Business Talk

Professor Benjamin Arold, a faculty member in the Department of Economics at the University of Cambridge, shares compelling insights from his research titled “The Value of Worker Rights in Collective Bargaining.”

This research introduces innovative natural language methods to measure worker rights from 30,000 Canadian collective bargaining agreements (1986–2015). By parsing legal obligations and rights using unsupervised text-as-data techniques, it shows that stronger worker rights correlate with pro-worker management practices. The study finds that higher labor taxes shift compensation from wages to untaxed amenities like worker rights, and that improved outside job options lead to stronger worker rights clauses. Overall, a one-standard-deviation increase in worker rights is valued at approximately 5.7% of wages.

Prof. Benjamin, previously served as a postdoctoral researcher at the Center for Law & Economics at ETH Zurich and holds a Ph.D. in Economics from LMU Munich. He has also held visiting positions at Harvard University and Princeton University.

Dr. Arold is an applied microeconomist with research interests in labor and education economics, the economics of religion, and the intersection of AI and economics. His work explores how school curricula shape student achievement, beliefs, choices, and long-term labor market outcomes. Another strand of his research leverages tools from AI, natural language processing (NLP), and computational linguistics to analyze the impact of economic policies and educational interventions on workers and students. His doctoral thesis received the Best Dissertation Award (2021/2022) from the German Economic Association’s Section on Economics of Education, and he was awarded the Fürther Ludwig Erhard Prize in 2023.

This podcast is brought to you by Global Management Consultancy. For more information, please visit www.globalmanagementconsultancy.com.

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A. The background music used in this video is the property of its respective developer and is protected by Copyright. Although it is a free version, Business Talk, Global Management Consultancy and Deepak Bhatt do not hold the rights to this music.

B. Prof. Benjamin Arold generously shared profound insights from his research, “The Value of Worker Rights in Collective Bargaining,” during his appearance on the Business Talk podcast channel. The uploaded video contains copyrighted material; therefore, any modifications to graphics, music, or the presence of the author or host are strictly prohibited.

All content is © 2025. All rights reserved.

Over the past decade, India has pursued a bold programme of economic reforms alongside impressive growth. Central to these reforms has been the privatisation of the country’s vast public sector - driven by the belief that public enterprises are inherently inefficient and that market competition naturally improves performance. But does this assumption hold up?

In this episode, Prof. T. T. Ram Mohan, former Professor of Finance and Economics at IIM Ahmedabad, draws on insights from his influential book Privatisation in India: Challenging Economic Orthodoxy. Through a combination of rigorous data analysis and real-world case studies, he questions the dominant narrative. His findings reveal that private firms do not consistently outperform public sector enterprises - and that government motives have often been more about raising revenue than improving efficiency. This is a compelling exploration of India’s reform journey, offering fresh perspectives on the public vs. private debate and important lessons for policymakers and scholars across the globe.

Over the course of his career, Prof. T T Ram Mohan has served on several committees, including those of the RBI, and has been associated with the boards of several companies.

Prof. T. T. Ram Mohan holds a Ph.D. from the NYU Stern School of Business, New York University, and is the author of seven books, in addition to having published numerous research papers he has presented his work at various international conferences. A prolific columnist, he has written extensively for leading publications such as The Economic Times, Business Standard, The Hindu, The Times of India, The Indian Express, Financial Express, The Asian Wall Street Journal, The Wire, and Quartz.

This podcast is brought to you by Global Management Consultancy. For more information, please visit www.globalmanagementconsultancy.com.

Disclaimer:

A. The background music used in this video is the property of its respective developer and is protected by Copyright. Although it is a free version, Business Talk, Global Management Consultancy and Deepak Bhatt do not hold the rights to this music.

B. Dr. T T Ram Mohan generously shared profound insights from his book, “Privatisation in India: Challenging Economic Orthodoxy,” during his appearance on the Business Talk podcast channel. The uploaded video contains copyrighted material; therefore, any modifications to graphics, music, or the presence of the author or host are strictly prohibited.

All content is © 2025. All rights reserved.

Prof. Javier Turen, Assistant Professor of Economics at the Pontificia Universidad Católica de Chile shares key insights from his research, "Lumpy Forecasts: How Strategic Concerns and Consensus Pressure Shape Inflation Predictions."

Professional forecasters revise their inflation forecasts in a lumpy manner - characterized by infrequent but substantial adjustments. This pattern reflects more than just new information; strategic considerations play a critical role. Specifically, forecasters are more likely to revise, and to do so by larger magnitudes, when their views diverge from the consensus.

Using a fixed-event forecasting framework, we examine how both lumpiness and peer consensus influence forecast updates. We develop a quantitative model that combines Bayesian belief updating with revision costs and strategic behavior. The model replicates key features observed in survey data, including the lumpiness and apparent overreactions to new information. Importantly, it allows us to extract a "cleansed" measure of forecasters’ true inflation beliefs - distinct from the strategic and mechanical influences that shape reported forecasts.

Dr. Javier earned his PhD in Economics from University College London, and his research interests include Applied Macroeconomics, Information Economics, and Expectation Formation.

This podcast is brought to you by Global Management Consultancy. For more information, please visit www.globalmanagementconsultancy.com.

Disclaimer:

A. The background music used in this video is the property of its respective developer and is protected by Copyright. Although it is a free version, Business Talk, Global Management Consultancy and Deepak Bhatt do not hold the rights to this music.

B. Prof. Javier Turen has generously shared profound insights from his research on "Lumpy Forecasts: How Strategic Concerns and Consensus Pressure Shape Inflation Predictions," during his appearance on the Business Talk podcast channel. The uploaded video contains copyrighted material; therefore, any modifications to graphics, music, or the presence of the author or host are strictly prohibited.

All content is © 2025. All rights reserved.

Prof. Sebastiano Massaro, Associate Professor at Surrey Business School shares valuable insights from his research, "Decoding Organizational Neuroscience: Mapping the Frontiers of a New Discipline."

Prof. Massaro is also a Surrey Fellow affiliated with the Centre for the Digital Economy, the Centre for the Future of Work, and the Institute for People-Centred Artificial Intelligence.

Prior to joining Surrey, he was an Assistant Professor of Behavioural Science at Warwick Business School and co-directed the Global Research Priority in Behavioural Science at the University of Warwick. A trailblazer in the field of Organizational Neuroscience, Dr. Sebastiano co-founded and is the current programme chair of the Organizational Neuroscience and Biology (NeuB) Interest Group at the Academy of Management.

Dr. Sebastiano’s research is both theoretically and methodologically focused on defining the scholarly frontiers of organizational neuroscience. Empirically, he explores how affect and cognition interact in decision-making contexts - ranging from moral to strategic and interpersonal decisions - with a particular emphasis on the healthcare sector, where he also applies AI-driven approaches.

Dr. Massaro holds the first-ever PhD in Management Science from the UCL School of Management. He also earned degrees in Neuroscience from the University of Trieste and the International School for Advanced Studies (SISSA), as well as in Neuroimaging from the University of Edinburgh. His work has been published in leading journals including Nature Biotechnology, The Lancet, Journal of Personality and Social Psychology, and Organizational Research Methods. Prof. Sebastiano has received multiple awards for both his research and teaching, and his work has been featured in international media.

This podcast is brought to you by Global Management Consultancy. For more information, please visit www.globalmanagementconsultancy.com.

Disclaimer:

A. The background music used in this video is the property of its respective developer and is protected by Copyright. Although it is a free version, Business Talk, Global Management Consultancy and Deepak Bhatt do not hold the rights to this music.

B. Prof. Sebastiano Massaro has generously shared profound insights from his research on "Decoding Organizational Neuroscience: Mapping the Frontiers of a New Discipline," during his appearance on the Business Talk podcast channel. The uploaded video contains copyrighted material; therefore, any modifications to graphics, music, or the presence of the author or host are strictly prohibited.

All content is © 2025. All rights reserved.

Prof. Dale Copeland, Professor of International Relations at the University of Virginia, and a leading expert on the origins of great power economic and military conflict, as well as U.S.-China strategic competition shares valuable insights from his book “A World Safe for Commerce: American Foreign Policy from the Revolution to the Rise of China.”

This episode explores how U.S. foreign policy has long been shaped by the need to secure trade vital to national security. Dale Copeland argues that while commerce can promote peace, it can also drive conflict when access to key goods is threatened. Tracing U.S. history from the 18th century to today, he shows how fears over trade disruptions have repeatedly led American leaders from cooperation to confrontation. The book warns of growing U.S.-China tensions but also suggests that improving trade expectations could still pave the way for lasting peace.

Professor Copeland’s research explores the complex dynamics of international relations, with particular emphasis on the origins of economic interdependence between great powers, the logic of reputation-building, bargaining and coercion theory, the interplay between trade, finance, and militarized behavior, and how shifts in economic and military power influence state behavior.

Professor Copeland is the author of The Origins of Major War (Cornell University Press) and many influential articles published in leading journals such as International Security, Security Studies, and the Review of International Studies. His book, Economic Interdependence and War published by Princeton University Press received the International Studies Association Best Book Award in 2017.

Prof. Copeland earned his Ph.D., from the University of Chicago and has received numerous honors for his work, including MacArthur and Mellon Fellowships, and a post-doctoral fellowship at the Belfer Center for Science and International Affairs at Harvard University.

This podcast is brought to you by Global Management Consultancy. For more information, please visit www.globalmanagementconsultancy.com.

Disclaimer:

A. The background music used in this video is the property of its respective developer and is protected by Copyright. Although it is a free version, Business Talk, Global Management Consultancy and Deepak Bhatt do not hold the rights to this music.

B. Dr. Dale Copeland has generously shared profound insights from his groundbreaking book, “A World Safe for Commerce: American Foreign Policy from the Revolution to the Rise of China,” during his appearance on the Business Talk podcast channel. The uploaded video contains copyrighted material; therefore, any modifications to graphics, music, or the presence of the author or host are strictly prohibited.

All content is © 2025. All rights reserved.

Dr. Dhiren Shah, a renowned Cardiothoracic and Vascular Surgeon and Director at Marengo CIMS Hospital, Ahmedabad, shares invaluable insights from his medical journey in “Saving Lives, One Heart at a Time: The Story of Gujarat’s First Heart Transplant Surgeon.”

Dr. Dhiren Shah brings over 20 years of experience and has successfully performed more than 17,000 open-heart surgeries. Originally from Gandhidham, Kutch, he completed his MBBS and MS in General Surgery from B.J. Medical College, Ahmedabad, and earned his M.Ch in Cardiovascular and Thoracic Surgery from the prestigious G.B. Pant Hospital, New Delhi. Dr. Shah is the Chief Heart Transplant Surgeon and Director of the Heart Transplant and Mechanical Circulatory Support Program at Marengo CIMS Hospital, one of India's most advanced and eco-friendly medical institutions, which he co-founded. Dr. Shah is a pioneer in Minimally Invasive Cardiac Surgery (MICS) in Western India and has introduced several firsts, including Gujarat’s first heart transplant, India’s first hybrid CABG, and TAVR procedures. First to do Transaortic TAVI of India .

Dr. Shah has received specialized training in leading global centers including Vietnam, Germany, the USA, and Switzerland in fields ranging from mitral valve repair to artificial heart and LVAD implantation. He is a Vice President of the Indian Society of Heart and Lung Transplantation and a member of the Heart Failure Society of India, Joint Secretary of Society for Coronary Surgery. Dr. Shah leads a dedicated team of 7 surgeons, 4 Anesthetist , 4 Perfusionist and 6 ICU specialist at Marengo CIMS Hospital, consistently performing over 1,000 cardiac surgeries annually. His areas of expertise include complex bypass surgeries, heart failure surgeries, valve repairs, and pediatric cardiac interventions.

Dr. Dhiren is married to Hetal Shah, an architect by profession, and is the proud father of two daughters, Dr. Navyaa and Uditi.

This podcast is brought to you by Global Management Consultancy. For more information, please visit www.globalmanagementconsultancy.com.

Disclaimer:

A. The background music used in this video is the property of its respective developer and is protected by Copyright. Although it is a free version, Business Talk, Global Management Consultancy and Deepak Bhatt do not hold the rights to this music.

B. Dr. Dhiren Shah has generously shared profound insights from his medical journey on “Saving Lives, One Heart at a Time: The Story of Gujarat’s First Heart Transplant Surgeon,” during his appearance on the Business Talk podcast channel. The uploaded video contains copyrighted material; therefore, any modifications to graphics, music, or the presence of the author or host are strictly prohibited.

All content is © 2025. All rights reserved.

Dr. Deval Kartik, Senior Case Study Writer at HEC Paris in Doha, shares valuable insights from her research titled “Mastering the Case Study Method: Writing, Evaluating, and Driving Impact.”

Dr. Deval is an academic with two decades of multicultural teaching experience. Before transitioning to full-time academia, she spent a decade in education and training. Her strength lies in interdisciplinary learning, which she effectively integrates into the diverse courses she teaches. Drawing from methods such as Participatory Rural Appraisal, she applies research techniques to generate consumer insights. Additionally, her consulting experience allows her to incorporate design thinking into the brand communication sphere.

She encourages students to think differently and beyond conventional boundaries, enabling them to explore multiple approaches to problem-solving. This approach helps her facilitate subjects effortlessly across students from various disciplines and cultural backgrounds. Applied research is her passion, and she enjoys writing case studies published by The Case Centre. She is on the Regional Advisory Council of the Case Centre for the Middle East Region.

Dr. Deval earned an MBA in Marketing from the Institute of Management Development and Research, Pune, India, and completed a Ph.D. in Marketing at Anglia Ruskin University, Cambridge, UK.

This podcast is brought to you by Global Management Consultancy. For more information, please visit www.globalmanagementconsultancy.com.

Disclaimer:

A. The background music used in this video is the property of its respective developer and is protected by Copyright. Although it is a free version, Business Talk, Global Management Consultancy and Deepak Bhatt do not hold the rights to this music.

B. Dr. Deval Kartik has generously shared profound insights from her research, “Mastering the Case Study Method: Writing, Evaluating, and Driving Impact,” during her appearance on the Business Talk podcast channel. The uploaded video contains copyrighted material; therefore, any modifications to graphics, music, or the presence of the author or host are strictly prohibited.

All content is © 2025. All rights reserved.

Professor Dante Donati, esteemed faculty member in the Marketing Division at Columbia Business School offers valuable insights from his research, “The Cost of Banning TikTok: Implications for Digital Advertising.”

His research spans a range of empirical topics in Marketing and Economics, with a focus on the impact of information and communication technologies (ICTs) on economic, political, and social outcomes. He also works on methodologies for conducting surveys and experiments on social media and leads large-scale randomized evaluations of social and behavior change communication campaigns.

Dr. Donati has collaborated with global institutions such as the World Bank, the Bill & Melinda Gates Foundation, and various nonprofit organizations. He is also the co-creator of Virtual Lab, an open-source platform for online surveys and social media campaign evaluation. Dr. Donati holds an M.Sc. in Economics with great distinction from Bocconi University, and a Ph.D. in Economics, Finance, and Business - also with great distinction - from Pompeu Fabra University.

The full paper is available at the following link: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5177746

This podcast is brought to you by Global Management Consultancy. For more information, please visit www.globalmanagementconsultancy.com.

Disclaimer:

A. The background music used in this video is the property of its respective developer and is protected by Copyright. Although it is a free version, Business Talk, Global Management Consultancy and Deepak Bhatt do not hold the rights to this music.

B. Dr. Dante Donati has generously shared profound insights from his research, “The Cost of Banning TikTok: Implications for Digital Advertising,” during his appearance on the Business Talk podcast channel. The uploaded video contains copyrighted material; therefore, any modifications to graphics, music, or the presence of the author or host are strictly prohibited.

All content is © 2025. All rights reserved.

Dr. Prachi Mishra, Professor of Economics and Director of the Isaac Center for Public Policy at Ashoka University, provides valuable insights in her research, “India’s Economy: Challenges and Opportunities Amid Global Headwinds.”

Before joining Ashoka University, Prof. Prachi served as Chief of the Systemic Issues Division and Advisor in the Research Department at the International Monetary Fund (IMF). Over the course of her tenure at the IMF in Washington, she held a variety of roles, including in the office of the First Deputy Managing Director.

Between 2018 and 2020, she was Managing Director and India Chief Economist in Global Macro Research at Goldman Sachs. From 2014 to 2017, she served as Specialist Adviser and Head of the Strategic Research Unit at the Reserve Bank of India (RBI). Earlier, in 2012–13, she worked as Senior Economist in the Office of the Chief Economic Adviser in India’s Ministry of Finance and at the Prime Minister’s Economic Advisory Council. Dr. Prachi has also contributed to several policy and research bodies. She has served on the Board of CAFRAL (Center for Advanced Financial Research and Learning, an RBI-promoted institution), the External Advisory Council of the Fifteenth Finance Commission of India, and the Fiscal Responsibility and Budget Management (FRBM) Review Committee.

She holds a Ph.D. in Economics from Columbia University and a Master’s degree from the Delhi School of Economics. Her research interests span international economics, macroeconomics, and the Indian economy and financial markets.

This podcast is brought to you by Global Management Consultancy. For more information, please visit www.globalmanagementconsultancy.com.

Disclaimer:

A. The background music used in this video is the property of its respective developer and is protected by Copyright. Although it is a free version, Business Talk, Global Management Consultancy and Deepak Bhatt do not hold the rights to this music.

B. Dr. Prachi Mishra generously shared profound insights from her research, “India’s Economy: Challenges and Opportunities Amid Global Headwinds,” during her appearance on the Business Talk podcast channel. The uploaded video contains copyrighted material; therefore, any modifications to graphics, music, or the presence of the author or host are strictly prohibited.

All content is © 2025. All rights reserved.

Dr. Susan Feng Lu, Professor of Operations Management and Statistics and the Alan Hudson Chair in Health Policy at the Rotman School of Management, University of Toronto, shares valuable insights from her research titled “Leveraging Machine Learning for Healthcare Operations: Enhancing Efficiency and Quality.” Her work highlights how advanced machine learning techniques can be applied to improve operational decision-making in healthcare, leading to both increased efficiency and better patient outcomes.

Professor Lu’s research investigates the operational foundations of healthcare delivery, with a focus on how public policy and technological innovation shape the efficiency, quality, and equity of healthcare systems. Her expertise spans areas including health technology, nursing home operations, and cardiac care delivery. She leverages empirical methods and machine learning to tackle critical challenges in healthcare operations. Her work has been published in premier journals such as Management Science, Manufacturing & Service Operations Management (MSOM), Production and Operations Management (POMS), Review of Economics and Statistics, Journal of Health Economics, and Information Systems Research, as well as high-profile interdisciplinary outlets like Science and Nature Scientific Reports.

Professor Susan’s research has received numerous awards, major research grants, and widespread media coverage, including features in Barron’s, Nature, Freakonomics, and Vox. She serves the academic community as an Associate Editor for Management Science, Manufacturing & Service Operations Management, and Production and Operations Management Society, and currently leads as President of the Chinese Economists Society. In addition to her academic contributions, she has testified before the United States Senate (2023) and has mentored entrepreneurs as an Economist Mentor for the Creative Destruction Lab.

Dr. Susan received her Ph.D. from the Kellogg School of Management at Northwestern University and is recognized as a leading scholar at the nexus of health economics, operations, and analytics.

This podcast is brought to you by Global Management Consultancy. For more information, please visit www.globalmanagementconsultancy.com.

Disclaimer:

A. The background music used in this video is the property of its respective developer and is protected by Copyright. Although it is a free version, Business Talk, Global Management Consultancy and Deepak Bhatt do not hold the rights to this music.

B. Prof. Susan Feng Lu generously shared profound insights from her research, “Leveraging Machine Learning for Healthcare Operations: Enhancing Efficiency and Quality,” during her appearance on the Business Talk podcast channel. The uploaded video contains copyrighted material; therefore, any modifications to graphics, music, or the presence of the author or host are strictly prohibited.

All content is © 2025. All rights reserved.