Sohayle Sizar/The Stanford Daily
GSB Student Creates New Website To Help Spread Love & Positivity
News from Stanford Graduate School of Business
“Students had the opportunity to participate in a ‘Day of Love’ on May 22 in the Graduate School of Business (GSC) courtyard. Amid cupcakes and pizza, they used the new student-created website lovenotes.io to send anonymous messages of appreciation and gratitude to people they knew.
“The festivities were organized by Sohayle Sizar MBA ’18, the creator of lovenotes.
“’The goal is to make people feel good, feel loved, feel happy,’ Sizar said. ‘And to tell everyone about [lovenotes], and for them to tell us what they want us to do with it.’”
HBS Leadership Fellows brunch at Batten Hall on May 23. Photo by Justin Saglio
Meet Harvard’s 2018-2019 Leadership Fellows
News from Harvard Business School
“The Leadership Fellows Program at Harvard Business School is based on University Professor Michael Porter’s vision of developing a network of HBS graduates with cross-sector experience who are committed to addressing societal issues throughout their careers. The Fellowship is a two-way commitment in which graduating students are offered once-in-a-lifetime opportunities to experience high-impact management positions in nonprofit and public sector organizations for one year at a competitive salary. At the same time, the hiring organizations leverage the experience, energy, and strategic and analytical skills of MBAs in roles that produce immediate results and build long-term capacity.
“Since its inception in 2001, the Leadership Fellows Program has placed 208 Fellows at organizations such as the City of Boston Mayor’s Office, Harlem Children’s Zone, Mercy Corps, Whitney Museum of Art, World Wildlife Fund, and the U.S. Department of Education.
“’The HBS Leadership Fellows Program provides a one-of-a-kind opportunity for our MBAs to work directly with the CEOs, senior executives, and elected officials leading the world’s pre-eminent organizations in the public and social sectors,’ notes Matt Segneri (MBA 2010), director of the HBS Social Enterprise Initiative. ‘They take on top-priority projects and tackle some of society’s toughest challenges within weeks of graduation.’ Segneri spent his own Leadership Fellows year in the City of Boston Mayor’s Office and continued his career in social enterprise at Bloomberg Philanthropies before returning to HBS.”
A Suggested Application Checklist For EMBA Round 1 Candidates
News from Yale SOM
“Candidates often ask us when the best time to apply is. The Yale MBA for Executives program has three deadlines, the first of which is in November. While there is no ‘best’ time to apply, we usually recommend that candidates submit in the earliest round possible, as long as they don’t compromise the quality of their application.
“The main benefit of applying early is the long lead time between your acceptance letter and the start of the program in July, which will allow you to prepare academically, professionally, and personally for the intensity of the program.
“If you’re interested in applying in Round 1, you can follow our suggested checklist, which will keep you on track for the November deadline.”
Chicago Booth photo
Chicago Booth Announces Winners Of 2018 Social New Venture Challenge
News from University of Chicago Booth School of Business
“The Rustandy Center for Social Sector Innovation at the University of Chicago Booth School of Business is pleased to announce the winners of the John Edwardson, ’72, Social New Venture Challenge (SNVC), the social impact track of the Polsky Center for Entrepreneurship and Innovation’s nationally ranked Edward L. Kaplan, ’71, New Venture Challenge (NVC).
“Winners of the eighth annual SNVC, which launches enterprises with a social impact mission and a plan for financial sustainability, received $75,000 in venture funding and $30,000 in additional specialized awards.”
News from London Business School
“Travellers have never had it so easy. In today’s digital world, we can search for holidays, compare prices and book a break in a matter of minutes using websites and apps. But this shift in business model, from travel agents selling hotel rooms to sites offering far greater choice and flexibility, has affected the industry’s established players.
“So how are operators such as InterContinental Group Hotels (IHG) responding to innovative businesses like Booking.com and Expedia? Gavin Flynn, Head of Strategy and Transformation at IHG, shares his insights on the challenges and opportunities facing hotel groups.”
Business Model Innovation Comes To Private Equity
News from INSEAD
“When PE giant KKR created Emerald Media, a $300 million equity-based platform, in late 2015, its investment model exemplified a stark contrast to the traditional PE investment strategy of a standalone buyout, re-structure and exit.
“A ‘platform’ consists of a horizontal merger of two or three sector-specific investments, called ‘add-on’ deals. Value creation in a platform is primarily dependent on operational synergies of scale and scope between these investments, as opposed to the traditional PE levers of financial restructuring of a standalone firm. For instance, in the case of Emerald Media, scope complementarity was evident in CA Media’s (the focal investment) distribution reach, YuppTV’s (the first add-on) exceptional technology platform and Amagi Media’s (the second add-on) content delivery model.
“The culmination of these individual investments (Emerald), with each firm bringing unique yet compatible capabilities, allowed KKR to build sufficient scale in the growing digital media space in Asia.”
Chicago Booth photo
Behavioral Economist Sendhil Mullainathan To Join Booth Faculty As University Professor
News from Chicago Booth
“Influential economics scholar Sendhil Mullainathan will join the University of Chicago Booth School of Business faculty on July 1, 2018, where he has been appointed University Professor. He currently serves as the Robert C. Waggoner Professor of Economics at Harvard University.
“Mullainathan’s research spans broad areas of economics: behavioral, labor, public economics and corporate finance, and most recently has focused on the intersection of machine learning and public policy. His seminal research includes topics ranging from the impact of poverty on mental bandwidth to showing that higher cigarette taxes make smokers happier.
“’Sendhil is a phenomenal scholar, whose work has had great impact in a variety of fields,’ said Madhav Rajan, dean of Chicago Booth and the George Pratt Shultz Professor of Accounting. ‘Sendhil’s history of collaboration across disciplines will strengthen ties among Booth’s research areas and deepen the school’s connections to the rest of the University.’”
News from London Business School
The essence of marketing lies in encouraging people to embrace your brand and buy your products or services. While that will likely never change, the way companies deliver their message has, with the digital age creating new channels through which to reach consumers.
Businesses that traditionally marketed via print and TV ads now need to understand what resonates with audiences on social media, video-sharing platforms and websites carrying advertising. So how do they gather data on potential customers and then use that information to create effective marketing campaigns?”
Examining Money And Diversity In Paid Studies On Campus
News from Stanford GSB
“Fliers recruiting participants for research studies conducted by the Graduate School of Business (GSB) Behavioral Lab, the psychology department, the Laboratory for Social Research and more can be found all around campus. Students participate in this research for a variety of reasons, but monetary reasons dominate the academic ones, raising concerns amongst researchers about maintaining representative and diverse samples.
“It’s well known that many students use the money they receive from participating in studies to cover extra expenses.
“’In general it’s been great,’ said Alessandra Marcone ’20, a student who has taken studies up to once a week. ‘[The studies put] cash in my pockets that I use to buy food when I’m hungry.’”
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