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

    2D 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
  2. Croesus to Crypto: How Money Crossed Borders Through the Ages | Dr. Barry Eichengreen

    4D AGO

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

    5D AGO

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

    5D AGO

    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
  5. Do Positive Emotions Change What You Click On? | Marketing Research with Dr. Sarah Whitley

    6D AGO

    Do Positive Emotions Change What You Click On? | Marketing Research with Dr. Sarah Whitley

    Dr. Sarah Whitley, Assistant Professor of Marketing at the University of Georgia's Terry College of Business, joins us to discuss her research, "Positive Emotions During Search Engine Use: How You Feel Impacts What You Search for and Click On." In her research, "Positive Emotions During Search Engine Use: How You Feel Impacts What You Search for and Click On," Dr. Sarah Whitley, along with co-researchers Dr. Anindita Chakravarty and Dr. Pengyuan Wang, explores how incidental positive emotions, feelings unrelated to the search task itself. shape the way people interact with search engines. The study, drawing on approximately 50 million archival search queries, reveals that users in a positive mood are more likely to describe products using emotionally positive keywords such as "exciting," "joyful," or "inspiring," and are subsequently more inclined to click on advertisements. Notably, positive emotion queries demonstrated a 2% higher click-through rate compared to neutral queries, a seemingly modest figure that translates into thousands of additional clicks at scale. The research also uncovers a key psychological mechanism: positive emotions reduce users' skepticism toward advertising, not by making them unaware of ads, but by lowering their perception of manipulative intent what Dr. Whitley describes as a "rose-colored glasses" effect. For marketers, these findings present a valuable and largely untapped opportunity, particularly during high-mood periods such as weekends and holidays, and across hedonic product categories like entertainment, clothing, and dining. 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. Sarah Whitley joined the Business Talk podcast for an engaging conversation, sharing key insights from her research, "Positive Emotions During Search Engine Use: How You Feel Impacts What You Search for and Click On." The uploaded video contains copyrighted content, so changing any graphics, music, or on-screen appearance of the author or host is not allowed.

    20 min
  6. Gig Economy Uncovered: What Drivers in India, Indonesia & Kenya Really Earn

    6D AGO

    Gig Economy Uncovered: What Drivers in India, Indonesia & Kenya Really Earn

    Dr. Achyuta Adhvaryu, Tata Chancellor's Professor of Economics at the School of Global Policy and Strategy and inaugural Director of the 21st Century India Center at the University of California, San Diego, presented his research on "Platform Work: Evidence from Drivers in India, Indonesia, and Kenya," drawing on surveys and platform data to examine drivers' earnings, costs, and career trajectories. In his research on "Platform Work: Evidence from Drivers in India, Indonesia, and Kenya," Dr. Achyuta Adhvaryu unpacks the complex realities of gig work in the Global South by combining platform administrative data with on-ground worker surveys. The study finds that while monthly net earnings for platform drivers can exceed comparable informal work by 25-30% in India, this comes at a steep cost, fuel expenses alone consume one-third of gross earnings in India and Indonesia, and over half in Kenya, where high operating costs render platform work increasingly unsustainable. A critical distinction also emerges between hourly and monthly earnings: drivers in Indonesia log upwards of 70 hours a week, raising serious concerns about work-life balance and whether flexibility is a genuine advantage or a quiet compulsion. The research further reveals that platform work serves a dual role - as a primary income source for roughly one-third of drivers, and as a financial safety net for another third who turn to platforms during economic emergencies - though algorithmic pressures for constant engagement increasingly threaten that safety-net function. Dr. Adhvaryu argues that the most promising path forward lies not in capping work hours, but in transitioning drivers to electric two-wheelers, expanding charging infrastructure, and enabling platforms to deliver financial benefits such as insurance and micro-credit directly through their apps. 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. Achyuta Adhvaryu shared insightful perspectives drawn from his research, "Platform Work: Evidence from Drivers in India, Indonesia, and Kenya," during an engaging 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.

    37 min
  7. Does EdTech Really Improve Learning Outcomes? A Large-Scale Study | Dr. Gopal Naik

    MAR 5

    Does EdTech Really Improve Learning Outcomes? A Large-Scale Study | Dr. Gopal Naik

    In this episode of the Business Talk podcast, Dr. Gopal Naik, Former Professor in the Economics Area and Jal Jeevan Mission Chair in Utility Development & Water Economics at IIM Bangalore, shares compelling insights from his research study, "Impact of the Use of Technology on Student Learning Outcomes: Evidence from a Large-Scale Experiment in India." His groundbreaking tele-education initiative reached nearly 200,000 students across 1,000 rural government schools in Karnataka, earning the prestigious WSIS 2015 Award at ITU Geneva. Conducted as a large-scale Randomized Control Trial (RCT) spanning 1,823 schools across 18 districts, the study examined the impact of live, interactive multimedia-based instruction on student performance in Science, English Grammar, and Mathematics. The intervention, designed to be resource-light and self-sufficient, used just one computer and projector per school, delivering expert-led, high-quality content via EduSat, India's educational satellite replacing approximately one-third of regular classroom time. Results demonstrated significant improvements in learning outcomes across all three subjects, with Science recording the largest gains, as animations and videos made complex concepts more accessible to rural learners. Dr. Naik emphasizes that technology must complement, not replace, traditional educational investments such as teacher hiring and training, and underscores the transformative role technology can play in bridging educational inequality for students in underserved communities. 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. Prof. Gopal Naik offered insightful perspectives drawn from his research, "Impact of the Use of Technology on Student Learning Outcomes: Evidence from a Large-Scale Experiment in India," in an engaging 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.

    27 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