COVID-19 and the Ethical Questions it PosesUniversity of Nevada, Las Vegas (UNLV)
Beginning in 2007 through 2009, the Great Recession affected Las Vegas more than anywhere else in the United States. The Las Vegas’s economy will, once again, be dealt a difficult hand as a result of the COVID-19 global pandemic, according to Stephen M. Miller, director of the Center for Business and Economic Research (CBER) and economics professor at Lee Business School.
In a recent webinar hosted by the University of Virginia Darden School of Business and moderated by JP Morgan Private Bank Managing Director Jonathan England (MBA ’06), Professors Frank Warnock and Kinda Hachem outlined the extraordinary measures the Fed has taken to keep key aspects of the economy functioning during the coronavirus crisis, as well as additional tools the central bank may use as the crisis continues.
Leadership and management: synonymous? Nope. Both are associated with defining behaviors, and research shows which are consistently seen more positively. But organizations need both leaders and managers to function. Here’s how to ensure the right people are hired for the right jobs.
Despite measures taken by the Austrian government, the consequences of the COVID-19 lockdown and partial suspension of global trade flows will be felt for a long time.
The U.S. is likely to see a near-term 24% drop in employment, 17% percent drop in wages, and 22% drop in economic activity as a result of the COVID-19 crisis according to a new study. These impacts will be very unevenly distributed, with the bottom quarter of earners at risk of a 42% loss in employment and bearing a 30% share of total wage losses. In contrast, the study estimates the top quarter of earners only risk a 7% drop in employment and an 18% share of wage losses.
For a long time, companies have used cost-effective chat services in their business-to-customer (B2C) sales. Companies engaged in business-to-business (B2B) sales are also increasingly moving their activities online, but their online chat services and customer interaction have not been studied much yet.
While the economic fallout from the global coronavirus outbreak remains nearly impossible to quantify at present given the growing nature of the pandemic, University of Virginia Darden School of Business Professor and Dean Emeritus Bob Bruner suggested historical antecedents may serve as useful guideposts in the months and years ahead.
At a time of uncertainty and growing anxiety caused by the coronavirus pandemic, having transparent, consistent and empathetic communication with key stakeholders is more critical than ever. Darden Professor June West and Darden Executive-in-Residence Steve Soltis share four lessons in communicating through the fast-moving crisis.
How can managers promote consistent ways of working among team members from diverse cultural backgrounds who are based all over the world? And how can leaders help workers develop solid relationships with their colleagues even though they may not meet them regularly — if ever? Darden Professor Yo-Jud Cheng sheds light on those questions.
Because of the worldwide havoc caused by coronavirus, supply chains have become a crucial new focus of the global economy. Along with health care providers, workers in logistics and transportation have emerged among the people essential to sustaining life through the pandemic.As a result, a Washington University in St. Louis expert foresees permanent changes ahead to guard against massive stresses on supply chains and better ensure their workers’ safety.
ADCES launches redesigned member platform
Small businesses are the lifeblood of a community, but due to the impact of the coronavirus, they’re shuttering in enormous numbers. University at Buffalo School of Management experts share their insights to help entrepreneurs and local businesses ride out the storm.
Trinity Health has announced the appointment of Eileen Matzek as the new regional chief information officer for Loyola Medicine, effective Thursday, April 2. In this role, Matzek will be responsible for all information technology (IT) service delivery for Loyola Medicine hospitals which include Loyola University Medical Center, Gottlieb Memorial Hospital and MacNeal Hospital.
In an effort to better fight COVID-19 in multiple regions of the country, Wake Forest Baptist Health has joined forces with Javara Inc. – a leading integrated clinical research organization headquartered in Winston-Salem – to conduct a community-based research study of the novel coronavirus.
As the COVID crisis continues to test the capacity of the healthcare system, what interventions are necessary to turn the tide of new infections, will the relief package have an impact, and how will a prolonged shutdown affect our economy?
Minority-owned banks offer a valuable function in providing equitable support to minority communities and small-businesses. While they receive some government benefits, they also receive criticism for the support and a perception they’re “risky.” Is that criticism founded? Research analyzes actual outputs and inputs.
The science of collective intelligence is clear: a positive emotional state enables the highest levels of performance. How do we reach that in the midst of social distancing and the anxiety the COVID-19 pandemic breeds? Here: practical steps to create a positive virtual working environment and daily practices to foster emotional connection.
The actions taken by retail health clinics — small primary care clinics located within retail outlets like Walmart’s Care Clinics or CVS’ MinuteClinic — will have a significant impact on public safety, and their actions may prevent the COVID-19 pandemic from overwhelming the U.S. health care system. Darden Professor Dennie Kim explains.
What drives household consumption? Standard theories of consumer behavior may not fully account for a major driver of spending (or not spending). Professor Dan Murphy and colleagues have a new model to help us understand consumption choices and the broader effects of policymakers’ attempts to stimulate the economy.
Rhoback, the line of stylish activewear owned and operated by University of Virginia Darden School of Business alumni Matt (MBA ’16) and Kristina Loftus (MBA ’17), has temporarily shifted much of its production from performance polo shirts, Q-Zip pullovers and performance t-shirts to face masks intended to stop the transmission of the novel coronavirus, known as COVID-19.
By: Mark Blackwell Thomas | Published: April 9, 2020 | 2:35 pm | SHARE: As the impact of the COVID-19 grows, the U.S. labor market has been especially hard hit. With an estimated 15 million Americans filing for unemployment benefits in the past three weeks, the rate of job loss in the nation is unprecedented. Unemployment claims are expected to surge as the pandemic continues and millions of laid-off Americans are wondering if their jobs are ever coming back.
The University of Utah’s David Eccles School of Business and Lassonde Entrepreneur Institute will graduate the first group of founders from the unique Master of Business Creation (MBC) program at the end of the Spring Semester.
New research finds that “fake news” inspires consumers to demand corrective action from companies – even if the company is a victim of the fake news story. The study also supports the idea that most people feel they are better at detecting fake news than other people are.
There’s no doubt the COVID-19 pandemic has put the United States into a recession, says an economist who is the associate dean of the College of Business at The University of Alabama in Huntsville (UAH), so now the question on everyone’s mind is when business will get back to normal.
Singapore Spacer, a tool developed jointly by a team from NUS, SMU, Aviation Virtual and ESRI, enables administrators to identify places on campus where people concentrations are high, so that policy decisions can be taken to reduce the likelihood of COVID-19 transmission.
Kimberly Tanner and Jeffrey Schinske will become co-Editors-in-Chief of CBE—Life Sciences Education (LSE) on August 1, 2020. The two will succeed Erin Dolan after her second term as Editor-in-Chief. LSE is the peer-reviewed, open access journal on life science education research from the American Society for Cell Biology.
Sandia National Laboratories has announced a new, fast-track licensing program to rapidly deploy technology to a marketplace reeling from the effects of COVID-19. The move is designed to support businesses facing widespread, often technical challenges resulting from the pandemic.
As students prepare to graduate this May into a reeling economy and an uncertain employment climate due to the COVID-19 pandemic, many companies have turned to technology to keep recruitment and business afloat.
From Steve Jobs to Mark Zuckerberg, the stories of prosperous, young innovators drive the American economic narrative. However, the truth is that older business entrepreneurs may be just as well suited to success. And older women are far more successful at launching a business than their younger counterparts.
Successful entrepreneurs are good storytellers. But sometimes the story is more fiction than nonfiction. Maryland Smith expert Brent Goldfarb explains the evolution and implications of Luckin Coffee’s fictionalized narrative.