Articles tagged with Business
Researchers found that disordered thrift shop displays can enhance perceptions of hidden treasure, but risk perceptions outweigh this effect, leading to a net negative impact on purchase likelihood. High inventory knowledge by sellers mitigates these risks, increasing perceptions of curated products and consumer trust.
A UBC study found that employee layoffs have a strong impact on voluntary turnover among remaining employees, especially when high performers are let go without clear justification. The research suggests that organizations should prioritize clear communication and compassionate decision-making to avoid destabilizing their workforce.
A Bentley University study shows that the National Institutes of Health (NIH) invests similarly to the pharmaceutical industry in bringing new drugs to market. The NIH spent $187 billion on research related to FDA-approved drugs between 2010-2019, with an average investment per approved drug of $1.7 billion.
Research finds that using unconventional spellings can lead to decreased consumer trust and loyalty, but may have positive effects in contexts where consumers seek a memorable experience. The study suggests caution for firms launching new brands with unusual spellings.
A study of working men in Japan, Taiwan, and South Korea found that alcohol-tolerant individuals do not earn more than their intolerant colleagues. Despite the cultural pressure to drink, better social drinkers did not experience a wage premium in terms of working hours or earnings.
Computational heuristics like Grey Wolf Optimizer and Whale Optimization Algorithm offer fast solutions to complex supply chain problems, providing accurate results within a shorter time frame. The research suggests these tools can be a valuable addition to supply chain management, especially in responding to unexpected disruptions.
The study measures digital transformation of Chinese commercial banks using an index system, finding a significant increase in digital transformation from 2010 to 2018. Digital transformation enhances profitability, bank efficiency, and reduces competitive pressure, enabling banks to gain a competitive advantage in the digital era.
The study reveals that no single practice is sufficient for great innovation performance. Best companies focus on radical innovation, are risk-takers, and employ long-term strategies. They also develop new products significantly faster than the Rest.
The University of Huddersfield is offering two bespoke apprenticeship programmes for health and social care leaders, tailored to their needs. The programmes will last 13 months and are fully funded by the Apprenticeship Levy.
A new study published in Strategic Management Journal found that organizations serving more difficult customer needs tend to defer investment, while those addressing easier problems accelerate adoption of the same technology. The researchers emphasized the importance of letting customers drive strategy around adopting a technology, reg...
A new study published in Global Strategy Journal highlights the importance of a physical presence in foreign markets for born digital firms. The research found that these firms are more likely to deploy foreign direct investment in far-away and culturally different countries to overcome geographical and cultural challenges.
New research finds that most corporations that face significant inflation risk have failed to disclose it, causing $0.9 trillion to $2.8 trillion in shareholder damages. Companies with high exposure to inflation risk have seen their share prices drop following inflation shocks.
New research suggests that disconnecting from work at home can boost a leader's energy and effectiveness the next day. Managers who ignored their work email at home felt more refreshed and were rated as effective leaders by their employees.
Researchers found that membership-based free shipping (MFS) can increase net customer revenue by up to 12.75%, as heavy buyers consolidate their spending after enrollment. Light buyers contribute the highest percentage change in revenue contribution, while heavy buyers may exploit free shipping benefits and lose money for retailers.
A new study calls for internet access to be declared a basic human right to address socio-economic disparities. In developing countries, internet access can determine education, healthcare, housing, and employment outcomes. The study advocates for free internet access and digital skills training to ensure equal opportunities.
A study of UAE firms found that gender-diverse senior management teams deliver value and innovation contributing to the United Nations' Sustainable Development Goals. This is attributed to their ability to respond effectively to changing economic environments.
Research shows that SEC challenges can influence how CEOs and CFOs communicate with investors and analysts in private meetings. A study found that the effectiveness of regulatory enforcement depends on perception of the SEC's ability to enforce regulations.
A new study examines how socialization impacts gender-based research in marketing, finding that most studies focus on differences between men and women, with few exploring social construction of gender experiences and identities. Researchers recommend more diverse and inclusive methods to reflect current gender expressions.
A recent study published in PLOS ONE found that academic institutions receive significantly lower royalty rates, total payments, and pre-commercial payments for biotechnology licenses compared to commercial firms. The disparities were observed even after accounting for differences in product stage development.
Researchers found that syntactic surprise, a measure of unexpected word arrangement, significantly improves marketing message efficacy. The optimal level of syntactic surprise falls within the middle range, with messages being most effective at a medium level.
A new study by Florida Atlantic University suggests that monetary policy can impact pollution, with domestic effects being more significant than international spillovers. The research found that changes in the US Fed's interest rates can reduce CO2 emissions in the short run, but not necessarily in the long run.
The unemployment rate for persons with disabilities in the US is more than double that of those without a disability, particularly youth. New research highlights the importance of community and business awareness of vocational services to increase work participation and quality of life.
A new study by the University of East Anglia found that large infrastructure projects can create lasting local impact when they offer place-based micro-enterprise training and employment support. The project, INCREASE VS, has helped over 4,500 participants start their own businesses and access work and education opportunities.
Researchers found that marketing diet or sugar-free versions does not increase overall turnover, but reducing package size leads to an increase in sales figures. Smaller packages also work better when marketed as a fun alternative.
A new study found that acquisitions in the biopharmaceutical industry can disrupt trust and knowledge exchange routines between companies, leading to a higher risk of alliance termination. The odds of termination for exposed alliances are 11% greater than for unexposed ones.
Research using artificial intelligence analyzed nearly 400,000 customer reviews to identify key themes and customer sentiment towards airlines. The study found that customers commonly complained about lost luggage, uncomfortable seating and flight cancellations, but praised in-flight entertainment, ground staff and business-class servi...
A new study found that working for a big company or in an HR role does not lower the likelihood of showing unconscious bias against disabled people at work. Despite large firms' efforts to address EDI and unconscious bias through training, levels of implicit bias remain roughly the same across different sized companies.
A new study found that managers target loyal workers for exploitative practices, such as unpaid work and extra job tasks. The study suggests that loyalty can lead to a vicious cycle where loyal workers are more likely to be exploited and then become even more loyal, making them more susceptible to exploitation in the future.
Professor Liyan Yang, a leading expert in financial markets and institutions, has been awarded the Bank of Canada's prestigious Fellowship Award. The award recognizes his groundbreaking research on investor interactions and its impact on regulatory policy and economic welfare.
A new study by the University of East Anglia reveals the struggles faced by trans and non-binary employees in the workplace, including stigma, harassment, and lack of inclusivity. The research emphasizes the need to challenge binary gender norms to create a more welcoming environment.
Researchers examine how sugar reduction strategies affect new product sales, finding that smaller package sizes perform better than regular sizes. Sugar reductions work better if they do not overemphasize the reduced sugar content in new additions.
Researchers developed a framework highlighting four facets of honest behavior: intellectual honesty, honest content, honest disclosure, and honest delivery. These elements are crucial for fostering accurate beliefs, understanding, and truthful communication.
Research by University of Missouri expert Naresh Khatri shows that companies with effective HR and IT departments thrive when allowing employees to work from home. Employees can complete collaborative tasks with similar quality and quantity, regardless of location.
Researchers find that fact-based appeals are more effective when the goal is near completion, while affect-based appeals match people's feelings-oriented psychological state and are better suited for shorter-term goals. The study advances understanding of persuasive messages in collective goals and provides key insights for marketers.
A new study found that consumers prefer conventional spelling over unconventional ones for brand names. In various studies, participants showed less positive responses to brands with misspelled names, perceiving them as less sincere and more gimmicky. Established brands may still benefit from non-standard spellings in certain contexts.
New research reveals that gender targets in the Australian public service do not lead to expected improvements in gender equity for women in leadership. The study suggests that effective policies, such as having at least two women on shortlists and leadership training, are crucial to increasing female representation in senior roles.
Researchers analyzed 140,000 patient records and TV ads from Florida to investigate the effectiveness of DTCA for robotics surgery. The study found that patients exposed to robotic surgery advertising were more likely to choose it over conventional laparoscopic and open surgeries. Additionally, hospital marketers can use DTCA to sway p...
A team of researchers from Rensselaer Polytechnic Institute has developed a system to optimize TV ad scheduling, resulting in a 3-5% revenue increase for networks. The model combines mathematical programming and machine learning to assign ads to specific breaks and positions.
A new study by Cornell University found that customers who use one-click checkout spend more on average, visiting the site 7% more often and buying a wider range of merchandise. One-click buyers also spent more time on the site per visit.
A new study by WVU economist Zachary Porreca found that gentrification can displace organized criminal activity, leading to a surge in gun violence in nearby neighborhoods. The study analyzed data on shootings and real estate across Philadelphia neighborhoods between 2011-2020.
Shuttle Revolution, a 2.5D badminton fighting game developed by Head Empty Studios, has won the top prize in the Tranzfuser competition. The team plans to continue developing the game with paid content and explore careers as indie devs.
Consumer financial vulnerability (CFV) is a risk of experiencing future harm given current access to financial resources and future uncertainty. Most consumers across the socioeconomic spectrum experience varying degrees of CFV at different life stages, due to factors like age, economic cycles, and unforeseen crises.
A study of 592 firms found that climate change initiatives positively impact market value, while also increasing greenhouse gas emissions. The presence of a board sustainability committee was associated with higher emissions, suggesting a 'greenwashing' effect.
A Carnegie Mellon University professor proposes a new AI model that highlights the evidence of fairness in decision-making. The model provides counterfactual explanations to demonstrate whether past decisions were fair or biased. This research has practical implications for legislative efforts, industry norms, and AI model evaluation.
Researchers developed a structured approach to close gender pay gaps by analyzing pay drivers and allocating raises to underpaid women. This method improved pay equity in dozens of businesses worldwide, including those with up to 130,000 employees.
HemaChrome, a digital health startup, has won phase 1 of the National Institutes of Health's RADx Tech for Maternal Health Challenge. The company uses smartphone technology to noninvasively measure blood hemoglobin levels, making them accessible and affordable for nearly everyone.
A growing use of blockchain in global supply chains creates a 'regulatory gap' for resolving disputes, according to new research. The study suggests that firms using blockchain feel left to their own devices when solving disagreements and conflicts, highlighting the need for appropriate mechanisms.
Researchers explore the 'what to sell' question in companies, finding three primary drivers: technology market, firm capabilities, and marketing capabilities. This decision comes before the 'how to sell' question, influencing costs and revenue models.
Research by Julian Givi and colleagues found that givers tend to avoid digital gift cards due to concerns about violating social norms. However, recipients prefer digital gift cards for their ease of use and lower risk of loss. The study suggests that retailers can promote digital gift cards through occasion-based promotions.
Research finds that older workers who are motivated to grow and develop at work, as well as those in organizations that encourage learning, are more likely to stay. An age-inclusive environment also aids in retention by mitigating age stereotypes and removing barriers for training participation.
Researchers tested three common techniques to make algorithms fairer and found that one approach didn't reduce social norm bias at all. They proposed a new technique: a formula to directly measure social norm bias in an algorithm so it can be corrected. This bias can persist even after overt discrimination is removed.
A Washington State University-led research team created a product allocation model that leverages past customer transactions to provide brick-and-mortar stores with personalized shopping experiences. The model identifies profitable products, item associations, and past-aisle impulse to determine ideal product placement and optimize sto...
Researchers found that consumers are less likely to like, trust and buy a product after a change in branding intended to address racism. Despite being informed of the intention, consumers still exhibit negative reactions to the rebranding.
A new study examines how customer participation in subscription box services translates into outcomes that benefit companies. The researchers found that customers who provided feedback before or after receiving their box were more likely to make future purchases, with a 14% increase in revenue for those who participated before and an 5...
Research finds speaking up to competent managers leads to a 12%-15% increase in sales performance, while speaking sideways to peers decreases performance by 10%. Employees should critically assess who they direct their voice to when proposing changes.
A study found that communities experiencing sudden and significant job losses in manufacturing are less likely to engage in sustainability planning and meet sustainability-related goals. This is attributed to deep-rooted connections between industry and community identity, making it difficult for these communities to transition.
Research from Cornell University finds that replacement work-from-home (working during regular hours) boosts psychological well-being and engagement, while extension work-from-home (working outside of regular hours) leads to lower well-being, higher turnover intentions, and conflict between work and family. Women are particularly affec...
A new study suggests that Thai confectioners can gain a competitive advantage by using their country's local heritage and culture. The research found that youngsters in Thailand still enjoy local confectionary as well as Western brands, but local products have strong emotional value to them.
Plant-based protein products are generally reported positively in UK newspapers, but issues such as high processing levels and environmental footprints of protein crops dominate the narrative. The study suggests that big business involvement is also a significant concern.
A study by Hannes Wagner finds that governance mechanisms aligning investors' and directors' interests improve environmental performance. The study also shows a positive relation between the appointment of female directors and environmental performance.