After Hours
After Hours
May 6, 2020
Earnings Reports from Apple and Facebook, and Warning Signs for Uber and Lyft
Play episode · 31 min

Youngme Moon, Felix Oberholzer-Gee, and Mihir Desai debate what they’ve learned from first quarter earnings reports from Apple, Facebook, and others. They also discuss warning signs for Uber and Lyft, and share their thoughts about the recession.

Recent picks, and recommended reading/websites:

Listeners are invited to join our mailing list by signing up here: After Hours Sign-Up. You can visit our website at HarvardAfterHours.com. You can email your comments and ideas for future episodes to: harvardafterhours@gmail.com. You can follow Youngme and Mihir on Twitter at: @YoungmeMoon and @DesaiMihirA.

The Modern Manager: Create and Lead Successful Teams
The Modern Manager: Create and Lead Successful Teams
Mamie Kanfer Stewart
126: Energize and Empower Your Team with John Eades
As managers, we’d do well to remember that we succeed when our people succeed. It’s not always easy to know how we need to adjust our behavior - by stepping in or getting out of the way - but when you get it right, your people can truly flourish and accomplish great things. Today’s guest is John Eades. John is the CEO of LearnLoft, Author of Building the Best, and host of the Follow My Lead Podcast. John and I talk about how to connect purpose to your work, no matter what industry or function you work in, how to support your team members through their role development by providing the right support style at the right times, how to get past your own fears so your teammates can really flourish and when to let go because you can’t make someone else succeed if they don’t want to. Members of The Modern Manager community get access to Learn Loft’s Leadership Styles quiz that will help you better understand your style and their Mastering the Mighty Skills toolkit so you can elevate your leadership. To learn more about membership and to join, go to www.themodernmanager.com/join Subscribe to the Modern Manager newsletter to get episodes, articles and free mini-guides delivered to your inbox. Read the related blog article: Three Steps To Creating An Empowered Team Key Takeaways: * People persevere because of purpose, not pay. When you connect your team to a cause, you breathe life into them. * Look for creative ways to show your team the impact or results they are contributing to. When possible, make it about the customers not just the business. * Leadership is someone whose actions inspire, empower, and serve others. * One of the biggest mistakes managers make is thinking they can just hire great people and get out of the way. We all need somebody else to challenge us in order to go beyond what we think we're capable of. * There are four stages of development for an employee in a given role. It’s important to establish where each person is on their development journey so you can match their autonomy and responsibility with their readiness. * If you give too much autonomy or responsibility too soon, you risk the person failing or being overwhelmed. If you wait too long, you risk the person losing confidence or becoming bored. * What you tolerate, you encourage. If your people are struggling, consider how your actions or inactions are impacting their ability to succeed. * Managers need to detach themselves from the outcome. You can do everything to inspire and develop your team, but at the end of the day, they choose how much they want to try. * According to the 80-10-10 principle, about 10% of your workers will be low performers, 80% are in the middle, and 10% are top performers. Young managers tend to focus on the bottom 10%. Instead, invest in helping the middle 80% get to the top. KEEP UP WITH JOHN * Website: https://learnloft.com/ * Book: https://learnloft.com/building-the-best-book/ * Podcast: https://learnloft.com/podcast/ * LinkedIn: https://www.linkedin.com/in/johngeades/ mamie@mamieks.com
29 min
PwC's accounting podcast
PwC's accounting podcast
PwC
Foreign currency risk: Back to the basics
There’s a lot of uncertainty these days that can cause volatility in foreign exchange rates. In this episode, PwC managing director John Horan joins host Heather Horn to take a look at how to manage foreign currency risk and how to apply the basics of foreign currency hedge accounting.  Topics include: * *0:50 - What’s going on with currencies? *We begin by talking about what’s behind the current currency volatility, and the importance of  having a comprehensive plan for currency risk management.  * *6:58 - The types of currency exposure.* There are a variety of ways foreign currency volatility may impact the financial statements. Here we discuss the types of currency exposures that companies are concerned with. * *8:58 - Transaction exposures.* A company has transaction exposure when monetary assets or liabilities are recorded in currencies other than their functional currency. Although many companies hedge these risks, most do not apply hedge accounting.  * *17:49 - Economic exposures.* An economic exposure occurs when a company expects to purchase goods or sell products in a currency other than its functional currency. The company is economically exposed to changes in exchange rates, even though the future purchases or sales are not yet recognized in its financial statements.   * *28:39 - FASB FAQ.* The FASB released guidance related to cash flow hedging and the pandemic. John provides an overview. * *31:51 - Translation exposures.* Although most companies do not try to hedge this exposure, it is a concern. This exposure manifests itself through changes in reported earnings, as the US Dollar strengthens or weakens versus other currencies around the world. John Horan is a managing director in PwC’s National office where he assists clients with complex accounting issues in the areas of foreign currency, liabilities and equity, earnings per share, and derivatives and hedging. John specializes in large capital transactions and initial public offerings. Heather Horn is PwC’s National office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC’s accounting and reporting weekly podcast and quarterly webcast series, as well as periodic webcasts for the power and utilities industry. With over 25 years of experience, Heather’s accounting and auditing expertise includes financial instruments and rate-regulated accounting.
37 min
The Flip
The Flip
Justin Norman
Smart People Should Build Things - On Recruiting and the Global Competition for Top Talent
The very nature of a high-growth startup means that the company is always growing and hiring at a rapid rate. And for African startups, in particular, the talent question is even more acute, given the general challenges of sourcing for select roles, as well as the difficulty in competing for talent with other startups, multinationals, and companies elsewhere in the world. In this episode, we unpack the talent and recruiting situation for venture-backed startups and growth-stage companies - how do we source for newer types of roles, like product and growth? Do we hire for aptitude and train up? Do we go to where there is more talent? How does remote work - particularly during COVID-19 - play a role here? 2:50 - We discuss the current recruiting landscape with Toun Tunde-Anjous, Founder of The People Practice. 4:38 - Charles Sekwalor, CEO of Movemeback, shares his views on the talent question, and the opportunities with startups and growth-stage companies on the continent. 8:17 - We explore startup recruitment strategy with Ijeoma Oyeyinka, Helium Health's Head of HR. 10:26 - Many startups, including Helium Health, use outside recruiters, as well. Toun's The People Practice is one such firm. 11:20 - We har from Ijeoma & Mansi Babyloni, Flutterwave's Global Head of People Strategy on the hiring competition, and the pitches they make to mission-driven talent. 15:12 - Mansi & Toun on compensation and their experiences with African startups offering equity packages. 17:59 - On remote working dynamics and the opportunity to tap into a wider talent pool, particularly due to COVID-19. 20:46 - A discussion on training & development of talent, and in particular less experienced talent, on the continent. 24:23 - We hear from Aaron Fu, on the Venture for Africa fellowship program, and their endeavor to de-risk an exploration into the African tech and startup ecosystem. 28:13 - As always, a reflective conversation between Justin Norman and Sayo Folawiyo on this episode's topic.
32 min
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