Think: Business Futures

On this episode, we’re looking at collective aggregation and the appeal for each of us to make small contributions to grand collective outcomes. Consumer Psychologist, Adrian Camilleri joins us to explain how this strategy works from a marketing perspective. Plus, we speak to Andy Ridley, Co-Founder of Earth Hour, about the power of symbolism in aggregate action. Further Reading: Watch the Earth Hour 2007 ad here. For more information on Adrian’s research visit his website or the UTS website. Andy Ridley is CEO of Citizens of The Great Barrier Reef. People from around the globe have continued to turn out the lights for one hour each year. More information on Earth Hour can be found on their website. Music: Rupert Sachs, S.A. Karl, Isola James, Ookean, In Dawn Credits: Earth Hour advertisement-City of Sydney/ James Newton Howard

On this episode of Think Business Futures, we took a look at the business behind academic publishing. We examine the production side, by speaking with Ros Attenborough, an early career researcher at the University of Edinburgh. Then, David speaks with a consumer- in this case, Belinda Tiffen at the UTS Library. Finally, our producer, Jason, speaks with Ginny Barbour, Director of the Australasian Open Access Strategy Group about the vision for open access in the academic world. Further reading: For more information on open access, including the glossary of terms, check out this guide. Virginia (Ginny) Barbour works at the Office of Research Ethics & Integrity and the Division of Technology, Information and Learning Services at Queensland University of Technology(QUT). She is also the Director of the Australasian Open Access Strategy Group. Belinda Tiffen is the Director of Library Resources at the University of Technology Sydney library. The UTS open access repository, known as OPUS is available here. Mu

In the lead up to the recent Australian federal election, David and Nicole interviewed social researcher Rebecca Huntley and senior lecturer in economics, Jingjing Zhang. The information was in and the polls had led to predictions of the outcome. As we all now know, the outcome of the election was a surprise to everyone, particularly the major parties. In light of the shock results, the team went back into the studio to go back to the theory in light of the information and unpick what happened. By going back to the interviews, Nicole and David ask: What does it mean to have opinion polls and what does it mean to vote? Further Reading: Rebecca Huntley’s article, Australia Fair, is available from the Quarterly Essay in any good book shop. You can find more information on Jingjing’s research on the UTS Business School website. For official election information, visit the Australian Electoral Commission’s website Music: Gunnar Johnsen, Fabien Tell, Dew Of Light, Peter Sandberg, Flouw, Rand Aldo and Mo S

With the help of the internet, social media platforms and smartphones, we have seen the emergence of a new breed of celebrities - so-called ‘influencers’. Who are these people and how do they differ from more typical celebrities such as pop stars or athletes? On this episode, we’re looking at celebrity capital. On this episode, we’re looking at celebrity capital with Francois Carrillat, Associate Professor of Marketing at the University of Technology Sydney. Plus, we find out how the business of influencer marketing works with Genevieve Day, Founder of Day Management. Further Reading: Genevieve Day is the Founder and Director of Day Management You can find more information on Francois’ research on the UTS website We just scratched the surface on Pierre Bourdieu but if you're interested- here's a starting point Music: Gunnar Johnsen, Ramin, Trabant 33 and Brendon Moeller Special thanks to: CNBC for Usain Bolt and Michael Vick coverage audio Executive Producer: Jason L'Ecuyer

On this episode, we’re talking about death. Specifically, we take a look at end-of-life care in Australia from an individual and societal view. Distinguished Professor Jane Hall from the University of Technology Sydney discusses how health economics and individual choice together can improve the way we do end-of-life care. Plus, Nicole speaks with a palliative care nurse about how to plan for the final stages of life. Further Reading: If you’d like to share your care experiences participate in professor Jane Hall’s survey, you can email endoflifecare@chere.uts.edu.au. Starting the conversation about end of life care can be difficult, if you need help with where to start, visit dyingtotalk.org.au or Palliative Care Australia. In Australia, you can find state-by-state information on advanced care directives through Advance Care Planning Australia Thanks to Grace Keyworth and Kate Reid, Nurse Practitioner, National Clinical Advisor from Palliative Care Australia Thanks to Grace Keyworth and Kate Reid, N

Every year, journalists from around the country are locked into a room in Canberra with the task of making sense of the government's proposed federal budget. The coverage usually falls along the lines of winners and losers. But how does something as massive as a country’s budget get made? On this episode, we speak with Matt Flavel from the Department of the Treasury to find out how something so big and complex gets made. The answer- lots of takeaways and a usb sent to the printer. Further Reading: Matt Flavel is the Deputy Secretary at the Australian Department of the Treasury The Federal Budget can be found here as of 7:30pm on April 02 Follow Treasury on Twitter @Treasury_AU If you can't get enough of the federal budget process, you can visit the Department of Finance website to learn more. The Charter of Budget Honesty Act 1998 (The Charter) sets out principles and requirements that guide the government’s management of fiscal policy.

A hundred years, ago most businesses counted their value in solid objects like ships, buildings, pipelines and heavy machinery. But in the 21st century, the value of a company is much more likely to reside in the immaterial world…..Welcome to the world of The Intangibles! On this episode, David and Nicole speak to Distinguished Professor Stephen Taylor from the UTS Business School Accounting Discipline the rift in the accounting world due to the calculation of intangible assets. Plus, Paola Norambuena (Interbrand) and Mark Ritson (University of Melbourne) discuss brand valuation and how companies make it onto the list of best global brands. Further Reading: Paola Norambuena is the Chief Strategy Officer at Interbrand Australia Mark Ritson is an Adjunct Professor in Marketing at University of Melbourne To find out more about Stephen Taylor’s research, visit his profile on the UTS Business School website. Interbrand Best Brands Top 15 brands timelapse since 2000 Publicly traded companies are required

Women’s professional sport has quickly developed in Australia over the past few years. Historically, there have been far fewer women’s professional sport leagues with enough sponsorship to pay athletes full time. This started to change beginning with netball, basketball and rugby and now Australian rules football (AFLW). The meteoric rise of the AFLW, it's become clear that the time has finally come for women’s professional sport. But there are still fundamental equity issues around sponsorship, media coverage and importantly, how athletes are paid. On this episode, Nicole and David take a look at the professionalisation of women’s sport in Australia. Tracy Taylor from the UTS Business School joins us in the studio to tell us about her research into women’s professional sport. Later, we interrupt gold medal winner and AFLW rookie, Chloe Dalton, during Carlton training to tell us about her experience in professional sport. Further Reading: Tracy Taylor is Professor of Sport Management with the UTS Busines

During our lifetimes, we all make healthcare decisions. Do you go to the doctor to get something checked out, or wait for it to get better? In Australia, you may choose between Medicare and private health insurance. These healthcare decisions are made on a personal level by weighing the costs and benefits. So how are these decisions made? How do you measure the value of healthcare? Fundamentally, how do you put a dollar figure on a life? On this episode, we’re speaking with Richard De Abreu Lourenco, Associate Professor in Health Economics, about how we calculate the cost of life, and how these sorts of calculations figure in the way resources are allocated within our society. Further Reading: The Pharmaceutical Benefits Scheme Medical Services Advisory Committee Quality Adjusted Life Years (QALY)

On this episode, we dive further into our collaboration with History Lab on the first deposit into Australia’s oldest bank by asking- Why do we trust banks? We speak with Harry Scheule, Professor of finance, about how and why banks operate on trust and how that has changed since the Royal Commission into banking. Harry is a member of the Retail Banking Council of FINSIA and occasional advisor to the financial service industry including banks, banking regulators and government. Further Reading: More information on Harry’s research can be found on the UTS website The Australian Securities and Investments Commission (ASIC) enforce and regulate company and financial services laws to protect Australian consumers, investors and creditors Australian Prudential Regulation Authority (APRA) promotes prudent behaviour with the key aim of protecting the interests of depositors, policyholders and superannuation fund members. The Reserve Bank of Australia seeks to foster financial system stability and promotes

Money has been described as one of the most important systems of trust that humans have created to date. Whether you pay in cold, hard cash or with the tap of a credit card, you use it every day. But have you ever wondered, what is money? This episode of largely based on an investigation for another podcast called History Lab. If you haven’t listened to the episode yet, we highly recommend you go listen to that first. The Bank, the Sergeant and his Bonus should be listed as the previous episode in your feed. Peter Docherty is an Associate professor of Economics at the University of Technology Business School.

In 1817, the Bank of New South Wales opened as the first financial institution in the Australian colonies. But when the first customers arrived for the grand opening, they found someone had already made a deposit. Where did the money come from? Our producers, Jason and Nicole, follow the record trail and discover the uncertain foundations of Australia’s first bank. This episode is a collaboration between the UTS Business School, The Australian Centre for Public History and 2ser Radio in Sydney. We'll have two bonus episodes on banks, trust and money in the coming weeks. Further Reading: Colonial Frontier Massacre Map – (University of Newcastle in consultation with The Wollotuka Institute and AIATSIS) Executive Producer: Tom Allinson Producer: Jason L'Ecuyer Collaborating researcher: Nicole Sutton Sound Design: Joe Koning Host: Tamson Pietsch Script Advisors: Lauren Carroll Harris and Ellen Leabeater

What is it like inside the mind of a designer? How can they see what makes a good design? Is it a particular shape, a feeling, an experience or process? On this episode of Think: Business Futures, we speak with Casey Hyun about how to think like a designer. Casey is responsible for the iconic Hyundai Fluidic Sculpture design philosophy. Plus, David and Nicole were also joined by Jochen Schweitzer, Associate Professor and Director Entrepreneurship at the UTS Business School, to tell us about what the business world can learn from design thinking. Further Reading: More information on Jochen Schweitzer’s Design Thinking course can be found here More information on the design led innovation at U.Lab can be found here. Casey is the founder and director of Global Design Index.

As part of Indigenous Business Month in October, the UTS Business School and Jumbunna Institute for Indigenous Education and Research, hosted a panel event called UTS Women Mean Business. The panel featured three Indigenous business women who discussed and reflected on their experiences working in and founding their own commercial organisations. On this episode, we drop in on the panel discussion to hear about Indigenous women’s experiences in the business world. Plus, David and Nicole are joined in the studio by Robynne Quiggin, a Professor of Practice in Indigenous Business and Director of Indigenous Strategy at UTS Business School Further Reading: You can find more information on Robynne’s work at the UTS Business School here. Dean Jarrett is a proud Gumbaynggirr man and Lecturer in the Management Discipline at the UTS Business school. You can find more information on Dean here.

On this episode, we’ve crowd-sourced economics questions from friends, family and our listeners on Facebook and Twitter. A few of the toughest questions come from a few high school students studying for their Higher School Certificate (HSC). Renowned Economist, Warren Hogan answers these questions and shares his insight into the economic forces that affect us from day to day. Further Reading: More information on Warren Hogan’s career at the Australian Government Treasury, NSW Government, Westpac, Credit Suisse and ANZ can be found here. Professor Warren Hogan can be contacted via the UTS staff profile Music by: Gunnar Johnsén, Rannar Sillard and Niclas Gustavsson

Most of us would be hard pressed getting through a day without interacting with at least one platform business: Airbnb, Uber, eBay, Amazon, Kindle, Google. But do we really understand how these businesses work? How do they make money? How do they differ from conventional ways of doing business? And what wider implications does the rise of platforms have for our economy and society? On this episode of Think Business Futures, David and Nicole look at the theory and practicalities of platform businesses with Professor Haim Mendelson. Further Reading: You can find more of Hiam Mendelson’s work at Stanford University Business School You can find more information on Vanouhi's platform business, Kindershare, here. Music by: Emil Axelsson, Johannes Bornlöf and Vieveri

Is making better choices making you unhappy? Homo Economicus, or ‘economic man,’ is someone who always makes the most rational financial decisions based on self interest. This idea forms the basis of many theories about how we consume. If we always make the most rational decision, then having more options to choose from will allow us to maximise our decision in order to achieve the best outcome. But what if we don’t behave like homo economicus and prefer to choose the option that is ‘good enough?’ On this episode, we speak with early career researcher, Alex Belli, about choice and consumer well being. Further Reading: You can read more about Alex’s research here. Barry Swartz is a professor of psychology and economics at Swarthmore College and the author of The Paradox of Choice. You can read Iyengar and Leppar’s famous ‘jam study’ here. Alain De Botton’s Status Anxiety examines the psychological impacts of consumption. You can read Jennifer Aaker’s article How Happiness Affects Choice in the Journa

In the commercial context, research and development, or R&D, is a strategic choice made by a business in the pursuit of competitive advantage. But what does this for governments funded R&D? Should society expect an immediate return on investment in the same way? On this episode of Think Business Futures, we turn the tables on our co-host Nicole Sutton, to ask why a society would choose to fund R&D with taxpayer money. Further Reading: You can read more about the CSIRO’s early history here David Thodey (@davidthodey) is the current chair of the Commonwealth Scientific and Industrial Research Organisation or CSIRO The Science and Industry Research Act (1949) established the CSIRO. You can read the act here. Australia 2030: Prosperity Through Innovation Oliver Williamson developed Transaction Cost Economics, for which he was awarded the Nobel Prize. You can read Nicole’s research on the Australian cotton industry here

How would the finance industry and society as a whole benefit from a stronger ethical framework? After the fallout from the 2008 Global Financial Crisis, many people would say that ethics and finance are an oxymoron. On this episode, we speak to Gerhard Hambusch, Senior Lecturer in finance at the University of Technology Sydney, about teaching ethics to finance students. Gerhard believes the finance industry can work to instill a public trust in the fairness of markets through ethical training and practice. Further Reading: You can find Gerhard on Twitter @GerhardHambusch, LinkedIn or on the UTS website. Still not clear on the legal definition of insider trading in Australia? You can find the relevant legislation in the Corporations Act 2001 Section 1043A Dr Simon Longstaff is the Executive Director of The Ethics Centre For more information on the Chartered Financial Analyst Program, visit The CFA Institute Music: Michael Meem, Peter Sandberg and Matt Haik

On this episode, we speak to Peter Siminski, professor of economics at the University of Technology Sydney, about income mobility in Australia. Plus, Nicole speaks to former New South Wales Premier and Foreign Affairs Minister, Bob Carr about the importance of equality of opportunities in Australia Further Reading: Household Income and Labour Dynamics in Australia (HILDA) Survey Bob Carr’s new book Run For Your Life is available in bookstores now. All proceeds go to UNHCR to children displaced by the Syrian War. Professor James Heckman on the ‘ returns on early childhood education’ More information on Peter Siminski’s research can be found on the UTS website