National journalist brings the power of Great Groups to USD

Former USD student, Paul Glader, director of the McCandlish Phillips Journalism Institute and former writer at the Wall Street Journal gave a speech on Great Groups and their effect on the world at large Tuesday night.

Glader focused on the power of groups of creative individuals.

When these groups get together, they can often find success in the companies they run, he said. Glader proved this by showing the top five companies by market cap every five years.  All five in 2016 are tech corporations.  In 2011 and before, Microsoft and Apple switched on and off as one tech company out of the five.

“Most ‘great groups’ have leaders, but they can’t micromanage,” Glader said. “Leaders should find talent to add to the group and push them in the right direction.”

Great groups exist all around the world, but many come from the United States.  Silicon Valley is a booming area of success for start-up companies, Glader said.
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He also said that many of those who form these great groups meet in college, where they collaborate on class projects.

One great group example Paul Glader gave was PayPal.  PayPal was founded by Peter Thiel and Elon Musk.

After Ebay acquired PayPal in 2002, the group splintered and each ran their own great multi-billion dollar companies.  Musk went on to SpaceX and Thiel invested in Facebook in 2004.

Glader said areas such as South Dakota are great for Great Groups.  Farmers are very individualized, yet when catastrophe hits, farmers band together to find the solution to the problem, he said.

We can’t force Great Groups to come together; they’re spontaneous, Glader said.  When they do come together, they’re magical.