Despite fears about a recession, the job market is strong for college graduates – for the 10th consecutive year, according to Michigan State University’s Recruiting Trends, the largest annual survey of employers in the nation. In fact, job opportunities are expected to expand by 12% across all degrees in 2019-20, said Phil Gardner, survey author and...
Commerce
When Managing a Company, Less Is More
No company has the exact same marketing strategy when it comes to managing its suite of products and brands, but a team of researchers led by Michigan State University faculty is the first to identify universal strategies for large companies to follow to maximize their sales and market share. The research, published in the International Journal...
McDonald’s Fired Its CEO for Sleeping with an Employee – Research Shows Why Even Consensual Office Romances Can Be a Problem
McDonald’s ousted its CEO over a consensual relationship with an employee, just a week after U.S. Rep. Katie Hill stepped down due to a similar allegation. Both McDonald’s and the House of Representatives ban sexual relationships between supervisors and employees. Whether such bans on consensual relationships are really necessary has been debated many times. And...
How Julep Went from the “Fastest Growing Omnichannel Beauty Brand” to Bankruptcy
In less than 10 years, Julep raised over $70 million from major venture capital firms and the likes of Jay Z, created a cult following of consumers itching to buy the 300 different beauty products it was introducing each year, launched a monthly subscription beauty box, amassed sales that tripled during some fiscal years, and...
With a Rise in Lab-Grown Diamonds, Disclosure and Questions of Value Become Hot Topics
A new group of diamonds stands out as being more perfect than almost all others in the $14 billion diamond market. They are completely colorless – making them, in the eyes of the Gemological Institute of America, among just 2 percent of the diamonds in the world. They are almost or entirely devoid of impurities,...
After 20 Years in Business, Zac Posen Shutters Eponymous Label
Zac Posen is shuttering his label, the brand confirmed on Friday. An announcement from the label’s owners, House of Z and Z Spoke that came on Friday evening revealed that the company – which had been in midst of a sale process since this spring with Yucaipa Cos., with the Ron Burkle-led investment firm that...
Study Considers Double-Edged Sword of Trust in Regulatory Agencies’ Monitoring of Firms
Governmental and third-party regulatory agencies (e.g., the Securities and Exchange Commission and independent auditing firms) are charged with monitoring firms to guard against behaviors that might have negative consequences for the economy, the environment, or society. This type of monitoring fails when the agents do not detect or report infractions by the firms they oversee....
Firm’s Strategic Orientation Shapes How It Resolves Workplace Disputes
A new paper examines the strategic underpinnings of why firms use certain alternative dispute resolution practices when sorting out a workplace issue. As firms have increasingly looked to contain costs associated with employment conflicts or take workplace conflict out of the public eye, the use of third-party alternative dispute resolution mechanisms has grown to be...
Blockchain Offers Promise for Securing Global Supply Chain
Blockchain technology has the potential to transform the global supply chain and improve both the speed and security of handling the flow of goods at international borders. But researchers say big questions remain about how the transformation will unfold. “It’s an emerging technology. It’s evolving,” said Weidong “Larry” Shi, associate professor of computer science at...
Disruptions of Salesperson-Customer Relationships. Is That Always Bad?
Researchers from the University of Bochum and the University of Warwick published a new paper in the Journal of Marketing, which shows that sales relationship disruptions can have overall positive effects for the selling firm. The study, forthcoming in the January issue of the Journal of Marketing, is titled “Understanding the Impact of Relationship Disruptions” and authored...