Episode 9

full
Published on:

29th Nov 2022

"What Can You Use a Screwdriver for?"

JP Castlin is our first-ever "repeat offender" and in this episode, we preview a conclusion of our Experimental Season. We started with JP in our first interview episode, and it's fitting to discuss with JP what have we learnt, in the final interview of the season.

JP Talks about robustness versus resilience, strategic drift, why it's imperative to experiment on the edges and try and create new revenue streams, how tough it is to manage children using fun objectives and why boundaries are a must, and the very many uses of a Kaufmann screwdriver.

Next week, we'll provide a Season Finale where we wrap everything up and address some of your Questions.

For the FULL episode, subscribe here: www.business-games.ai

Contents

  • Introduction [00:00]
  • On Naturalized Strategy-Making: ABCDE Framework [07:20]
  • On Coherent Hypotheses and How to Get Them [11:55]
  • On Crisis Management, NZ COVID Response, Moving Through Domains From Chaos to Order, Entrenched Place Dilemma and Brittle Organization and Revenue Stream Substitution, Adaptive Strategies and E-Commerce [15:30]
  • More on Adaptive Strategy, Pivots, and E-Commerce [31:52]
  • On Predictable Mutations [42:22]
  • On Certainty and Uncertainty, Expecting What Could Be, WFH and More on Entrenched Place Dilemma, Resilience, Robustness, and Multiple Revenue Streams With Parallel Safe-to-Fail Experimentation [48:02]
  • More on Working From Home, People, Culture, and Employee Representation [53:58]
  • On Humanizing Businesspeople and Its Relation to Decision Making [59:09]
  • On When Is a Pandemic not a Pandemic, More on Flexible Time and Final on Working From Home [1:07:40]
  • On Theory-Informed Practice and Pre-Mortems: How to Put Praxis in "Theory and Praxis" [1:16:27]
  • Some on Screwdrivers, More on Robustness versus Resilience, Repeated Betting Over Time, Strategic Drift, and Porsches [1:22:05]
  • ABCDE: Aspirations, Boundaries, Coherence, and the Other Two [1:40:47]

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About the Podcast

Business Games
Make Better Decisions
An educational podcast where we apply game theory to business, to help you make better decisions under uncertainty.

Check out our website for the public Blog, Executive Newsletter, and Premium content: https://www.business-games.ai/

A combination of original content and guest interviews, packaged into seasons; every season revolves around a single topic.

All topics lead to making better decisions.

Designed for: Senior AND Aspiring Business Decision Makers. Are you a Solopreneur or a Student of Business? We've got content for you, too.

About your host

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Andrey Ivanov

Born in the USSR; grew up in West Auckland, NZ (Waitākere, Tāmaki Makaurau, Aotearoa); spent all my 20s in Deutschland (Mannheim, Frankfurt, Berlin) & Italia (Milano); back "out West" in Tāmaki Makaurau. A "Westie", a JAFA, vaguely Germanic, Soviet-born, a Kiwi—all in that order and proudly so. Accent vaguely Germanic and fully my own, ja?

PhD (Economics) from Universität Mannheim (Germany) where I co-authored papers on pricing & industrial organization with McKinsey consultants. NOT AN EXPERT.

12+ years strategy consultant (Germany, Italy, NZ); grew own team to 7 employees; large, listed corporations hired my firm; longest return client relationships 7, 5, & 3 years (must've been doing something right, eh?). Occasional Master thesis supervisor.

As I learnt more from being "in" business, wanted to get back to teaching and share this experience; at heart, an entrepreneurial researcher & a researching entrepreneur, an experimenter, learner, an educator & a sharer. Argh, it sounds like I'm full of myself, eh? …

I take my work very seriously & I don't take myself seriously at all—is something I learnt from one of my early clients & one of the best leaders I had the privilege to work with.