Multinational companies increasingly rely upon the work of virtual teams to manage their global intellectual assets and encourage innovation. Spanning functional, geographical and corporate boundaries, virtual team members work together on various projects but are based in different locations nationwide or worldwide.
The Small Business Investor Alliance surveyed the small business portfolios of Small Business Investment Companies to measure the impact the pandemic is having on their operations and employment. Small businesses are facing extreme cash flow concerns. Small businesses are already laying off a substantial number of employees and without a significant change in trajectory, layoffs are anticipated to increase tremendously. Data analysis provided by the Kenan Institute of Private Enterprise.
Zach Clayton of Three Ships and Bill George of Harvard Business School, co-authors of the book “True North: Emerging Leader Edition,” talk about the challenges and benefits of stakeholder capitalism for companies and their leaders.
Prior literature suggests many benefits stemming from founders’ strong identification with their firms. We suggest, however, that there is also a potential dark side. We argue that founders can become overidentified with their organizations, making them more likely to engage in irresponsible behavior that protects the firm but harms others, as moral and societal norms are viewed as obstacles to fulfilling an organization’s goals.
Greg Brown and Olga Hawn discuss the rise of B Corporations and entrepreneurs who are using sustainability as a key selling point in this New York Times article.
Timely insights into topics that affect founders, funders and the broader entrepreneurial ecosystem.
This briefing features UNC Kenan-Flagler Business School Professors Matt Pearsall, Shimul Melwani and Alison Fragale, as well as UNC Kenan-Flagler Ph.D. candidate Angelica Leigh, as they discuss the vastly uneven impact of COVID-19 on different types of workers and organizations.
The Institute for African American Research and NCGrowth are hosting a multi-disciplinary conference to connect academic researchers and Black Communities across North America. By creating new collaborations, we will help to document, safeguard and enhance the life of these communities.
A panel of experts convened by UNC Kenan-Flagler Business School, its affiliated Kenan Institute of Private Enterprise and the Institute of African American Research offered a press briefing via webinar on the intersection of the COVID-19 crisis and the Black Lives Matter movement—providing a framework for developing solutions to achieve equitable public health and economic outcomes for the short- and long-term. This press briefing featured Duke University Political Science Ph.D. Candidate Ajenai Clemmons, City of Pittsburgh Deputy Chief of Staff and Chief Equity Officer Majestic Lane, Center for Responsible Lending Executive Vice President Nikitra Bailey and CREATE Executive Director and Black Communities Conference Co-founder Mark Little.
This event is invitation only. The purpose of this nonpartisan event is to consider the effect of recent NC tax reform on the economic outcomes in the state
Climatologists project that global temperatures may rise by up to four degrees Celsius over the next century. This projection raises a natural question: “Can we assess the impact that this temperature increase will have on the U.S. economy?” UNC Kenan-Flagler Business School Professor of Finance Ric Colacito discusses his co-authored paper “Temperature and Growth: A Panel Analysis of the United States.”
Will uncertainty over new administration policy dent the economy? Kenan Institute Research Fellow Greg Brown will look at this question and more during the institute’s monthly virtual briefing at 9 AM EST Friday, February 7.
Every year, millions of students enroll in post-secondary programs with hopes of attaining the education they need to get ahead in the job market. But in the U.S. higher education system, “college acts like a lottery,” says Ben Miller, director of the Postsecondary Education Center for American Progress. Some students graduate with applicable skills and higher earning potential, while others leave unemployed with ever-increasing piles of debt.
In an ever changing global economy, firms need to constantly update their business strategy and operational execution. In this dynamic interactive workshop, leading scholars along with executives and policy makers will discuss most salient trends and opportunities related to global sourcing.
This research utilizes data from the World Bank Investment Climate Survey to examine the use of external capital for almost 70,000 small and medium-sized firms in 103 developing and developed countries.
Last month, Patrick Hartley, a distinguished member of the Kenan-Flagler community, joined the Kenan Institute as a Fellow. He has been a Professor of the Practice of Finance at Kenan-Flagler for nearly twelve years. Currently, he also serves as President of the board of directors of the Kenan-Flagler Business School Foundation.
While prior research highlights the importance of codifying alliance experience to achieve alliance success, it is unclear whether codification is equally useful in the different phases of an alliance. Based on a sample of 192 technology firms that report on over 3,400 strategic alliances, we find that in the partner selection and termination phases, reliance on codified knowledge is useful. However, in the partner management phase, reliance on codified knowledge is less beneficial and can be even negatively related to performance. Our findings have implications for the tension between flexibility and efficiency and the relationship between structure and performance.
While much research indicates that organizational processes are learned from experiences, surprisingly little is known about what is actually learned. Using a novel method to measure explicit learning, we track the learned content of six technology-based ventures from three diverse countries as they internationalize. The emergent theoretical framework indicates that firms learn heuristics. These heuristics have a common structure centered on opportunity capture and are learned in a specific developmental order. This results in a deliberately small, yet increasingly strategic, portfolio of heuristics. Broadly, we contribute to the psychological foundations of strategy by highlighting the rationality of heuristics as strategy, capability creation as the cognitive transition from novice to expert heuristics, and simplification cycling as a critical dynamic capability for sustaining competitive advantage.
North Carolina Governor Roy Cooper urged private capital investors to work with government policymakers to bolster investment in the state's economy. His remarks were part of a keynote address to attendees of the first-ever North Carolina Investment Forum, held Wednesday, November 1, at the Kenan Center in Chapel Hill.
The Kenan Institute is proud to host Domino’s Pizza CEO Patrick Doyle for an exclusive conversation with UNC Kenan-Flagler Business School students as part of its Dean’s Speaker series.