Supply and Demand
Business seems easy, right? People need things. Fill a need and do it better than the rest. Buy low, sell high. Those are the basics, yes, but you need to know more — a lot more — to compete with everyone else who’s trying to do the same basic things.
Knowing more is where we come in.
Students in the Clarkson School of Business do research. Our lab is the market, which is everywhere. And, fortunately, the market has answers. Often, they’re not the answers people want to hear. This is why there’s always an opportunity in business.
If you ask the right questions and have the character to hear the answers, you will gather the information you need to succeed. We’ll help you frame the questions and interpret the data. Then, you’ll be able to supply more and better information and you’ll be in demand.
Some current research projects:
With the growing need to jump start economies across the U.S., communities are investing in entrepreneurial stimulus with the hopes of creating jobs and rejuvenating the business climate. New York State is doing this by offering benefits like tax exemptions, venture funding, and world-class mentors. Now that these benefits are available through business accelerators, incubators, business plan competitions and universities, there is no longer a shortage of opportunities to develop business ideas for the motivated entrepreneur. However, with all these opportunities, entrepreneurs and startups find themselves still struggling if an encouraging community fails to support these efforts. This research is an attempt to determine the specific actions that can help startups develop more quickly in order to attract financial investments sooner.
Renewable Distributed Power Generation
The global electric power industry is evolving from large centralized power plants owned by the utilities to one that is more diverse — both in sources of generation and ownership of the generation assets. They are “distributed” because they are placed at or near the point of energy consumption. Distributed energy technologies are playing an increasingly important role in the nation’s energy portfolio. It also has the potential to mitigate congestion in transmission lines, reduce the impact of electricity price fluctuations, strengthen energy security, and provide greater stability to the electricity grid. Renewable distributed power sources cause uncertainties in the complex network of power generation and distribution in the near future that requires a great deal of research.