Michigan Ross
News from University of Michigan Ross School of Business
“In the latest episode of the Business Beyond Usual podcast, Michigan Ross MBA students continue the ongoing discussion surrounding mental health on campus, following the rollout of several new programs aimed at bringing awareness to the issue.
“In the episode, students take a look into a common way mental health issues manifest in business school, and some strategies for how to deal with it.
“First, Business Beyond Usual Producers Marjace Miles, MBA ‘19, and Adam Fasher, MBA ‘20 are joined by fellow students to share stories about how they’ve approached managing their own mental health during their Ross MBA.”
HBS photo
Harvard Business School’s Rock Center For Entrepreneurship Announces Rock Venture Capital Partners
News from Harvard Business School
“MBA students at Harvard Business School (HBS) who are interested in entrepreneurship and looking to start new ventures are able to seek guidance and access expertise from various resources on the HBS campus, including more than 30 faculty experts in the field, 21 Entrepreneurs-in-Residence, and this year’s Venture Capital Partners, all based at the School’s Arthur Rock Center for Entrepreneurship.
“Venture Capital Partners are managing and general partners from some of the most successful VC firms in the United States. They come to campus a few times a year to meet with students; provide fundraising information as well as feedback on their ideas, business models, and other aspects of their new ventures; and judge the New Venture CompetitionFinale in the spring.
“’We truly appreciate the time and effort these outstanding venture capitalists have committed to the Rock Center and the entire HBS community,’ said Jodi Gernon (MBA 1991), the Center’s Director. ‘They bring an amazing array of industry experience, knowledge, and accomplishments to the School’s thriving entrepreneurial environment.’”
This UVA Darden Professor Isn’t Teaching Your Parents’ Operations Class
News from University of Virginia Darden School of Business
Doug Thomas. Darden photo
“University of Virginia Darden School of Business Professor Doug Thomas suggests we forget our preconceptions about studying operations. Yes, students in 2018 still learn about how to eke additional efficiencies out of the enterprise, but in an era where technology-driven disruption has upended business models and yesterday’s car company is today’s ‘transportation solutions’ provider, the operations field is richer, more dynamic and arguably more critical to venture success than ever before.
“Thomas came to Darden ahead of the 2017–18 academic year after stints at INSEAD, the Cornell SC Johnson College of Business and, most recently, Penn State’s Smeal College of Business. He has built his academic and professional career around the global supply chain — the steps and processes involved in producing and distributing a product.
“’I build mathematical models for managing production and distribution and optimizing inventory and production,’ said Thomas, an engineer by training initially drawn to the field by what he described as a lifelong interest in puzzles. He also entered something of the family business, as Thomas’ father is a renowned operations management professor and current dean of the Johnson College of Business.”
John Pringle. UNC photo
John Pringle: Teaching As A Calling
News from UNC Kenan-Flagler Business School
“In 1956, John Pringle was a brand-new second lieutenant in the U.S. Air Force. Asked what he planned to do after his tour ended he replied, ‘No clue.’
“And when he learned his fellow officer was going to Harvard to get his MBA, he had just one question: ‘What’s an MBA?’
“Pringle not only found the answer — he went on to earn his MBA at Harvard.”
HBS
How Software Is Helping Big Companies Dominate
News from HBS
“Throughout the global economy, big companies are getting bigger. They’re more productive, more profitable, more innovative, and they pay better. The people lucky enough to work at these companies are doing relatively well. Those who work for the competition aren’t.
“Policymakers have noticed. Antitrust and competition policy are seeing renewed interest, including recent hearings on the subject by the Federal Trade Commission. Headlines in publications ranging from The Nation to The Atlantic to Bloomberg warn of America’s ‘monopoly’ problem with calls to break up big companies such as Google or Amazon or Facebook. ‘Imagine a day in the life of a typical American,’ writes Derek Thompson in The Atlantic. ‘How long does it take for her to interact with a market that isn’t nearly monopolized?’”
Matt Chase
Measuring Uncertainty Helps Investors Navigate Risk
News from University of Chicago Booth School of Business
“When the United States and Mexico reached a new understanding about trade matters this past summer, renegotiating parts of the North American Free Trade Agreement, President Donald Trump cheered. Others had questions: How would the deal affect the U.S. auto industry? How would it affect consumers? What would it mean for recent tariff hikes on steel and aluminum imports? You could almost hear executives across the continent reaching for antacids.
“Moments such as this carry significant risk for business, and there have been many such moments of late. “Political uncertainties abound,” observes Chicago Booth’s Steven J. Davis: ‘Brexit, Trump, trade wars, eurozone perils, autocracy in Turkey, war in the Middle East, clampdowns in China, corruption scandals in Brazil, crisis in Argentina, and more.’”
Participants in the Transforming Customer Experiences program learn through cases from and interactive lectures by HBS faculty members. HBS photo
Transforming Customer Experiences: Driving Performance & Profitability In The Service Sector
News from HBS
“The service sector is a large and growing part of our economy. But a lot of service businesses are managed according to old ideas imported from more traditional industries, says Ryan Buell, UPS Foundation Associate Professor of Service Management at Harvard Business School (HBS).
“In today’s rapidly changing service sector, a new set of frameworks is required to build a robust and competitive service business, says Buell.
“’Service jobs have a reputation for not being great jobs—and in many cases, I think it’s a well-earned reputation. But it shouldn’t be that way,’ says Buell. ‘Service is the business of people helping people, and when employees lack the capability, motivation, and license to perform, there’s no hope they’ll deliver excellent service to customers.’”
The Vanderbilt Owen Accelerator Finance Bootcamp Class of 2018. Owen photo
Owen Accelerator®—Finance Bootcamp Adds More Classes, Expands to Five Days For Summer 2019
News from Vanderbilt University Owen Graduate School of Management
“The Accelerator®—Finance Bootcamp provides college students with an intensive introduction to the world of finance, exposing them to everything from financial modeling to valuation and preparing them for successful summer internships and postgraduate careers. Last summer, the bootcamp launched for the first time, bringing in twelve students from top schools across the nation — including Vanderbilt, Harvard, Yale, and Washington & Lee — for three and a half days of finance instruction. This coming summer, the program will expand to five days (May 27-31, 2019), adding classes and incorporating more practical application through case studies and financial modeling.
“According to Accelerator Program Director Gregory Harvey, the bootcamp is a great way for students to determine if finance is the right fit. ‘Students, particularly at Vanderbilt and other liberal arts schools, don’t have access to finance courses their freshman and sophomore years, but it’s on their radar when they start their college experience,’ Harvey said. ‘The finance bootcamp is a great way to take a deep dive into finance and see if your intuitions are right.’”
Disruption Of The Global Grocery Market, Explored
News from UNC Kenan-Flagler Business School
“The U.S. grocery market is the biggest in the world and it’s under competitive threat from ‘hard discounters’ like Aldi, Trader Joe’s and Lidl.
“Hard discounters are the source of the biggest disruption in grocery retailing in half a century. Whenever they enter a market, grocery retail is profoundly and irrevocably changed, and their sites are set on the U.S.
“A new book is the first to explore this upheaval: Retail Disruptors: The Spectacular Rise and Impact of the Hard Discounters (Kogan Page, 2018) by Jan-Benedict Steenkamp, Knox Massey Distinguished Professor of Marketing at the University of North Carolina Kenan-Flagler Business School, and Laurens Sloot, Distinguished Professor of Retail Marketing at the University of Groningen in the Netherlands. They are leading authorities in retail strategy, private labels, branding and hard discounting.”
HBS photo
E-Santa: Is Retail Ready For Digital Christmas?
News from HBS
“The retail industry is in such a spin over multichannel strategy, mall closings, and big brand shutterings, to name a few pressures, that even Santa can’t keep track of it all.
“Most industries are in major digital upheaval, but retail particularly seems in some kind of disruptive spin-cycle. As the retail season eneters its most crucial time of year, we take a deep breath to contemplate research from Harvard Business School on what retailers are doing to win.”
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