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A study that examined variances in the decision-making processes that managers and entrepreneurs in large organizations use is presented. The study confirmed that entrepreneurs are more likely than managers to use heuristics and decision-making biases. The study's results show that the behavioral differences between entrepreneurs and managers are substantial.

Study results show that Singaporean entrepreneurs who rate highly on risk-taking propensity or tolerance for ambiguity are in a better position to counteract the impact of role stress in their entrepreneurial role. Such entrepreneurs can therefore expect better performance outcomes. Several constraining circumstances can explain the weaker interactive effects revealed by the study.

The research department in an organization can learn much from the principles of Warren Buffett. Buffett is one of America's richest people and has been recognized as the world's greatest investor. His success comes from studying company reports and its fundamental economies. He believes that it is essential to maintain candor and to be able to resist institutional imperatives to gain new insights. The same principles can be applied to industrial research. Managers need to encourage competition-based learning which encourages candor and resistance to institutional imperatives.

David Buttross, owner of Buttross Properties, has registered his Buttross Savings Association with the Texas Department of Savings and Mortgage Lending. The company will provide single-family home mortgages for affordable houses. Buttross is expecting the bank to employ five to 10 workers.

Family ties do not necessarily hold a business together. A company's founder, a 40% stockholder, was fired when his brother, also a 40% stockholder, joined forces with a third partner, a 20% stockholder. The founder could have protected himself through an employment contract, a buy-sell agreement, or a deferred-compensation plan. After hiring a lawyer, he eventually received $480,000 for his 40% stake.

Here are three reasons why it's important for business travelers to be more diligent about preserving their health: Travel is more global. Diseases that may be more prevalent in one [...]

Growing businesses share their experiences in creating and marketing new products and services. Ron Sherman was an on-the-air television personality in Little Rock, Ark., for more than 25 years, but [...]

Ever wonder how to grab a journalist's attention? He doesn't advertise his business. He turns away nearly every Fortune 500 company that comes calling. He works with clients only if [...]