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Browse Archives by Keyword

Keyword: Management

Job Flexibility Enhances Working Mothers’ Career Aspirations and Reduces Gender Gaps
March 1, 2022
Bear, Julia B.

The gender gap in pay in the real estate industry is larger than the average gap across industries, and there are also stark gender gaps in career advancement to top leadership positions in the real estate industry. This research explores how job flexibility increases, rather than detracts from, promotion aspirations among working mothers, an important implication for managers looking to recruit and promote female employees and chip away at persistent gender gaps.

Management
Eliminating Toxicity through Servant Leadership
March 1, 2022
Hunter, Emily M.; Neubert, Mitchell J.; Tolentino, Remy C.

Incivility, rudeness, and a general disrespect for others has risen steeply in the workplace in recent years, affecting not only employees, but also customers and third parties in contact with employees. Servant leaders, those who put the needs of others above their own, serve as a critical force in preventing group-level incivility through promoting a virtuous work climate.

Management
What to Look for in Your Next Sales Hire
March 1, 2022
Hochstein, Bryan; Satornino, Cinthia B.; Allen, Alexis M.; Dugan, Riley; Bolander, Willy

What do you prioritize on a job candidate resume? Prior selling experience or a formal sales education? Our research examines the effects of both on newly hired salespeople's performance trajectories over time, along with the impact of manager coaching behaviors. Our results provide insights into the benefits and drawbacks of each hiring heuristic along with recommendations for how to coach new salespeople depending on which heuristic led to their hire.

Management
INSIDER: Shut Up and Listen!
March 1, 2022
Koehler, Kristen

In his latest book, business leader Tilman Fertitta emphasizes that even when you think your business is performing at its best, there is always something lurking around the corner that could make your business obsolete. Fertitta warns that you should never, ever stop worrying about your business.

Management, Insider
Marketing Your Agents: Effort vs. Talent
December 1, 2021
Leung, Fine F.; Kim, Sara; Tse, Caleb H.

When highlighting exceptional performance of real estate agents, firms often credit the success to either sheer effort or natural talent. The way in which you market your agents, though, can impact their relationship formation with clients and, ultimately, the success of your firm.

Management, Marketing and Sales
How Work-Family Balance Impacts Workplace Success
December 1, 2021
Carlson, Dawn S.; Kacmar, K. Michele; Thompson, Merideth J.

Due to the nature of real estate, working beyond the walls of the office is accessible and frequently encouraged. But how does this balancing act impact others in your firm? We examine how an agent's family functioning relates to their interactions with coworkers, thereby shaping the coworker's job attitude and experiences.

Management
How to Communicate During Organizational Change
September 1, 2021
Neill, Marlene; Men, Linjuan Rita; Yue, Cen April

In real estate, it is important to integrate employee-centered, symmetrical communication into change management in order to yield employees who are engaged in the change process. Our research examines how communication between managers and employees can impact employee engagement, commitment to change, and behavioral support for proposed change.

Management
INSIDER: The Catalyst: How to Change Anyone’s Mind
September 1, 2021
Koehler, Kristen

Kristen Koehler, MBA Candidate People often tackle change by attacking the problem head on and pushing through obstacles no matter the amount of resistance. In The Catalyst, Jonah Berger explains why "roadblock elimination" is the most effective way to pursue change and how to become a change catalyst—someone who facilitates change—within your organization.

Insider, Management
Improving Sales Performance with Manager Likeability
June 1, 2021
Anaza, Nwamaka A.; Nowlin, Edward L.; Walker, Doug

Is it important for salespeople to like their managers? Research has established that people will do things for people they like, but does this have an impact on a firm’s sales performance? In this research, we examine several steps and practices that can increase your likeability as a manager, which can be a powerful driver of organizational sales performance.

Management, Marketing and Sales
INSIDER: Words that Change Minds
June 1, 2021
LeCompte, Brian

Good leaders understand the people they are leading well enough to know their “language,” which they then use to influence employees’ or followers’ decisions and actions. Learning the language that influences others is particularly important for managers and team leaders and is the focus of Shelle Rose Charvet’s book, Words That Change Minds: The 14 Patterns for Mastering the Language of Influence.

Management, Insider
INSIDER: Loonshots
June 1, 2021
Wilson, Kayla

Loonshots are ideas that, at face value, appear to be entirely outlandish, but that have the potential for great success. In Safi Bahcall's Loonshots: Nurture the Crazy Ideas That Win Wars, Cure Diseases, and Transform Industries, we learn that the vitality of loonshots extends into the board room and is dependent upon careful nurturing and cultivation of these loonshot ideas.

Management, Insider
Communication Climate and Organizational Identification: The Keys to Change Management?
March 1, 2021
Yue, Cen April; Neill, Marlene; Men, Linjuan Rita

Change is inevitable for long-term organizational sustainability, but change management is commonly viewed as a difficult endeavor. Our research identifies and examines two key factors that can increase the odds for success for your firm's change initiatives.

Management
Effects of Emotional Exhaustion on Ethical Behavior
March 1, 2021
Bolander, Willy; Lussier, Bruno; Hartmann, Nathaniel N.

With tight deadlines and sales goals to meet, agents often face temptations to behave unethically in order to get ahead. Our research suggests that unethical behavior actually decreases overall sales performance and that emotional exhaustion increases the likelihood of those unethical behaviors.

Management, Ethics
Avoiding Burnout to Preserve Performance
March 1, 2021
Dixon, Andrea; McFarland, Richard G.

Richard G. McFarland, PhD and Andrea L. Dixon, PhD Salespeople are subjected to high levels of stress on a day-to-day basis, which often leads to burnout. In this research, we examine how interpersonal mentalizing skills and oscillating between actively addressing stressors and giving yourself a break can reduce the chances of burnout occurring.

Management
INSIDER: The Ride of a Lifetime
March 1, 2021
Penraat, Corrie

Corrie A. H. Penraat, MBA Candidate In Robert Iger's Ride of a Lifetime, he shares the lessons he learned leading more than 200,000 employees as CEO of The Walt Disney Company for nearly 15 years. Through this journey, he explores the principles necessary for effective leadership in any business venture.

Management, Insider
INSIDER: Company of One
March 1, 2021
Brenton, Jacob

Jacob Brenton, MDiv/MBA In Company of One: Why Staying Small is the Next Big Thing for Business, entrepreneur Paul Jarvis discusses a variety of perspectives on how small business owners and entrepreneurs can redefine success in business, focusing on quality over quantity.

Management, Insider
INSIDER: The Technology Fallacy
December 1, 2020
LeCompte, Brian

How can companies best manage rapid and constant change in technology? We explore The Technology Fallacy, which suggests that managing technological disruption is not about managing technology at all—it is about managing people.

Management, Technology, Insider
How Psychological Resourcefulness Increases Sales Performance
December 1, 2020
Lussier, Bruno; Hartmann, Nathaniel N.

How can you increase sales with no new software, gimmick, or miracle? Our research examines how psychological resourcefulness, characterized by optimism and resilience, will help salesperson performance and the bottom line.

Management, Marketing and Sales
Is Internal Support Key to Building Customer Relationships?
September 1, 2020
Bradford, Kevin Duane; Liu, Yongmei; Shi, Yuying; Weitz, Barton; Xu, Jun

A customer’s problem is the opportunity for the salesperson to create value for customers. This research investigates how the buyer-seller relationship is affected by the effectiveness of the salesperson’s ability to coordinate internal resources.

Management
Bottom-Line Mentality: How it Affects Performance
September 1, 2020
Quade, Matthew J.; McLarty, Benjamin D.; Bonner, Julena M.

Profits are essential to managing a business, but can an emphasis on the bottom-line impact employees? Our research examines how supervisors with high bottom-line mentality garner negative perceptions from employees, leading to decreased employee performance.

Financials, Management
Ensuring Newcomer Agent Success
June 1, 2020
Claro, Danny P.; Ramos, Carla; Gonzales, Gabriel; Palmatier, Robert

Even as U.S. companies spend more than $900 billion on building sales forces, salesperson turnover has reached 27%, and average tenures are as short as two years. This article addresses how your firm can help new agents successfully gain entry into a network of interconnected contacts.

Management
Office Politics: Training Ground for Adaptive Sellers
June 1, 2020
Kimura, Takuma; Bande, Belen; Fernandez-Ferrin, Pilar

Although much research has been focused on a salesperson’s externally directed behavior, we found that political skill and intrinsic motivation have effects on adaptive selling and sales performance. In light of this evidence, we recommend that every sales manager assist his/her salespeople with developing these intrapreneurial abilities.

Management, Marketing and Sales
Entrepreneurship: The Path to Well-Being
March 1, 2020
Shir, Nadav; Nikolaev, Boris; Wincent, Joakim

Entrepreneurs typically enjoy higher levels of job and life satisfaction. However, in contrast to the benefits, entrepreneurs may also experience high stress and longer working hours, while also fearing lower income. In this study, we examine how autonomy mediates the relationship between entrepreneurship and personal well-being.

Management, Service
Dodging Burnout and Minimizing Turnover
March 1, 2020
Christensen-Salem, Amanda; Wu, Cindy; Walumbwa, Fred; Hsu, I-Chieh; Misati, Everlyne

Studies have shown that service-related jobs, like those in real estate, can have negative impact on employees, including burnout and decreased motivation, leading to higher employee turnover. Our research examines how agencies and managers can lessen these impacts on their employees and decrease turnover within their organization.

Management
Boosting Sales Force Morale in Highly Dynamic, Complex Markets: The Role of Job Resources
March 1, 2020
Panagopoulos, Nikolaos; Hochstein, Bryan; Baker, Thomas L.; Pimentel, Michael A.

Improving sales force morale can be a valuable strategy to enhance job performance and reduce employee turnover. Despite the benefits that can come from high morale, little is known about what factors impact it. We examine what market demands impact morale and what resources you can leverage to boost morale in your organization.

Management
The Risks of Ethical Behavior
December 1, 2019
Quade, Matthew J.; Greenbaum, Rebecca L.; Mawritz, Mary B.

At every firm, there are employees who will adhere to a strict ethical standard and those who value performance above all else. Our team examined what happens when there are disparities in ethical practice and job performance between employees and how ethics may have unintended consequences on the social landscape of your office.

Management, Ethics
Out of Office: What Type of Employee is Best Suited for Remote Work?
September 1, 2019
Hunter, Emily M.; Perry, Sara Jansen; Rubino, Cristina

Many U.S. employees believe working from home—or at least away from the office—can bring freedom and stress-free job satisfaction. But our recent research says, not so fast.

Management
Intellectual Humility
September 1, 2019
Arauz, Maria

Humility is necessary to reach the heights of success. Recognizing there are gaps in your knowledge, being open to that realization, and working humbly to learn more is a hallmark of intellectual humility and a starting point for greatness for you and your team.

Management, Service
INSIDER: Leaders Eat Last
September 1, 2019
Snider, Zack

Understanding the attitudes and emotions behind work environments is paramount to leadership success. In this article, we examine Simon Sinek's Leaders Eat Last and explore how building a "circle of safety" can benefit your real estate firm.

Management, Insider
Networking: The Difference in Knowing and Doing
June 1, 2019
Kuwabara, Ko; Hildebrand, Claudius A.; Zou, Xi

Networking can be a difficult issue for real estate professionals, and navigating that reality is key to successfully expanding professional ties to produce benefit for a firm, client, or project. This research examines how individuals' mindsets about networking affect their motivation to engage in networking.

Management
Sharing Market Intelligence Among Salespeople
March 1, 2019
Hall, Zachary R.; Mullins, Ryan R.; Boichuk, Jeffrey; Syam, Niladri

Zachary R. Hall, PhD, Ryan R. Mullins, PhD, Niladri Syam, PhD, and Jeffrey P. Boichuk, PhD Understanding the changing dynamics of customers and competitors in your market is a cornerstone for maintained success. This information, known as market intelligence, helps improve decision-making, especially in real estate. But how do we utilize it in an agency context to bolster sales?

Management, Marketing and Sales, Technology
INSIDER: The Culture Code
March 1, 2019
Azavedo, Arjun

Arjun Azavedo, MBA Candidate In his book, The Culture Code, Daniel Coyle draws from a unique range of anecdotes and experiences to display how finding similarities in diverse groups can aid in effective leadership and communication.

Management, Insider
Boundary Conditions of Ethical Leadership: Stress as a Potential Inhibitor
December 1, 2018
Hunter, Emily M.; Perry, Sara Jansen; Quade, Matthew J.

In this article, we study the relationship between ethical leadership and employee deviance and turnover intentions, considering the role of hindrance stress from the leader and the job. Our findings show that ethical leaders who also impose additional demands are perceived to miss the mark in providing proper social support are likely to have deviant or withdrawing employees.

Management, Ethics
Salesperson Ambidexterity and Customer Satisfaction
December 1, 2018
Jaramillo, Fernando; Agnihotri, Raj; Krush, Michael; Gabler, Colin B.; Itani, Omar S.

To remain competitive, salespeople must provide excellent service while still reaching their sales quotas. When these two ideas converge, sales-service ambidexterity is achieved. But how can sales managers encourage their sales associates to reach this medium?

Management, Customer Relations
The Influence of Political Skill on Sales Outcomes
December 1, 2018
Li, Jie; Sun, Gong; Cheng, Zhiming

It is widely recognized that political skill enables employees to secure valuable resources within their own companies and to promote positive outcomes with customers. In this article, we examine the effect of political skill in the sales context and draw conclusions for real estate professionals.

Management, Customer Relations
INSIDER: The Multigenerational Sales Team
June 1, 2018
Ratliff, Clint

Buyer and seller markets are now comprised of multiple generations that not only see the world differently, but also value vastly different lifestyles. While the differences between generations provide obstacles to overcome, it is also important to recognize the accessibility, innovation and collaboration these differences provide for the workplace.

Management, Marketing and Sales, Insider
Reducing Employee Cynicism and Time Theft Through Empowering Leadership
June 1, 2018
Lorinkova, Natalia M.; Perry, Sara Jansen

What kind of relationships do you have with those who report to you and with your own boss? We study these relationships in conjunction with empowering leadership to suggest that the better these relationships are, the better position leaders are in to positively influence their employees.

Management
Networking Benefits for Real Estate Professionals: Men and Women are Different
June 1, 2018
Macintosh, Gerrard; Krush, Michael

Research shows that men and women network differently and benefit differently from networking. In our research, we examine different types of networking benefits for female and male real estate professionals which allows us to offer suggestions for more effective networking.

Management
Importance of Motivation to Career Success
December 1, 2017
Sok, Keo Mony; Sok, Phyra; De Luca, Luigi M.

The need for fantastic sales professionals is greater today than ever before. Increasingly, clients demand sales professionals provide exceptional customer service that coincides with meeting those desired results. To this, motivation is key.

Management, Marketing and Sales, Service, Customer Relations
Combatting a Stigma Begins with You
December 1, 2017
Wieseke, Jan; Mikolon, Sven; Kreiner, Glen E.

Stigma is inherently problematic for any worker but is particularly detrimental for real estate agents and other sales representatives. Stigma can be detrimental to agents because job performance and personal well-being depend greatly on favorable interactions with customers.

Management, Customer Relations
How Customer Satisfaction Affects Employee Job Satisfaction
December 1, 2017
Zablah, Alex R.; Carlson, Brad D.; Donavan, Todd; Maxham, James G. III; Brown, Tom J.

Firms often prioritize frontline employee job satisfaction, hoping that satisfied employees will lead to satisfied customers. In real estate, this implies that improvements in agent satisfaction are expected to increase client satisfaction. According to our research, these agencies may be missing an important opportunity.

Management, Customer Relations
Combatting Real Estate Professionals’ Insecurity
September 1, 2017
Flint, Daniel J.; Zablah, Alex R.; Chaker, Nawar N.; Schumann, David W.

Have you ever felt insecure in your career? Have you ever doubted your ability to fulfill your job duties? If so, you are certainly not the only one in your field experiencing these emotions. While most are unwilling to admit their insecurity or discuss their self-doubt with their peers, insecurity is common among sales professionals.

Management
Is the Customer Really King?
June 1, 2017
Plouffe, Christopher; Bolander, Willy; Cote, Joseph A.; Hochstein, Bryan

The modern real estate agent's business relationships today transcend obvious interactions with customers and now also include the internal business team and external business partners. The successful agent must skillfully manage these three relationships to complete the transaction.

Management, Marketing and Sales
Forgiveness on Your Team: Role of Cohesion and Collective Action
June 1, 2017
Tsang, Jo-Ann; Irwin, Kyle; Carlisle, Robert; Johnson-Shen, Megan

Forgiving a transgressor plays a monumental role in team or group dynamics. At a team level, forgiveness can impact the cohesiveness of the team or collective action.

Management
Outperforming Whom? Performance-Prove Goal Orientation
March 1, 2017
Dietz, Bart; van Knippenberg, Daan; Hirst, Giles; Restubog, Simon Lloyd D.

Many people are driven to perform and succeed, especially when that drive comes from competition to outperform others. Competition and personal performance can be beneficial traits to people in performance-driven professions. But, how do people alter their drive to compete when they become members of a team?

Management
INSIDER: A Beautiful Constraint - Turning Obstacles Into Opportunities
March 1, 2017
Jonnabhotla, Anand

In the book, A Beautiful Constraint, the authors, Adam Morgan and Mark Barden, take us through a series of real-world examples that show how constraints can positively impact a project and, in turn, help develop successful sustainable solutions.

Management, Insider
Newly Hired Agents Who Fail Should Try, Try Again
December 1, 2016
Boichuk, Jeffrey; Hall, Zachary R.; Ahearne, Michael

Salespeople’s roles are far from failure-proof. In fact, approximately 50% of salespeople fail to reach their annual sales targets.

Management, Marketing and Sales
How Emotional Intelligence Shapes Sales Outcomes Through the Stressful Sales Role
December 1, 2016
Shervani, Tasadduq A.; McFarland, Richard G.; Rode, Joseph C.

Salespeople with higher levels of emotional intelligence (EI) are better salespeople, right? After investing a great deal in the training of EI, firms are starting to wonder if those investments are well spent.

Management
Integrating Psychological Capital into Your Sales Organization
December 1, 2016
Friend, Scott; Johnson, Jeff S.; Luthans, Fred; Sohi, Ravipreet

It’s no secret that a positive outlook can have dramatic impacts on a person’s day-to-day activities. In fact, according to the Mayo Clinic, positive thinking can result in increased life span, lower rates of depression, and better psychological and physical well-being.

Management
Tethered to Work: How Mobile Devices Impact Family Conflict, Work Commitment and Turnover
September 1, 2016
Ferguson, Merideth; Boswell, Wendy; Butts, Marcus; Carlson, Dawn S.; Kacmar, K. Michele; Whitten, Dwayne

For sales professionals in real estate and other industries, life in the digital world presents numerous challenges. Since mobile devices are the norm, work extends far outside the boundaries of the office and expectations are high for immediate response.

Management, Technology
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Hankamer School of Business

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