Explorez tous les épisodes du podcast Business & Society with Senthil Nathan
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#13 In Troubled Waters? Profit and Pollution on the High Seas with Olive Heffernan
20 Nov 2024
00:41:39
Discover the untamed expanse of our planet's high seas with Dr. Olive Heffernan, a distinguished science journalist and author, as she navigates through her latest work, "The High Seas: Ambition, Power, and Greed on the Unclaimed Ocean" Dr. Heffernan’s unique perspective, fueled by her upbringing in the coastal town of Dun Laoghaire, Ireland, and her transition from fishery scientist to authoritative voice in science journalism, promises to immerse you in the legal and ecological intricacies of these international waters. With half of the Earth's surface and a staggering 95% of its living space encompassed by the high seas, we uncover the pressing need to redefine resource ownership and management in this vast and largely ungoverned domain.
Plunge into the murky waters of the global fishing and mining industries where labor abuses and ecological threats loom large. The tales of exploitation and illegal activities on fishing vessels reveal a grim reality, while the contentious practice of deep-sea mining poses a difficult dilemma: can we reconcile the demand for critical minerals for green technologies with the preservation of fragile ocean environments? Dr. Heffernan shares thought-provoking insights into the challenges and potential solutions for these industries, highlighting the broader implications for our planet and society.
We also explore ambitious initiatives aimed at harnessing the ocean’s potential in combating climate change. From the cultivation of seaweed to the distribution of iron dust, and even the deployment of olivine rock for carbon capture, the conversation takes a critical look at the prospects and pitfalls of enhancing ocean carbon sequestration. Finally, we turn the spotlight on ocean-based literature with a discussion of Richard Powers' novel "Playground," which eloquently captures the environmental struggles of island communities. Join us for this compelling journey into the heart of oceanic challenges and storytelling.
#12 In Business We Trust - Lessons from The Edelman Trust Barometer with David Bersoff
07 Nov 2024
00:45:01
Discover why businesses are taking the lead in societal trust, with David Bersoff from the Edelman Trust Institute sharing insights from their latest Trust Barometer Report. You'll learn why companies now outscore governments, media, and NGOs in trust ratings and how they are stepping up to address global challenges where traditional institutions fall short. We tackle the complexities behind these trust metrics and explore the evolving expectations placed on businesses to champion social issues.
Join us as we dissect how the type of business and its origin influence public perception. Family-owned enterprises and small businesses tend to garner more trust compared to their larger counterparts, often tied to the personal accountability that comes with a family name. The discussion also navigates the impact of geopolitical factors and national stereotypes on a company's trustworthiness, and the increasing demand for business-government collaborations to drive innovation and build robust partnerships.
Engage with our conversation on the strategic engagement of brands in societal issues, focusing on aligning actions with core values and stakeholder expectations. Hear how some brand decisions, like those from Bud Light and Natura, illustrate the fine line between successful and unsuccessful stances on social matters. We also delve into the personal growth lessons that can be drawn from professional setbacks, stressing the importance of resilience and reciprocal trust in nurturing lasting business relationships.
#3 Beans to Brews: Navigating Coffee Supply Chains and Sustainability with Carl Cervone
18 Jun 2024
00:32:07
Sustainability in the coffee industry is more complicated than it seems. Join us as we uncover coffee supply chains with Carl Cervone, a leading authority on coffee sustainability. From the unique perishability of freshly harvested beans to the long-lasting nature of processed green coffee, Carl takes us through the journey of coffee from farm to cup. Learn about the significant impact of smallholder farmers and understand the economic landscape they navigate.
We touch on the key sustainability risks in coffee supply chains, the progress, and stringent European regulations such as EUDR and CSDDD, which, while aiming to curb deforestation, could paradoxically worsen economic conditions for small-scale producers.
Discover how technology and digitalization could help bridge the gap between traditional farming practices and modern advancements, providing new opportunities for connectivity and innovation. We delve into the challenges and benefits of digitalization, from geomapping technologies to data ownership and interoperability.
Carl shares his perspective on the importance of being open to diverse perspectives and acknowledging and learning from failures. His recommended skills for social entrepreneurs and a book that influenced his recent thinking will inspire many. This episode is packed with actionable insights and practical advice, making it a must-listen for anyone interested in coffee supply chain sustainability.
#2 Who's Embracing Sustainability? - Exploring Sustainable Consumers and Corporate Sustainability Leaders with Chris Coulter
05 Jun 2024
00:41:35
Ever wonder how corporate sustainability has evolved from a fringe concept to a core business strategy? Join me as I engage in a compelling conversation with Chris Coulter, Chief Executive of GlobeScan. Chris takes us through the transformative journey from the foundational 1987 Brundtland Report to groundbreaking initiatives like Marks and Spencer's Plan A and Unilever's Sustainable Living Plan. Chris provides an insider's perspective on how companies have transitioned from merely minimising harm to actively creating value, aligning with environmental and social values in today’s purpose-driven business era.
In this episode, we delve into the complex dynamics of sustainable value creation, addressing the significant challenges businesses encounter in balancing immediate shareholder returns with long-term sustainability goals. We examine the growing anti-ESG sentiments and the crucial role of robust internal commitment and supportive policy environments. Chris and I explore the impact of global crises like COVID-19 and inflation on consumer behaviour and climate awareness, underlining the importance of consistent messaging to drive sustainable consumption. Tune in to gain practical insights into the future of corporate sustainability and discover how businesses can effectively engage stakeholders in their sustainability journey.
#1 Profit with Purpose - Unpacking the Rise of Socially Responsible Business with Jeffrey Sachs
10 May 2024
00:55:27
Embark on a journey of discovery with Professor Jeffrey Sachs, a luminary in the realm of sustainable development, as we discuss the transformative role businesses must adopt in our rapidly changing world. This podcast delves into the necessity for companies to transcend their traditional profit-centric paradigms and wholeheartedly embrace social equity, environmental preservation, and global collaboration. Sachs eloquently challenges the dated Milton Friedman doctrine, advocating for a corporate accountability that extends well beyond the bottom line and into the heart of societal welfare and planetary health.
As we traverse the nuanced landscape of the Sustainable Development Goals (SDGs), Professor Sachs sheds light on the intricate relationship between these global aims and the private sector's potential to foster change. From confronting the criticism of 'woke capitalism' to addressing the sly tactics of greenwashing, we uncover the authentic vision of business practices that genuinely contribute to our collective goal of sustainable progress. It's a revelation of how forward-thinking companies can support fundamental initiatives, such as educational advancement in less affluent nations and the conservation of our precious marine life.
Concluding our enriching exchange, we explore the profound intersection of sustainable advancement and spiritual wisdom, tapping into the moral and intellectual virtues that underpin both the individual's growth and society's advancement. Professor Sachs's insights inspire us to consider the ethical imperatives that guide our behavior and the significance of personal development in crafting a harmonious global community. This is more than a conversation; it's an invitation to engage in the ongoing discourse on the critical role of business in shaping a future that we can all be proud of.
Additional inspirations from Professor Jeffrey Sachs: •Book Club with Jeffrey Sachs : Apple - https://podcasts.apple.com/in/podcast/book-club-with-jeffrey-sachs/id1555300202 Spotify - https://open.spotify.com/show/2PtBgoV7nNBPjQFzAGuIjH?si=387ddb8985fd420f
Welcome to the Business and Society Podcast, where we discuss the role of business in society with influential thinkers.
We are a monthly podcast, launching our inaugural episode on the 14th of May, 2024. Please don’t forget to subscribe to the show on Spotify and Apple. See you soon!
#11 Corporate Sustainability: Rethinking Responsibility and Impact with Auden Schendler
17 Oct 2024
00:27:31
Can global brands really lead the charge against climate change, or are they just playing a part in a much bigger distraction? Join us in a thought-provoking conversation with Auden Schendler, Senior Vice President of Sustainability at Aspen Skiing Company, as he pulls back the curtain on corporate sustainability efforts. With a bold critique, Auden challenges the traditional focus on individual carbon footprints, arguing it often distracts from the systemic changes necessary to dismantle the fossil fuel economy. Through his own journey from various humble jobs to a pioneering role in sustainability, Auden shares his experience in transforming a coal-powered utility into a clean energy success story, emphasizing the urgent need for businesses to prioritize sweeping systemic shifts over voluntary eco-friendly gestures.
The conversation doesn't stop at environmental issues alone. We delve into the vital intersection of climate change, corporate responsibility, and social justice, exploring how businesses can transcend mere economic interests in favor of ethical imperatives. Auden makes a compelling case for merging climate and equity movements, envisioning a more inclusive path forward. Amidst global polarization, he remains optimistic about the future, underscoring that structural political challenges are surmountable. With insights from his upcoming book "Terrible Beauty," Auden paints a hopeful picture of businesses adopting a values-driven approach, fostering lasting social and environmental impact beyond the bottom line.
More inspirations from Auden... https://audenschendler.com/ Link to his latest book, Terrible Beauty: Reckoning with Climate Complicity and Rediscovering Our Soul. https://a.co/d/1RKMeUh
#10 Demystifying ESG - Sustainability and Investor Value with Todd Cort
03 Oct 2024
00:37:55
Unlock the secrets of ESG and sustainability investing with Professor Todd Cort from the Yale School of Management. Explore the nuanced differences between ESG investing, impact investing, and corporate sustainability efforts, and understand how they cater to various stakeholder concerns and investor motivations. This episode promises to clarify how corporate sustainability impacts stakeholders like customers and employees, while ESG investing focuses on the financial materiality of environmental, social, and governance factors for investors.
This episode breaks down the empirical evidence linking ESG performance to financial success, referencing comprehensive meta-analytic studies. We explore the world of ESG ratings with agencies like MSCI and Sustainalytics and understand the complexities and criticisms they face. We also get practical advice on identifying the most financially material ESG risks for your investment portfolio and explain why the performance of ESG-labeled funds remains an area of ongoing scrutiny.
Lastly, we delve into the significance of investment fund labels and what they mean for retail investors. Navigate through the financial materiality of pressing ESG topics like climate change, biodiversity, and DEI, and learn how to handle conflicting views in the ESG space.
Todd also recommends essential reads such as "Net Positive" and "Beaverland" to equip aspiring sustainable business leaders with the knowledge they need. This episode is packed with valuable insights to help you align your investments with your values and understand the skills needed for leading in today’s evolving business landscape.
#9 Changing Minds - How to Harness Behavioural Science for a Sustainable Future with Liam Smith
16 Sep 2024
00:25:38
Unlock the secrets of sustainable development through the lens of behavioural science with our special guest, Liam Smith, Director of BehaviourWorks Australia. Discover how understanding human behaviour can accelerate progress towards the Sustainable Development Goals (SDGs) and the role of incentives in driving change. From the highs and lows of solar panel adoption to the balance between financial motivations and intrinsic environmental values, this episode offers compelling insights into how behavioural science intersects with policy and private sector initiatives.
We also tackle some hard-hitting ethical questions that sustainability leaders face, such as the legitimacy of influencing others' behaviours and the boundaries of ethical tools used in these efforts. Real-world examples, like using a fictitious photographer at Port Campbell National Park, shed light on the delicate moral terrain. Finally, we explore the dual impact of social media on societal movements and the significant behavioural shifts post-COVID-19, emphasizing resilience and pragmatism in the face of global challenges. Tune in for a thought-provoking conversation that could transform your understanding of sustainable development.
More inspirations from Liam Smith: Link to the latest book he edited: https://publishing.monash.edu/product/inspiring-change/ MOOC-Changing Behaviours for Sustainable Development: https://www.behaviourworksaustralia.org/blog/this-is-massive-open-online-and-about-change
#8 Debunking the Big Myth - Free-Market Radicalism, Governance, and Sustainability with Naomi Oreskes
03 Sep 2024
00:42:22
Discover how deeply entrenched beliefs in the free market's supremacy have shaped our society, often to our detriment. Today, we sit down with Professor Naomi Oreskes to discuss her latest book, "The Big Myth: How American Business Taught Us to Loathe Government and Love the Free Market," where she unravels the historical and contemporary implications of this ideology. From climate change to the opioid crisis, Naomi explains why understanding the balance between market strengths and the necessity of effective governance is crucial for future business leaders.
We journey back to the economic debates of the 1930s and 40s, exploring Keynesian economics versus the Austrian School led by Ludwig von Mises and Friedrich von Hayek. Naomi sheds light on how American business leaders initially failed to overturn New Deal policies, only to find their arguments gaining traction in the economically turbulent 1970s. This sets the stage for Milton Friedman's influential ideas and sparks ongoing debates about government's role in markets.
As we look to the future, Naomi delves into contemporary issues like corporate sustainability, the fossil fuel industry's impact on climate research, and the ethical complexities of AI technology. Her insights on corporate social responsibility call for a return to community-focused business practices. Concluding with a reflection on ethical leadership and the shift away from shareholder value maximization, this episode is a must-listen for anyone invested in the intersection of business, governance, and societal well-being. Join us for a thought-provoking conversation that challenges conventional wisdom and advocates for a more balanced and socially responsible economic system.
#7 Not Just Economics: How to Build a Just Economy with Nick Romeo
20 Aug 2024
00:31:46
In this episode, Nick Romeo, a journalist and an author, discusses some of the ideas from his recent book, The Alternative: How to Build a Just Economy. He discusses widening wealth inequality and the climate crisis and argues that these are urgent challenges with existing global solutions. He emphasizes that policy choices, not natural laws, shape economic systems and critiques business models relying on underpaid workers, advocating for fair wages and worker well-being as measures of success.
Nick highlights the importance of aligning economic systems with societal values, noting that many progressive policies have broad support. He also discusses "true pricing," which includes products' environmental and social costs, suggesting a gradual implementation for essentials like fuel to avoid unrest.
He argues that political choices and calls for effective regulation inherently shape markets. While acknowledging the successes of free-market economics in emerging economies, Nick questions whether these gains could be achieved without the associated negative impacts.
Nick critiques billionaire philanthropy, questioning the morality of wealth accumulation that exacerbates societal problems and calling for a reassessment of how wealth is generated and distributed.
Tune in for a rich dialogue that challenges conventional wisdom and proposes a more equitable and sustainable future with the potential for positive change.
More inspirations from Nick Romeo: Link to his book: https://www.amazon.com.au/dp/1541701593?ref_=mr_referred_us_au_au New Yorker Articles: https://www.newyorker.com/contributors/nick-romeo Website: https://www.nickromeowriter.com/
#6 Sustainability = Profit? Bridging sustainability strategies and financial performance with Tensie Whelan
06 Aug 2024
00:27:45
Can embedding sustainability into your business strategy really boost your bottom line? Join us as Tensie Whelan, an expert in sustainable business practices, reveals how the Return on Sustainability Investment (ROSI) framework can drive financial performance through operational efficiency, innovation, and risk mitigation. She shares compelling examples from the apparel and automotive sectors, demonstrating that genuine commitment to environmental and social issues isn't just good for the planet—it's good for business. This episode delves into whether we've reached peak ESG and why material issues remain critical for long-term competitive advantage.
Why aren't businesses measuring the impact of their sustainability efforts, and how can they start? Tensie tackles this paradox by highlighting the shortcomings of current accounting systems and the necessity of showcasing financial returns within a capitalist framework. We explore powerful case studies from industries like automotive and pulp and paper, illustrating the significant financial gains achievable through sustainable practices. Dive into the substantial benefits within supply chains, consumer trends favoring sustainably marketed products, and effective messaging that resonates across political divides. From sustainable sourcing to the importance of certifications, discover how to make a compelling business case for sustainability investments.
#5 Warming Up: How businesses should respond to climate change with Jonatan Pinkse
17 Jul 2024
00:31:40
In Warming Up: How Businesses Should Respond to Climate Change, Professor Jonatan Pinkse discusses the challenges in green transition and the culture war at our doorstep.
Why are some businesses reluctant to come aboard the green transition? Why is ESG facing pushback? How is the push for green transition helping the rise of the political right?
Pinkse, professor of sustainable business at King's Business School (London), presents the business case for sustainability and explains why it is weaker now and why businesses are tip-toeing on sustainability today despite ESG becoming mainstream.
System transformation calls for focusing on people, not just technology. Pinkse shares his research on developing a workforce for the green transition and illustrates, with everyday examples, the challenges of reskilling.
Be it sustainability or differences in academic life, Pinkse favors a pragmatic approach that recognizes hard realities and avoids disappointment from utopian ideas.
#4 The Difficulty of Being Good: How to build purpose-driven ventures in competitive markets with Matt Morrison
03 Jul 2024
00:29:25
Get ready to challenge your preconceptions about business and sustainability with our latest episode featuring Matt Morrison, co-founder of All Good Bananas and Karma Drinks. Learn how Matt and his team turned the hyper-competitive industries of bananas and soft drinks into platforms for good, emphasizing ethical practices and sustainable supply chains. Discover how their mission to be beneficial for both growers and the land has attracted a dedicated consumer base, proving that purpose-driven businesses can thrive even against industry giants.
Listen as we uncover the intricate balance between profit and purpose, navigating through the unprecedented challenges of the Covid-19 pandemic. Matt shares invaluable insights on transparent communication with consumers, managing compromises without losing sight of the mission, and the indispensable role of investor support. Hear about the relentless focus on product quality and the behind-the-scenes efforts to maintain sustainable supply chains, ensuring ethical practices from farm to table. This episode is packed with lessons on building trust and loyalty even during the toughest times.
Finally, be inspired by the bold strategies that led to All Good’s breakthrough in New Zealand, from importing massive quantities of bananas without secured buyers to gaining support from community groups. Matt’s stories of persistence and community-building offer practical takeaways for entrepreneurs looking to integrate purpose with commercial success. Don’t miss out on Matt’s recommended readings and captivating anecdotes that provide a fresh perspective on running a purpose-driven business. Tune in and join the conversation on how to align business with ethics and sustainability.
Link to All Good website - https://all-good.co.nz/ Link to Karma Drinks website - https://karmadrinks.co.nz/
#25 Rethinking Management Education: From Shareholders to Society with Andrew Hoffman
10 Jun 2025
01:00:11
What happens when business schools continue teaching the same shareholder capitalism model that's driving our planet toward environmental collapse and social inequality? Professor Andy Hoffman, holding joint appointments at University of Michigan's Ross School of Business and School for Environment and Sustainability, takes us on a profound journey examining the broken state of business education and its potential for transformation.
Business schools were originally conceived to teach commerce leaders to serve society—similar to how we train doctors for the public good. But today's curriculum focuses narrowly on maximizing shareholder returns while merely adding elective sustainability courses that fail to address fundamental issues. Professor Hoffman challenges this approach, arguing that business education must evolve to prepare students not just for financial success but for meaningful careers addressing our most pressing challenges.
The most powerful insight from our conversation comes when Professor Hoffman asks what legacy today's business leaders want to leave. Will your obituary celebrate your contribution to society or simply your accumulation of wealth? This question crystallizes why business education matters so deeply. Students increasingly seek purpose, not just profit, and business schools must rise to meet this changing mindset.
Professor Hoffman's multidisciplinary perspective reveals how true innovation happens at the intersection of fields—not within siloed business disciplines. He encourages students to break free from prescribed paths, designing their own education by attending lectures outside their departments, organizing conferences, and pursuing independent studies. The market, Professor Hoffman reminds us, is the most powerful orienting force on Earth. By redirecting it toward addressing climate change and inequality, we unlock its transformative potential.
Ready to rethink how business can serve society? Listen now and discover how your career might contribute to solving our greatest challenges rather than perpetuating them. What kind of leader will you choose to become?
#24 The Hidden Chains: Modern Slavery in Global Supply Chains with Justine Nolan
27 May 2025
00:36:24
Hidden beneath the glossy surface of our global economy lurks a devastating reality: 40 million people trapped in modern slavery. In this eye-opening conversation, Professor Justine Nolan, Director of the Australian Human Rights Institute, reveals the complex web of exploitation that permeates supply chains across industries.
Modern slavery isn't a relic of history—it's a present-day crisis hiding in plain sight. Justine expertly unpacks how today's slavery manifests through psychological coercion, deceptive recruitment, and economic vulnerability rather than physical chains. From agricultural fields to electronics factories, she traces how workers become ensnared in systems they never chose and cannot escape.
What makes this conversation particularly compelling is the examination of modern slavery from multiple perspectives. We explore how profit-maximizing pressure from corporations meets desperate economic circumstances on the ground, creating perfect conditions for exploitation. Justine doesn't just identify problems—she evaluates regulatory approaches worldwide, from disclosure-focused laws in the UK and Australia to more comprehensive due diligence requirements emerging in Europe.
The most powerful insights come when discussing solutions. Beyond legal compliance, truly addressing modern slavery requires companies to engage meaningfully with stakeholders, examine how their business models might perpetuate exploitation, and embrace empathy as a business skill rather than a weakness. Justine's recommendation of "Conscience Incorporated" by Michael Posner provides listeners with a roadmap for aligning profits with principles.
Whether you're a business leader, conscious consumer, or human rights advocate, this conversation will transform how you view the products you purchase and the companies you support. Listen now to understand your connection to one of today's most urgent human rights challenges.
#15 The Enlightened Capitalists - Exploring Virtuous Leadership in Business with James O'Toole
18 Dec 2024
00:47:18
Can business ethics and profitability coexist in harmony? Join us for a thought-provoking conversation with Professor James O'Toole, author of 17 books and a renowned expert in business ethics and leadership, as we explore the intricate relationship between principled leadership and financial success. Drawing from his acclaimed book, "The Enlightened Capitalists," Professor O'Toole shares stories of influential leaders like Jim Burke of Johnson & Johnson and Bill Gore of Gore-Tex, who have successfully navigated the challenges of merging ethical practices with business acumen. These leaders, often viewed as mavericks, demonstrate that strong ethical principles can indeed be a foundation for enduring success.
We tackle the pressing challenges facing Enlightened Capitalism today, delving into the enduring legacy of early pioneers and the modern rise of the B Corporation movement. As companies strive to balance profit with broader stakeholder accountability, Jim brings to light the cyclical nature of corporate social responsibility and the factors that complicate these endeavors. With insightful stories and reflections, we examine the optimism surrounding sustainable business models while acknowledging the relentless pressures from investors and the political climate that can stifle socially responsible initiatives.
Join us as we unpack the key principles of successful business leadership, drawing on historical shifts from socially conscious strategies to the profit-driven ideologies of the late 20th century. Through engaging narratives and practical examples, like the Mars Corporation's commitment to sustainability, we spotlight the qualities that define values-driven leadership. Learn from the authentic wisdom of diverse figures, including a conservative minister and an Irish Catholic, whose writings offer succinct, impactful guidance on integrating values into leadership—a lesson as relevant today as ever.
#14 Market Power: Competition, Consumer Welfare, and Society with Allan Fels
03 Dec 2024
00:34:15
Have you ever wondered how market competition affects societies? Join us as we explore this provocative idea with Professor Allan Fels, a towering figure in the sphere of competition law and regulation in Australia. As the inaugural chair of the Australian Competition and Consumer Commission, Allan has spent decades challenging powerful institutions to create a fairer market landscape. Together, we unravel his motivations and the broader impacts of competition—beyond mere price reduction, touching on innovation and dismantling political concerns tied to monopolies. Allan also provides a unique perspective on government-imposed restrictions and the unforeseen consequences these can have on market concentration.
We traverse the evolution of corporate concentration in Australia since the 1970s, revealing how macroeconomic factors like monetary and fiscal policy have played pivotal roles in shaping inflation and competition. Alongside Allan, we scrutinise common narratives from corporate leaders attributing rising prices to wage and input costs, and instead highlight the often-overlooked role of reduced competition. The discussion leads us into potential solutions for countering corporate power, particularly the importance of welcoming new market entrants in sectors such as retail groceries, airlines, and banking. Through compelling examples, we illuminate how increased competition can bring about not just lower prices, but a richer tapestry of consumer choices.
#23 Overwork: Redefining Success and Sanity with Brigid Schulte
13 May 2025
00:53:53
We're facing a crisis of overwork that's literally killing us. In this eye-opening conversation, award-winning journalist and author Brigid Schulte reveals how our toxic work culture has made overwork the norm, with devastating consequences for our health, happiness, and productivity.
Brigid traces the origins of our overwork epidemic to the 1980s when corporate priorities shifted toward shareholder value above all else. This transformation created what she calls "greedy work" - jobs that demand more and more of our time, attention, and energy. For knowledge workers, this manifests as a pressure to be constantly available and working excessive hours in one job. For the 44% of Americans in low-wage positions, overwork means juggling multiple jobs just to survive.
The most shocking revelation? Work itself has become the fifth leading cause of death in America. The psychosocial stressors of modern work - long hours, toxic management, and work-life conflict - contribute to both acute conditions like heart attacks and chronic illnesses like diabetes and cancer. Yet despite this health crisis, the myth persists that working longer hours makes us more productive.
Brigid demolishes this myth with compelling evidence showing that countries with shorter work weeks and better support systems match or exceed U.S. productivity. The problem isn't about working more; it's about focusing on what truly matters. She identifies three concentric circles of work: core value-creating work, work around the work (emails, meetings), and the performance of work (looking busy). In overwork cultures, we waste precious time in those outer rings.
The COVID pandemic proved flexible work is possible when leaders question assumptions. Organizations that successfully transform their work cultures share a common "success sequence": they pause to identify what truly matters, train managers to focus on outcomes rather than hours, and create systems that enable people to do their best work.
Isn't it time we stopped working ourselves to death? Listen now to discover how we can transform work to reclaim our lives, improve our health, and actually become more productive in the process.
#22 Women's Fight for Workplace Equality: What is the progress? with Naomi Cahn and June Carbone
24 Apr 2025
01:08:18
In a world where more women are entering the workforce than ever before, why does the gender wage gap persist so stubbornly? Our guests Naomi Cahn and June Carbone, legal scholars and co-authors of "Fair Shake: Women and the Fight to Build a Just Economy," reveal the hidden game being played in workplaces across the globe.
The conversation begins with Betty Dukes, a Walmart employee told "people like you don't become managers" - a story that eventually led to the largest class action lawsuit in U.S. history. From there, we dive into the concept of the "winner-takes-all economy," where CEOs earn hundreds of times more than average workers and the rules of success favor those willing to break rules without getting caught.
Women face what our guests call a "triple bind" in this system: they lose if they don't compete like men, face harsher punishment if they do compete like men, and are pushed out once they recognize the unfair game. Research reveals that environments rewarding hubris, narcissism, and risk-taking without accountability systematically disadvantage women - not because women can't take risks, but because the system rewards a particular kind of reckless risk-taking more commonly associated with men.
The most striking revelations come when our guests connect gender inequality to broader economic dysfunction. The same companies engaging in wage theft, earnings manipulation, and quality shortcuts are often those with the worst gender disparities. Meanwhile, research consistently shows that companies with gender-balanced leadership demonstrate better long-term performance and fewer instances of financial misconduct.
Whether examining how COVID-19 affected different groups of women, unpacking the myth of women's risk aversion, or exploring pathways toward change, this episode challenges conventional wisdom about gender in the workplace. The solution isn't for women to "lean in" harder - it's to transform a broken system that shortchanges everyone except those at the very top.
Ready to understand the real forces keeping women from workplace equality? This episode provides both the diagnosis and potential cures for one of our economy's most persistent problems. Subscribe, share, and join the conversation about building a more just economy for all.
#21 Relationships Over Resources: Why Human Ingenuity Drives Corporations in the 21st Century with John Kay
02 Apr 2025
00:41:39
Sir John Kay delivers a masterful analysis of how corporations have evolved from their industrial origins to today's knowledge-driven enterprises, revealing profound insights about the changing nature of business success.
Drawing on his distinguished career spanning academia, business, and finance, Kay traces the corporate journey from the industrial titans of the Gilded Age through the professionally managed firms of mid-20th century America to today's "hollow corporations" like Apple. His historical perspective illuminates the critical shift that occurred when businesses abandoned their focus on building excellent, enduring companies in favor of maximizing shareholder value—a shift Kay argues has been self-defeating.
The conversation explores fascinating case studies of once-dominant corporations that lost their way. General Electric, once America's most admired company under Jack Welch's "make the numbers" philosophy, has now broken itself apart. Boeing abandoned its culture of engineering excellence for financial metrics and suffered devastating consequences. ICI, Britain's industrial crown jewel, collapsed within 15 years of changing its mission statement from applying chemistry to creating shareholder value.
Kay argues persuasively that human relationships and ingenuity have superseded physical assets as the true drivers of modern business value. The smartphone exemplifies this transformation—a device replacing libraries, record players, and atlases in our palm. This shift demands rethinking how businesses operate and create value in an economy where capital intensity has diminished while financial influence has paradoxically increased.
For leaders navigating today's complex business landscape, Kay offers this wisdom: focus on building great products that customers value and creating organizations where employees proudly identify with the mission. The score—profit—will take care of itself. As we grapple with questions of corporate purpose, sustainability, and societal trust, Kay's insights provide a thoughtful roadmap for businesses seeking authentic, lasting success.
Link to John Kay's website: https://www.johnkay.com/
#20 The Monopoly Problem: How Market Power is Reshaping Our Economy with Matt Stoller
18 Mar 2025
00:49:51
Have you ever wondered why essential goods like baby formula, eggs, and lifesaving medications keep facing shortages? The answer lies in monopoly power—a force reshaping our world in ways both visible and hidden.
Matt Stoller, director of Research at the American Economic Liberties Project and author of "Goliath: The Hundred-Year War Between Monopoly Power and Democracy," joins us for a profound exploration of how concentrated economic power threatens not just markets but the systems that keep us alive. Drawing from his experiences working with the Financial Services Committee during the financial crisis and his popular monopoly-focused newsletter "Big," Stoller brings unique insights into this critical issue.
The conversation takes us through Boeing's transformation from industry gold standard to quality nightmare, revealing how consolidation destroys excellence when financial priorities overrule engineering expertise. We examine the global dimensions of market concentration, from tech giants to the surprising revelation that just two European companies control 90% of global chicken genetics. Stoller makes a compelling distinction between legitimate business success and empire-building, arguing that breaking up monopolies would actually unleash innovation by freeing talented people from corporate bureaucracy.
Perhaps most provocative is Stoller's critique of modern business culture, which has moved beyond cutting fat to slicing away "muscle and bone," leaving companies fundamentally unable to operate effectively. The path forward requires business leaders with the courage to invest in capacity and quality despite financial pressures—those who understand that breaking empires rather than building them creates both better products and higher profits.
Whether you're concerned about economic inequality, business innovation, or simply why things don't work as well as they used to, this conversation will transform how you see the forces shaping our economic landscape. Subscribe now and join the conversation about monopoly power and its profound impact on our world.
#19 Navigating the New Sustainability Landscape: Insights for Business Leaders with Tim Mohin
03 Mar 2025
00:37:15
Corporate sustainability is more than just a trend—it's an essential element of modern business strategy. In this episode, we sit down with Tim Mohin, a seasoned leader in climate and sustainability, to navigate the intricate relationship between corporate responsibility and the dynamic market environment. We discuss how today’s corporate leaders must balance shareholder interests, regulatory pressures, and evolving consumer expectations.
As Tim shares insights from his extensive experience in diverse sectors, he sheds light on the crucial role of corporate values in driving sustainability. We explore the significant challenges companies face in articulating their purpose and the importance of engaging stakeholders effectively. With pressing questions about regulation and competitiveness, Tim provides clarity on how businesses can thrive under scrutiny and shifting political climates.
Moreover, the conversation delves into the future of global supply chains and the challenges of adapting to new realities within a highly interconnected economy. Tim's expert commentary guides listeners through the complexities of creating value—not just for shareholders, but for society at large.
Join us as we unpack the vital themes of sustainability and responsibility, empowering you to make informed decisions within your organization. Don't miss this enlightening episode, and be sure to subscribe and share your thoughts with us!
#18 Navigating 'The Age of Outrage': Leading in a World on Edge with Karthik Ramanna
18 Feb 2025
00:52:02
Professor Karthik Ramanna, a prominent authority on business-government relations and sustainable capitalism, joins us to unravel the themes from his compelling book, "The Age of Outrage: How to Lead in a Polarized World." Our conversation touches on his influential role as the inaugural director of Oxford's Blavatnik School of Government's Master of Public Policy program. Discover how his course on managing organizations in polarized times served as a springboard for his book, and how engaging with global leaders informed his perspective on leadership in tumultuous times. We navigate the multifaceted challenges of leadership and the societal fissures that threaten the fabric of modern governance.
We explore the unsettling forces of fear, historical injustices, and ideologies of othering that are reshaping our world and eroding the global enlightenment perspective. Delve into the concept of othering and its impact on politics, while understanding why a return to tribal instincts is more prevalent than ever. With trust in institutions waning, the need for temperate leadership that fosters empathy and altruism becomes crucial. Professor Ramana provides a nuanced analysis of how addressing peripheral issues around othering can restore societal harmony.
On the practical side, we discuss effective crisis management strategies, emphasizing the importance of establishing clear rules of engagement and maintaining composure under pressure. With insights from neuroscience and personal anecdotes, learn how simple practices like physical activity can help leaders manage emotions and positively influence others. Professor Ramana shares his thoughts on corporate social responsibility, navigating the delicate balance between business objectives and societal expectations. Concluding with valuable book recommendations, including Stephen Covey's "Seven Habits of Highly Effective People," this episode offers essential tools for personal growth and understanding interdependence in an increasingly polarized world.
#17 Beyond the Tag: Understanding the True Price with Michel Scholte
03 Feb 2025
00:45:47
Brace yourself for a paradigm shift in how we perceive pricing as we welcome Michel Scholte, co-founder of True Price and Impact Institute. Discover the groundbreaking concept of "True Price" that integrates social and environmental costs into everyday pricing, challenging current market norms. Michel shares his personal journey, deeply influenced by experiences of global poverty and inequality, and argues passionately for consumer-friendly systems that truly reflect the costs of goods and services while tackling the exploitation and environmental harm often overlooked in traditional pricing models.
Coffee lovers, take note—there's more to your cup than meets the eye. We unravel the hidden social and environmental costs embedded in the conventional coffee value chain, from child labor to carbon emissions, that often go unnoticed. Uncover how certification labels can sometimes mislead, and why consumer awareness is critical in addressing these broader societal and environmental issues. This exploration invites a rethinking of market systems to foster well-being for all, highlighting the importance of informed consumer choices.
Explore the transformative power of true pricing in business, showcasing how companies like Tony's Chocolonely are paving the way by incorporating societal costs into their pricing models. Understand the shared responsibility of consumers, businesses, and governments in creating a fairer market structure. We dive into how aligning prices with sustainability and human rights can revolutionize markets, emphasizing the role of fair trade and responsible pricing. Concluding with hope, we paint an optimistic picture of a future driven by ethical consumption and fair trade success stories.
#16 Chain of challenges: Inside the Global Supply Chains with Peter Goodman
14 Jan 2025
00:36:06
Discover the changing landscape of global supply chains with Peter Goodman, The New York Times' global economic correspondent. He sheds light on the seismic shifts in global supply chains and the vulnerabilities laid bare by the COVID-19 pandemic and geopolitical tensions. Uncover how the rise of economic nationalism and elite influence is reshaping trade and labour, turning the promise of liberalised trade on its head.
Peter's insights from his book, "How the World Ran Out of Everything: Inside the Global Supply Chain," guide us through the complex dance between globalisation, market concentration, and economic inequality. We discuss the unexpected consequences of long-standing policies and the fragility of supply chains optimised for efficiency over resilience. From the dominance of a few corporations to the role of domestic policy failures, Peter paints a picture of how monopolistic power and democratic process capture have moulded today's economic landscape.
As we gaze into the future, explore the transformations in global supply chains with a focus on nearshoring and reshoring. Understand the emerging roles of Vietnam, India, and Mexico as pivotal players in this evolving scene. Climate change's impact on supply chains demands attention, prompting businesses to rethink production proximity and resilience. Peter critiques strategies like just-in-time inventory, urging a reevaluation of corporate incentives and labour rights for a sustainable and equitable global trade future. Join us for this compelling conversation that dissects the past, present, and future of global trade dynamics.
#26 The Four-Day Workweek: Revolution or Risk? with Juliet B. Schor
02 Jul 2025
00:52:23
What if working less could actually mean achieving more? The four-day workweek has emerged from pandemic-era workplace experiments as perhaps the most promising innovation in how we structure our professional lives in decades. But misconceptions abound about what this shift really means and whether it's sustainable for businesses beyond a temporary feel-good measure.
Professor Juliet Schor, economist and sociologist at Boston College, joins us to share groundbreaking research from hundreds of companies that have implemented four-day workweeks without cutting pay. Her findings challenge everything we thought we knew about productivity, burnout, and work culture. Most companies aren't just compressing the same work into fewer days—they're fundamentally rethinking how work gets done.
The data tells a compelling story: 70% of employees report reduced burnout, while companies see dramatically lower turnover rates and maintained or improved productivity metrics. Perhaps most surprising is that 90% of organizations continue with four-day schedules a year after implementation. We explore the "100-80-100 model" (100% of pay for 80% of the time, delivering 100% of productivity) and how it creates what Professor Schor calls a "forcing function" that eliminates inefficient workplace practices many organizations have tolerated for decades.
From manufacturing floors to professional services, from startups to established institutions, the four-day workweek is proving viable across industries—though with important variations in implementation. We examine how companies make the transition, common pitfalls to avoid, and why Europe is leading this global movement. Professor Schor also addresses concerns about equity, sharing how shortened workweeks are actually improving gender equality at home and work.
As AI threatens to displace workers across industries, could reducing hours per job rather than eliminating positions be our best path forward? Join us for a fascinating exploration of how rethinking our relationship with work time might be the key to a more productive, sustainable, and humane future of work.