Business Talk

Business Talk

Welcome to Business Talk, your go-to podcast for the latest trends, insights, and thought-provoking discussions in the business world. Whether you're a business professional, entrepreneur, researcher, or academic, our episodes will challenge you to rethink conventional wisdom and inspire actionable ideas. Brought to you by Global Management Consultancy, we are committed to driving innovation and excellence in the business community. All content Copyrighted 2024 by Global Management Consultancy. For more information about our past and upcoming podcasts, please click here:https://www.deepakbbhatt.com/businesstalk

  1. From Merchants to Markets: The Untold Business History of India

    8 HRS AGO

    From Merchants to Markets: The Untold Business History of India

    Dr. Tirthankar Roy, Professor of Economic History at the London School of Economics and Political Science, joins us to share key insights from his acclaimed book, A Business History of India: Enterprise and the Emergence of Capitalism from 1700. In this illuminating episode of Business Talk, Prof. Tirthankar Roy, takes us on a sweeping 300-year journey through India's entrepreneurial past. Drawing from his acclaimed book, A Business History of India: Enterprise and the Emergence of Capitalism from 1700, Prof. Roy explores how Indian capitalism flourished despite scarce capital, powered by social networks, community trust, and geographic advantage. From the cotton trade boom in Bombay and the unique managing agency system pioneered by houses like Tata and Birla, to the transformative role of weak ties in enabling Jamshedji Tata's steel revolution, the conversation uncovers the deep historical roots of India's modern enterprise. Prof. Roy also offers a nuanced reading of the colonial era, challenges the popular "extraction" narrative, and explains how the 1990s liberalization was less a revolution and more a return to India's natural economic instincts, one built on the power of people, mobility, and global integration. This podcast is brought to you by Global Management Consultancy. For more information, please visit www.globalmanagementconsultancy.com. Disclaimer: A. The background music used in this video is the property of its respective developer and is protected by Copyright. Although it is a free version, Business Talk, Global Management Consultancy and Deepak Bhatt do not hold the rights to this music. B. Dr. Tirthankar Roy offered thoughtful perspectives from his acclaimed book, “A Business History of India: Enterprise and the Emergence of Capitalism from 1700”, in his conversation on the Business Talk podcast channel. The uploaded video contains copyrighted material; therefore, any modifications to graphics, music, or the presence of the author or host are strictly prohibited.

    43 min
  2. The Game Has Changed: New Rules of Negotiation | Prof. Max Bazerman

    3D AGO

    The Game Has Changed: New Rules of Negotiation | Prof. Max Bazerman

    In this insightful episode of the Business Talk Podcast, Dr. Max H. Bazerman, Jesse Isidor Straus Professor of Business Administration at Harvard Business School shares transformative lessons from his book, Negotiation: The Game Has Changed. Dr. Bazerman explores how sweeping shifts in the negotiation landscape from the rise of AI and Donald Trump's global trade policies to the dominance of virtual communication, are fundamentally redefining how we negotiate. He introduces the concept of "richness" in communication, highlighting how moving from in-person to digital interactions demands greater preparation, strategic pauses, and advance documentation. Yet, amid all this change, Dr. Bazerman affirms that timeless principles BATNA, reservation price, zone of possible agreement, and value creation, remain the bedrock of effective negotiation. He also challenges two of the most common negotiation mistakes: neglecting perspective-taking and falling into the trap of fixed-pie, zero-sum thinking. This podcast is brought to you by Global Management Consultancy. For more information, please visit www.globalmanagementconsultancy.com. Disclaimer: A. The background music used in this video is the property of its respective developer and is protected by Copyright. Although it is a free version, Business Talk, Global Management Consultancy and Deepak Bhatt do not hold the rights to this music. B. Dr. Max Bazerman offered thoughtful perspectives from his acclaimed book, “Negotiation: The Game Has Changed”, in his conversation on the Business Talk podcast channel. The uploaded video contains copyrighted material; therefore, any modifications to graphics, music, or the presence of the author or host are strictly prohibited.

    18 min
  3. How American Universities Can Transform College Through Innovation

    3D AGO

    How American Universities Can Transform College Through Innovation

    In this episode, Dr. Caroline Levander, Vice President for Global Strategy, Carlson Professor in the Humanities, and Professor of English at Rice University, shares transformative insights from her book Invent Ed: How an American Tradition of Innovation Can Transform College Today. Drawing on rich historical examples, including the story of Samuel Morse, a painter who built the first telegraph in his art studio, Dr. Levander makes a compelling case for cross-disciplinary thinking as the cornerstone of true innovation. She challenges universities to move beyond the proliferation of "innovation centers" and instead embed creative mindset-building into every aspect of undergraduate education, arguing that innovation is radically democratic and requires no major investment, only intention and commitment. With the World Economic Forum ranking creativity as the most in-demand skill across industries, Dr. Levander urges institutions to reverse-engineer their curricula around real-world industry challenges, ensuring students graduate not just with degrees, but with the problem-solving agility and intellectual courage demanded by an AI-driven world. This podcast is brought to you by Global Management Consultancy. For more information, please visit www.globalmanagementconsultancy.com. Disclaimer: A. The background music incorporated in this video is the intellectual property of its respective developer and is protected under applicable copyright laws. Notwithstanding that it is a free-to-use version, Business Talk, Global Management Consultancy, and Deepak Bhatt do not own, and expressly do not claim, any rights, title, or interest in or to this music. B. Dr. Caroline Levander shared insightful perspectives from her acclaimed book “Invent Ed: How an American Tradition of Innovation Can Transform College Today”, during her engaging conversation on the Business Talk podcast. The uploaded video contains copyrighted content, so changing any graphics, music, or on-screen appearance of the author or host is not allowed.

    31 min
  4. Why Inequality Persists - And What We Can Do About It | Paul Johnson

    6D AGO

    Why Inequality Persists - And What We Can Do About It | Paul Johnson

    In this episode of Business Talk, we are joined by Paul Johnson, Provost of The Queen's College, University of Oxford, for a thought-provoking conversation drawn from his acclaimed book, Challenging Inequalities: How We Got Stuck and Where We Go Next. With decades of expertise in economics and public policy, Paul unpacks why inequality - despite decades of awareness and policy intervention, continues to persist and deepen across societies. He examines the structural, political, and behavioral forces that keep inequality entrenched, and offers a candid assessment of where conventional approaches have fallen short. The discussion explores how income gaps, wealth concentration, and unequal access to education and opportunity are not inevitable outcomes, but the result of deliberate choices and how different choices can lead to different results. Paul also reflects on what meaningful, evidence-based reform could look like, and why building political and social will is as important as designing the right policies. This is a compelling conversation for anyone interested in economics, social justice, public policy, and the future of equitable societies. This podcast is brought to you by Global Management Consultancy. For more information, please visit www.globalmanagementconsultancy.com. Disclaimer: A. The background music used in this video is the property of its respective developer and is protected by Copyright. Although it is a free version, Business Talk, Global Management Consultancy and Deepak Bhatt do not hold the rights to this music. B. Paul Johnson offered thoughtful perspectives from his acclaimed book, “Challenging Inequalities: How We Got Stuck and Where We Go Next”, in his conversation on the Business Talk podcast channel. The uploaded video contains copyrighted material; therefore, any modifications to graphics, music, or the presence of the author or host are strictly prohibited.

    28 min
  5. Croesus to Crypto: How Money Crossed Borders Through the Ages | Dr. Barry Eichengreen

    MAR 9

    Croesus to Crypto: How Money Crossed Borders Through the Ages | Dr. Barry Eichengreen

    In this episode, we sit down with Dr. Barry Eichengreen, the George C. Pardee and Helen N. Pardee Professor of Economics and Political Science at the University of California, Berkeley, one of the world's foremost authorities on international monetary systems and economic history. Dr. Eichengreen takes us on a sweeping journey through his forthcoming book, Money Beyond Borders: Global Currencies from Croesus to Crypto, tracing the evolution of money from the ancient Lydian coins of King Croesus to the rise of digital currencies and crypto assets in the modern era. Along the way, he unpacks how global currencies have shaped and been shaped by, the political, economic, and technological forces of their time. Whether you're an economist, a policymaker, or simply curious about the future of money, this conversation offers rare insight from a scholar who has spent decades studying the institutions and ideas that underpin the global financial system. This podcast is brought to you by Global Management Consultancy. For more information, please visit www.globalmanagementconsultancy.com. Disclaimer: A. The background music used in this video is the property of its respective developer and is protected by Copyright. Although it is a free version, Business Talk, Global Management Consultancy and Deepak Bhatt do not hold the rights to this music. B. In a compelling conversation on the Business Talk podcast channel, Dr. Barry Eichengreen shared thoughtful perspectives drawn from his forthcoming book, “Money Beyond Borders: Global Currencies from Croesus to Crypto”. The uploaded video contains copyrighted material; therefore, any modifications to graphics, music, or the presence of the author or host are strictly prohibited.

    33 min
  6. Strategic Mistakes Companies Make by Overlooking Behavioral Science - Dr. Manoj Thomas

    MAR 8

    Strategic Mistakes Companies Make by Overlooking Behavioral Science - Dr. Manoj Thomas

    Dr. Manoj Thomas, Sabanci Professor of Management & Marketing and Associate Dean of NYC Initiatives at Cornell SC Johnson College of Business, explores how behavioral science shapes business strategy, and why overlooking it can lead to critical strategic missteps that put a company off course. In this engaging episode of Business Talk, host Deepak Bhatt sits down with Dr. Manoj Thomas, Sabanci Professor of Management & Marketing and Associate Dean of NYC Initiatives at Cornell SC Johnson College of Business, for a rich exploration of how behavioral science quietly governs our economic decisions. Dr. Thomas unpacks the psychology behind everyday phenomena, from why $2.99 feels dramatically cheaper than $3.00 (the left-digit anchoring effect), to how precise pricing like $500,250 reduces negotiation compared to a round $500,000, to the fascinating "pain of paying," where cash purchases trigger more deliberate spending while mobile payments fuel impulse buying. He also reveals how political ideology shapes negotiation behavior conservatives feeling a personal duty to negotiate, while liberals often view fair pricing as the seller's responsibility. Broadening the lens to AI, Dr. Thomas highlights a striking paradox: while nearly all AI innovation originates in the West, Eastern countries with collectivist cultures show far higher adoption of AI-branded products. He closes with a timeless reminder from Peter Drucker, "The main purpose of a business is to create a customer" - urging executives to anchor every strategic decision in genuine customer value creation. This podcast is brought to you by Global Management Consultancy. For more information, please visit www.globalmanagementconsultancy.com. Disclaimer: A. The background music used in this video is the property of its respective developer and is protected by Copyright. Although it is a free version, Business Talk, Global Management Consultancy and Deepak Bhatt do not hold the rights to this music. B. Dr. Manoj Thomas offered thoughtful perspectives from his acclaimed book, “Why People (Don’t) Buy: The GO and STOP Signals”, in his conversation on the Business Talk podcast channel. The uploaded video contains copyrighted material; therefore, any modifications to graphics, music, or the presence of the author or host are strictly prohibited.

    27 min
  7. Can Religion Predict Dividend Payouts? The Surprising Link Between Faith & Finance | Dr. Frank Liu

    MAR 8

    Can Religion Predict Dividend Payouts? The Surprising Link Between Faith & Finance | Dr. Frank Liu

    Dr. Frank Liu, Associate Professor of Finance at the University of Western Australia Business School's Department of Accounting and Finance and Research Affiliate at the Centre for Economic History (CEH), joins us to discuss his study "Divine Dividends: How Religious Traditions Shape Corporate Payout Policies" - exploring how Buddhist and Taoist influences shape dividend behaviors among Chinese A-share firms. His research finds that stronger religious traditions foster higher dividend payouts, greater corporate responsibility, and deeper investor trust, highlighting the powerful role of informal institutions in financial decision-making. What inspired this research was a moment of striking contrast in Shanghai - walking out of a modern glass-and-steel office tower, Dr. Frank Liu found himself face-to-face with the Jingang Temple directly across the street, incense in the air and temple bells ringing. That juxtaposition sparked a profound question: could the cultural environment surrounding companies actually shape boardroom decisions? Drawing on over 33,000 firm-year observations of Chinese listed companies from 2009 to 2023, Dr. Liu and his co-author Xu Xian mapped the density of Buddhist and Taoist temples within a 200-kilometer radius of company headquarters to measure religious influence. Their findings are compelling; firms located in areas with stronger religious traditions were not only more likely to pay dividends but also paid larger amounts and maintained more consistent payout policies over time. Buddhism, with its core emphasis on dhana (generosity and giving), exerted a stronger influence than Taoism, though both traditions discouraged the kind of corporate stinginess that Chinese investors colorfully describe as "iron roosters", companies so tight-fisted that not even a single feather can be plucked from them. Beyond dividends, religiously influenced firms demonstrated superior CSR performance, reduced opportunistic behavior by controlling shareholders, and greater transparency underscoring how informal institutions like culture and religion can serve as powerful governance mechanisms, particularly in contexts where formal enforcement remains imperfect. This podcast is brought to you by Global Management Consultancy. For more information, please visit www.globalmanagementconsultancy.com. Disclaimer: A. The background music incorporated in this video is the intellectual property of its respective developer and is protected under applicable copyright laws. Notwithstanding that it is a free-to-use version, Business Talk, Global Management Consultancy, and Deepak Bhatt do not own, and expressly do not claim, any rights, title, or interest in or to this music. B. Dr. Frank Liu offered compelling insights from his research, "Divine Dividends: How Religious Traditions Shape Corporate Payout Policies," in a thought-provoking conversation on the Business Talk podcast channel. The uploaded video contains copyrighted content, so changing any graphics, music, or on-screen appearance of the author or host is not allowed.

    25 min

About

Welcome to Business Talk, your go-to podcast for the latest trends, insights, and thought-provoking discussions in the business world. Whether you're a business professional, entrepreneur, researcher, or academic, our episodes will challenge you to rethink conventional wisdom and inspire actionable ideas. Brought to you by Global Management Consultancy, we are committed to driving innovation and excellence in the business community. All content Copyrighted 2024 by Global Management Consultancy. For more information about our past and upcoming podcasts, please click here:https://www.deepakbbhatt.com/businesstalk