The United States has been a leading innovator in the world for a long time. This can be attributed to the fact that public research and development programs are well-funded. The federal government's annual budget for R&D is over $191 billion. Additionally, the private sector, consisting of both small start-ups...

Too often, contemporary managers continue to adhere to the misbegotten idea that people are inherently incapable and untrustworthy, and therefore need managerial control. Yet when employees and teams are empowered to make important decisions, self-organize, and work autonomously to achieve their project goals, such self-management not only improves employee engagement...

What women entrepreneurs are? On a prefatory note, the classification ‘women entrepreneurs’ can be easily expounded in terms of J. Schumpeter as “women who innovate initiate or adopt business actively are called women entrepreneurs.” Technically, a women entrepreneur is defined as an enterprise owned and controlled by woman having a...

The Scrabble Theory of Economic Development: As outlined in Sourish Dutta’s A Simple Model of Global Value Chains, based on Hausmann et al. 2014, a country’s economic development in terms of trade can be simplified, at least in conceptual terms, to a game of Scrabble. A set of unfinished materials and methods...

The 2023 OpenAI incident that captivated everyone interested in artificial intelligence will go down in history for many things, including the failure of corporate governance. In its aftermath, there is much talk about how the future board of OpenAI should be diverse moving forward. Diversity, Equity, and Inclusion (DEI) is...

To be truly successful in business, professionals need the talent to create wealth — and the wisdom to preserve it. That’s usually where a Certified Financial Planner comes in, and why clients turn to individuals like Nathan Garries, CFP, EPC, CIWM, FCSI, a Canadian Certified Financial Planner and Certified International...

In March 2022, Greig Gailey, a professional CEO who created billions of dollars of value for himself and his shareholders, died. Greig enriched the communities affected by the operations he headed and nurtured the physical environment around their plants, mines, and smelters.  Greig served as the Chairman of Caltex (Chevron’s...

As of December 01, 2023, with a net worth of roughly $95.1 billion, L’Oréal heiress Francoise Bettencourt Meyers is the wealthiest woman in the world, followed by Alice Walton (No. 2, $60.7 billion), Julia Koch (No. 3, $57.7 billion); and Mackenzie Scott (No.4,$39.2billion). Jacqueline Mars is the fifth-richest woman globally,...

As of December 01, 2023, Murat Ulker was the wealthiest person in Turkey, with an estimated net worth of 5.2 billion U.S. dollars, followed by Ibrahim Erdemoglu (No. 2, $3.8 billion), Ali Erdemoglu (No. 3, $3.3 billion); and Semahat Sevim Arsel (No. 4, $2.8 billion). Ipek Kirac is the fifth-richest person...