In basic economics, students often hear of the concept of “the tragedy of the commons.” In overly simplistic terms, this is a situation in which many individuals share a limited resource. Each individual, acting in their own self-interest, exploits the resource since doing so does not really harm them, but the overexploitation is not in the best long-term interest of the group. The end result is that all suffer eventually. Examples would include farmers pulling more than their share of water from a common source until all the water is gone, destruction of a park by overuse, and so on. (more…)

David McIntosh, candidate for the U.S. Congress, meets with Falls School of Business students to discuss global trade, U.S. policy, and the assessment of economic and political risks for business.

Anderson University is a private Christian university of 2,600 undergraduate and graduate students in central Indiana. Anderson continues to be recognized as a top Christian college: in 2011, U.S. News and World Report ranked Anderson University among the best colleges and universities in the Midwest for the eighth consecutive year. Established in 1917 by the Church of God, Anderson University offers more than 65 undergraduate majors and graduate programs in business, education, music, nursing, and theology. Falls School of Business is one of Anderson University’s largest academic departments offering eight undergraduate majors as well as MBA and DBA programs. The school is accredited by the Accreditation Council for Business Schools and Programs (ACBSP) and is a member of the Christian Business Faculty Association (CBFA).

Senior Falls School of Business global business major Ashley Ledford has been selected to attend the 2012 Partner Summit in New York City, February 7-8, 2012. (more…)

Mark Motluck, business law professor at Anderson University, points out that 76 million Americans were born between 1946 through 1964 and many of these baby boomers are business owners who will be retiring and leaving the business world over the next 20 years. If you are one of the boomers, he asks, have you planned your exit strategy? (more…)

Social engineering is the process by which intruders gain access to your facilities, network and even employees by exploiting the generally trusting nature of people. (more…)

There is often a tendency, when things turn out differently than expected, to look for a scapegoat. Someone, or something, has to be to blame when sales don’t materialize or costs come in higher than anticipated. (more…)