Articles tagged with Business
A new study outlines essential elements for successful refillable packaging, including affordability without sacrificing quality. Consumer surveys revealed that environmentally-friendly concerns drive usage, while businesses see it as a way to demonstrate responsibility and reduce costs.
A new study finds that consumers evaluate products differently based on the timing of their purchase. When considering future use, desirability is a primary factor, while feasibility takes precedence for immediate use. Reevaluating a product later can also influence judgments, with future-considered products being viewed more favorably.
Canada's persistent weakness in productivity growth is attributed to business strategy choices, including inadequate investment in information and communications technologies. The report highlights the need for Canadian businesses to adopt more innovative strategies to serve customers effectively.
A novel injectable, OCR-002, directly reduces blood levels of ammonia, a toxic chemical building up during acute hepatic encephalopathy attacks. Clinical trials will begin in 2009 to develop the treatment for patients with advanced liver cirrhosis and acute liver failure.
Researchers at Stevens Institute of Technology have made significant breakthroughs in free-space optical communication by demonstrating a unique atmospheric effect called scavenging, which improves the system's performance in adverse weather conditions. The study shows that mid-infrared QCL systems can deliver up to 300% greater throug...
Researchers found that wishful bettors can contaminate beliefs throughout markets, causing investors with accurate beliefs to become overly optimistic about stock values. This contagion problem could contribute to market bubbles and other anomalies.
A new study published in the Journal of Personality and Social Psychology found consistently cooperative actors can shape group behavior, leading to increased productivity and economic efficiency. The findings challenge common assumptions about human cooperation in situations with short-term incentives.
A new study finds that power can cause individuals to think they have more personal control over outcomes than they actually do. Researchers discovered that those in positions of power are more likely to believe they can influence events beyond their control, resulting in unrealistic optimism and inflated self-esteem.
The state of Maryland is uniquely positioned to support the nation's foreign language needs by tapping into its abundant pool of well-educated, bilingual speakers. The task force recommends harnessing the skills of first, second, and third-generation Americans to recruit teachers and translators.
Commercial weight-loss programs create unrealistic expectations and false beliefs, highlighting the need for regulation. Governments must require accreditation of providers and supply evidence-based information for claims.
Jeffrey Sachs, director of Columbia's Earth Institute, wins the 2009 Green Book Award for his book 'Common Wealth,' which proposes solutions to extreme poverty and related global problems. The award recognizes the book's practical value in addressing environmental issues.
A study by Bertini et al. found that consumers favorably perceive products with add-ons, particularly those improving existing features, while negative impressions of optional upgrades lead to more favorable ratings. Conversely, participants tend to like downgrades over no add-ons at all.
The NYHOPS system provided real-time information on water conditions, weather, and environmental factors to aid in the rescue of 150 passengers. This enabled officials to deploy rescue assets downstream and guide the plane to a safe location.
The Writing and Communications program at Stevens Institute of Technology will offer workshops to engineering students to improve their oral and written communication skills. The grant will also establish a Communications Prize for senior engineering design teams.
Several congressional proposals aim to cover the uninsured through expanded Medicare coverage, building on public programs and group purchase of private insurance. These plans demonstrate that universal coverage can be achieved with little or no additional total health spending.
Lucrezia Borgia, illegitimate daughter of Pope Alexander VI, defied conventions by running massive land development projects and accumulating vast wealth. Her business ventures, including draining marshy lands and cultivating grains, demonstrate a capitalist attitude and knowledge of contract terms.
A recent study in the Journal of Political Economy found that prejudice accounts for approximately one-quarter of the racial wage gap in the US. The study suggests that levels of prejudice among the least prejudiced have a strong influence on wage gaps, while levels among the most prejudiced have no effect.
The US received an overall 'D' grade on the first Premature Birth Report Card, with 18 states and Puerto Rico receiving failing grades. The report highlights contributing factors and prevention opportunities, including smoking and uninsured women of childbearing age.
A University of Missouri study finds that analysts' self-interests influence the value of street earnings, leading to upward bias in glamour stocks. This biases makes street earnings less useful for predicting future earnings of high-growth stocks.
Researchers Edgar de Graaf and Jeroen De Knijf analyzed patterns in web surfing behavior to reduce the number of results and improve efficiency in data mining. They developed methods to detect relevant patterns quickly and effectively within large quantities of semi-structured data.
A study published in Management Science found that distant participants make less accurate judgments when communicating via videoconferencing. Face-to-face meetings allow for more nuanced interpretation of nonverbal cues.
The UK economy is expected to contract in the second half of 2008, with a forecasted GDP decline of 0.9% in 2009 and consumer spending declining by 3.4%. The financial sector crisis will spread to the wider economy through credit rationing, caution among firms and consumers, and reduced equity prices.
Thomas L. Saaty, inventor of AHP, revolutionized decision-making with a breakthrough methodology that's widely used in business and government. His work has had a broad practical impact on operations research and related fields.
The March of Dimes has launched a national petition to reduce the rate of premature birth, which affects over 530,000 babies each year. The four-point petition calls for hospitals to review cesarean-section births and inductions before 39 weeks gestation to prevent early deliveries.
Researchers found that people with high narcissism tend to take control of leaderless groups and are viewed as leaders by others. However, once in power, narcissists do not perform any better than others, according to the study.
Researchers found that whites who try to be colorblind in conversations about race are more likely to be perceived as prejudiced by black people. This includes even children as young as 10, who adopt this approach despite it leading them to perform poorly on a basic cognitive test.
Dr. Marcia Angell warns against a US-style model of healthcare, highlighting inefficiencies and poorer outcomes compared to Canada's public system. She advocates for expanding and reinforcing Canada's medicare system to ensure better health outcomes.
The Commonwealth Fund report compares Senator McCain and Senator Obama's health reform proposals, revealing divergent approaches to expanding health insurance. While both plans aim to reduce the number of uninsured, their strategies differ: Senator Obama strengthens employer coverage and public programs, while Senator McCain encourages...
A study by Kansas State University researchers found that household surveys predict the inflation rate fairly accurately and as well as professional economists. Consumers participating in surveys are more likely to think about how much they spent at the grocery store that week.
Researchers developed a tool, Distribution Builder, to help investors understand their risk attitudes and make informed decisions. The tool estimates unacceptable risk levels using probability distributions, enabling users to construct better preferences.
A recent study found that individuals appearing underage and intoxicated can purchase alcohol at professional sports stadiums, with sales rates of 18% for pseudo-underage buyers and 74% for pseudo-intoxicated buyers. Location was a key factor, with sales in the stands being 2.9 times more likely than at concession booths.
A study by Yale researchers found that prediction markets are a strong tool for forecasting US presidential elections. The authors analyzed the 2004 election market and found that traders quickly assimilated new information as it unfolded over the campaign, indicating their ability to accurately predict outcomes.
Professors David Naumann and Stan Rosenberg from Stevens Institute of Technology introduced a new programming logic to leverage existing software tools and scale up large software systems in languages like Java and C#. Their work was funded by the National Science Foundation.
The Economic and Social Research Council (ESRC) has awarded four large grants to researchers addressing significant social and economic challenges. The grants will support investigations into business taxation, health inequalities, time use, and emotional regulation.
A recent study by LSU professor Matthew Lee found that civic participation and local stability are crucial in preventing violent crime in rural areas. Rural communities with high levels of home ownership, stable populations, and robust middle-class economies tend to have lower rates of violence.
Bioscience Hypotheses is a new journal focused on stimulating innovation through radical hypotheses. The journal aims to publish papers that deliver new insight into biology and provide testable conclusions.
Airport planners must adapt to low-cost airlines' requirements for smaller, cheaper terminals with flexible designs. Smaller airports have fewer ground and air traffic control delays than large ones.
The National Institutes of Health has awarded a $25 million Clinical and Translational Science Award to Indiana University School of Medicine. The grant will fund translational research activities at IU and Purdue universities, combining strengths in medicine, business, and government.
Computer fraud can result from incompetence, ignorance, negligence or deliberate misappropriation by employees, causing millions of dollars in damages. Educating managers on security issues can minimize opportunistic computer fraud, making them aware of social and technical issues that affect organizational structure.
A new Management Insights study by Enno Siemsen reveals that software designers intentionally create complex products to advance their careers. Companies are struggling to cope with increasing design complexity, and the study suggests moving compensation agreements towards short-term project success.
A new study by the University of Leicester found that overconfidence among businesspeople is a major reason for venture failures in the first few years. The research shows that individuals with absolute confidence in their abilities are more likely to enter markets with limited capacity, leading to excess entry and higher failure rates.
Researchers suggest adopting apoptosis to restructure businesses, eliminating malfunctioning processes. This approach can prevent commercial decay and protect organizations from demise.
A new study examines the impact of smoke-free laws on restaurant labor markets and finds a decline in turnover rates after implementation. The study supports existing evidence that smoke-free laws are positive for businesses, with no consistent pattern of increase or decrease over time.
Computer scientists have developed a solution called Pergamum, which uses hard disk drives to provide energy-efficient and cost-effective long-term data storage. The system is designed to be reliable, scalable, and adaptable, making it suitable for businesses and individuals looking to preserve digital data.
The US Department of Homeland Security has developed a wearable hood for emergency escape with 15-minute chemical protection. The EH-15 mask provides protection against chemicals and biologics, has a three-year shelf life, and highly efficient particulate filters.
Research at University of Cambridge reveals high morning testosterone levels increase City traders' profits for the rest of the day. Testosterone is found to boost confidence and appetite for risk, leading to a positive-feedback loop that can be detrimental if excessive.
A 14-year-old CEO has created a chemistry trading card game called Elementeo that teaches chemical elements and compounds through interactive gameplay. The game's unique mechanics aim to combine fun and learning, with the goal of reducing opponents' electrons to zero.
The Pacific Business Group on Health (PBGH) has endorsed the Patient Charter, a key step in ensuring reliable and fair healthcare decision-making. By promoting fair and accurate measurement, PBGH hopes to foster a healthcare system that rewards meaningful improvement and higher value.
Dr. Savitsky has been recognized for his significant contributions to high-speed vessel design through his research and papers. His pioneering work on hydrodynamic design methodology is still widely used today.
A UBC study and Harvard research found that spending money 'pro-socially' on gifts for others or charitable donations leads to greater reported happiness. The researchers used a nationally representative sample of Americans to test their theory that how people spend their money is at least as important as income earned.
According to a study, intuition is a subconscious process that draws on past experiences and external cues to make rapid decisions. The researchers found that intuition plays a crucial role in high-pressure situations, such as avoiding accidents or making swift business decisions.
A recent survey reveals that 22% of new R&D centres will be located in China and 19% in India, as multinational firms tap into emerging economies' resources and markets. This trend raises significant challenges, including managing research and development in foreign countries.
Researchers have created a new class of statistical estimators called 'centroid' estimators, which allow for more accurate predictions from massive datasets. These estimators identify the most representative solution from the data, overcoming limitations of traditional methods like maximum likelihood estimation.
A study by University of Leeds researchers found that human psychology and automatic pilot can compromise data security. Employees tend to oversimplify risks and fail to consider consequences, leading to errors. To improve security, organisations should design systems with user involvement and implement triggers for critical thinking.
Researchers from Stevens Institute of Technology have been awarded a grant to evaluate an integrated mariculture system that recycles fish excretions into feed for oysters and clams. The program aims to promote mutual cooperation between scientists from Egypt and Israel, with two pilot systems set up in Alexandria and Eilat.
Global water planning faces a fundamental shift due to changing climate patterns. Water managers must adapt to new, unpredictable conditions that challenge traditional approaches. The authors propose a revised framework incorporating shifting averages and variability.
Researchers design a mathematical model to describe circumstances where generalists can endure and even thrive in what is typically expected to be a specialist-only society. The study's findings suggest that having individuals with diverse skills can safeguard against the possibility that specialists don't complement each other.
Naumann co-authored paper 'Modular Verification of Higher-Order Methods with Mandatory Calls Specified by Model Programs' recognized for its precise and modular technique for specifying callbacks in object-oriented software frameworks. The 22nd annual OOPSLA Conference, held in Montreal, Canada, also featured industry experts and keyno...
Dr. Jerry Luftman's research published in MIS Quarterly Executive explores the persistent problem of aligning IT and business, proposing a five-level maturity model to measure six key components. The study found that federated IT structures and CIO reporting directly to top executives are associated with higher alignment maturity.
Professor Craig W. Kirkwood is awarded the 2007 Frank Ramsey Medal for his significant contributions to decision analysis methodology, applications, and education. The medal honors his work on models of preferences involving multiple objectives, group decision analysis, and computer programs to facilitate learning.