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UK’s Most Confident and Successful Corporate Managers Live Abroad During Their Formative Years, New Research Reveals

By Guest PostFebruary 14, 2013Economyacquisitions, business activities, business school, confidence, corporate managers, cultural miscommunication, culturally remote countries, culture, different cultures, difficult, dorota piaskowska, foreign markets, formative years, global population, grzegorz trojanowski, international experience, local involvement, markets, risky behavior, risky decisions, uk, uk citizens, uk company, university college dublin, university of exeter

Corporate managers widely exposed to more than one culture during their formative years (up until 23 years of age) are more likely to be confident taking difficult and risky decisions, such as acquisitions, new research from the University of Exeter Business School reveals.

The study looked at over 2,000 acquisition decisions taken by board members at 561 UK listed companies, and found that managers who live or study in cultures other than their own more readily take difficult strategic decisions such as deciding to acquire foreign companies.

Co-author, Grzegorz Trojanowski, Associate Professor in Finance at the University of Exeter Business School says corporate managers with wide exposure to different cultures tend to see doing business in foreign countries as providing great opportunities, and they expect to get a positive result from their business activities in these markets. (more…)

Survey: More Freshmen than Ever Say They Go to College to Get Better Jobs, Make More Money

By Guest PostFebruary 5, 2013Economy, Educationabove average, annual survey, better job, cirp, college completion, college students, current economic situation, extra year, freshman survey, get, john h pryor, laura palucki blake, make more money, premium, pursuing higher education, recovering economy, students decisions, sylvia hurtado, top 10 percent, ucla, united states

The current economic situation in the United States has a major influence on first-year students’ decisions about which college to attend and is reflected in their reasons for pursuing higher education, according to the CIRP Freshman Survey, UCLA’s annual survey of the nation’s entering students at four-year colleges and universities.

The survey, part of the Cooperative Institutional Research Program (CIRP), is administered nationally by the Higher Education Research Institute (HERI) at UCLA’s Graduate School of Education and Information Studies.

Two out of three first-year students (66.6 percent) surveyed said they believe current economic conditions significantly affected their choice of college, up from 62.1 percent just two years earlier, when the question was first asked. (more…)

How Social Media Can Help Grow Your Business

By Guest PostFebruary 3, 2013Economy, Small Business, Technologyadvertise your business, bing, cross advertising, Facebook, follow us on, for monthly discounts, Google, grand view college, houston based parents, ken, likes, local advertising, marketing campaign, mobile search results, morningsidenannies, newspaper ads, online, online presence, pins, pinterest, potential customers, radio, search engines, social media interaction, social media websites, subscribes, upper iowa university, YouTube

In today’s world, it’s simply not enough to advertise your business using radio and/or newspaper ads. Your online presence is as vital to the continued success of your business as local advertising. Using social media only strengthens your position both online and off.

Using social media as part of your marketing campaign can produce a great deal of interest in your business. As most social media sites are free to utilize, there is very little risk to yourself or the business. The impact social media can have is worth the time to invest in order to expand.

1. Interaction – Those who frequent social media websites such as Facebook, YouTube, and Pinterest are able to communicate with others they are following. This gives the consumer the feeling that he or she has a voice in your business. By interacting with those individuals, you are opening your business up to a clientele that feels your business cares about their input. (more…)

Broker Fees from Mutual Funds Affect Advice, Predict Worse Performance, New Study Says

By Guest PostJanuary 31, 2013Economybroker fees, investment performance, mutual fund, sales commissions

TORONTO, ON – Brokers are supposed to recommend investments that are in the best interests of their clients. (more…)

Evolution of Human Resources

By Guest PostJanuary 21, 2013Economybeebe medical center, bejoy philip, catherine halen, clayton hall, employee development, employer relations, empowerment, entrepreneurship, evolution, george irvine, human resources, human resources management, john sawyer, jpmorgan chase, kimberlee krupa, lerner college, lynn sydnor epps, organization, organizational development, personnel department, roundtable topic, siemens corporation, ud, university of delaware

Future of organizational development Employee Development Roundtable topic

Remember the personnel department? It’s an old fashioned concept now with its focus on record-keeping and employee policies, evolving into “human resources management” in the latter half of the 20th century.

But the future of human resources is also changing. Panelists and attendees at the University of Delaware’s Employee Development Roundtable in December discussed how organizations will develop their employees in the future, how local and global business pressures will affect the field, how technology will change employee development and what organizational development professionals should do now to shape the future. (more…)

Credit Card Debt: Younger People Borrow More Heavily and Repay More Slowly, Study Finds

By Guest PostJanuary 18, 2013Economyamericans, borrow, cardholders, credit card, credit card behavior, credit card companies, credit card debt, data, debt level, factor, financial problems, grandparents, life cycle hypothesis, lucia dunn, marital status, minimum payments, minimum payoff rate, monthly payment, ohio economic survey, parents, psychological jolt, repay, sarah jiang, statistical model, younger americans

COLUMBUS, Ohio – Younger Americans not only take on relatively more credit card debt than their elders, but they are also paying it off at a slower rate, according to a first-of-its-kind study.

The findings suggest that younger generations may continue to add credit card debt into their 70s, and die still owing money on their cards.

“If what we found continues to hold true, we may have more elderly people with substantial financial problems in the future,” said Lucia Dunn, co-author of the study and professor of economics at Ohio State University. (more…)

In Financial Ecosystems, Big Banks Trample Economic Habitats and Spread Fiscal Disease

By Guest PostJanuary 6, 2013Economyamerican financial sector, bank of england, banking meltdown, bill, contagion channels, diversity, ecosystem stability, effect, elephant herd, financial disease, financial environment, financial pie, financial policy adviser, financial shocks, financial system, george sugihara, global financial crisis, grassland, grazing, impact, intensity, interconnected banks, international bank, large bank, lehman brothers holdings, mathematical epidemiologist, melinda gates foundation, model, multinational banks, national, nimalan arinaminpathy, oceanography, pnas, population, potential threat, princeton university, quarantine, robert may, san diego, scripps institution, small bank, spread, sugihara, sujit kapadia, system collapsing, systemic risk tax, types of assets, typical elephant herd, united states, university of california, university of oxford, us banks, virus

Like the impact of an elephant herd grazing on grassland, multinational banks shape the financial environment to an extent that far outweighs their small number. And like a contagious person on a transnational flight, when these giant, interconnected banks succumb to financial ills, they are uniquely positioned to infect wide swaths of the financial system.

Researchers from Princeton University, the Bank of England and the University of Oxford applied methods inspired by ecosystem stability and contagion models to banking meltdowns and found that large national and international banks wield an influence and potentially destructive power that far exceeds their actual size. (more…)

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