A Blog about Finance & Investing

The History of the Federal Financial Institutions Examination Council

By Samuel Phineas Upham Under the Economic Growth and Regulatory Paperwork Reduction Act, Federal law required a review of banking regulations once every ten years. The hope is that these recurring reviews will catch outdated legislation and suggest ways to improve it, which is one of many jobs that the Federal Financial Institutions Examination Council does. The following is a brief history of this Council, and a...

Innovating knowledge communities An analysis of group collaboration and competition in science and technology – Part 3

By Samuel Phineas Upham Part 3 Knowledge communities that use unique knowledge will perform better. Now we turn from the way knowledge communities use knowledge to the way they use, in aggregate, rhetoric. Knowledge communities are largely text-based—that is, the primary form of communication between members is through articles. Knowledge communities have a particularly difficult signaling problem: Members need to...

Innovating knowledge communities An analysis of group collaboration and competition in science and technology – Part 2

By Samuel Phineas Upham Part 2 Search The search strategies used in research have been found to be very important to the resulting nature and degree of innovation. James March (1991) described two strategies firms could use when searching for new ideas or technologies. An explorative search strategy focuses on searching through unfamiliar material in the hopes of a breakthrough that would expand an area of...

Innovating knowledge communities An analysis of group collaboration and competition in science and technology

By Samuel Phineas Upham Part 1 Abstract A useful level of analysis for the study of innovation may be what we call ‘‘knowledge communities’’—intellectually cohesive, organic inter-organizational forms. Formal organizations like firms are excellent at promoting cooperation, but knowledge communities are superior at fostering collaboration—the most important process in innovation. Rather than focusing on...

Personal Essay by Samuel Phineas Upham

By Samuel Phineas Upham Three years ago in my 10th grade English class I was given the assignment to write journal; writing a personal essay reminds of that assignment. I am often moved by the preciousness of time, a concept abundant in poetry, especially in Andrew Marvell’s poem “To his Coy Mistress.” This notion really made an impression on me when I was asked by my teacher back then to keep a daily journal....

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