When a business model innovation (BMI) appears, incumbent firms experience great uncertainty about its potential ramifications and their capacity to assimilate the new business model. To resolve such uncertainty, incumbents seek to learn from industry peers, which can spark organizational herding. Organizational herding in BMI contexts is distinct, relative to product/technology adoption contexts, because in addition to peer behaviors, incumbents actively attempt to evaluate peer outcomes, and the importance of peer behaviors and outcomes likely vary, both over time and across types of peers.
More than four years since the start of the COVID-19 pandemic, we examine the essential elements that build small-business resilience, emphasizing the importance of personal fortitude and intangible resources in ensuring business survival.
Taylor, who took on P&G’s top leadership role in 2015, shared his vision for transforming the venerable personal products giant into a leaner and more responsive company.
As we approach the one-year mark of state-issued stay-at-home orders, the short- and long-term impact of the global COVID-19 pandemic on state coffers is still being assessed. With businesses forced to close and unemployment at near-record levels, state policymakers are scrambling to find ways to make up for lost tax revenue. In this Kenan Insight, we look at both the challenges and opportunities for balancing state budgets in light of this new economic reality.
Greater focus on social justice has brought systemic inequities in the corporate sector to light, leading companies to step up their efforts in attracting and retaining a diverse workforce – but many challenges remain in implementing those goals. Following a joint report between the Kenan Institute and EY, this week’s Kenan Insight breaks down some challenges companies may face while trying to reach their diversity, equity and inclusion goals.
...of Entrepreneurship, including entrepreneurs, investors and entrepreneurial ecosystem support providers. Funding priorities are determined by themes that emerged from the annual Kenan Institute Frontiers of Entrepreneurship Conference. 2018 RECIPIENTS 2019 RECIPIENTS...
Firms continue to strive for greater representation on corporate boards. One California law, attempting to mandate such greater representation, has encountered a recent setback. Two experts discuss obstacles to more diverse corporate leadership and offer approaches for surmounting them.
The global COVID-19 pandemic has been a recurring theme throughout the 2020 U.S. elections, and its health and economic consequences will be felt far beyond November 3. In this Kenan Insight, we look at both the challenges and potential opportunities the pandemic has created for accelerating innovations in healthcare delivery and pharmaceutical development.
ESG measurement and impact accounting can have vast economic and social influence; however, implementation is extremely challenging for both businesses and policymakers. In this week’s insight, our experts propose ways of refining ESG measures to produce structures that meet various stakeholder needs, drive reporting free from political influence and agendas, and illustrate the promise and risks of impact accounting.
Corporate executives have begun to glimpse the strategic value of incorporating artificial intelligence as an “employee” within their organization. In this Kenan Insight, we explore a framework that outlines the critical elements for harnessing the potential of human-AI working relationships.
The spread between 10-year and 3-month Treasuries – my favorite economic indicator – remains strongly in positive territory, suggesting a recession is not in the cards soon. This indicator has predicted all recessions since the mid-1960s, with a lead time of roughly one year, though the timing is inexact. The 10-year/2-year spread, which briefly inverted recently, is less reliable.
Unions seem to be popping up everywhere these days. In fact, the National Labor Relations Board reported that requests for union elections during the last nine months are up 58% over the prior fiscal year. This trend has received significant coverage in the media, with particular interest in successful organization efforts at Amazon, Starbucks and Apple.
The increasing demand for electric cars is creating new opportunities for jobs and innovation in new locations, but there are differing views of the potential effect on overall auto sector jobs.
For small businesses, AI promises to handle financial and operational tasks, freeing up workers for other duties and creating new efficiencies. We offer seven focal points for small businesses planning for AI integration.
The Kenan Institute will host Bryony Winn, chief strategy and innovation officer for Blue Cross and Blue Shield of North Carolina (Blue Cross NC). Winn is responsible for thoughtfully guiding the company as it seeks to realize its vision to be the model for transforming our health system through an unwavering commitment to quality, affordability, and exceptional experience.
The Leonard W. Wood Center for Real Estate Studies, along with the Kenan Institute of Private Enterprise, cohosted the UNC Affordable Housing Symposium last month. Experts in the field, as well as academic professionals, explored how the Triangle housing climate has shifted as business booms in the surrounding area and how the real estate industry can prepare for the future.
The Frank Hawkins Kenan Institute of Private Enterprise is thrilled to announce its 2022 class of Distinguished Fellows. Appointed on an annual basis, the Distinguished Fellows comprise an exemplary set of global scholars committed to leveraging their individual expertise, thought leadership, research and networks to further the institute’s efforts to examine and drive solutions to issues facing business and the economy today.
What can the corporate response to George Floyd’s murder teach us about today’s diversity challenges? Discover how meaningful actions on racial equity affected market valuations, through research from UNC Kenan-Flagler's Daniela De la Parra.
COVID-19 first caused chaos in our labor markets with the lockdowns of 2020, which sent unemployment rates soaring to all-time highs. It has continued to disrupt labor markets into 2022 as worries about health risks have kept workers at home, exasperating labor shortages. Looking forward, as we learn to live with COVID, we will also have to adapt to the effects of long COVID, when symptoms such as fatigue, difficulty breathing and “brain fog” appear after COVID. In this commentary, I attempt to assess the risk to our labor markets from long COVID.
Yimfor, a Kenan Institute Distinguished Fellow, will discuss his recent work on how access to venture capital varies by the founder’s race and alma mater and explore mechanisms driving the variation.