Contact Information:
Melody Walker
Olin Business School
Director of News & Information
Campus Box 1133
St. Louis, MO
United States 63130
Voice: (314) 935-5202
Visit Our Website

Kredyty mieszkaniowe Kredyty mieszkaniowe

Sprawdź aktualny ranking najlepszych kredytów mieszkaniowych w Polsce - atrakcyjne kredytowanie nieruchomości. - Press Release Distribution
RSS - Press News Release
Add Press Release

Improving a Business' IQ: Strategies to Make Business Work Better Through Research

National Science Foundation grant helps fund Olin Business School new research.

ST. LOUIS, MO, August 13, 2010 ( "Firms don't have a good measure of R&D effectiveness or what I call, Firm IQ," says Anne Marie Knott, associate professor of strategy at Olin Business School, Washington University in St. Louis. Knott's business research focuses on how to measure a firm's IQ and with a new National Science Foundation grant in hand, she's closer to figuring out what makes smart firms tick.

Knott has received a grant from the NSF for a study to identify the characteristics of firms with highly productive R&D (high IQ) versus those with less productive R&D (low IQ).

During the pilot phase of the study, Knott and PhD student Carl Vieregger will conduct in-depth interviews at high IQ and low IQ firms in two industries. Future phases of the study propose expanding interviews to a broader set of industries, followed by a comparison of IQ characteristics in a large-scale quantitative study across the range of firms engaged in R&D.

"The problem is firms don't know if they are doing a good job with R&D," explains Knott. "By establishing a scale or way to measure R&D effectiveness, they can figure out how much they should be spending on R&D and how well they are doing with that R&D."

Knott says most existing studies use patent data to measure R&D effectiveness, but she says less than 50% of firm engaged in R&D actually patent their inventions, so the measure isn't universal. Additionally, patents have a highly variable value. "5% of patents account for 95% of the value of all patents, so, they're not uniform. Finally, they don't reliably predict market value."

Knott's goal for Firm IQ is to ultimately provide a tool to help firms determine if they have the right stuff to turn research and development investments into profits. Knott predicts that IQ information will provide useful data for firms, similar to TQM, total quality management. "Once you know your IQ," Knott says, "you can actually start to improve it."

Smarter, more efficient firms will in turn generate more innovation according to Knott. "Economic growth comes from innovation and R&D is the biggest source of innovation. So if we can get each firm to increase their IQ a little bit that will lead to a permanent increase in economic growth."

Professor Knott is available for interviews.

Washington University has an on campus studio equipped with free ISDN and VYVX lines for broadcast quality live or recorded interviews.

View a video of Anne Marie discussing her research here .

About Anne Marie Knott
Anne Marie Knott's first career was in engineering. She worked for Hughes Aircraft and helped build the air-to-ground missiles used in the 1991 Operation Desert Storm when Iraq invaded Kuwait. During her stint at Hughes, Knott pursued an MBA degree at UCLA to advance her career towards management. "I loved my job in the defense industry," says Knott. "I was working with lots of really smart people. But then peace broke out. What that meant was there was lots of consolidation in the industry and our group was being moved to Tucson."

Knott pursued a PhD at UCLA's Anderson School of Management. "I used it as a vehicle to solve some of the problems I saw while I was working," Knott says. She saw a need for research that could help the government make better acquisition decisions and help firms make better R&D (research and development) decisions in times of war and peace.

Knott has been a professor at Olin Business School since 2005.

About Olin Business School:
Olin Business School at Washington University in St. Louis is an institution of leaders: distinguished business faculty ... exhilarated, brilliant students... and successful, energized alumni. Our 12 business degree and nondegree programs emphasize rigorously analytical, critical-thinking skills; applied learning; global competence; and communication and collaboration skills -- advancing today's business world and tomorrow's global leaders. Learn more about Olin Business School on the Web at:

Web site:


A Tuscany Agritourism with Pool Just Outside Florence, Italy

Podere Vignola offers short-term apartments in Florence and the Tuscan countryside. Four apartments are positioned in a romantic agritourism in Chianti, just 15 minutes from the Florence city center, and another apartment is located in the historical center of Florence, just a few steps from the Uffizi gallery. You can read further information by visiting, the new website of the company that owns the apartments. The website is shared in two different sections: the area devoted to the agritourism in Florence and its vacation apartments and the area ...

Consider Tax Impact When Negotiating Employment Suits or Severance

Every April, our collective stress level rises as we scramble to meet our tax deadlines. Particularly tricky federal tax issues come up when an employee either receives money from a lawsuit settlement with his or her employer, or severance pay upon leaving a job. In most situations both are taxable as income, but subtleties in the law create some exceptions. Taxation of Settlements Generally A settlement is an agreement reached between parties to a lawsuit. Usually the plaintiff receives money damages to compensate for his or her injury, and in exchange agrees to ...

North Carolina's Contributory Negligence Rules Outdated and Unfair

Imagine that you were in a bad car crash. Not only was there extensive property damage to your vehicle, but you also suffered severe injuries and have thousands of dollars in unpaid medical bills to prove it. In an attempt to recoup your losses from the insurance company of the driver who hit you, you file a personal injury lawsuit. While there is some question about whether the other driver is 100% at fault, you are confident that he is at least partially responsible for your losses. The court, however, disagrees and finds you shared fault - 10% of it - for causing ...

Public Outcry for FDA Reform

High-profile, deadly and previously undisclosed side-effects of mass-marketed prescription medications like Vioxx and Avandia have consumer watchdog groups, medical professionals and the public at large wondering if the Food and Drug Administration can stem the tide of "bad medicine." Most people think of the FDA as the gatekeepers of our country's food and medical supplies - there to prevent any harm from befalling us, responsible for making sure that only the highest quality products hit the marketplace. Unfortunately, in its quest to be better, the FDA may have hindered ...

Federal and Florida State Policies Put Bikes on More Equal Footing

Today cyclists are a familiar sight on Florida's streets, but it has only been in the last generation or so (since the 1970s) that cycling among adults has really taken off. Before that, cycling was generally regarded as a children's pursuit. While many Florida roads have had bike lanes added to them, in many cases it's not a perfect fit, and on other roads adding bike lanes has proved difficult due to traffic patterns, natural and man-made obstacles, and expense. In March of 2010, Transportation Secretary Ray LaHood announced a major policy change, saying that it was ...

An Increase in Efforts to Enforce Financial Fraud Crimes

Federal officials are not keeping secret their escalated efforts to prosecute financial fraud crimes involving U.S. government funds as well as U.S. government-backed or government-insured funds. Prior to the economic turbulence of the past few years, civil and criminal actions against firms suspected of defrauding government agencies or their proxies were mostly separate matters. But FBI investigators and Department of Justice prosecutors have announced their intention to investigate alleged wrongdoing involving federal funds, and individual criminal indictments have become ...

Too Much Plastic Surgery Can Have Devastating Effects

Medical malpractice claims against plastic surgeons can involve a variety of procedures. Patients who undergo breast implants, breast reduction, liposuction or facelifts may have to consider legal action if the medical professional they trusted caused severe scarring, infection, disease, malformation, tissue damage or other unexpected and often unexplained results. People who sought vast improvements in their personal appearance may face a future of embarrassment, pain, discomfort, medical complications and corrective surgeries. But imagine the combined effect of undergoing ...

High Stakes for Overdue Borrowers: Are Debtors Prisons Coming Back?

Overwhelming debt puts plenty of pressure on borrowers who must endure constant creditor harassment while they choose which obligations to face during difficult financial times. But that is a minor nuisance compared to spending a night or two in jail. The practice of locking up debtors who fail to respond to legal notices is not practiced everywhere, but reports from communities across the country reveal that debt collection companies have enlisted local authorities to use the full force of the law in enforcing warrants for even minor debt. Formal debtor's prisons were ...

The Dodd-Frank Act: Financial Reform and New Whistleblower Protections

President Obama's July signing of the Dodd-Frank Wall Street Reform and Consumer Protection Act brings increased oversight to an industry that many feel recklessly brought about "The Great Recession" and sent the economy into a tailspin. The stated aims of the new law include improving transparency and accountability in the financial system, ending bailouts by American taxpayers, putting an end to the idea that any institution is "too big to fail," and protecting consumers from improper financial services practices. One important strategy is the extension of incentives ...

A Backlog for SSDI Cases: Is Help on the Way for Disability Applicants?

One little known side effect of the prolonged recession is a rise in the number of applications for Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI). In an average year, the Social Security Administration considers 2.5 million applications for disability benefits. But cases were up by 20 percent over the past year and are likely to increase to well over 3 million in the coming year, according to SSA chief actuary Stephen Goss. One obvious reason is that workers who have endured disabilities may decide to seek benefits after losing a ...


How your brain decides blame and punishment -- and how it can be changed

Uniquely human brain region enables punishment decisions

Pinpointing punishment

Chapman University publishes research on attractiveness and mating

E-cigarettes: Special issue from Nicotine & Tobacco Research

Placental problems in early pregnancy associated with 5-fold increased risk of OB & fetal disorders

UT study: Invasive brood parasites a threat to native bird species

Criminals acquire guns through social connections

Restoring ocean health

Report: Cancer remains leading cause of death in US Hispanics

Twin study suggests genetic factors contribute to insomnia in adults

To be fragrant or not: Why do some male hairstreak butterflies lack scent organs?

International team discovers natural defense against HIV

Bolivian biodiversity observatory takes its first steps

Choice of college major influences lifetime earnings more than simply getting a degree

Dominant strain of drug-resistant MRSA decreases in hospitals, but persists in community

Synthetic biology needs robust safety mechanisms before real world application

US defense agencies increase investment in federal synthetic biology research

Robots help to map England's only deep-water Marine Conservation Zone

Mayo researchers identify protein -- may predict who will respond to PD-1 immunotherapy for melanoma

How much water do US fracking operations really use?

New approach to mammograms could improve reliability

The influence of citizen science grows despite some resistance

Unlocking secrets of how fossils form

What happens on the molecular level when smog gets into the lungs?

Using ultrasound to clean medical instruments

Platinum and iron oxide working together get the job done

Tiny silica particles could be used to repair damaged teeth, research shows

A quantum lab for everyone

No way? Charity's logo may influence perception of food in package

[] Improving a Business' IQ: Strategies to Make Business Work Better Through Research
National Science Foundation grant helps fund Olin Business School new research. is a service of DragonFly Company. All Rights Reserved.
Issuers of news releases are solely responsible for the accuracy of their content.