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/winter_sidney.jpg http://www.wharton.upenn.edu/faculty/ 125 45 Wharton Faculty Research Finance and Investment http://knowledge.wharton.upenn.edu/article.cfm?articleid=2234&source=rss A sense that they failed to see the financial crisis brewing has led to soul searching among many economists. While some did warn that home prices were forming a bubble, others confess to a widespread failure to predict the damage the bubble would cause when it burst. Some economists are harsher, arguing that a free-market bias in the profession, coupled with outmoded and simplistic analytical tools, blinded many of their colleagues to the danger. A recent paper from a conference of economists calls for changes in the way they are trained. Wed, 13 May 2009 16:53:27 EST Leadership and Change http://knowledge.wharton.upenn.edu/article.cfm?articleid=2145&source=rss As the global economic crisis continues, politicians and investors are escalating calls for new regulatory scrutiny of financial markets. After decades of a cat-and-mouse game between the industry and regulators, Wharton faculty say&nbsp;a dramatic overhaul of the Depression-era regulatory system is needed. At the same time, they warn that meaningful reform will be enormously complex and require long and careful consideration, not a quick fix to appease voters looking to place blame for the meltdown. Wed, 21 Jan 2009 16:32:55 EST Leadership and Change http://knowledge.wharton.upenn.edu/article.cfm?articleid=2065&source=rss The new president's job, says one Wharton professor, &quot;will be as hard as any job any person has ever had.&quot; For the 44^th president of the United States, extraordinary managerial and cognitive abilities will be needed to tackle unprecedented challenges, including wars being waged in two countries and a financial system on the verge of collapse. Wharton and University of Pennsylvania faculty members offer their views on which leadership qualities will be most important over the next four years, and why. <em>This article is the third in a series about economic and leadership issues focusing on the November 4 election.</em> Wed, 01 Oct 2008 17:54:21 EST Managing Technology http://knowledge.wharton.upenn.edu/article.cfm?articleid=2024&source=rss Despite warnings of a bubble, investors and entrepreneurs see long-term promise for firms that make efficient technology and alternative energy. Unlike the vaporware of the tech bubble that burst in 2001, these technologies are up, running and proven, say participants at a recent conference sponsored by Wharton's Mack Center for Technological Innovation. Wed, 06 Aug 2008 17:31:38 EST Human Resources http://knowledge.wharton.upenn.edu/article.cfm?articleid=784&source=rss Abbott Laboratories, FedEx and Pitney Bowes did it right; Royal Dutch Shell and Monsanto missed the mark. The issue, according to participants in a recent Wharton conference entitled, “Peripheral Vision: Sensing and Acting on Weak Signals,” is how well companies are able to make sense of enormous changes in markets and technologies, and broaden their scope and vision accordingly. Part of the challenge is the ability to analyze huge amounts of data, much of it on the periphery, and determine its relevance to company strategy. Wed, 04 Jun 2003 00:00:00 EST Managing Technology http://knowledge.wharton.upenn.edu/article.cfm?articleid=761&source=rss In 2000, DaimlerChrysler AG was in crisis. The company had stumbled in integrating the operations of its predecessors and the Chrysler portion of the business was on its way to losing $1.2 billion. Karenann Terrell arrived to help lead its e-business initiatives during this time of trouble. “It’s a helluva lot easier to implement digital transformation in companies in crisis,” Terrell told participants at a May 1 conference on the Internet sponsored by the Reginald H. Jones Center and the Wharton e-Business Initiative (WeBI). Wed, 07 May 2003 00:00:00 EST Finance and Investment http://knowledge.wharton.upenn.edu/article.cfm?articleid=657&source=rss In addition to the reforms that have surfaced in response to recent corporate scandals, deeper changes in corporate governance – many of them focusing on a longer time horizon – are necessary to avoid the missteps of the recent past. This was the consensus of experts on regulation, executive compensation and ethics who participated in a panel titled “What Governance, Who Leads? Perspectives on Routines and Norms of Corporate Governance in the U.S.” Wed, 23 Oct 2002 00:00:00 EST Managing Technology http://knowledge.wharton.upenn.edu/article.cfm?articleid=240&source=rss As many companies and individuals have learned the hard way, coming up with a new technology doesn’t necessarily mean you will reap the gains from it. What steps can you take to protect your innovation – there are four of them - and how do these strategies work in the brave new world of emerging technologies? Management professor Sidney G. Winter, one of the authors of Wharton on Managing Emerging Technologies, offers some guidance. Wed, 30 Aug 2000 13:27:51 EST Strategic Management http://knowledge.wharton.upenn.edu/article.cfm?articleid=34&source=rss As more and more companies share what they know to enhance their competitive advantage, they are beginning to recognize the value of knowledge management. At Wharton, the Reginald H. Jones Center for Management Policy, Strategy and Organization explored these themes in a conference on Creativity and Knowledge Creation. The proceedings offer insights into the theory and practice of knowledge management. Wed, 23 Jun 1999 08:00:00 EST