A Better Business Model For Fighting Cancer
News from Harvard Business School
“With billions of dollars spent on the development of precision medicine and related cancer research over the last decade, a recent partnership seeks a new way to bring these treatments to patients more quickly: through a better business model.
“Founded in 2016 with a $20 million gift from the Robert and Myra Kraft Family Foundation, the Kraft Precision Medicine Accelerator is a partnership between the foundation, Harvard Business School, and the Broad Institute of MIT and Harvard. The alliance is working to eliminate inefficiencies and bottlenecks in the precision medicine development system to speed delivery of targeted therapies to the marketplace.
“’Early on, people would ask us why the (Harvard) business school, and not the medical school, was the recipient of this gift,’ says accelerator co-chair and HBS senior fellow Richard Hamermesh. ‘Nowadays, I don’t get that question—it’s clear.’ Simply put, inefficiencies in the development of precision medicine can best be addressed by a business-analysis approach.”
Professor James Rubin, who had worked at Darden for more than 25 years, died after a fall in his home in 2016. Photo courtesy UVA Darden School of Business
Darden Colleagues Carry Late Professor’s Book Over The Finish Line
News from University of Virginia’s Darden School of Business
“James Rubin, a professor at the University of Virginia’s Darden School of Business, had spent years working on his first book before he sustained serious injuries in a fall at his home on June 21, 2016 – the same day he submitted his first draft to his publisher.
“Rubin, 64, died from his injuries 15 days later, leaving his wife, Jane Perry; son, Edward; and many more family members, friends, students and colleagues grieving his loss.
“Thanks to the efforts of some of those colleagues, he also left behind a published book.”
The 2018 Kellogg Women’s Leadership Seminar Kicks Off
News from Northwestern University Kellogg School of Management
“During the first week of winter quarter, 150 female second-year and 1Y students gathered in White Auditorium for the kickoff session of the third annual Women’s Leadership Seminar. Started in 2016 by the Women’s Business Association Co-Presidents, the WLS has become a formalized, co-curricular program with five sessions facilitated by esteemed Kellogg professors, inspiring alumnae and external experts.
“The mission of this program is to equip and inspire high-potential women to pursue, navigate and sustain careers that drive impact and create lives of personal meaning. Each of the sessions is structured to define and educate participants on the four mindsets and behaviors that impact women throughout their careers: anchoring, aspiring, advocating, and adapting. Led by Professor Ellen Taaffe ’97, Kellogg’s director of women’s leadership programming, these sessions, along with organized discussion groups known as Kellogg Circles, provide female students with a unique forum to discuss and reflect prior to relaunching their careers after graduation.”
Brad Shervheim
News from UC-Berkeley Haas School of Business
“Deciding that the MBA application essay was truly a chance to reveal himself as a whole person — beyond his resume and test scores — Brad Shervheim dug deep and made himself vulnerable.
“It paid off. Brad shares his MBA essay insights in conversation with Eileen Jacob, associate director of admissions for Berkeley MBA Programs for Working Professionals.”
McNulty Leadership Program Executive Director Jeff Klein (left) watches from the side of the Irvine stage as Cluster 3’s Space Elevator team presents in The Big Idea finals. Penn photo
How The Big Idea Bridges MBA Pre-Term And Academics
News from The Wharton School at the University of Pennsylvania
“’You got to know your learning teams. Now this is the first project you’ll do together,’ Manvi Goel, WG’18, a Leadership Fellow, told her Cohort L students as she introduced The Big Idea, the final event of MBA Pre-term. Fresh from their learning team retreat, the newly formed teams were tasked with ideating, researching, planning, and pitching a novel business idea in just two days.
“The fellows rolled a video of Vik Malhotra, WG’86, chairman of the Americas and a senior partner at McKinsey & Associates, which has sponsored The Big Idea for the past two years. He issued the the following challenge:
“’Pick an area where you think a collaborative partnership between private and public entities can provide a solution to to a problem, take advantage of an opportunity, improve an exciting partnership, or unleash untapped potential.’”
How A Good Analytics Strategy Can Become The Victim Of Its Own Success
News from Northwestern Kellogg
“There’s a parable that Eric Anderson, a professor of marketing at the Kellogg School, likes to tell, one he’s deemed the ‘Analytics Paradox.’
“The paradox is that the better the firm gets at gleaning insights from analytics — and acting on those insights — the more streamlined their operations become. This in turn makes the data resulting from those operations more homogeneous. But over time, homogeneity becomes a problem: variable data — and, yes, mistakes — allow algorithms to continue to learn and optimize. As the variability in the new data shrinks, the algorithms don’t have much to work with anymore.”
The Other Way To Make Money Out Of Bitcoin
News from INSEAD
“What does a Bitcoin day trader or an Ethereum miner of the 21st century have in common with a Californian gold digger of the 19th century?
“The answer is that they are both looking for gold—digital or physical. Another similarity is that their endeavours will benefit the ecosystem of complementary product or service providers. During the Gold Rush period, Levi Strauss made money selling jeans to the gold diggers. Jeans were part of the gold diggers’ ecosystem at that time. Today, wallets to store coins or computer chips that solve math problems play the same role as the jeans back then.”
Michigan Ross MBAs Land Three-Peat With Another Victory In National Innovation Challenge
News from University of Michigan Ross School of Business
“A team of three Ross MBA students took home a victory at the recent Accenture MBA Innovation Challenge, continuing a three-year winning streak for Ross MBAs. Ross teams also won the challenge in 2017 and 2016.
“This year, teams were asked to develop innovative solutions to a challenge faced by the Wounded Warriors Project, a national non-profit organization focused on providing aid to U.S. military veterans and service members injured in duty on or after September 11, 2001.
“The winning team, consisting of Fox Herron, Andy Furbush, and Emmeline Cardozo, MBA ‘19, presented their plan to executives at Accenture and the WWP this past weekend, going head-to-head against teams from Cornell’s Johnson School of Business, Chicago Booth, and Duke Fuqua.”
FinTech Club Launches, Recruits New Members
News from Georgetown University McDonough School of Business
The Georgetown FinTech club launched this month with an information session. Caroline Kenneally/The Hoya
“Georgetown FinTech, a new student organization that promotes opportunities for students at the intersection of finance and technology, launched this semester with its first information session.
“With graduate and undergraduate branches, Georgetown FinTech aims to expand opportunities for the community to work with FinTech, or financial technology, beyond the business courses newly offered at the university.
“The Jan. 24 launch was intended to introduce the club and articulate its goals for the semester. This semester, Georgetown Fintech plans to recruit new members and offer on-campus and external events. The club also plans to partner with alumni and entrepreneurs to offer a professional perspective about this new field. Other initiatives include a biweekly newsletter and networking events through FinTech workshops available to its members.”
If The CEO’s High Salary Isn’t Justified To Employees, Firm Performance May Suffer
News from HBS
“It’s no surprise that business executives make more money than lower-level employees. But when that pay disparity between a CEO and the average worker is perceived as unfair, the result may be more than unhappy workers: A firm’s performance can deteriorate.
“The gap between the large sums that CEOs take home versus average employee pay is taking on added importance in 2018, as public companies in the United States are mandated for the first time to disclose pay ratios between the CEO and employees. Harvard Business School Assistant Professor Ethan Rouen warns that if those disclosures are not made with proper context, they could ignite worker backlash and harm productivity.”
DON’T MISS LAST WEEK’S BULLETIN FULL OF SCHOOL-REPORTED NEWS AND DATA
The post B-School Bulletin: Fighting Cancer More Efficiently appeared first on Poets&Quants.
from Poets&Quants
via IFTTT
No comments:
Post a Comment