In a concentrated, continuing effort to link Washington University in St. Louis academic research to everyday business practice, the 10th annual Olin Award recognizes an Olin Business School faculty member who joined two University of Pennsylvania professors in crafting a computer model to guide managers who need to forecast behaviors of newly acquired customers.
Election Day is difficult for many political candidates. But it’s no picnic for their supporters either. A new study co-authored by Olin Business School’s Lamar Pierce, PhD, shows just how tough election days can be. The study finds that winning elections barely improves the happiness of those from the winning political party.
Good team work means not trusting each other too much.There’s no denying that trust is essential in a healthy work place. It’s expected that you trust your co-workers and your boss. And you hope that your boss and peers trust you. Common wisdom is that trust brings numerous benefits: it improves communication, raises group performance, reduces conflict, and provides greater job satisfaction. However, a recent study by a professor at the Olin School of Business at Washington University in St. Louis found that too much trust could actually be bad for business…when it comes to working on team projects.
ZengerIt takes more than a firm handshake to guarantee trust in any business relationship that’s going to last. In empirical research recently published in Strategic Management Journal, Olin School of Business Professor of Organization and Strategy Todd R. Zenger completed an in-depth survey of senior corporate managers that confirms his suspicions about the importance of contracts in generating trust.