Vol. 2, N. 1 (jan./jun. 2025) | Hayek Global College Skip to main content

Hayek Business Review


Intellectual Property and Critical Information: Who is Responsible for Securing Your Most Valuable Assets?

L. Burke Files

Intellectual property and critical information (IPCI) have become essential assets for many companies, particularly in certain industries. Goodwill and intangible assets now account for an average of 85% of a company's value. However, companies are losing their IPCI at unprecedented rates due to theft, leaks, and accidental exposure. To help the company recognize the worth of its IPCI, this information must be identified and cataloged in an asset elements registry—a responsibility well suited to the treasury department. Once such a registry is established, protecting the IPCI becomes crucial. Operational security (OPSEC), a threat-based management approach, is the most effective tool...


The Accidental Publicist: My Unexpected Path from Music to Marketing

Nancy Thompson

I never intended to have a career in public relations. I grew up steeped in classical music, with a stage dad and three musically gifted brothers, all of whom attended Juilliard. At 17, I started my first job as a violist with the Filarmónica de las Américas in Mexico City, a dream start for any young musician.

But when you turn away from what others believe is your “one true talent,” as my father called it, what’s left?  It was one unexpected skill for me: I could type very fast. Determined to escape my rigid upbringing, I moved to Elmhurst...


New EU Rules for Importing Cultural Goods: What Art Collectors Need to Know by 28 June 2025

Pandora Mather-Lees and Holly Piggot

As of the end of June, new EU regulations will change how cultural goods, fine art, and antiquities enter the European Union from outside its borders. These changes matter—both for customs agents and art dealers. However, they also apply to anyone moving art internationally: collectors, auction houses, art advisers, insurers, and even the superyacht world.


The new legislation, Regulation (EU) 2019/880, along with two similar Acts, aims to protect cultural heritage and combat the illicit trafficking of art and artifacts. However, it also introduces a significantly more demanding regime for import compliance, which now includes new criteria. For example, works...


The Role of The Recruiting Function

James P. Tiberia

A recruiter who knows his or her industry and the various disciplines is an asset and partner to an organization’s Human Resource Department and respective hiring manager.  Recruiters are preferred over the cattle calls found on job boards because the professionals with the real talent and experience needed are not actively seeking work. Job boards serve as cattle calls, while recruiters look for the bespoke professional fit.

 

Knowing exactly what the client needs is step one for a recruiter. Starting a search without a complete and detailed understanding of the open candidate requisition wastes tremendous amounts of time for...


Exploring the Gray Areas of Corruption: Questions Without Easy Answers

Mike J. Masoud

Corruption, often associated with moral and legal wrongdoing, is a legal concept. Each country’s laws define the boundaries of corruption, specifying what constitutes unacceptable behavior and delineating the rights and duties of individuals and entities. However, the lines between ethical conduct and corruption are not always clear in business and governance. These ambiguous spaces, often called the "gray areas of corruption," pose profound ethical and practical dilemmas for businesses, governments, and individuals alike.

The Dual Nature of Corruption

Corruption can be viewed through two contrasting lenses: the rigid lens of law and the fluid lens of cultural and situational dynamics...


Citizenship Wisdom

David Lesperance

A key to risk management in business is an exhaustive set of plans for dealing with " what ifs.”

Napoleon Bonaparte was known for his meticulous planning. He often considered multiple scenarios and adapted quickly to changing situations. His contingency plans ensured survival even when facing seemingly insurmountable odds. His strategies frequently included rapid maneuvers, decisive attacks, and exploiting enemy weaknesses to secure victory or to retreat strategically when necessary.

But what if the issue is not a business plan but a survival plan for your family's health and wealth?


 


Drawing Inspiration from Wisdom: The Philosophical Foundation of the

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Exporting in 2 minutes, Sell/ Grow Into New Countries & The Hurdles Of Growth

Ginta R. Rubin

For a few short months, I had the opportunity to work with a family-owned freight forwarding company, and the owner was a very bright leader and passionate business consultant. She told me that “Exporting is a right and Importing is a privilege." It took me a minute to understand that sentence, and I would like to dive into the deep meaning of exporting in the next few paragraphs.

I noticed that more than ever, young companies are starting to think about exporting at much earlier stages of growth. The usual practice was for companies to exhaust all local opportunities, gather...