Business & Entrepreneurship

Photo by Joe AngelesEliot Society President Robert L. Virgil, Ph.D., presents the *Search* Award to Murray L. Weidenbaum, Ph.D., April 26.He’s one of the country’s most acclaimed economists and a distinguished WUSTL professor for more than 40 years; the Search is the Eliot Society’s highest honor.

“U.S.-China Business Relations” is the focus of a three-day academic symposium that kicks off with a public conference from 7:30 a.m. to 3:30 p.m. May 11 in Room 311, Anheuser-Busch Hall. U.S.-China commercial relations and intellectual property rights are among topics to be covered.

Bob Boston/WUSTL PhotoTwo surgeons at the same hospital perform the same operations on patients with similar medical histories. Their costs to the hospital are similar, right? Not necessarily. There could be a difference as high as 45 percent. New research from Washington University in St. Louis finds that even when controlling for complexity of the operation and patient risk, surgeons incurred a wide range of hospital costs. More…

Joe Angeles/WUSTL PhotoThere are companies that, like people, are smarter than others. Literally. A business professor at Washington University in St. Louis has developed a way to measure a company’s IQ based on how effective it is at innovating. Using data from SEC filings, a professor at the Olin School of Business, computed the IQs of all the publicly traded US firms that engaged in R&D. More…

Is it all about long-term growth or short-term gains? That’s the question some finance professors at Washington University in St. Louis set out to answer when they investigated why non-financial firms are timing the interest rate market. The answer: by swapping short term, flexible interest rates for long term, fixed contracts, or vice-versa, managers may be more likely to meet analysts’ forecasts. More…

WeidenbaumMurray L. Weidenbaum, one of the country’s most acclaimed economists and a distinguished Washington University professor for more than 40 years, received the Eliot Society’s highest honor at the 39th annual William Greenleaf Eliot Society dinner on April 26. The event was held at the Ritz-Carlton Hotel in Clayton and included a keynote address by the celebrated Irish singing sensation Ronan Tynan.

The Olin School of Business will honor the achievements of four alumni May 3 at the school’s annual dinner at the Ritz-Carlton St. Louis in Clayton. Business school Dean Mahendra Gupta also will present the Dean’s Medal to Stuart Greenbaum and his wife, Elaine, A.B. ’60. This year’s recipients of the Distinguished Alumni Awards are E. William Gillula, M.B.A. ’73, Lynn E. Gorguze, M.B.A. ’86, Lewis A. Levey, M.B.A. ’67 and Lin-Kuei Jackson Ling, M.B.A. ’04.

WHAT: International Business Outlook Conference An annual conference organized by Washington University Olin School of Business MBA students. Event includes breakout sessions and keynote speakers from experts in doing business globally. WHEN: Friday, April 7, 7:30 a.m. to 4 p.m. WHERE: The Charles F. Knight Center, Washington University Hilltop Campus WHO: Keynote speakers include David N. Farr, Chairman, CEO & President of Emerson, Sir Tom McKillop, Former CEO of AstraZeneca and current Chairman (Designate) of The Royal Bank of Scotland, Jai Nagarkatti, President & CEO of Sigma-Aldrich Corporation. For a rundown fo the day’s events go to: http://www.olin.wustl.edu/IBOC/events.cfm

The television show “The Office”  portrays more truth than fiction. But the consequences of bad management can be more serious than the awkward moments portrayed on the program. Employees get cynical when they endure multiple changes in company strategy and when they are overworked, according to experts at Washington University’s Olin School of Business. As a result, people produce work, but they don’t care how they produce it. The drive to get things done in today’s business environment is so strong that workers start thinking only of short-term gains and ignoring long-term consequences. More…

Successful strategies are innovative. They combine resources or businesses in unique or complex ways that other firms may fail to recognize. Yet research from the Olin School of Business at Washington University finds that the market tends to undervalue companies with complex or unique strategies. The reason: they receive less analyst coverage. More…