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Business Talk

Business Talk

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Welcome to Business Talk, your go-to podcast for the latest trends, insights, and thought-provoking discussions in the business world. Whether you're a business professional, entrepreneur, researcher, or academic, our episodes will challenge you to rethink conventional wisdom and inspire actionable ideas. Brought to you by Global Management Consultancy, we are committed to driving innovation and excellence in the business community. All content Copyrighted 2024 by Global Management Consultancy. For more information about our past and upcoming podcasts, please click here:https://www.deepakbbhatt.com/businesstalkAll rights reserved
Episodes
  • Why Strict Priority Isn't Always Optimal - Rethinking Waiting Lines

    Why Strict Priority Isn't Always Optimal - Rethinking Waiting Lines
    May 26 2026
    Dr. Alan Scheller-Wolf, the Richard M. Cyert Professor of Operations Management at the Tepper School of Business, Carnegie Mellon University, joins us to unpack the key insights from his research, 'When Does Partial Priority Improve Revenue?', a study developed in collaboration with Dr. Mor Harchol-Balter, Professor of Computer Science at Carnegie Mellon University, and Zhouzi Li, doctoral research assistant at CMU. In this episode, Dr. Alan Scheller-Wolf takes us into the heart of a deceptively simple question that has profound implications for how service businesses think about revenue and fairness: When does giving up strict priority actually make you more money? His research uncovers a counterintuitive finding, partial priority systems, where a probabilistic mechanism determines who gets served next, outperform traditional strict priority only when both a price cap and a waiting time limit are simultaneously in place. To bring this to life, Dr. Scheller-Wolf draws on a vivid real-world example: Disney World's Lightning Lane. Under realistic Disney parameters, his model predicts a striking 53% revenue improvement, jumping from $2,400 to $3,600 per attraction per day, simply by switching to a partial priority policy. Yet Disney hasn't adopted it, and the reasons reveal something important: mathematics alone doesn't determine what businesses implement. Fairness perceptions, customer psychology, the anxiety of unpredictable wait times, and long-term brand trust all shape what's viable in practice. This research reminds us that the act of waiting in a line is far from mundane, it sits at the intersection of pricing strategy, human behavior, and operational design. This podcast is brought to you by Global Management Consultancy. Disclaimer: 1. The background music incorporated in this video is the intellectual property of its respective developer and is protected under applicable copyright laws. Notwithstanding that it is a free-to-use version, Business Talk, Global Management Consultancy, and Deepak Bhatt do not own, and expressly do not claim, any rights, title, or interest in or to this music. 2. In an engaging episode of the Business Talk podcast, Dr. Alan Scheller-Wolf unpacks the key insights from his co-authored research, "When Does Partial Priority Improve Revenue?" The uploaded video contains copyrighted content, so changing any graphics, music, or on-screen appearance of the author or host is not allowed.
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    24 mins
  • From Imperialism to Multipolarity: How the World Economy Really Works

    From Imperialism to Multipolarity: How the World Economy Really Works
    May 23 2026
    Joining us today is Dr. Radhika Desai, Professor in the Department of Political Studies and Director of the Geopolitical Economy Research Group at the University of Manitoba, Canada, to unpack the core ideas from her acclaimed book, Geopolitical Economy: After US Hegemony, Globalization, and Empire. In this episode of Business Talk, Dr. Radhika Desai takes us on an intellectually rigorous journey through her landmark framework of geopolitical economy, a bold critique of the two dominant cosmopolitan myths that have long shaped our understanding of the global order: that the world economy is unified either by free markets, or by a single dominant state. Drawing on Friedrich List, Marx, and Trotsky's concept of uneven and combined development, she challenges the foundations of both globalization theory and US hegemony, arguing instead that the real engine of international relations has always been the dialectic between imperialism and anti-imperialism. From the structural vulnerabilities of the dollar system to the rise of multipolarity, and from the failures of the left to the lessons of actually existing socialism, Dr. Desai offers a sweeping, historically grounded rethinking of how global power actually works, and what it means for the future. This podcast is brought to you by Global Management Consultancy. Disclaimer: 1. The background music incorporated in this video is the intellectual property of its respective developer and is protected under applicable copyright laws. Notwithstanding that it is a free-to-use version, Business Talk, Global Management Consultancy, and Deepak Bhatt do not own, and expressly do not claim, any rights, title, or interest in or to this music. 2. Dr. Radhika Desai shared key insights from her acclaimed book, Geopolitical Economy: After US Hegemony, Globalization, and Empire, in an engaging episode of the Business Talk podcast. The uploaded video contains copyrighted content, so changing any graphics, music, or on-screen appearance of the author or host is not allowed.
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    54 mins
  • The Dark Side of Corporate Feminism: Who Really Won?

    The Dark Side of Corporate Feminism: Who Really Won?
    May 23 2026
    In this episode of Business Talk, we sit down with Dr. Allison Elias, Assistant Professor of Business Administration at the University of Virginia's Darden School of Business, to unpack one of the most thought-provoking questions in the history of women and work: did corporate America's embrace of feminism truly liberate women, or did it quietly divide them? Drawing from her acclaimed book, The Rise of Corporate Feminism: Women in the American Office, 1960–1990, named a Best Summer Book of 2023 by the Financial Times and shortlisted for the prestigious Aggie Prize from the Business History Conference, Dr. Elias traces how the feminist movement in workplaces shifted from a collective struggle for all women workers to a pathway designed primarily for a select few. From the rise and fracture of the 9 to 5 labor movement to the unintended consequences of meritocracy, she reveals how the same forces that opened boardroom doors for educated women effectively closed them for clerical workers, entrenching class-based inequality in ways we are still grappling with today. This podcast is brought to you by Global Management Consultancy. Disclaimer: 1. The background music incorporated in this video is the intellectual property of its respective developer and is protected under applicable copyright laws. Notwithstanding that it is a free-to-use version, Business Talk, Global Management Consultancy, and Deepak Bhatt do not own, and expressly do not claim, any rights, title, or interest in or to this music. 2. Dr. Allison Elias shared key insights from her book, “The Rise of Corporate Feminism: Women in the American Office, 1960-1990”, in an engaging episode of the Business Talk podcast. The uploaded video contains copyrighted content, so changing any graphics, music, or on-screen appearance of the author or host is not allowed.
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    28 mins
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