Profile: The Conversation - Business
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NoteStreams By The Conversation - Business
Demand for innovation is at an all-time high. As a result, there is an increased need to understand what drives innovation. Certainly traditional research and development, funded by both the private and public sectors, continues to remain a primary source of new ideas and products. But innovation demands innovators.
Category: For Teachers
Earlier this month, thousands of eager lovers streamed through the doors of the Bell Harbor International Conference Center in Seattle, on the stunning waterfront of Puget Sound. Their love had one all-consuming object: chocolate.
Anheuser-Busch InBev, brewer of Budweiser, Stella Artois and more than 200 other brands, is already the largest beer maker in the world, controlling more than 20% of global sales. It may soon get a lot bigger: this week it reportedly plans to bid for its closest rival, SABMiller, in a deal that could create a company worth some US$275 billion.
Category: Craft Beer
A few days after taxi drivers staged violent protests in Paris, Uber suspends its lower-cost UberPop until the French Constitutional Court determines whether the service is legal under French law. The Uber situation reminds us of French economist Frédéric Bastiat, who, while famous in his day, is relatively unknown now.
In the UK, farmers have been leading cows into supermarkets and emptying shelves in the dairy aisle, to protest against the dropping price of milk. The price of milk has fallen 25% over the past year, with the average cost now 24p per liter. Lower prices reduce profits, make it harder for suppliers to recoup their costs and ultimately put people out of business. In particular, it has tended to be the smaller farmers in more remote areas, who face higher production and logistics costs that have suffered from the drop.
On Monday, the world’s stock markets continued to fall after suffering steep losses the previous week. The Dow Jones Industrial Average, one of the most widely followed indexes, opened for trading by dropping more than 1,000 points in the first six minutes, or about 6.5%. What does this mean for investors and the rest of us? In my view, there are three important ideas to keep in mind as we assess the impact of a plunging stock market on the economy and our wallets.
Every now and then, I see an article in the media that is skeptical about the future of mobile advertising – the kind of ad you see when you open an app on your smartphone and there’s either a discount coupon at the center of the screen or a display ad at the bottom. Many critics have asserted that mobile advertising does not work, that mobile marketing is all but dead and that people worry too much about their data privacy to accept these techniques on their devices and will not do so in the future. Facebook’s latest quarterly earnings report may show that the social media network now earns a whopping 75% of its US$12.5 billion in annual revenue from mobile advertising, but even that does not seem to calm the naysayers.
Why do some of America’s largest corporations spend an extra US$59.5 million a year on corporate social responsibility? New research suggests it’s because they’re run by chief executive officers with daughters. Our research, shows that where the main decision maker has a female child, the company is generally much nicer to employees, and there are positive spin-off effects for the wider society as well.
Discrimination in the hiring process has limited the opportunities available to both racial minorities – such as African Americans – and women, with important consequences for their well-being and careers. For example, research has shown that white job applicants receive 50% more callbacks for interviews than equally qualified African American applicants. And, in the low-wage labor market, scholars have found that African American men without criminal records receive similar callback rates for interviews as white men just released from prison. Researchers have also documented discrimination in hiring against women, with particularly strong penalties against mothers.