97. No Rules, No Trust: How Accountability Shapes Communication

Communication is like a game. For it to work, each person has to trust that their partner will play by the rules. As Professor Anat Admati says, the same is true for corporations and their stakeholders.
“To have good governance, you need trust and accountability,” says Admati, a professor of finance and economics and the director of the Corporations and Society Initiative. How does a society ensure that markets, businesses, and governments are all on the same page? As Admati says, “We need rules. I can commit to you that I won’t harm you because something bad will happen to me if I [do].”
In this episode of Think Fast, Talk Smart, Admati joins host Matt Abrahams to discuss how communication forms a bedrock of trust that can align markets, businesses, and governments - for more accountable capitalism and a healthier society.
More resources
For a full transcript of this episode, visit our the podcast's website:
www.gsb.stanford.edu/faculty-... www.gsb.stanford.edu/business....
Anat Admati (gsb-faculty.stanford.edu/anat...)
Anat Admati: The Economist Who Said “The Bankers Have No Clothes” (www.gsb.stanford.edu/insights...)

[@shrikantpawar8269]

Every video useful.

[@ambition112]

1:00: 🎙 Matt introduces the HBR IdeaCast podcast and Anat Admati as his guest.
3:44: ✅ The speaker learned to communicate with a broader audience by starting from familiar concepts, using analogies, and connecting to current events.
6:41: 💡 The importance of communication and transparency in finance, and the challenges faced in engaging with powerful individuals.
10:03: 🏦 The problem is reckless management and bad enforcement of rules in the banking industry.
14:31: 📚 The importance of governance, trust, and accountability in institutions and communication.
15:47: ✨ Trust, commitment, and accountability are essential in society and communication.
18:35: 🗣 Key ingredients for successful communication: understanding your own shortcuts and assumptions, meeting audiences where they are, and focusing on the message and purpose without distractions.
Recap by Tammy AI

[@jaybrown9685]

😊

[@Bkind2all.]

🎉

[@abhishekbhandari-88]

thanks sir

[@pacifiquebusiness]

Thank you 🙏