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Communicating Strategy: The Best Investment a CEO Can Make
The development of a business strategy is widely believed to be one of the major responsibilities of the chief executive officer. Yet, an effective strategy can accomplish nothing unless it is effectively communicated, and communicating strategy effectively is a major stumbling block for many CEOs. The troops simply won’t follow if they don’t know where […]
An Ethical Evolution of Interest
Charging interest on loans is considered normal business practice. However, today consumers and regulators are taking a close look at interest rates and fees which at times seem unreasonably high. But charging even a reasonable rate of interest has not always been considered morally acceptable. This paper examines the ethical evolution which has taken place […]
Gender, Task Complexity and Risk Taking: Catch 22 for Women
Willingness to take risks is considered a quality of most successful managers (MacCrimmon and Wehrung 1986). There continues to be a societal stereotype, however, that women are not as inclined to engage in risk taking as their male counterparts. Research on whether this stereotype is justified has produced equivocal results, at best. This paper reports […]
Auditor Selection: Impact of Audit Committees
This article reports the results of a study designed to measure whether an SEC rule requiring audit committees might have an anticompetitive impact on auditor selection. Despite concerns expressed by the American Institute of Certified Public Accountants and others, the results of this study do not substantiate the contention that such a rule would favor […]
The Role of Medium of Exchange in Acquisitions
This paper investigates the role method of payment in explaining the differences in returns to a bidding firm during the announcement period. The results indicate that the bidding firms’ returns are negative for equity payment bids and positive and significantly larger for cash bids. This is consistent with the view that cash-offer announcements constitute a […]
Shift-Share Analysis of Structural Change in the Local Economy: A Case Study
The economy today is characterized by the change in its structure from manufacturing to service production. In some communities, the process has been accelerated as existing firms choose to relocate to more economically favorable sites. Th economic prospects of such communities will be determined in part by their ability to accommodate and adapt to this […]
Doing Business Differently And Succeeding: Lessons From Japan
American management traditionally has not paid much attention to the way competitors do business despite the success of many foreign companies in U.S. markets. The Japanese have been successful competing in world markets, and much can be learned from both their industrial development experience and their Just-In-Time and Total Quality Control approach to competition. The […]
Merchant Liability: Changing the Standards
This paper examines the changing merchant liability standards for criminal attacks occurring on business premises. Customer lawsuits seeking to hold businesses responsible for the criminal attacks of others are becoming more common. Selected cases illustrate the requirements to prove business neglignece, the usual theory of merchant liability. Varying, sometimes conflicting, state courts are now more […]
