Teams often need to adapt to planned discontinuous task change or fundamental alteration of tasks, tools, and work systems. Although team adaptation theories have made substantive progress in explaining how teams can respond to change, they have not adequately considered the unique impact that discontinuous task change can have on teams. Such change can render not only collective but also individual task capabilities obsolete and necessitate a multilevel task relearning process. Drawing on the team compilation model, we suggest that adaptation to discontinuous task change is akin to team (re)development.
Virginia’s rapid population growth over the past three decades has been uneven, creating demographic winners and losers, and masks several demographic headwinds that will constrain future growth and competitiveness if left unaddressed, including slowing rates of total and foreign-born population growth, white population decline, deaths of despair, and declining labor force participation among prime working age males and females in the state.
A panel recap from last month's Future of Digital Assets Symposium analyzed how fintech may be able to help create a more inclusive financial system.
Plastic is used in products across nearly every consumer goods sector, but plastic goods carry large negative external costs. Individuals may ask what power they have to create change, but history shows they can use their power as consumers.
Rodney E. Hood, National Credit Union Administration board member, discusses recent ESG-related legislation and the role governments can play during a panel at the February 2023 Frontiers of Business Conference.
UNC-Chapel Hill Professor Kurt Gray discusses how research can help us understand – and navigate – our rapidly changing professional and social lives.
Kenan Institute Distinguished Fellow Thomas Stith, North Carolina Community College System President Jeff Cox and Capgemini’s Jennifer Paylor discuss workforce skills and the economy.
The year ahead is full of economic uncertainty, but institute Chief Economist Gerald Cohen knows that some topics will be in the thoughts of many business leaders and policymakers. Find out five trends he has in mind.
The Kenan Institute and Fifth Third Bank will present insights from our new collaboration, “Empowering American Cities,” at a breakfast Tuesday, June 25, in Charlotte.
In online service marketplaces, supply-side thickness - the number of providers - is widely believed to be crucial for facilitating matches, i.e., transactions between providers and customers. The empirical literature generally supports this view, providing evidence for the hypothesis that market thickness increases matches, albeit at varying rates. This support is typically obtained in contexts with a passive seller listing where all sellers are readily listed for customers. Distinctively, our study empirically examines an online marketplace where providers are active, meaning they must take an action to be listed.
We consider the problem of allocating a single type of resource with limited supply to distinct groups, each with a finite population and characterized by unique reward and arrival rate. We consider both deterministic and stochastic settings.
We study a multi-armed bandit problem with dependent arms. The decision maker dynamically chooses an arm out of finitely many arms to maximize her total expected discounted net benefit over an infinite time horizon. Pulling each arm incurs a particular cost and provides a certain reward. Arms' rewards are dependent on each other through a common parameter unknown to the decision maker. Thus, by pulling one arm, the decision maker also collects information about the other arms.
Building on the literature in linguistics showing that the manner in which individuals speak provides context incremental to the actual spoken words, we study whether uncertainty expressed via the acoustic features of managerial speech in conference calls impacts analyst behavior. Using a novel measure of managerial acoustic uncertainty, we find that when managers sound more uncertain in their responses to analyst questions, analyst forecast dispersion increases, even after accounting for characteristics of the actual language being used by managers and analysts.
We study the problem of dynamically assigning jobs to workers with two key aspects: (i) workers gain or lose familiarity with jobs over time based on whether they are assigned or unassigned to the jobs, and (ii) the availability of workers and jobs is stochastic. This problem is motivated by applications in operating room management, where a fundamental challenge is maintaining familiarity across the workforce over time by accounting for heterogeneous worker learning rates and stochastic availability.
...other leading academics as well as private sector leaders and policymakers, the Initiative will build a reputation in a few key areas that are most critical for future economic growth....
In its original conception the Kerr Tar Hub was broadly envisioned as a tech-intensive, locally driven regional park potentially providing a wide variety of infrastructure and service offerings intended to attract and support the location of emergent firms from within selected RTRP targeted industries.
Our goal in this report is to assess the demographic and economic impacts of immigrants or the foreign-born on North Carolina regions, counties, and communities as well as The State as a whole.
The scholars presented summaries of their research to a full room at the Kenan Center on Wednesday, December 6. In all, audience members learned about nine projects, from measuring the cost of renewable energy options to determining whether a farm machinery company’s products are suited to the agricultural environment of Zambia.
On January 18-19, 2018, the Frank H. Kenan Institute of Private Enterprise and its affiliated Center for Entrepreneurial Studies will convene a highly curated group of 100 thought leaders to discuss leading-edge research on private business ventures and explore ways to sustain and advance entrepreneurship.
This article examines the capability antecedents of firm entry into nascent industries. Because a firm's technological investments in nascent industries typically occur before market entry, this study makes a distinction between firm capabilities at the time of market entry and at the time of initial investment.