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Science of Business by Valueships
Radek Czahajda and Valueships
32 episodes
5 days ago
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
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Entrepreneurship
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All content for Science of Business by Valueships is the property of Radek Czahajda and Valueships and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
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
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Entrepreneurship
Business
Episodes (20/32)
Science of Business by Valueships
8 Insights for Management from Sport Science

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.

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1 year ago
28 minutes 11 seconds

Science of Business by Valueships
Science based tips to increase success rate of organizational change

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.

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1 year ago
44 minutes 35 seconds

Science of Business by Valueships
How to write more effective social media content according to science?

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.

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2 years ago
31 minutes 37 seconds

Science of Business by Valueships
How will new technological advancements affect recruitment?

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.2022.2051484 Dunlop, 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.

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2 years ago
38 minutes 13 seconds

Science of Business by Valueships
The science behind effective Agile Work Practices

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.

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2 years ago
36 minutes

Science of Business by Valueships
Can we stay energised after work? New science of human energy

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:

  1. 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.
  2. Weigelt, O., Prem, R., & Siestrup, K. (2022). Towards a Periodic Table of Human Energy Measurement.
  3. 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.
  4. 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.
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2 years ago
57 minutes 5 seconds

Science of Business by Valueships
How your brand design affects your customers?

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

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2 years ago
48 minutes 2 seconds

Science of Business by Valueships
Science Level Quality in Scraping Web Data

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

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2 years ago
44 minutes 9 seconds

Science of Business by Valueships
What can we learn about populism by analyzing the totalitarian regime?

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.

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2 years ago
54 minutes 57 seconds

Science of Business by Valueships
Factors Influencing Executive Coaching Success

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.

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2 years ago
24 minutes 42 seconds

Science of Business by Valueships
Why is meditation only the first step toward the benefits of mindfulness? with prof. Lucas Monzani
A second-order meta-analysis, conducted by a team of researchers led by prof. Lucas Monzani from Ivey Business School at Western University, revealed that the influence of mindfulness practices on employee wellbeing, relationships, growth, self-acceptance, and emotional regulation is so powerful that it is hard to find other activities that could offer results even half as effective. Yet, in practice, we tend to underestimate the value of mindfulness and sometimes simplify it to the very first step, which can only provide limited results. If you want to know what scientists say about effective meditation, listen to this episode! Paper discussed: ▶️Monzani, L., Escartín, J., Ceja, L., & Bakker, A. B. (2021). Blending mindfulness practices and character strengths increases employee well‐being: A second‐order meta‐analysis and a follow‐up field experiment. Human Resource Management Journal, 31(4), 1025-1062.
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2 years ago
43 minutes 50 seconds

Science of Business by Valueships
Job, career or calling? New science shows the choice is actually different!
According to a recent report from Zippia, only 20% of the U.S. workforce are passionate about their jobs, and every third worker is dissatisfied with what they do every day. How are these work orientations shaped? That's the leading question of this week, SoB episode! Our guests: prof. Kira Schabram and prof. Jordan Nielsen shared the most inspiring insights from their recent work exploring how different work orientations are constructed. Starting with some deeper understanding of why do we actually work, through different drivers changing our work orientations throughout life, ending with practical tips on how can we shape better our relationship with work - this episode is a must-listen to anyone actively engaged in the workforce. Papers discussed: ▶️Schabram, K., Nielsen, J., & Thompson, J. (2022). The Dynamics of Work Orientations: An Updated Typology and Agenda for the Study of Jobs, Careers, and Callings. Academy of Management Annals, (ja). ▶️Schabram, K., & Maitlis, S. (2017). Negotiating the challenges of a calling: Emotion and enacted sensemaking in animal shelter work. Academy of Management Journal, 60(2), 584-609. ▶️Bloom, M., Colbert, A. E., & Nielsen, J. D. (2021). Stories of calling: How called professionals construct narrative identities. Administrative Science Quarterly, 66(2), 298-338.
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2 years ago
51 minutes 28 seconds

Science of Business by Valueships
3 Evidence-Based Strategies for Self-Leadership
In 2021 researchers from Florida Atlantic University have summed up over 100 studies on what contributes to successful self-leadership towards individual goals. In this episode I'm summing up their findings, supplementing them with some practical thinking and organizing tools you can use to get better and better on your everyday path toward being better at what you do. The biggest contribution to general knowledge about productivity here is that while there are tons of tools that are supposed to help you be more organized, productive, and successful, this research explains how to keep using them. Or in other words - what skills and tactics do you need to possess to get better at self-leadership? The paper discussed in this episode: Harari, M. B., Williams, E. A., Castro, S. L., & Brant, K. K. (2021). Self‐leadership: A meta‐analysis of over two decades of research. Journal of Occupational and Organizational Psychology, 94(4), 890-923.
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2 years ago
29 minutes 20 seconds

Science of Business by Valueships
Are you a CEO/Founder? Then are you narcissistic?
According to scholars from Harvard University ~18% of CEOs might have Narcissistic Personality Disorder. While new research suggests it can be beneficial for their companies, it also can be just as hurtful for themselves, affecting their mental wellbeing and close relationships. In this episode I went for a short journey into research on CEO narcissism to understand better this trait, which is, way too often, omitted when we consider development as senior and top managers. If you are curious about: ✔ What precisely narcissism consists of? ✔ How is narcissism diagnosed? ✔ How does narcissism affect corporate performance? Join me in this exploration of paper "Making CEO narcissism research great: A review and meta-analysis of CEO narcissism". All the articles referenced in this episode: 💡 Cragun, O. R., Olsen, K. J., & Wright, P. M. (2020). Making CEO narcissism research great: A review and meta-analysis of CEO narcissism. Journal of Management, 46(6), 908-936. 💡 Ackerman, R. A., Witt, E. A., Donnellan, M. B., Trzesniewski, K. H., Robins, R. W., & Kashy, D. A. (2011). What does the narcissistic personality inventory really measure?. Assessment, 18(1), 67-87. 💡 Larcker, D. F., O'Reilly, C. A., Tayan, B., & Zakolyukina, A. A. (2021). Are Narcissistic CEOs All That Bad?. Rock Center for Corporate Governance at Stanford University Working Paper Forthcoming.
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2 years ago
15 minutes 9 seconds

Science of Business by Valueships
New science of Agile Mindset and why it's not about "being flexible" with Radek Czahajda
The world is offfering us with a disruption after disruption at a pace that is concerning to even the most resilient business leaders. Because of that Agility came back to the top 10 focus topics for modern managers. It also gained new interest by scientists with a new paper, published in June 2022, offering us a fresh perspective on what does it mean to be agile. In this episode you will learn how to measure agile mindset in your team and how to develop it to be ready for the VUCA world hitting us harder than ever before. Wether you are a team leader, project manager, scrum master, or a business owner that finds opportunities and threats for their work on a daily basis - this podcast should provide you with some medicine. Articles discussed: Eilers, K., Peters, C., & Leimeister, J. M. (2022). Why the agile mindset matters. Technological Forecasting and Social Change, 179, 121650.
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2 years ago
34 minutes 23 seconds

Science of Business by Valueships
Shaping a Startup Team for Success - Science and Tactics with prof. Florence Honoré
How to shape a Startup Team in order to succeed? What should be your go to tactic? Teamwork makes the dream work. But how frequently it actually does? Research suggests as many as 60% of new ventures fail due to team issues (Klotz et al. 2014)! The topic of right team composition is, therefore, more important than we would assume. It is, by far, one of the toughest decisions to make when starting a new business venture. Should it be people who have proven record of success, people you like, a mixture of both? Whom to exclude and whom to politely say no to? Like in many burning questions, scientists have our back also here. In this episode of Science of Business Podcast, I was talking about the startup founding members composition with Florence Honore, Assistant Professor @ Wisconsin School of Business. Her recent work in this field got published in Academy of Management Journal and provide several practical suggestions for shaping better startup teams. Listen to this episode to learn about the factors to take into consideration, when establishing a team for a new business venture. Check the summary of the article discussed at Eiexchange: https://eiexchange.com/content/your-startup-team-why-both-shared-and-diverse-experiences-matter?search=florence%20honore The scientific articles for your further exploration: Honoré, F. (2022). Joining forces: How can founding members’ prior experience variety and shared experience increase startup survival?. Academy of Management Journal, 65(1), 248-272. Honoré, F., & Ganco, M. (2020). Entrepreneurial teams' acquisition of talent: Evidence from technology manufacturing industries using a two‐sided approach. Strategic Management Journal. Ganco, M., Honoré, F., & Raffiee, J. (2019). Entrepreneurial team assembly: Knowledge transfer, customer transfer, and matching models. Oxford handbook of collaboration and entrepreneurship
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2 years ago
44 minutes 53 seconds

Science of Business by Valueships
Science-Based Tips to Actually Start Growth Hacking
Whenever you google “growth hacking”, you might find some vague articles on barely legal marketing tactics that could, at best, provide you with some annoyed customers. At worst, you can get legal consequences and losing the entire audience you were building for years. Is growth hacking dead, then? What does scientists have to say about it? In this episode, I'm covering some scientific articles that let me call myself an aspiring growth hacker with pride! You will learn: ➡ What growth hacking really is (according to scientists, that always need to call things right) ➡ What is the process of growth hacking done right ➡ What are some succesfull growth hacking tactics you can employ in your marketing plan The amount of inspiration per minute is more than satisfying and I still wasn't able to cover all I have learned from this literature review! If you aspire to become a growth hacker after listening—make sure to take a look at the original articles that were covered in this episode!
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2 years ago
40 minutes 19 seconds

Science of Business by Valueships
The Science of Success in Lean Startup and Business Modelling with Chris Welter
Do you find insights from other companies valuable? It's like multiplying your experience, isn't it? What if you received a combined insight from 120 startups? Imagine how many pitfalls you could avoid, how many great ideas you could replicate. Pretty exciting! That's how excited I got when I recently came across a scientific paper that combined experiences of multiple entrepreneurs with Lean Startup, Business Modelling and Business Success. Tons of valuable, practical insights and I imagine even more knowledge stayed outside that paper... Combined experiences from 120 different startups. That's some bestseller material! Listen to this episode to learn what Chris Welter discovered after speaking with multiple startup founders. My guest, working currently as Assistant Professor @Miami University is researching entrepreneurial success for over a decade, and during the interview I tried to gather as many insights from him as possible.
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2 years ago
34 minutes 30 seconds

Science of Business by Valueships
8 Science-Based Tips for Better Content Marketing
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
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2 years ago
38 minutes 27 seconds

Science of Business by Valueships
The Importance of Status in Your Business Career with Radek Czahajda
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!
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2 years ago
32 minutes 1 second

Science of Business by 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