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PODCAST

On Principle

Olin Business School at Washington University in St. Louis

On Principle, a production of Olin Business School at Washington University in St. Louis, tells the stories of pivotal business decisions. What led to them? What were the choices? And what lessons can executives, entrepreneurs and other leaders draw from them?

business management

All Episodes

00:29:24

Taking Ownership: Lauren Herring

On Principle ·

2022/08/16

When her mother was diagnosed with breast cancer 11 years ago, Lauren Herring jumped in to help with projects and lead the global expansion for IMPACT Group—the firm her mother had launched in 1988.In 2007, Herring led the work of incorporating an acquisition target of the company, an outplacement firm that doubled the company’s size. Two years later, she took over as the company’s CEO — right after the economic downturn.But in her company’s line of work at that time, economic downturns are mother’s

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00:02:36

On Principle Live! A Leadership Perspectives event

On Principle ·

2022/08/03

Something you never saw coming … a fire, a financial crisis, a pandemic. Some business challenges you can anticipate, while others come out of the blue. How do you grapple with the unexpected? What’s your next move after the floor caves in? This panel discussion features four business leaders who have shared their stories on WashU Olin’s On Principle podcast. Join us to hear them talk about their uh-oh moments, how they dealt with them and the lasting impact of their solutions.Gerard Craft,

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00:13:27

Examining Strategy: Trish Gorman

On Principle ·

2022/07/05

Our second season two bonus episode looks back at my conversation with Trish Gorman, a professor of practice in strategy at Olin Business School. We originally spoke for our first season two episode called “The $5 Million Mistake,” and at the time, Trish was deeply involved in planning Olin’s new online MBA program. Today, we’re revisiting her remarks about what business strategy means to her, how she thinks about it and how it informed her work on launching a new online MBA program.CREDITSThis

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00:13:17

Bitten by Inspiration: Tim Solberg

On Principle ·

2022/06/07

When we first talked to WashU Olin finance professor Tim Solberg in October 2021, we sought his input for our season 2 On Principle episode “The Inspiration.” Our focus was on real estate developer Steve Smith and the winding path behind City Foundry, his retail and commercial development in midtown St. Louis.In the course of our conversation, we learned how Solberg was bitten by inspiration for another project. And we’re not speaking metaphorically. In today’s bonus episode, we revisit that

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00:29:07

In the Gray Area: Jason Wilson

On Principle ·

2022/05/03

In 2014, one of his coffee shops failed—the one on St. Louis’ underserved north side. Some of the workers he held over after acquiring his coffee brand were sabotaging customer relationships. He couldn’t get bank loans. Checks were bouncing. Advisors pushed him to quit. Don’t throw good money after bad, they said.But Jason Wilson, owner of Northwest Coffee Roasting Company, decided he had to exist in what he calls “the gray area.” He had to push through, stay the course and survive on

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00:31:57

The Troubled Condition: Jill Castilla

On Principle ·

2022/04/19

In 2009, nobody wanted Jill Castilla in Edmond, Oklahoma, much less inside the halls of its century-old community institution, Citizens Bank—nobody except her stepfather. The third-generation Citizens Bank-er had coaxed her to come in the midst of a Federal Reserve examination underway at the bank. Though she’d arrived at the bank without a title, she got to work, living in her stepfather’s house. The bank examination was terrible. Heads rolled. Within 30 days of arriving, she found fraud,

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00:33:10

Rising from the Ashes: Angel Likens

On Principle ·

2022/04/05

How do you honor the past while planning for the future? In a business that relies on goodwill from customers—indeed, members—whose voices count most when a massive shock threatens to bury the business? How do you balance the pull of tradition, the weight of history, and the need to look forward and innovate?These questions and hundreds of others confronted Angel Likens in February 2017, when she was the general manager of Bogey Hills Country Club. The St. Charles County, Missouri, institution began

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00:30:49

The Handshake Deal: The Garcia Brothers

On Principle ·

2022/03/22

Berto and Ivan Garcia are the co-founders of what has become a St. Louis real estate powerhouse. Garcia Properties is a vertically integrated firm with divisions in construction, property management, buying and selling property, financing and insurance. But just two years into its existence, the company nearly died.How much risk is acceptable when you’re trying to start something new? And while we love to hear about the risks that paid off, what do we know about the risks that didn’t? These are the

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00:32:10

The Inspiration: Steve Smith

On Principle ·

2022/03/08

A civic crisis rooted in racial inequity. A chance visit to an Atlanta retail attraction. A commercial developer persuaded to step outside his own comfort zone. Three events converged in 2015 that put in motion a $230 million redevelopment in St. Louis’s urban core—an effort that launched like a cannonball from Steve Smith’s imagination but came within a hair’s breadth of dying.In this episode of On Principle, we look at the moment when inspiration launches a transformative project. What prompted

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00:41:25

Finding Strategy in Crisis: Joyce Trimuel

On Principle ·

2022/02/22

On Memorial Day 2020, police in Minneapolis murdered a Black man during a routine traffic stop. In the context of that event, which sparked a deeper national reckoning on issues of racial equity and justice, business leaders across the nation grappled with their own response.How should they support workers who were shaken by the tragedy and moved to act? How would they confront their own company’s record of inclusive leadership? Were they positioned to make a constructive contribution to the

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00:36:52

The Second Act: Mike Isaacson

On Principle ·

2022/02/08

As the curtain rises for this episode, we meet Mike Isaacson, tapped in 2011 to become the new executive producer and artistic director for The Muny. Yes, The Muny, the 103-year-old outdoor amphitheater in St. Louis’ Forest Park, a massive venue renowned worldwide for drawing audiences to professionally produced musical theater. Cherished as one of the city’s crown jewels, The Muny has drawn stars of stage and screen to perform before its 11,000 seats and, in many ways, is a bellwether of the health

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00:38:54

The $5 Million Mistake: Alaina Maciá

On Principle ·

2022/01/25

In 2003, Alaina Maciá arrived at MTM, the St. Louis-based broker of non-emergency medical transportation services, to find a company on the verge of explosive growth. By 2005, she was MTM’s CEO, and since that time the company has rocketed from $30 million to nearly $700 million in revenue, with clients and customers nationwide.A nagging concern she noticed as she began, however, was the stable but not particularly cutting-edge technology platform the company was built on. Yet she faced a conundrum:

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00:05:48

On Principle Season 2 trailer

On Principle ·

2022/01/11

How do you recover from a multimillion-dollar mistake while your company is expanding and your technology is ailing? How do you capitalize on unusual sources of inspiration? When is a handshake deal ever good enough? How do you plan strategy during a crisis? These are some of the questions we explore, thanks to the business leaders who share their stories in season two of On Principle. We’ll have eight more episodes that put you inside the C-suite or out on the street as our guests confront these

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00:21:44

Bonus Episode: Discovering Higher Purpose

On Principle ·

2021/12/14

In our first-season On Principle episode with Dave Ciesinksi, CEO of Lancaster Colony food brands, we also spoke to Anjan Thakor, Olin’s John E. Simon Professor of Finance. He had consulted with Lancaster Colony as its leaders sought to drive deeper employee engagement—and better results. Thakor, along with collaborating researcher Robert Quinn from the University of Michigan, has done pioneering research into the economic benefits of higher purpose. Why does the firm exist?As the pair found, higher

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00:18:05

Bonus Episode: The IQ of Innovation

On Principle ·

2021/11/16

In our first-season On Principle episode with Nina Leigh Krueger, CEO of Nestle Purina PetCare for the Americas, we also spoke to Anne Marie Knott, Olin’s Robert and Barbara Frick Professor of Business. Her research focuses on questions around innovation, R&D and entrepreneurship. We talked to her about corporate innovation and how companies know they’re seeing a return on their innovation dollar.In today’s second bonus episode of On Principle, we dive a little deeper into our conversation with Anne

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00:13:40

Bonus Episode: The Value of Values

On Principle ·

2021/10/19

In a white paper published in June 2021, WashU Olin’s Professor Stuart Bunderson and Jesse Wolfersberger, CEO and cofounder of Vrity, outlined a cross-section of consumer attitudes about how they relate to brands that outwardly articulate their values.Among their findings:Consumers said they will vote with their wallets when people value-align with a brand. They’ll drive farther, dig deeper, spend more to support those brands.Consumers who had job disruptions because of the pandemic were more likely

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00:35:41

Taking a Punch: David Karandish

On Principle ·

2021/09/21

David Karandish is, by any standard, a massively successful entrepreneur. His most noteworthy transaction is the sale of Answers.com for $960 million—a “rounded unicorn,” he says, using startup shorthand for a billion-dollar deal.But that success was hard-fought and made possible by a litany of failures and one unexpected disaster. Meanwhile, those failures—and that one big success—paved the way for what already promises to be another massive hit for Karandish, BSCS ’05. Capacity, his AI-driven

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00:32:45

Out of the Box: Nina Leigh Krueger

On Principle ·

2021/09/07

For most of her career with Nestlé Purina PetCare, Nina Leigh Krueger had worked on the pet nutrition side of the business. When the WashU Olin alumna joined the company’s cat litter group to lead its marketing, she found she was a fish out of water—and facing a challenge with a high sales goal in a stagnating business. Leadership, questioning whether or not to exit the business, challenged her to make or break the line.Our story sets the stage for that pivotal moment and goes on to share the work

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00:41:53

The Higher Purpose: Dave Ciesinski

On Principle ·

2021/08/24

As the factory manager gave David A. Ciesinski, CEO of Lancaster Colony food brands, a tour of the facility, he led the company’s top executive into a locker room with collapsing ceiling tiles and rusted fixtures. “Is this befitting of a ‘better food company’?” the manager politely asked, reflecting the company’s slogan.That was one of many moments that drove home for Ciesinski that his company could do more to walk the walk of a better food company. He strove to lead an organization that treated

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00:36:49

The Tarnished Dream: Jason Wang

On Principle ·

2021/08/10

Olin alumnus Jason Wang, BSBA ’09, owns a popular chain of restaurants in New York City, Xi’an Famous Foods. In the summer of 2020, one of his employees was punched in the face while she headed home on the subway, cutting her lip and bloodying her nose. Later, another was punched in the face on the way to work in the morning. The assailant had followed him off the train, looking for an opportunity.Those are the attacks he knows about. And they’re among the nearly 6,600 incidents of anti-Asian abuse

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45 results

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