News from Northwestern University Kellogg School of Management
“In her dissenting opinion on a landmark 2018 Supreme Court case with major consequences for organized labor, Justice Elena Kagan pulled no punches.
“The Court’s conservative-leaning faction — composed of Justices Alito, Roberts, Kennedy, Thomas, and Gorsuch — had overruled a long-held precedent ‘for no exceptional or special reason, but because it never liked the decision,’ she argued. ‘It has overruled [the precedent case] because it wanted to.’
“Reading that opinion, Jörg Spenkuch, an associate professor of managerial economics and decision sciences at Kellogg, thought that it might hold the answer to a long-standing puzzle about the Court.”
How Companies Benefit From Corporate Social Responsibility
News from Northwestern Kellogg
“Corporate social responsibility has been a buzzword for a while. And it’s not hard to see how communities stand to benefit when firms are serious about CSR — be it by participating in a clean water campaign or having a large philanthropic presence.
“But what about the firms themselves? How does doing good affect their bottom line? Here, Kellogg faculty share research and perspectives on how companies can also benefit from engaging in socially responsible activities.”
How These Leading CEOs Are Tackling Gender Inequality
News from INSEAD
“Gender inequality in the workplace is an enduring problem. Many organisations are trying to find new ways to open doors to women’s advancement. But women often continue to feel that they don’t belong in male-dominated sectors or management ranks, which limits their willingness to walk through those doors. This is often driven by harmful social norms and stereotypes that are deeply ingrained.
“Recent research by INSEAD Professors Maria Guadalupe and Lucia Del Carpio shows that if organisations can address this perception head on when communicating about job posts, they can change this willingness. This can have a transformative impact on the potential of women in realms they previously might not have even attempted to enter.”
Harvard Business School Raises Nearly $1.4 Billion
News from Harvard Business School
“Harvard Business School raised close to $1.4 billion in the University’s recently concluded capital campaign, surpassing the school’s original goal by nearly $400 million, according to Business School Spokesperson James E. Aisner ’68.
“The University-wide fundraising effort, which began in 2013 and ended in June, brought in a grand total of $9.6 billion for Harvard, a record high for U.S. higher education fundraising.
“The campaign — the Business School’s second-ever — brought in $225 million designated for financial aid and $346 million for faculty and research. The inaugural campaign, which concluded in 2006, raised $600 million, at that time a record for business schools. ”
Kelley School Physician MBA Program Has Been Transforming Health Care Since 2013
News from Indiana University Kelley School of Business
“For the fifth consecutive year, a 2018 Gallup poll shows that Americans worry more about health care than any other issue. That’s why the Kelley School of Business at Indiana University has been training physicians nationwide to assume leadership roles — so they can address health care availability and affordability.
“The Kelley School launched the Business of Medicine Physician MBA Program in 2013, and its graduates are making a difference in health care systems across the country as they reduce patient wait times and the cost of care — all while improving access to care, quality of care and patient outcomes.”
The 3 Principles Of Wise Power
News from INSEAD
“One of today’s damaging and common leadership misconceptions is the confusion of power with external control. All too often, we think of power as the ability to direct or influence the behaviour of others, or to force the course of events to conform to a predetermined scheme.
“But there is an equally necessary kind of power, which is exerted inwardly. It turns out that power is as much about the ability to adapt to the world around us as it is about shaping the world. As the global business landscape becomes increasingly complex, our ability to develop our presence and gravitas has become an indispensable companion of authority.”
Call To Lead Hits Funding Milestone
News from Dartmouth College Tuck School of Business
“Five months into the public launch of the College’s $3 billion Call to Lead capital campaign, Dartmouth is witnessing fundraising progress that has set a new record in its campaign fundraising history.
“According to a press release by the College’s Office of Communications, the campaign has hit a record-setting point in its philanthropic giving. The donations that Dartmouth has received in the 2018 fiscal year surpassed those received in the 2017 and 2016 fiscal year, by nearly 1.5 and 1.3 times greater respectively.”
Does Free Flow Of Capital Make The Economy More Efficient?
News from MIT Sloan School of Management
“David Thesmar is an MIT professor who studies the growing influence of the financial sector over large economies. But here’s another way of summarizing his work: Thesmar is a scholar of the turbulence these changes have created.
“’My main research topic is the anatomy of financialization,’ says Thesmar, ‘and how the contractual arrangements that get made in the financial sector trickle down to the rest of the economy.’
“By that, Thesmar means he studies the consequences of the global wave of financial development since the 1980s. This ‘financial deepening,’ as he puts it, came from a combination of deregulation and technological change; it led to the emergence of hedge funds, private equity funds, the promotion of shareholder value maximization, and deeper and more liquid stock markets.”
Ghanaian President Nana Akufo-Addo Discusses Democracy And Development In Africa
News from Yale SOM
“A new age is dawning on the African continent, one that will utilize democratic processes and economic development to create a prosperous, independent future for the African people, Nana Addo Dankwa Akufo-Addo, president of the Republic of Ghana, told an audience at the Yale School of Management on September 27.
“’Democracy and freedom are providing the political, social, and economic platforms for Africa’s long-awaited development,’ Akufo-Addo said. ‘Africa is on the cusp of building a great new civilization, one which will unleash the great energy and potential of the African people.’
“Akufo-Addo spoke about democracy and development in Africa to a capacity audience in Yale SOM’s Zhang Auditorium as part of the Leaders Forum lecture series. The series brings leaders from business and government to Yale to speak students. The event was also part of Yale President Peter Salovey’s Yale Africa Initiative.”
The U.S. Job Search For International Students
News from HBS
“International students make up 37% of the Class of 2020 and come to HBS from 69 countries. While some of these students will return to their home country or region to work after graduating, many choose to accept a full-time role in the United States.
“Whatever career path international students choose to pursue, the HBS Career and Professional Development Office (CPD) provides resources, guidance, and access to job opportunities.
“Phillip Andrews, a Corporate Relations Director and career coach in CPD, has been working with international students for the last six years. We checked in with him to learn more about what international students should know about working in the U.S. after business school.”
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