Economists point to rural Africa, India, China and Eastern Europe as the next big frontiers for multinational corporations. But to be successful in rural developing markets, companies need to customize their approach to the local market in all aspects of their business strategies.
Management & Organization
When a company promotes a woman to its top management team for the first time, you might expect the following to happen: The company grows comfortable with women in positions of power, women perceive new career paths and the movement toward gender equity snowballs.
Join the Robert H. Smith School of Business on December 20, 2015 as we celebrate the accomplishments of our graduates at the commencement ceremony.
The ceremony will take place in the Xfinity Center at the University of Maryland’s College Park campus. Tickets for the Smith ceremony are not required.
Smith School professor Debra Shapiro started a one-year term as president of the Academy of Management during the professional association’s annual meeting Aug. 7-11, 2015, in Vancouver, British Columbia, Canada.
Companies in which employees feel empowered to solve problems on their own, rather than simply follow rules, outperform peers where that doesn't happen — and employees at such companies feel a sense of self-mastery, which improves morale. But can you create such a culture — and, if so, how? There are at least two paths to building a company of self-starters, suggests new research by Smith School professor Hui Liao. Read more...
Twitter's new CEO, Jack Dorsey, is wasting no time in making changes. This week the social networking company laid off 336 people, or 8 percent of its workforce. In his spare time, Dorsey will continue running Square, which offers software and credit card readers to retailers. How can one person serve as CEO to two companies? Smith School management professor Paulo Prochno says there are precedents. Read more...
"Core competence (as a bedrock management principle) is dead," Fast Company proclaimed in 2013. But at least one Forbes writer disagreed. “It has not died," he wrote. "It has loosened up." In an apparent nod to Forbes, a writer for "Expanding Opportunities: A Resource Guide for Maryland's Small, Minority- and Women-Owned Businesses," recently approached Smith School professor Anil K. Gupta to give strategy lessons from a "core competence" perspective. Read more...
In Tokyo this week, Toyota put journalists in a modified Lexus GS equipped with self-driving technology. On its own, the car entered a highway, drove for a bit and navigated an off-ramp. Toyota was signaling that it wasn't ceding the field to Google, Uber, Apple or any of the other American tech companies that have made it a goal to dominate the next automotive era. Smith School professors David A. Kirsch and Brent Goldfarb offer some thoughts on how the industry will be disrupted. Read more...
Four of the best students in the College Park Scholars Business Society & the Economy (BSE) program at the University of Maryland’s Robert H. Smith School of Business were celebrated on Friday, Oct. 2, 2015, at the Annual Citation Awards Ceremony.
Enterprise Entertainment: Ethics and Leadership in the Sports Industry
Date: Tuesday, Sept. 29, 2015
Time: 6 p.m.
Venue: Frank Auditorium, Van Munching Hall
The Robert H. Smith School of Business, College Park, MD