Articles tagged with Business
A new study by Giada Di Stefano found that the Michelin Guide's arrival triggers changes in fine dining industry competitive dynamics. Restaurants modify their descriptions and pricing to signal awareness of value created for customers, with those already highly ranked emphasizing authenticity and exclusivity.
A new study at Tel Aviv University's Coller School of Management found that employees who use pictures and emojis are perceived as less powerful than those who use words. In various experiments, respondents attributed more power to verbal messages and rated those with visual profiles as less capable.
Researchers develop an integrative framework capturing the fundamental aspects of creative strategy, finding experiential content produces highest performance increase. Marketers should leverage synergies between content and execution by focusing on one specific dimension and varying composition over time.
A study by Concordia researchers found that women are disproportionately affected by job losses and automation due to COVID-19. The authors argue that companies must prioritize inclusivity measures to avoid reversing progress made towards gender equality in the workplace.
A new study by Cornell University researchers found that working during non-traditional hours can decrease intrinsic motivation for schoolwork and work. Intrinsic motivation refers to the enjoyment and interest one feels in their work or activities. The study involved three experiments, including one with college students who were remi...
A new study found that a higher minimum wage was associated with fewer people defaulting on their rent payments, particularly among those at the lower end of the housing expense market. However, landlords responded by increasing rent payments, offsetting some but not all of the increased income.
A new study from Washington State University finds that people with a strong desire to travel are more likely to get vaccinated against COVID-19. The research also reveals that emotional appeals and loss-based messaging can be effective in changing vaccine intentions.
The study found that exposure to dogs makes consumers more promotion-focused, while exposure to cats makes them more cautious. This effect persists even in pet-unrelated domains, influencing decision-making and judgment.
A new study explores how to reduce bad behavior at work by focusing on moral self-efficacy, a set of beliefs that individuals have about their capabilities to self-reflect and regulate moral behavior. The results show that highly morally efficacious individuals are more likely to bounce back after a failure and learn from their mistakes.
A recent study by Bayes Business School suggests that accounting firms are better equipped to deliver fair target valuations on mergers and acquisitions compared to investment banks. The research highlights the importance of auditing expertise in determining a company's true value.
Cambridge University researchers are tackling major environmental challenges in the UK's 'vegetable garden', the Fens, through a £10 million project. The team is working with farmers, landowners, and conservation groups to develop whole system solutions for climate change, extinction, and pollution threats.
The nTIDE January 2022 COVID Update reports a rise in furloughs and job seekers among people with and without disabilities. This trend reflects the impact of the omicron variant on the labor market.
Researchers found that consumers scrutinize social distance in negative reviews to protect their identities and brands. Displaying reviewers' profiles can highlight social distance and consistency, protecting and benefiting identity-relevant brands after negative reviews. This strategy helps managers cultivate strong brand relationships.
A study published in The Journal of Finance and Data Science found that using machine learning to estimate reward and risk improves portfolio performance. Machine learning helps provide accurate estimates by taking advantage of complex non-linear relationships between market variables, outperforming linear methods.
A new study found that businesses run by minorities, women, and veterans were more likely to experience negative effects from the pandemic than non-HUGO businesses. The researchers analyzed responses from over 1,350 businesses and found that demographic factors played a significant role in determining a business's resilience during the...
Researchers found that consumers respond better to AI agents when a product offer is worse than expected, but more favorably to human agents when an offer is better than expected. Designing AI agents to appear more humanlike can change consumer response.
Researchers from Universidad Carlos III de Madrid developed an open-source development kit (PDK) to create solutions for businesses using personal data. The tool allows companies to exploit user data in a respectful way, promoting individual control over their data.
A Cornell University study found that a high self-concept of professionalism can lead to greater acceptance of conflicts of interest and bias. Managers with a deep understanding of the concept are more likely to remain objective and ethical.
A study published in Applied Economics analyzed the relationship between precious metal commodities and equity markets, revealing that gold and aluminum are the most desirable metals for investment. The research also found that copper and zinc have the largest spillovers on global equity indices.
A recent study published in the Journal of Marketing found that decentralized onboarding programs can develop salespeople into higher performers by fostering a more innovative and adaptive approach. This approach is particularly beneficial for salespeople who require a greater degree of creativity and adaptability to succeed.
A study by Cornell University researchers found that white men who have faced disadvantages at work, particularly those related to social identities such as disability or sexual orientation, are more likely to acknowledge their own racial privileges and empathize with the experiences of other groups. The research involved 5,124 white m...
A £5.6m joint investment will drive cutting-edge research into smart homes, connected devices, remote monitoring, and health models for older adults to live independently. The deal aims to create new jobs, skills, and tech start-ups in the region.
The cryptocurrency market is maturing, with cryptocurrencies showing correlations with traditional markets, including the US stock market and commodity markets. This suggests that the market is becoming more like a commodity market, similar to gold or silver.
A new framework, known as the Character Lens perspective, has been developed to account for patterns in individuals' understanding of and approach to ethical choices. This framework acknowledges the significant role of moral character in influencing how people perceive the world and make decisions.
The latest nTIDE COVID Update reports lower unemployment rates for people with disabilities, following a positive trend for four consecutive months. The early impact of the omicron variant is seen in small rises in furloughs, but experts predict continued improvement as businesses adapt to the pandemic.
The University of Bath's Centre for Smart Warehousing and Logistics Systems is developing algorithmic expertise, while Logidot will further enhance IoT tracking technology to optimize warehouse operations. The project aims to address rising demands for fast deliveries, improve supply chain efficiency, and reduce costs.
Research suggests men are more likely to engage in deviant behavior such as lying or cheating when their gender status is threatened at work. In contrast, women's responses to gender threats do not affect their perceived ability to behave autonomously.
Investments in employee training decrease reliance on layoffs during pandemic-induced financial pressures. Banks with higher levels of training made more cuts to expenses in other areas, reducing workforce reductions. Employee training offers stronger job protection when paired with investments in physical capital and technologies.
A Washington State University study found that people's attitudes toward virtual meetings depend on their public self-consciousness. Those low in this trait tend to have more positive attitudes when their own faces are visible, while highly self-conscious individuals experience worse attitudes.
A recent study by Cornell University researchers found that asking in person for help yields the highest response rate of a yes, surpassing video calls and emails. To achieve this optimal outcome, it's recommended to ditch email, text, and opt for video or phone calls instead.
A NTU study found that entrepreneurs quickly build trust in work-related situations and adapt to dishonesty. They also recover more easily from losing trust, making them valuable assets for organisations in negotiation and trust-building roles.
A study analyzing major US electric utility pledges suggests that if implemented, these reductions could lower power sector emissions by 30% by 2050. However, about one-seventh of the pledged cuts are redundant and would be required under existing state regulations.
Researchers found that global leaders with a rational, problem-solving approach had fewer country-wide infections, while charismatic leaders were associated with higher infection rates. The study suggests that leadership style can significantly impact public health outcomes during crises.
A £750k project will help businesses recover from the pandemic through workshops and local grants. The University of Huddersfield is partnering with Spectrum People and Wakefield Council to support economic recovery and mental health.
Researchers propose a new model for electricity trade that balances economic interests and considers the stability of economic ties. The model suggests ways to improve cooperation between nations and prioritize transit country interests.
A Penn State study found that live-streaming ads for alcohol, energy drinks, and junk food significantly increased during the pandemic, targeting young viewers. The researchers discovered that energy drinks made up nearly 80% of marketing, while ads for restaurants and soda were also prevalent.
Research finds lockdowns led to significant reductions in non-COVID mortality, with a decrease of 12.5% after loosening measures, resulting in the prevention of 293,000 deaths. Improved air quality and increased sanitizing surfaces also contributed to fewer deaths from infectious diseases.
Researchers found that standard shopping carts, which activate triceps muscles, may constrain buying and result in missed sales. In contrast, alternative cart designs with parallel handles activate biceps muscles, leading to increased purchasing and spending.
New research from UniSA finds that confusion, lack of knowledge and disinterest are hindering businesses' progress in addressing modern slavery. The study provides a framework to help companies improve their approaches, but warns that without effective measures, global efforts to stop modern slavery will be unlikely to succeed.
A new study from the University of Sheffield found that city centres will lose £3 billion in annual spending as people work from home more frequently, affecting the hospitality and retail industries. The shift towards working from home is expected to be permanent, with significant consequences for businesses in suburban areas.
A study by HSE University economists found that LEGO sets have a significant price growth rate on the secondary market, outperforming traditional investments. The authors analyzed 2,322 sets from 1987 to 2015 and discovered prices of rare sets can increase by up to +600% annually.
A new study identifies customers' political ideology as a driver of satisfaction, finding that conservatives are consistently more satisfied than liberals. Companies can use this insight to tailor their products and services to boost customer satisfaction and drive sales.
A new study reveals that mother bats teach their pups to navigate by carrying and dropping them off at specific trees, allowing the pup to learn through repetition. The study found that pups gradually expand their navigation circles, learning to fly independently and finding food sources on their own.
Researchers develop a methodological framework to extract and monitor information from consumer reviews, providing actionable insights on product attributes and their benefits. The study also extends sentiment analysis by demonstrating hierarchical sentiment analysis, enabling managers to generate tailored dashboards and inform decisions.
A recent study published in the Journal of Marketing found that brand-to-brand praise can lead to increased consumer engagement and sales for the praiser. The research suggests that this approach is particularly effective for brands that are not traditionally seen as warm or caring, such as for-profit brands.
A new study found that employee engagement with health and wellbeing programmes is associated with better co-worker relationships, reduced bullying, and improved job satisfaction. The research suggests that even senior managers' commitment to these initiatives has a positive impact on employees' social relationships.
The study identifies two central processes shaping brand flagship platforms: consumer crowdsourcing and crowdsending. Brands can tailor the degree of consumer involvement, leading to four different states of consumer-platform relationships. The platformization of brands requires fundamental changes to established notions.
A study by Martin Luther University Halle-Wittenberg reveals that mid-sized collaborations are crucial for companies to become gatekeepers in Germany's business network. These collaborations lead to improved innovation and profits. Large companies dominate the gatekeeper position, but smaller collaborations can also be beneficial.
A recent study by Indiana University Kelley School of Business reveals that students who choose low-cost, low-return colleges are more likely to default on their student loans and experience a higher chance of bankruptcy after graduation. In contrast, high-cost, high-return colleges result in lower lifetime income but also fewer defaults.
Researchers from academia and industry will converge at Lehigh University to discuss innovative solutions for optimizing efficiency and resiliency in the global supply chain. The workshop aims to leverage machine learning for prescriptive analytics, enabling proactive optimization of supply chain operations.
Research from Binghamton University found that people prefer friendly and trustworthy teammates over those with exceptional skills. This prioritization is reflected in the way students signal their human and social capital to others on teams.
Participants preferred policies that used incentives to encourage eco-friendly choices, particularly when they targeted businesses. In contrast, policies that focused on energy alternatives and used incentives were also supported. The researchers found that policy support was influenced by the type of change targeted, who was targeted,...
A new study found that a UK government subsidy aimed at boosting restaurant sales during the pandemic accelerated a second wave of COVID-19 infections. The 'Eat-Out-To-Help-Out' scheme subsidized meals by up to 50% and saw a significant increase in restaurant visits, particularly on weekdays.
Using data from over 353 million unique observations, researchers found that companies with structured management practices attracted top-flight managers and were able to keep talented workers. This suggests that better-managed firms are growing in terms of employment, and that these firms can influence the entire labor market.
A study published in the Atlantic Journal of Communication analyzed Instagram posts from 20 celebrity influencers about COVID-19 between March and May 2020. The researchers found that celebrities initially modeled guidance from health experts, normalizing suggested behaviors such as staying home and practicing hand hygiene.
A recent study found that food safety crises at smaller restaurant chains have a significant impact on consumer behavior, causing people to be hesitant to visit other restaurants even if they were not directly involved. The negative spillover effect was greater from the bottom up, with small chain crises hurting big-name brands more.
A market segmentation approach can improve vaccination campaigns by tailoring the message to specific groups. The study found that those who don't trust the government are more likely to avoid vaccines, and a non-traditional messaging strategy may be more effective.
Researchers at Carnegie Mellon University found that agencies can extract more rent from a winning bidder when negotiating contract terms, reducing the benefits of drawing additional bidders. The study suggests allowing agencies some discretion to use their knowledge of the supply side can reduce procurement costs.
Researchers found that tweets with negative valence and consumer orientation generate permanent price impacts, while those with positive valence and competitor orientation increase temporary price impacts. Firms can design social media content to improve firm value by incorporating attributes such as valence and subject matter.
A new study aggregates evidence from experiments on performance incentives globally, finding that men and women respond similarly to rewards for achieving performance objectives. The study suggests that performance pay boosts productivity for both genders across various contexts and program designs.