A Stark Failure

The transcript discusses the speaker's formative experience as a management consultant, highlighting the challenges faced in predicting market trends. This experience motivated the speaker to study social science to better understand corporations and the marketplace. The speaker describes a project involving a macro trend study for a mutual fund company in Japan, which resulted in inaccurate predictions, emphasizing the complexity of solving social problems and the difficulty of predictive work.

What motivated the speaker to return to university for further studies?

• A need to improve technical skills

• A passion for teaching

• An inability to predict market trends

• A desire to change careers

How does the speaker describe the role of business in relation to social science?

• As unrelated to intellectual frameworks

• As a form of social science

• As a subset of economics

• As a completely separate field

What was the main goal of the speaker's project for the mutual fund company in Japan?

• To invest in new markets

• To predict future trends in the Japanese market

• To develop new financial products

• To expand the company's global presence

What was the outcome of the predictions made in the macro trend study?

• All predictions were incorrect

• Some predictions were correct

• Most predictions were accurate

• All predictions were accurate

What was one accurate observation made during the study?

• The Japanese technology sector was declining

• The Japanese market was stable

• The Japanese population was aging

• The Japanese economy was growing