No risk, no reward? Not necessarily...
In our competitive culture "no risk, no reward" is an axiom. But is all risk the same? In their new paper, "Not All Risk Taking is Equal: Firm Performance and the Motivation for Executive Decisions," Nathan Washburn and co-authors studied the risk-taking behaviors of executives.
The privatization of Fannie Mae
Fannie Mae's recent $11 billion accounting scandal drew headlines, but even before that, critics, analysts and academics have urged that the time has come for this Government Sponsored Enterprise (GSE) to be completely privatized.
Clashing cultures contribute to racial disparities in medical care
Clashing cultural cues – rather than discriminatory doctors – could cause at least part of the medical care gap between black and white Americans, according to a recent study of patient adherence by Jonathan D.
Evidence-based management: Finding the hidden treasure in corporate databases
Until now, the data collected by companies about their customers and their business processes was relatively cumbersome to use.
How may I help you? Revolutionizing service in China
Service is the next frontier in the Chinese economy.
Advice to U.S. tourism and hospitality industry: Learn some Mandarin
As China's economy grows and stringent travel restrictions are relaxed, urban middle- to upper-class Chinese are increasing looking beyond their borders for travel. While a staggering 31 million Chinese traveled abroad in 2005, only 100,000 visited the United States.
China's economy: Some cooling, then fair weather long term
Nobel Prize-winning economist Lawrence Klein was one of the first Western scholars to establish close ties with China's economic policymakers.
Counterfeit meds could be as close as your corner drugstore
American consumers pay top dollar for medications they assume are pure and unadulturated. But we don't always get what we pay for, according to researchers who are sounding the alarm about the growing presence of counterfeit drugs in the marketplace.
High-flying CEOs risk losing touch with their companies
Are America's top CEOs living in a world apart from the rest of us? The average compensation package for a CEO of an S&P 500 company last year was $11.7 million — about 185 times greater than the average salary of a rank-and-file employee.
Universal health care coverage: Cheaper in the long run?
Thirteen years after then-First Lady Hillary Clinton's 1,000-page universal health-care plan met with derision, an increasing number of public policymakers are coming full circle, advocating mandatory enrollment for everyone and coverage regardless of age, income and pre-existing medical problems