Older Restaurant Managers 'More Risk Averse', Study Finds
UFSC study shows prolonged tenure leads managers to favour conservative actions.
Tempo previsto
16/4/2025
Emotional balance & affect crucial for journalists amid tech advances.
Backin the 2010s, the journalist from Paranaguá, Luiz Geraldo Mazza, commented on aradio station in Curitiba: "There's too little information, we needmore". Intelligent and hip, he's been reporting news since the 50s – andhe's still standing tall like an Araucaria tree. At the time, he was referringto a type of reporting that was replaceable. That is, how could a reporter'sdescription be better than a live video broadcast?
Thestones of the public walkway know that surveillance cameras and those attachedto cell phones have changed the way we consume news, because videos from thesecameras recurrently illustrate website homepages and prime-time television.
Integrationhas to do with interpersonal relationships and a sense of inner fulfillmentsufficient to navigate delicate moments.
Butnot so fast. This isn't the end of the activity, as happened with charging forparking tickets. The reporter of this decade is even more necessary than in theprevious one, since Mazza's dreams have come true. One of the most prominentchallenges is to remain relevant to oneself, to the purposes that led one tomark "Journalism" on the university entrance exam application.
Amultimedia reporter is not necessarily an integrated reporter. A multimedianewsroom is not an absolute synonym for an integrated newsroom. Multimedia isrecording video, writing for the blog, taking quality photographs. Integrationhas to do with interpersonal relationships and a sense of inner fulfillmentsufficient to navigate delicate moments.
TheThree Ego States
Inthe first pages of the book "What Do You Say After You Say Hello?",psychiatrist Eric Berne presents three types of what he called "egostates". We tend to recall analogous theories, searching for parallels. Onthe other hand, I invite you, the reader, to stay in the "here andnow" as a way to put into practice what transactional analysis (the nameof Berne's main theory) proposes. When we communicate from the "adult egostate", we analyze the environment objectively (while in the"parent" and "child" states, the mind is focused on pastreferences).
Farfrom needing ten pages of introduction, plus twenty on methodology and thirtythat no one wants to read anymore, transactional analysis offers an approach tobe applied immediately. It's a sophisticated simplicity that serves as aparameter for every sentence uttered by a reporter. It's when one can hold upto the mirror the old practice of "separating the wheat from the chaff,and publishing the chaff". It serves the profession as a whole, as aphilosophy of life indicated for journalists.
Inthe world of live streams and competitive newsrooms, there is also the delicateissue of post-truth. I call it delicate because, somehow, the conception ofthis idea is embarrassing. It's as if the renowned "bourgeoisjournalism", so-called by the Frankfurt School, lost its footing in theface of "network" communication, instead of "beam". Andsuch a network, like many of us who interact without any need for a matrixstimulus, such as a headline, for example, is more focused on how it feelsabout what it consumes than with the degree of accuracy of the reporting.
Whereis the Reporter?
Thecommunication academy has been looking at the issue of affectivity and callsthe relationship between advisors and researchers a "doubleexchange". But these are words from articles, more or less like bandanason the invisible man. A powerful and creative tradition of succession hasalways existed in learning relationships – in a more or less useful way. It issaid that in the past, the intern who had just arrived at the TV station wasasked to go to the competing station to borrow a "colorbar ruler". I'venever seen this happen in real life, but it's a type of humiliation that, evenimagined, is part of corporate folklore.
Whenyou leave the newsroom with a fixed idea for a story, there is no relationshipwith the source. There is the risk of fiction, superficiality, and, why not,malice. With the journalism profession in tow, the individual reporter hastheir own transactions amplified. It is theirs the relationship with the clientof the sponsored content, with the editor with whom they will discuss what isor isn't news, with the interviewee. At this point, reader, is where theintellectual and emotional health of the reporter has to do with those peoplefrom the network in the paragraph above who want to feel things and not collectthem.
Whenyou leave the newsroom with a fixed idea for a story, there is no relationshipwith the source. There is the risk of fiction, superficiality, and, why not,malice. A reporter prepared for emerging technologies is, first, aware ofthemselves and their vocation. Then they can use Instagram – and show thedifference a professional journalist makes.
Originally published in OrbisMedia Review.
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Reporter evolves with A/V & web, human core stays.
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UFSC study shows prolonged tenure leads managers to favour conservative actions.
A recent study published in the *Revista Turismo, Visão e Ação* (RTVA) reveals that older managers with longer tenures in restaurants tend to be more risk-averse in their corporate decisions. The research, conducted by researchers at the Federal University of Santa Catarina (UFSC), analyzed data from over 2,000 restaurants in Europe between 2014 and 2016.
The study, titled "Influence of Management Team Characteristics on Risk Decision-Making: Evidence from the Restaurant Sector," utilized the Amadeus database and employed the least squares method to analyze the relationship between manager characteristics – age, tenure, gender, and team size – and the companies' level of financial leverage, used as a risk-taking indicator.
The results showed a significant negative correlation between the age and tenure of managers and their propensity for risk. Older managers and those who had held the same position for a longer period demonstrated a preference for more conservative decisions, opting to maintain the status quo rather than adopting innovative or risky strategies.
Contrary to some expectations, the study found no significant relationship between the size of the management team or female participation and risk-taking. Although previous research has suggested a possible influence of these factors, the data analyzed did not confirm this hypothesis in the specific context of the restaurant industry.
The authors suggest that the risk aversion demonstrated by more experienced managers may be related to the prioritization of stability and the reputation built throughout their careers. Familiarity with the sector and a concern to preserve accumulated gains may lead them to avoid decisions that represent potential threats to the business.
The study's findings have significant implications for restaurant management. The research suggests that the composition of the management team can directly influence the strategy and performance of companies. Restaurants with younger managers may be more willing to innovate and take risks, while those led by more experienced managers may prioritize stability and financial security.
The researchers highlight the need for further studies to deepen the understanding of the relationship between manager characteristics and decision-making in restaurants. Investigating psychological factors, such as individual risk tolerance, and analyzing data from a longer period could enrich the discussion and provide more precise insights for the sector.
Lack of updates and context erodes reader trust.
A journalistic suite is the continuation of a news story in new articles that update previous ones. Something like: "Two people were injured in an accident"; then, "Men injured in accident undergo surgery"; further, "Men injured in accident discharged from hospital"; and finally, "Company responsible for accident involving injuries fined." All these sensational headlines relate to the same original event.
Not every type of news warrants a continuation. Some events and accomplishments have the momentum for a single appearance. However, to appear once or several times in the newspaper, the "thing" must truly be news, which basically means it's not advertising or propaganda – but that's a topic for another time.
In terms of format, a suite is no different from a new news story. After all, a continuation only exists when a new fact is revealed. But it's in style, from what I've observed, that the "marmita das suítes azedou" – meaning why they've lost momentum in recent years. ("Marmita das suítes azedou" is an idiom meaning roughly that the suites have gone stale or lost their appeal).
Let's take a police investigation as an example. Journalism of both good and poor quality is interested in criminal stories. However, in both types of quality, a flavor of vice remains, perhaps originating from the pleasure of "scooping" (when a journalist is the first to report something). It's a haste that hinders more than it helps: not infrequently, versions are presented that collaborate with a story one wants to tell, which may have nothing to do with what actually happened.
In the case of Armed man threatens Black youth in São Paulo, and police officer refuses to act because she's 'off-duty'; watch video (sense-based translation), for example. This is a story that quickly captured the attention of journalists and the public because a video proves not only the omission of a police officer but also her aggression against a young man. Here, whether the police officer was right or wrong is not under discussion. At the same time, due to the lack of suites, the broader context of the three-minute video was missing.
A story told because of its intriguing nature can yield minutes of viewership and an increase in website visitors. However, without continuity, it's shooting oneself in the foot. In 2023, the Reuters Institute's Digital News Report identified that Brazilians' trust in journalism is 43%, a decrease of 19 percentage points since 2015. Statistically, the downward trend may reach 41% in 2024. In this scenario, all resources of intelligence and integrity are welcome to improve these numbers.
Suites are an opportunity to assure the public that editorial choices represent, even if against the majority view, the vehicle's commitment to a story told from beginning to end, with all its nuances. For this, the editorial line as a whole, and even more so the reporters and editors, must approach investigative activity with the detachment of recounting things as they are, and not as they should be.
