EP 82 - Should startups promote a social vision with Murat Tarakci and Timo van Balen
Description
This episode is for everybody who wants to get a bit nerdy with top-notch entrepreneurship research. We are excited to welcome the two renowned scholars Murat Tarakci & Timo van Balen to gain insights into their electrifying research about how startups with a social vision struggle to attract job talent. Gerrit’s trajectory perfectly complements this academic understanding as the founder of a nonprofit startup and inevitably leads to fascinating discussions.
Revisiting some of our most commonly discussed topics, like message-market-fit, communication strategies for startups, and the struggles of building a solid recruiting strategy, but this time with the sound support of top-level research.
Chapters:
(0:10 ) Intro to the episode
(1:20 ) Murat’s background story
(2:40 ) Timo’s background story
(4:38 ) Why did Timo join a startup after his PhD?
(6:10 ) Topic and motivation for the paper
(10:55 ) Gerrit’s view on the social vision
(15:20 ) The message depends on the audience
(18:00 ) The different pools for applicants
(21:10 ) Employees as „rational actors“?
(26:08 ) Discussing the results that a stronger social purpose leads to fewer applicants for the startup
(30:51 ) Using other channels to lure applicants
(34:20 ) Storytelling in communicating social visions
(39:25 ) Implications for practitioners when formulating a communication strategy
(43:05 ) Message market fit
(47:00 ) How do Mura & Timo integrate the results into their teaching?
(51:58 ) Faking a social purpose
(58:56 ) Murat’s recommendation
(1:00:40 ) Timo’s podcast recommendation
Murat’s recommendation
Ethan Mollick - The Unicorn's Shadow
Ron Adner - Winning the right game
Timo’s recommenation