167: Mike Zani, How data science could boost your workforce

Welcome to Strategy Skills episode 262, an episode with a professor at Queensland University of Technology, Amanda Lotz.   In this episode, Amanda shares her insights as a media expert about Netflix’s recent announcement that they are introducing an ad-supported version of their streaming service. She spoke about the challenges that Netflix may face as it goes down the advertising route. Amanda discussed the pros and cons of a subscription-based model versus an advertisement-based model and what it will be for Netflix as it launches its new strategy.   Amanda Lotz is a media scholar, professor, and industry consultant. Her expertise includes media industries, digital distribution, the future of television, the business of media, and net neutrality.    Amanda leads the Transforming Media Industries research project in the Digital Media Research Centre at Queensland University of Technology. She is the author, coauthor, or editor of eleven books that explore television and media industries, including Netflix and Streaming Video: The Business of Subscriber-Funded Video on Demand, Media Disrupted: Surviving Cannibals, Pirates and Streaming Wars, We Now Disrupt This Broadcast: How Cable Transformed Television and the Internet Revolutionized It All, The Television Will Be Revolutionized, and Portals: A Treatise on Internet-Distributed Television.    Her most recent books explore the connections between internet-distributed services such as Netflix and the legacy television industry, as well as the business strategies and revenue models that differ. Her award-winning book, The Television Will Be Revolutionized, now in its second edition, has been translated into Mandarin, Korean, Italian, and Polish. She is frequently interviewed by NPR’s Marketplace, has appeared on BBC, CNN's The Nineties, HuffPost Live, and ZDF (German television network), and has been interviewed for articles in the Los Angeles Times, The Guardian, The Atlantic, Christian Science Monitor, the Associated Press, Wired, and Men’s Health among many others. She publishes articles about the business of television at Quartz, Salon, The New Republic, hosts the Media Business Matters podcast, and tweets about television and media @DrTVLotz.   Enjoying our podcast? Get access to sample advanced training episodes here: www.firmsconsulting.com/promo

25 Jul 202251min

Welcome to Strategy Skills episode 261, an episode with the Blue and Gold Distinguished Professor of Energy and the Environment at the University of Delaware, Saleem Ali. Get Ali’s book here: https://amzn.to/3aOWwie   In this conversation, we discussed numerous examples of major problems around the world, from the resources industry, environmental conflicts, culture, and the system of order and control of many organizations, and how these issues come down to the need for literacy and proper education.    Environmental awareness is present today, however, we are lacking science or environmental literacy. Education is not an elite enterprise and someone even without formal education can be a citizen scientist who is seeing and observing the world and continuously gaining much more depth of knowledge and understanding to contribute to solving the problems of the world.    Prof. Ali previously served as chair in Sustainable Resource Development and professor of sustainability science and policy at University of Queensland in Australia. He also was a professor of environmental studies at the University of Vermont's Rubenstein School of Natural Resources and founding director of the Institute for Environmental Diplomacy and Security. He was also formerly on the adjunct faculty of Brown University’s Watson Institute for International Studies and the visiting faculty for the United Nations mandated University for Peace (Costa Rica).   Prof. Ali's primary research interests have been in the causes and consequences of environmental conflicts in the mineral sector, and the process of using ecological factors to promote peace. Some of Prof. Ali’s former research appointments include a visiting fellowship at the Brookings Institution's research center in Doha, Qatar; a Public Policy Fellowship at Griffith University in Brisbane, Australia; a Baker Foundation Research Fellowship at Harvard Business School; and a parliamentary internship at the U.K. House of Commons. He has teaching experience in courses on environmental planning, conflict resolution, industrial ecology, research methods, and technical writing.   Before embarking on an academic career, Prof. Ali worked as an environmental health and safety professional at General Electric, an Associate at the Boston-based consulting firm Industrial Economics Inc., as well as a consultant for the U.S. Environmental Protection Agency, U.S. Fish and Wildlife Service and Health Canada.   Prof. Ali is a citizen of the United States of America by birth; Pakistan by parental lineage; and Australian by naturalization. He received his doctorate in Environmental Planning from the Massachusetts Institute of Technology (MIT), an M.E.S. in environmental law and policy from Yale University, and his Bachelors in Chemistry from Tufts University.   Get Ali’s Book here: Earthly Order: How Natural Laws Define Human Life. Saleem Ali. https://amzn.to/3aOWwie   Enjoying our podcast? Get access to sample advanced training episodes here: www.firmsconsulting.com/promo

20 Jul 202252min

Welcome to Strategy Skills episode 260, an episode with bestselling author, keynote speaker, workplace expert, and resilience researcher, Adam Markel. Get Adam's Book here: https://amzn.to/3PwE6l6   In this episode, Adam speaks about how he reinvented his career path through valuable lessons and eye-opening life events. He shares his experience as a Jones Beach lifeguard in New York. As a first responder in a life-and-death environment, he learned the importance of cultivating a high-performance capacity and impeccable teamwork. He learned to never let anyone go under the water, not to quit, and to keep going no matter what the conditions were. Years later, after experiencing a panic attack due to stress and exhaustion, he was reminded of another important lesson that he learned at the beach: the importance of taking intermittent breaks. Rest, recover, and recuperate, or you cannot perform well.   Lots of people think of resilience as getting up after taking a blow, moving forward after getting knocked down, and bouncing back from setbacks. Resilience is more than that. As Adam mentioned in this episode, “Resilience is not about how we bounce back. It's actually about how we bounce forward. It's not about how we endure life's challenges, adversities, and uncertainties. But actually how it is that we leverage that uncertainty for our growth.”   Adam is the author of the #1 Wall Street Journal, USA Today, Los Angeles Times, and Publisher’s Weekly bestseller, Pivot: The Art & Science of Reinventing Your Career and Life. A leading international keynote speaker, he has reached tens of thousands worldwide with his message of resilience as the competitive edge in today’s complex markets. An attorney, entrepreneur, and transformational trainer, Adam is a sought-after business culture catalyst who inspires, empowers, and guides organizations and individuals to create sustainable, high-performance strategies.   Adam is also the CEO of More Love Media and host of The Change Proof podcast, where he shares his insights on pivoting and resilience in today's fast-paced market and interviews experts, innovators, and influencers in the areas of business and life.   Adam credits much of his success to the principles he learned during his eight years as a Jones Beach lifeguard in New York. He’s found that the principles of this type of culture and leadership equally apply to any business that wants to build a competitive advantage to win.   After building a multi-million-dollar law firm, Adam pivoted his own career path to become CEO of one of the largest business and personal growth training companies in the world. Here he learned that motivation and inspiration alone are not enough to effectively utilize change. It's about providing leaders, teams, and audiences with effective takeaways to sustain them over time.   Get Adam’s Book here: Change Proof: Leveraging the Power of Uncertainty to Build Long-Term Resilience. Adam Markel. https://amzn.to/3PwE6l6   Enjoying our podcast? Get access to sample advanced training episodes here: www.firmsconsulting.com/promo

18 Jul 20221h 9min

For this episode, let's revisit the 47th podcast on the Corporate Strategy & Transformation study. As I mentioned in previous posts, the reason we spend so much time on visioning workshop is because if you ever take a senior role in strategy in any company, or if you ever serve as a corporate strategy consultant, running a visioning workshop or corporate strategy workshop, in general, is the skill you must have. And scenario planning is something used extensively in visioning workshops. In this podcast and related article, we discuss what is scenario planning and how to run a scenario planning session during a visioning workshop as part of a consulting engagement. There is also a very elegant way to combine corporate finance and corporate strategy to help companies develop effective strategies under extreme uncertainty. Click here to see the full study and here to see the merger study and market entry study. Enjoying our podcast? Get access to sample advanced training episodes here: www.firmsconsulting.com/promo

13 Jul 202214min

For this episode, let's revisit the 42nd podcast on the Corporate Strategy & Transformation study. What I noticed on this, and other studies is that the associates and business analysts are very competitive, in a way that is damaging to clients, to the firm and to their own careers. I am fine with consultants being competitive but I think they go about it the wrong way. You can be competitive and work long hours but you should not seem to be competitive when you are working long hours. I am not saying don't work long hours. Yet, don't make it sound like you are competitive and that is why you are working long hours. Cause and effect matters. If you work hard to be competitive, people see you as someone who is working hard only because you want to get promoted and only because you want to stand out from everyone else. These consultants tend to be so obsessed with telling people how committed they are that they are moving away from the objective of getting the right work done. No one likes someone who is competitive for the sake of being competitive. Because this is just wasted energy. If you are being competitive for the sake of being competitive, versus focusing on the client and working hard to solve a problem resulting in the by-product of you being competitive, you are basically just wasting valuable time that you could use much more productively. If people just think you are competing with them they don't want to help you, they don't want to work with you. Yet, if they see you as someone who is like them but for whatever reason needs to work harder because the client needs it they tend to like you more. They tend to relate to you better. And that dynamic becomes good for your career. In this podcast, we discuss in detail how to go about being competitive on consulting projects while projecting the proper image and maintaining the right mindset to deliver the best value for the client and the firm. Click here to see the full study and here to see the merger study and market entry study. Enjoying our podcast? Get access to sample advanced training episodes here: www.firmsconsulting.com/promo

11 Jul 202214min

For this episode, let's revisit a Strategy Skills classic where we will talk about general professional values or etiquette that consultants should apply during an engagement. We specifically discuss things that consultants sometimes do on studies that may alienate the client. And rather than talking about every single thing you need to avoid, we will talk about some principles. And these principles apply across every issue. We also discuss how to address a situation where a consultant’s behavior is incompatible with the firm’s professional values. Click here to see the full study and here to see the merger study and market entry study. Enjoying our podcast? Get access to sample advanced training episodes here: www.firmsconsulting.com/promo

6 Jul 202216min

Welcome to Strategy Skills episode 256, an episode with an expert in business law and business ethics, J.S. Nelson. Get J.S’s book here: https://amzn.to/3ny1z9B Managing business ethics has always been a challenge for many organizations. As unethical business conduct rises, the struggle of implementing ethics and compliance programs in organizations also increases. Business ethics can make or break your business or career. But it can be used as a competitive advantage if managed correctly and can build the most valuable asset: your reputation. The key is to articulate your organization's values – defining who you are, what you stand for, and extending it toward every inch of your organization. It’s very important for management to cultivate a culture of openness, where people feel safe to speak up and where ethical misconduct is not tolerated. As J.S. mentioned in this episode, “the way to get the behavior that you want is to intervene early and often.” In this episode, J.S speaks about the value of business ethics, the major schools of philosophical ethical thought, and how understanding it can help people become better at being ethical. She discusses the ways an organization can cultivate ethical behavior and how to get away from situations involving ethical traps in the modern business world.  Nelson is an expert in business law and business ethics. She is a visiting professor at Harvard Business School. Nelson was the first tenure-track appointment in a U.S. law school, specifically to teach business ethics and to develop law-school curricula around the subject. Nelson has spent nearly fifteen years teaching at top universities across the country, including Villanova Law School, the Stanford Graduate School of Business, Haas Business School of the University of California at Berkeley, Drucker School at Claremont Graduate University, and the Mihaylo School at Cal State Fullerton. Prior to her work in academia, Professor Nelson served as staff counsel for the U.S. Court of Appeals for the Tenth Circuit, and she clerked for the Honorable David M. Ebel of the U.S. Court of Appeals for the Tenth Circuit and the Honorable William H. Yohn Jr. of the U.S. District Court for the Eastern District of Pennsylvania. She also worked as a deputy district attorney and as a business litigator in Denver, Colorado. Nelson graduated from Harvard Law School, where she was the Supreme Court Co-Chair of the Harvard Law Review. She earned a Bachelor of Arts in Political Science with honors and distinction in the major from Yale. Get J.S’s book here: Business Ethics: What Everyone Needs to Know, J.S. Nelson & Lynn A. Stout: https://amzn.to/3ny1z9B Enjoying our podcast? Get access to sample advanced training episodes here: www.firmsconsulting.com/promo

4 Jul 20221h 21min

Welcome to Strategy Skills episode 255, an episode with the CEO and managing partner at Velocity Group, Edward Sullivan. Get Edward’s book here: https://amzn.to/3HT2Hy4 In this episode, Edward discussed the best practices that leaders and companies do to address mental health issues and the real cause of the great resignation. He spoke about the gravity of work-life balance, care, and understanding as part of an employee retention strategy.  For decades, we have avoided discussing the topic of mental health around the workplace. It was considered a weakness and could greatly derail one’s career. We operated under the assumption of manifesting the “executive presence,” which covertly added up to pressure and stress on the employees.  As companies have responded to the challenges brought by Covid in recent years, they are learning to consider mental health as a common issue in the workplace and taking employees’ well-being in a serious manner. The great resignation caused a stir in how companies view and treat their employees. As Edward mentioned in this episode, “employees are not leaving in the great resignation because of company benefits, they are fleeing from toxic work cultures.” Edward Sullivan holds an MBA from the Wharton School and an MPA from the Harvard Kennedy School. His 25-year career as an executive coach and political consultant has taken him around the globe coaching and advising start-up founders, Fortune 500 executives, and heads of state of foreign nations. His work has been featured in the New York Times, The Washington Post, Forbes, Fast Company, USA Today, and Nasdaq, among others. Get Edward’s book here: Leading with Heart: 5 Conversations That Unlock Creativity, Purpose, and Results, Edward Sullivan and John Baird: https://amzn.to/3HT2Hy4 Enjoying our podcast? Get access to sample advanced training episodes here: www.firmsconsulting.com/promo

29 Jun 202241min