Nov 14 - Nov 27 What's HotGood, Bad or Ugly -- Is It Impossible to Predict What's Ahead for the U.S. Economy? At the end of October, the Federal Reserve gave the financial markets just what they had been asking for: a 0.25% cut in the federal funds rate. But in early November, stocks plunged and the dollar hit a new low. Applause turned into hand-wringing -- then back to applause as the markets rebounded in the middle of the month. Why can't the experts make up their minds? Is the outlook good or bad? According to Wharton faculty, forecasting is particularly hard now because some of the key factors -- such as the credit crunch arising from the subprime mortgage mess, spiking oil prices and the plunging dollar -- have little historical precedent. The result: Finance experts, including the Fed, may not be able to see too far down the road. http://knowledge.wharton.upenn.edu/article/1842.cfm Innovation and Entrepreneurship (Podcast with Transcript) Innovation Networks: Looking for Ideas Outside the Company According to Larry Huston, managing partner of consulting firm 4INNO, future competitive advantage will depend on "innovation networks" -- individuals and organizations outside a company that can help it solve problems and find new ideas for creating growth. A senior fellow at Wharton's Mack Center for Technological Innovation, Huston was vice president of knowledge and innovation for many years at Procter & Gamble, where he was the architect of its Connect + Develop program, an approach that helped extend the company's innovation process to include 1.5 million people outside of P&G. Huston spoke with Knowledge@Wharton about how innovation networks function. http://knowledge.wharton.upenn.edu/article/1837.cfm Marketing The Holiday Shopping Outlook: I Saw Mommy Dissing Santa Claus When Wal-Mart starts its holiday markdowns three weeks before Thanksgiving, you know it will be a tough Christmas season. The Arkansas-based discount chain, a bellwether for U.S. retailing, usually holds off on its "door buster" sales until the day after Thanksgiving, traditionally the year's busiest shopping day. This year, Wal-Mart decided that it couldn't afford to wait. No wonder, say scholars at the Wharton School and retail analysts. A host of economic worries -- plus concerns over toy recalls -- has this year shaping up to be a lump-of-coal shopping experience. Here is what retailers -- and shoppers -- can expect. http://knowledge.wharton.upenn.edu/article/1838.cfm Law and Public Policy Polling the Polling Experts: How Accurate and Useful Are Polls These Days? Turn on the Internet, pick up your telephone or cell phone, read a newspaper or watch television: No matter what the communication vehicle is, polls and the reporting of poll results are ubiquitous. Yet how accurate are polls? Can they be manipulated? How do the Internet and the proliferation of cell phone users affect both marketing and political polls? And which polls are the most reliable? Knowledge@Wharton interviewed the experts. http://knowledge.wharton.upenn.edu/article/1843.cfm Finance and Investment Lloyd Blankfein and Ken Moelis on Wall Street Risks, Rewards and Opportunities When Merrill Lynch reported solid second-quarter earnings last July, chairman and CEO Stan O'Neal sent employees a memo boasting about the firm's risk management prowess. Only three months later, Merrill Lynch took its historic $8.4 billion write-down for losses in mortgage-related securities, with Citigroup and others soon reporting unprecedented credit losses as well. If the capital markets are models of efficiency, it is fair to ask, how could such staggering losses happen? Two Wall Street titans -- Lloyd Blankfein, chairman and CEO of Goldman Sachs, and Kenneth Moelis of Moelis & Co. -- addressed that question at the recent Wharton Finance Conference in New York City. http://knowledge.wharton.upenn.edu/article/1844.cfm Managing Technology Google: In Search of Itself In a span of four days earlier this month, Google launched an initiative to enable social networking tools to work across dozens of web sites and rounded up 33 partners to develop software to power a new generation of cell phones. While these efforts illustrate Google's determination to keep expanding its territory, they also increase the challenges faced by the $200 billion company. And they pose a question that seems to crop up more and more these days: Where is Google headed? http://knowledge.wharton.upenn.edu/article/1839.cfm Strategic Management Does Knowledge Sharing Deliver on Its Promises? For nearly two decades, consulting firms, technology companies, R&D-driven corporations and other knowledge-intensive organizations have made significant investments in "knowledge management" initiatives. These initiatives are intended to facilitate the capture and transfer of company expertise as a way to spur learning and innovation. But research by Wharton management professor Martine Haas and a colleague indicates that knowledge sharing efforts often fail to result in improved task outcomes inside organizations -- and may even hurt project performance. Their research is presented in a paper titled, "Different Knowledge, Different Benefits: Toward a Productivity Perspective on Knowledge Sharing in Organizations." http://knowledge.wharton.upenn.edu/article/1841.cfm Executive Education From Pastor to Executive: Equipping Faith Leaders for Economic Development "One thing that makes my heart beat is the smell of drywall," says Pastor T.L. Rogers, whose Maryland-based congregation once turned a strip mall into a church complex. Having completed that renovation, his church is now thinking about even bigger projects. But for Rogers, whose advanced degree is in Bible studies, meeting with bank executives can be a challenge. "Finance is a whole different language," he says. "They use acronyms I've never heard of." Rogers and others will take part in a new Wharton executive education program to teach pastors the financial skills they need to carry out economic development projects in their local communities. http://knowledge.wharton.upenn.edu/article/1840.cfm _________________________________________________________________ Articles from Around the Network China Knowledge@Wharton Sourcing in China: Behind the Media Frenzy, There Is Much to Explore http://www.knowledgeatwharton.com.cn/index.cfm?fa=viewfeature&articleid=1739&languageid=1 Universia Knowledge@Wharton Where Are Spanish Companies Headed? http://www.wharton.universia.net/index.cfm?fa=viewfeature&id=1436&language=english India Knowledge@Wharton Return to India: One Family's Journey to America and Back http://knowledge.wharton.upenn.edu/india/article.cfm?articleid=4236 Knowledge@SMU Do Software Development Projects Dispersed Across the Globe Deliver the Goods? http://knowledge.smu.edu.sg/index.cfm?fa=viewfeature&id=1105 Knowledge@W. P. Carey Supply Management: A Changing Industry in a Rapidly Changing World http://knowledge.wpcarey.asu.edu/index.cfm?fa=viewfeature&id=1498 Knowledge@Emory Understanding the Role Wine Critics Play in Influencing Prices http://knowledge.emory.edu/index.cfm?fa=viewfeature&id=1093 _________________________________________________________________
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