Co-working spaces can limit the creativity and innovation of new businesses, a study has found. These shared spaces, which have boomed in popularity since the pandemic, may offer initial opportunities to collaborate but, before long, they ultimately inhibit the emergence of collaborative practices. The study, co-authored by Bayes Business School, investigated how collaborative practices emerge in...
Lying to another person to get the better of them in a financial negotiation might win you more money, but you are likely to end up feeling guilty and less satisfied with the deal than if you had been honest, according to research published by the American Psychological Association. Study author Alex Van Zant, PhD,...
Retailers can reduce the number of incidents where they run out of certain products – known as stockouts – by telling shoppers supply is low, a strategy that can help retain customers over the long term, according to new research by Boston College Assistant Professor of Business Analytics Dmitry Mitrofanov. Traditionally, retailers have been reluctant...
This holiday season is expected to set another record for online sales, according to the National Retail Federation. But if consumer habits mirror previous years, 20% to 30% of the merchandise will be returned. It’s a big financial hit and logistical challenge for retailers that cover all the shipping, sorting and processing. “Supply chain managers...
Elon Musk’s purchase and overhaul of Twitter since October has raised more questions about the social media platform’s future. Cliff Lampe, professor and associate dean for academic affairs at the University of Michigan’s School of Information, said the company has struggled financially in recent years, seen numerous employees fired, and had many followers leave the...
“Buy Now Pay Later” platforms, such as Afterpay and Affirm, offer consumers almost instant access to credit for retail purchases without a hard credit check. While BNPL spending is projected to reach $1 trillion globally by 2025, little is known about its effects. BNPL, which typically appears as an option during checkout on a retailer’s website, most...
With inflation at a 40-year high and an economy that is growing at a sluggish pace, concerns about a recession are real. But it may be avoided if consumer spending continues to persist and if more workers enter the labor force, according to a forecast released today by the Indiana University Kelley School of Business. Economists...
Key Takeaways: The buycott generated an increase in sales that lasted for three weeks, especially among first-time buyers and in heavily Republican counties. Social media chatter and news media coverage was largely negative about the brand and incorrectly predicted severe negative consequences for the brand. Goya’s Democratic-leaning core customer base, largely made up of Latinos,...
Elon Musk has finally completed his US$44 billion deal to acquire Twitter and take it private. The world’s richest man has already begun putting his imprint on the social network by firing four of its top executives. While most people are likely familiar with the idea of taking a private company public – the process...
A new paper published in Global Strategy Journal argues that business leaders should make a greater effort to understand locational strategy, a framework used for understanding how an organization’s geographical decisions fit into the broader corporate strategy. According to the study authors, this knowledge could give businesses an edge over their competition, as locational decisions can affect everything from...
