The Auto Industry: On the Road to Disaster or Recovery?
Last May, Knowledge@Wharton spoke with John Paul MacDuffie, a management professor at Wharton and co-director of the International Motor Vehicle Program, about the state of the auto industry. It seems that not much has changed since then, except maybe for the worse. 2006 was the first year since 1991 that Detroit's Big Three were all in the red. Ford's situation seems direr than ever; Chrysler, which was profitable until mid 2006, is now preparing a restructuring plan to roll out this month; and
Presidential Politics in France: What to Expect from Nicolas Sarkozy
On May 6, conservative Nicolas Sarkozy won the French presidential election, defeating socialist Segolene Royal and taking over from Jacques Chirac, who had held the positon for 12 years. The election drew a very high 85% turnout, which many saw as a sign that French voters recognize the need to get out from under their economic stagnation and social unrest. Sarkozy is depicted as a friend, but also a critic, of the U.S.; as a supporter, to some degree, of the European Union; and as a reformer b
Kenneth Shropshire, director of the Wharton Sports Business Initiative -- 2007 Wharton Economic Summ
During the recent 2007 Wharton Economic Summit, Knowledge@Wharton recorded nine podcasts with speakers and panelists at the event, whose theme was "Next Moves in a Global Economy." This interview is with Kenneth Shropshire, director of the Wharton Sports Business Initiative.
Jeffrey R. Lurie, owner of the Philadelphia Eagles Football Club -- 2007 Wharton Economic Summit
During the recent 2007 Wharton Economic Summit, Knowledge@Wharton recorded nine podcasts with speakers and panelists at the event, whose theme was "Next Moves in a Global Economy." This interview is with Jeffrey R. Lurie, owner of the Philadelphia Eagles Football Club.
Shiv V. Khemka, vice chairman, SUN Group -- 2007 Wharton Economic Summit
During the recent 2007 Wharton Economic Summit, Knowledge@Wharton recorded nine podcasts with speakers and panelists at the event, whose theme was "Next Moves in a Global Economy." This interview is with Shiv V. Khemka, vice chairman, SUN Group.
Shellye L. Archambeau, CEO of MetricStream -- 2007 Wharton Economic Summit
During the recent 2007 Wharton Economic Summit, Knowledge@Wharton recorded nine podcasts with speakers and panelists at the event, whose theme was "Next Moves in a Global Economy." This interview is with Shellye L. Archambeau, CEO of MetricStream.
Changing Course: The Chrysler Deal, Rising Gas Prices and Other Car Talk
Earlier this month, Cerberus Capital Management bought 80.1% of Chrysler Group from German auto maker Daimler-Chrysler, effectively ending a nine-year marriage between the two that never quite worked out. The expectations created by this acquisition are huge, and revolve in part around Cerberus's ability to make a deal with the United Auto Workers union that would include restructuring billions of dollars of retirement and health-care benefits -- a burden that both Ford and GM -- but not Toyota
David Marshall: The China Wake-up Call for American Real Estate
David G. Marshall, CEO of Amerimar Realty in Philadelphia, has made a career of seeking out bitter lemons and turning them into sweet -- and profitable -- lemonade. Through the years, he has taken over distressed properties -- such as The Rittenhouse in Philadelphia, Pier 39 in San Francisco and Denver Place in Colorado -- and made them into successful enterprises. Marshall recently went to Shanghai as part of the Wharton Fellows program and came to the conclusion that what is happening in Chine
WebEx's Diane Davidson: 'We Defined a Community Ecosystem'
When Google bought YouTube recently for $1.65 billion, the world of business sat up to take serious notice of social networks. Today, many companies are looking into how they can tap into -- or develop -- communities as a way to make better decisions and increase profits. Jon Spector, a former Wharton vice dean and now CEO of the Conference Board, spoke with participants at the Community 2.0 conference in Las Vegas earlier this year to explore how companies are trying to harness communities to r
Philips Lighting CEO Rudy Provoost: Innovation Means Putting Consumers' Needs First
Approximately 19% of the world's electricity bill comes from lighting, according to Rudy Provoost, CEO of Philips Lighting. As such, Philips, the world's largest producer of industrial and consumer lighting products, has a big role to play in the ongoing transformation from incandescent to solid-state lighting using LED technology. Provoost, who until last year was CEO of Philips Consumer Electronics, is no stranger to new technologies, which he says are "just a vehicle to respond to needs." Fig
The Bernard Madoff Case: Trust Takes Another Blow
Successful marketplaces -- indeed, all social systems -- require a level of ethical behavior among their participants. In an interview with Knowledge@Wharton, professors Maurice E. Schweitzer and G. Richard Shell, who have conducted extensive research on the role of trust in markets, explain why even the most sophisticated investors put their faith in Bernard Madoff, the New York City financier recently accused of running a $50 billion Ponzi scheme. That breach of trust has damaged the broader m
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FCC's Cable TV Ruling: Will the Competitive Landscape Change?
For cable TV companies in the U.S., August 28 was a day to celebrate. Ending several years of regulatory battles, a ruling by the U.S. Court of Appeals came down in favor of Philadelphia-based Comcast, which sought to overturn the Federal Communications Commission's contentious 30% market share limit on cable TV operators. Not everyone is happy about the ruling, fearing it will lead to cable monopolies. In contrast, Peter S. Fader, professor of marketing and co-director of the Wharton Interactiv
Brazil's Gold: How Rio Won Its Olympic Bid
Last fall, after losing previous bids, Rio de Janeiro -- Brazil's second-largest city -- won the approval of the International Olympic Committee to host the 2016 Summer Olympic Games. According to Carlos Roberto Osorio, secretary general of the Brazilian Olympic Committee, this time around, Rio had learned from its earlier failed bids and had the success of hosting the 2007 Pan American Games under its belt. That, combined with Brazil's "special circumstances" of economic stability amid the glob
How Much Should You Charge? Why 'Smart Pricing' Pays Off
Your company has developed a new product that you think will be a winner. A lot of money has been poured into research and development, analysis of the competition and advertising. But there is one key element you may have overlooked: What do you charge for the product? Wharton marketing professors Jagmohan Raju and John Zhang say companies frequently don't put anywhere near as much thought into pricing as they should. In their new book, Smart Pricing, Raju and Zhang argue that firms ought to en
Worlds Apart: What's Behind the U.S.-China Currency Dispute?
Faced with the possibility of a global currency war, Western countries are increasing their scrutiny of China's currency policies, accusing Beijing of intervening in the markets to keep China's currency weaker than it would be otherwise. In the U.S., politicians and regulators say such tactics undermine efforts to boost exports, and thus take away jobs from American workers. But the controversy is more complicated than that, and touches on policies and attitudes that go back decades. Knowledge@W
Falling Prices, Foreclosures and Fear: What's Next for the Housing Market?
The U.S. housing market has been wobbly for several years, but it has shown some signs of perking up in recent months. The latest reports, however, indicate a setback, with median home prices dropping slightly and sales well below the already depressed levels of 2009. Yet a combination of low mortgage rates and apparent home-price bargains should still be drawing some buyers into the market. Knowledge@Wharton spoke with Wharton real estate professor Susan M. Wachter about the housing market's sl
06 Oct 2010: How Things Really Work: Lessons From a Life in Politics
Bill Hobby was elected lieutenant governor of Texas in 1972. As the longest-serving lieutenant governor in Texas history, a media executive, distinguished university professor and philanthropist, he has worked to guide the state into the future. During his 18 years in office, Hobby made education a top priority and helped make health care more accessible. After leaving office in 1991, he continued to run Hobby Communications but was soon tapped to lead the University of Houston System through a
2.3 Photographs as artefacts Bear in mind that photographs are artefacts. This means that they are more than just images. The photographer, the process and the packaging all add something to our understanding of the role of the photograph. So, for example, the mount can indicate its purpose (exhibition wall, domestic display, album and so on) and the significance attached to the article in its time. The physical properties of a mount, such as the quality of the card or style of printing, can distinguish top-of-the-range
Bear in mind that photographs are artefacts. This means that they are more than just images. The photographer, the process and the packaging all add something to our understanding of the role of the photograph. So, for example, the mount can indicate its purpose (exhibition wall, domestic display, album and so on) and the significance attached to the article in its time. The physical properties of a mount, such as the quality of the card or style of printing, can distinguish top-of-the-range
CEO view: Wolfgang Prock-Schauer of India’s Jet Airways
As the aviation industry faces its biggest crisis in recent history because of high fuel prices and the economic slowdown, airlines are forced to do business differently as they seek to trim operating costs ruthlessly to brace themselves for tough times ahead.
“Jet Airways is working on all areas to streamline operations including cutting loss-making routes,” says Wolfgang Prock-Schauer, CEO of Jet Airways, India's largest private airline. India’s aviation industry lost $1 billion