Business innovation is not dependent on creative people

American companies continue to grapple with staying competitive in the global economy. Increasingly, companies and business gurus are citing innovation as the key to sustaining American business’ strength. What’s not clear is what it means for a company to be innovative. Washington University business professors say the best way to infuse innovation into a company is not by hiring creative people, but by managing innovation in a systematic way. More…

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…

Business school welcomes Executive M.B.A. director

Kay Henry is the new associate dean and director of Executive M.B.A. programs. She comes to the Olin School of Business with a wealth of experience in executive and business education. Henry recently returned from Dubai, United Arab Emirates, where she spent two years as assistant dean at Zayed University’s College of Business Sciences. She spent seven years at Rice University where she developed and then directed the M.B.A. for Executives program. Henry also spent several years in Boston where she taught management communication at the Massachusetts Institute of Technology’s Sloan School of Management and ran executive programs at Harvard University’s Institute for International Development.

The Olin School of Business at Washington University in St. Louis welcomes new Executive M.B.A. director

Kay Henry joins the Olin School of Business as the new associate dean and director of Executive M.B.A. programs. She comes with a wealth of experience in executive and business education. Henry recently returned from Dubai, United Arab Emirates, where she spent two years as assistant dean at Zayed University’s College of Business Sciences. She spent seven years at Rice University where she developed and then directed the M.B.A. for Executives program. Henry also spent several years in Boston where she taught management communication at the Massachusetts Institute of Technology’s Sloan School of Management and ran executive programs at Harvard University’s Institute for International Development.

Social Entrepreneurship and Innovation Competition kicks off with more than $100,000 in awards for social ventures

The 2007 Social Entrepreneurship and Innovation Competition (SEIC) will kickoff its second year on Thursday, September 28 at 5:30 p.m. The celebration will take place on the Danforth Campus of Washington University in Uncas A. Whitaker Hall, and will feature a presentation by Timothy Hanser, vice-president of community outreach and director of Cardinals Care, the team’s community foundation. The SEIC is helping people in St. Louis cause social change. It provides funding and education for social entrepreneurs who develop solutions that solve social issues. Awards totaling more than $100,000 are available to winners under a variety of categories.

Rankings of WUSTL by News Media

Below is a link to the Washington University news release about the U.S. News & World Report undergraduate rankings for 2004-05: http://news-info.wustl.edu/news/page/normal/3627.html To view a full listing of U.S. News magazine, book and Web-only rankings for 2004-05, please visit the U.S. News & World Report site: http://www.usnews.com/usnews/edu/college/rankings/rankindex_brief.php

Rankings of WUSTL by News Media

Below is a link to the Washington University news release about the U.S. News & World Report undergraduate rankings for 2004-05: http://news-info.wustl.edu/news/page/normal/3627.html To view a full listing of U.S. News magazine, book and Web-only rankings for 2004-05, please visit the U.S. News & World Report site: http://www.usnews.com/usnews/edu/college/rankings/rankindex_brief.php

Golf handicapping: good for the strong, not the weak

Research indicates that the system for computing golfers’ handicaps favors strong, steady players. The professor will present his findings on Friday, September 15. 10:30 a.m., at the Charles F. Knight Center on Washington University’s campus. The lecture is sponsored by the Boeing Center for Technology, Information and Manufacturing at the Olin School of Business.

Restating earnings hurts the company itself, and its peers

When one company restates earnings, best to see what its peers are up to.No company wants to issue an accounting restatement; it’s a guaranteed way for the share price to drop 10 percent, on average. Investors, analysts and journalists alike view restatements as an indication of a problem within the company. As it turns out, restatements indicate that there is value in looking at its industry peer firms. More…

It’s the wave of the future: The economy thrives, but the employment rate doesn’t

Recovering from a recession doesn’t include the entire economy.The “jobless recovery” that befuddled observers after the recession in the early 2000s was no fluke. It’s actually a pattern that we can expect to continue thanks to technology’s uneven impact across sectors of the economy. What’s more, this new trend in business cycles is as important in making policy decisions as it is in ensuring the stability of the country’s economy. More…
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