Saturday, April 21, 2018

B-School Bulletin: Vanderbilt Dean Gets 2nd Term, Top Tuck Courses, & More - Poets&Quants

Vanderbilt Owen Dean M. Eric Johnson oversaw major donor-funded renovations of the Walker Library and Smith Courtyard and has led the launch of several new dual-degree programs and the Master of Marketing program, launched in 2016

Johnson Reappointed As Dean Of Owen Graduate School Of Management

News from Vanderbilt University Owen Graduate School of Management 

“M. Eric Johnson, Ralph Owen Dean and Bruce D. Henderson Professor of Strategy, has been reappointed as dean of the Vanderbilt Owen Graduate School of Management. His second five-year term as dean will begin July 1, Provost and Vice Chancellor for Academic Affairs Susan R. Wente announced today.

“’Under Dean Johnson’s tenure, the Owen Graduate School of Management has introduced innovative new programs, recruited top new faculty and attracted outstanding professional students, all while maintaining the close and collaborative community that distinguishes Owen from its peers,’ Wente said. ‘His “One Vanderbilt” approach has resulted in productive and rich collaboration among Owen faculty and students and colleagues across the university, furthering the university’s strategic priorities in trans-institutional research and teaching. I look forward to his continued leadership as Owen continues to develop and excel.’”

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Harvard Business School Names Winners Of 21st New Venture Competition

News from Harvard Business School 

“On April 18 in Harvard Business School’s Shad Hall, 12 student and alumni finalist teams made their pitches for $315,000 in cash prizes, plus in-kind prizes, at the Finale of the 21st annual HBS New Venture Competition (NVC). The top prize in the student business, student social enterprise, and alumni tracks was $75,000 each. The finalists advanced through several rounds of judging. More than 300 judges, many of them HBS graduates, from such fields as venture capital, private equity, law, accounting, philanthropy, impact investing, and social entrepreneurship vigorously reviewed the new ventures.

“Hosted each year by the School’s Arthur Rock Center for Entrepreneurshipand its Social Enterprise Initiative, in partnership with HBS Alumni Clubs & Associations, the Harvard Business School New Venture Competition is open to all students and alumni interested in launching new business and social impact ventures. This year, 360 teams entered the competition — 127 in the Student Business Track, 69 in the Student Social Enterprise Track, and 164 Alumni track teams in 11 global regional competitions.”

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The core curriculum and electives at Tuck are designed to be rigorous and immersive

Top Courses At Tuck, According To Students

News from Dartmouth College Tuck School of Business

“When students step into a Tuck classroom, they expect to be challenged.

“Taught by Tuck’s world-renowned faculty, the core curriculum and electives at Tuck are designed to be rigorous and immersive so that students leave campus—whether for their internship or their career—with the right combination of confidence, wisdom, and skills needed to hit the ground running.

“Recently, we asked a group of first- and second-year students about the courses that surprised them, were the most impactful, or were just downright helpful in building a strong business toolkit. Here’s what they had to say.”

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2 Georgia Tech profs share 2018 Innovation in Co-curricular Education Award

News from Georgia Tech University Scheller School of Business 

Kim Cobb, left, and Beril Toktay

“For their groundbreaking accomplishments with the Internship and Co-op Carbon Reduction Challenge, Kim Cobb and Beril Toktay have been selected as the recipients of the 2018 Innovation in Co-curricular Education Award, administered by the Center for Teaching and Learning.”

“Cobb is Georgia Power Chair and ADVANCE Professor in the College of Sciences. Toktay is Brady Family Chair in Management, ADVANCE Professor, and Director of the Ray C. Anderson Center for Sustainable Business in the Scheller School of Business.

“In 2016, Toktay teamed up with Cobb to translate the challenge into a co-curricular offering for Georgia Tech students participating in co-ops and internships. The initiative was supported by a philanthropic donation from the Ray C. Anderson Foundation NextGen Fund and matching funds from the Scheller College of Business Dean’s Innovation Fund. They bet that students embedded within their partner organizations would have easy access to key decision-makers and data that would enable them to  achieve even larger carbon dioxide reductions.

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Kellogg Prof Asks: How Will Automation Affect Different U.S. Cities?

News from Northwestern University Kellogg School of Management 

“Casino dealers and fishermen are both likely to be replaced by machines in coming years. So which city will lose more of its human workforce — Las Vegas, the country’s gambling capital, or Boston, a major fishing hub?

“People tend to assume that automation will affect every locale in the same, homogeneous way, says Hyejin Youn, an assistant professor of management and organization at Kellogg. ‘They have never thought of how this is unequally distributed across cities, across regions in the U.S.’

“It is a high-stakes question. The knowledge that certain places will lose more jobs could allow workers and industries to better prepare for the change and could help city leaders ensure their local economies are poised to rebound. In new research, Youn and colleagues seek to understand how machines will disrupt the economies of individual cities. By carefully analyzing the workforces of American metropolitan areas, the team calculated what portion of jobs in each area is likely to be automated in coming decades.”

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How Wharton Dance Studio Helped This MBA Grow As A Manager

News from The Wharton School at the University of Pennsylvania 

“As co-president of Wharton Dance Studio, Karan Dhruve is learning to lead on stage and off. He’s planning to take the skills he gained choreographing and producing one of Wharton’s biggest performances and incorporate them into his career at Bain & Company.

“Karan runs a board of his peers, choreographs dances, and puts on a large-scale production of about 400 dancers featuring 14 dance forms. The dancers vary in level of experience, and all styles of dance are welcome, including jazz, modern, salsa, cha-cha, bhangra, tap, hip-hop, swing, tango, bellydance, and more. To Karan, there is no better feeling than when the whole show comes together.

“’I love the feeling when everyone is happy onstage, dancing together and performing,’ he said.”

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Michigan Ross MBAs Are Helping Companies Harness The Power Of Driverless Cars, AI, & More

News from University of Michigan Ross School of Business 

“From autonomous vehicles to artificial intelligence, it’s clear that self-guiding tech is taking over, and companies across the world are working hard to keep up. Some especially savvy companies have tapped into a powerful resource: the innovative problem-solving skills of Michigan Ross MBAs.

“During this year’s MAP, students are working across the globe to help businesses figure out the best ways to develop and utilize the technology that is increasingly driving the world’s economy.

“With that sort of impact, it’s no surprise that 24 percent of the Ross MBA Class of 2017 landed jobs in tech – a percentage that probably isn’t decreasing any time soon. Just take a look at some of the projects students are working on right now: it’s clear that Ross MBAs have an edge on the tech jobs of the future.”

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Through interviews with leaders such as Deval Patrick, students compiled a list of five leadership traits to predict success

Tuck Students Complete Independent Study On Public-, Private-Sector Leadership

News from Dartmouth Tuck

“In his popular Tuck elective course The CEO Experience, former New Hampshire Governor John Lynch asks students to think deeply about the similarities and differences between executives in business and government.

“They study the turnaround of American Express and Gillette, and also President Kennedy’s handling of the Bay of Pigs, and New York City Mayor Rudolph Giuliani’s leadership in the aftermath of 9/11. And they study how Lynch himself, as a CEO, righted the furniture company Knoll before moving into the public sector. ‘It’s interesting,’ Lynch says, ‘because contrary to conventional wisdom, we learn that leadership qualities in the public and private sectors are pretty much the same.’”

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Data Security For The Internet Of Things

News from INSEAD

“Distributed ledger technologies (DLT), commonly referred to as blockchain technology, are likely to disrupt many industries. Although blockchain’s potential for transforming financial services is well known, this technology’s impact on other areas is less understood. To learn how DLT can facilitate the Internet-of-Things (IoT) revolution, I interviewed Wilfried Pimenta de Miranda (INSEAD GEMBA ‘13), Head of Business Development at the IOTA Foundation. This is what I learnt:

“IOTA is a nonprofit foundation registered in Germany. IOTA’s founders have developed the Tangle, an open-source communication and transaction protocol for the IoT. Blockchain remains an early-stage technology which is yet to reach production readiness and large-scale deployment across industries.”

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How Organic Wine Finally Caught On

News from Harvard Business School

“If you cannot remember the last time you had a glass of organic wine, you are hardly alone. Overall, less than 5% of the world’s vineyards are organic. In the United States, the world’s largest consumer of wine, only 1% of wine sold by volume was organic. The paltry market for organic wine around the world belies the fact that over the past half century, countless organic winegrowers and vintners have dedicated great effort to creating a larger market for the category, without much success. Meanwhile, plenty of other organic products, including vegetables, milk, and tea, have become widely consumed, at least by affluent, health-conscious city dwellers. Why the difference?

“We set out to understand how and why the category of organic wine failed to emerge, even as demand for other organic goods soared. Through historical research and many interviews, we found several ways in which early stumbles in the organic wine market created marketing problems that the industry still struggles to overcome. However, we also found that the recent success of a related category — biodynamic wines — shows a possible way forward.”

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