Conversation with Harvard’s David Yoffie, MIT’s Michael Cusumano: ‘Strategy Rules’ from Bill Gates, Andy Grove, and Steve Jobs

y450-293Working Capital Conversations: Leading thinkers, practitioners and experts discuss the ideas that drive global business.

You know the old game: If you could have dinner with three people from history, whom would you choose?

We won’t cover all the options, but you’ll agree, you could do a lot worse than Bill Gates, Steve Jobs and Andy Grove. These technology CEO icons just may have more influence on how we live our lives – how we work, communicate, think, exercise, shop, read, listen to music and even put our kids to bed – than any group you could name (ok, let’s hold the Beatles aside).

Of course, getting these three together was nearly impossible even when they were all alive. But don’t worry, because two leading business school professors, researchers and thinkers have done the next best thing.

It’s hardly an exaggeration that Harvard Business School Professor David Yoffie and MIT Sloan School of Management Professor Michael Cusumano collectively may know more about Gates, Jobs and Grove than anyone else on the planet. They have written books and cases studies, sat on boards, interviewed hundreds of employees, consultants and colleagues. They know or knew all three. And they now have taken that collective knowledge and deep insight and answered the question many of us would ask if we could eat just one meal with Grove, Gates and Jobs: “What should I do to be successful in business?”

Their new book is Strategy Rules: Five Timeless Lessons from Bill Gates, Andy Grove, and Steve Jobs.”

Conversation with Andrew Palmer: How High-Stakes Financial Innovation is Reshaping Our World

PalmerWorking Capital Conversations: Leading thinkers, practitioners and experts discuss the ideas that drive global business.

We face no shortage of negative news around the financial industry. And within this zone, one the most damning phrases is “financial engineering.” Following the economic crisis – and even before – financial engineering came to symbolize the worst of what a free and active system of capitalism can provide.

But what if financial innovation could help find a cure for cancer? Or help address homelessness? Or send lower-class youth to college?

51STtdAcW9L._SY344_BO1,204,203,200_These efforts represent the other side of financial engineering. And while the negative – the real pain that real people felt and continue to feel – must be addressed and should never be ignored, the incredible innovation that has driven global and local economies for centuries is also fascinating and important.

Andrew Palmer thinks and writes about both sides of this financial innovation coin. He is Business Affairs Editor at the Economist. He is also author of the new book: “Smart Money: How High-Stakes Financial Innovation is Reshaping Our World for the Better.”

Working Capital Conversations: Global Corporate Divestment Study with Paul Hammes, Ernst & Young

Screen Shot 2015-03-23 at 1.10.08 PMWorking Capital Conversations: Leading thinkers, practitioners and experts discuss the ideas that drive global business.

At a time when many of the large or publicly-held companies globally are focused relentlessly on how to grow, today we talk about one growth strategy that, at first glance, might not seem closely related: How to sell.

More specifically, Divestments.

Screen Shot 2015-03-23 at 1.06.22 PMIt’s no secret that many companies see divestments as a fundamental part of their capital strategy, especially to fund growth. What you may not know is:  We now should expect that trend to grow.

How do we know? Ernst & Young recently released a new and important review: It’s 2015 EY Global Corporate Divestment Study. They spoke with more than 800 corporate executives across sectors and around the world. And the headline is clear: More than half of the companies surveyed expect the number of strategic sellers to increase in the next 12 months.

Why is divestment such an important strategy? Which sectors will use it most and why? Most importantly, what defines success?

Paul Hammes is the Ernst and Young Global Divestiture Advisory Services Leader and co-author of the study. He works on carve-outs, tax-free spinoffs, roll-ups, IPOs and more across a range of industries.

Working Capital Conversations: The CEO Reputation Premium with Leslie Gaines-Ross, Weber Shandwick

88d64c4d-6a1d-4da9-932e-ef5d6ee81926Working Capital Conversations: Leading thinkers, practitioners and experts discuss the ideas that drive global business.

How should a CEO behave? Bold? Maybe. Decisive? Probably. But how about humble? Attentive? Accessible?

CEO behavior – or, more accurately, reputation – arguably has never been more important than it is today. With growing social networks and changing social expectations, a CEO’s reputation is trickier to maintain and more central to a company’s bottom line than ever. And we’re only just at the beginning of this trend.

Screen Shot 2015-03-20 at 4.31.38 PMThese are just some of the findings of a new and insightful report titled: “The CEO Reputation Premium: Gaining Advantage in the Engagement Era.” But if the reality that CEO reputation matters is clear, the question remains: How do you do it? At a time when every word, every misstep, every wrong tweet becomes front page news, how does a leader walk the balance of being out there – but not too much and only in the right ways?

To find out, we asked the author.

Leslie Gaines-Ross is Chief Reputation Strategist at Weber Shandwick, the leading global public relations agency, and co-author of the CEO Reputation Premium report. Gaines-Ross is one of the world’s most widely recognized experts on reputation—how they’re built, enhanced and protected. She is the author of a couple of books on CEO reputation, she speaks frequently and globally on the topic; and she finds herself on several Most Influential People and Top Thought leaders lists.

Working Capital Conversations: ‘Collaboration and Leadership for Sustainability’ with Martin Reeves, Boston Consulting Group

resource_preview_1131Working Capital Conversations looks at sustainability.

We all know that with the global economy, cross-border transactions have all but erased traditional boundaries. We know what these changes have meant for finance, technology, trade, operations and more.

But what about sustainability? As sustainability has evolved from a nice to have – from a cute addition to the annual report or an easy way to appease angry shareholders – and into a core business strategy central to profitability, how have global realities affected the way businesses consider exactly what sustainability means? In an interconnected world, how do successful businesses address sustainability today?

These are among the questions addressed in a recent MIT Sloan Management Review report. And the answers may surprise you.

“Joining Forces: Collaboration and Leadership for Sustainability” was prepared through a partnership of the MIT Sloan Management Review, the Boston Consulting Group and the United Nations Global Compact.

One of the named authors is Martin Reeves, senior partner and managing director at the Boston Consulting Group. He also leads the BCG Strategy Institute globally.

Working Capital Conversations: The Sharing Economy with Joel Stein, Time Magazine

Screen Shot 2015-02-02 at 4.11.07 PMWorking Capital Conversations looks at The Sharing Economy – businesses like Uber or Lyft or AirBNB rewriting traditional business models so that people like you and me can compete with major corporations.

Thinking to stay at the Hilton on your next Paris vacation? Why not rent a room – or a condo – from a local Parisien, getting more space at a lower cost. Tired of waiting for a taxi during New York rush hour? Hire a private car, and get alerts telling you once it’s arrived.

But just as the Sharing Economy is changing personal economics, it also impacts big business, with tens if not hundreds of billions of dollars in investments and transactions. The newcomers gain billions in valuation and revenue. Major brands create sub-brands to compete.

So what’s it really like inside the Sharing Economy? What does it mean to be a buyer or a seller? Is this a passing fad – the selfie of global business?

Joel Stein wanted to find out. Stein, of course, is a writer, reporter and humorist at Time Magazine. His cover story – “Baby, You Can Drive My Car, and Do My Errands, and Rent My Stuff…” – explores the Sharing Economy and provides answers with the mix of insight and absurdity that Stein has delivered for years.

Gary Katz, CEO of Pivot Physical Therapy

Gary Katz is a trained physical therapist and CEO of Pivot Physical Therapy. He has experience growing a business from scratch, as well as implementing the new trends in personal well-being.

With youth concussions filling headlines (see recent Pediatrics questioning the conventional wisdom of implementing rest following a possible concussion) and business tips always being sought, Katz offered a range of insights on:

Youth Sports – “Parents need to understand a child’s limitations and allow them to have fun while playing sports and not always focus on making their child the next Michael Phelps… or Dan Marino.”

Sports and Diabetes – “As technology improves, it is going to give athlete with diabetes better ways and practices to assist in managing their condition while performing at high level of competition.”

Staying Healthy – “Lots of people have issues with balance between work, family, and whatever life brings to the table. A regimen of exercise three to five times a week will help maintain a high level of health.”

Physical Therapy – “A lot of time people think physical therapy causes more pain but quite the contrary. It is used to reduce pain in order to restore someone’s ability to get back to their daily activities.”

Growing a Business – “Businesses are supported by local community. Evert business should have some sort of community involvement at the grassroots level… It’s always important to have the foresight and the constant ear to the ground so know what is going on in your community.”

Technology – “Physical therapists are truly experts in wellness and movement and these wearables could eventually assist the physical therapist in designing exercise programs for the patient. And with the use of these wearables, patients will possibly be more compliant with their exercise plan or easier to monitor their wellness or fitness.”

Culture and Brand – “Brand is important in that there is value in a highly sought out product and if you can build your brand through your culture and through the care and service or the product you are providing, it strengthens your whole business model.”

Charlie Cook: Editor & Publisher of The Cook Political Report

CharlieCookFew follow the ins and outs of political campaigns more closely than Charlie Cook and his team of reporters and editors. And with less than three weeks to go before the new most important election of our lifetimes, they’re tracking all the key races and trends – in particular, who will take control of the U.S. Senate.

Listen here at Political Wire.

Sam Wang: Founder, Princeton Election Consortium

LIVE.RR_WangIt remains impossible to talk about the 2014 Midterms without turning immediately to the big question – the only question –which party will take Senate Control? And who are we to fight that power?

So while we wait 6 weeks for actual results, we turn instead to predictive analysis –deep dives into dozens of race-by-race polls that seem to be released hourly. What do they show? How many seats are truly still in play? Where should we focus attention, and within that focus, what should we be looking for. And most simply, can’t anyone just tell us who’s going to win?

Sam Wang is an Associate professor of neuroscience and molecular biology at Princeton University. He is also founder of the Princeton Election Consortium, where he publishes one of the most-watched polling models around. Sam’s model has come under some scrutiny this election season, as it’s been one of the few models consistently predicting that the Democrats will retain the Senate. What does Wang know that the rest of us don’t?

Listen here at Political Wire.

Nate Silver: Founder and Editor-in-Chief,

NateSilverAs we make our way towards the first Tuesday in November, a highly-watched, always-debated component of American politics is ready to take it’s place center stage: Statistical models.

These models, which connect and weight a range of ever-changing data, have replaced the simple “who will win by how many points” projections. And with Senate control both still undetermined and central to our political future, understanding these models is key.

And, of course, none of these models is better known or more anticipated than Nate Silver’s.

Nate Silver almost single-handedly brought the art and science of political statistical modeling in our cultural mainstream. He is founder and editor-in-chief of FiveThirtyEight.

Listen here at Political Wire.

John Dean: Author, “The Nixon Defense: What He Knew and When He Knew It”

john_dean_head_picIn little more than a week, we’ll mark 40 years since one of the darkest days in American politics, government and culture – 40 years since President Richard Nixon resigned our nation’s highest office.

Much has been written and reviewed about Watergate. So much that there would seem little room for anything new.

But there is.

John Dean played a key role in the Watergate tale.  He served as counsel to the President during that time, and while he did not know of the break-in when it occurred nor of White House involvement for many months later, he found himself – perhaps unwittingly – becoming a central player in what he calls The Nixon Defense.

In the last years, Dean listened to and transcribed the primary Watergate source material: Nixon’s own White House recordings. Incredibly, many of these conversations have never been transcribed, cataloged and examined. That’s what Dean has done, and in the process – he says – connected the dots between what we believe about Watergate and what actually occurred. He has documented it all in a new book: “The Nixon Defense: What He Knew and When He Knew It.”

Listen here at Political Wire.

Doug Schoen: Political Strategist, Pollster

douglas.schoen-pollster1Today’s issue, who’s running harder against President Obama – Republicans or Democrats? The question is only partly exaggerated.

From criticism on “who lost Iraq” to the handling of the Army Sgt. Bowe Bergdahl prisoner exchange to even the environment. And, of course, there’s always Obamacare.

So how legitimate is this criticism? Is President Obama – and his low approval ratings in various key states – weighing down the team? Should Democrats be more constructive and supportive of their chief?

Doug Schoen is one of the most influential Democratic campaign consultants for over thirty years. He served as a political adviser and pollster for President Bill Clinton from 1994-2000, and has worked with mayors, governors and heads of state in more than 15 countries. He is a founding partner and principle strategist for Penn, Schoen & Berland and widely recognized as one of the co-inventors of overnight polling.

Listen here at Political Wire.

Philip K. Howard: Author, “The Rule of Nobody”

1905For anyone who looks at our government today and says, “Everything seems great to me. No room for improvement here,” well, today’s conversation is not for you.

Now that that person has stopped listening, here’s what the rest of America can learn from today’s talk: The problem is even worse that you thought. While most discussion on fixing government deals with the politics and the posturing, we instead might want to focus on something much more difficult to fix: Nobody is actually in charge. A mountain of overlapping, contradictory and often unnecessary laws, regulations, oversight committees and more seem designed specifically to block responsibility and accountability – and ensure the status quo.

So how did we get here? How can we get out? And where is the leadership?

Few think about the need to simplify and clarify American government, policies and laws more than Philip K. Howard: Lawyer, author and thoughtful critic of the areas of our political system many others seem to ignore. He is Founder & Chair of Common Good and his new book is “The Rule of Nobody: Saving America from Dead Laws and Broken Government.”

Listen here at Political Wire.

Ken Vogel: Author, “Big Money”

18467752At first glance, today’s conversation might seem as surprising as dog bites man: Money has taken over our political process. I know – not a shocker. But what if I told you that, quite possibly, our next President will be chosen by 5 or 6 of the richest people in America? Or a dozen? Certainly no more than 100?

It’s hardly an exaggeration. From the historic growth of PACs to the Supreme Court’s 2010 Citizens United decision through now the increasing mega-wealth of the top .01 percent, the role of the super rich in politics has grown exponentially. Control of America’s future has shifted from political parties to power players – individuals who bankroll campaigns and collect politicians like sports franchise. And this is no fantasy league.

What does this shift in money and influence mean for our political future? Who are these individuals and what are they doing to our democracy? While you may know some of the names – Koch or Adelson or Soros or Katzenberg – you likely don’t know them all.

Kenneth Vogel, however, does. Ken covers the confluence of money, politics and influence for Politico. He’s also author of the new must-read book “Big Money: 2.5 Billion Dollars, One Suspicious Vehicle, and a Pimp—on the Trail of the Ultra-Rich Hijacking American Politics.”

Listen here at Political Wire.

Joe Lockhart: Former White House Press Secretary

Lockhart_Joe_240x250The White House recently announced a change at the top. Not the very top, of course, but as head of the Press Office. Jay Carney is stepping down; Josh Earnest is stepping up.

The White House Press Secretary is, quite often, America’s face to the world. And speaking for the President, sometimes several times a day, the Press Secretary faces many masters – the Commander in Chief, the media, and of course, the American people.

So how to balance the competing pressures: For example, protecting information responsibly vs. the public’s right to know? Particularly in these highly partisan times – with POW swaps, VA scandals, Midterms, Obamacare fights and more – how do you balance policy with politics?

Few in the role had to walk that line more regularly Joe Lockhart, who served as President Clinton’s Press Secretary. Today he is a Founding Partner and Managing Director of The Glover Park Group, which offers media, communications and political strategy to global corporations and non-profits. He also served as Vice President of global communications for Facebook.

Listen here at Political Wire.

Nate Cohn: NY Times’ “The Upshot,” on Data, Forecasting Models & Politics

nyt-upshot-logo-finalForget the Koch Brothers or Super PACs or even President Obama. The most-watched player in the 2014 Midterms just might be a computer program called LEO.

LEO is the always-on, data-crunching, poll-adjusting Senate forecasting model used by the New York Times. Each day LEO takes the latest polls and historical data from around the country, blends in other information like fundraising and national polling, and then simulates all 36 Senate races – 250,000 times. And from that, each day LEO speaks about which party will win the Midterm’s grand prize – U.S. Senate control.

So following several big weeks of primary voting, what does LEO have to say… and why should we believe it?

Nate Cohn is a reporter at the New York Times’ new hot spot – The Upshot – where he covers elections, polling and demographics.

Listen here at Political Wire.

Sam Youngman: Lexington Herald-Leader on Kentucky Politics

Few states have more action right now than Kentucky. It’s home to One of the biggest Senate races – the fight for Mitch McConnell’s office and whether the Minority Leader can come out of this not just with his seat, but perhaps the upgraded title to Majority Leader.

It’s also home to a likely Presidential contender, Kentucky’s junior Senator, Rand Paul, who keeps gaining strength and support, while possibly splitting the Republican Party.

And as if you didn’t know, it’s home to the Kentucky Wildcats, which this weekend could become college basketball’s national champion. Which of these stories is most important to the Blue Grass state?

Well, we’re going to talk politics anyhow. Our guest, Sam Youngman, political reporter at the Lexington Herald Leader who recently wrote that he’d like to have his ashes spread at Rupp Arena where the Wildcats play hoops.

Listen here at Political Wire.

Retro Report’s Jill Rosenbaum: “Baby M and the Question of Surrogacy”

Screen Shot 2014-04-02 at 1.03.42 PMAmong the many wonderful areas where science has created new hope and opportunity, baby surrogacy – a woman carrying a child to term for another family – surely ranks among the most fantastic.

But it’s also among the most controversial, as this positive hope also created challenges and concerns, perhaps none better known than the case of Baby M, the first contested surrogacy case in US history. Sure, there was a contract. But there also was a surrogate mother who didn’t want to lose Baby M. What happened then? And what has occurred at the intersection of science, law and the miracle of life since?

Jill Rosenbaum is a producer at Retro Report, the non-profit news and documentary group that follows important events after the headlines fade. Their new video is “Baby M and the Question of Surrogacy.”

Nicco Mele: Author, “The End of Big;” Founder, EchoDitto

We might have debated who invented the Internet, but there’s no debate over which candidate brought the Internet into political campaigns. In 2003 and 2004, Democrat Presidential candidate Howard Dean made fundraising go digital.

The brains – if not the functionality, design, and execution – behind that operation belonged to Nicco Mele, a 20-something year old webmaster who had worked for various advocacy groups.

Since that online revolution, Mele has launched his own firm – EchoDitto – which helps organizations gain greater impact through technology. He also is a lecturer at Harvard’s Kennedy School of Government and author of “The End of Big: How The Internet Makes David The New Goliath,” where he warns against – of all things – the disruptive and perhaps dangerous power of the Internet. Among the areas he worries about: Digital’s potential destruction through polarization of politics and government.

Listen here at Political Wire.

Retro Report’s Josh Fisher: “Fly Wars: Battling the Medfly”

Screen Shot 2014-03-21 at 1.42.50 PMRemember the medfly? All bugs are pesky, of course, but the Mediterrean Fruit Fly might have been the peskiest. And a little bit scary. The threat was imminent: A tiny creature was going to ruin California’s agricultural industry.

But the battle of the Medfly soon became a battle over pesticides – mainly, one called Malathion – and the widespread spraying of California’s towns and cities – even Los Angeles.

What happened to the medfly? More importantly perhaps, with widespread spraying of pesticides to fight the pest, why did our public officials, news media and even the public get so concerned about this crisis? Which side of the science was right?

Josh Fisher is a producer at Retro Report, the non-profit news and documentary group that follows important events after the headlines fade. Their new video is “Fly Wars: Battling the Medfly.”


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