Category: Business News

Developing a Winning Performance Management Process

“Employees who believe that management is concerned about them as a whole person — not just an employee — are more productive, more satisfied, more fulfilled. Satisfied employees mean satisfied customers, which leads to profitability.” -Anne M. Mulcahy, Former CEO of Xerox Corporation Companies work best when their employees perform at high levels, find motivation and… Read more »

What Is Managerial Economics?

For any business to truly gain a competitive edge, integrating managerial economics into its decision-making process is essential. Managerial economics, according to Mark Hirschey and Eric Bentzen, is the study of how economic forces affect organizations and how their leaders can use economic principles to achieve optimal outcomes. Found everywhere from large corporations to nonprofits,… Read more »

Pros and Cons of Personality Tests for Employment

“Employees are a company’s greatest asset — they’re your competitive advantage.” –Anne M. Mulcahy, former CEO, Xerox Corporation The right hiring decisions can truly define a company. In an effort to build top-quality workforces, human resource departments are increasingly turning to advanced tools such as personality tests to aid them in their hiring decisions. In… Read more »

Developing a Talent Management Process and Strategy

“Talent is the multiplier. The more energy and attention you invest in it, the greater the yield. The time you spend with your best is, quite simply, your most productive time.” –Marcus Buckingham, author of First, Break All the Rules: What the World’s Greatest Managers Do Differently Talent management is an emerging approach to human resources… Read more »

Bigger, Better, Bolder: How Austin Brings Texas Flair to Startup Culture

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The buzz about the startup culture in Austin is making it one of America’s fastest growing cities. From 2010 to 2015 its population grew significantly, a total of 8.2 percent according to census estimates. The city’s tech startup scene is certainly one of the major reasons for the growth, as aspiring entrepreneurs choose Austin as… Read more »

5 Popular Employment Personality Tests

Personality tests are an increasingly popular tool for companies to evaluate potential job candidates. These tests allow employers to identify a candidate’s personality traits, tendencies and work styles, which in turn assists them in making smarter hiring decisions. While no single personality test can offer all the candidate information a company may desire, a number… Read more »

Revenue Models: The Business of Driving the Bottom Line

To ensure the economic viability of a company, a business needs to create a revenue model suited for its specific industry. This model must produce income that leads to profitability. The purpose of a revenue model is to project cash flow, forecast revenue estimates and communicate the company’s value proposition. This process is ongoing and… Read more »

From Fun to Fit: Gamification in Healthcare

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Gamification, or the practice of applying game-like elements to non-game contexts or problems, is becoming increasingly prominent across a variety of industries, and healthcare is no exception. Aided by the rise of technology, gamification offers both patients and providers novel ways to promote positive health. The Benefits of Healthcare Gamification “Game-play focuses and controls our attention,”… Read more »

The Hidden Benchmark of Economic Growth: A Primer to Understanding Total Factor Productivity

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While many aspects of America’s economic health are discussed at length in the public arena, total factor productivity (TFP) is often overlooked. Yet exploring TFP can be crucial to understanding an economy’s vigor — and its future. Defining Total Factor Productivity Found in the equation for determining the gross domestic product (GDP), TFP can be defined… Read more »

5 Reasons Why Every Aspiring Entrepreneur Must Get an MBA

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According to the Kauffman Index of Entrepreneurial Activity, 280 out of 100,000 adults started/opened their own business every month in 2013. While there was a slight decline in the business creation rate from that of 2012, the key takeaway was that more and more Americans felt encouraged to start a business in the current economic… Read more »