'The power of words to transform' Pioneer Press, MN - Nov 29, 2008 He taught at the University of Minnesota and headed the Division of Family Health in the Minnesota Department of Health. His column appears occasionally on ...
What's New in Orthopaedic Trauma Journal of Bone and Joint Surgery (subscription) - ...University of Minnesota, 640 Jackson Street, St. Paul, MN 55101. E-mail address for PA Cole: peter.a.cole@healthpartners.com The first 150 words of the ...
Weekly Calendar Johns Hopkins Gazette, MD - 2, 4 pm "Stories and Cosmogonies: Imagining Creativity Beyond 'Nature and Culture,' " an Anthropology colloquium with Stuart McLean, University of Minnesota...
Regent application deadline extended again Minnesota Daily, MN - Nov 30, 2008 One of the at-large representatives must be a student at the University of Minnesota when they are elected. Unlike two years ago, when there were virtually ...
Panthers trust Wizard's words McLeod County Chronicle, MN - Nov 26, 2008 VanDeSteeg, a senior defensive end, is set to graduate as the University of Minnesota's career leader in tackles for loss (43.5).
Invasion victims tell of changed lives Minneapolis Star Tribune, MN - Nov 25, 2008 A 25-year-old Wayzata man must serve at least 15 years for an attack near the University of Minnesota. Prosecutors say he repeatedly raped a woman and made ...
Multiracial families see Barack Obama as 'Other' like them Los Angeles Times, CA - Nov 28, 2008 Carolyn Liebler, a sociology professor specializing in family, race and ethnicity at the University of Minnesota, said she expected that the numbers of ...
Minnesota task force aimed at student-athletes USA Today - Nov 18, 2008 "We are not satisfied at the University of Minnesota with the graduation rates of students overall," Bruininks says. "And we weren't satisfied with some of ...
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NHIS Solid - Ras Boateng Peace fm Online, Ghana - Jul 24, 2008 The PAC ordered Dr Akor to pay GH?1660 out of the millions of Ghana cedis which the Auditor-General accused some individuals and companies of illegally ...
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[PDF]Oxygen species adsorbed on CeO 2/SiO 2 supported catalysts M Che, JFJ Kibblewhite, AJ Tench, M Dufaux, C … - Journal of the Chemical Society, Faraday Transactions 1, 1973 - xlink.rsc.org ... One can thus write ... Using the theoretical values of A. = - 1660 G and B = 51.5 G 22
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U of M researchers find that the words of a CEO can foretell a company's future innovation
Many stockholders wish they could look into a crystal ball to forecast a firm’s performance. Researchers at the University of Minnesota have found that they need something far less mystical to predict future innovations of firms. “The answer lies in the words of the CEO,” said Rajesh Chandy, professor of marketing at the university’s Carlson School of Management. “By simply counting the number of future oriented sentences in annual reports we can predict future innovation by the firm.”
In the paper “Managing the Future: CEO Attention and Innovation Outcomes,” forthcoming in the Journal of Marketing, Chandy and co-authors Manjit Yadav of Texas A&M University and Jaideep Prabhu of Imperial College, London University, show that CEOs who focus their attention on future events, as well as external activities, lead their firms to earlier adoption and invention of new technologies and greater and faster development of innovations. In contrast, more attention to internal operations leads to slower detection, adoption and implementation of new technologies.
Words, not just actions, of the CEO set the tone to inspire, propel and motivate innovation by employees in a firm. To investigate their theory, Chandy and his co-authors studied empirical data collected from the online banking industry over eight years to determine innovation outcomes such as speed of detection, speed of development and the breadth of deployment of technology.
By counting the number of future oriented words and phrases in letters to shareholders over this time span, they were able to predict the level of innovation by the firm up to five years later.
“The daily pressures from inside the corporation tend to take up the bulk of the CEO's time, overwhelming their attention spans,” explains Chandy. “But because the CEO sets the tone and culture, not thinking forward and outside of the firm has major negative consequences for innovation.”
The researchers advise CEOs to direct their attention outside their firm rather than toward internal problems, which are better left for others to solve. “The temptation to focus on fires within the firm may cause you to take your eyes off of your job,” said Chandy. “A CEO who focuses on the big picture, not the nitty-gritty, will influence the process of innovation and future outcomes of the firm more than one who has an internal day to day focus.”
