The Egypt Crisis: Why Global Inflation and Food Prices May Be Playing a Major Role in Instability Not Just in Egypt, But Around the World

In this interview with Neil Cavuto, Jerry Bowyer, author of “Free Market Capitalist’s Survival Guide,” discusses global inflation, food riots and their connection to the crisis in Egypt. Watch below and comment here on the blog:

David Wyld, Professor of Management
Southeastern Louisiana University

Wyld About Business (http://wyld-business.blogspot.com/)

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Sri Chennakeshava Temple, Sullia, in Dakshina Kannada District of Karnataka

Sri Chennakeshava Temple, Sullia, in Dakshina Kannada District of Karnataka

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New Article Analyzing Reverse Auctions in Government in the Journal of Public Procurement

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This is a very good scholarly article on the use of reverse auctions across government, both in the United States and around the world, that has just been published in the Journal of Public Procurement. It is entitled, "ELECTRONIC REVERSE AUCTIONS AND THE PUBLIC SECTOR: FACTORS OF SUCCESS." The article was authored by Moshe E. Shalev and Stee Asbjornsen, who are the Contracts Officer, and an Associate Procurement Officer, respectively, with the United Nations Secretariat Procurement Division in New York City. The very expansive article should be a must read for all involved in public procurement, as it speaks to the power of competition that reverse auctions bring to governmental acquisition. The article's Abstract is reproduced below:


ABSTRACT. Electronic reverse auctions (e-RAs) provide purchasers with an
opportunity for greater savings, transparency and administrative benefits.
This paper reviews the literature, identifying the factors relevant to public
sector e-RA success, and then tests these factors through a statistical
analysis of a large sample of e-RAs, with a view towards providing guidance
to public sector purchasers looking to conduct e-RAs. Our research found no
correlation between e-RA success and the number of bidders or auction
volume, but did find correlation between e-RA success and (1) competition
among suppliers, (2) purchase complexity, and (3) purchase specification.
The number of bidders was found to be correlated with competition among
suppliers, specification and complexity. Auction volume was found to be
correlated with none of the factors. We discuss the possible explanations for
our results and draw conclusions for public sector procurement managers to
consider when deciding whether to conduct an e-RA for a particular
purchase. 


Now, the article itself is a bit hard to access (unless you happen to subscribe to the Journal of Public Procurement. It resides on the Scribd website, and you can download it from this URL (although it may cost you unless you wish to post a document or presentation in return):


http://www.scribd.com/doc/39032383/Electronic-Reverse-Auction-and-the-Public-Sector-Factors-of-Success-Moshe-E-Shalev-Stee-Asbjorensen


Seek it out - well worth the trouble!

David Wyld, Professor of Management
Southeastern Louisiana University

Wyld About Business (http://wyld-business.blogspot.com/)

From the Reverse Auction Research Center: http://reverseauctionresearch.blogspot.com/ +++++++++++++++++++++++++++++ 

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World of Warcraft / Cataclysm / Getting Started With Archaeology

With the coming of Cataclysm there have been many changes, including the introduction of a new profession; Archaeology. It’s a secondary profession like cooking, meaning that you don’t have to give up one of your two main professions to learn it. It’s easy XP, too – so if you’re not doing it yet, you should really get on it.

Click here for step by step directions on getting started with archaeology!

Call It "Beef-ish" or "Beef Adjacent": Stephen Colbert Takes on Taco Bell's "Beef" Controversy

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Here at Wyld About Business (http://wyld-business.blogspot.com), we've been monitoring the news regarding Taco Bell that is rocking the fast food industry - and changing the plans of many in regards to their "fourth meal." See our coverage here:

Where's the Beef?: Taco Bell Sued Over Meat That's Just 35 Percent Beef - FoxNews.com

Now, Stephen Colbert and the Colbert Report have done their comedic take on the matter. Watch below and comment here on the blog:

The Colbert Report	Mon - Thurs 11:30pm / 10:30c
Gordita Supreme Court
www.colbertnation.com
Colbert Report Full Episodes Political Humor & Satire Blog</a> Video Archive

David Wyld, Professor of Management
Southeastern Louisiana University

Wyld About Business (http://wyld-business.blogspot.com/)

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How to Hook Your Wii Up to Netflix

I just got a Wii for Xmas and I had quite a time trying to figure out how to hook it up to netflix, so I thought I’d put this here for others who are having the same difficulty. Netflix is a really awesome site that allows you to watch pretty much whatever you want whenever you want for a low rate, and Wii is a game console made by Nintendo – the people that gave us Mario! :)

Click here for easy to follow directions on how to hook your Wii up to Netflix!

Exciting Times for IMAX Theater Goers...and for the Company Itself: Watch an Interview with IMAX CEO Richard Gelfond

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Exciting things are coming to an IMAX theater near you. In this story from Fox Business, IMAX CEO Richard Gelfond comments in Davos on the growing number of IMAX theaters, the forthcoming movies in IMAX format, as well as takeover rumors surrounding the company. Watch below and comment here on the blog:





David Wyld, Professor of Management
Southeastern Louisiana University

Wyld About Business (http://wyld-business.blogspot.com/)

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Netflix: Changing the Game in How We Consume Video and What It Means for Media Companies

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Here's a great story from Fox Business in a segment simply titled "What Makes Netflix Stand Out from Competitors?" In this clip, FBN's Shibani Joshi on why Netflix stands out from its competitors which include iTunes and Google TV. Watch below and comment here on the blog:

David Wyld, Professor of Management
Southeastern Louisiana University

Wyld About Business (http://wyld-business.blogspot.com/)

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