Business & Entrepreneurship

The business world runs on agreements. As long as everyone fulfills his or her end of the bargain, things tend to run smoothly. But the question of the most effective way to enforce or regulate these agreements remains. Adam B. Badawi, JD, PhD, associate professor of law at Washington University in St. Louis, looks at this question in the context of franchises. After examining a large number of franchise agreements, Badawi found that despite sometimes allowing contract damage awards against franchisees, the more effective method of enforcing these agreements is often through informal, non-legal rewards system.

Try to imagine an environmentally friendly science lab that reduces, reuses and recycles. That’s the challenge posed by the second annual Olin Sustainability Case Competition at Washington University in St. Louis. Students who devise the best plan for green labs will be seeing green — a $5,000 first prize — when the winners are announced in February.

The field in the 2010 Olin Cup business plan competition was narrowed Nov. 18 as 21 semifinalists faced off in the elevator pitch stage of the race for entrepreneurs at Washington University in St. Louis. Six ventures were selected to advance to the final round of the annual contest that will award $75,000 to the most promising enterprise in February 2011.

Washington University in St. Louis School of Law’s Trial Team swept the inaugural Missouri Attorney General’s Cup Trial Competition held in Jefferson City, Mo., Nov. 12-14, taking first and second place in the championship round.

Before delivering the Stein Lecture in Ethics for the Assembly Series Nov. 17, humanitarian and actress Mia Farrow participated in a seminar on human trafficking at the School of Law in Anheuser-Busch Hall. Karen Tokarz, JD, the Charles Nagel Professor of Public Interest Law & Public Service and director of the Dispute Resolution Program, led the group of social work and law students.

Before Google became a household word, engineers like Anna Patterson (EN ’87, EN ’87) were figuring out how to search the Internet and find the most relevant answers to random queries. The director of Google Research returns to campus at 8 a.m. Thursday, Nov. 18, as guest speaker co-sponsored by Olin Business School and the School of Engineering & Applied Science. She will talk about her experience in Silicon Valley as an entrepreneur and member of the Google team.

Washington University in St. Louis School of Law will host a screening of the award-winning documentary Family Affair at 7 p.m. Thursday, Nov. 18, in the Bryan Cave Moot Courtroom in Anheuser-Busch Hall.

Students in various disciplines throughout universities receive hands-on training through service-learning programs such as law school clinics. But that type of academic training is under attack from both big business and legislative bodies, say two professors from the Washington University in St. Louis School of Law. “Recent legislative and corporate efforts to interfere in the operations of law clinics indicate that academic freedom is at risk when hands-on student learning bumps up against ‘real-world’ disputes,” write Robert Kuehn, JD, and Peter Joy, JD, in “‘Kneecapping’ Academic Freedom,” the recent lead article for “The Conflicted University,” a special edition of Academe, the publication of the American Association of University Professors. 

Events to spark innovation, imagination and creativity are taking place on the WUSTL campus and around the world from Nov. 15-20 as part of a global initiative to promote entrepreneurship among young people. Got an idea? Learn how to turn it into a venture. Participate in an amazing race to discover innovative ventures in St. Louis or listen to other entrepreneurs as they bounce their ideas off a panel of judges.

Standard and Poor’s recently released study on “Global Aging 2010: An Irreversible Truth” calls for the raising of the retirement age and says that age-related public spending is “unsustainable without policy change.” But Merton Bernstein, LLB, the Walter D. Coles Professor Emeritus at Washington University in St. Louis, says raising the retirement age could be a costly mistake.