competition

Low quality threatens the high end.What company wouldn’t attribute its profits to the quality product it produces? The answer might be: the company that competes on price. According to research from Washington University in St. Louis, producers of lower quality products actually have better prospects for gaining market share and improving their bottom line. The findings indicate the Chinese manufacturers could easily gain an edge over American producers. More…

On May 10 at 5:30 p.m., at Washington University — Hilltop Campus, Simon Hall, May Auditorium, the winners of the first-ever Social Entrepreneurship and Innovation Competition will be named. More than $100,000 is available to winners in different categories.

Thursday, March 30 at 5 p.m., the finalists will be announced for the Social Entrepreneurship and Innovation Competition, co-sponsored by Washington University and the YouthBridge Association. The event features Theresa Wilson, founder of The Blessing Basket, as a keynote speaker. Currently there are 14 semi-finalists. The finalists will be selected based on their two-minute presenations about their projects. The event takes place in May Auditorium in Simon Hall on the Washington University Hilltop Campus.

Businesses today are turning to quantifiable analysis to map strategies. According to a professor at the Olin School of Business, companies can address specific problems in a scientific way by using basic principals of game theory.

Good pollinators wantedMother Nature could use a few more good pollinators, especially in species-rich biodiversity hotspots, according to a new study in the Proceedings of the National Academy of Science (PNAS online, Jan. 16, 2006). Jana Vamosi, Ph.D, postdoctoral associate at the University of Calgary and Tiffany Knight, Ph.D., assistant professor of biology in Arts & Sciences at Washington University in St. Louis, and their collaborators have performed an exhaustive global analysis of more than 1,000 pollination studies which included 166 different plant species and found that, in areas where there is a great deal of plant diversity, plants suffer lower pollination and reproductive success. For some plant species, this reduction in fruit and seed production could push them towards extinction.

Two teams of entrepreneurs have won Washington University’s 2005 Olin Cup. Somark Innovations, Inc. and iMobile Access Technologies, or iMAT, will receive a total of $70,000 in seed funding for their enterprises. An additional $5,000 grant for student projects will be split between two winners: HomeWUrk and Suzanne Shenkman Designs. The awards were announced Dec. 1 at a ceremony featuring Robert J. Skandalaris, founder and chairman of Noble International.

Are humans inherently good? The prevailing view in popular and scientific literature is that humans and animals are genetically driven to compete for survival, thus making all social interaction inherently selfish. According to this line of reasoning, known as sociobiology, even seemingly unselfish acts of altruism merely represent a species’ strategy to survive and preserve its genes. But Robert W. Sussman, Ph.D., a professor of anthropology in Arts & Sciences at Washington University in St. Louis, argues that this is a narrow and simplistic view of evolutionary theory that fails to explain many aspects of sociality among mammals in general and primates in particular. In “The Origins and Nature of Sociality,” a new book Sussman co-edited, he and other researchers challenge the proponents of sociobiology. “The ‘selfish gene’ hypothesis is inadequate,” Sussman says.