The ROI Podcast

We all have goals in our personal and professional lives, but why do only some of us accomplish those goals? In this episode of The ROI Podcast, the president of IU Saxony and Tipton Hospitals reveals the first, and most important step, when going after your dream. Show Notes: 0:15 Introduction to The ROI Podcast Presented by the Indiana University Kelley School of Business on the IUPUI Campus. 1:35 There are a lot of guides and information on the internet about networking and best practices. 1:41 Networking helped Michael Harlowe, President of IU Saxony and Tipton Hospitals, get where he is today. 2:00 A guy in Harlowe's running group advised he explore health care administration. 2:05 Mike cold called the hospital administrator in his hometown. 2:18 Tip #1: Surround yourself with people who can help you and are in a position you'd like to be in. 2:45 Mike enrolled in Indiana University Masters in Healthcare Administration Program. 3:38 Mike says he can't emphasize enough to pay attention to the chance encounters in your life. 4:20 Mike says you can't be afraid to fail. 5:20 Be different when trying to maintain relationships. Hand written letters are a great way to stand out and show the person you're writing to that you're grateful for them. 6:00 Tip #2: Once you've met with someone who could serve as a mentor to you, follow up with them. 6:54 Mike is a graduate of the Randall L. Tobias Leadership Center's Hoosier Fellows Program. 8:30 Mike says most importantly, don't be afraid to fail. Just do it.     

Raise your hand if you hate or don't enjoy your job. Unfortunately, if you don't enjoy your work, you're not alone. Often times we can get ourselves into a rut because we are not fulfilled with what we're doing. If you're wanting to become successful, how do you do so if you're not happy? In this episode of The ROI Podcast, Pete Anderson, Executive Vice President of Investments for Becknell Industrial, breaks down the steps you should take to find your passion.   Show Notes: 0:07 Introduction to The ROI Podcast Presented By the Kelley School of Business on the IUPUI Campus. 0:38 How many people don't like their job? 1:05 This episode will explain how important passion is to your job performance. 1:20 Pete Anderson is the guest on this week's show. 1:53 If you can't wait to get up and come into work, you're probably ready for a change. 2:36 When Pete was practicing law, he didn't enjoy his job like he does today. 3:12 Shane found an article on the Huffington Post that suggested job-related dissatisfaction is harmful to your health. 4:08 Pete had a point in his career when he realized he needed some leadership training. That's when he found The Tobias Leadership Center. 4:48 The Hoosier Fellows Program exposed its members to a wide-range of leadership perspectives. 6:09 Loyalty doesn't exist from a company's perspective anymore, so it shouldn't be expected from the company for its employees to work for them for the remainder of their lives. 7:07 You may not know what you're meant to do until you try different jobs. 8:24 To learn more about the Tobias Leadership Center and the Hoosier Fellows Program, visit tobiascenter.iu.edu/programs. 

Managers play multiple roles in an organization while communicating with many different personality types. So how do the greatest managers handle it? According to Natalie Roberts, VP of Support at Monarch Beverage Company, a manager must understand their own personality, strengths, and weaknesses. In this episode of The ROI Podcast, Shane Simmons and Julie Manning Magid, director of The Randall L. Tobias Leadership Center, break down how to leverage your personality, and mold it to fit the needs of your employees. Show Notes: 0:01 Spiderman opening: with great power comes great responsibility. 0:20 Welcome to The ROI Podcast Presented by The Kelley School of Business on the IUPUI Campus. 0:25 Julie Manning Magid is guest hosting alongside host Shane Simmons. 1:17 This episode is part of the Randall L. Tobias Leadership Center series. 1:42 How do you lead a team that's so diverse from a personality standpoint, and as a manager, how do you approach two people who have two very different perspectives. 1:55 You'll be introduced to Natalie Roberts, the senior vice president of support at Monarch Beverage. 3:15 Natalie became an expert at many different tasks because of her movement in the company. 4:12 Your career should be a jungle gym, not a ladder. 5:30 Natalie says The Tobias Leadership Center's Hoosier Fellows Program helped mold their management model at her company. 6:15 Natalie associates herself and her employees with a color. 7:02 Shane mentions how associating someone's personality with a color reminds him of Disney Pixar's Inside Out movie. 8:20 As a leader, it can be scary knowing you hold the responsibility for the development of your employees. 8:58 You must understand you and your team's strengths and weaknesses. 

Leadership is a vague term that can be applied in many settings. Sarah Hempstead, CEO of Schmidt Associates, an architect firm located in Indianapolis, shares three pieces of advice that have propelled her career into an executive role. Show Notes: 0:10 Introduction to The ROI Podcast Presented By the Kelley School of Business on the IUPUI Campus. 0:27 Professor of Business Law, and Director of The Tobias Leadership Center, Julie Manning Magid joins Shane in the booth for this series on leadership. 1:05 Randall Tobias held multiple leadership positions throughout many sectors, including education, business, government, and not-for-profit. 1:21 He created the Tobias Leadership Center. 1:39 One of the programs offered at the Tobias Leadership Center is the Hoosier Fellows Program. 2:17 You'll be introduced to Sarah Hempstead, CEO of Schmidt Associates. 2:28 Balance is bad advice. 3:23 Write your goals down. 4:23 Mentorship is critically important. 4:45 Form a "no" committee. They are authorized to tell you when something is not a good idea. 6:18 Have a routine and know when to shut work off, this helps prevent burnout. 7:23 The Hoosier Fellows Program is very inward focused, which teaches its participants a lot of themselves and their leadership style. 

Kelley School of Business Professor Dave Steele immersed his students within the entrepreneurial community during his class. Rather than teaching theory from the classroom, he lectured in a downtown Indianapolis coworking facility, where entrepreneurs got involved with classroom discussion. Show Notes: 0:15 Introduction of Ep. 12 of The ROI Podcast Presented By The Kelley School of Business. 0:47 This is the final episode of the disruptive innovation series. 1:33 An introduction to Dave Steele, a Kelley faculty member who's had a successful career as a business executive and entrepreneur. 1:55 In the spring semester of 2017, Professor Steele taught his entrepreneurship class at a local coworking space in Indianapolis. 2:20 Steele talks about teaching from a practitioner's standpoint, and balancing that with important theory. 3:17 Students today want to know how to be successful and have work-life balance. 4:28 Steele contacted The Bureau. 5:29 Entrepreneurs in the coworking facility began helping students during Steele's lecture. 5:40 Introduction to Drew Kincius, manager of The Bureau. 6:40 Students began giving feedback to the entrepreneurs working in the space. 8:11 Steele says students have to develop a network and capitalize their business. 

Failure is a good thing, as long as you fail taking a risk while attempting to help the company. That's the motto at One Click Ventures in Greenwood, IN, just south of Indianapolis. The company culture is laidback, but very metric and goal driven. Randy Stocklin, the Co-Founder and CEO of One Click, sat down with The ROI Podcast team to discuss how embracing failure has helped grow the company exponentially.  Show Notes: 0:06 Shane Simmons and Phil Powell welcome listeners to The ROI Podcast. 0:45 This episode will talk about embracing failure in the workplace, and how one Greenwood, IN company has seen massive growth practicing this principle. 1:25 When you think of companies with a great culture, many people think of companies like Google, Facebook, Apple and Nike. 2:02 There’s a correlation between a company’s culture and their growth. 2:25 Randy Stocklin and his wife started One Click out of their home office. 3:00 Their first venture began as a Christmas letter from Santa company. 4:00 Randy and his wife grew their second venture, Sunglass Warehouse, 4X two years in a row. 4:30 Randy says they learned that people make or break a business. 6:38 While One Click Ventures is a very relaxed culture, they are also data-driven. 7:45 One Click gives an award for failure each month titled “The Lame Duck Award.” 9:40 There is a difference between failure and messing up. 11:04 There’s so much ownership at One Click because of that underlying culture they’ve created.

Research has shown those who have mentors throughout their lives ultimately are more successful. Pulling from experiences in her own life, Alison Martin-Books created a business that matches mentors and mentees in a strategic way.  Show Notes: 0:01 A Bill Gates show opening. 0:15 An introduction to The ROI Podcast presented by the Kelley School of Business. 0:55 The episode’s topic will revolve around mentors and the importance it plays in a professional’s life. 01:24 A study published in the Journal of Applied Psychology that found people who are mentored reported having more career success. 2:29 Alison Martin-Books, Founder and Chief Learning Officer for Diverse Talent Strategies is introduced. 2:40 A basic definition of what a mentor is. 4:40 Under the Talent Nexus model, mentors and mentees are strategically matched in a way that can increase the diversity in a given company. 5:25 Women who have a mentor are much more likely to break the glass ceiling. 7:05 Why mentor someone? 9:10 What you should look for in a mentor.  10:23 The closing credits for the podcast.

Is employee retention a challenge in your company? Does it seem like your “younger” employees are leaving as quickly as you can hire them? In this episode of The ROI Podcast, Val Grubb, author and former vice president of strategic operations at NBC Universal, unveils the key to retaining employees, including Millennials and Gen Z.   Show Notes: 0:21 Shane Simmons and Luke Cooley introduce The ROI Podcast. 0:50 The topic of the podcast is managing the new workforce of millennials and gen z. 1:40 Author of Clash of the Generations, Managing the New Workplace Reality appears on the show. 1:50 In 2015, Millennials surpassed Gen X to become the largest generation in the American workforce. 2:08 By 2020, Millennials will be 50 percent of the American workforce. 3:02 Val says there’s been a misconception about the work ethic of millennials. 4:30 When managing the new generation, focus on results rather than where or how it gets done. 6:40 Millennials want something meaningful at the workplace. 8:23 Val gives an example of how she kept one of her employees motivated. 11:30 You can purchase Val Grubb’s latest book Clash of the Generations, Managing the New Workplace Reality on Amazon.

Did you know increasing your employee’s satisfaction and productivity can be as simple as changing your workspace layout? Mary Beth Oakes, the CEO of Business Furniture in Indianapolis, is changing the way companies think about their workspace. Through research, Mary Beth and her team have found ways to organize a company’s workspace in a way in which employee satisfaction increased 60 percent. Show Notes: 

The tech industry is growing like crazy! But there's a problem: talent to fill the growing positions that are being born. Eighty-three percent of Chief Information Officers (CIOs) struggle to find talent, according to a recent Gartner survey. That's not a problem for EduSource, an Indianapolis tech company that grew 300% in 2016. Jason Beutler, President of EduSource, has created a pool of young talent that he can hire as an apprentice for a two year time period, train and then hire full-time once they graduate college. Listen to how he did it, and what you can learn from EduSource.   Show Notes: 0:07 Shane Simmons and Phil Powell welcome listeners to The ROI Podcast. 0:38 Shane thanks all of the listeners and subscribers of The ROI Podcast. 1:08 Shane and Phil discuss the massive growth happening within the tech industry. 1:35 Indianapolis is becoming a tech hub. 1:52 There are talent shortages due to the expansive growth in tech. 2:56 Welcome to EduSource. 4:00 Jason Beutler gives the backstory on EduSource. 4:40 Jason discusses his opinion on why companies outsource overseas. 5:20 Jason had an “aha” moment while doing some code review for code he had received from overseas. 6:35 The EduSource structure. 08:02 EduSource hires 12-15 students every year. 10:08 Jason shares some management for the listeners.  

In an age where millennials and generation z are set to flood the workforce, research has made it clear these generations are wired differently than their parents and grandparents. It’s important for a manager to consider investing in sustainable practices. Whether they invest in energy, human capital, or other avenues, reducing the possibility of a company’s exposure is always on a manager’s mind. Kelley School of Business Assistant Professor of Accounting Sam Tiras breaks down how a manager can implement Economic Value Added (EVA), and present it to his or her CFO. Show Notes: 0:01 Shane Simmons and Phil Powell introduce listeners to The ROI Podcast. 0:30 Through some online research, Shane learned 65 percent of employees at Fortune 100 companies want to see their CEOs publicly support renewable energy. 0:55 Of those 65 percent of employees, 73 percent are millennials. 1:08 Phil says the millennial workforce is forcing a new perspective on business. 1:36 Shane introduces the episode's topic: sustainability. Assistant Professor of Accounting Sam Tiras explains the broad view people often have of accounting. Sam introduces the listeners to Economic Value Added (EVA). 3:48 Investments come in many forms: human capital, reputation capital, sustainability. 4:37 Investing more in EVA reduces your risk, which prevents your company from losing money. 5:11 Companies that are proactive when investing into sustainable practices outperform companies that just meet the minimal standards. 6:30 EVA says look at your benefits, and then evaluate your cost. 7:58 How to sell investing more capital in sustainable practices to your CFO. 8:58 CFOs want to help you make investments that are good for the company, that means managers need to think beyond the numbers given to them from the accountants. 9:24 This episode's takeaway for listeners. 10:26 How to subscribe to The ROI Podcast.  

A company's supply chain is vital to success. From the planning of raw inputs, to the shipping of the final product, the supply chain touches nearly every aspect of the business. Years ago, many companies operated using the traditional model of supply chain management: buy all the resources at the cheapest rate possible. In today’s business world, the supply chain model has shifted with more companies building long-term relationships with their suppliers and ensuring they are operating responsibly. Kelley Assistant Professor of Operations Management Amrou Awaysheh reveals his eye-opening research on this topic and gives managers tips on improving their company’s supply chain.   Show Notes: 0:07 Shane Simmons and Phil Powell welcome listeners to The ROI Podcast. 0:26 Introducing the topic of corporate sustainability through a company’s supply chain. 0:37 Phil defines supply chain management. 0:50 The traditional way company’s looked at their supply chain: reducing cost. 1:08 The new way the research teaches us about supply chain. 1:22 Introduction to Amrou Awaysheh. 2:22 The supply chain “blackbox” 2:31 The impact technology and social media has had on supply chain. 3:15 Doesn’t the bad press only impact larger firms? 3:44 Three specific dimensions Amrou’s research looks at. 3:50 Supply chain transparency. 3:56 Dependency. 4:00 Distance. 5:04 Cultural differences. 6:03 How socially responsible practices impacts the bottom line. 6:17 Key performance indicators that improve. 6:42 Social responsibility and its impact on labor productivity. 8:22 How to get your supplier on board with sustainable practices. 10:03 Show wrap-up.  

When you invest your money into stocks or bonds, financial advisors often encourage diversifying. And with the Chinese Central Bank becoming more lenient with their policies, investors in the U.S. can diversify their portfolios even greater by investing in the Chinese Stock Market. Kelley School of Business Associate Professor of Finance Cathy Bonser-Neal explains these historic changes, and gives insight into what the future investments of U.S. investors may look like.   Show Notes: 0:06 Shane Simmons and Phil Powell welcome listeners to The ROI Podcast. 0:40 A glance at the world economy. 0:45 The U.S. economy is a quarter of global activity. 0:56 China's economy, in terms of purchasing power parody, surpassed the U.S. 1:18 The U.S. and European stock markets and how they compare to the Chinese Stock Market. 1:48 Introduction to Cathy Bonser Neal 2:33 The definition of volatility. 2:41 Why China wanted to stabilize its currency. 2:56 Two ways China has stabilized its economy. 3:34 Why the Chinese Central Bank wants to keep its currency stable. 5:30 There's pressure to depreciate China's currency. 6:03 What a more open Chinese market means for foreign investors. 8:15 Where you can listen to the ROI Podcast. 

Why do some startups fail and others succeed? Is it that some entrepreneurs lack a disruptive idea? Is it passion? Persistence? In episode #3 of The ROI Podcast, Kelley School professor Kim Saxton discusses the key to a startup's success, based on her recent research. Show Notes: 0:07 Shane Simmons and Phil Powell welcome listeners to The ROI Podcast. 0:23 Shark Tank's influence on entrepreneurship. 0:57 Why don't more people become entrepreneurs? 1:08 Introduction to professor Kim Saxton. 1:29 Answering why some startups succeed and others fail. 2:35 The misconception of money. 2:48 The value of getting help. 3:12 Looking at passion for an entrepreneur. 3:49 The million-dollar idea. 4:35 The research findings. 5:15 If you ask for money you get advice (Pitbull song) 5:40 What we've learned about launching a business. 6:20 Shane and Phil wrap-up the episode. 6:59 Where to find The ROI Podcast. 7:18 Preview of the next episode: Changes in China and what it could mean for your investments.

Were bullies just a high school phase? Not according to the latest research. In Episode #2, the main topic is how to deal with a bully in the workplace. Kelley School of Business professor Charlotte Westerhaus-Renfrow discusses the best way to handle a bully at work. She provides tips you can apply right away, and minimize the stress a bully may cause you. Show Notes: 0:50 The impact of a bully in the workplace. 1:00 Recent research findings. 1:18 Introduction to professor Charlotte Westerhaus-Renfrow. 1:56 How we are traditionally taught to handle bullies. 2:03 What Popeye taught us. 2:48 Focus on your mindset. 3:00 The most frequent targets of bullies. 3:33 The costs of a bully at work. 4:23 Tip #1: Call it out, but don't shout. 5:14 Tip #2: Rope-a-dope. 6:58 Striking back with kindness. 7:30 The final lesson. 8:57 Preview of next episode.