http://knowledge.wharton.upenn.edu/ Knowledge@Wharton is an online resource that offers the latest business insights, information, and research from a variety of sources. Content includes analysis of current business trends, interviews with industry leaders and faculty, articles based on the most recent business research, book reviews, conference and seminar reports, and links to other websites. en-us Copyright (c) 2009 The Wharton School of the University of Pennsylvania http://www.wharton.upenn.edu/faculty/chatain_olivier.jpg http://www.wharton.upenn.edu/faculty/ 125 45 Wharton Faculty Research Strategic Management http://knowledge.wharton.upenn.edu/article.cfm?articleid=2293&source=rss When developing business strategies, it is wise to think about "frictions," the forces that make it difficult for buyers and sellers to connect. Those elements -- location, convenience or lack of information -- help explain how different firms, such as a small local retailer and a national store, can coexist in the marketplace, according to research by Wharton management professor Olivier Chatain and an INSEAD colleague. Wed, 22 Jul 2009 15:41:58 EST Law and Public Policy http://knowledge.wharton.upenn.edu/article.cfm?articleid=2231&source=rss The global financial crisis is reshaping many businesses -- and tradition-bound, top-drawer law firms are no exception. While the legal industry had begun to face the need for change before the current economic downturn, the crisis is accelerating trends that will alter the structure and operations of law firms going forward. Wed, 29 Apr 2009 14:19:24 EST