Business & Entrepreneurship

The Skandalaris Center for Interdisciplinary Innovation and Entrepreneurship recently announced six teams were selected for funding to prepare their projects for commercialization through the spring 2020 LEAP Gap Fund cycle.

As areas of the country begin to relax and do away with stay-at-home orders, things will not snap back to normal for all employees and organizations. This may seem obvious, but it has huge ramifications for what employers can and should expect from employees during this time, according to an expert at Washington University in St. Louis.

With 33 million Americans unemployed and the global economy hurtling toward recession, some students may be tempted to sit out the job and internship market. But that would be a huge mistake, said Mark Smith, associate vice chancellor and dean of career services.

The Skandalaris Center for Interdisciplinary Innovation & Entrepreneurship recently announced winners of two major competitions.

The U.S. Department of Defense’s National Security Innovation Network appointed Jake Laktas university program director for Washington University in St. Louis. He will work closely with faculty and students, connecting them with regional industry partners and forging collaborations.

A new paper by an East Asia and international business expert in the Olin Business School at Washington University in St. Louis finds that Hong Kong’s status as a leading global financial center is secure for multiple reasons, despite prolonged protesting. China’s government will continue to support it; Hong Kong’s financial networks possess extraordinary scale and sophistication; and no viable alternative center has emerged to challenge Hong Kong as the Asia-Pacific leader. Meyer, a senior lecturer in management, puts forth his arguments in “The Hong Kong protests will not undermine it as a leading global financial centre,” published online in April in Area Development and Policy.

In the future, a global pandemic such as the magnitude of COVID-19 will not only be a foreseeable event, but also will likely change how companies model and mitigate future risks to their supply chains, says an expert on supply chain management at Washington University’s Olin Business School.

In business, simple loyalty programs can strongly increase customer retention, Washington University in St. Louis researchers have found. These Olin Business School scientists studied a loyalty program at a chain of men’s hair salons, collecting data on more than 5,500 customers. Under the program, for every $100 a customer spends, he gets a $5-off coupon.

It’s important to feel connected to our community and to practice self-care during this uncertain time. That’s why Washington University’s human resources team moved quickly to adapt programming and migrate many of its offerings to an online format.

The $2 trillion plan to prop up a pandemic-reeling United States, amid the news that there were 3.3 million unemployment claims lodged in the previous week, is expected to pass the House on March 27. An array of Washington University in St. Louis experts offer perspectives on the plan.