An analysis of flood claims in several southeast Houston suburbs from 1999 to 2009 found that the Federal Emergency Management Agency’s 100-year flood plain maps — the tool that U.S. officials use to determine both flood risk and insurance premiums — failed to capture 75 percent of flood damages from five serious floods, none of
The companies that make our digital devices think – and act – like they still own them, even after we've bought them. Are we becoming digital serfs? Internet-enabled devices are so common, and so vulnerable, that hackers recently broke into a casino through its fish tank. The tank had internet-connected sensors measuring its temperature and cleanliness.
or as little as a few thousand dollars, online attackers can purchase enough personal information to perhaps alter voter registration information in as many as 35 states and the District of Columbia, according to a new Harvard study. Dubbed “voter identity theft” by study authors Latanya Sweeney, professor of government and technology in residence, research
Bringing the business case for sustainability to the forefront, Fortune has released its third annual Change the World list, which highlights companies who are having a positive social or environmental impact on the world through their core business strategy. The fifty selected companies, which span a variety of industries, come from all across the globe and have annual revenues of
Global confectionary producer Mars has today unveiled a near-$1bn investment into a new sustainability action plan that uses science-based targets to "drastically expand" on previous carbon goals, as the company's chief executive Grant Reid called on the sector to fix "broken" global supply chains. Mars revealed today (6 September) that it would invest approximately $1bn
The $170 billion corporate empire has been trying to prove corporations can do well by doing good. It goes like this. Rub your left palm with your right hand, then clap, now right, clap, up, down, thumbs, knuckles, clap. Then repeat, scrubbing vigorously. The 200 or so children present on a muggy May morning, ages 8
Your personal and business ethics have significant impacts on your company's longevity. You cannot last long in this world without trust. It creates friendships, keeps partners by your side and grows your businesses. Trust inspires loyalty, and it extends to businesses as well as people. Venerable brands such as Coca-Cola and Nike understand their committed fans would disappear quickly if
A universal basic income could make the US economy trillions of dollars larger, permanently, according to a new study by the left-leaning Roosevelt Institute. Basic income, a proposal in which every American would be given a basic stipend from the government no strings attached, is often brought up as a potential solution to widespread automation reducing
In the internet era, consumers seem increasingly resigned to giving up fundamental aspects of their privacy for convenience in using their phones and computers, and have grudgingly accepted that being monitored by corporations and even governments is just a fact of modern life. In fact, internet users in the United States have fewer privacy protections
Forces are pushing U.S. companies toward mergers, consolidations, acquisitions and growth. Yet, Americans continue to show strongly negative attitudes toward "big" business, coupled with a continued strong attitudinal affinity for small business. This poses an essential dilemma for large enterprises attempting to build and maintain a thriving business-to-consumer customer base. The basic data are clear.
Former Google engineer James Damore was hardly the first person to argue that biological differences between men and women determine career outcomes. Many people — even smart, science-minded ones — have asserted that biological differences can explain the gender gap in math, engineering, and science. A 2005 Gallup poll found that 21% of Americans believed men were better than
Relatively little is know about how Americans view their workplace, despite its major role in their lives. One of the most in-depth surveys ever done on the topic finds that the American workplace is physically and emotionally taxing, with workers frequently facing unstable work schedules, unpleasant and potentially hazardous working conditions, and an often hostile
Silicon Valley technology has been unkind to traditional middlemen. Streaming music punished the record industry. Netflix killed video stores. Life has become harder for intermediaries such as travel agents and stockbrokers. So it is perplexing that when it comes to philanthropy, Silicon Valley has given birth to an intermediary that has rapidly grown into one
When someone offers a free sample, it’s not really free. It comes with the implied expectation that if a person accepts it, he or she will feel obligated to return the favor and eventually pay for the full product. That’s just one of the many insights psychology has uncovered about the subtle mechanics of persuasion
With the recent explosion in AI, there has been the understandable concern about its potential impact on human work. Plenty of people have tried to predict which industries and jobs will be most affected, and which skills will be most in demand. (Should you learn to code? Or will AI replace coders too?) Rather than
Most marketers focus on the wrong information, says bestselling author Clay Christensen. Why do people buy things? If you answered, "Because they want them or need them," you're only partly right, according to Clayton Christensen, Harvard professor and author of the bestselling The Innovator's Dilemma. In a keynote presentation at last month's Qualtrics Insight Summit, Christensen explained his view of why
Organizations around the globe are doing a poor job developing employees who are engaged—“emotionally invested in and focused on creating value for their organizations every day,” as the Gallup organization defines it. Worse yet, even though ample research suggests how to do it, the numbers of actively disengaged employees far exceed those who are engaged.
Despite the bland physicality of the term “the internet of things,” much of the transformational potential of connecting devices to the cloud comes from blurring the lines around traditional business models and abstracting what it means to make and sell a product. “The internet of things is not really about things” but about services, says Macario
Big fines paid by businesses that break the law provide no incentive for companies to change cultures that lead to that illegal activity, says Jed S. Rakoff, a senior judge on the bench of the United States District Court for the Southern District of New York. Even large fines and bad publicity are often viewed
What is the ultimate purpose of a business? Some might say it is to maximise returns for shareholders and investors; others may see it as delivering excellent customer service through its products or services. However, there are those who feel that businesses can also play a central role in ensuring our society lives within the