Self-Motivation
David Goggins
Former Navy Seal
Career Development
Bryan Cranston
Actor
Critical Thinking
Liv Boeree
International Poker Champion
Emotional Intelligence
Amaryllis Fox
Former CIA Clandestine Operative
Management
Chris Hadfield
Retired Canadian Astronaut & Author
Learn
from the world's big
thinkers
Start Learning

Why the Best Managers Act like Interns

Question: What strategies have you used to weather this recession?

Russell Simmons:  This recession has kind of affected me and I’ve learned to button up a little tighter and be a little bit more innovative.  I think in my case, it’s about being more innovative and people around me in some cases who helped to operate their first ideas. My first idea is to be more creative, to spin a kind of dance between these two kinds of philosophies.  There’s a lot of people who know so much so that there’s room to grow and I want to be my next company to be a little bit more adventurous or creative and in almost every case, that’s what I’ve done, but still there’s tightening up some things and I hope when the marketplace opens up that we’ll be so well positioned because we haven’t given away all the real estate, given away all the potential, or run scared.  We haven’t run scared.

Question:  How do you keep your workforce motivated in a downturn? 

Russell Simmons:  In this downturn it’s so bad a lot of people’s motivation is, I don’t want to be fired.  I’m sorry to say it; it’s just that reality.  People are struggling and companies are not growing as quickly as we all projected and so sometimes we just need to buckle up just because we want to hold onto what we have.  That’s not my philosophy about life or that I recommend my employees take but we are more creative and we work harder and we keep our head down at all times.  But in a difficult market like this when you see people losing their jobs, sometimes you just want to protect yourself.

Question: What are the qualities you look for in a new hire? 

Russell Simmons:  Well I like to hire people who I think are motivated to be good servants.  I don’t really like bosses.  I’m not a boss, I’m a servant, and so I want people to know that if they watch out for everyone else and they are a great team player, then they ascend.

My favorite Presidents were interns, I watched them grow.  They act like interns when they’re presidents.  They still want to get everybody’s coffee.  They want to get their hands dirty.  I like people who don’t really recognize the difference between themselves and the people that they are part of a management team for.

Recorded on October 27, 2009

Hip hop mogul Russell Simmons on why he won’t run scared from the economy, and why the best hires love getting everyone’s coffee.

The “new normal” paradox: What COVID-19 has revealed about higher education

Higher education faces challenges that are unlike any other industry. What path will ASU, and universities like ASU, take in a post-COVID world?

Photo: Luis Robayo/AFP via Getty Images
Sponsored by Charles Koch Foundation
  • Everywhere you turn, the idea that coronavirus has brought on a "new normal" is present and true. But for higher education, COVID-19 exposes a long list of pernicious old problems more than it presents new problems.
  • It was widely known, yet ignored, that digital instruction must be embraced. When combined with traditional, in-person teaching, it can enhance student learning outcomes at scale.
  • COVID-19 has forced institutions to understand that far too many higher education outcomes are determined by a student's family income, and in the context of COVID-19 this means that lower-income students, first-generation students and students of color will be disproportionately afflicted.
Keep reading Show less

Live on Tuesday | Personal finance in the COVID-19 era

Sallie Krawcheck and Bob Kulhan will be talking money, jobs, and how the pandemic will disproportionally affect women's finances.

How DNA revealed the woolly mammoth's fate – and what it teaches us today

Scientists uncovered the secrets of what drove some of the world's last remaining woolly mammoths to extinction.

Ethan Miller/Getty Images
Surprising Science

Every summer, children on the Alaskan island of St Paul cool down in Lake Hill, a crater lake in an extinct volcano – unaware of the mysteries that lie beneath.

Keep reading Show less

Dinosaur bone? Meteorite? These men's wedding bands are a real break from boredom.

Manly Bands wanted to improve on mens' wedding bands. Mission accomplished.

Sex & Relationships
  • Manly Bands was founded in 2016 to provide better options and customer service in men's wedding bands.
  • Unique materials include antler, dinosaur bones, meteorite, tungsten, and whiskey barrels.
  • The company donates a portion of profits to charity every month.
Keep reading Show less

Conspicuous consumption is over. It’s all about intangibles now

These new status behaviours are what one expert calls 'inconspicuous consumption'.

Vittorio Zunino Celotto/Getty Images for Tiffany
Politics & Current Affairs
In 1899, the economist Thorstein Veblen observed that silver spoons and corsets were markers of elite social position.
Keep reading Show less
Quantcast