Mg-Ed-Dv-ers,
You might have students read the strategic management article below.
FREE is a great price.
Cybercollaborating,
Charles Wankel
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Knowledge@Wharton Newsletter
http://knowledge.wharton.upenn.edu
October 10-23, 2001
What's Hot
In Bush's Economic Stimulus Package, Timing Is Key
As the U.S. economy continues to feel the aftershocks of the terrorist
attacks on Sept. 11, the focus now is on how to turn around the ensuing
recession. The effect of President Bush's recently proposed economic
stimulus package is difficult to gauge given that consumer and corporate
spending remain so unpredictable. Experts agree, however, that the
timing of the stimulus will have a major impact on its success or
failure.
http://knowledge.wharton.upenn.edu/whatshot.cfm
Finance and Investment
Japan's Economic Outlook Remains Gloomy But Opportunities Exist for
Investors
Japan's stock market - and its economy - have been in a dismal state
since the beginning of the 1990s. The Sept. 11 terrorist attacks in New
York and Washington made matters worse, pushing the country into what
analysts say is Japan's fourth recession in a decade. But Wharton
faculty and outside market analysts add that some sectors of the
Japanese economy should be attractive for long-term investors.
http://knowledge.wharton.upenn.edu/articles.cfm?catid=1&articleid=445
Strategic Management
What Webvan Could Have Learned from Tesco
Webvan, the ambitious online grocer, once bragged that it would set a
new standard for Internet retailing. As most people now know, for all
its hubris the company has turned out to be one of the dot-com economy's
most spectacular failures. After burning its way through $1.2 billion in
capital, it declared bankruptcy in July. But does Webvan's collapse mean
that shoppers dislike buying groceries online? For a part of the answer,
look across the Atlantic to a Britain-based supermarket chain called
Tesco. Its online arm, Tesco.com, will probably have revenues of $420
million this year.
http://knowledge.wharton.upenn.edu/articles.cfm?catid=7&articleid=448
Finance and Investment
Is Behavioral Finance a Growth Industry?
Can psychology really help us understand financial markets? Yes, say
many academics. The subdiscipline of behavioral finance - which argues
that investors are not as rational as traditional theory assumes and
that their biases can affect asset prices - has gained ground over the
past five years. Although behavioral finance attracts powerful
criticism - and at times is clearly been oversold -- it seems to be
growing up. Experts at Wharton and other business schools provide some
perspectives.
http://knowledge.wharton.upenn.edu/articles.cfm?catid=1&articleid=444
Health Economics
Prescription Drug Coverage for Seniors Faces Uncertain Future
Less than a year ago, in the heat of the presidential campaign, it
seemed almost certain that Medicare would undergo a major transformation
that would provide prescription drug coverage to the program's 40
million seniors. But that was before an economic slowdown and the Sept.
11 terrorist attacks. Now there are new, more urgent priorities and it's
unclear just when the debate over drug coverage will again get underway.
http://knowledge.wharton.upenn.edu/articles.cfm?catid=6&articleid=442
Public Policy and Management
Are Government Bailouts Bad Business?
Even the most cold-hearted free-marketer would concede the airlines got
a tough break in the two-day grounding after the terrorist attacks. No
manager could have been expected to anticipate events on the scale of
Sept. 11, or to set aside enough money to cover the revenue shortfalls
that followed. So a government bailout is a reasonable response, right?
Not necessarily, say those who have studied past examples of government
bailouts.
http://knowledge.wharton.upenn.edu/articles.cfm?catid=9&articleid=446
Finance and Investment
The Man Who Made Wall Street Finally Gets Credit
When a book is entitled The Man Who Made Wall Street, you just don''t
expect the sub-title to read: Anthony J. Drexel and the Rise of Modern
Finance. Yet according to author Dan Rottenberg, the much more famous J.
Pierpont Morgan never made a move without consulting Drexel, a
Philadelphia banker who was as publicity-shy as he was shrewd. The way
Rottenberg sees it, there''s no limit to how much you can accomplish, if
you don''t care who gets the credit.
http://knowledge.wharton.upenn.edu/articles.cfm?catid=1&articleid=441
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