Episode Transcript
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Speaker 1 (00:07):
From Adam from This anth Life. Good to have you
here today with me. You know, we've been putting out
a lot of episodes lately, shorts that are coming from
the cultural capitalist work that I've been doing with my
colleague Phil Searles, and you know, we wanted to kind
of give a bit of a best of in this
episode here, so kind of taking some of the ideas
that we thought were most impactful to the insights that
we've heard from folks that kind of helped them change
(00:29):
their thinking, and kind of put them together in a
little bit of a best of that tie some of
the ideas together. So hope you enjoy it, and we'll
be bringing your new content very soon. In fact, next week.
Understanding human behavior and cultural trends has never been more
crucial for tech investors. We're going to discuss how anthropological perspectives,
which are often overlooked by investors, are now being harnessed
(00:49):
to understand cultural change and guide smarter investment decisions in
the tech sector. Anthropology has been applied in business contexts
for decades, particularly in sectors like advertise and design, but
now it's gaining traction in financial services and especially things
like private equity and now venture capital. What this means
is today we are seeing a growing interest among investors
(01:10):
who realize that numbers alone can't tell the whole story.
Private equity firms have been hiring anthropologists for years to
help improve their market intelligence and their acquisition decision processes.
Anthropologists can help these firms understand the behavioral patterns of
industries and companies and even conduct cultural assessments in due diligence. So,
for example, they might analyze what the popularity of organic
(01:32):
pet food says about consumer values, or assess the cultural
or organizational dynamics within a resort that's up for acquisition
as a way to assess the business's viability. Hear a
lot about AI out there, but the other kind of
AI that we should be thinking about, and that's what
Jillian Tech calls anthropological intelligence. According to Jillian Tet, who's
a cultural anthropologist who famously predicted the two thousand and
seven two thousand and eight financial crisis, wrote about this
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in her work anthro Vision, emphasizing the idea that anthropology
can help support business in multiple especially around the context
of ESG or environmental social governance concerns. Anthropological intelligence zooms
in on the human element that goes beyond just things
like decision making behavior to provide a more nuanced and
contextual understanding that traditional analytical methods just miss. So as
(02:16):
venture capital begins to intersect more with fields like tech
ethics and cultural change, the demand for anthropologists and anthopological
insights is likely to grow early. Tech investors who understand
the implications of cultural change will be better equipped to
drive successful investments and to navigate the socio technical shifts
of tomorrow. So as we wrap up, remember that culture
is not just a buzzword. It's a complex, every evolving
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system that impacts everything from consumer behavior to corpus success.
By integrating anthropological insights into these strategies, tech investors cannot
only anticipate cultural changes, but also help shape them through
their investments. So if you're in the business of tech investments,
interested in the idea of tech or investments, or business
in general, it might be time to learn to think
like an anthropologist. You ever wonder what sets the Mission
(03:00):
and Wolverines apart from other college football teams. Now The
easy answers might be their twenty twenty four national championship
win or their iconic winning Telmets or their record breaking
attendance at the Big House. Beneath these service level distinctions
lies a far more intriguing and consequential difference. This is
the case study and how organizations can navigate cultural shifts
and leadership transitions while building lasting competitive advantages. In an
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era where college football often seems trapped between its amateur
roots and the gravitational pull of the NFL and professionalization,
the Wolverines have charged a unique course. They've developed what
can only be described as a player led culture. It's
a system that distributes leadership throughout the team, from seasoned
coaches all the way to freshman athletes. And this doesn't
just feel good rhetoric. It's a strategic approach that's yielding
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tangible results, of course, culminating in their twenty twenty four
National Championship victory. But more than that, this approach isn't
just about football. It's a microcosm of how organizations can
adapt and thrive during periods of transition. The Wolverine story
is particularly relevant now as college sports undergo seismic shifts
in player empowerment and comp and it demonstrates how understanding
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and strategically shaping organizational culture can create resilience and success
even in the face of leadership changes in industry. Wide
of people explore how coach Jim Harbaugh, in a move
that seems paradoxical, strengthened his program by seeding control, and
how this approach might be the key to maintaining and
building competitive advantages rooted in culture, whether on the field
(04:22):
or in any organization that's facing change. By applying anthropological
methods to sports, teams can uncover hidden dynamics that drive success,
foster resilience, and create lasting competitive advantages. As we navigate
this new landscape of cultural athletics, the teams that thrive
will be those that not only embrace change, but also
deeply understand their own cultural DNA. The Wolverines have shown
us that in the high stakes world of college football,
(04:44):
the most powerful playbook might just be written by anthropologists,
not just coaches. As we move forward, the question for
every organization becomes, are you ready to look beyond the
scoreboard and dive into the roots of culture? A cultural moate.
Now we're barring this idea from the idea of an
economic mote, which is popularized by billionaire investor Warren Buffett,
and an economic boat refers to a company's capacity to
(05:06):
sustain a competitive advantage in the marketplace against other organizations
or companies. A cultural mote, slightly differently gives a company
a competitive edge through the cultural beliefs and practices of
the company, the customers and stakeholders and everybody that's kind
of in an organization's ecosystem. So it can have economic
implications and often does because customers might be more loyal
for example, they want to evangelize and tell their friends
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about a product or service they love. But it also
does something else beyond just economics, and companies often will
build these cultural motes through the value and the meaning
of their brands and products to consumers. And this happens
when companies think beyond just the use value of a
product what it does for somebody, or the functional value,
and they think about how it can contribute to people's
lives in a more holistic way, so talking across like functional, economic, social,
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and emotional levels. Now, companies with strong cultural motes tend
to have very distinctive brands, They have loyal customers and
a societal impact that sets them apart from other companies. So,
for example, Disney has a rabid fan base devotees we
might say, who form a subculture that are so well
known as a unique group that they've become the subject
(06:11):
of serious academic scholarship and studies. They have shaped political discourse,
and they've influenced culture globally. Cultural value is built over
time through effective experiences and narratives between an organization and
company and consumers. And while Disney's cultural value is often
tied to nostalgia and customers' memories like imaging a magical childhood, right,
Apple is more often associated with envisioning how technology is
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shaping the future. Now, the cognitive processes for remembering the
past and imagining the future are powerful, and they're also
closely related to one another. And so we see these
companies have used these neurological processes to help them create
especially impactful cultural modes. But one useful perspective that I
want to leave us with in this context around Apple's
green and blue bubbles is semiotics. Semiatics is the science
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of signs and symbols, and blue and green text bubbles
have strategic to Apple because of their symbolic meanings to
American iPhone users. Now, in the corporate world, semiotics is
often discussed in terms of residual, dominant, and emergent cultural phenomenon.
That means ideas that have been sticking around for a while,
that they're residual, the dominant ones that are capitalizing and
shaping mainstream thinking. An emergent are the new ideas that
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are kind of coming down the pike shaping subcultures that
may become mainstream one day. In semiatics in general will
go beyond these framing, but this is often how people
are introduced to semiatic concepts, especially through business and marketing.
So that's why I wanted to pay attention to them today. Now.
One of the important things to think about this as
well is that symbolic meetings tend to change with culture,
and the thing is culture is changing faster than ever.
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So for example, think about how the symbolic meaning of
a blue check mark on Twitter has changed over the years,
and even Twitter's cultural motes have undergone dramatic change. Is
just in the last couple of years. As you know,
there's a new owner and there's a new company name.
It's been a little bit crazy. So at a time
when culture seems to be changing day by day. Apple's
ability to keep the blue and green bubbles at the
core of its cultural mote is especially noteworthy. And thank
(07:58):
you as always for joining me on the pod today.
If there are other companies and organizations, topics, or ideas
that you'd love for us to explore in this series,
do not hesitate to reach out and get me on
social media for email, on the website, or on our
substat I always love being in conversation with you, and
you make the show worth it. Thanks for sticking around.
You're listening to or watching this anthe life, and I'm
your host, Adam Gamwell, we'll see you next time.