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Team Hits Jackpot in National Business Plan Competitions

on Friday, 05 June 2009 14:22.

Even in a downturned economy, four students in the Sam M. Walton College of Business at the University of Arkansas have turned an idea for a test using a woman’s tears for breast cancer into more than $85,000. Mentored by management professor Carol Reeves, the team found success this spring in five major business plan competitions. On May 27, the Tears of Life team took first place and $25,000 in the graduate business plan competition at the 2009 Donald W. Reynolds Tri-State Cup, held in Las Vegas, Nev. Team members include three students pursuing a managerial M.B.A. — Jared Greer, Bessie Williams and Chris Elizer — and an honors undergraduate student, Jordan Greer.

Employee Engagement Has Its Limits

on Friday, 01 May 2009 15:29.

Study after study has shown that an engaged workforce is considered desirable in any organization and leads to greater productivity and profitability. Engaged employees are those valued people who invest themselves in their work and are committed to performing at a superior level. In short, employee engagement can yield numerous benefits for individuals and organizations. 

Workplace Diversity Pays: Research Links Diversity with Increased Sales Revenue and Profits, More Customers

on Thursday, 02 April 2009 17:33.

workplace diversityWorkplace diversity is among the most important predictors of a business’ sales revenue, customer numbers and profitability, according to research to be published in the April issue of the American Sociological Review. In one of only a few studies to empirically examine the implications of organizational diversity, sociologist Cedric Herring found that a workforce comprised of employees of both genders and varying racial backgrounds resulted in positive business outcomes.

Workplace Psychologists Provide Edge to Business Organizations

on Thursday, 26 March 2009 17:32.

Industrial-organizational psychologyIndustrial-organizational psychology is a specialized science that is finding its way into corporate decision-making. As business organizations struggle in today’s troubled economy, which has led to declining revenues, weakened customer bases, layoffs, operational cutbacks and other drastic measures, many firms are relying on industrial-organizational psychologists to help them navigate through difficult times and position themselves for better days ahead.

Are CEOs Overpaid?

on Tuesday, 17 March 2009 19:52.

Amid the current economic turmoil, the debate over CEO pay has intensified. Now more than ever, the propriety of large salaries and bonuses for CEOs is leading people to ask, “Are CEOs overpaid?”

Microenterprise Leaders Working to Help Small Businesses Affected by US Financial Crisis

on Thursday, 05 March 2009 23:48.

small_business_developmentWASHINGTON, DC. – Responding to the sharp economic downturn facing the nation, a group of seven leading nonprofits that offer lending and support services to small businesses are taking swift actions to help entrepreneurs challenged by higher costs, declining sales, and tightening credit. Leaders of the seven organizations came together last month in Albuquerque, NM, to share their approaches, including:

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