448 research outputs found

    Women in Power: Examining the Pathway to the Top

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    As more women begin to enter the upper management ranks of the business world, researchers have recognized several patterns in terms of common factors which influence career paths and choices. Based on this, I conducted a study with the purpose of identifying those influences and traits which women in the field most attributed to their individual success. This information could thereafter be used as a guide for young women such as myself who are about to begin their own career paths within this field. Through the use of survey and individual interview, my findings indicated that individual background, family support, education, and activities were shown to be the most influential aspects of professional development, while key personality traits necessary to success as noted by the participants included a mixture of both individual (self-motivation, perseverance, etc.) and interpersonal (communication, compassion, etc.) abilities. Advice offered by respondents again emphasized the need for individual motivation combined with the strong interpersonal skills which facilitate professional relationships

    How much can firms know?

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    There are two key stylised facts about the extinction patterns of firms. First, the probability of extinction is highest at the start of the firm"s existence, but soon becomes more or less invariant to the age of the firm. Second, the relationship between the size and frequency of firm extinctions is closely approximated by a power law. An agent based model of firm evolution and extinction has been developed which has properties which conform closely to the stylised facts. We examine the effects of allowing firms different amounts of knowledge about the effects of strategy in the context of this agent-based evolutionary model. There are very considerable returns in the model to acquiring knowledge. As both the amount of knowledge available to firms increases and as the number of firms capable of acquiring such knowledge rises, the lifespan of agents approaches the full information paradigm in which agents live for ever. However, even with relatively low levels of knowledge and numbers of agents capable of acquiring it, the model ceases to have properties which are compatible with the two key stylised facts on firm extinctions. The clear implication is that firms have very limited capacities to acquire knowledge about the true impact of their strategies.agent based evolutionary model; heterogenous agents; learning

    Middlesex Fells /

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