Business should embrace boomerang employees

Posted on Updated on

The return of LeBron James to the Cleveland Cavaliers may have riveted the sports world and social media, but the phenomenon of “going home,” whether to a geographic location or a former job, is not unique to professional athletes.

According to two studies co-written by a University of Illinois expert in organizational behavior and human resources management, organizations of all types are beginning to recognize and embrace the value of recruiting and welcoming back former employees.

From infantry soldiers to chief executives, accountants and professional basketball players, many organizations proactively recruit and rehire former employees as a way to offset high turnover costs and hedge against the uncertain process of socializing replacement employees.

Ideally, these so-called “boomerang employees” already understand the key components of the organization’s work structure and culture, which makes them less risky hires than newcomers, says T. Brad Harris, a professor of labor and employment relations at Illinois.

“In addition to understanding the organizational culture, returning employees might also be more committed to the focal organization upon their return because, in essence, they’ve learned firsthand that the grass isn’t always greener on the other side,” Harris said.

In a paper published

Best Tips For Business Development

Posted on Updated on

When looking to run a successful business, it’s important to know where to start, how to proceed and where one can get their breaks. When doing this, it’s easy to have a successful company in the short and long-term. While true, one should not just follow the basics, even though they are important. With that being said, here is a short guide on how to develop a business.

Simple plan: When starting out, one should write a business plan for their company. Think about it, with a plan, it’s easy to go back to it if there are any issues. For starters, one should list their overall money-making plan, assets, corporate layout and long-term plans. Furthermore, one should have a marketing plan, and the marketing plan should be pretty long as it’s the most important part of a lot of businesses. Remember, with a well-written business plan, one can do everything to get their business in order and under control. This is, simply put, the wisest start and an important step in the strategic planning for business.

Really go deep into the marketing plan: While one should write their marketing plan into their business plan, it’s wise to

Know The Right Approach to Get Intraday Commodity Tips

Posted on Updated on

To invest in the commodity market the most important thing that you need to keep in your mind is the amount of patience that you can express while investing in it. You have to make all the doubts cleared about the different commodity like gold, silver etc. and then make the right efforts to understand the market so that you can get the right amount of information. When you seem that everything is right in the market and there is a good condition prevailing in the commodity market then you can try your hands to invest in the commodity. After making a very good analysis of the market you can try to clear all the different concepts that play a very important role in the market.

There are distinctive sorts of investors having diverse mindsets and they attempt to try for investing as per their plan. A significant number of the investors neglect to identify the best commodity that are available in the market and for this they attempt to make some prediction which is not possible at all. One needs to realize that there are many risks included in it along these lines

Is Your City Stocked With Smart Or Dumb Financial Consumers

Posted on Updated on

Not all cities are alike when it comes to personal finance acumen among their residents, and personal finance site WalletHub recently concluded Lancaster, Texas and Indiana, Pa. “have the worst money-management skills” in the U.S.

WalletHub measured the best and worst American cities at personal finance skills, using a set of metrics to rank cities based on key money issues like credit score, average number of late bill payments, and mortgage debt-to-income ratio, among other criteria.

“Cities that ranked highly for money management skills have low debt to income ratios, whether it’s credit card debt, mortgage debt, car loan debt or student loan debt,” says Jill Gonzalez, an analyst at WalletHub. “These cities also have high credit scores, reflecting that residents successfully manage their debt and pay their bills on time, usually paying in beyond the minimum to be free of debt more quickly.”

Using that formula, California comes out looking good in the WalletHub rankings.

Four of the top five cities listed as having the savviest money management residents come from the Golden State (the fifth comes from Massachusetts, with Lexington, Mass.) There’s no clear stand out on the low end of the scale, with cities from Pennsylvania, Maryland, Washington, and Michigan (twice) all listed

Why Mitt Romney’s Anti-Trump Campaign Is Doomed to Failure; Trump Strikes Back

Posted on Updated on

The anti-Trump campaign is in full gear and it looks doomed to failure.

In a speech broadcast live on national TV, Mitt Romney called Donald Trump a “phony” given to “bullying,” “greed” and “misogyny.”  Speaking to a loyal and enthusiastic Salt Lake City audience, Romney said Trump doesn’t have “the temperament of a stable, thoughtful leader. His imagination must not be married to real power.”

Romney’s speech comes as party leaders and major donors are preparing to launch a multi-state advertising campaign designed to halt Trump’s momentum and the likelihood that he captures the Republican presidential nomination. But a scathing indictment of Trump by the failed Republican presidential candidate may be missing the root of the former reality-TV star’s popularity.

Trump’s appeal, says Robert Scott, who studies trade and manufacturing at the Economic Policy Institute, comes as much from his attacks on immigrants and China as his willingness to question whether the Republican party, its leadership in Washington and on Wall Street, has done enough to improve their lives.

Must Read: Donald Trump Has Changed the Rules of the Game; Are Rubio and Cruz Out of Luck?

“For 30 years, the benefits of growth have gone to the top 10%, 5% even one-tenth of 1% of the economy, and everyone else

5 Great Places You Can Retire for Under $1,500 Per Month

Posted on Updated on

The average Social Security check now stands at $1,335. The average couple pulls in a bit over $2,100 per month from Social Security (assuming both earn benefits).

With so many retirees who have no savings – maybe half of us – and no other pensions, the Social Security check may be the check. Sound grim? It may not be. The reality is that there are great places to call home and live on those kinds of deflated numbers.

The one kicker: get your passport ready, because you’re moving out of the country.

Note: some places may be cheap – much of Mongolia for instance, or Sudan – but this list only has places that meet three key criteria: there already is an established expat community, meaning some English is spoken and some services/amenities aimed at expats are available; safety is high; getting back to the U.S. is straightforward, fast, and easy. That last is crucial for retirees, because most will turn to Medicare for big medical issues and, in most cases, Medicare does not work out of the country.

Where to move?

Cuenca, Ecuador

A perennial all-star among affordable retirement locations, Cuenca is a city of 400,000 with a city center designated a UNESCO World Heritage Trust Site.

Want to Invest in Solar? Canadian Solar Is Your Stock

Posted on Updated on

Canadian Solar (CSIQ – Get Report) , which is scheduled to report fourth-quarter and full year 2015 earnings on March 10, is among a group of tech stock winners that should soar in what’s expected to be a bear market year.

The company has avoided over-expanding and taking on too much debt as did the prominent solar energy services provider SunEdison (SUNE – Get Report) . On Wednesday, Sun Edison shares plunged nearly 20%, after management delayed the publishing of its annual report, citing an internal probe. SunEdison has plummeted 93.07% over the past 12 months.

With a market cap of $1.26 billion, Canadian Solar is a low-cost producer of solar energy components and systems, including solar ingots, wafers, cells, modules, and integrated power systems. The company has targeted emerging markets and developed countries in the Euro Zone. Europe’s growth engine Germany, which has vowed to shutter all nuclear plants, is a major customer.

As a small-cap, Canadian Solar confers greater risk but also greater upside potential.

The company has headquarters in Ontario but does most of its manufacturing in China. This dual presence has enabled Canadian Solar to keep costs low while sidestepping the hassles and

If Donald Trump Was President, Here’s What Would Happen to the U.S. Economy

Posted on Updated on

The section on health care has been updated extensively, as Trump recently released more information about his plans for health care. 

There’s no denying Trump has done a good job of making himself rich — he’s worth somewhere between $4.5 billion and $10 billion, depending who you ask. Can he make the rest of America rich, too?

The economy isn’t something Trump looks forward to tackling. In a January interview with “Good Morning America,” Trump offered up a bleak assessment of the U.S. economy but added that, in terms of fixing it, it’s a task he’d rather skip.

Must Read: The Champion Poker Player’s Guide to Defeating Donald Trump

“We’re in a bubble,” he said. “And, frankly, if there’s going to be a bubble popping, I hope they pop before I become president because I don’t want to inherit all this stuff. I’d rather it be the day before rather than the day after, I will tell you that.”

Despite his hesitancy, many Americans appear to believe a Trump presidency would be good for the economy. According to a Zogby Analytics poll, voters believe he would be better prepared to handle the economy, taxes and create jobs than likely Democratic Party nominee Hillary Clinton.

Trump made the case

Can Netflix Beat Back the Competition?

Posted on Updated on

Amazon (AMZN – Get Report) and Netflix (NFLX – Get Report)  produce award-winning shows, but there’s a big difference between the two: Amazon offers content as a perk, while Netflix has built its entire business exclusively around content.

No doubt Netflix is the pioneer in this space. Before launching into the streaming market, they built their business by offering subscribers an a la carte model of content consumption by posting movies and TV shows. Original Netflix content, such as Orange Is the New Black, Marco Polo and House of Cards, have become household names.

But Netflix will need to offer a variety of content in order to firmly root itself within the industry.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks with serious upside potential in the next 12-months. Learn more.

Google has launched a disruptive streaming product with Youtube Red that provides an ad-free Youtube experience, unlimited access to 30 million songs, and exclusive content from top Youtubers for $9.99 month. Similarly, an Amazon Prime membership includes access to a range of TV shows, movies, free one-day delivery and other perks, for $99 a year.

Must Read: Move Over Netflix —

Prepare for Blood at Tonight’s GOP Debate on Fox News

Posted on Updated on

There will be blood at tonight’s Republican presidential debate — at least figuratively.

The four candidates remaining on the island that is the GOP White House race — Donald Trump, Ted Cruz, Marco Rubio and John Kasich — will gather in Detroit Thursday evening for their latest showdown in an event hosted by Fox News. The last time the candidates gathered was brutal, often devolving into a shouting match beyond moderators’ control. And tonight, it may be even worse.

“Likely, there’s going to be some fireworks,” said Fox News anchor Bret Baier, who will moderate the debate alongside Megyn Kelly and Chris Wallace, in a segment taped earlier this week.

That’s putting it lightly.

Billionaire businessman Trump scored a sweeping victory on Super Tuesday, winning primary voting in seven of 11 states and sending the Republican Party into full panic mode. The clock is ticking for the GOP to put a halt to a man whose candidacy many fear would tear the party apart and all but guarantee a victory for Democrats come the fall. They are putting out all the stops to derail him — and calling on his opponents to do the same.

“There’s a clear frontrunner, and if you want to win,

Biomarin Drug Provides ‘Substantial Benefit’ to Kids with Rare, Fatal Brain Disease

Posted on Updated on

An experimental treatment developed by Biomarin Pharmaceuticals (BMRN – Get Report) helped young children with a rare and fatal neurodegenerative disease maintain the ability to walk and talk over one year, according to results from a clinical trial presented Wednesday night.

Based on the data from the study, Biomarin intends to submit U.S. and European marketing applications in the middle of the year. If approved, the Biomarin drug, cerliponase alfa, will become the first effective treatment for CLN2 disease, a form of Batten disease.

Brand New – TheStreet’s Biotech Bible! Before you invest one single dime in any biotech stock you have got to KNOW WHAT YOU ARE BUYING! Get THE most comprehensive text covering the 171 biotech companies that have gone public since 2013! There’s nothing else like it for digging into this highly speculative group of stocks.  Get a FREE copy today!

Kids with CLN2 disorder look healthy at birth but by the age of 3, they start to lose the ability to speak and walk. The disease progresses fairly rapidly and most patients die at approximately 12 years old. Biomarin believes the disease affects approximately 1,200 to 1,600 children worldwide but accessing all

Tips for Becoming a Successful Business Owner

Posted on Updated on

According to Bloomberg, 8 out of 10 businesses fail in the first 18 months of operation. You can be a successful business owner and be in operation well past that nerve-wracking 18-month mark, but you’ll have to do some hard work to get there. Besides having stellar Google local business reviews and a set of excited clientele, you need a few other things to make that happen. Here are some helpful hints to get your venture on the road to success.

Start with Plenty of Working Capital

This is a big problem for businesses that borrow money from friends, credit unions, and even the SBA. These entities expect to be paid back, and the bad news is that you will be paying them out of the profits-unless you have significant savings. With a full savings account, you make those payments without dipping too deeply into the profits. According to the SBA, it can take up to two years to see a profit in a new business. That means you’ll need an income outside of the new business right from the get-go. Some owners even get home equity loans or use credit cards to fund the business. According to some small business gurus,

Business as plan B

Posted on Updated on

It turns out, the assistant professor of sociology at UC Santa Barbara discovered, the circumstances that spur women to start their own businesses in the first place have a tremendous influence on the kinds of enterprises they establish.

Thébaud’s research appears in the current issue of the scholarly journal Administrative Science Quarterly. It also is highlighted in a briefing paper she prepared for the Council on Contemporary Families, a national nonprofit organization that seeks to influence public discussion and debate around work-family issues.

“Some women see a business opportunity and want to capitalize on it — they have a particular product or service they want to bring to the market, and they want to grow a business and hire more employees,” Thébaud said. “In scholarship we refer to that as ‘opportunity-motivated entrepreneurship’.”

And then there are women who turn to self-employment out of need. That need may be additional family income, but more likely it’s a degree of work-family balance that a traditional wage or salaried job can’t provide — particularly in the U.S. “We don’t have much flexibility in the workplace and we don’t have very good paid leave policies,” explained Thébaud.

Add to that the expense of childcare, which, in

Better business is linked up

Posted on Updated on

LinkedIn is perhaps one of the most well-known of the online social networks and is commonly used by professionals hoping to make new and fruitful contacts with other professionals in their field and the organizations and businesses associated with them. Research published in the International Journal of Social Media and Interactive Learning Environments, suggests that LinkedIn users are well acquainted with and fairly happy with the technological performance of the network, but have mixed responses to its social benefits and raise concerns regarding privacy and professional authentication.

According to Eng Li Yap and Qiyun Wang of Nanyang Technological University in Singapore, the proliferation of online social networks has allowed communication and conversation to be carried out on an unprecedented scale across the globe. LinkedIn has almost 400 million members although fewer than 100 million are known to be active users. Nevertheless, 100 million individuals is a large network and one that has mutual benefits for those who are active. The team suggests, however, that theirs is the first examination of the network from the perspective of professional development taking into account social, technological and pedagogical affordances.

A better understanding of LinkedIn, its facilities and how its members use

Inviting customer complaints can kill business

Posted on Updated on

Giving customers a chance to complain can be a bad idea if customers believe they’re to blame for a product’s failure, a new study from the Sauder School of Business at UBC shows.

“It’s commonly assumed that giving customers a chance to voice grievances allows companies to maintain relationships,” says Marketing Professor Darren Dahl, who co-authored the recent Journal of Marketing study with PhD student Lea Dunn.

“But our research shows that when a person feels implicated in a product’s failure — think building Ikea furniture — they’re more likely to shift blame to the product when complaining and increase ill will toward it.”

In an experiment, subjects were divided into two groups and directed to replicate the preparation of an “award-winning smoothie.” All of the participants were set-up to fail with poor quality food processors.

Half the group was made to feel the smoothie failure was their fault and the other half was told that it was likely a machine malfunction.

Participants primed to believe the failure was their fault rated the machine lower on a nine-point scale after complaining — 3.29 — versus the same participants who were not given the chance to complain — 4.31.

Participants primed to blame

Half diamond, half cubic boron, all cutting business

Posted on Updated on

Diamonds are forever, except when they oxidize while cutting through iron, cobalt, nickel, chromium, or vanadium at high temperatures. Conversely, cubic boron nitride possesses superior chemical inertness but only about half of the hardness of diamonds. In an attempt to create a superhard material better suited for a wide variety of materials on an industrial scale, researchers at Sichuan University in Chengdu, China, have created an alloy composed of diamonds and cubic boron nitride (cBN) that boasts the benefits of both.

“Diamond and cubic boron nitride could readily form alloys that can potentially fill the performance gap because of their affinity in structure lattices and covalent bonding character,” said Duanwei He, a professor at Sichauan University’s Institute of Atomic and Molecular Physics. “However, the idea has never been demonstrated because samples obtained in previous studies are too small to test their practical performance.”

He and his colleagues at the University of Nevada and the Chinese Academy of Sciences detail their procedure this week in Applied Physics Letters, from AIP Publishing.

To synthesize diamond-cBN alloys, the researchers subjected a homogenous mixture of diamond and cubic boron nitride powder to a vacuum furnace at 1300 K for two hours, then pressed

Study shows what business leaders can learn from Formula One racing

Posted on Updated on

That’s the conclusion from academic researchers who pored over data from 49 teams over the course of 30 years of Formula One racing. They found that the teams that innovated the most — especially those that made the most radical changes in their cars — weren’t usually the most successful on the race course.

Moreover, radical innovations were the least successful at exactly the times when many business leaders would be most likely to try them: when there were major changes in their regulatory environment.

“We found that it wasn’t always good to be the aggressive innovator,” said Jaideep Anand, co-author of the study and professor of strategy at The Ohio State University’s Fisher College of Business.

“The conventional wisdom that companies need to embrace change is often wrong.”

The study appears in the current issue of the journal Organization Science.

Formula One racing is actually a very good venue to study the value of innovation in business, Anand said. It is an innovation-intensive industry with teams of engineers, drivers and sponsors who all have to work together to succeed.

The independent governing body for Formula One (FIA) imposes changes to racing teams’ environments by releasing a new set of rules each year, which

Brainstorming ‘rules’ can lead to real-world success in business settings

Posted on Updated on

Researchers have long held that there are steps that can be taken to make brainstorming sessions more productive. New research from North Carolina State University finds that these recommendations actually do contribute to success when applied in real-world business environments.

“Previous research has laid out best practices that are conducive to brainstorming, or group decision making, and we wanted to see whether using those practices makes a difference in the real world,” says Dr. Joe Brazel, associate professor of accounting at NC State and co-author of a paper describing the research.

“We found that, when tackling complex issues, the use of best practices to produce high-quality brainstorming did result in better decision making,” Brazel says. For example, if an accounting firm has a client with a high fraud risk, what procedures do you need to employ in order to detect fraud? “When an audit team had taken steps to ensure high-quality brainstorming, we found them employing fraud detection techniques, such as surprise inventory checks, sales verifications, et cetera. When an audit team wasn’t using the brainstorming best practices, we saw them identify risk and then take no pursuant action.”

Brainstorming is a required component of the planning process for

Men start businesses for the money Women for the social value

Posted on Updated on

A study of the sexes reveals that when it comes to starting a business, women are more likely than men to consider individual responsibility and use business as a vehicle for social and environmental change.

“We found that women are 1.17 times more likely than men to create social ventures than economic ventures, and women are 1.23 times more likely to pursue environmental ventures than economic focused ventures,” says Diana Hechevarria, a doctoral candidate in management and entrepreneurship in the University of Cincinnati’s Carl H. Lindner College of Business.

Hechevarria, along with co-authors Amy Ingram, Rachida Justo and Siri Terjesen, examined data on different start-up types (economic, social and environmental) on more than 10,000 individuals from 52 counties.

Their research — “Are women more likely to pursue social and environmental entrepreneurship?” — is published as a chapter in the book “Global Women’s Entrepreneurship Research: Diverse Settings, Questions and Approaches” recently released by Edward Elgar Publishing, Inc.

Their study used 2009 data from the Global Entrepreneurship Monitor, an annual assessment of the entrepreneurial activity across many countries.

Ingram, then a doctoral candidate at UC, is now assistant professor in the College of Business and Behavioral Science at Clemson University. Terjesen is an

Outside CEOs could rejuvenate struggling businesses

Posted on Updated on

CEOs hired from outside a company tend to spend more money on research and development, while CEOs hired from within are likely to make large, strategic acquisitions, new research from the University of Missouri has found. According to the six-decade study, while 78 percent of new CEOs are selected from within the organization, internally and externally chosen CEOs execute different financial strategies that could be best-suited for companies with different needs.

“If a company currently is either mired in mediocrity or performing poorly and it announces the hiring of an external CEO, it could be a signal that the board is serious about fixing problems,” said Stephen Ferris, professor and director of the Financial Research Institute at the MU Trulaske College of Business. “Although we cannot foretell the outcome of hiring an external CEO, or any new CEO, it could give investors reason to think about investing a little more confidently in that company within the context of their portfolios. The hiring of an internal candidate, on the other hand, may indicate that a company is stable and likely to continue an already successful business approach.”

Ferris, along with researchers from the Georgia Institute of Technology and California