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In this episode, the ReSolve team is joined by Dr. Robert Frank, the Henrietta Johnson Lewis Professor of Management Emeritus and Professor of Economics at the Samuel Curtis Johnson Graduate School of Management at Cornell University. They delve into the role of luck in success, the myth of meritocracy, and the dynamics of free markets. They explore various topics, including:Topics Discussed• The approach to both microeconomics and macroeconomics in the textbooks co-authored with Dr. Ben Bernanke• The impact of behavioral economics on the understanding of microeconomics and macroeconomics• The role of luck and meritocracy in success and how policy is informed by this understanding• The concept of 'smart for one, dumb for all' in the context of competition• The implications of the Darwin Economy and the interplay between individual self-interest and societal outcomes• The effects of tax structures on entrepreneurial initiative and economic growth• The need for effective human coordination to solve major problems and improve the futureThis episode is a must-listen for anyone interested in understanding the complex dynamics of economics, the role of luck in success, and the impact of policy decisions on societal outcomes. It provides valuable insights into the intricacies of economic theories and their practical implications.*ReSolve Global refers to ReSolve Asset Management SEZC (Cayman) which is registered with the Commodity Futures Trading Commission as a commodity trading advisor and commodity pool operator. This registration is administered through the National Futures Association (“NFA”). Further, ReSolve Global is a registered person with the Cayman Islands Monetary Authority.
The COVID-19 pandemic has caused more people to use medical care, especially here in California. And as a result, Covered California has announced that they are increasing the cost of medical insurance by an average of 6% for the 1.7 million people who purchase coverage through the state-run health insurance marketplace. Covered California also announced an expansion of medical providers with up to four choices for most users. For more on this, KCBS Radio news anchors Patti Reising and Kris Ankarlo spoke with Steven Shortell, Distinguished Professor of Health Policy and Management Emeritus and Dean Emeritus, at the School of Public Health, at UC Berkeley.
Robert H. “Bob” Frank teaches economics at Cornell and is the author of a dozen books, including the one that caught my eye for this week's topic: Luck and Success: Good Fortune and the Myth of Meritocracy. Bob cares a great deal about recognizing luck's role in our success because doing so, he argues, would make us all more grateful, happy, and generous. He also cares because without the “lucky” proximity of an ambulance one cold November morning, he wouldn't have survived the heart attack that laid him out on the tennis court in Ithaca, NY a few years back. But survive he did and he forged on to continue teaching and writing about status, ambition, spending, social signaling, and the evolutionary traits that lead to such behavior. The Henrietta Johnson Louis Professor of Management Emeritus at Cornell's SC Johnson College of Business, Bob's other books include Luxury Fever: Money and Happiness in an Era of Excess, Under the Influence: Putting Peer Pressure to Work, and Principles of Macroeconomics, the textbook he co-authoredwith former Federal Reserve Chair, Ben Bernanke. Bob's writing has appeared in top publications and academic journals, including The Atlantic, Journal of Economics, Journal of Public Economics, American Economic Review, The American Prospect, and Chronicle of Higher Education. He is a regular contributor to the Economic View column in the New York Times. Bob received his undergraduate degree from Georgia Tech and his MA and Ph.D from UC Berkeley. He has taught economics at Cornell since 1972. Follow Bob on Twitter @econnaturalist Click HERE to ✍️ RATE / REVIEW Crazy Money
Winner take all | Robert H. Frank is the Henrietta Johnson Louis Professor of Management Emeritus at Cornell University’s SC Johnson Graduate School of Management. What does a winner take all ethos in capitalism mean for democracy? Robert Frank discusses with Andrew Keen what the concentration of wealth amongst the best of the best and the sinking top tax rates means for conceptions of equality and fairness in America. Understanding this is essential to understanding the disconnect between politics and people today.
Richard Schmalensee, the Howard W. Johnson Professor of Management Emeritus and Dean Emeritus at the MIT Sloan School of Management, reflected on his many years working on environmental policy in public service and academia in the newest episode of “Environmental Insights: Discussions on Policy and Practice from the Harvard Environmental Economics Program,” a podcast produced by the Harvard Environmental Economics Program.
Edgar H. Schein is the author of numerous bestselling books, including the recent Humble Inquiry and Humble Consulting. Schein recently retired from the position of the Society of Sloan Fellows Professor of Management Emeritus at the MIT Sloan School of Management. He has received ample recognition for his work, with multiple lifetime achievement awards from […] The post Learning Insights Radio featuring Edgar and Peter Schein with Organizational Culture and Leadership Institute appeared first on Business RadioX ®.
There is no getting away from it - the person ultimately responsible for organisational culture is the leader. It’s what they do, what they pay attention to, and what they encourage and reward that will ultimately shape the organisation’s culture. Interestingly, it is also what the leaders don’t do and don’t pay attention to that can be a tremendously powerful culture shaping factor. As Ed said in the interview:"When it comes to culture, leaders get what they settle for." What you will learn in this episode what the key attribute of a successful culture is how to determine whether you should be worried about your team’s or organisation’s culture the circumstances in which culture is particularly important for an organisation what people in organisations pay most attention to when it come to culture when it makes sense to evaluate culture using quantitative and qualitative tools what changing a culture really entails whether small, light-touch interventions can be effective in changing culture what a CEO or a leader should do when they want to see more of a coaching or innovation culture in their organisation what Ed thinks of starting culture projects "in the middle" what’s “personizing” and why it's important More about the guest Edgar Schein is a Society of Sloan Fellows Professor of Management Emeritus and a Professor Emeritus at the MIT Sloan School of Management. He made a notable mark on the field of organizational development. He is well known for his ground breaking work on the Organizational culture model. You can find more about his and his son’s work on www.ocli.com Books mentioned on this episode "Humble Leadership" by Edgar Schein and Peter Schein "Humble Consulting" by Edgar Schein "Humble Inquiry" by Edgar Schein "Turning the Ship Around" by David Marquet "The Team of Teams" by General Stanley McChrystal To join The Experimenters Club, a community of people who try out the ideas from the podcast, click here. To subscribe to my newsletter, the CultureLab Insider, click here.
Future Squared with Steve Glaveski - Helping You Navigate a Brave New World
We're going live a day early this week in anticipation of not one, but two, very special announcements tomorrow from the team here at Collective Campus. This week's guest is Richard Schmalensee, the Howard W. Johnson Professor of Management Emeritus and Professor of Economics Emeritus at the Massachusetts Institute of Technology (MIT). He served as the John C Head III Dean of the MIT Sloan School of Management from 1998 through 2007. He was as a Member of the President's Council of Economic Advisers from 1989 through 1991 and served for 12 years as Director of the MIT Center for Energy and Environmental Policy Research. Professor Schmalensee is the author or co-author of 12 books and more than 120 published articles. His research has centered on industrial organization economics and its application to managerial and public policy issues, and he was the 2012 Distinguished Fellow of the Industrial Organization Society. Professor Schmalensee is a Fellow of the Econometric Society and the American Academy of Arts and Sciences. He has served on the Executive Committee of the American Economic Association and has been a Director of the International Securities Exchange and other corporations. He is currently a Director of the International Data Group and the National Bureau of Economic Research, and is Chairman of the Board of Directors of Resources for the Future. He has testified before Congress and served as a consultant to government agencies and numerous private firms. Topics Discussed: - The difference between single-sided and multi-sided marketplaces - The challenges of growing a marketplace platform like Airbnb - What successful marketplaces have in common - How to increase your chances of success when building a marketplace - The role of marketplaces in employee and contractor welfare - Are sharing economy companies really about sharing? - Regulatory considerations - The impact of blockchain on marketplaces Show Notes: 1. Richard’s books: Matchmakers: The New Economics of Multisided Platforms - https://amzn.to/2QNtbpz Paying with Plastic: The Digital Revolution in Buying and Borrowing - https://amzn.to/2xyuCQN Invisible Engines: How Software Platforms Drive Innovation and Transform Industries - https://amzn.to/2Nyrq1x Management: Inventing and Delivering Its Future - https://amzn.to/2zn4bis Harnessing Renewable Energy in Electric Power Systems: Theory, Practice, Policy - https://amzn.to/2MUdhGH 2. Richard’s LinkedIn: www.linkedin.com/in/richard-schmalensee-699252 3. Marketplatforms.com 4. Richard's profile at MIT: rschmal.scripts.mit.edu/ --- I hope you enjoyed this episode. If you’d like to receive a weekly email from me, complete with reflections, books I’ve been reading, words of wisdom and access to blogs, ebooks and more that I’m publishing on a regular basis, just leave your details at www.futuresquared.xyz/subscribe and you’ll receive the very next one. Listen on Apple Podcasts @ goo.gl/sMnEa0 Also available on: Spotify, Google Play, Stitcher and Soundcloud Twitter: www.twitter.com/steveglaveski Instagram: www.instagram.com/@thesteveglaveski Future Squared: www.futuresquared.xyz Steve Glaveski: www.steveglaveski.com Medium: www.medium.com/@steveglaveski
In our last episode I started an interview with Dr. Ed Schein, Sloan Fellows Professor of Management Emeritus at MIT and author of fourteen business books, including The Corporate Culture Survival Guide. Make sure to listen to that episode if you happened to miss it. {loadposition content_amazonHelping}In this second part of the interview, we turn our attention to Ed's seminal yet highly practical book entitled Helping: How to Offer, Give, and Receive Help. Ever wonder why some people find it difficult to ask for help, even when they are "spinning their wheels" with the project tasks? Or why some people just won't take you up on offers to help, even when it's desperately needed? In this interview Ed helps us understand the surprisingly complex dynamics around giving and receiving help. I strongly recommend you get a copy of Ed's books we discuss in these two episodes. I invite you to join me next time when I interview Dr. Allen Cohen, author of the acclaimed book Influence Without Authority. Part of the complexity of projects today relates to the fact that many of us have the responsibility to deliver the projects yet don't have authority over all the people we must depend on. Increasingly project success depends on relationships with a wide variety of stakeholders, and our ability to influence those people—even when we don't have authority over them—is critical. I look forward to sharing that interview with you. Thanks for checking out our new podcast website at www.peopleandprojectspodcast.com. I invite you to let me know what you think about it! Thanks for joining us for this episode! Have a great week! Total Duration: 21:17 Download episode 26
It happens regularly... my phone rings, I pick it up, and on the other end I'm talking with someone who's inquiring about bringing us in to deliver a keynote for a company event or training for their organization.{loadposition content_amazonCorpCulture} My first response is not whether I'm available on the dates they're looking for. My first questions are designed to help me understand the problems they're trying to solve. Once I have a good sense of the issues they want to address, I inevitably ask a critical, open-ended question: "Tell me about the culture of your organization?" How would you respond to that question? How would you describe your company's culture? Or the culture of your team? How about the project culture at your company--how things get done? This is what I've found: understanding organizational culture is critical to being able to deliver projects and lead teams. If I don't have a decent idea of the culture I'm walking into for a keynote, workshop, or coaching session, I flat out won't be effective. It would be like walking in and finding that everyone speaks a foreign language. Dr. Ed Schein is a world renowned MIT professor and expert on organizational culture, and has authored fourteen business books, including The Corporate Culture Survival Guide. When it comes to knowing how to get things done in a company, Ed is one of my heroes, so I was very excited to have the opportunity to speak with him recently.{loadposition content_amazonHelping} This episode contains the first part of my discussion with Dr. Schein, with the remaining to be included in the next cast. [readon url="http://bit.ly//EdScheinP2"]Click here[/readon] for Part 2 of my interview with Dr. Schein will focus on his book Helping: How to Offer, Give, and Receive Help. Would you take a moment to tell a friend about this podcast? I would love to have the opportunity to help develop your friends and colleagues who have a desire to successfully deliver projects and lead teams. Thank you for joining us for this episode of the People and Projects Podcast! Have a great week! Total Duration: 24:19 Download episode 25