How Economic Recovery Hinges on the Vaccine Rollout
Businessam StaffApril 19, 2021
The pace of the economic recovery in the U.S. in 2021 hinges on the pace of COVID-19 vaccinations, according to a brief by the Penn Wharton Budget Model. It projects that doubling the number of vaccine doses administered daily to 3 million would create more than 2 million jobs and boost real GDP by about […]
What’s Mine Is Ours: How Consumption Is Changing
Businessam StaffMarch 22, 2021
Technology hasn’t just changed the way consumers use goods and services, it’s also changed the way they own them. Music collections, for example, have evolved from hundreds of alphabetically-organized records on a shelf, to carefully edited digital libraries, to the 2021 version — a list of songs stored on Spotify or some other streaming platform. […]
How ‘Trading Frenzies’ Affect the Real Economy
Businessam StaffMarch 15, 2021
The recent rallies and volatility in the stocks of video game retailer GameStop and movie theater chain AMC can be linked to a term known as “frenzied trading,” according to Itay Goldstein, Wharton professor of finance and economics who co-authored a research paper in 2013 on that subject with Emre Ozdenoren, a professor of economics […]
Building Diversity into the Venture Capital Ecosystem
Businessam StaffMarch 15, 2021
Before Melissa Bradley taught at Georgetown University, before she served under Presidents Clinton and Obama, and long before she launched a nonprofit accelerator to help minority entrepreneurs, she was a young college graduate trying to build her first business. She went to the Small Business Administration for help with her startup financial services company, and […]
Pull, Don’t Push: Designing Effective Feedback Systems
Businessam StaffMarch 8, 2021
Nano Tools for Leaders® — a collaboration between Wharton Executive Education and Wharton’s Center for Leadership and Change Management — are fast, effective leadership tools that you can learn and start using in less than 15 minutes, with the potential to significantly impact your success as a leader and the engagement and productivity of the […]
Why You Need a ‘Challenge Network’
Businessam StaffMarch 8, 2021
In the following excerpt from his new book, Think Again, Wharton management professor Adam Grant explains why success often comes from surrounding ourselves with “disagreeable” people – skeptics who can point out blind spots, question assumptions and help us overcome our weaknesses. In 2000 Pixar was on fire. Their teams had used computers to rethink […]
What’s Next for Jeff Bezos and Amazon?
Businessam StaffMarch 1, 2021
Amazon founder Jeff Bezos is moving on from his position as CEO, but he’s not moving out. Bezos announced last week that he will transition to the role of executive chairman, and Amazon Web Services chief Andy Jassy will become CEO. As executive chair, Bezos will lead the board of directors, closely advise Jassy and […]
What Makes Some Ads More Shareable Than Others?
Businessam StaffMarch 1, 2021
In one of the more memorable commercials of Super Bowl 2020, rapper Lil Nas X and actor Sam Elliott face off in a dance duel for Cool Ranch Doritos. With ads for the big game going for a reported $5.6 million for a 30-second spot, was the minute-long video cost-effective for the company? Yes, considering […]
Should Universities Try to Capture More Value from Their Research?
Businessam StaffFebruary 22, 2021
A pair of newly published research papers co-authored by Wharton management professor David H. Hsu benchmark and explore commercialization drivers of academic science. The papers find that university research has produced pathbreaking innovations across many disciplines, many of which have been commercialized successfully. Yet, on average, universities capture 16% of the value they help create through […]
Leading Diversity: How Firms Can Walk the Talk
Businessam StaffFebruary 15, 2021
IBM doesn’t just talk the talk on diversity, equity and inclusion issues; it also walks the long, hard road to get there. The global technology giant has an impressive roster of initiatives designed to remedy structural racism, embrace diversity and advocate for social justice both inside and outside the company. From partnering with historically Black […]