Smith Experts Assess Drug Manufacturing Risk from Natural Hazards
A July tornado that tore across the Rocky Mount, N.C., region left severe damage including to a Pfizer facility. Amid subsequent supply chain disruption, the manufacturer alerted hospitals to a list of 12 drugs available only through emergency orders “due to their high medical need,” effective “immediately and until further notice.” The disruption further prompted action from risk management expert Clifford Rossi and students in the Master of Quantitative Finance (MQF) program at the University of Maryland’s Robert H. Smith School of Business.
AI-Powered Pricing: Does It Make the Buying Experience More Fair and Equitable?
Retailers have been using artificial intelligence for a while now. There’s the rudimentary use of it to send out enticing email promotions or timely online ads that we welcome at times and find annoying at others. But retailers are also using AI to track consumers’ behavior both online and in brick-and-mortar stores. The technology is helping guide store layout, inventory levels, and pricing.
Travelers Refusing Upgrades to Sit Near Loved Ones Illustrates New Consumer Behavior Findings
This article, by Dean’s Professor of Marketing Rebecca Ratner and co-researchers Ximena Garcia-Rada and Michael Norton, was originally published at The Conversation.
Smith Researchers Address Liver Transplant Geographic Inequities
The recent overhaul of the federal policy on allocating deceased donor livers has not significantly improved geographical inequities and has led to a greater loss in viable organs, according to findings from the University of Maryland’s Robert H. Smith School of Business.
Analytics Are Key to Ending Gender Pay Inequity
Organizations often use the inexpensive and expedient approach of raising the salaries of the most underpaid women to bring about women’s pay parity with men. University of Maryland Robert H. Smith School of Business Associate Professor Margrét Bjarnadóttir says there are two reasons why this doesn’t work, “inequity isn’t usually equally spread throughout the whole organization and typically there’s a lack of well-paid women.
The Simple Act That Can Make You a Better Leader at Work and Happier at Home
Being a leader is about more than a title; it’s a mindset. And it fluctuates – people may feel more “leader-like” on some days than others. Feeling capable and confident can make leaders more successful for their organizations, so helping them feel the part every day is critical.
Retailers Can Gain From Reducing Food Waste
Even as the price of food continues to tick up and people are spending more on groceries, nearly 40% of food in the United States is being wasted – mostly by shoppers who never consume what they bought and by retailers who don’t manage to sell it.
How Companies Can Capitalize on Free Outside Knowledge
New enterprise software investments can lead to big benefits for firms by enabling business process innovations, but implementation is notoriously difficult. Having IT professionals with the right combination of both technical and business process knowledge is critical to a quick and successful adoption.
Why Outsourcing Sales Could Be the Key to Surviving a Hit to Demand
How do companies fare when demand for their products suddenly drops off? It’s a question many industries could face this year, as inflation continues in a tight labor market. Looking at a past demand shock has some answers, finds new research from the University of Maryland’s Robert H. Smith School of Business.
When the Award Goes to … Someone Else
In new research in the Academy of Management Journal, Hui Liao and her co-authors look at how the experience of almost winning impacts the performance of nominees, specifically their collaboration with others.