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Young and Profiting with Hala Taha (Entrepreneurship, Sales, Marketing)


1 Dave Ramsey: 5 Stages to Build and Scale a Business That Lasts | Entrepreneurship | E344 1:03:38
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Too many entrepreneurs get stuck on the business treadmill, hustling nonstop, unable to scale, and unknowingly stalling their growth. That’s where Dave Ramsey began. After crashing into $3 million in debt, he rebuilt from scratch, turning a small radio program into a national show with millions of listeners. With over three decades of experience in entrepreneurship, business growth, and content creation, he knows what it takes to build a lasting business. In this episode, Dave reveals the six drivers of long-term success, the five key stages of startup growth, and how he balances life as an entrepreneur and a content creator. In this episode, Hala and Dave will discuss: (00:00) Introduction (00:23) The Core Principles of Financial Freedom (05:42) Adapting to Change as a Content Creator (09:22) Balancing Content Creation and Entrepreneurship (12:34) How to Create a Clear Path in Business (15:19) The Truth About Starting a Business Today (18:22) The Six Drivers of Business Success (26:20) Shifting From Tactical to Strategic Thinking (29:44) The Five Stages of Business Growth (41:10) Leading with Care, Clarity, and Accountability (47:10) Identifying the Right Leadership Skills (48:35) Starting a Media Business as an Entrepreneur Dave Ramsey is a personal finance expert, radio personality, bestselling author, and the founder and CEO of Ramsey Solutions. Over the past three decades, he has built a legacy of helping millions achieve financial freedom. As the host of The Ramsey Show , Dave reaches more than 18 million listeners each week. He is the author of eight national bestselling books. His latest, Build a Business You Love , helps entrepreneurs navigate growth and overcome challenges at every stage. Sponsored By: Shopify - Sign up for a one-dollar-per-month trial period at youngandprofiting.co/shopify OpenPhone: Streamline and scale your customer communications with OpenPhone. Get 20% off your first 6 months at openphone.com/profiting Airbnb - Find yourself a co-host at airbnb.com/host Indeed - Get a $75 sponsored job credit at indeed.com/profiting RobinHood - Receive your 3% boost on annual IRA contributions, sign up at robinhood.com/gold Factor - Get 50% off your first box plus free shipping at factormeals.com/factorpodcast Rakuten - Save while shopping at rakuten.com Microsoft Teams - Stop paying for tools. Get everything you need, for free at aka.ms/profiting LinkedIn Marketing Solutions - Get a $100 credit on your next campaign at linkedin.com/profiting Resources Mentioned: Dave’s Book, Build a Business You Love: bit.ly/BuildaBusinessYouLove Dave’s Website: ramseysolutions.com Active Deals - youngandprofiting.com/deals Key YAP Links Reviews - ratethispodcast.com/yap Youtube - youtube.com/c/YoungandProfiting LinkedIn - linkedin.com/in/htaha/ Instagram - instagram.com/yapwithhala/ Social + Podcast Services: yapmedia.com Transcripts - youngandprofiting.com/episodes-new Entrepreneurship, Entrepreneurship Podcast, Business, Business Podcast, Self Improvement, Self-Improvement, Personal Development, Starting a Business, Strategy, Investing, Sales, Selling, Psychology, Productivity, Entrepreneurs, AI, Artificial Intelligence, Technology, Marketing, Negotiation, Money, Finance, Side Hustle, Mental Health, Career, Leadership, Mindset, Health, Growth Mindset, Side Hustle, Passive Income, Online Business, Solopreneur, Networking.…
Programmed to Fail - 7. Complexity
Manage episode 355515849 series 2909157
Contenido proporcionado por Acquisition Talk and Eric Lofgren. Todo el contenido del podcast, incluidos episodios, gráficos y descripciones de podcast, lo carga y proporciona directamente Acquisition Talk and Eric Lofgren o su socio de plataforma de podcast. Si cree que alguien está utilizando su trabajo protegido por derechos de autor sin su permiso, puede seguir el proceso descrito aquí https://es.player.fm/legal.
Welcome to a special series on the acquisition talk podcast that gives you an audiobook tour of my research project titled, Programmed to Fail: The Rise of Central Planning in Defense Acquisition 1945 to 1975. I’m Eric Lofgren of the Baroni Center for Government Contracting at George Mason University. You can find this book for free and over 1,300 blog posts on my website, https://AcquisitionTalk.com. In this chapter of Programmed to Fail, we dive into how complex order in the real world emerges from simple and iterative systems of nonlinear interactions. The umbrella term of complex adaptive systems is used to describe self-organizing systems of emergent order that adapt to an uncertain environment. While these properties are not in general desirable for weapon systems that humans use in the field, they are certainly desirable properties for the defense acquisition system as much as they are for market economies. In this chapter, we trace John Boyd’s work from weapon systems design into complexity theory that leverages Godel’s incompleteness theorem, Heisenberg’s uncertainty principle, and the second law of thermodynamics. We find that the only realistic way to generate a system that exhibits complex behaviors beyond the foresight of any individual is to build from the bottom-up according to simple rules. Tacit coordination based on local conditions can then give rise to emergent order, a process not appreciated by advocates of top-down planning and built into the foundations of the Planning-Programming-Budgeting System. While complexity theories have started to penetrate the philosophy of military operations, we are still at the early stages of appreciating these ideas in the world of defense acquisition. This podcast was produced by Eric Lofgren. You can follow me on Twitter @AcqTalk and find more information at https://AcquisitionTalk.com
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166 episodios
Manage episode 355515849 series 2909157
Contenido proporcionado por Acquisition Talk and Eric Lofgren. Todo el contenido del podcast, incluidos episodios, gráficos y descripciones de podcast, lo carga y proporciona directamente Acquisition Talk and Eric Lofgren o su socio de plataforma de podcast. Si cree que alguien está utilizando su trabajo protegido por derechos de autor sin su permiso, puede seguir el proceso descrito aquí https://es.player.fm/legal.
Welcome to a special series on the acquisition talk podcast that gives you an audiobook tour of my research project titled, Programmed to Fail: The Rise of Central Planning in Defense Acquisition 1945 to 1975. I’m Eric Lofgren of the Baroni Center for Government Contracting at George Mason University. You can find this book for free and over 1,300 blog posts on my website, https://AcquisitionTalk.com. In this chapter of Programmed to Fail, we dive into how complex order in the real world emerges from simple and iterative systems of nonlinear interactions. The umbrella term of complex adaptive systems is used to describe self-organizing systems of emergent order that adapt to an uncertain environment. While these properties are not in general desirable for weapon systems that humans use in the field, they are certainly desirable properties for the defense acquisition system as much as they are for market economies. In this chapter, we trace John Boyd’s work from weapon systems design into complexity theory that leverages Godel’s incompleteness theorem, Heisenberg’s uncertainty principle, and the second law of thermodynamics. We find that the only realistic way to generate a system that exhibits complex behaviors beyond the foresight of any individual is to build from the bottom-up according to simple rules. Tacit coordination based on local conditions can then give rise to emergent order, a process not appreciated by advocates of top-down planning and built into the foundations of the Planning-Programming-Budgeting System. While complexity theories have started to penetrate the philosophy of military operations, we are still at the early stages of appreciating these ideas in the world of defense acquisition. This podcast was produced by Eric Lofgren. You can follow me on Twitter @AcqTalk and find more information at https://AcquisitionTalk.com
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×In this final episode of Programmed to Fail, we explore the true importance of reforming the Planning, Programming, Budgeting, and Execution process in the Department of Defense. Some may say that it is only a poor craftsman who blames his tools, that it is deficiencies in the workforce rather than problems of the acquisition and budgeting systems that are holding weapons innovation back. But certainly, it is not the lack of quality and drive in the people that has held North Korea back relative to their neighbors in South Korea, or that has stymied the growth of nations in the former Soviet Union. It was the ideologies of the political economy thrust upon the people that so devastated their culture. The PPBE is a similarly radical break from American values and traditions that has left good people burdened by a bad process. No longer can the defense acquisition workforce take joy in their hefty responsibility. No longer can the workforce see themselves in their work. They are tossed about in a system too large for them to affect, and the workforce is expected to be like a caretaker driving a train down pre-set tracks, rather than an explorer, a creator, and a builder with intrinsic value. Fulfilling individual desires to contribute to national security will more rapidly accelerate our common security than any top-down optimization and 30-year lifecycle plan. The problem is how large groups of people can be coordinated to achieve an end that is beyond the comprehension of any small group or plan. That is what we will explore in this final chapter of Programmed to Fail. This podcast was produced by Eric Lofgren. You can follow me on Twitter @AcqTalk and find more information at https://AcquisitionTalk.com…

1 Programmed to Fail - 9. Cost 1:09:15
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In this episode of Programmed to Fail, we explore how accounting costs do not reveal the value being generated in the production process and cannot be used, on their own, as a guide for specific choices. Cost is not an objective reality, particularly to those who know the vagaries of cost accounting. Instead, our view of cost depends on subjective use value and is related to the term opportunity cost, or the next-best choice foregone. This chapter reveals that for defense acquisition to truly understand weapons value and leverage the power of commercial markets, it needs to shift away from its obsession with financial metrics. This podcast was produced by Eric Lofgren. You can follow me on Twitter @AcqTalk and find more information at https://AcquisitionTalk.com…
In this episode of the Acquisition Talk podcast, Dorothy Engelhart joins me to discuss unmanned surface and underwater vessel development in the United States Navy. Dorothy is the Director of Unmanned Systems in the Deputy Assistant Secretary of the Navy for ships, and she has been in this role since 2015. Before that, she was a senior acquisition manager for Marine Corps MDAPs, and had over 20 years of experience in NAVAIR as well as experience on the Hill. 1:04 - Rundown of the unmanned portfolio 2:40 - Enabling technologies vs. Program of Record 4:45 - Timeline to fielding USVs and UUVs 7:00 - Owning the data for autonomy 11:10 - Capability over time curves and USV requirements 15:00 - USV Concept of operations 19:30 - Industry's readiness for USV production 27:40 - Agile funding and acquisition authorities 35:00 - Speed of adoption in Turkey and other nations 37:30 - "As a service" business model 41:50 - Navy's autonomy roadmap 45:00 - Total cost of ownership 49:40 - The Disruptor newsletter This podcast was produced by Eric Lofgren. You can follow me on Twitter @AcqTalk and find more information at https://AcquisitionTalk.com…

1 Programmed to Fail - 8. Competition 1:16:23
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In this episode of Programmed to Fail, we discuss the integral role of rivalrous competition in the discovery of knowledge and the growth of technology. It finds that policy maker's dreams about single best plans and pre-coordinating service behavior to avoid duplication, competition, and overlap is a false economy, one that stamps out the true creative potential of the American people and harms national security. Competition not only regulates incentives by prospect of punishment and reward. Just as importantly, the competitive process solves critical problems of knowledge. In fact, competition is most important under the presence of uncertainty. Planners cannot know what is optimal outside the process in which alternative courses of action are developed, brought into competition, and evaluated. Friedrich Hayek described how “In sporting events, examinations, the awarding of government contracts, or the bestowal of prizes for poems, not to mention science, it would be patently absurd to sponsor a contest if we knew in advance who the winner would be.” The information on which sports team performs better, or which project plan provides the most value, is only discovered in the process of competition. Otherwise, the rivalry is wasteful if one could reliably pre-determine the winner. Dynamic competition results in the emergence of complex patterns of economic behavior, and consequently, technological growth. It is very different from the type of competition taught in economic textbooks or practiced in defense management. In economics, we are told about “perfect” competition, a concept which relies on bizarre assumptions of complete information and product homogeneity. In defense, we are told that contracts are awarded “competitively,” even when solutions are pre-specified and the contractors who buy-in get bailed-out. While officials in the Department of Defense have often talked about the benefits of competition, the policies they’ve pursued continually run counter to the one real condition necessary for competitive forces to occur: free entry. Contrary to traditional wisdom, the history of defense acquisition has shown that the advertisement and open bid process does not provide assurance of free entry. When government is the only buyer, free entry requires an organization designed for pluralism. This podcast was produced by Eric Lofgren. You can follow me on Twitter @AcqTalk and find more information at https://AcquisitionTalk.com…

1 Programmed to Fail - 7. Complexity 1:12:06
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Welcome to a special series on the acquisition talk podcast that gives you an audiobook tour of my research project titled, Programmed to Fail: The Rise of Central Planning in Defense Acquisition 1945 to 1975. I’m Eric Lofgren of the Baroni Center for Government Contracting at George Mason University. You can find this book for free and over 1,300 blog posts on my website, https://AcquisitionTalk.com. In this chapter of Programmed to Fail, we dive into how complex order in the real world emerges from simple and iterative systems of nonlinear interactions. The umbrella term of complex adaptive systems is used to describe self-organizing systems of emergent order that adapt to an uncertain environment. While these properties are not in general desirable for weapon systems that humans use in the field, they are certainly desirable properties for the defense acquisition system as much as they are for market economies. In this chapter, we trace John Boyd’s work from weapon systems design into complexity theory that leverages Godel’s incompleteness theorem, Heisenberg’s uncertainty principle, and the second law of thermodynamics. We find that the only realistic way to generate a system that exhibits complex behaviors beyond the foresight of any individual is to build from the bottom-up according to simple rules. Tacit coordination based on local conditions can then give rise to emergent order, a process not appreciated by advocates of top-down planning and built into the foundations of the Planning-Programming-Budgeting System. While complexity theories have started to penetrate the philosophy of military operations, we are still at the early stages of appreciating these ideas in the world of defense acquisition. This podcast was produced by Eric Lofgren. You can follow me on Twitter @AcqTalk and find more information at https://AcquisitionTalk.com…

1 Programmed to Fail - 6. Innovation 1:24:57
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In this episode, we take a look at the history of the the defense innovation process and compare it to processes in Western Europe and the Soviet Union. It also discusses the origins of the 5000-series regulations for acquisition and the stage-gate theory of development. It includes a case study on the Lightweight Fighter program which provided DoD the F-16 and F-18 fighter aircraft, and traces how their success was an unlikely outcome that required the dogged intervention of John Boyd and the fighter mafia, demonstrating how difficult non-consensual innovation can be in the Department of Defense. This podcast was produced by Eric Lofgren. You can follow me on Twitter @AcqTalk and find more information at AcquisitionTalk.com…
Welcome to a special series on the acquisition talk podcast that gives you an audiobook tour of my research project titled, Programmed to Fail: The Rise of Central Planning in Defense Acquisition 1945 to 1975. I’m Eric Lofgren of the Baroni Center for Government Contracting at George Mason University. You can find this book for free and over 1,300 blog posts on my website, AcquisitionTalk.com. Monolithic program budgets have led to monolithic contracts that have thwarted technical goals. However, if DoD can reform its budgeting process, it can also unpack system requirements and modularize contracts alongside technically separable components. This is important because different elements of a system have different development cycle times. For example, advances in material sciences and infrastructure move slowly, perhaps on the order of five to ten years or more. Aided by Moore’s law, electronics can cycle through new models every couple of years. Software is even faster, capable of deploying new updates potentially every day. Defense officials cannot afford to slow down entire weapon systems to the slowest common denominator, and must instead move in asynchronous times to maximize technological progress. In this episode of Programmed to Fail, the relationship between the budgeting and contracting processes will be made. It finds that the premature of defining entire program lifecycles also makes its way into the contract, which constrains the adaptive learning process. A properly functioning contract process with industry requires a flexible budgeting process within government. This podcast was produced by Eric Lofgren. You can follow me on Twitter @AcqTalk and find more information at AcquisitionTalk.com…
In this episode, we explore how the Department of Defense radically broke from liberal traditions and American values by installing a Soviet-style process called the Planning, Programming, Budgeting System, or PPBS. It is not a coincidence that progress in military technologies dramatically slowed down over the course of the 1960s and 1970s. This is a direct implication of the PPBS which took decisions out of the hands of people closest to the work and rose the status of unaccountable bureaucrats aligned with comptrollers, accountants, economists, and analysis. There has been a growing recognition of the need to reform the industrial age PPBE process so that the United States can outpace peer-competitors like China and Russia in military technology. Senator Jack Reed said of PPBE, “It is likely too slow and cumbersome to meet many of DoD’s requirements to adopt new technologies in a rapid, agile manner.” Representative Adam Smith said, “We’ve got to give the Pentagon greater flexibility in terms of moving money around so that they’re not locked into a two-year or five-year cycle.” Former Representative Mac Thornberry wrote how “Today’s rapid innovation and technological change renders our industrial age approach to funding obsolete” The fiscal year 2022 national defense authorization act created a congressional commission to investigate reform of the PPB system. The commission has a hefty duty for it is the first major review of the resourcing system since the Jackson Committee hearings of the late 1960s. They are tasked with analyzing the extensive timelines, new and agile budgeting methods, how other agencies and countries resource programs, and make recommendations. This episode of Programmed to Fail provides an important economic backdrop to the adoption of the Planning, Programming, Budgeting System, a system that continues to dominate how money flows and weapons are resourced today, and why it must be reformed. This podcast was produced by Eric Lofgren. You can follow me on Twitter @AcqTalk and find more information at AcquisitionTalk.com…
Welcome to a special series on the acquisition talk podcast that gives you an audiobook tour of my research project titled, Programmed to Fail: The Rise of Central Planning in Defense Acquisition 1945 to 1975. I’m Eric Lofgren of the Baroni Center for Government Contracting at George Mason University. You can find this book for free and over 1,300 blog posts on my website, AcquisitionTalk.com. In this third episode, we look at the 1950s debates over how weapons development should proceed. The listener will find strong parallels to the modern debates over waterfall vs. agile development practices. Weapons development in the 1940s and 50s followed an agile method of iterative and incremental decisions made by small, empowered teams. Yet this practice became supplanted by the belief that iteration and competitive developments revealed a failure to plan, and that planning could relieve all uncertainties in weapons development. As you listen to the story, consider how weapons today are expected to proceed linearly from science, to prototyping, to full scale development, production, then operations and sustainment. There is little or no room for feedback mechanisms and learning. However, another important aspect of software today is not just agile development, but continuous development and deployment of capability in what is called devops. The lines between development and production are not as clear today as they were presented in the hardware-oriented world of the 1950s. Listen in on our third chapter of the Programmed to Fail story, this time focusing of the emerging religion of systems analysis, a religion which continues to pervade the defense acquisition system 70 years later. This podcast was produced by Eric Lofgren. You can follow me on Twitter @AcqTalk and find more information at AcquisitionTalk.com…
Welcome to a special series on the acquisition talk podcast that gives you an audiobook tour of my research project titled, Programmed to Fail: The Rise of Central Planning in Defense Acquisition 1945 to 1975. I’m Eric Lofgren of the Baroni Center for Government Contracting at George Mason University. You can find this book for free and over 1,300 blog posts on my website, AcquisitionTalk.com. In this episode, we take a look at the history of the unification of the armed forces under a single Department of Defense. Even today, we hear calls for the elimination of duplication, competition, and overlap between the military services. Proponents believe that military affairs can be brought into a state of perfection. But could you imagine if the government decided that only IBM could build computers, only Ford could build cars, and only AT&T could provide telecommunications? It’s pretty clear that innovation would have been stopped in its tracks. The following provides an overview of two chapters: first, how calls for centralization resulted in unification of the armed forces, and second, the seeds of program budgeting which was intended to be the administrative tool of centralized decision makers. This podcast was produced by Eric Lofgren. You can follow me on Twitter @AcqTalk and find more information at AcquisitionTalk.com…
Balloon bloodlust, the epic military history of balloons, the fate of US-China relations, and how balloon expertise can help you on Hinge What on Earth is a Chinese spy balloon doing over the US? To discuss, we have William “Balloon Guy” Kim of The Marathon Initiative, Eric Lofgren of Acquisition Talk, and Gerard DiPippo of CSIS. We dive into: The epic military history of balloons; - Why it’s surprisingly difficult to shoot down a balloon, and the US-China “balloon gap” - Whether Secretary of State Blinken should have canceled his trip to China; - How expertise in balloons could improve your dating prospects. This podcast was produced by Eric Lofgren. You can follow me on Twitter @AcqTalk and find more information at AcquisitionTalk.com…
Welcome to a special series on the acquisition talk podcast that gives you an audiobook tour of my research project titled, Programmed to Fail: The Rise of Central Planning in Defense Acquisition 1945 to 1975. I’m Eric Lofgren of the Baroni Center for Government Contracting at George Mason University. You can find this book for free and over 1,300 blog posts on my website, https://AcquisitionTalk.com. This series traces the rise of the modern system for acquiring weapons between 1945 and 1975. It documents how pluralistic methods of market-like competition were replaced by industrial era concepts of top-down control. Technology developments became treated like reproducible goods moving down an assembly line. More decisions were consumed by an overly centralized bureaucracy obsessed with perfection on paper rather than experimentation and rapid scaling of what works. This series argues that failure is built into modern defense acquisition. Attempts to detail financial plans by program output has corrupted the decision-making process. Hundreds of requirements are levied from all corners of the bureaucracy. Dozens of approvals are required to authorize funds. Years pass before the program can proceed, and once it does, plans become locked-in for five, ten, or twenty years into the future. The programming aspect of the budget is the ultimate source of rigidity in acquisition. Hence, the series title Programmed to Fail. This podcast was produced by Eric Lofgren. You can follow me on Twitter @AcqTalk and find more information at https://AcquisitionTalk.com…
I was pleased to have Pete Newell back on the Acquisition Talk podcast to discuss the urgency of getting innovative defense prototypes into the field and working with partner nations. Pete is founder and CEO of BMNT Inc., a global technology advisory firm, co-founder of Hacking 4 Defense, and a retired Army Colonel who ran the Rapid Equipping Force that fielded hundreds of products into Iraq and Afghanistan. 1:05 - The problem with the National Defense Strategy 2:55 - Hacking for Allies program 5:30 - Doing DOTMLPF in six months instead of six years 7:50 - Congress will have to drive change 10:00 - Acquisition risk reduction increases warfighter risk 12:25 - Joint assignments for innovation 14:40 - Ukraine's speed to incorporate new tech 16:30 - Story of heroic tech transition at the REF 23:30 - Turning saboteurs into advocates 28:00 - Program Manager personal networks 32:50 - What to do in 3-5 years to deter China 35:00 - How to fix Defense Innovation Unit 40:00 - Office of Strategic Capital This podcast was produced by Eric Lofgren. You can follow me on Twitter @AcqTalk and find more information at https://AcquisitionTalk.com…

1 NatSec News: Jan 10, 2023 1:08:04
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Eric Lofgren and Matt MacGregor chat about the week's newsworthy headlines the world of military acquisition. This podcast was produced by Eric Lofgren. You can follow me on Twitter @AcqTalk and find more information at https://AcquisitionTalk.com
Matt Steckman and Trae Stephens joined me on the Acquisition Talk podcast to discuss their approach at Anduril Industries to scaling up in defense. Matt is the Chief Revenue Officer and a former guest of Acquisition Talk, while Trae is Anduril's co-founder and executive chairman, as well as a partner at Founder's Fund. In the episode, we discuss: - How Anduril is becoming a hardware rich company - Reactions as to whether tech-bros are helping in Ukraine - Why software companies have larger margins than defense primes - Whether Anduril will adopt DoD business systems as they scale - How to improve competition through product over white papers This podcast was produced by Eric Lofgren. You can follow me on Twitter @AcqTalk and find more information at https://AcquisitionTalk.com…
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1 NatSec News: Sep. 13, 2022 1:04:09
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Eric Lofgren and Matt MacGregor chat about the week's newsworthy headlines the world of military acquisition. This podcast was produced by Eric Lofgren. You can follow me on Twitter @AcqTalk and find more information at https://AcquisitionTalk.com
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1 What it takes in acquisition to deter China with Matt MacGregor, Greg Grant, and Pete Modigliani 1:16:58
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A new paper from MITRE takes an end-to-end look at how military strategy gets translated into the types of weapon systems actually bought through the acquisition process. It is called Five First Steps to a Modern Defense Budgeting System, and I was pleased to have the authors on the podcast to discuss it: Matt MacGregor, Greg Grant, and Pete Modigliani. In the episode, we discuss - What a challenge-driven Defense Planning Guidance could look like - How special, "innovation" funds can be improved - Oversight of Middle-Tier programs - Imperative for new start authorities This podcast was produced by Eric Lofgren. You can follow me on Twitter @AcqTalk and find more information at https://AcquisitionTalk.com…
Eric Lofgren and Matt MacGregor chat about the week's newsworthy headlines the world of military acquisition. This podcast was produced by Eric Lofgren. You can follow me on Twitter @AcqTalk and find more information at https://AcquisitionTalk.com
I was pleased to have Ben Van Roo on the Acquisition Talk podcast to discuss data on the Small Business Innovation Research (SBIR) program and potential reforms. The SBIR program was created in 1982 and is currently funded with 3.2 percent of extramural R&D performed by larger agencies. Coming from a founder and VC perspective, the question Ben asked was whether an emerging tech company should be going after SBIR money. While it is sometimes call "America's Seed Fund," Ben found that some companies will each receive tens of millions in SBIR awards year after year. These firms, sometimes called "SBIR mills," have by-and-large failed to receive significant DoD follow on contracts, indicating a failure to commercialize. The top 25 firms won $1.5 billion in SBIR awards over a six year period, or more than 20 percent of the SBIR total. Overall, Ben finds that perhaps 50-60 percent of all SBIR funding will go to incumbent firms that have sophisticated proposal writing functions. Another 20 to 30 percent of SBIR funding goes towards firms that use third-party consultants to write their proposals. These consulting firms often employ former procurement officials who can help navigate difficult parts like large, open-ended cost volumes. This is where you'll hear "pay to play" in the SBIR world. Ben's rough estimates for these services are $3,000 to $6,000 per month, and there may be different fee structures where the consultants can receive some equity in the company or a fraction of the award if successful. That means between 10 and 30 percent of SBIR funding is up for grabs to emerging tech companies, meaning that their likelihood to win is relatively low. While SBIR may be one of the most accessible programs to get into the defense industry, it is not one designed to transition dual-use tech firms into fielded capabilities. Ben notes that comparatively few firms that received DIU or In-Q-Tel funding also won SBIR awards, perhaps because they were more focused on growth opportunities of companies that are already commercializing (Series B or Series C). This podcast was produced by Eric Lofgren. You can follow me on Twitter @AcqTalk and find more information at https://AcquisitionTalk.com…
Eric Lofgren and Matt MacGregor chat about the week's newsworthy headlines the world of military acquisition. This podcast was produced by Eric Lofgren. You can follow me on Twitter @AcqTalk and find more information at https://AcquisitionTalk.com
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1 Strategic planning and digital transformation with John Whitley 1:02:37
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I was pleased to have the John Whitley join me on the Acquisition Talk podcast to discuss digital transformation, the potential for "as a service" business practices to bypass the valley of death, and deeper issues of program analysis and strategic planning. John was recently the acting Secretary of the Army in 2021, Army Comptroller before that, and acting Director of OSD Cost Assessment and Program Evaluation (CAPE). He's also had past experience in FFRDCs, other agencies, teaching at universities, and started out on the operational side as an Army Ranger. During the episode, John argues that digital transformation is affecting programs at all stages of their lifecycle. For example, the UH-60 Blackhawks are using "digital twins" to improve upgrades and maintenance. The newer CH-53K Super Stallions are integrating digital manufacturing processes, such as digitizing the work instructions on the wrenches to the individual torque specifications for all 11,800 parts. Then you have the Future Vertical Lift program which will start with an unbroken digital thread from the development process. Digital transformation matters because it accelerates modernization of the force more generally, and because it enables new business practices. Software is abstracting a lot of hardware or assets that companies and people used to buy, own, and operate themselves. These products are becoming services that can be bought on demand. Server farms are abstracting to the cloud, vehicles are abstracting to Uber, your DVD set is abstracting into streaming services. Dynamic allocation of resources still requires strategic planning and direction to make sure that important capabilities are available and missions accomplished. This is one of the priorities for John. He finds that strategic direction, such as through the Defense Planning Guidance, is lacking in its ability to affect the services' program build. This podcast was produced by Eric Lofgren. You can follow me on Twitter @AcqTalk and find more information at https://AcquisitionTalk.com…
Eric Lofgren and Matt MacGregor chat about the week's newsworthy headlines the world of military acquisition. This podcast was produced by Eric Lofgren. You can follow me on Twitter @AcqTalk and find more information at https://AcquisitionTalk.com
Eric Lofgren and Matt MacGregor chat about the week's newsworthy headlines the world of military acquisition. This podcast was produced by Eric Lofgren. You can follow me on Twitter @AcqTalk and find more information at https://AcquisitionTalk.com
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1 Risk taking, commercial tech, and the ARCI program with Bill Johnson 1:38:51
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I was pleased to have Bill Johnson on the Acquisition Talk podcast to talk about how he helped bring commercial technology, open architecture, and continuous delivery to the sonar community in the 1990s with the Acoustic Rapid COTS Insertion (ARCI) program. Bill was the deputy program manger and pioneered many of the techniques DoD is still trying to go after today, and the results speak for themselves. ARCI achieved a 60-fold decrease in real processing cost, a seven-fold increase in sensor performance, and reduced false alarms by 40 percent. Bill explained that after the Cold War, the RDT&E budget fell by 70 percent for undersea sonar systems. Around the same time, John Walker sold information to the Russians about how the United States detected and classified enemy submarines. Suddenly, their submarines became very quite. Acoustic superiority became a national security imperative. The typical reaction for the defense acquisition system is to demand more money to solve the problem. The general manager of the prime contractor at the time IBM, which later merged into Lockheed Martin, told Bill that they’ve “got deep pockets.” The contractor could keep R&D going while the program office searched for more money. “Hey, we’re part of this problem,” Bill recalled thinking. “We had to leverage the commercial side.” I’d like to thank Bill Johnson for joining me on the Acquisition Talk podcast. There’s a ton more information on ARCI and the case study details of what made it an acquisition success. Important papers and other resources are at the acquisition talk website. Be sure to check them out! This podcast was produced by Eric Lofgren. You can follow me on Twitter @AcqTalk and find more information at https://AcquisitionTalk.com…
Eric Lofgren and Matt MacGregor chat about the week's newsworthy headlines the world of military acquisition. This podcast was produced by Eric Lofgren. You can follow me on Twitter @AcqTalk and find more information at https://AcquisitionTalk.com
NatSec News: June 22, 2022 by Eric Lofgren
I was pleased to have Amanda Bresler and Alex Bresler back on the podcast to discuss their newest Naval Postgraduate School symposium paper on the composition of small businesses in the defense industry. Amanda is the Chief Strategy Officer at PW Communications, and Alex is the Chief Data Officer. They found that small business funding grew 68 percent between 2015 to 2021, but at the same time the total number of small businesses shrank 23 percent. That can only mean the small business players are, on average, getting bigger. Indeed, the number of small businesses receiving more than $100 million per year in defense prime contracts grew three-fold over those six years (from 26 to 84). By comparison, the number of small businesses with less than $1 million fell 32 percent (from 34,205 to 23,337). This podcast was produced by Eric Lofgren. You can follow me on Twitter @AcqTalk and find more information at https://AcquisitionTalk.com…
Eric Lofgren and Matt MacGregor chat about the week's newsworthy headlines the world of military acquisition. This podcast was produced by Eric Lofgren. You can follow me on Twitter @AcqTalk and find more information at https://AcquisitionTalk.com
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Acquisition Talk

1 NatSec News: June 7, 2022 1:06:52
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Eric Lofgren and Matt MacGregor chat about the week's newsworthy headlines the world of military acquisition. This podcast was produced by Eric Lofgren. You can follow me on Twitter @AcqTalk and find more information at https://AcquisitionTalk.com
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Acquisition Talk

1 New approaches to intellectual property with Babak Siavoshy 1:11:10
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Babak Siavoshy joined me on the Acquisition Talk podcast to discuss opportunities for improving intellectual property and software data rights practices in defense contracts. He is Vice President and General Counsel of Anduril Industries, and has recently written an excellent article on one of the least understood aspects of the acquisition world. Babak extends the argument that software is “eating the world,” or comprising an increasingly larger share of the value being generated by firms today. Even for the physical products Anduril is developing like UAVs, sensor towers, drone interceptors, and submarines, the software backbone is what makes them game changing. Government, however, has struggled to value software and compensate for private investment. These issues show up in its templatized data rights practices. This podcast was produced by Eric Lofgren. You can follow me on Twitter @AcqTalk and find more information at https://AcquisitionTalk.com…
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