April 2022

Episode #387: Third Interview with Dr. Jules Goddard

Ron and Ed welcomed back for the third time Dr. Jules Goddard from London Business School. His new book (with David Giles Lewis and Tamryn Batcheller-Adams) entitled Mavericks guides you through the five characteristics that you can develop to become a maverick leader. From passionate belief, an undeterred attitude, being resourceful, being directional and finally experimenting, these characteristics are the blueprint for you to grow into an iconic and positive change maker. The focus is not on what becoming a leader can do for you, but on what you can do to make the world a better place.

dr jules goddard mavericks book

Many of our listeners know him, but here is a bit more about Dr. Jules Goddard:

Dr. Jules Goddard earned his MA at Oxford, an MBA from Wharton, and his PhD from London Business School. He's a Guest Lecturer at INSEA and formerly Gresham Professor of Commerce and Mercers School Memorial Professor at The City University. He is currently Research Associate of the Management Lab MLab at London Business School. He's a teacher, writer and consultant in the areas of business creativity, strategic thinking, leadership and corporate transformation.

Here are the show notes. Use these to follow along while listening to the show:

  • Dr. Jules Goddard has been with us twice before. The first time was episode 27 and we discussed his book, "Uncommon Sense, Common Nonsense" https://www.thesoulofenterprise.com/27

  • During his second appearance, we caught up with him effectively mid-pandemic in episode 315 https://www.thesoulofenterprise.com/315

  • Regarding his new book, Mavericks, Dr. Goddard says: “We are all mavericks but not all of us are able to express our inner self. The world is short on mavericks, those who are entrepreneurs in more ways than just business.”

  • Regarding Mavericks from Dr. Jules Goddard: We need candidness is this complex modern world. Mavericks are true to themselves and hopefully can express it with a bit more confidence.

  • “There is a sense that individualism is a fairly recent phenomenon. We welcome dissent. We like difference in opinion. This is part and parcel of the whole business of being a Maverick.” —Dr. Jules Goddard

  • What is the etymology of the word Maverick? It is from the name of Samuel A. Maverick (1803–70), a Texas rancher who did not brand his cattle (which was considered very nonconformist at the time).

  • Are Maverick leaders born or made? From Dr. Goddard: “They are educated. They are made. We typically contrast nature vs nurture but the third element is CHOICE.”

  • “Mavericks are recognized less by their personality than by their character.” —Dr. Jules Goddard

  • Check out our Patreon show at Patreon.com/TSOE featuring bonus and commercial-free episodes. Now sponsored by 90 Minds! “More minds are better than one!” Check them out at 90Minds.com

  • “To solve a problem, you first have to specify a problem — to specify the problem worth solving.” —Dr. Jules Goddard

  • From Dr. Goddard: Work with those whom you love working with. They will draw out your skills and interest within. In a setting where you have no power to do the work you love it’s very difficult to find the energy/inspiration to make a difference.

  • Why is resourcefulness a big differentiator for problem solving? This is common in someone who wants to work with others of a different mindset. In other words, “Mavericks attract other Mavericks.”

  • When we’re making decisions in business we WANT lots of thoughts. Many decisions go against our own tastes and preferences. So how do we retain loyalty in those instances? Take other’s thoughts seriously and improve upon them.

  • “Maverick leaders are inspired by a problem in need of a solution.” —Dr. Jules Goddard

  • “Entrepreneurs…Mavericks…act on the world in order to think rather than think before acting. We discover what we believe to be true by trying a ton of stuff out. We don’t invest too much time on analysis, thought, and planning.” —Dr. Jules Goddard

  • “In children, playfulness is the basis upon which a child learns fast. A fear of even making the slightest mistake disables us from being successful later on.” —Dr. Jules Goddard

  • From Dr. Goddard: “We do not honor our greatest people. We very rarely thank them. The modern tendency is to believe they are greedy, exploitative, or lucky. But they put themselves out in the world and created a difference.”

  • Mentioned by Ron today, “Meh, good enough.” (image below)

  • How can organizations be created with the culture and structure to support Maverick leadership? The question should be: Why don’t the insides of organizations look more like the outside of organizations. For example, why don’t we bring more market forces internally?

  • “All truths come through metaphor.” —Dr. Jules Goddard on things in business that benefit from a “successful crash” of an idea that simply does not work.

  • A big THANK YOU to Dr. Jules Goddard. Be sure to check out his new book, Mavericks, and learn to make a difference! https://amzn.to/3uZJ96j

  • Here is a collection of articles from Dr. Jules Goddard for further reading as well: https://www.london.edu/think/search#q=goddard&sort=%40articledate%20descending

meh, good enough

Bonus Content is Available As Well

Did you know that each week after our live show, Ron and Ed take to the microphone for a bonus show? Typically, this bonus show is an extension of the live show topic (sometimes even with the same guest) and a few other pieces of news, current events, or things that have caught our attention. 

This week was bonus episode 388 - “Mediocretes”. Here are a few links discussed:

Click the “FANATIC” image to learn more about pricing and member benefits. 

Episode #386: Second Interview with Chris Edwards of Cato on Tax Policy

Back in January with spoke with Chris Edwards about how wealth fuels economic growth. We welcome Chris back to talk about his other area of expertise - US tax policy. Join us on "Tax Day" (well sort of, it was extended to April 18 this year), for what will be a lively and wide ranging conversation about this topic that effects everyone.

chris edwards cato

Before we get to the show notes, here is a bit more about Chris Edwards:

Chris Edwards is the director of tax policy studies at Cato and editor of www.DownsizingGovernment.org. He is a top expert on federal and state tax and budget issues. Before joining Cato, Edwards was a senior economist on the congressional Joint Economic Committee, a manager with PricewaterhouseCoopers, and an economist with the Tax Foundation. Edwards has testified to Congress on fiscal issues many times, and his articles on tax and budget policies have appeared in the Washington Post, Wall Street Journal, and other major newspapers. He is the author of Downsizing the Federal Government and coauthor of Global Tax Revolution. Edwards holds a B.A. and M.A. in economics, and he was a member of the Fiscal Future Commission of the National Academy of Sciences.

Here are the show notes. Use these to follow along while listening to the show:

  • Chris recently wrote “Exploring Wealth Inequality” which counters Thomas Pickety and his erroneous data. Link here: https://www.cato.org/sites/cato.org/files/2020-01/pa-881-updated-2.pdf

  • We don’t have good information on wealth and wealth distribution in the US. The idea of wealth inequality is not easy to get to without official data. For example, tax returns only cover about 60% of income earned in the United States.

  • In the US, you can become wealthy in the market because it is so dynamic. 70% of the Forbes top 400 are self made. In other countries, cronyism is more prevalent and it is easier for families to retain wealth over generations.

  • The OECD for two decades have been increasingly pushing for global level tax rules. This is currently the “global 15% tax” that you might have heard about. Here are Chris’ thoughts on the Cato site: https://www.cato.org/blog/g-7-corporate-tax-agreement

  • On the show today, Chris Edwards remarked that “it’s a win-win when you cut tax rates” to which Ed invoked the Laffer curve. Well done! https://www.investopedia.com/terms/l/laffercurve.asp

  • Our Patreon channel, at Patreon.com/TSOE, is sponsored by some of our Patrons. For example, we would love to give a shoutout to Blake Oliver of EarmarkCPE.com. Earn CPE credits for listening to podcasts just like this one!

  • Is it true that the IRS only audits the poor? The EITC and other refundable credits have a long history of error and fraud rates. This rates have been as high as 25-30%. It’s a massive spending program in the tax code with high fraud rates.

  • “Tying up financial accounting to the government’s tax accounting is a really bad idea.” Here are some deeper thoughts from Chris: https://www.cato.org/blog/democratic-tax-plan-would-corrupt-financial-statements

  • The optimal tax gap is not zero. This would mean IRS agents knocking on everyone’s door and intrusion into every laptop in the US. This is not on balance with our expected civil liberties. Around 3-6% of GDP is the level for the US with 6-10% in the EU.

  • Every nation has a tax gap which creates the “shadow economy”. These are activities outside of the government’s scope. The US has a much smaller shadow economy compared to other free countries.

  • 60-90% of IRS audits are incorrect. If that number shocks you, it shouldn’t. Chris has quite a few more figures in his article “Simplify Tax Code to Solve IRS Mess” https://www.cato.org/blog/simplify-tax-code-solve-irs-mess

  • Bonus episodes and commercial free episodes are available at our Patreon channel, Patreon.com/TSOE, which is sponsored by @90Minds. Need a mind? Hire one at 90Minds.com

  • Should the government offer a pro forma tax return instead of citizens figuring it out? Not exactly. Chris believes in a simplified tax code instead of a pro forma return.

  • Every employee pays a 15% income tax to the federal government. It’s not half from the employee and half from the company. The employee is “fully burdened” which should be obvious to anyone paying attention.

  • “We don’t need the government inventing new taxes and putting a wet blanket on new technologies.” —Chris Edwards

  • “We know the wealth tax is a horrible idea because even the giant welfare states in Europe have gotten rid of them.” —Chris Edwards

  • Chris mentioned “civil liberties” related to IRS tax enforcement several times today on the show. What exactly does he mean? Fortunately, he wrote a full article on it at this link https://www.cato.org/blog/irs-tax-enforcement-vs-civil-liberties

  • Interesting fact from today’s chat with Chris Edwards: Did you know that some high income western counties do not tax capital gains at all?

  • The Government Accountability Office and the taxpayer advocates group recently discovered that the IRS is only answering about 15% of phone calls from confused American taxpayers.

  • A big THANK YOU to Chris Edwards for joining us today. Beyond his lengthy bio he is also the editor of DownsizingGovernment.org


Bonus Content is Available As Well

Did you know that each week after our live show, Ron and Ed take to the microphone for a bonus show? Typically, this bonus show is an extension of the live show topic (sometimes even with the same guest) and a few other pieces of news, current events, or things that have caught our attention. 

Click the “FANATIC” image to learn more about pricing and member benefits. 

Episode #385: Social Entrepreneurship Summit: Kimberlee Josephson & Sam Staley

Two fan favorites from 2021 return to join Ron and Ed in what no doubt was a spirited conversation about Social Entrepreneurship, Kimberlee Josephson (Episode 360) and Sam Staley (Episode 367). Kimberlee is an Associate Professor of Business, Associate Dean for the Breen Center for Graduate Success at Lebanon Valley College; Sam is the director of the DeVoe Moore Center at Florida State University. Ron and Ed will (mostly) be along for the ride on this one as two of the foremost thinkers in this area will share (and maybe even spar a little about) their ideas surrounding social entrepreneurship. Don't miss this one!

This was SUCH an interesting conversation that typical show notes would simply not do these two amazing guests justice. We have created a series of audio clips from the show of some of the most significant highlights.

  • What is Social Entrepreneurship? Hear a quick definition from Sam Staley.

 
 
  • What is Social Entrepreneurship? Hear a quick definition from Kimberlee Josephson.

 
 
  • What is the difference between social problems and issues vs social entrepreneurship? Listen to Sam Staley explain.

 
 
  • How does Kimberlee Josephson feel about “buy one, give one” social programs?

 
 
  • Sam Staley wants you to create something of value with a revenue stream. Hear the details in this video.

 
 
 

About Kimberlee Josephson

Dr. Kimberlee Josephson is an Associate Professor of Business, Associate Dean for the Breen Center for Graduate Success at Lebanon Valley College in Annville, Pennsylvania, and Adjunct Research Fellow with the Consumer Choice Center. Her academic background is in international studies and strategic management and she teaches courses covering topics on global sustainability, international marketing, and workplace diversity. Prior to serving in academia, her professional career spanned from working in sales in Manhattan, as a producer for a web marketing firm, freelancing for on-air promotions at QVC, and as a research assistant for an international NGO. Her op-eds have appeared at University Business, Quartz at Work, and PA Capital Star. She holds a doctorate in Global Studies and Commerce from La Trobe University in Australia, a master’s degree in Political Science from Temple University in Philadelphia, another master’s degree in International Policy from La Trobe University, and a bachelor’s degree in Business Administration with a minor in Political Science from Bloomsburg University.

About Samuel Staley

Sam Staley became director of the DeVoe Moore Center in January 2014 after serving as Managing Director from September 2011 to December 2013. In addition to his responsibilities providing strategic direction and supervision of center operations and programs, he teaches advanced undergraduate and professional masters courses in social entrepreneurship, economic development, land use and regulation, urban policy, and research methods. Prior to joining Florida State, Dr. Staley was the Robert W. Galvin Fellow at Reason Foundation, an internationally recognized public policy think tank based in Los Angeles where he worked on issues such as transportation system management and performance, public private partnerships, growth management, and regulatory reform. While at Reason Foundation, he managed the China Mobility Project, traveling to China more than 30 times as supervisor of academic research projects on transportation policy and finance. He has more than 25 years of experience in urban policy and is the author, co-author, or editor of five books on public policy and more than 100 professional articles and reports. His research has appeared in leading academic journals, including the Journal of the American Planning Association, Housing Policy Debate, Town Planning Review, Transportation Research Part A: Policy and Practice, and the Journal of Transportation Engineering.


Bonus Content is Available As Well

Did you know that each week after our live show, Ron and Ed take to the microphone for a bonus show? Typically, this bonus show is an extension of the live show topic (sometimes even with the same guest) and a few other pieces of news, current events, or things that have caught our attention. 

This week was Bonus episode 385 - “The Smell of Twitter Musk” and here are a few links we discussed:

Click the “FANATIC” image to learn more about pricing and member benefits. 

Episode #384: Bric-A-Brac

Ron and Ed have had so many Guests in the past few months that certain housekeeping items have gone neglected. In this episode they will rectify that and answer listener email and, of course, talk about subscription stuff. Previous to the live episode, you could email asktsoe@verasage.com with a question. Ron and Ed worked those into the show but you can ALWAYS email them at the same address with any questions about shows/topics.

Before the show notes, what’s a bric-a-brac?
/ˈbrikəˌbrak/ noun — miscellaneous objects and ornaments

Below are the show notes. Use them to follow along while listening to the podcast:


Bonus Content is Available As Well

Did you know that each week after our live show, Ron and Ed take to the microphone for a bonus show? Typically, this bonus show is an extension of the live show topic (sometimes even with the same guest) and a few other pieces of news, current events, or things that have caught our attention. 

Click the “FANATIC” image to learn more about pricing and member benefits.