In this episode of the Crazy Wisdom Podcast, host Stuart interviews Maranda Dziekonski, a CS executive and CCO. They talk about business, touching on topics like the importance of human aspects in business, the power of having a strong mission, and addressing company crises. Dikonsky also explains how she defines business and shares intriguing insights about the role of philosophy in business. Further, they discuss the state of manufacturing in the U.S. and how AI might affect the world of work. She also provides tips for startups on maturing while maintaining their core ethos. The conversation delves into contrasting the perceptions around the end of San Francisco's reign as a tech hub.

00:02 Introduction and Guest Welcome
00:23 Understanding Business: A Deep Dive
01:03 The Importance of People in Business
03:04 Bridging the Gap between Ideals and Reality in Business
07:08 The Role of Philosophy in Business
07:22 The Human Component in Business
08:24 The Challenge of Measuring ROI
09:20 The Value Cycle and Problem Statements
20:26 The Future of Manufacturing
23:29 The Impact of AI on the Tech Industry
26:00 Chat GPT and its Impact
26:30 Critical Thinking in the Age of AI
28:26 Challenges of Dealing with Automated Systems
29:50 The Pendulum Swing in Customer Service
31:39 The Competitive Landscape of Startups
32:39 Life's Challenges and Managing Stress
37:42 The Hippie-Business Connection in Startups
44:48 The Evolution of Tech Hubs: From Michigan to San Francisco
46:54 Is San Francisco Dead? The Future of Tech Hubs

 

1. Definition of Business

   • Maranda defines business as a transaction between two entities, which could involve exchanging money for a service or a service for another service.

2. Learnings in Business

   • Emphasizes the importance of people in business.
   • Shares a personal experience from the SVB crisis, highlighting the value of transparency and honesty in leadership. Team members offered to delay their paychecks, illustrating the strength of a committed and inspired workforce.

3. Bridging the Gap Between Ideals and Reality

   • Maranda stresses the need for flexibility and contingency planning in business.
   • Highlights the human component in business planning, accounting for personal desires, and motivations.

4. Importance of Diverse Perspectives

   • Advocates for including multiple perspectives in business processes and decisions.
   • Discusses the culture of debate and openness in her current company, where challenging ideas, even those of higher executives, is encouraged.

5. Philosophy and Business

   • Believes that business and philosophy are interlinked, especially when dealing with human behaviors and decisions.
   • Points out the human-driven nature of ROI (Return on Investment) and its subjective assessment.

6. Handling Intangibles in Business

   • Discusses the challenges and methods of quantifying intangibles, like time savings in processes.
   • Shares experiences from her past roles to illustrate how intangibles can be made tangible through efficiency gains.

7. Manufacturing and AI's Impact on Jobs

   • Reflects on her manufacturing background and the ongoing relevance of manufacturing jobs.
   • Discusses the potential disruptive impact of AI on tech jobs, emphasizing the need for critical thinking skills.

8. Balancing Tangible and Intangible Aspects in Business

   • Highlights the unpredictability in business and life, advocating for adaptability and understanding that not everything can be measured or foreseen.

9. Manufacturing in the U.S. and Global Supply Chain

   • Shares insights on the fragility of the supply chain and the complexities of onshoring manufacturing.

10. Future of Work and Human Skills

• Ponders over the future role of humans in an increasingly automated world, stressing the importance of skills that are uniquely human, like critical thinking.

Conclusion

• Maranda’s insights reflect a deep understanding of the human element in business and the need for adaptability, diversity, and ethical leadership.
• She stresses the importance of preserving company ethos during growth and balancing the drive for innovation with operational maturity.

Notable Quotes

• "People matter more than most leaders credit in their business plan."
• "Flexibility is key in business; expect plans to fail and have backups."
• "Multiple perspectives are crucial for a well-rounded business approach."
• "Human behavior plays a significant role in ROI and business decisions."
• "Efficiency and innovation can make intangible benefits tangible."
• "Critical thinking will be a safeguard against automation in jobs."
• "The unpredictability of life and business requires adaptability."
• "Manufacturing's complexity cannot be overlooked in the push for onshoring."
• "The future of work may pivot more towards uniquely human skills."
• "Maintaining company ethos is crucial during growth and scaling."