Why High-Tech Firms Can’t Afford to Ignore Patents

In many industries, firms eager to capture gains from their innovations are filing patent applications at an unprecedented rate. At the same time they are struggling to keep up with accelerating development cycles, shrinking lead times and changing legal interpretations. A recent Wharton conference on “Managing Knowledge Assets: Changing Rules and Emerging Strategies,” addressed some of these issues and asked the key question: What are … [ Read more ]

Forecasting in Conflicts: How to Predict What Your Opponent Will Do

J. Scott Armstrong is a marketing professor at Wharton and author of the recent book, Principles of Forecasting. In the article that follows, he talks about his research into role-playing as a tool for leaders in both business and government who face crucial decisions in situations ranging from military clashes to marketing challenges.

The Struggle for Economic Growth in Africa

African nations are in desperate need of investment capital to jump-start economies that lack such basic infrastructure as roads, railways and electric power. This was the message from three African leaders in Philadelphia last month to attend the biennial summit of the Corporate Council on Africa. In a discussion moderated by James Harmon, former chairman of the Export-Import Bank, African officials offered a blueprint to … [ Read more ]

Why Job Searching is the Second Most Popular Activity on the Internet

With more than 20 million people registered on the monster.com job search site, it’s clear that we are a workforce on the move. In a recent executive education session, Peter Cappelli, director of Wharton’s Center for Human Resources, explained how a dramatically different labor market is changing not just the way people are hired and fired, but how they view their jobs, their employers and … [ Read more ]

What’s Next for India: Leading Change in an Age of Uncertainty

Can the world’s largest democracy hold on to its competitive advantage in information technology while meeting the basic needs of its population? That was the major question before participants of the sixth annual Wharton India Economic Forum, which formed part of the Wharton 2001 Global Business Forum. In contrast to past years, this year’s discussions seemed to be firmly grounded in bottom-line reality.

Latin America’s Tendency to “Tolerate Inadequacy” Hinders Reform

When Enrique V. Iglesias looks at the present state of Latin American nations, he sees a glass that is “forever half full and half empty.” The president of the Inter-American Development Bank told an audience at the 2001 Global Business Forum that, despite progress in lowering inflation, increasing trade and introducing democratic governments, too many inefficiencies still remain in too many sectors of the economy. … [ Read more ]

Reading the Signals: Janet Hanson, Founder of 85 Broads, on Networking and Success

Janet Hanson, 14-year veteran of Goldman Sachs and founder of investment advisory firm Milestone Capital, described her rocky but ultimately victorious road to success at the Wharton Women in Business Conference held earlier this month. Later in the day a panel of women in international management positions talked about the cultural challenges that still confront businesswomen both here and abroad.

Oh, the Games Enron Played

The dramatic disintegration of Enron has left a lot of people wondering how this huge, publicly-traded company could have fallen so far so fast. Wharton faculty and others help explain what went on behind the scenes at Enron, where it is now clear that management exploited loopholes in accounting procedures and created questionable partnerships involving top company officials, among other tactics.

Oh, the Games Enron Played

The dramatic disintegration of Enron has left a lot of people wondering how this huge, publicly-traded company could have fallen so far so fast. Wharton faculty and others help explain what went on behind the scenes at Enron, where it is now clear that management exploited loopholes in accounting procedures and created questionable partnerships involving top company officials, among other tactics.

From Consolidation to Regulation FD: Financial Services Face a Major Upheaval

In discussing the state of the financial services industry, it’s hard not to reference the events of Sept. 11. Yet even before that day, the industry was undergoing a number of changes that will affect customers, employees, analysts, managers and others. These changes, and the outlook ahead, were the focus of two Wharton conferences in October (2001).

Shareholder Rights and Corporate Performance

Corporate boards have long used such techniques as poison pills and anti-greenmail to stave off hostile outsiders. But shareholders’ organizations say such anti-takeover techniques are really meant to protect bad executives. Wharton finance professor Andrew Metrick and two colleagues examine which side has the better claim.

The Evolution of B2B: Lessons From the Auto Industry

Only a few years ago, B2B exchanges were expected to completely alter conventional buyer-supplier relationships. The reality has been otherwise. Only 10% of the 1,000 B2B exchanges launched in the past 18 months are reportedly still in operation. Meanwhile, the important B2B action seems to have shifted to industry-wide exchanges run by incumbent firms, such as Covisint in the auto industry and Transora in the … [ Read more ]

Are Analysts Playing Us for Suckers?

Wall Street analysts relentlessly cheered the dot-com mania that pushed technology stocks to stunning gains in 1999. But even after those stocks went into a tailspin in 2000, few analysts urged investors to sell. Such behavior has drawn the attention of both the Securities and Exchange Commission and the U.S. Congress, which held hearings on the subject in mid-June.

CEO Encores: When Leaders Return to Bail Out Their Companies

Steve Jobs, Paul Allaire, Henry Schacht, Lawrence Bossidy, Kenneth Lay and Ted Waitt all, for one reason or another, left the top jobs at their companies only to return later when the companies ran into difficult times. Does it work to bring back former CEOs in such circumstances? What are the risks? And what does it say about the companies’ boards?

Think State-Owned Companies Are Inefficient? Look at China

For most Western observers, state-owned companies are wasteful white elephants while private enterprise sets the standard for efficiency. A look at China’s large public sector giants, however, tells a different story, according to Wharton management professor Marshall Meyer. Even China’s entry into the World Trade Organization later this year or early in 2002 will not eradicate state ownership of major Chinese companies. Meyer shares the … [ Read more ]

Do High Consulting Fees Compromise the Independence of CPA Firms?

Certified public accountants, in many people’s eyes, serve as cops on the Wall Street beat, assuring the accuracy of the financial results reported by U.S. companies. But key components of the audit process – the independence and objectivity of auditors – may be eroding because of the huge fees paid by audit clients for non-audit services.

Jack Welch

CEO of General Electric from 1981 to 2000

The Right Way – and Some Wrong Ways – to Make an Acquisition (.pdf)

Mergers, like marriages, can be made in either heaven or hell. How can companies ensure that their acquisitions work out well? While there is no golden nostrum that suits all situations, experts at GE Capital and Wharton explain a few basic principles that could greatly improve the chances of making a merger succeed.