Social responsibility of business takes center stage in Danforth Lecture Series final installment

The fact that corporate leaders recognize their industries’ role in social responsibility is not new, but there are relatively few examples that clearly connect this failure to respond with negative changes. One of the best examples is the pharmaceutical giant Merck, which was led by P. Roy Vagelos during a pivotal era in the industry’s history. Vagelos will explore these examples in detail for his talk on “The Social Responsibility of Business” to be held at 4 p.m. Nov. 13 in Graham Chapel.

Business school students work out plan for biofuels in undeveloped countries

Photo courtesy R. K. Henning and D1 Oils; www.jatropha.orgJatropha plantsDuring a practicum for the World Agricultural Forum, Washington University M.B.A. students realized that using ethanol as an alternative fuel in developing countries isn’t cost effective. Instead, they stumbled upon the jatropha plant, a hardy shrub with seeds that can easily produce oil to power basic generators. The students’ work demonstrated the potential for economic stability that jatropha could offer small villages. More…

Firstborns — under the right circumstances — more likely to be creative

Expectant parents eagerly await the arrival of their bundle of joy, hoping that they will have the most beautiful and intelligent baby in the world. While parents might not have direct control over brains and looks, new research from a business professor at Washington University in St. Louis finds that parents can influence their firstborn’s creativity. More…

The Olin Cup business competition allows populace participation in judging semi-finalists

The Olin Cup Competition, the annual business formation contest at Washington University in St. Louis, is taking the contest to the people. On Thursday, Nov. 9 at 6 p.m., fourteen semi-finalists will present their business proposals in an “elevator pitch” first to a panelist of judges and then for an audience. Audience members will then vote on which pitch should win.

Exploring the social responsibility of business: Final Danforth Lecture features former head of Merck

Vagelos will explore these examples in detail for his talk on “The Social Responsibility of Business” to be held at 4 p.m. Monday, November 13, in Graham Chapel. The program will also feature a panel discussion featuring Washington University-associated business experts. It is the final installment of the Danforth Lecture Series.

Female M.B.A. students aim to increase their numbers in b-school and the workplace

Medical and law schools have seen the percentage of women enrolled grow steadily over the past 20 years, to the point that women frequently represent at least half of most classes. Business schools have yet to catch up with this trend but the Olin School of Business is pioneering the way for women to increase their numbers in MBA programs. More than 800 people are expected to attend the National Association of Women MBA’s annual conference and career fair in early November at WUSTL. This event comes after Olin’s admission to the Forte Foundation, a consortium dedicated to promoting women in business.

Pharmaceutical industry wastes $50 billion a year due to inefficient manufacturing

The pharmaceutical industry could be wasting more than $50 billion a year in manufacturing costs alone, costs that could translate in to lower prices or greater research and development – according to findings of the largest empirical study ever performed of pharmaceutical manufacturing and the Food and Drug Administration monitoring policies. More…
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