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Risk management is not a flashy business topic – after all, making money is more exciting than saving it. Still, managing risk and avoiding problems is every bit as critical to the health of a business as creating revenue, according to a VCU professor.
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.
Workplace Diversity Pays: Research Links Diversity with Increased Sales Revenue and Profits, More Customers
Workplace 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.
New Report Details Experience of Minority Women in the Subprime Lending Market and Disparate Treatment by Race
WASHINGTON (NNPA) - Ninety years after the passage of the 19th amendment by Congress, a new report for the National Council of Negro Women researched by the National Community Reinvestment Coalition (NCRC) shows that African-American and Latino women continue to receive disparate treatment in the mortgage lending process. The report, Assessing the Double Burden: Examining Racial and Gender Disparities in Mortgage Lending, demonstrates that minorities continue to be much more likely to receive high-cost home mortgage loans.
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.
Industrial-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.