Value Creators
Welcome to the Value Creators podcast, the ultimate destination for business enthusiasts seeking to unlock the secrets of success through the lens of Austrian economics. Join Hunter Hastings and a variety of insightful guests as they delve into engaging conversations with business owners and esteemed practitioners from leading business schools.
In each episode, the Value Creators podcast goes beyond the surface-level discussions of traditional business strategies and explores the profound impact of Austrian economics on the world of entrepreneurship. Drawing upon the rich principles and theories of this school of thought, our host uncovers hidden gems and actionable insights to help listeners improve their businesses.
With a keen focus on value creation, this podcast aims to inspire and empower listeners to elevate their businesses to new heights. By exploring the ideas of Austrian economics, which emphasize individual decision-making, market dynamics, and the importance of entrepreneurship, our interviews shed light on innovative strategies and approaches to succeed in today's dynamic business landscape.
We'll present a diverse range of guests, including successful business owners who have effectively applied Austrian economics principles to their enterprises. Listeners will gain invaluable knowledge about strategic decision-making, market-driven innovation, and the importance of understanding human action in business contexts.
Additionally, the podcast features discussions with esteemed practitioners from renowned business schools. These experts provide listeners with a broader perspective on how Austrian economics can be effectively integrated into business curriculums, enabling aspiring entrepreneurs to sharpen their skills and gain a competitive edge.
Whether you're a seasoned business owner, an aspiring entrepreneur, or a curious mind intrigued by the intersection of Austrian economics and business, the Value Creators podcast is your go-to resource. Tune in to each episode to explore thought-provoking discussions, actionable advice, and captivating stories that will inspire you to unleash your full business potential.
Are you ready to uncover the secrets of successful businesses through the principles of Austrian economics? Join us on the Value Creators podcast and embark on an enlightening journey that will revolutionize the way you approach entrepreneurship.
Value Creators
Episode #50. Creating Value With AI Agents with Michael Walker
We are about to enter the era of AI agents, and learning about them and deploying them is relevant to every business. What are they? How can a business develop one? How can a business successfully deploy one? How can a business develop a team of AI agents to work together to automate processes? How will these AI agents create value for customers?
In this episode of the Value Creators Podcast, Hunter Hastings gets answers to these questions from Michael Walker of SmythOS. Michael is the right expert to learn from because he prioritizes customer-centricity in AI solutions. Michael believes that businesses should put customer needs and benefits first, before technology features. That’s the Value Creators mindset, and it helps businesses to avoid the common pitfall in tech-first startups where excessive focus on features can obscure the value for end-users. According to Michael, this focus on customer problems is foundational, and AI deployment should primarily aid in addressing customer needs rather than showcasing technological capabilities.
SmythOS advocates for a future where AI and humans work in synergy to optimize value creation effectiveness.
Resources:
Connect with Hunter Hastings on LinkedIn
Connect with Michael Walker on LinkedIn
Follow Michael Walker on Substack
The Value Creators Online Course
Show Notes:
0:00 | Intro
0:30 | Focus on Customer’s
2:17 | Can AI be Emphatatic?
3:59 | Mainstream Market for AI: Is it Here Yet?
6:47 | SmithOS: Vision and Mission
9:04 | OS: Coordinated AI
11:57 | Solving the Problem of Generating Innovation Idea
15:37 | Can AI Improve the Quality of Technological Investments?
18:01 | AI Boosts Productivity by Optimizing Resource Allocation
19:27 | Michael’s Views on AI: Enabling Smaller, Tech-Driven, Specialized Firms
21:47 | AI May Replace OR Transform SaaS Companies
23:39 | Smith OS: Relationship Between the Owner of the Problem and the Designer of the Solution
25:36 | AI Integration May Eliminate Traditional Company Departmental Silos
28:01 | AI Agents as Team Members
29:30 | AI CEO
31:30 | Hunter’s Contradictory Approach: AI Can Help Us with Vision and Mission
33:41 | Can AI Generate Bold, Unconventional Ideas?
34:34 | Entrepreneurial Intent
36:00 | Changing Interaction Modes will Transform Technology Perception
39:15 | Potential AI Risks and Concerns
40:54 | Wrap - Up
