Science of Business by Valueships: Recent Episodes
Radek Czahajda and Valueships
Together with experts from various industries, we discuss new research pieces and their application in business life.
Is it possible to apply science in real-life business?
Or maybe science is just science and doesn't have application in the business world?
Let's find out!
https://www.valueships.com/
Contact: maciej_prokop@valueships.com
Since Moneyball, sport have gone through a transition from gut-driven decisions to using data to understand better how performance of elite athletes is shaped, how teams are built to win and how managerial decisions write sports history.
In fact, such data is much more available to scientists than data from corporate, so a lot of the models we use every day to manage our teams derive from sports science. For example, one of such models is equity theory, telling us that the perceived fairness is a tremendous factor influencing our team members' performance.
In this Episode, I have summarized some of the least obvious insights from the paper "Using Sports Data to Advance Management Resarch", published recently in Journal of Management. Tune in to learn what we can learn from NBA All Stars, Formula 1, top football teams and other athletes to make our teams thrive and our business – grow faster.
Plenty of papers were discussed in this podcast, so if you would like to have a deeper look, check these out:
💡Fonti, F., Ross, J. M., & Aversa, P. (2022). Using Sports Data to Advance Management Research: A Review and a Guide for Future Studies. Journal of Management, 01492063221117525.
💡Kim J. W., King B. G. 2014. Seeing stars: Matthew effects and status bias in Major League Baseball umpiring. Management Science, 60: 2619-2644.
💡Maoret M., Marchesini G, Ertug G. in press. On the status shocks of tournament rituals: How ritual enactment affects productivity, input provision, and performance. Academy of Management Journal. https://doi.org/10.5465/amj.2020.0585.
💡Clough, D., & Piezunka, H. (2020). The tangled relationship between performance and suppliers: lessons from Formula 1. LSE Business Review.
💡Stuart, H. C. (2017). Structural disruption, relational experimentation, and performance in professional hockey teams: A network perspective on member change. Organization Science, 28(2), 283-300.
💡Kilduff, G. J., Elfenbein, H. A., & Staw, B. M. (2010). The psychology of rivalry: A relationally dependent analysis of competition. Academy of Management Journal, 53(5), 943-969.
💡Greve, H. R., Rudi, N., & Walvekar, A. (2021). Rational Fouls? Loss aversion on organizational and individual goals influence decision quality. Organization Studies, 42(7), 1031-1051.
💡Wang, L., & Murnighan, J. K. (2013). The generalist bias. Organizational Behavior and Human Decision Processes, 120(1), 47-61.
💡Johnson, J. G., & Raab, M. (2003). Take the first: Option-generation and resulting choices. Organizational behavior and human decision processes, 91(2), 215-229.
According to data from McKinsey (Baggio, Digentiki, Varma, 2019) as many as 70% organizational change initiatives fail to deliver what the expected results. This makes understanding of proper implementation of such initiatives incredibly crucial. In search for some ideas on how to properly implement such interventions, I came across a thorough scientific paper written by Ulrica von Thiele Schwarz and her colleagues forming a multidisciplinary team tackling change from different perspectives. Their list of 10 principles of organisational intervention is a must read for anyone implementing changes in their work across all levels, from small teams to entire organization.
Prof. Schwarz accepted my invitation to Science of Business Podcast where we dive even deeper in these principles, searching some practical solutions to:
▶️ Involving essential stakeholders in change initiative
▶️ Defining proper objectives for it
▶️ Considering organizational context that might influence the change
▶️ Designing the change logic
▶️ Managing change implementation and using it beyond the initial purpose
Share this podcast with your Managers, Directors, Trainers and other change makers, so the next change you make in your organisation is evidence based.
Paper discussed:
von Thiele Schwarz, U., Nielsen, K., Edwards, K., Hasson, H., Ipsen, C., Savage, C., ... & Reed, J. E. (2021). How to design, implement and evaluate organizational interventions for maximum impact: The Sigtuna Principles. European Journal of Work and Organizational Psychology, 30(3), 415-427.
New research shows that organic social media content brings higher influence on sales than what your clients say about you over the internet. If your company tends to offer deal after deal in your social media, and you wonder if it makes sense to invest time in writing anything else, then you should listen to this interview. Together with Georgia Liadeli from Vrije University Amsterdam, we are exploring her newest paper, summarizing over 95 000 000 observations of how social media activity affects engagement and sales. Listen to get a big picture view on:
- What types of content work better for engagement?
- What types of content boost your sales?
- Which products sell better using organic content?
- Is it even worth writing social media content when you are a small company?
- What to check when entering new markets?
Paper discussed:
Liadeli, G., Sotgiu, F., & Verlegh, P. W. (2022). A Meta-Analysis of the Effects of Brands’ Owned Social Media on Social Media Engagement and Sales. Journal of Marketing, 00222429221123250.
In this episode, we discuss the recent research considering the use of algorithms in recruitment with Djurre Holtrop, PhD, Assistant Professor from Tilburg University – Department of Social Psychology. Over the past years, Djurre was invested heavily in the potential use of Machine Learning and other technologies to support decision-making in corporate recruitment. Listen to this episode to know:
- How accurate are the algorithms supporting personality assessment based purely on video interviews
- How can you assess personality better during an interview?
- Is there a personality model that is even more useful for recruitment purposes than Big 5?
- How to make one-way video interviews more attractive to candidates?
- In which way the technology of computer-assisted recruitment will develop in near future?
- What is THE worst mistake practitioners make, that contradict decades of recruitment research?
If you work in HR department, or you are involved in recruitment processes at your company, don't skip this episode not to miss the trends to watch and best practices to implement to hire better!
Articles discussed:
Djurre Holtrop, Janneke K. Oostrom, Ward R. J van Breda, Antonis Koutsoumpis & Reinout E. de Vries (2022) Exploring the application of a text-to-personality technique in job interviews, European Journal of Work and Organizational Psychology, 31:6, 799-816, DOI: 10.1080/1359432X.2022.2051484Dunlop, P. D., Holtrop, D., & Wee, S. (2022). How asynchronous video interviews are used in practice: A study of an Australian‐based AVI vendor. International Journal of Selection and Assessment.
In this episode, I'm talking with Tom Junker, Assistant Professor at Tilburg University. We discuss his work on Agile Work Practices (AWP) and their influence on teamwork results. Listen to this episode to know:
- How the Agile Work Practices divide into those oriented on taskwork and those oriented on teamwork?
- How to measure Agile Transformation using recently developed AWP scale?
- What is the relationship between agile work and creativity?
- Which of the Agile Work Practices influence proactivity the most?
- What is the paradox embedded in agile work?
This episode is a must for all the scrum masters, agile product owners, agile coaches and other practitioners invested and interested in agile project management science.
Papers referenced in this episode:
Junker, T. L., Bakker, A. B., Gorgievski, M. J., & Derks, D. (2021). Agile work practices and employee proactivity: A multilevel study. Human Relations 00187267211030101.
Junker, T. L., Bakker, A. B., Derks, D., & Molenaar, D. (2022). Agile work practices: measurement and mechanisms. European Journal of Work and Organizational Psychology, 1-22.m
Ghosh, S., & Wu, A. (2021). Iterative coordination and innovation: prioritizing value over novelty. Organization Science.
Brown, S. L., & Eisenhardt, K. M. (1997). The art of continuous change: Linking complexity theory and time-paced evolution in relentlessly shifting organizations. Administrative science quarterly, 1-34.
In a study I have conducted in 2022, I realized that over 60% of adults feel too tired after work to engage in meaningful activities. What drains us so much during work? Can we do something about it?
These questions were guiding me in the exploration of work from dr Oliver Weigelt. He's a very productive scholar that was conducting multiple research projects uncovering different aspects of human energy at work and beyond. In this episode of Science of Business Podcast I'm interviewing dr Weigelt about his biggest discoveries. Tune up to get to know:
▶️How our energy fluctuates over the week?
▶️What factors influence our energy over work day?
▶️How can we help our brain leave work on evenings, weekends?
▶️What can we do to take control of our energy?
This episode is a must for all the managers and HRM practitioners that care about how their team members feel every day. It should also provide some insights to every person involved in workforce, that feels down at work and after work every now and then. If you'd like to know how the energy is shaped over the work time - listen carefully!
Papers discussed:
- Weigelt, O., Gierer, P., Prem, R., Fellmann, M., Lambusch, F., Siestrup, K., ... & Blume, J. (2022).Time to recharge batteries–development and validation of a pictorial scale of human energy. European Journal of Work and Organizational Psychology, 1-18.
- Weigelt, O., Prem, R., & Siestrup, K. (2022). Towards a Periodic Table of Human Energy Measurement.
- Weigelt, O., Schmitt, A., Syrek, C. J., & Ohly, S. (2021). Exploring the Engaged Worker over Time—A Week-Level Study of How Positive and Negative Work Events Affect Work Engagement. International Journal of Environmental Research and Public Health, 18(13), 6699.
- Weigelt, O., Gierer, P., & Syrek, C. J. (2019). My mind is working overtime—towards an integrative perspective of psychological detachment, work-related rumination, and work reflection. International journal of environmental research and public health, 16(16), 2987.
This episode is a must for anyone who deals with graphic design in their everyday work. Together with Felipe Affonso, Incoming Assistant Professor at Oklahoma State University, we discuss his recent paper, sharing multiple insights on how choosing different structures for your logo, leaflet, website and other materials, influences your customer perceptions of your brand.
Listen to this episode to:
1️⃣ Learn about the influence simple decisions concerning symmetry, proximity, simplicity, and organisation of your contents have on your brand perception.
2️⃣ Understand how you can work with your identity, when working with multiple customer segments, each having different needs and preferences.
3️⃣Get to know some examples of brands that use the power of design well and those that miss this opportunity.
Paper discussed:
Affonso, F. M., & Janiszewski, C. (2022). Marketing by Design: The Influence of Perceptual Structure on Brand Performance. Journal of Marketing
This episode is a must for every data scientist that deals with scraping web data. Together with Prof. Johannes Boegershausen and prof. Hannes Datta we discuss their new paper that lists state-of-the-art standards in web scraping.
Listen to this episode to get to know about the most essential errors that practitioners make during selection of data sources, designing extraction and executing it.
Visit web-scraping.org to explore more resources, that our guests designed for improving the quality of web scraping practice.
Lastly - make sure their publication is read by all the data-scientists you work with!
Paper discussed:
Boegershausen, J., Datta, H., Borah, A., & Stephen, A. (2022). Fields of gold: Scraping web data for marketing insights. Journal of Marketing.
https://journals.sagepub.com/doi/full/10.1177/00222429221100750
In 1928, Nazi Party received only 2,6% votes in the elections to German parliament, while in 1932 their popularity raised up to 37%, offering the largest amount of seats in Reichstag. What happened between those four years that shifted the public trust towards extremists?
This question was guiding recent research work published in Leadership Journal by Prof. Paul Sanders from Neoma Business School. Analyzing the work of great thinkers describing totalitarian regime and comparing it to the practices used by populists, his paper provides some worrying insights about the state of current democracy and the threats to both - the state and the nation, that populist agenda provides.
Listen to this podcast to understand better how populism works, what are its roots and how does it affect democracy in multiple countries.
Paper discussed:
▶️ Sanders, P. (2019). Leadership and populism: A parallel reading of Hannah Arendt and Franz Neumann. Leadership, 15(6), 750-767.
According to IBISWorld, US coaching market was increasing by 2,8% every year since 2017, reaching $14,2 bn size in 2022. There is plenty of evidence showing its great effects on organizational and individual goals, including the meta-analysis by Theeboom and colleagues (2014). While we know coaching is working as a whole, we didn't know which specific aspects of it are especially important. What to pay attention to when choosing a coach or what to focus on, when we are running coaching processes ourselves? We didn't know until the paper discussed in this episode was published.
Listen to learn about:
▶️ What types of outcomes are to be expected from the coaching process?
▶️ How can coachee characteristics and behaviors facilitate the success of the process?
▶️ What is within the control of the coach to assure high attainment of coaching goals?
Whether you are a manager who is still wondering if coaching is the right development tool for them or if you are a coach that wants to bring their practice to the next level, insights from this episode will appear helpful to you.
The paper discussed in this episode:
💡Sonesh, S. C., Coultas, C. W., Marlow, S. L., Lacerenza, C. N., Reyes, D., & Salas, E. (2015). Coaching in the wild: Identifying factors that lead to success. Consulting Psychology Journal: Practice and Research, 67(3), 189.
If you want to start designing your content to bring more clients to your business, or you are searching ways to make your content bring better results – this episode is for you 🔥
Nowadays, B2B sellers create digital content that leads potential clients to interact with their company. It's important considering the growing importance of the Internet to B2B customer purchasing decisions.
Referring to content marketing we prepared a summary of the most valuable and ready-to-use outcomes in a digestible list of tips.
Thanks for this episode you will learn about: 👉🏼 the organizational processes for developing valuable and timely content to meet customer needs 👉🏼 how to integrate content marketing with B2B selling processes 👉🏼 the use of marketing automation to generate high-quality sales 👉🏼 how to generate high-quality sales leads through behavioral targeting and content personalization 👉🏼 the organizational processes that support content marketing 👉🏼 how content marketing can be combined with B2B selling processes via marketing automation
In this episode, I went through some recent research in the field of power and status. It is a broad topic that influences pretty much everything that we do in our day-to-day lives, so I just chose some articles that I find very practical and easy to implement. The topics I discussed include: ▶ the influence of narcissism on firm performance and an interesting way to measure it; ▶ physical signals of status that can be used in communication; ▶ the influence of status and power on negotiations and the way you can control them; ▶ the social benefits of hierarchy and; ▶ the relationship between power and authenticity.
If you like this episode, please share it with someone who would also find it inspiring. That's the best way to help us keep grow it!
What is currently hot in advertising research? I went through the most recent and impactful research in the field and collected multiple, practical insights for you:
▶ The definition of advertising needed to change due to rapid advancement of this field ▶ Scientists listed several inefficiencies in advertising, that most companies fall into ▶ Different platforms require different communication style. Scientists defined these styles for Facebook, Twitter, YouTube, LinkedIn and Instagram ▶ A new classification of influencers was created. It helps to design smarter influencer marketing strategy. ▶ An interesting experiment on advertising disclosure showed that a lot of sponsored content is bringing opposite results than expected. ▶ Emerging markets are growing more rapidly than one could assume.
In this episode of Science of Business Podcast, I will be speaking with prof. John Antonakis, an accomplished scholar and Editor-in-Chief of one of my favourite journals – Leadership Quarterly.
During our conversation, we will explore the results of his groundbreaking work in the field of charisma, trying to find some practical suggestions for leaders in how (and why) to be more charismatic. Some leading questions I'd like to get answers to:
✔ What are the Charismatic Leadership Tactics? ✔ Can we quantify the value of practising charisma? ✔ How to become more charismatic?
If you are curious about charisma and would like to know more about the impact it has on your business, you can't miss out on this episode!
In this episode of Science of Business Podcast I will be speaking with Stephan M. Liozu, PhD about science and practice of setting prices in modern firms.
Dr Liozu is a leading expert in value-based pricing, supporting businesses from different branches in XaaS transitions. Through over 15 years of experience he published 10+ books and written scientific papers for renown journals in the field, including Journal of Revenue & Pricing Management, MIT Sloan Management Review, and Industrial Marketing Management.
Some of the questions on my list include: ➡How important is innovation in pricing for modern firms? ➡What are price setting and price getting skills? ➡What are some pricing strategies more business owners should be aware of? ➡How are we unconsciously limiting the pricing value? ➡Can anyone transition their business model into a XaaS?
In this episode of Science of Business Podcast we will be talking about the reality of learning in adulthood.
My guest, Ian McIlwain has more than 10 years of experience in working with adult learners in LinkedIn Learning and FutureLearn and I will do my best to harvest his key insights during our 45-min talk 😊
Some questions we plan to address: ▶ Is it more difficult to learn when we get older? ▶ How to address transfer in self-paced learning? ▶ Is learning strategy different depending what we intend to learn? ▶ Are we all ready to learn autonomously? ▶ How to deal with a stubborn learner?
Join us to explore scientific research and best practices in the field of adult learning together with us.
In this episode of Science of Business Podcast, we will be talking about personal brand- the newest research in that field, and how to create a strong brand around yourself and your expertise.
In this episode of Science of Business Podcast we will be talking about the Work Design in hard reality of #remotework.
My guest - prof. Sharon Parker is one of the most influential scientists in the world according to Web of Science Group. Her work was cited over 32 000 times and her interests beyond work design also include proactivity, mental health and job performance.
Prof. Parker is the Director of the Centre for Transformative Work Design at Curtin University and as part of her work she consults widely with industry and government on work-related issues.
During our talk, we will search for answers to the following questions: ▶ How to use work design to shape the reality of our employees in remote and hybrid environments? ▶ How to manage social support in remote environment?
Our website: [https://www.valueships.com/] (https://www.valueships.com/)
In this special episode of Science of Business Podcast, I will be sharing with you some of my picks from the recent research in the LEADERSHIP field. We will discuss scientific papers covering the topics of:
▶Shared leadership, ▶ Transformational leadership ▶ Servant leadership, ▶ Authentic leadership, ▶ Leadership development, ▶ Leadership potential, ▶ Leadership success.
The selected research pieces for this episode come from the following sources: ✔ Human Resource Development Quarterly, ✔ Leadership Quarterly, ✔ Frontiers in psychology, ✔ Journal of Applied Social Psychology, ✔ Harvard University.
Check out our website: [https://www.valueships.com/] (https://www.valueships.com/)
Authentic happiness consists of 3 elements: 💡 Pleasure 💡 Engagement 💡 Meaning
New research by Tandler, Krauss, Proyer and Corso has analysed how these parameters affect the workplace.
❗Spoiler alert: They appear to be essential for performance, work satisfaction and stress reduction.
How to implement them in everyday life and workplace? We will search for an answer together with Mirna Smidt: Happiness Academy Founder and Positive Psychology expert in today's episode of Science of Business Podcast.
Our website: [https://www.valueships.com/] (https://www.valueships.com/)
In this episode of Science of Business, I will be talking with Mitja Černko, psychologist and researcher applying data science methods to discover the ways we can support people to thrive.
We will be discussing different research pieces in the field of Community Building to understand how and why people come together to shape a lasting connection, and how could we use that to build better networks in our companies and among our clients. We will start from the research on Communities of Practice and try to extrapolate how the outcomes could be used in the other types of communities.
Our website: [https://www.valueships.com/] (https://www.valueships.com/)
In this episode of Science of Business, I will be talking with Nuno Branco, trainer and consultant from sunny Cadizfornia. Nuno is an advocate of Relationships First attitude and has recently finished a book on his lessons for modern communication that I was lucky to get a glimpse of before it's published.
We will be discussing different research pieces in the field of workplace relations and the ways they apply in modern business contexts. Some topics we will cover include: ➡ How are relationships built in business today? ➡ How could we connect better with our peers? ➡ How to be a leader who builds relations with their team?
If you're interested to know some proven concepts in the field of workplace relations and methods to apply them, this episode is for you.
Our website: [https://www.valueships.com/] (https://www.valueships.com/)
In this episode of Science of Business, I will be talking with Mara Suter, a full-time Design Thinking practitioner with several years of practice. Mara is a founder of innovative-teams.ch and D-school graduate. In her work, she combines her psychological background with diverse approaches to DT and innovation.
We will not be talking that much about the basics or principles of Design Thinking. What I will try to get from this interview are some scientific phenomena and tacit knowledge only an experienced practitioner can provide.
The topics we will cover include: ➡ What social phenomena occur during DT sessions? ➡ How do we build Design Thinking mindsets in our teams? ➡ What DT school doesn't prepare you for? ➡ Is DT more about the method or more about the mindset?
Join us to advance your knowledge about Design Thinking beyond what's available publicly!
In this episode of Science of Business I will be talking with John Bessant, Senior Research Fellow from Innofora, that dedicated his 40 years of career to explore the world of creativity and innovation.
We will be discussing different research pieces in the field of creativity and the ways they apply in modern business contexts. Some topics we will cover include: ➡ Where is creativity needed in business contexts? ➡ How to properly run a creative session? ➡ What can go wrong in a creative session? ➡ Big and small "c" creativity in business? ➡ Facts and myths about creativity