C-suites are filled with strong personalities that can help drive new and exciting offerings. But when it comes to breakthrough technological innovations, a new study published in Strategic Management Journal found it’s essential that CEO overconfidence is balanced by a board of directors with expertise and power. Prior studies have shown that overconfident CEOs are more likely to pursue...
Commerce
Outdoor Businesses and Venues Could Benefit from Boosting Biodiversity
University of East Anglia researchers hid speakers in vineyards along tour routes which played additional birdsong and created ‘enhanced soundscapes’ that were louder and more diverse Visitors to vineyards were more satisfied with their tours and experience when they were exposed to this enhanced soundscape of varied bird species Researchers say the findings suggest that...
Age Trumps Gender, Income and Postcode for Consumers’ Clothing Habits
The first-ever nationwide study into how Australians use and dispose of clothing has revealed people are buying too many clothes and are unsure how to discard them responsibly. Conducted by RMIT University and commissioned by the Kmart Group and the Queensland Government, a study of 3,080 Australians explored how they acquired, used and disposed of...
Key Witness in Trial of FTX Founder Sam Bankman-Fried Seeks No Prison Time at Upcoming Sentencing
Caroline Ellison, a former top executive in FTX founder Sam Bankman-Fried ’s collapsed cryptocurrency empire and his former girlfriend, is seeking no prison time at her sentencing later this month. Lawyers for Ellison made the request shortly before midnight Tuesday in a filing in Manhattan federal court in advance of a sentencing scheduled for Sept. 24. The...
Neutral News Sources Could Exploit Today’s Polarized Mediascape to Boost Revenue − Here’s Why They May Choose Not To
Even news outlets perceived as politically neutral can benefit from today’s polarized media environment. The past decade has seen a surge in partisan online news sites that patently skew toward one side of the American political spectrum, from the right-leaning Blaze Media to the openly liberal Axios. Money is a primary driver of this media...
DEI Policies Work Best When They Are Designed to Include Everyone and Are Backed by Evidence
As the U.S. becomes increasingly polarized, diversity, equity and inclusion – also known as DEI – efforts have been touted as a way to bridge social divides and promote a sense of belonging for everyone, especially for those who have been traditionally excluded or marginalized. But in recent years, a backlash has set in, with...
How Hope Beats Mindfulness When Times Are Tough
A recent study finds that hope appears to be more beneficial than mindfulness at helping people manage stress and stay professionally engaged during periods of prolonged stress at work. The study underscores the importance of looking ahead, rather than living “in the moment,” during hard times. Mindfulness refers to the ability of an individual to...
Research Shows Gamified Investment Sites Have Risks for Novice Investors
What happens when online investment trading platforms start to resemble games that keep people playing for hours, with badges and exploding confetti to reward investors for their engagement? For those who know what they’re doing, it won’t make much of a difference. New research from the University of Toronto engaging nearly 1,000 volunteers in artificial...
The Diminishing Impact of Casino Free-Play Promotions
UNLV casino management researcher Anthony Lucas looks at the apparent diminishing returns between free-play offers and patron behavior. Free-play campaigns – or gambling money on the house – have gotten big. They are the dominant play incentive in the gaming industry, where the most money is spent to get players in the door and keep...
New Study Explores How Local Firms Should Adopt Market and Nonmarket Strategies in the Face of Foreign Direct Investment
Studies have shown how inward foreign direct investment (FDI) increases the productivity or innovation of local firms in emerging markets, but little research has explored how local firms have to strategically cope with this competition. Upon exploring these connections, a new article in the Global Strategy Journal recommends that local firms adopt a balanced approach to contend with these...