Share Fortune's Path Podcast
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By Tom Noser, Ted Noser
4.6
1010 ratings
The podcast currently has 62 episodes available.
[00:00:00] - Introduction
[00:01:09] - Early Career and Entry into Learning Tech
[00:03:53] - Importance of Experiential Learning in Hiring
[00:05:35] - Introduction to XAPI
[00:07:37] - XAPI's Vision and Development
[00:10:52] - Industry Adoption and Impact of Standards
[00:15:00] - Rustici Software’s Contribution to XAPI
[00:21:00] - Launching and Promoting XAPI
[00:28:10] - XAPI’s Broader Applications and Limitations
[00:38:08] - Managing Data with Watershed
[00:43:42] - Transition to Open LMS
[00:45:03] - Comparing Corporate and Higher Education LMS Needs
[00:50:14] - Conflict Between Learners and Administrators
[00:58:16] - Future of EdTech and Learning Systems
[01:00:10] - Collaborations Between Academia and Industry
[01:02:17] - Personal Goals and Vision for Open LMS
[01:02:54] - Conclusion
2:12 - Why she became a self-pay patient after two medical bankruptcies.
9:22 - How to navigate self-pay by removing fear-based thinking (I must have health insurance) and negotiate with every single healthcare service you pay for.
11:02 - The freedom that comes with leaving health insurance behind and embracing self pay.
11:58 - How hospital foundations and patient pay advocates have emerged to embrace (somewhat) self-pay.
12:49 - As a high earner, she does not use these foundations, but negotiates to pay her bill. She's also a member of Christian Healthcare Ministries (CHM), a health cost sharing ministry.
13:20 - How CHM works - you become a member, pay a monthly fee. When a healthcare episode arises, you access CHM to get your healthcare bills paid, or shared.
15:14 - Sloane details the self-pay patient journey, how self-pay doesn't trickle through to all areas of the healthcare industry, and how to educate each sector about self-pay.
22:50 - How to ask for the self-pay rate as a patient.
25:00 - Where Sloane negotiated for care from one provider that was 75% less than what another provider quoted.
26:35 - How physicians are fairly knowledgeable about self pay, but those in their business offices are not. They are trained to work with insurance. She packs her "patience and grace" to ask them to do something that is unusual.
29:25 - Tom pivots the conversation to how Sloan copes with a diagnosis of a terminal illness (at age 23). She doesn't let it define her, and looks at her condition as a chronic illness.
30:23 - How Sloane and Tom agree that it is the dying person's responsibility to prepare the living for their own death.
34:14 - Why doctors ignore DNRs (hint: it has to do with litigation).
35:10 - Tom laments that modern Stoics don't talk suicide the way the original Stoics did - it is the last vestige of our wills.
37:50 - Sloane shares her grandmother's advice about friendship: you really only need 6 friends in life; 3 on one side of the casket, and 3 on the other.
38:10 - The extreme rarity of having one really close friend.
40:00 - Shifting to business, how she found herself in Nashville's health tech scene. Pre-pandemic, it was crowded, healthy and vibrant. Backed by Nashville and nationwide private equity and venture capital firms, and also supported by local institutions like the Nashville Entrepreneur Center, Nashville Healthcare Council, local family funds, and others, founders were getting a lot of support.
41:13 - When founder-led companies become responsible for creating shareholder value. The trajectory to create shareholder value is a big change, and she learned how sales and marketing played such a significant role in creating that value.
42:35 - Creation of her secret sauce: the strategy/methodology/execution of marketing to build to exit, and understanding how to make quick pivots as needed.
44:02 - What healthcare doesn't talk about post-pandemic: the rise in chronic disease, chronic care. Fortunately, many tech companies have come forward to begin to address this issue, but the exits are not as speedy as they once were.
45:29 - The role of a strategic story in an exit, and how your fly paper is still whether or not you created shareholder value. But healthcare needs to re-think intellectual property.
47:00 - The other way to re-frame and look at shareholder value: the customer relationships you create. If you can own a swim lane in the market, and really own it well, that has enormous value.
48:16 - How mergers often destroy value by devaluing the brand and the culture.
51:24 - Who shaped her marketing philosophy, Marty Neumeier, who was Steve Jobs' brand mentor. She believes, as Marty maintains, that a brand isn't what you say it is, it's what your customer says it is.
54:17 - How she loves founder-led companies, and how she gets so much more out of it than what she put into it. Her emotional paycheck gets cashed every time she sees someone get a check they never thought they would get.
Takeaways:
Takeaways:
Takeaways
Chapters
00:00Introduction and Recording Confirmation
00:38Background in Physics and Engineering
03:13Research in Material Design and Quantum Physics
04:26Understanding Circuits and Quantum Computing
06:37Transition from Research to Business
11:14Impact of Ideas and Einstein's Equation
13:14Ethics and Risks of Artificial Intelligence
17:15Applications and Limitations of AI
20:39Ethics and Bias in AI Decision-Making
25:24Transparency and Explainability in AI
29:29Data Curation and Bias in AI Models
34:07AI in Mortgage and Loan Decisions
38:15Fairness and Ethics in Lending
38:41Correlation between Higher Education and Earnings
39:21Challenges of Being Blind to Race and Gender
39:49Considerations for Representing Everyone Equally
40:24Ethical Dilemmas of Ignoring Correlations
41:08Product Development and Answering Ethical Questions
41:29Simplifying the Hiring Process
42:02Data-Informed Recruiting and Hiring
43:14Using Data to Find the Right Match
44:24Simplifying the Workflow for Recruiters
45:16Focusing on Skill-Based Factors in Hiring
46:31The Validity of Resumes in Predicting Performance
47:25Factors in Deciding a Good Hire
48:15The Tricky Nature of Job Descriptions
49:05The Importance of Skills and Job Descriptions
50:03The Value of Experience and Starting a Business
51:09The Role of Emotion in Decision-Making
54:02Introducing Scientific Process into Hiring
55:53The Application of AI in the Hiring Process
56:58The Human Element in Decision-Making
58:16Applying the Scientific Method to Business Problems
59:18Learning from Past Research and Being Skeptical
01:00:45Checking Assumptions and Being Discerning
Norbert talks about how Adidas starts its shoe manufacturing process, beginning with a business unit who outlines the market need in a comprehensive brief. Then, a designer group begins experimenting with colors, materials and textures. "There's 250-350 operations that need to happen to put one pair of footwear together, so it's a long process... taking up to 16 months," says Norbert.
Every new material and material supplier is tested, based on internal standards. Once it moves to being manufactured on the production line, further testing and checking take place.
Some analogies and differences - software vs. manufacturing:
The podcast currently has 62 episodes available.