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 »

5 System Development Life Cycle Phases

“A good system shortens the road to the goal.” –Orison Swett Marden, author and founder of Success magazine No field stresses the importance of a well-built system quite like computer science. Effective computer systems ensure a logical workflow, increase general efficiency and make it easier for companies to deliver high-quality products to their clients. The System… 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

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 »

Computer Science Algorithm Examples

Algorithms are essential building blocks in the practice of computer science. As written instructions that help computers operate, they ensure the accomplishment of particular functions, as well as the speed and total workability of software systems. While computer systems use many algorithms, a few in particular are notable for their significant impact. Notable Computer Science… 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 »

Competing in the Mobile Market: iOS vs. Android Development

Now, it seems, is an opportune time to join the app development market. According to the Bureau of Labor Statistics, software developer positions are projected to increase 17 percent by 2024. App developers alone earn a mean annual wage of more than $102,000. However, successfully competing in the mobile market is an endeavor that requires… 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

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 »