030 - Monetization of the Physician Imagination

Published: Nov. 9, 2021, 7:05 a.m.

b'This episode is a continuation of my animated conversation with Professor J.-C. Spender, a nuclear engineer-turned-business school professor, author, expert on the history of business education, and former executive and business school dean.
At the onset of episode #30 I asked Dr. Spender if getting an MBA degree would provide what\\u2019s needed if someone wanted to efficiently manage a healthcare organization.
His response was YES. But he added \\u201cthat\\u2019s a kind of modified and slightly tangled yes.\\u201d
What I heard was \\u201cNo.\\u201d Take a listen and see what you think.
Professor Spender\\u2019s contrarian penchant is delightful and provocative. He offers no instant gratification: no conversational closure rewarding me with a satisfying hit of dopamine. No schmoozy cooperation providing a squirt of oxytocin. The effect of this professor\\u2019s conversational style is attention\\u2014what IS he saying? How does this comment jive with that last one? Where are we headed?!
He paints a bleak picture when it comes to the management training or even the management potential of someone who has been awarded an MBA degree. Non-partisan in his criticism, he also deemed my assertion that physicians must lead healthcare as \\u201ca misdiagnosis.\\u201d And what did I hear with that? I heard that Dr. Spender\\u2019s primary interest is spotlighting the \\u201cmultiplicity, the plurality of conversations, that is the fundamental challenge for leadership.\\u201d Agreed.
When it comes to leadership and management he would have us attend to:
\\u2022The history of business education--from whence the \\u201cbullshit\\u201d came
\\u2022Practice (experience) vs. principles (rules)\\u2014and the true crucible of leadership when principles don\\u2019t serve us
\\u2022Uncertainty as the state which drives the engine of business
\\u2022The fundamental ethical problem of business: monetizing someone else\\u2019s imagination to serve oneself
\\u2022The lack of conversation in business school about human beings\\u2019 capacity for imagination\\u2014yet it is imagination which produces an organization\\u2019s value
In this episode:
\\u2022The balanced scorecard\\u2014developed as a remedy to the dominance of finance during board-level strategic conversations
\\u2022Business geniuses are those who flourish in business as an \\u201cartistic medium\\u201d
\\u2022The demise in popularity of managerial accounting and the ascendancy of financial accounting
\\u2022Clouding true intentions by invoking \\u201ctrust\\u201d when monetization to satisfy shareholder demands is the business objective
\\u2022Economic discourse as an arena that is incapable of creating new economic value
\\u2022Tacit knowledge is knowledge derived more from practice than from principle
\\u2022Racism and oppression as actions to silence the language of entire communities

For more information including \\u201cA Glossary of Sorts\\u201d (aka Spenderisms) see the 11/9/21 newsletter
https://us19.campaign-archive.com/?u=933cc24c82771ef6017b37225&id=91ffd12b00
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