Articles tagged with Business
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.
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.
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 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.
A new study from the University of Illinois evaluates fintech systems in 16 emerging markets, finding that digital technologies improve access to financial services. However, vulnerable populations face barriers to usage due to digital literacy, cost, and limited consumer protections.
A Cornell University study finds that noncompete agreements disproportionately affect women entrepreneurs, blocking them from starting high-growth companies. The 'fear factor' associated with noncompetes also limits the ability of women to hire experienced employees, making entrepreneurial ventures riskier.
Researchers found that emotional expressions of anger in negative reviews influence consumer attitudes and choices, counterintuitively increasing the negative impact. Online retailers and review platforms should take angry reviews seriously and address them promptly to mitigate their effects.
A UCF study examines the link between 'coworker presenteeism' and mistreatment, finding that heavy workloads lead to self-interest and avoidance of sick colleagues. Managers are advised to encourage employees to stay home to recover quickly and protect their health.
A new study examines the effect of corporate social responsibility on consumers' actual purchase behavior, finding that corrective and compensating CSR actions boost sales, while cultivating CSR initiatives lead to slight drops. The study also reveals that sincere motives play a crucial role in consumer perception of CSR.
New research from University of Georgia suggests that the no-makeup movement isn't liberating women from cosmetics. Instead, cosmetic sales have increased alongside the rise of the no-makeup trend. The study found that people perceive 'natural' looks with makeup as more attractive than those without.
A study published in the Journal of Marketing found that complimenting a competitor can increase a brand's reputation and sales, particularly among skeptical consumers. The tactic is most effective when done strategically and authentically, signaling a brand's warmth and trustworthiness.
A new study from Cornell University's ILR School found that people overestimate how quickly senders expect responses to non-urgent work emails, leading to increased stress. By clearly defining response expectations, senders can alleviate this 'email urgency bias' and create a more manageable inbox.
A study by Youssef Benzarti and Jarkko Harju found that regional payroll tax cuts in Finland reduced negative effects of the Great Recession on employment, particularly among men and low-skilled employees. The cuts also relaxed liquidity constraints for firms, making them more resilient during downturns.
The August nTIDE COVID Update reports a decline in unemployment for people with disabilities, attributed to increased employment and labor participation rates. However, the overall job market remains unstable, with chronically high unemployment compared to pre-pandemic levels.
The University of Huddersfield's AI Skills Bootcamp will provide learners with personalized learning and employment plans, alongside Artificial Intelligence and transferable skills. The 16-week program aims to support learners from across the UK in developing independent skills and addressing current barriers to digital skills employment.
A study by University of Texas at Dallas researcher Dr. Sheen S. Levine found that white Americans are prone to making poor decisions when they ignore their Black peers. When given the opportunity to witness Black peers' accomplishments, however, the racial attention deficit subsides, suggesting a remedy for diversity efforts.
Researchers found that aging workforces, characterized by a higher ratio of workers 56 and older to those ages 21-55, are associated with increased robot deployment in 60 countries. This study suggests that automation adoption is partly driven by labor shortages, particularly middle-aged labor needed for blue-collar work.
Research reveals that salespeople conduct rational benefit–cost analyses when deciding which opportunity to pursue. They also use a calibration decision-making strategy for solution selling, which can lead to serious under- or overestimation of conversion rates. The findings highlight the importance of managing salespeople's avoidance ...
A study by researchers at Mainz University found that digital presence of service employees improves customer loyalty. The study, published in the Journal of Marketing Research, showed that customers perceive websites with images or videos of service employees as more attractive and memorable, leading to increased customer loyalty.
A new study by Xi'an Jiaotong-Liverpool University found that cultural context greatly affects the likelihood of unhappy employees becoming entrepreneurs. Countries with low uncertainty avoidance and high social acceptance of entrepreneurship have a stronger link between job satisfaction and entrepreneurial intent. In contrast, countri...
A new study of 61,000 Microsoft employees found that working from home causes workers to become more siloed in how they communicate, engage in fewer real-time conversations, and spend fewer hours in meetings. The study's findings suggest that a full-time remote workforce may have a harder time acquiring and sharing new information.
A study by Binghamton University found that companies that express remorse in the wake of a product failure are more likely to encourage customers to repurchase from them. The researchers also discovered that remorseful statements can help stave off retaliatory actions such as lawsuits by framing messages that match consumers' natural ...
A new study from the University of Georgia suggests that eliminating physical currency could benefit average Americans as long as certain taxes are lowered too. The research finds that reducing cash transactions would lead to lower tax evasion, allowing governments to reduce other taxes and boost overall well-being.
A Simon Fraser University study reveals that workers who use mobile technology to actively connect with colleagues experience higher levels of communication effectiveness and better work performance. However, these same technologies can also impair performance due to interruptions. The study highlights the importance of finding a balan...
Researchers provide generalized communication principles for successful bid writing in the gig economy, including moderate call length, task information focus, and concreteness. By managing uncertainty through bids, freelancers can increase their chances of winning gigs and achieving price premiums.
Moving experienced engineers between units reduces costs by 4.2% and $12.2 million, making it an effective way to promote learning and diffuse best practices
Co-authors James Salzman, Andrew Plantinga, and Christopher Costello propose changing the 'use it or lose it' stipulation in public resource laws. This would allow non-extractive interests to compete with traditional extractive interests in bidding for licenses and permits, potentially increasing biodiversity and ecosystem services.
Researchers found a positive link between online influence and geographical proximity, with followers more likely to heed an influencer's recommendation when they live closer. This study suggests that local influencers may have a leg up in the influence game due to their proximal connections.
A new study by Abhi Bhattacharya, Neil Morgan, and Lopo Rego finds that most of the variance in the market share-profit relationship is explained by market power and quality signaling mechanisms. The researchers also identify conditions under which market share can be negatively related to firm profits, such as niche strategy firms and...
A new study from the University of South Australia reveals that Australian firms with large gender pay gaps are not only perpetuating inequality but also harming their overall performance. The research found that women executives in top management teams can lower a firm's annual return on assets by 2.2%.
A recent study found that rewarding costly skepticism in auditors may not be effective and can even lead to a decrease in red flag investigation. Instead, supporting skepticism from supervisors and promoting a culture of investigative mindset can encourage auditors to identify and pursue potential problems.
Researchers studied 13 social enterprises in Munich after refugee arrival, finding two types of founders: idealistic and self-interested. Idealists prioritized rapid support, while self-interested ones focused on long-term business success with flexible organizational structures.
A new survey by University of Colorado Denver researchers found large disparities in virtual care models across US health systems. Smaller and low-burdened health systems adopted analytics and customer-oriented digital technologies, while larger and higher-revenue systems used futuristic and growth-oriented digital technologies.