think, it affects the way I measure my own performance. And so this abundance of data has created short-term thinking.In addition, what you also have is a lot of the literature on finance, what constitutes a good investment comes from countries that are already prosperous. They come from countries where I would say they are no longer, generally speaking, in the market creation phase. And so they are more in the efficiency phase. So they have roads, they have institutions, they have organization building companies and the question is often, oh, how do we make this more efficient? How do we make better products? When you use those same metrics to analyze projects and organisations in Africa or other emerging regions, you have a mismatch because the continent is still in a market-creating phase. And so to use private equity metrics that I would use in New York to measure projects in Lagos or Abuja or Accra or Nairobi makes absolutely no sense. Literally no sense. It's akin to using the same metrics to analyze the development of a 3-year-old and a 30-year-old. It makes no sense. And so instead of a conflict of interest, I think I would say it's a mismatch of metrics.If, as the CEO of an African company or the board chair of an African company, I had the goal to grow my market size and capture 60 percent of the customers in Africa. Say, I make baby food or something 'cause you know Africa is a growing continent. Well, I'm not going to measure my performance the same way Gerber babies measures its performance in other countries. I'm going to say look, what did baby food companies go through when the US was a poor country? What did they invest in? How long did it take? How did they manage the relationship with government? How did they manage relationship with the community stakeholders? How did they develop their staff? And I'm going to use those metrics. 'Cause if I use the metrics that these companies today are using, I cannot develop. It's not like it'll take time. No no no, like, we will never develop.Now, you know, there will be some wins here and there, there will be some lucky breaks here and there and that's what we see from time to time. But to truly develop in the circumstance we find ourselves, we need to step away from using metrics that are propagated all over the place and develop a core set of metrics that are contextualized to our own circumstance.TL: Do you think that this framework that you describe - [that is] businesses really innovating their business models to target nonconsumption and grow the pie, so to speak. Do you think it's the absolute fundamental thing that has to happen, 'cause the way I read your book and some of your works is like a chicken and egg problem, right? Like, what has to happen first, you know? Some in the development literature would say that you need institutions, you need good institutions first before you can do some of these things that you say. What is your response to that?EO: I mean, I empathize with those who say we need good institutions, but that is not really a value-add statement. The reason I say that is, okay, we need good institutions, what do we do next? We look at the Nigerian government, at least the federal government...in addition to the lack of managerial and technical capabilities, the government has roughly $200 or so to spend per year per Nigerian. Of that, maybe fifty to $75 goes out the door to service its debt. So roughly $125 to a $150. In addition, when you look at where it's starting, I mean, nobody would look at Nigeria and say we practice good governance, so it's starting from the back of the pack, and so it needs even more resources to get to good governance. When you compare where Nigeria is and what it has, the resources to, again, you know, whether it's Norway, Denmark, America. Norway spends twenty to $30,000 per person per year. And so the idea that, oh, Nigeria needs good institutions, that's like saying a homeless person needs more money. If they had more money, they wouldn't be homeless. That's not a value-add statement.The question is, how do we get to good institutions? How did the US get to good institutions when it was poor? And so if somebody comes up and says - you know what Efosa, Nigeria spends $150 per year per person, here's how they can actually get good institutions and it's a realistic model. Then we can start the conversation. But when, you know, these experts throw out blanket statements oh, we need good institutions... I'm like, okay, what am I gonna do with that? What is the police officer who is demanding brides, making $50 a month going to do with you need to have better institutions? What is that politician who has made a bunch of deals before he or she becomes a senator or a governor and they get into office and they have to square all those they made deals with? They have to figure out how to amass as much wealth as they can because there are little to no economic opportunities in the country, what are they going to do with the "you need good institutions?" There are no incentives. Right? To live out that statement. So we do need to move a lot further from the "we need good institutions" argument because it has not done anybody any good.You know, there's a paper we referenced in the book - how not to fix problems that matter? And ultimately what happens is a majority of institutional reform programs funded by big development players do not work. You know, you come to my country, you tell me, oh, I should behave this way, I should do this, I should make sure this is easier for people and many of the public sector participants on the ground just listen, they take the development dollars, they reformed the institutions in a way that makes the donors happy and they keep doing what they're doing. Because it doesn't cut deep. It doesn't fundamentally change how people think about society. The incentive systems, they don't change. So, do we need good institutions? Absolutely. How do we get there? That's a tougher question.TL: Staying with that thought. Now, isn't there a case for, well, maybe it depends on what we mean when we talk about institutions right? And I know that scholars and even people who work in development are guilty of trying to imagine already formed institutions in developed nations and trying to graft a lot of their features in countries that do not have them. But for businesses to take risks, you know, don't you think that institutions like basic property rights protection, contract enforcement and things that create the environment for you to be able to take risk, however minimally, don't you think those should come before market-creating innovations or targeting non-consumption in the way you describe it?EO: It's a good one. I think the better question to ask has to be more specific. Now, I'm not saying investors should just go and put their money in any country. And there no, at least, limited guarantees, that's not what I mean. I mean, after all, businesses are operating in Nigeria as we speak. I mean you are speaking to me through an Internet service connection. So the idea that somehow institutions don't work and we need better institutions, I mean, it's not too mature. We have to mature that idea. So we have to be specific. We have to say, if you are going to invest in this space, in this country, in this region, you have to ensure the specific fundamental requirements that as best as you can, no investment is ever secure or ever guaranteed... But you have to ensure there are fundamental, sort of legitimate, base-level institutions exist.And I think if we went in with those sorts of questions, not ways Nigeria on the ease of doing business index, how is Nigeria's corruption perception ranking? That's too broad, generic, and that's not helpful to anybody. If the folks who are providing us with this Internet connection went into Nigeria with that thinking they would not have gone in. And so, somehow, that question forces an answer that is not helpful. The question has to be, look, I'm a transportation investor, I wanna go and make transportation more affordable for people in Malawi. Alright, let me look at who the transportation players are. Let me understand that sector. Let me understand who the government players are. Let me understand what the regulations are, how have they changed it over the last five years. How might they change it over the next year?You have to do your homework. And, no offence, many investors are not willing to do the homework. And so of course, you're gonna not find Nigeria attractive when you go in with the oh, don't we need the baseline this and that? No, no, no, no, that's a lazy way to think about investing and more specifically, development. We go in more targeted. And if we do that, again, no guarantees we will be successful but that's a much better problem-solving exercise than oh, yeah, let Nigeria move up some rankings. Let's improve. What does a good institution look like? I mean, like you know, in the broad sense, what does that really even look like?I mean, I think I would be more targeted than looking at Nigeria or, really, any country from a high level, like, how are the institutions? Don't we need this base level?TL: That's a good point, but here is another way to look at this from my perspective. Some of the examples you cite like Mo Ibrahim, Celtel; Tolaram in Nigeria, don't you think that there's a bit of a survivorship bias in some of those examples? Like, for example, if we look at the case of Tolaram, yes, it has done really well. Well, "well" is relative here, so, but it has survived.EO: It has.TL: Yes, and it's become a household name and it may well be a replicable model for investing and doing business in this environment. But you can also argue that over those decades, a lot of businesses have also tried and failed.EO: Yes.TL: And aren't you picking winners? And in that sense, not really robust with your sample set in that sense. Because a lot of entrepreneurs who are trying to do things differently would tell you how hard it is. Some of them are losing money, some of them are losing their skin, some are highly demotivated and these are people that really, really want to do bold and innovative things. But the general, again, institutional environment, and in this case, specific policies that worked against them are serious barriers. So aren't you effectively simply picking winners and just ignoring the other side?EO: It's a good question. I think I would answer, yes, if there was something anomalous about Tolaram in the context it finds itself. And so if I did not see similarities between Tolaram and Isaac Singer, who we wrote about, or Henry Ford who we wrote about, if I did not see similarities in how they had to engage with government, how they had to raise capital, how they had to almost lose their skin (in your language), then I would say, oh, yeah, we're just picking winners. But there's nothing anomalous about what they've done. In fact, I expect winners to look like Tolaram, Mo Ibrahim and several other companies that we talk about.If they don't look like them, then the chances that they will win, at least market-creating, are very very slim. The other way I would respond to that is, I have never once and I will never say this is the easy path. This is incredibly difficult. It's so difficult that I am convinced this is the critical missing piece. It's paradoxical, but that is why we are not developing. Because there is this incredibly difficult thing we have to do, but we believe the only way we can do it is if the environment allows us do it and so we have to fix the environment. Now we believe that so strongly that we are willing to invest billions of dollars to try and fix the environment, with no connection to this mechanism that's gonna make the environment thrive. That's how strongly we believe in educating the public, in institutional reform, in fixing infrastructure whether or not it makes sense.We're trying to do all that and we're paying little attention to empowering entrepreneurs. And so if I, for instance, were Mo Ibrahim, after I sell my Celtel and I become a billionaire, I would say okay, what's the next industry I want to democratize? And I go, and I do the hard work of building that I will not do governance. Nobody is winning the prizes. It's incredibly difficult to do any meaningful reform because the equation, we have the backwards. Development is difficult. There are no easy answers here. What we have to do is ask, what gives us the best chance? Does wishful thinking in light of poorly paid civil servants who have little to no incentive to improve the system give us the best shot at success? Or does figuring out a way to empower and create new markets where some of the revenues from those markets can be pumped into the institution and overtime maybe it gets better. Does that give us a better shot? I think I'm gonna put myself in that camp.The last thing I would say on this is, there's a professor out of [the] University of Michigan. Yuen Yuen Ang who just published a book called China's Gilded Age - The paradox of economic boom and vast corruption.TL: I know her.EO: Yes, and so she talks a little bit more about the public sector side of things. I mean, no two countries are alike or identical, but she does a really good job of explaining how even in light of China's vast corruption, there was an economic development push that prioritized investors, markets and as a result, China, for all its problems, has been able to lift a billion people out of poverty, grow 10 percent over the last four decades, and improve. So, there no easy answers here, it's just we have to pick the camp we think makes the most sense, and I don't think the camp where a monopoly entity with little to no incentive to change, trying to incentivize them to change by giving them more resources and empowering them when the incentive system in society hasn't changed, like, somehow, that makes no sense to me.TL: I like the Ang Yuen Yuen example. It's a great example and I've read both her books, I think what she's doing is fantastic. So here is my question on that. You gave the example of Mo Ibrahim. Now, don't you think that people like Mo Ibrahim - and of course this is not really about him - or people like him who focus on the issue of governance... now we may critique or find some fault in how we've been going about this. But don't you think they focus on the issue of governance because it is through governance, again, I reiterate, that you can get a hundred Mo Ibrahims?Because, Tolaram may have adapted well, it may have really found a way to survive through thick and thin in Nigeria, however difficult others may say it is, by doing its homework and making targeted informed investments like you said. But, in the end, Tolaram doing well may not necessarily raise the GDP per capita of Nigeria.EO: Yeah.TL: Which in terms of poverty and prosperity that is what really matters at the end of the day, income for people. So don't think governance may not be the only way, but it's an easier, faster way for the kind of entrepreneurship that you are advocating to scale, really, really fast, you know. I mean, in America, yeah, Ford had an innovative business model that changed its generation and maybe the way business was done in America after. But also, there was an environment that did not entrench Ford, but that allowed others, Dodge, GM and most of these other companies to emerge and improve on those things and create tons of jobs.So don't you think that governance is vital in a way that it allows businesses that really want to innovate to scale their business model really fast and for other businesses to look at their success and be encouraged to enter that space and do even better things?EO: Absolutely governance is important. We say it in the book. Entrepreneurs ignite the fire, the government fans the flame. You can not have a developed prosperous society without ultimately getting governance involved, it's a matter of sequencing and incentives. Now, I would agree governance is important insofar as we're talking about the same thing. Again, I don't want us to limit our conversation to oh, good institutions are important, you know, that's a non-value-add statement. Governance is important if what we mean by that is working with economic development stakeholders to make sure the incentive systems in society benefit those who work in government. I, right now, can give you not one reason why a poorly paid civil servant who exists in a system that is steeped in corruption to go to work every day, do a great job, do as much as he or she can for the society that already thinks he or she is stealing money, not have enough money for rent, for health care needs, education need and go home because Mo Ibrahim Index says you need to have good institutions. No, No, No. That makes, again, no sense. I would not do that. You would not do that, I don't think.Now if what we mean by governance is vital is, look, let us sit down here and let's do it the way the Chinese did. Let us align your incentives with how much investment dollars are coming into your state. Let us make sure that, you know, yeah, you get paid $100 a month, but if you are able to attract this much investment, if you are able to make sure these entrepreneurs thrive, then you get a 50 percent bonus. You get a 100 percent bonus. You develop the incentives to help the government do the job that we're asking them to do. Because it is a thankless job. It is a terrible job. It is a job where everybody thinks you're stealing money, whether or not you are. And we know this. So the idea that we should just keep measuring, saying, "what's wrong with these guys? Why we need to fix it" without sitting down and saying, how can we realistically fix this so we limit the incentive for government officials to steal? We're going to be spinning our wheels for years to come, right? That is what I think we can do from a governance standpoint. Align incentives, make sure, me as a public servant, I benefit if my society benefits.If my society benefits, and I don't benefit, well, forget about it. It's not going to happen.TL: I agree with you, we need to move away from some of these useless indices, to be honest. So do you think that changing incentives the way you analyzed, do you think that there are some, I don't want to say natural disadvantages or barriers that are specific to certain societies. For example Nigeria, there is oil and the so-called resource curse.EO: Yeah.TL: How do you think that can work with incentive problem? You know, because you have bureaucrats and public servants who have no incentive in the success of the private sector. They can simply sell oil licenses and drilling rights and keep collecting taxes from that same sector and borrow to plug the other fiscal holes and live like that for decades.EO: Yeah. So, that's a tough question, right? And, again, I want to be as practical ask as possible. If you had a trust fund baby, you had a really wealthy person who didn't manage their money well, allowed their kids to do whatever they wanted, the question you're asking is, how can we incentivize this trust fund baby to actually care about self-improvement and development? I mean, that's difficult, right? What I would do is try and find the officials who will be open to a different way of creating value and wealth. I can guarantee you not all 36 governors in Nigeria are extremely corrupt, or at least corrupt at the same level. Not all of them will be uninterested or disinterested in an idea to create a new industry in their region.TL: Certainly not.EO: So it's not to say this is an easy road or, you know, you're just going to find people willy nilly. But you go to the first governor... I'm simplifying because we're on the podcast, right? I know people in government right now, and I can give names of people I trust. People who are trying their best to do well by the community. So the idea that oh, everybody 'cause I think that is what we imply when we say the government has access to oil and you're right, they do. But there are still going to be people in government who we take interesting ideas to and in communicating those ideas, we help them see if this works out, you would have generated this much income for this state. You would have created this much value if you allow this to work out. These many constituents would get jobs. You can talk about this in your next campaign.Now, if you take that message to every governor in Nigeria, maybe they will all say get out of here, I am not buying it. If that happens, then go to Ghana. Go to Cameroon. Go to Rwanda. Go somewhere until you find a country where it will work. Again, I'm not advocating this because I think it's easy. In fact, I'm advocating it precisely because I think it's difficult. But, unfortunately, I do not see another way we can develop. I just do not. And once I do, I will start promoting that because before we started the podcast, you and I discussed the idea of intellectual honesty and I suppose I just do not see how we get out of the rut we're in if we don't start to think differently.TL: One final area I'll like us to explore is culture. I mean, one of the books you cited in the book, which I like very much, is Deirdre McCloskey's Bourgeois Dignity, and she talked about how the social embrace, so to speak, of the culture of Commerce, sort of laid the groundwork for some of the things that happened in the West, you know?EO: Yeah.TL: So what role do you see for culture here? I mean, it's easy to talk about hard metrics and talk about governance and you know, but we know that culture is the software of society. So what role do you see for culture in this?EO: You are absolutely right, culture is key. Culture is the software. But culture runs on hardware. And culture is connected to hard metrics. And so if I use your analogy of software and hardware, there is no software I know that runs on software like every piece of software runs on hardware and depending on the makeup of the hardware, if you have a really fast processor hardware, then your software will run faster if it has the capabilities to. And so culture might seem like software that's malleable, and it is valuable, but it is not malleable without hard metrics.What do I mean? Well, let's think about why we may not value commerce as much as we should or why we value corruption as much as we do. Well, look at the hard metrics. If you're fortunate to get into a position of power in many of our countries, there are hard metrics in your life that increase - your access to the elites in society, certainly your bank account, your homes, your car, your children access to better education. Those are hard metrics. So the idea that somehow our culture values that practice makes complete sense. The idea that we value entrepreneurship and innovation in the US is connected to hard metrics as well, right? Look at the richest people here. It's all these innovators.So for me, the two are sort of one and the same. What we know is that you can't change the software if it has no bearing on the hardware, if you don't change the hardware. In other words, if we don't figure out how to increase or improve those hard metrics, it's gonna be very difficult for us to change the software, sustainably. We might for a little while, right, we might for a political term or two. But what we're talking about here is long term development, decades-long. And if we don't figure out how to help people in society make progress in a way that they lead better lives, their kids lead better lives, they have access to better healthcare and so on... Unfortunately, the software is not going to change, the culture is not gonna change. And so I do think we can connect the two better.TL: One final questions before I let you go, which is also a tradition on the podcast is, what is the one big idea right now that... it may be something you're working on or something you'll like to see. So what's that one big idea that you're thinking about right now that you will like to see spread and see the world adopt and see people believe more?EO: Yeah, so I think for me, in the context of my work, it is this - innovation and entrepreneurship are not things that happen after a society fixes itself. They are actually the process by which society fixes itself. If more people can believe that then we can begin to talk about the “how”. We can begin to say okay, Efosa I get that, but this is my circumstance, this is my context. How can that hold true in my circumstance? There are things like political innovation. When I talk about incentivising the government, that is an innovation. When I talk about entrepreneurs figuring out how to manage the governance issue, that's part of their innovation. So, I think, for me, it would be innovation is something that happens not after society fixes itself, but it's the process by which society fixes itself.TL: We'll do our best to help that idea spread.EO: Thank you.TL: Thank you so much. My guest today has been the author and prosperity researcher, Efosa Ejomo. Thank you very much for being with us, Efosa.EO: Absolutely, it's my pleasure. Thank you. This is a public episode. Get access to private episodes at www.ideasuntrapped.com/subscribe
On our final episode, we interviewed two amazing Engineers! These guys really shared a lot of information on their individual journeys; how they came here, why, and how the experience has been for them as well.All the way from Florida to New York to Pennsylvania to Atlanta, these guys have had quite the journey.We thoroughly enjoyed this conversation and hope you do too!.Thank you all for an amazing first season!!As always SUBSCRIBE SUBSCRIBE SUBSCRIBE! Leave us a REVIEW!Follow us on:Instagram - @ThelsdistrictTwitter - @lsdistrictFacebook - TheLSDistrictFollow the #thelsdistrict on all platforms.Send us any questions or feedback to TheLSDistrict@gmail.com
Learn why the old adage ‘think positive thoughts’ might not always be the best approach when you want to work on your mindset. We sat down with the wise soul Efosa Guobadia, physical therapist and mindset coach, to learn the process for improving your mindset. Episode Recap: Interview with Efosa - 2:46s, “You Want Me To Do What??” section - 55:38s Highlights: Habit change is a big part of physical therapy rehabilitation, which is how Efosa started to hone his skills in mindset Your thoughts affects your words, which affect your actions - starting with how you think is the way to changing or evolving how you show up in life Efosa recommends three things to begin having an impact on how your mindset - 1) start with your why - drive to clarity around what your purpose is in life, and start this work by thinking about the five greatest moments of your life, and what drove that feeling 2) work on believing achieving that purpose is possible and 3) establish a daily routine that will allow you to consistently create space to check in with yourself While Shanna agrees that ‘start with your why’ is important, she thinks believing it’s possible is the harder part, and shouldn’t be ignored Resources: Where to Find Efosa: IG: @efosaguobadia, @ffitthealth Email: efosa@ffitthealth.global Mindset Services: https://ffitthealth.janeapp.com/locations/mindset-services/book Move Together: https://www.movetogether.org/ “Start with Why” TED Talk by Simon Sinek - https://www.youtube.com/watch?v=u4ZoJKF_VuA
Ben & Jay are delighted to welcome back two researchers and thought leaders from the Christensen Institute, Efosa Ojomo and Rich Alton, to discuss their recent paper “Avoiding The Prosperity Paradox: How to build economic resilience in a post-COVID world.” This paper is a follow-up to the 2019 book Efosa co-authored with Dr. Clayton Christensen and Karen Dillon, The Prosperity Paradox: How Innovation Can Lift Nations Out of Poverty. It serves as a playbook, bringing this big idea of market-creating innovation to an actionable level.This episode covers questions such as:How do you build economic resiliency in a country so that it can deal with unexpected shocks like a global pandemic?How do you size a market that isn't there?How do you spot the market that isn't there?We also discuss how the lessons of The Prosperity Paradox can be applied in the United States, where despite being the most affluent country in the world, has significant economic disparities and development needs.Everyone's home in the Twitterverse:The Christensen InstituteGlobal CCIEfosa OjomoRich AltonBen TingeyJay GerhartA Sherpa's Guide to InnovationHealth Podcast NetworkSupport the show (https://healthpodcastnetwork.com/)
On this episode hosted by Justin Ijeh and Bola Lawal, we spend time chatting with a special guest; Efosa Ojomo of the Clayton Christensen Institute in Boston. Efosa coauthored the best selling book;The Prosperity Paradox,with Prof Clayton Christensen, Who sadly passed not long after the work was published. The talk revolves around the central theme of Efosa’s work : Identifying non consumption opportunities & market creating innovations.
This week on The Disruptive Voice, we're delighted to introduce you to Euvin Naidoo and Efosa Ojomo, who join us for a conversation about innovation, prosperity, and development in Africa. Originally from KwaDukuza, South Africa, Euvin is a Senior Lecturer at Harvard Business School, where he studies risk management, performance controls, governance, and agile execution. In doing so, he regularly draws on his work in leading banking and financial institutions in Africa, including McKinsey, Standard Bank, and BCG. He is joined by Efosa Ojomo, Global Prosperity Lead and Senior Research Fellow at the Christensen Institute. A 2015 HBS MBA who took BSSE with Clayton Christensen, Efosa also worked with Clay and Karen Dillon on what would be Clay's last book: The Prosperity Paradox. Euvin and Efosa are hosted by Erin Wetzel, Clay's Faculty Support Specialist at Harvard Business School, and together they reflect on the impact of Clay's thinking, how it applies in a pan-African context, and the importance of market-creating innovations.
Is Coronavirus In Nigeria a scam? Is the lockdown In Nigeria working? Even if we do another lockdown In Nigeria, will things change? Will there be palliatives? Should the government Of Nigeria ask people on twitter if there should be a fresh lockdown?
In this episode Nicholas , Farai and Efosa discuss the type of individual best suited to run a hospital and their reasons why.
In episode 2 of this season, we introduce our newest member of the 15 Minute Medicine team - Dr Nick Mutanda-Musoke. He and Efosa engage in an enlightening episode on Big Pharma with some help from a special guest.
Due to the uncompromising and deadly coronavirus trend all over the world, we sent our investigative journalist Mr Obaseki Irorere to reach out to some public offices and private homes. The audio contains the outcome of the visit. Mr Efosa Irorere was seriously cross checked and sanitised before he succeeded entering the hotel premises , due to our reporter, it was stated that coronavirus precaution taken by the hotel managements and staffs is one of it's kind in the state, adding to his revert , he also talked about the security and healthy environment that will guarantee a healthy visit during anyone's stay in the hotel as the Ceo Mr Ozigbo instructed.
Harvard Business School Professor Clayton M. Christensen died on January 23, 2020, and he left a remarkable legacy. He was a monumental figure in both the business and academic worlds, as well as in the Latter-day Saint community. He was the father of five children and author of at least eleven books. But to those who knew him, Clay wasn’t just a thought leader or a world-renowned professor or an influential Church member — he was a mentor, confidant, and friend unlike any other.In this episode, we spoke with Efosa Ojomo, Kyle Welch, and Barbara Morgan Gardner to share thoughts and memories of Clay.Efosa first met Clay during his time as an MBA student at Harvard. Along with Karen Dillon, Fos was the co-author of Clay’s final published book, The Prosperity Paradox. Next, we talked to Kyle Welch, a Professor in the business school at George Washington University. Kyle became close with Clay well during his time at Harvard as a doctoral student from 2009 to 2014. Our final interview is with Barbara Morgan Gardner, a Professor at Brigham Young University, and author of the book The Priesthood Power of Women. She got to know Clay when she did post-doctoral work at Harvard and as she served as an Institute Director in Boston.00:57 How Efosa met Clay11:42 How did Clay share his faith?22:25 How Kyle met Clay30:36 Kyle’s favorite stories from Clay34:30 How Barbara met Clay42:47 Clay’s lasting impact
Providing the best care possible through highly trained providers For the show notes, full transcript, links, and resources please visit us at show link: https://bit.ly/2LeLjEV
How do nations lift themselves out of poverty? How can entrepreneurs creating lasting impact? What's the difference between a market innovation and a product innovation? Is China REALLY a planned economy? And Capitalism--is it broken?Today, Chris sits down with Efosa Ojomo, co-author of the book "The Prosperity Paradox: How Innovation Can Lift Nations Out of Poverty." They discuss the difference between consumption and non-consumption markets, how innovating in the latter can change entire countries, how we need to start re-thinking global economic development, and why it's time for a new lens with which to view China, the World Bank, the IMF, and basically everything else. Chris also points out that capitalism isn't doing so well in the United States and we should probably do something about that. Read The Prosperity ParadoxFollow Efosa on TwitterRead more of Efosa's writing on MediumAdditional stuff:Book: "The White Man's Burden" by William EasterlyFrom Axios, Article: "Too Much Money (and too few places to put it)"Check us out!Facebook: MondaypodLinkedIn: MondaypodTwitter: @Mondaypod1IG: @Mondaypod
LIVE from the WCPT Conference in Geneva, Switzerland, I welcome Efosa Guobadia on the show to discuss entrepreneurship in physical therapy. Efosa L. Guobadia, PT, DPT, is the founder of the integrated wellness company FFITT Health; President and CEO of Move Together, a 501(c)3 for purpose organization dedicated to improving access to quality rehab medicine around the corner and around the world; Co-Founder of the initiative Global PT Day of Service, which has spanned 60 countries since its inception; Founder of the informational website PT Haven; and also developed and led the international volunteer program ATI MissionWorks for ATI Physical Therapy. In this episode, we discuss: -Efosa’s entrepreneurship in underserved communities -How to approach roadblocks and tackle them head on -Three qualities of inspiring leaders in the entrepreneurial space -Exciting ways you can get involved with service through PT Day of Service -And so much more! Resources: Move Together Website @efosaguobadia @ptdayofservice @ffitthealth Move Together Instagram PT Day of Service Website PT Haven Website efosa@movetogether.org For more information on Efosa: Efosa L. Guobadia, PT, DPT, is the founder of the integrated wellness company FFITT Health; President and CEO of Move Together, a 501(c)3 for purpose organization dedicated to improving access to quality rehab medicine around the corner and around the world; Co-Founder of the initiative Global PT Day of Service, which has spanned 60 countries since its inception; Founder of the informational website PT Haven; and also developed and led the international volunteer program ATI MissionWorks for ATI Physical Therapy. In 2017, he contributed a chapter on sustainability as well as the closing afterword for the book ‘Why Global Health Matters”, edited by Dr. Chris E. Stout, and with a foreword by Nobel Laureate Jody Williams. He received his BS in Kinesiology from the University of Massachusetts in 2007 and his Doctorate of Physical Therapy from the University of Scranton in 2010. He is recipient of the 2017 Distinguished Young Alumni Award given by the University of Massachusetts/Amherst School of Public Health and Health Sciences and is a 2018 American Physical Therapy Association Social Impact Award Recipient. He is currently based out of Guatemala City, Guatemala. Read the full transcript below: Karen Litzy: 00:00 Hey everybody, I'm coming to you live from the WCPT conference in Geneva, Switzerland. And I have the distinct pleasure of sitting next to Dr Efosa Guobadia who is a physical therapist from the United States now based in Guatemala. And he has also the cofounder of PT Day of service and move together, which we will talk about during this interview. But first, what I'd really love to talk about Efosa is you were on a panel today about entrepreneurship and physio therapy. So can you give us the highlights? Efosa Guobadia: 00:34 Yes. Well, Karen Litzy is such a high pleasure to share time with you. The only time I get a chance to hang out with you, you put a smile on my face. I love the energy and all that. So yes, the panel is about entrepreneurship. So one of the things that I certainly talk about, I said entrepreneurship is a mindset, you know, it's about bringing the vision and the vision of your heart and the idea in your mind into actuation, you know? And with that being said what I also said, I think everybody has, it has the potentiality and the capacity to be entrepreneurial or you sometimes talk about product market fit or passion market fit and where does your passion, your idea slash your product meet the market. You know, and I think that's also very important. A friend of mine recently we're having a concept about what's an entrepreneur? He says an entrepreneur is the intersection of your idea, fundamental value and the wants, desires, desires and the understanding of the client and consumer. And that sweet spot is so important. If it's just about your ideas, you may be a starving artist, you know, but if it's a too much about the client, you know, you may be selling out a little bit. So find that great amalgam and that sweet spot and I think that's very important. Karen Litzy: 01:37 Yeah. Thank you for bringing that up. I think that's great. I usually tell people when they're like, not sure if this idea can actually turn into a business. And I'll always tell people like, make a list. Like, what are you good at? What are you really passionate about? And what would someone be willing to pay you for? And if you can find that sweet spot, and again, it's like you just said, it's your passion where it intersects with what the consumer needs or what the consumer doesn't know they need yet. And that's where entrepreneurism really comes into, I think, a great place for the person. So let's talk about what you're doing as an entrepreneur. Efosa Guobadia: 02:16 I love that so much. And I agree. To piggyback on what you just said, Karen, it's about fundamental value. And I think this is true in any industry. So whatever this thing, this fundamental value, your product service, after a person comes into contact with it, are they better off? And then well, we can talk about marketing or this or that, but that should be the first thing that you curate. So that's very foundational. I'm living a pretty interesting existence right now Karen Litzy so this past November in 2018, I actually decided to move to Guatemala and now I'm doing two different things. So I feel a part of my bandwidth is for the global health sector. You know co founding, you know I lead the organization move together and our mission there is to increase access to quality rehab medicine around the corner and around the world. Efosa Guobadia: 02:56 I've been going to Guatemala now for the last seven years I've been doing this global health work for the last seven years. I moved together under that umbrella. We've been doing some pretty interesting work there for the last three years of amazing partners on the ground and amazing participants and volunteers that have joined us from the US and other places around the world. We help to build the development of rehab clinics in underserved communities. And the keyword there, this is the keystone where there's the operization, the local PTs and students on the ground. They run these clinics that we co set up throughout the year and on the ideas that it thrives uder them and we are glad to say it has been so. And then we have other programs under them, the nonprofit move together, PT day of service, which you mentioned, we have a program called that pro bono incubator and that's US based in which we dispense funds to pro bono projects in clinics in the US over the last two years we just spent $20,000 to a 11 different projects and a mentorship and resource to many more than that as well. Efosa Guobadia: 03:53 So that's been pretty fun. So that's one part of my existence. The other part of my existence is entrepreneurial. This past I officially opened this March, but I did some ramp up work to it this past march. I opened up a clinic in Guatemala City and it looks at three verticals. It looks at mobility, which is Rehab. And I do some movement analysis with the movement three d camera. We do look at nutrition. I'm hiring some nutritionists to look at because nutrition is important for a few reasons, right? For pain. It's relationship with inflammation and with energy and a certainly with weight management, weight management is predicated on nutrition. I think above all cardio and then lean muscle mass. So it's looking at it through that portal has been important. And the third vertical has been mindset that, you know, a routine and breathing and sleeping and all that good stuff. So creating a team that helps me do those things in an ecosystem systematic way has been fun. You know, the early part of it has been mobility and people have been responding so very well to it in Guatemala. They're telling me now I can't leave, but you know, some of my clients and it's been fun. Karen Litzy: 04:56 Awesome. And now, you know, your version of entrepreneurship is let's say different than maybe some traditional entrepreneurship where you're setting up shop in a very developed country and it's certainly different than what I do as an entrepreneur. I think from a practical standpoint, different, but I think from a fundamental standpoint and where our mindsets are and what we're trying to do for our clientele, it's pretty similar. Would you agree? Efosa Guobadia: 05:23 A hundred percent fundamental value around the world. Its fundamental value in each industry needs to know their fundamental value. Let's say for us, our fundamental values as healers is help people move better so they can live better. That exists and is needed anywhere in the world. So again, know fundamental value, build the architecture and fit it to the market into the behavior and the knowledge and the awareness of your customers or customers to be and that's how you make it make sense wherever you go. Karen Litzy: 05:47 And for maybe listeners out there who would like to replicate what you're doing in an underserved area or in an underserved country, what were some of the biggest roadblocks you experienced in the beginning that you would like to advise people on? Maybe how to avoid or at least how to minimize? Efosa Guobadia: 06:07 Oh, interesting. I think it's so important to identify roadblocks and barriers. I sometimes say this with my clients now you need to know the dragon and sort of delineate the dragon so you could slay it. You know, so it's the transcend another general thought. Anytime Challenging things happen. I cheer this in the panel as well. It's information, you know, it's that when a situation happens, good or maybe not good to the way you want it to happen, it's situation. What's good about situations, it leads to solutions. So once you figure out how to handle something, now you have this tool of this extra solution. Now you can play defense and prevent that from happening again. Or if it does happen, you can handle a quicker, and actually turn it into a good, et Cetera, et cetera. So that mindset, that paradigm shift, the mindset. Efosa Guobadia: 06:50 If you're an entrepreneur of how do you engage with things that don't necessarily happen the way that you want to have it on the, for me and some of my experiences, every country has its own things. And one thing is you go through the legal process is setting up your business. What I just had to learn is a little bit different from the US so tagging in this is a truth for all entrepreneurs and all projects, you know, identify and tag and the right people who could best help you with what you need to do. And then that saves time and that maximize your efficiency as well as your effectiveness. Karen Litzy: 07:18 Yeah. So when you kind of hit those roadblocks, I love the way of reframing it as not a, Oh my gosh, I'm so stupid. Or how did I not see this coming? Oh great, now I'm sunk and I'm going to go sulk into a corner. But instead you're saying to reframe it as, well, here's this roadblock, but guess what? Now we have a system in place to avoid this from happening again. So being very intentional about how you're thinking of roadblocks or I don't want to say failures or things like that in your business, but being intentional so it doesn't happen again, and then you can go out and help others do the same. Efosa Guobadia: 07:54 You said that perfectly. Nothing to add to that. Karen Litzy: 07:55 Okay. All right. So let's talk a little bit more about entrepreneurship, specifically leadership. So if you're an entrepreneur, you're a leader, right? You're either leading yourself, you're leading others. So what do you feel like are qualities of, let's say leadership within the entrepreneurial space? Efosa Guobadia: 08:15 Yeah, I can say a few of both. They overlap and they're interrelated like you're saying. But on the leadership front, I think, there's three things that are important. You know, maybe I'll break it down to three C’s. So one C is courage, the second c is compassion, and the third C is credibility. So I'm gonna explain what I mean by those. But first of all, with those three things, you start with yourself. You need to serve yourself. You need to lead yourself first, before you can think about leading people. So on the coverage piece that then set on your heart or the things that you believe in, do you pursue them or do you stand up for them? And the micro moments and the macro moments. And it's like a muscle you have to cultivate and you’ve got to work it out. You know? Efosa Guobadia: 08:51 So expressing when things are more macro and big and where things are really intense. You've had this muscle, I'm going to be strong, I'm going to be courageous. I'm going to be dictated and guided by what I see is right and righteous. So courage is important. The other part is credibility. Again, starting with yourself. Do you do the things that you set that you intend to do we get the to do list. Have you written out 20 things consistently for the last month. I've only got three things done. You're telling your conscious and your subconscious, you can't trust what you write down. So start there. Create credibility and trust with yourself and then it’s metaphysical it transmits to your team, you know, you can't really have credibility with others without having credibility with yourself. And then caring and compassion. You know, one of the most important words in my life, caring, you know, caring about yourself, being compassionate about yourself. Efosa Guobadia: 09:33 To be able to do that with your team. You need to be able to do it yourself. There's one politician and I heard say it as a couple of years ago, the best thing a leader could do for his team, his or her team is to care about them. You know how you do that by actually caring about them, you know, so actually care about yourself to take care by yourself, actually care about your team, to care about your team, on the entrepreneurial realm. A lot overlaps with say consider our focus decision making capabilities. And I will also say reasoning, you know, able to multidimensional think a lot of entrepreneurism is problem solving and thinking ahead and thinking what's coming down the pike. So that's the critical reason. A lot of the decision making, whether you've got to make quick decisions or deep decisions. Efosa Guobadia: 10:14 What's your prototype, what’s your paradigm, how do you handle that? How do you stay calm under pressure? Maybe that goes to a curse a little bit. And then in focus, you read all the greats, you know, whether it was old school philosophy or current CEO's, one of the most important things that they talk about is the ability to focus on your task at hand and to chop wood on your task at hand as their old quote. I forget who said it now, the way you do anything is the way you do everything. So for me to close on this, I enjoy doing dishes. I don't do it that much, but when I do dishes, I'm locked in. I've tried to clean it as best as I can and I know that it's going to transmit to my clinical treating and my leadership or building your footing. So those would be some thoughts there. Karen Litzy: 10:56 Yeah. And I loved the compassion I had a woman on a couple of weeks ago who talked about having compassion for yourself and forgiveness for yourself and how can you even make a decision if you can't even give yourself compassion? So, those qualities of leadership, courage, caring and compassion, and credibility. Yeah. So if you can't give that to yourself, then how can you give it to your business and be a successful entrepreneur? And courage by the way, this year was my word of the year on my vision board. So when you said that, I perked up and said, oh, courage. Yes. So that's something that I'm working with and I've been in business for a while. So I think another thing for everyone out there who's an entrepreneur or wants to be an entrepreneur is it's not like, oh, I have courage one day and then that's it. It is for ever, you are forever working on it. At least that's my view. Efosa Guobadia: 11:56 I agree. Excuse me. I agree. It's a muscle and it's not this goal to achieve and that you're good at. It's an attention and intention really has to do a behavior and courage and you’ve got to be smiling in this world. It's so much about courage is a call to adventure. What is it in your heart, what do you feel pulled to and are you willing to answer that call and say, heed that call. Even if it's a small step, even if it's a big step, even as a small step that leads a big step. If you do, if you heed the call, if you go for it, if you stand up for the things that you believe in, you will live a life in full. You know? And it’ss be a certainly an interesting one. Karen Litzy: 12:32 Wonderful. I have nothing to add to that. Now before we went live you were talking about how it's such an exciting time in physical therapy and we're here at WCPT with 4,500 people from around the world. And I have to say it is exciting. So what is your version of now is an exciting time for physical therapy? Efosa Guobadia: 12:51 It's a combination of things. You know, there's so many exciting and interesting people doing exciting and interesting things you with your cash based practice you with this podcast. So many other people. The prehab guys, you know, I don't even know those guys, but I admire them from Afar, how they're growing, how they're fitting something in the market, how they're influencing and inspiring clinicians and clients have like so many others. So many exciting people doing exciting things. So that's one variable too with technology. You know, technology is allowing us to do a multiplication of things that we couldn't do six months ago, 12 months ago, and then certainly two, three, four, five years ago. So understanding where the tech is now or where the tech might go, it's a variable that leads to a multiplication. And then the consumer that, you know, they're more intentional with where they spend their time or where they spend their dollars, how they engage with health and health care and all that good stuff. Efosa Guobadia: 13:39 So they're becoming more of a partner. That's how I treat my clients and my consumer, my patients as a collaborator in the journey. So you play with those different variables of technology ideas of different people, a consumer that's wanting to be healthier and then wanting to be fit. And intentional in that healthiness in that fitness, we're at this place really where anything is possible and everything can change. And I think in the next 10 years Karen the next 10 years, we're going to see an evolution slash revolution of efforts and actuations within our profession. And certainly the other step is how we collaborate with other verticals and other industries and other professions as well because not just about what we could do alone by what we could do is by what we could do together. Karen Litzy: 14:21 And on that, that is just the perfect segway because the next thing I want to talk about is move together and PT day of service. So let's give a plug to both of these, well move together, the parent organization of PT day of service. So let's talk about that a little bit so that the listeners know what the heck you're doing. Efosa Guobadia: 14:42 Yeah, sounds good. So move together is a 501©3 that I cofounded in 2016. And the way we define mission is that we measure everything that we do and say by. So the mission for the organization is to increase access to quality rehab medicine around the corner around the world and access being the keystone word and the keystone structure cause with access that we've seen in some of the places that we've been to, the place doesn't exist for people to go to or the place does exist. They don't have the means to go there of it does exist. They have the means that placement, I have the things that that community member that community needs. So it was a multidimensional challenge, so it needs a multidimensional approach. So that's been pretty exciting. Efosa Guobadia: 15:18 I smell inside and out every time I think about our vision first. But the way we defined vision, vision is Simon Sinek talks about this a lot. Do you need to be able to see it? You know, that's why we call it a vision. And then when I think about it, I think about it as a guiding light or the northern star that's shining the way forward. I also think about it as the horizon. There's always going to be necessary distance between your horizon. That's the definition of horizon and so it becomes this pursuit and then you're pursuing the doing of good and doing and what your vision is, which I'll share in a moment, but also how you enjoy the journey. You're able to turn around and look at the shore, see how far along you've gone and also set up beacons and objectives along the way to measure your progress. Efosa Guobadia: 15:58 Our vision for the organization is a clinic in every community and a sense of community in every clinic, a clinic in every community speaks to the horizontality of where we want to go, the geographical breadth of where I want to go. Community in every clinic speaks of punctuating depth and the verticality of what we do and the places that we do go. So a clinic in every community and community in every clinic. And that really drives what we do. We have three pillars in our organization, one that looks at increasing the quality and quantity of clinics. We do that. We have a program, PBI in the US and other clinic development program around the world or work with municipalities and mayors. And, and our community leaders to build development operationalized clinics. We have a second pillar called empower local clinicians. You know, not just a going and leaving going and leaving something behind and power and local capacity. Efosa Guobadia: 16:42 Mike Landry talks about that term about local capacity. So most of our projects abroad we usually teach, you know, and learn and do labs things of that nature and we partner with other kinds of organizations to start doing it more in an architectural way for sustainable change. And then the third pillar, which ties into PT day of service is catalyzing servant leadership. What we've seen about our profession, certainly beyond our profession, PTs and PTAs and students, they like to serve we are a profession of heart and compassion. You know, so many people have been doing so many good things already, but for many people they don't know where to start, you know, so how can we create this junction of Bi directionality where people can be fulfilled while fulfilling other's? We see path for academic leadership and association leadership and corporate leadership and those are great. Efosa Guobadia: 17:25 It was very important for us as an organisation. Josh and I, we talk about this a good amount is creating a path for servant leadership. You know, so we have two programs right now in that pillar program. We're very excited about anybody listening that is interested in our mission and vision. This would be a good portal to join, call the catalyst club and it’s all family for the organization. It's a critical mass to volunteer team that's going to help us fulfill the vision and pursue the vision. And then of course we have PT Day of service. Just an amazing program, really driven by amazing, amazing team which Karen, we love you so much for being on our team since really the beginning and then amazing people around the world participate in a PT day of service when we challenged students, clinicians to do an act of service on the same day and around the world. Efosa Guobadia: 18:07 Year one we had 28 countries participate. Year two we had 42 countries participate. Year three we had 55 in year four we have 56 give or take, we're in year five which the big year for us and we're very excited and we’re looking to grow not just for the sake of numbers but to grow in the sake of service and showing that service can grow at the end of the day. What that program is about PT Day of service. It's about local service for a global effect and a global impact in your backyard in multiple places. Karen Litzy: 18:35 Yeah. So this year it's October 13th and if you want more information you can go to PTDayofservice.com or move together.org Karen Litzy: 19:01 And we'll have all of the links to everything, under this podcast at podcast.Healthywealthysmart.com. So one link can take you everywhere. So Efosa before we finish, I have one last question. I cannot wait to hear your answer. I'm like super psyched about this as a question I ask everyone and it's knowing where you are now in your life and your career, what advice would you give to yourself as a new Grad fresh out of the University of Scranton, right? Efosa Guobadia: 19:27 So were you saying I'm having a conversation with a 24 year old, Efosa that guy was interesting. I wish I could have a conversation with that guy. So what I will say, I'm actually gonna say, he's gonna be interesting. So are you asking me to look back and what advice I would give that person will be to actually look ahead. So there's an exercise that I do sometimes called futuristic retrospection. I came with this term several years ago. And what the exercise you actually do is visualize yourself as an older person and this is similar to other activities but futuristic retrospection, it goes to visualize yourself as an older person. So 24 year old me is talking to 90 year old me, maybe I'm hanging out in pajamas, you know, and a cat is just doing whatever I'm doing. Efosa Guobadia: 20:10 And in that conversation I would tell my 24 year old self do this. In that conversation, ask your older version of yourself, what do you wish you did? What do you wish you did at 24, 25, as soon as you graduated, what do you wish you did? Where do you wish you were at? Who do you wish you where? et Cetera, et cetera. And then, certainly you have to extrapolate what you think that answer might be. And then whatever that answer is, you've got to let it guide you. You know, there's an article I read at slate a couple of years ago that said, when we think about an older version of ourselves, the same part of our brain lights up as if we're thinking about a stranger, at least in the Western world, right? When we think about an older version of ourself, the same part of our brain lights up as we're thinking about a stranger. Efosa Guobadia: 20:47 So this exercise allows you to get feedback and thoughts from your subconscious. The person who really knows you the best, and it's pretty powerful. Jeff Bezos, he utilizes something similar called the regret minimization framework. You know, think about an older version of yourself and what then do you think you regret not doing, you know, and then to make sure you do that. And then the other thing at least the character Togo has this quote, we're presented with insurmountable opportunities. So there's a never ended amount of opportunities in the world, you know. So with that being said, it becomes about being essential with your time. You know, people going to ask you to do things, you know, which is good, which is fun. And the better you are at things hopefully the more that you’re going to get asked. The honor is the ask, you don't have to say yes sir. So be essential about what you're doing so there’s this balance of knowing your measures, knowing your markers. Know you're vision and let that guy that didn't create or the things you accept and you multiply that by being adventurous as well. You know, trying things, finding that sweet spot will allow you to maximize yourself. Your time. 24 year old, they feel similar. Karen Litzy: 21:54 Wonderful Advice. Thank you so much. Where can people find you if they want to ask you questions or find out more about you? Where are you on social media and all that kind of fun stuff? Efosa Guobadia: 22:03 All my handles on social media or my first name followed by my last name, @EfosaGuobadia. I do a lot of mentorship talks with folks that are certainly a lot of folks, new professional folks, students and all that good stuff. I take much joy in that and is very conversational. A lot of the answers are within you and I guide you to some thoughts. So somebody is interested in that, shoot me an email and we'll find a time in the schedules, they can shoot me an email address. That's my first name, efosa@movetogether.org and you know, so whether it's email or whether we do a 30 or 45 minute talk, that's one of the ways I enjoy serving. So, be intentional reaching out cause I mean that. Karen Litzy: 22:46 Well, and for all those of you listening, take advantage of that because to have Efosa mentor you or just talk to you about anything, you will walk away knowing more and feeling I don't know better about yourself somehow. I don't know how that's even possible, but that's the sense that you get after speaking with him, you're going to walk away with value. So take advantage of that. So folks, so thanks so much for coming on and taking time out of WCPT. Efosa Guobadia: 23:15 Karen, thanks so much. I think this may be the third time between Josh and I are hanging out with you, we have so much love for you, I thank you so awesome. Thank you for this, another way for you to serve this information. Karen Litzy: 23:26 Thank you. And everyone, thanks so much for listening. Have a great couple of days and stay healthy, wealthy, and smart. Thanks for listening and subscribing to the podcast! Make sure to connect with me on twitter, instagram and facebook to stay updated on all of the latest! Show your support for the show by leaving a rating and review on iTunes!
Idea to Value - Creativity and Innovation with Nick Skillicorn
In today's episode of the Idea to Value Podcast, we speak with Efosa Ojomo, co-author of the new book The Prosperity Paradox: How Innovation Can Lift Nations Out of Poverty, along with Professor Clayton Christensen and Karen Dillon. Check out the full episode at https://www.ideatovalue.com/podc/nickskillicorn/2019/03/podcast-s2e33-efosa-ojomo-how-to-fix-the-prosperity-paradox/ We speak about why charity isn't the most effective way to help countries develop, what most governments and policymakers get wrong about how to help drive prosperity in developing nations, and how these lessons can be applied to your business. Topics covered in today's episode: 00:01:15 - How Efosa got started with innovation, and how a single book changed his life 00:03:30 - Why charity donations aren't effective at helping drive people out of poverty, and how these are called "Push Strategies" of development 00:05:00 - How entrepreneurs in developing nations innovate and create markets, called the "Pull Strategies" of innovation 00:09:00 - Every single country originally came from poverty. Prosperity is a process, and market-creating innovation is the driver 00:11:00 - To create a mindset shift, you need to understand the language and policy impacts of the three types of innovation (sustaining, efficiency & market creating) 00:12:30 - When you invest in efficiency innovations, they usually eliminate jobs 00:15:00 - A case study of where the insurance industry innovated to provide a new product for low-income families, which has now been bought by about 50-60 million people 00:18:00 - How Henry Ford innovated to drive prosperity in the USA, investing in cars before there were roads 00:19:45 - How managers can use these lessons to help their companies innovate, by using examples of returns of investment to explain to executives for the long term growth and viability 00:21:00 - You need different ways of managing innovations in your company, and not use the same metrics as the business as usual Links mentioned in the episode: Buy the Book: The Prosperity Paradox: How Innovation Can Lift Nations Out of Poverty: https://amzn.to/2TbCmQw The Christensen Institute: https://www.christenseninstitute.org Efosa's website: https://efosaojomo.com/ Bonus: This episode was made possible by our premium innovation and creativity training. Take your innovation and creativity capabilities to the next level by investing in yourself now, at https://www.ideatovalue.com/all-access-pass-insider-secrets/ * Subscribe on iTunes to the Idea to Value Podcast: https://itunes.apple.com/gb/podcast/idea-to-value-creativity-innovation/id1199964981?mt=2 * Subscribe on Stitcher to the Idea to Value Podcast: http://www.stitcher.com/s?fid=129437&refid=stpr * Subscribe on Google Play to the Idea to Value Podcast: https://playmusic.app.goo.gl/?ibi=com.google.PlayMusic&isi=691797987&ius=googleplaymusic&apn=com.google.android.music&link=https://play.google.com/music/m/Ifjlz5o2w27yr4wn7belsne26oq?t%3DIdea_to_Value_-_Creativity_and_Innovation%26pcampaignid%3DMKT-na-all-co-pr-mu-pod-16
Ben & Jay are honored to speak with Efosa Ojomo, Global Prosperity Lead at Clayton Christensen Institute and co-author of The Prosperity Paradox with Dr. Clayton Christensen and Karen Dillon. Efosa talks about how he came to think that business might be the answer for developing countries, why not all innovations are created equal, and why “pull” strategies can work better than “push” strategies for all stakeholders. In addition, we discuss how The Prosperity Paradox can inspire and instruct social innovators close to home, even in generally prosperous geographies.@EfosaOjomo @GlobalCCI @christenseninst @HarvardHBS @HBS_Forum #ProsperityParadox@KarDillon @claychristensen@SherpaPod @TheBenReport @JayGerhart #InnovationEngine- A Sherpa's Guide to Innovation is a proud member of the Health Podcast Network @HealthPodNet -Support the show (https://healthpodcastnetwork.com/)
Second City Works presents "Getting to Yes, And" on WGN Plus
Kelly talks to Efosa Ojomo of the Christensen Institute and Karen Dillon the former editor of the Harvard Business Review about their new book The Prosperity Paradox that they co-authored with the legendary scholar Clayton Christensen. [audio http://serve.castfire.com/audio/3594296/efosa-ojomo-and-karen-dillon_2019-02-08-174236.64kmono.mp3]
Providing the best care possible through highly trained providers
On this episode, Efosa and I discuss if people are meant to be monogamous and we relate this to commitment. We also discuss what a ‘soulmate’ is and what we would define it as. And much more Hope you enjoy xx Featured song: Juls - Give You Love ft. L.A.X.
In Part 2 of this inspiring interview, Efosa and I are joined by Josh D'Angelo, who helped Efosa in starting their company , Move Together and founding and growing the inter-nationally successful PT Day of Service.
LIVE from the Ascend Conference in Washington DC, I am joined by Co-Founders of PT Day of Service Efosa Guobadia and Josh D’Angelo to discuss PT Day of Service. PT Day of Service has brought together nearly 8,000 volunteers from 42 countries in just two years. Treating at a pro bono clinic. Working in a soup kitchen. Cleaning up a park. No matter where or how, we have the ability to positively impact change. Whether we call ourselves 'Physical Therapists' or 'Physiotherapists,' service embodies who we are, what we do, and how we act. Join us this year on October 14, 2017! In this episode, we discuss: -What is PT Day of Service? -The future of PT Day of Service and Efosa’s and Josh’s goal of transcending the status quo -Building a team with shared values to achieve goals -Ways you can give back to those affected by recent natural disasters -And so much more! PT Day of Service encourages physical therapists to give back to their communities and all across the globe. Josh states, “It’s about writing service into the DNA of our profession….PT Day of service has always been about what we can do when we unite, when we join together as a profession” The goal of the PT day of Service team is to, “create a platform from which people can stand and serve to move the world in a positive direction.” Dedicating a day of service gives the opportunity for each person to make a lasting impact on their communities and Efosa remarks, “The power that we have, from one interaction, from one touch point can change the world.” For more information on the PT Day of Service Story: EFOSA GUOBADIA: What if. I imagine a few things have started that way in the past, and a few things will start that way in the future. This particular ‘what if’ came to my mind in February 2015. I was doing health volunteer work off the Amazon River in Peru. As I looked upon the river, an idea that had been bubbling in the back of my mind suddenly shot to the front in full force. What if, on the same day, clinicians, students and associated staff of the Physical Therapy profession volunteered in different communities around the world? What if, we then shared those moments and acts in a way that was galvanizing, inspiring, and promoted connections all over the world? What if!? Being on the Amazon and watching the river flow, I couldn’t help but think of our profession of Physical Therapy as a flowing river. A river made up of passion, love, life, kindness, and heart. A river that enhances and is enhanced by the shores it passes and the encounters it makes. Our River. Our Profession. Our Communities. The idea was taking form that a Day of Service would be another wave to have a positive impact on all involved. I was smiling as the thought was developing and I knew I had to share it with someone. I emailed Josh right away... JOSH D'ANGELO: Let's shoot for the stars. Back in February, I received an email at about 11:30pm. As I curled into bed and saw the email was from Efosa, I could not help but read it. Our exchanges often serve as a place to reflect on our lives, careers, and what physical therapy can and should be. This particular email happened to be a new idea, something to the effect of starting a 'PT Day of Service.' Three sentences into the email, I had a visceral response, one that told me this is something we not only should do, but something we need to do; a chance for the profession to show what we can do when we all work together. At 11:35pm, I popped back up, turned the light on, and flipped open my laptop. Over the next 15 minutes, I did my best to articulate that this was NOT just another idea, this is a movement we HAVE to start. Later on that night as I drifted off to sleep, I remember the last thought that crossed my mind: 'Let's really do this. Let's shoot for the stars.' EFOSA & JOSH: What was once an idea has evolved into a real, palpable movement driven by eight volunteers, a growing list of international ambassadors, and many supporters across the world. We have had the chance to talk about servant leadership, community engagement, and all that is possible when we ask ourselves how we can do our part to make life better for those around us, when we ask ourselves how can we put compassion into action. We know the impact will be real on not only those we serve, but on our profession and ourselves. To our knowledge, this is the first global Day of Service coordinated by a whole profession. It gives us the chance to lead and serve at the same time. Our hope for this day is that it sparks new connections, strengthens established ones, and further stimulates conversations on how we can keep this river flowing strongly for our profession and the communities we touch. Because...What if. Resources discussed on this show: PT Day of Service Website Ascend Conference Day of Affirmation Address Stephen Colbert 2011 Commencement Speech at Northwestern University Rehab Therapists Give Back Thanks for listening and subscribing to the podcast! Make sure to connect with me on twitter, instagram and facebook to stay updated on all of the latest! Show your support for the show by leaving a rating and review on iTunes! Have a great week and stay Healthy Wealthy and Smart! Xo Karen
Senior researcher Efosa Ojomo has written in these pages about the impact that Tolaram has had on Nigeria’s economy by introducing the country to an unlikely product: Indomie instant noodles (~$0.17 USD per package). Efosa’s story, How one company defied the odds and is grossing almost $1 billion in revenue… in Nigeria spawned so much interest that he then wrote a second series on the role of culture (in four parts: 1, 2, 3, 4), using the framework of esteemed MIT Professor Emeritus Edgar Schein. In this podcast, Tolaram Africa CEO Deepak Singhal joins Efosa and myself to talk about his company’s incredible rise and their plans for what’s next.
63.2 million people in Nigeria don’t have safe access to water. A common response to this statistic is to want to give these people access to safe water — which is exactly what inspired Efosa Ojomo to co-found Poverty Stops Here, a nonprofit organization whose mission is to provide access to clean water and sanitation resources, micro-loans to help start a new or expand a current business, and education/health initiatives for children in Nigeria. But despite all of the research on development that Efosa had done prior to starting this nonprofit, things didn’t go exactly as planned.