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Emerging Business Models: Conscious Capitalism and Peace through Commerce
If globalization is considered the most challenging development of modern times then bioterrorism may be its most pressing concern. Increasingly, the connections between health, development and security are becoming clear. The advances in biotechnology, directed toward improving health status, facilitate the reality of bioterrorism, directed toward destroying quality of life and security. Bioterrorism, which involves…
Empiricism and Rationalism in Economics
Empiricism and Rationalism are two schools of philosophy, dating back to the ancient Greeks, dealing with how we obtain our knowledge of the external world. For Empiricists, such as Aristotle, this is best done through the evidence of our senses, that is, through empirical observations and experiments. For Rationalists, such as Plato, however, our senses…
Words of Wisdom: Steve Jobs’ Commencement Address
Steven Paul Jobs was born in 1955, co-founded Apple Computers in 1976, and died in 2011 at the age of 56, following a long battle with pancreatic cancer. As CEO of Apple, he was one of the greatest visionaries in the history of American business. Under his leadership, Apple developed a culture of innovation that…
Is the U.S. National Debt Excessive?
As the recent tapering of the Fed purchases of government and mortgage-backed securities indicates, the efficacy of monetary policy in stimulating the US economy has started to face diminishing returns. Indeed, much of the 3.4 trillion dollars of new money pumped into the economy by the Fed over the past six years in response to…
No More Black Box Approach to Teams: Blending Team Diversity and Task Structure to Increase the Efficacy of Teamwork
There are various ways to classify and examine diverse attributes in teams as such diversity (team diversity) reflects a variety of demographic, cultural, experiential, and personal differences that individual members possess which in turn influences team processes and outcomes. For example, observable individual differences and underlying personal attributes are often used to examine various outcomes…