Business & Entrepreneurship

Allison Miller discusses jocotes with a man in southern Honduras.Researchers at Washington University in St. Louis report that farmers and families in Central America have saved genetic variation in the jocote (ho-CO-tay), (Spondias purpurea), a small tree that bears fruit similar to a tiny mango. And they’ve done this by taking the plants out of the forest, their wild habitat, and growing them close to home for family and local consumption Allison Miller, Ph.D., a post-doctoral researcher at the University of Colorado, and former graduate student in Arts & Sciences at Washington University, and Spencer T. Olin Professor of Biology Barbara Schaal, Ph.D., from Washington University, in conjunction with Peter Raven, Ph.D. Engelmann Professor of Botany at Washington University and Director of the Missouri Botanical Garden, have shown multiple domestications of the jocote in Central America in the midst of large-scale deforestation, a practice that endangers genetic diversity .

Storing hydrogen is problematic. A WUSTL chemist and his colleagues are exploring different approaches to help make hydrogen fuel more practical.A chemist at Washington University in St. Louis hopes to find the right stuff to put the element hydrogen in a sticky situation. Lev Gelb is exploring several different ways to store hydrogen and prepares theoretical models of molecules that could enable storage and transport of hydrogen gas. One process would involve materials that hydrogen would stick to.

Tales of corporate scandal and political misdeeds have made spectacular headlines in recent years — just the mention of Enron or Bill Clinton conjure up memories of those offenses. But on a day-to-day basis most people don’t deal with such large-scale scandals. Instead, they are confronted with relatively innocuous mistakes — the kinds of mistakes that eventually break down trust and possibly even derail a career. There’s a reason that a simple apology doesn’t always re-establish the trust that colleagues once enjoyed, according to new work by Kurt Dirks, associate professor of organizational behavior at the Olin School of Business at Washington University in St. Louis. People’s reactions to apologies vary widely depending on the nature of the transgression.

Joe Angeles/WUSTL PhotoCorporations enjoy cross-curricular classes at the Olin School of Business’ Knight Center for Executive Education.The debate over the relevance and future prospects of business schools is not new. The same issues have existed since the beginning of formal business education in the late 1800s. The current state of the debate, fueled by declining MBA applications and high profile legal cases involving MBA-trained executives, has proceeded in ignorance of this history, according to Bill Bottom, the Joyce and Howard Wood Distinguished Professor of Organizational Behavior at the Olin School of Business at Washington University in St. Louis.

“Challenges to Public Education Financing Facing Missouri and the Nation” is the topic of a one-day public forum to be held Nov. 4. Co-sponsored by the Weidenbaum Center and the Federal Reserve Bank of St. Louis, the event features discussions by nationally recognized academic experts, state legislators and school superintendents. Free and open to the public; reservations required.

Nobel Laureate Kenneth J. Arrow will discuss “The Economics of New Antimalarial Drugs” at 2:30 p.m. Oct. 21 in the Bryan Cave Courtroom, Anheuser-Busch Hall. Arrow, a longtime professor of economics at Stanford University, recently chaired a National Institute of Medicine committee that issued a report titled “Saving Lives, Buying Time: Economics of Malaria Drugs in an Age of Resistance.” Malaria, along with tuberculosis and HIV/AIDS, is one of the big three global killers of the world’s poorest people.

Six entrepreneurial projects have made it to the final round of the Olin Cup Competition. The finalists were selected from a group of 11 semi-finalists Thursday evening at a networking event at Washington University. Teams are competing for a total of $70,000 in seed investments — awarded to those who create viable business ventures with a high probability of success. In addition to the $70k, a $5k grant will be awarded to the best student-owned venture — bringing the total prize money to $75,000.

In vitro fertilization can cost anywhere from $10,000 – $15,000 for each round of treatments. This means access to assisted reproductive technologies (ART) is generally limited to a relatively small portion of couples that seek it. Several state governments have turned to public policy in an attempt to make access to ART more widely available. But two professors from the Olin School of Business at Washington University in St. Louis find that market competition can be as effective at expanding access as requiring insurance companies to cover infertility treatments. At the same time, competition appears to lower the rate of high-risk births and encourages the use of new technologies.

Photo by Mary Butkus / WUSTL PhotoSteve Malter (right) teaching students to plan their academic life for their business career.The Olin School of Business at Washington University in St. Louis has created a class that addresses the students’ need for academic advice and career guidance at the same time. Managing Your Business Career Strategy (MYBCS) was designed to address this need. Students learn how their classes could help with future career choices; they learn job search skills; and they learn the particulars about the characteristics of various career options. It’s the first of its kind at Washington University in St. Louis, and it may very well be the first of its kind in the nation.

In the 21st century, the key to remaining competitive with China, India, and the rest of the world will be innovation, a national core competency that will play a critical role in the battle to preserve the American Dream. This view is the subject of a forthcoming book, written by Kenneth Harrington, managing director of the Skandalaris Center for Entrepreneurial Studies at Washington University in St. Louis, and Robert Skandalaris, founder and chairman of Noble International Ltd. While America was built by entrepreneurs, and continues its stronghold on innovation, the co-authors contend that it is no longer a forgone conclusion that America will lead the world in innovation.