Private Innovation in the Public Interest

113: Audra Wormald. How David overshadowed Goliath to create a new way of banking in low-income settings

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jakson 113: Audra Wormald. How David overshadowed Goliath to create a new way of banking in low-income settings kansikuva

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Professor Audra Wormald of the University of North Carolina’s Keenan-Flagler Business School left a promising career in intellectual-property analysis and consulting to study innovation in the business of banking.  She wrote her PhD thesis on the ways in which local companies in developing markets were more effective than multinational banks in serving low-income customers, particularly in Tanzania.   In this conversation with Anita, Audra discusses how entrepreneurs in low-income settings respond with resilience and insight to the opportunities before them.  This is about more than only economics.  It’s about the psychological benefits to the entrepreneur of self-efficacy.A

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jakson 113: Audra Wormald. How David overshadowed Goliath to create a new way of banking in low-income settings kansikuva

113: Audra Wormald. How David overshadowed Goliath to create a new way of banking in low-income settings

Professor Audra Wormald of the University of North Carolina’s Keenan-Flagler Business School left a promising career in intellectual-property analysis and consulting to study innovation in the business of banking.  She wrote her PhD thesis on the ways in which local companies in developing markets were more effective than multinational banks in serving low-income customers, particularly in Tanzania.   In this conversation with Anita, Audra discusses how entrepreneurs in low-income settings respond with resilience and insight to the opportunities before them.  This is about more than only economics.  It’s about the psychological benefits to the entrepreneur of self-efficacy.A

Eilen24 min
jakson 110: Brent Goldfarb. Great scientists think big, think long-term, and have integrity kansikuva

110: Brent Goldfarb. Great scientists think big, think long-term, and have integrity

Professor Brent Goldfarb studies big ideas, arguing that short-term investor pressures can cause firms to innovate less than they might otherwise.   Brent also studies how well-intentioned corporate innovators may pull the plug on their work once they achieve results that are good enough to pass muster – even when breakthroughs are just around the corner.  With training in both economics and computerscience, he brings a long view – an historian’s sensibility – to trajectories of scientific commercialization through corporate action.   Despite all the challenges, Brent remains excited and optimistic that science can deliver the insights we need forprosperity in the face of AI.

25. kesä 202630 min