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Psych in Business

De: Ernest Wayde
  • Resumen

  • Psych in Business is a podcast that explores the integration of psychology into the world of business. Each episode, we interview experts in business and psychology, to learn about how psychological principles are being applied in business and organizations. We discuss topics such as human behavior, leadership, communication, change management and teamwork. We also talk about the latest research in psychology and how it can be used to help you get the best out of your people. Whether you're an entrepreneur, a business leader, manager, or employee, Psych in Business can help you understand how to leverage psychological principles in your business and use it to your advantage. So, if you're interested in learning more about how psychology can help you succeed in business, then subscribe to Psych in Business today!
    Copyright 2024 Ernest Wayde
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Episodios
  • Mastering Workplace Success with Behavioral Chain Analysis with Dr. Ernest Wayde
    Jun 21 2024

    In this episode of the "Psych in Business" podcast, Dr. Ernest Wayde explores the challenges faced by Dr. Emily Carter, the new acting CEO of Blue River's Hospital, as she works to improve employee satisfaction and organizational success. This episode delves into the application of practical psychology in the workplace, focusing on the dynamics between leadership and staff.

    Dr. Emily Carter initially struggles with communication, leading to defensive reactions from the nursing staff. To address these issues, she seeks assistance from the Director of Human Resources, Miss Ramirez, who introduces her to the behavioral chain analysis approach. This method helps Dr. Emily Carter understand the underlying causes of the nurses' dissatisfaction and high turnover.


    This episode provides valuable insights into the application of practical psychology in business, particularly in the context of leadership and employee relations. It underscores the importance of clear communication, understanding employee experiences, and fostering a feedback-driven culture in the workplace.


    Key Takeaways


    • Organizational Change and Leadership Transition: Blue River's Hospital is undergoing significant changes, with Dr. Emily Carter stepping in as the acting CEO. Dr. Emily Carter aims to enhance employee satisfaction and engagement to drive organizational success.


    • Behavioral Chain Analysis: Miss Ramirez introduces Dr. Emily Carter to behavioral chain analysis, a method to understand problematic behavior by examining antecedents, behaviors, and consequences. This approach helps identify the root causes of the nurses' absenteeism and turnover, revealing feelings of stress, frustration, and lack of appreciation.


    • Communication and Perception: Dr. Emily Carter learns the importance of clear communication and understanding employee perspectives. Her initial meeting with the nurses failed due to miscommunication, but with Miss Ramirez's help, she reframes her message to show genuine concern for the nurses' well-being.


    • Employee Feedback and Involvement: The episode emphasizes the value of involving employees in decision-making processes and seeking their input. The nurses expressed a desire for a return to flexible work schedules, representation in leadership, and the ability to contribute to hospital committees.


    • Leadership and Organizational Dynamics: Dr. Emily Carter's experience highlights the complexity of organizational dynamics and the critical role of effective leadership. By addressing the nurses' concerns and working collaboratively, Dr. Emily Carter aims to create a more supportive and engaging work environment.


    • Commitment to Improvement: Dr. Emily Carter is committed to addressing the issues raised by the nurses and plans to meet with the CEO of Optima Health Systems to advocate for necessary changes. Her goal is to achieve a win-win situation where both the nurses and the organization benefit.


    You can visit his business website at Wayde Consulting.

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    10 m
  • Essential Tips for Executive Coaching Success with Dr. Karyn Edwards and Dr. John Reed
    Jun 18 2024

    In this episode of the Psych in Business podcast, Dr. Ernest Wayde hosts a conversation with Dr. John Reed and Dr. Karyn Edwards. Dr. John Reed and Dr. Karyn Edwards discuss their recently published article, "A Comprehensive Guide to Picking an Executive Coach." Dr. John Reed and Dr. Karyn Edwards bring their experiences and insights into the coaching industry, emphasizing the importance of quality and ethical considerations in executive coaching.


    Dr. Karyn Edwards, co-author of the article, shares her journey of collaboration with Dr. John Reed and the motivation behind writing the guide. Dr. John Reed, a seasoned coach, highlights the need for high standards in the fast-growing coaching industry and the importance of psychological and business depth in a coach's background.


    The podcast goes into key aspects of selecting an executive coach, including understanding the difference between quality and superficial appeal, the role of ethics and confidentiality, and assessing readiness for coaching. Practical insights from their article offer actionable strategies for leaders looking to make informed decisions when choosing a coach.


    Key Takeaways:

    • Leadership development requires intentional effort and continuous learning.


    • Understanding cultural differences is essential for effective leadership across diverse contexts.


    • Mindfulness and self-care practices are crucial for sustaining leadership effectiveness in times of change and uncertainty.


    • Coaches should possess a blend of business acumen and psychological insight to address leaders' complex challenges.


    • Readiness for coaching is vital; leaders must be committed to engaging in the coaching process and implementing behavioral changes.


    • A coach can serve as a thought partner, providing both support and challenge to drive personal and professional growth.


    To learn more about their comprehensive guide and access to resources for leadership development, visit the ATD magazine's January edition or reach out to Dr. John Reed and Dr. Karyn Edwards directly.


    Please watch the previous episode with Dr. Karyn Edwards here: https://youtu.be/L4poTWyokFI


    Please watch the previous episode with Dr. John Reed here: https://youtu.be/xfl9mPThm2A

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    31 m
  • Transforming Blue Rivers with Effective Communication with Dr. Ernest Wayde
    Jun 14 2024

    In this episode of the "Psych in Business" podcast, Dr. Ernest Wayde discusses leadership changes at Blue Rivers Hospital following its acquisition by Optima Health System. Dr. Emily Carter, the new acting CEO, aims to improve employee satisfaction and profitability using the service profit chain framework.


    However, Dr. Carter's initial meeting with the nursing staff backfires due to a miscommunication, causing defensive reactions and frustration. The nurses express their dissatisfaction with senior leadership's lack of understanding and support, highlighting a gap in Dr. Carter's approach.


    Seeking advice from a psychologist friend, Dr. Carter learns the importance of clear communication and understanding employee perspectives. She realizes she must better understand the employees' experiences and work collaboratively to find solutions. The episode concludes with a lesson on the complexity of organizational dynamics, the importance of effective leadership, and the need for a feedback-driven culture in the workplace.


    Key Takeaways


    • Organizational Change and Leadership Transition: The episode introduces Blue Rivers Hospital undergoing an acquisition by Optima Health System, resulting in a change in leadership. Doctor Emily Carter steps in as the acting CEO to fill the void left by the departure of the previous CEO.


    • Service Profit Chain Framework: Doctor Carter applies the service profit chain framework to understand the relationship between employee satisfaction and organizational profitability. She recognizes that satisfied, loyal, and productive employees lead to customer satisfaction and ultimately drive profit and growth.


    • Leadership Approach: Doctor Carter initially focuses on addressing employee satisfaction by meeting directly with the medical staff to understand their concerns and involve them in problem-solving. However, her approach of tying loss of profit to the nurses during the meeting is met with defensiveness and hostility from the staff.


    • Communication and Perception: The episode emphasizes the importance of clear communication and perception in leadership. Doctor Carter's initial focus on profit over the employee experience leads to misunderstandings and negative reactions from the staff. It highlights the need for leaders to consider how their actions and intentions are perceived by employees.


    • Feedback Culture: Doctor Carter learns the importance of seeking feedback from employees to understand how their actions and behaviors impact them. The episode encourages leaders to actively seek feedback from employees and coworkers to ensure that their actions align with their intentions and have the desired impact.


    You can visit his business website at Wayde Consulting.

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    9 m

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