Professors Young and Hoff Speak to Health Plan Executives on Leadership
Mar 03, 2014
Professors Gary Young and Timothy Hoff of the D’Amore-McKim School of Business recently spoke to an audience of health plan executives at Blue Cross Blue Shield of Massachusetts on the topics of leadership, culture change, and change management. As an industry navigating the demands of health reform, Professors Young and Hoff spent 90 minutes talking on the new challenges and opportunities presenting in the health care landscape for insurance plans, leadership imperatives for achieving success in the health care marketplace, how to begin and manage the process of organizational culture change, and the types of change dynamics these leaders can expect to navigate, with respect to their employees, in the near future.
Made In ChinaBusiness Insider (India)
, Mar 02, 2014
"With growth slowing in India, the pull of the domestic market is weakening," says Ravi Ramamurti, international business and strategy professor at Boston's D'Amore-McKim School of Business. "It is a pity that India is not taking greater advantage of China's declining competitiveness." , Ramamurti projects that new government in India may spur a shift favor from China to India in manufacturing, especially in low-tech consumer products, footwear and textiles, according to this Business Insider cover story.
An Introvert’s Guide to Thriving in Team MeetingsCareer Bliss
, Feb 12, 2014
Not only might productivity increase all around, but the introvert in your office may give the organization careful insight into the matter at hand. Leonard Glick, professor of management and organizational development at Northeastern's D'Amore-McKim School of Business, says that introverts are “much less likely to air an ill-formed idea.” Meaning, introverts are more likely to be thoughtful, take time to process, and plan out an idea than their extroverted colleagues. And giving a little extra time to everyone, introvert or extrovert to process information, could give to more thoughtful discussion and progress.
Extended Warranties: For Most of Us, They're a Waste of MoneyDaily Finance, AOL Money and Finance
, Feb 11, 2014
Was one of the most adult things you ever did getting the extended warranty on your refrigerator? Say no to the upfront offer and make an evaluative decision later, advises experts in this Daily Finance article. "Insurance companies [and extended warranties] only make money if the company collects more money than it pays out," says Professor Bruce Clark of Boston's D'Amore-McKim School of Business at Northeastern University. A warranty is a type of insurance, and its 'gambling in a rigged game" says Daily Finance. But keep in mind, some situations might call for insurance.
Microsoft's great debateMarketplace
, Feb 04, 2014
Did Microsoft need new blood to fill its CEO position? Ultimately it does not think so, as after a long search, Satya Nadella, with over two decades at the company, was chosen for the job. And while Nadella has yet to prove himself the innovative CEO Microsoft craves, from the get-go, the bets are at odds. "I got into the business of turnarounds by asking this silly question, ‘How do you find a good manager at a bad company?’" said Harlan Platt, Northeastern University finance professor at D'Amore-McKim School of Business. Platt further suggests that a culture that is not innovative may not raise an innovative employee, so that Nadella may really have to fight to break the mold of his upbringing, in order to succeed with the mission.
Analysts forecast a corrosive year for copper pricesThe Wall Street Journal
, Jan 21, 2014
“In this environment, my outlook for copper is pretty gloomy: sideways to downward price trends for the upcoming calendar year,” said Jeffery Born, finance professor at Boston's D'Amore-McKim School of Business. Referring to the tapering off of quantitative easement, announcing by the Fed in December, and put into place in this month, Born is concerned about the interest rates jumping and causing negative affects on the economy. “This fear has pushed all but the most flush or optimistic corporations to sidelines, suggesting weak growth (if any) in manufacturing output for 2014, even if the end of QE isn’t announced this year,” Born said.
Retirement Accounts To Get Taper BoostMainstreet.com
, Jan 16, 2014
"I'm afraid that the current stock market boom is just another of these bubbles," Harlan Platt, professor of finance at Northeastern University says. The Federal Reserve has been practicing 'quantitative easing", by purchasing bonds, and effectively keeping interest rates low in an effort to spur spending. However, starting this January, the FED has announced that it will begin to ease off of the strategy, buying less and less, which may start to cause issues. Platt warns, "More importantly, I'm afraid that unsophisticated investors are going to suffer a similar fate to that of individuals sucked into the real estate bubble which led to the last fiscal crisis."
Lululemon Scrambles To Reverse Its Bad PR
Jan 14, 2014
Lululemon, former apex brand of female work-out wear, is wondering what to do next. "This is a brand that is tied very strongly to women yoga practitioners, and that strength was a great part of the Lululemon success story. However, the company may be getting close to having acquired that market. Where does the next phase of growth come from?" D'Amore-McKim School of Business Professor Bruce Clark wrote in an email. "Expanding offerings and/or blurring the brand image can alienate existing customers, especially when a brand has a passionate core following as Lululemon does." This market expansion v. brand loyalty is a quandary for Lululemon that they are facing right now, especially as competitors are nipping at their heels as Lululemon tries to diverge thought from a recent PR blip.
Balancing technological advances with needThe Patriot Ledger
, Jan 11, 2014
It's so easy to buy foreign goods today! And it's much cheaper than ever before. This industry concept of "containerization," described by Joseph Giglio as "slashing the costs of moving goods, [making] possible the huge growth in global trade." Giglio, professor of finance at D'Amore-McKim's School of Business, speaks to how containerization creates problems in a way that consumers can buy cheaper products, but may lose their job due to a type of outsourcing. The same low cost to unemployment type ratio, he says, is coming with technology. "...we need as much information as possible about what new technologies are, how they work, what they can do and what problems they pose so we can use it in devising policies that spur job creation, increase competitiveness and cushion the economic pain to workers by minimizing dislocation."
Supply chain expert writes the book on American Basketball LeagueDC Velocity
, Jan 04, 2014
D’Amore-McKim’s Robert Lieb, professor of supply chain management, has written seven books on the industry regarding supply chain. More recently the self-described “gym rat” wrote a book about the rise and fall of the American Basketball League titled, Shooting Threes and Shaking the Basketball Establishment: The Short, Chaotic Run of the American Basketball League. The legacy of the league and its influence on the modern basketball game is still present, even if the ABL itself is now defunct. Lieb is now telling that story, with his insight as a business person and former sportsman.
13 Resolutions Every Job Seeker Should MakeCareer Attraction
, Jan 02, 2014
Lynne Sarikas, Northeastern University's MBA Career Center Director, knows the resolution drill. And if you are in need of a job, it's probably at the top of your list. Sarikas is ready to arm you with a tool-kit to put your best foot forward in your career search. Writing for Career Attraction, Sarikas advises you to first and foremost, "Define your goals and a specific plan to achieve them, along with actionable steps. Assess your skills, strengths and interests. Think about the type of work you’ve enjoyed in the past, even it was in internships, part-time jobs or even volunteer experiences." This is the basis of any valuable search. After you have set up your plan, add your tools for success. Find all 13 here.
Every American enterprise requires a strategyPatriot Ledger
, Dec 28, 2013
The ever ubiquitous word 'strategy' can make it hard to know what you are really getting when a successful strategy is promised. But this tool seems to be a necessity when embarking on any endeavor. Public social enterprises should not shun the idea of striving to create a good strategy to support their goals. Professor Joseph Giglio points out that the nation's transportation system is a good example of what happens when an enterprise fails to strategize. in this Patriot Ledger article, Giglio shows how organizational strategy has lead to great endeavors and enterprises over decades, not excluding the military, the East India Company, and the Mafia. Why wouldn't the nation's transportation system be able to thus organize themselves in a way that reaches short term and long term goals? "When it comes to transportation, we have yet to address the strategic questions Arnold Rothstein and Johnny Torrio instinctively understood. What should the nation's transportation system look line in the future? What options do we have for transforming the existing system to match this vision? What resources are available to carry out these options?" Giglio says addressing strategic questions before acting on a plan can make the difference.
'Super Saturday' brings crowds, deals for last-minute shoppersLA Times
, Dec 21, 2013
The last Saturday before Christmas brings large crowds out to shop and several stores with sales and deals. According to Bruce Clark, professor of marketing at the D’Amore-McKim School of Business, “consumer confidence remains fragile and unemployment continues to be a drag on spending.” As a result, the LA Times writes that discounts and deals are likely to be more prominent as brick-and-mortar stores try to get customers through the door. Clark surmises that e-commerce, especially Amazon, and luxury products will do well.
Tax Breaks for Nonprofit Hospitals Called Into QuestionThe Chronicle of Philanthropy
, Dec 17, 2013
“Nonprofit hospitals may have been founded on the basis of community need, but that doesn’t mean they’re not very profitable, says Gary Young, professor at the D’Amore-McKim School of Business. This profitability is causing individuals to ask whether or not that tax-exemption is really warranted, especially as communities continue to struggle from the recession.
Benefits Questioned in Tax Breaks for Nonprofit HospitalsNew York Times
, Dec 16, 2013
As cash-rich hospitals grow, politicians are questioning the huge federal tax breaks U.S. nonprofit hospitals are being allowed. D’Amore-McKim Professor Gary Young recognizes that “Towns are hurting and [communities] see this affluent institution in their midst on lots of land and say, ‘Hey, cough up some money.”
How America can become a job creatorThe Patriot Ledger
, Dec 14, 2013
How can government play a role in the creation of jobs, stimulate the economy, and still stay far enough out the picture to keep a political balance? As Joseph Giglio, finance and strategy professor describes it, "People’s views on the role of government are heavily influenced by their political philosophies. Some care most about individual freedom, seeing wealth creation mainly as the product of individual effort; others prioritize promoting the well-being of the community as a whole. These two philosophical conceptions lead to disagreements about government’s proper role in the economy. Those on the right believe less government leads to more robust economic growth and those on the left argue for more government intervention." It is this discrepancy that effectively halts 'smart public policy', says Giglio. Smart public policy, however, might just be the key to success. Giglio suggests a government focus on infrastructure and investment in private companies to assist with these operations may not only create jobs now, but also create a long-term plan for sustained employment.
Office Holiday Party Etiquette TipsProf Net Connect
, Dec 13, 2013
You are supposed to have fun at the office holiday party. It is important to make a great impression too. Lynne Sarikas, MBA Career Center Director at Northeastern University, advises starting with your appearance. “While it is a party and dressing up a bit is expected, leave anything too revealing or suggestive at home. Don’t show more than you’d show at the office -- these are people you have to work with.” Experts also suggest tips in this Prof Net Connect article including making decisive choices about whether or not to drink alcohol, keeping your conversation business-like, and being aware of your presence on social media before, during, and after the event.
’Tis the Season to Advance Your Career: Networking Over the HolidaysCareer Attraction
, Dec 13, 2013
Networking. Networking. Networking. And proper preparation for said networking, is at the top of Lynne Sarikas's list for aiding your job search this holiday season. And what better way than mining your social events? Sarikas, Northeastern's MBA Career Center Director, advises, “Networking is the single most important thing you can do to support your job search, and the holidays were made for networking.”
4 Gift-Giving Tips To Keep You Off The Boss’s Naughty ListForbes
, Dec 11, 2013
Gifts for your near and dear are difficult enough sometimes to figure out. And then you have to figure out whether or not to give your boss a gift, and if you are going to, what will this gift be? It's tricky! But there are signs to help you. Take a look around, Lynne Sarikas, MBA Career Center Director advises. “It is important to know what others do, so you don’t stand out on the extreme end – either positively or negatively." Taking cultural cues and knowing the official corporate policy are good resources to making the right choices.
Three Ways to Improve U.S. Healthcare, as Demonstrated in IndiaThe Atlantic
, Dec 10, 2013
India may be revolutionizing the health care industry as it practices a strategy that provides world class care at a fraction of the price. According to D'Amore-McKim School of Business professor Ravi Ramamurti and co-researcher Vijay Govindarajan, nine private hospitals are making effective strides in India to produce these results. The business professors attribute the success based on modeling that includes the following innovations in health care delivery: Hub and Spoke Design, Task Shifting, and Frugality. Read about each of these functions in The Atlantic.
Mandela’s passing: Social justice to economic justiceBoston.com
, Dec 07, 2013
This past year, the forty Northeastern students had the privilege of meeting with retired Archbishop Desmond Tutu, where he advised them on forgiveness and peace. According to Dennis Shaughnessy, executive professor of entrepreneurship and innovation and the founder and executive director of the Social Enterprise Institute at Northeastern University writes, that since 2007, forty Northeastern University undergraduate students have travelled to South Africa as part of their global enterprise studies to do service work with college students who attend a "free" university for the poor. Each year, students on this trip have had the privilege of privately meeting with Nelson Mandela’s close friend and fellow Robben Island prisoner, Dr. Ahmed Kathrada. Shaughnessy reflects on his work in South Africa under Nelson Mandela's influence, and looks toward the future. "It is the great Madiba’s historic legacy that South Africa is finally a free, democratic and non-discriminatory society. It is up to the current and future leaders of this remarkable country to carry that legacy forward from social justice to economic justice. With social equality comes the expectation for full and complete equality. The expectation among the millions of poor South Africans is for more and better jobs, and the improved conditions of daily life that follow productive and meaningful work for all."
Schmooza Palooza: Schmoozing tips for the holiday office party
Dec 06, 2013
Holiday office parties can be fun! Dress up, network, get to know the people in the office suite next door. But be on your best behavior, Lynne Sarikas, MBA Career Center Director, cautions, "Do not take photos that could be incriminating to others and do not pose for any photos that could be used against you,"
Americans are the 99 percentThe Patriot Ledger
, Dec 03, 2013
From globalization to technology outsourcing, college wage premium, and immigration policy - whatever it is you think is chipping away at the middle class, it's probably all of it and none of it. We need a strategy, and Joseph Giglio, professor at D'Amore-McKim School of Business, reminds us that, "hope is not a strategy." Giglio reminds us that though people are postulating answers, that "there are no quick fixes or easy solutions, and the longer it takes to address the problem, the more painful the cure will be."
5 Bad Habits of Highly Counterproductive ManagersCFA Institute Magazine
, Nov 2013
There are many ways you can not only set up the wrong relationship with your employees but also create counter-productivity based on your management decisions and style. Leonard Glick points out a few in this CFA Magazine article, citing micromanagement and avoiding difficult conversations as possibly detrimental to overall productivity. Glick suggests a few phrases and tactics for countering one's own management style for the greater good.
The power of gratitide: how giving thanks can help your job searchCareer Attraction
, Nov 30, 2013
'Tis the season to give thanks. And there are so many ways you can express gratefulness and positively affect your job search. Lynne Sarikas, MBA Career Center director, reminds us that giving thanks should be done often and on-time. Sending a thank you within 24-hours of a meeting, thanking those not only for the opportunity, but also for taking time out of their day, sending a real card, and being positive in your job search and also in your current position (send cards and niceties to everyone!), may just be the little pushes in the right direction you need.
Crucial Career Advice Only Millennials Know
Nov 30, 2013
There could be many advantages to being a millennial when searching for a job in the current market. Women's Day rounded up 10, including Professor Kimberly A. Eddleston's suggestion to ask for more responsibilities, lead a project, and possibly even get another job offer if you are looking for more money in your current job. Knowing the ins and outs of internet job sites, networking, and sharing your skills with others will keep you up to date and ahead of the search.
Efforts to pass paid sick leave laws face backlashCNBC
, Nov 30, 2013
You're sick. It's Monday, you have a deadline, and you will not get paid if you don't go to work. You have no choice but to pack up your fever and sniffly nose and go to the office. There are state and national efforts to change this. Many argue the merit of going into work when you are sick, because of the loss of production otherwise. Lynne Sarikas disagrees. "This is penny-wise and pound-foolish," said Lynne Sarikas, director of the MBA Career Center at Northeastern University. "If you take away sick leave, you get people coming to work sick who then get other people sick." So what about the loss of productivity, a legitimate concern of many? "What you save on not paying the first person to stay home you lose many times over with other people getting sick and not being productive," says Sarikas.
NEXPO Proves Northeastern is Producing a Well-Enginerred Entrepreneurial EngineBostInno
, Nov 21, 2013
Through Global Entrepreneurship Week at Northeastern University, many shine. The Center for Entrepreneurship Education showcases many of its expert areas, and NEXPO - Northeastern Entrepreneurship Expo - and IDEA's brainchild, is no exception. And the efforts on student collaboration and an overarching theme of entrepreneurship, incubation and launching business, are only growing. "We're starting to see the Entrepreneurs Club and IDEA working together," said junior Casey Hogan, president of the Entrepreneurs Club. "The ecosystem is working."
Knowledge transfer is understated asset for entrepreneursBoston.com
, Nov 18, 2013
Max Kaye, CEO of IDEA, Northeastern's student-run venture accelerator, writes in this Boston.com article about the power of "human capital." As As demonstrated in the MITX Up event where marketing, creative, and communications professionals meet with start-ups and brainstorm how to make the business venture strategically sound and getting it off the ground. As Kaye describes it, "The quality of knowledge transfer is incredibly high." He continues, I see all of the [MITX Up] activity unfolding at Northeastern on a daily basis. Northeastern has realized the importance of supporting the entrepreneur, beginning at the undergraduate level with IDEA, and driving that support outwards to alumni. Our ventures are materially better off as a result, and the ecosystem continues to grow stronger."
From college courses to cultivating local agribusiness in KenyaPBS.org
, Nov 14, 2013
What was your college dream? It may not have been the creation of a potato farming business in Kenya. But for D'Amore-McKim School of Business alum Michael Behan, it was a natural progression from his classwork and involvement with the Social Enterprise Institute. Behan has created Njabini Inc., both an apparel company based out of Kenya and an agricultural business model that helps farmers in Kenya create a sustainable living model. "[The Social Enterprise Institute] allowed me to put a lot of time and effort into this organization. And a lot of what I learned in the program I was able to transfer into what we were doing in Kenya," says Behan
Middle-class America holds no influence over CongressEnterprise News
, Nov 02, 2013
"The threat of a government default is off the table for now. But instead of resolving underlying disputes, the short-term deal only pushed the hard choices off to another day." Will this happen again? Racing toward the edge with a government shutdown? According to Joseph Giglio, professor of strategy, yes, it will happen again. "Brace yourself for another cliffhanger that resembles a bad daytime soap opera. America will continue its habit of governing by crisis after crisis after crisis. In this troubled political environment, is it any wonder that businesses are sitting on their cash rather than investing in new factories, equipment, and more workers?" Giglio says its time for the middle-class to educate themselves on campaign contributions to get to the root of how the power works and so that they may cast their votes in a way that their own middle-class agenda may finally be heard.
Delivering World-Class Health Care, Affordably(2)Harvard Business Review
, Nov 2013
Professor Ravi Ramamurti and co-author Vijay Govindarajan research and conclude that India is providing a blueprint for an innovative example of healthcare design that is scalable, affordable, and a competitive world model. Learn more by reading the full Harvard Business Review publication.
Entrepreneur discusses global literacy program during talks at Northeastern UniversityIndus Business Journal
, Nov 01, 2013
The Social Entrepreneurship Institute at Northeastern University announced at a Room to Read event held on campus that it would provide $5,000 in seed grant funds to form a chapter of the nonprofit organization at the university. Dennis Shaughnessy, director of SEI, will organize the chapter with in his freshman Honors Seminar, according to Indus Business Journal.
Indian hospitals could show U.S. hospitals how to save money without cutting qualityWashington Post Opinions
, Nov 01, 2013
The Affordable Healthcare Act may stave off some of the overarching problems for the nation on healthcare, but Ravi Ramamurti and Vijay Govindarahan speak to the reality that "the biggest challenge facing U.S. health care will remain reducing costs while improving quality care and access for patients." The U.S. government and the health care industry just can't seem to crack that problem. Until now - if we can look to India's health care system as an example, the U.S. might be able to modulate a solution. Ramamurti and Govindarahan say, "...our research has uncovered nine private hospitals [in India] that provide quality care at a fraction of the U.S. prices. Most are accredited by the U.S. Joint Commission International or its Indian equivalent."
Tax Tips 2013: How to maximize your return
Get ahead on your taxes! You don't need to wait till you get your W-2 to begin the process of filing your taxes, and with some tips on organization, you may even be able to reduce some costs, says Tim Gagnon, professor at the D'Amore-McKim School of Business. Gagnon reminds us that tax preparation is often charged by the hour. Having your file in order, organized, and no shoe-boxes full of miscellaneous receipts will likely help you save time, money, and stress.
Latin America: Dark DaysGlobal Finance
, Nov 2013
Latin America is poised to take on a new industry - electricty. Due to the lack of reliable and modern utilities, the opportunity is there for a robust system to take over the electrical infrastructure for a large expanse of the continent, including Brazil and Argentina. And while many are looking at renewable energy, efforts in the industry would need to be stepped up. “Solar energy is relatively underdeveloped in Brazil, contributing less than .01% of the nation’s energy, with about 35 megawatts (MW) from solar plants connected to the grid,” notes Ravi Sarathy, professor of International Business and Strategy.
Deciding how to decide(2)Harvard Business Review
, Oct 2013
While using conventional strategy on decision making may work, expanding your tool-kit and using the correct tool for the corresponding job can be more rewarding. Hugh Courtney and colleagues discuss in this Harvard Business Review article not only how to empower your executives with more tools, but to see the them through to better results. Read the full story here
Why can't U.S. health care costs be cut in half?Harvard Business Review
, Oct 29, 2013
The U.S. healthcare system is robust and technologically evolving. However, it is unstable due to the continued cost of doing business. But India has changed that model, and perhaps the U.S. can look to its neighbor as a way to create a sustainable future for health care that is both affordable and top-notch. Professor Ravi Ramamurti and co-author Vijay Govindarajan write in "Delivering World-Class Health Care, Affordably" that "some Indian hospitals are delivering high-quality care at 5% to 10% of U.S. prices." And while Ramamurti and Govindarajan acknowledge that the cost comparison for the U.S. to India will likely always be higher, that the notion of the U.S. cutting costs of health care is not beyond its reach.
Professor Rae André has been awarded the 2014 Susan J. Herman Service Award
Professor Rae André has been awarded the 2014 Susan J. Herman Service Award, which recognizes voluntary contributions over a significant number of years to the Organizational Behavior Teaching Society by an individual or a team. The award honors the memory of Susan J. Herman whose contributions to the Society were extensive. Outstanding service above and beyond the call of duty is the highest possible demonstration of sharing in an organization such as ours and through this award the Society identifies and thanks those whose contributions represent the epitome of altruism, enthusiasm, and selflessness as demonstrated by Susan J. Herman.
Northeastern's InnoWeekend to Bring Students from an Idea to a $1,000 RealityBostInno
, Oct 25, 2013
The Entrepreneurs Club of Northeastern University is getting people together of all career tracks, all with one thing in mind - innovation. For 48 hours there will be a hands on, brains on event to create an idea worthy of $1,000. "We're launching the program, because we've seen what can happen when students from different academic backgrounds cooperate on developing a product or business," said Northeastern student Gregory Allan. And while who doesn't want $1,000 reward for a great idea, Allan expresses another intended outcome of the Entrepreneurship Club's efforts: "Our main aspiration is that each and every participant in InnoWeekend gains valuable experience collaborating in an entrepreneurial setting in addition to making diverse connections that can persist and continue to foster innovation in the Northeastern community."
Local student interns in IndiaThe Sparta Independant
, Oct 25, 2013
International Affairs major and Social Enterprise minor Erica Roberts of Northeastern University recently returned from her co-op trip in the village of Chandelao. There she partnered with the Chandelao Vikas Sansthan organization that empowers women by assisting them with starting their own businesses selling local craftware. Roberts started up a Hindi reading and writing class in addition to her assistance with the sustainable business goals for the women of the village, while on her trip.
Stop scaring off hiring managers: Avoid these 5 common job seeker mistakesCareer Attraction
, Oct 21, 2013
Getting your resume tossed or on the very bottom of the pile is easier than you think. Avoid these common mistakes, as outlined by Lynne Sarikas, MBA Career Center Director at Northeastern University, to move your resume up! Careless errors are a doozy, avoid them! Did you apply for 100 jobs? Did you use the same cover letter for each one? Hiring managers can likely tell! Personalize it and keep it concise. Make your introduction - your cover letter - about how you can solve problems and be an important part of the team. "Avoid the dreaded 'I' disease," cautions Sarikas. Make sure you do your homework on your potential employer, don't ask or wonder what the company does. And don't skip the cover letter all together! It's your chance to tell your story.
The Fed takes middle-class to the cleanersThe Patriot Ledger
, Oct 19, 2013
Joseph Giglio reports that our economy is not following the text book formula for recovery. Where there is some gain, the middle-class is the losing party, as any significant movement is not shared among the masses, and only the few see a better economic future. Giglio says, "One of the overlooked consequences of the Fed’s rounds of monetary stimulus and reducing interest rates is to rob hardworking, average American savers and retirees of income and spending power, because the interest they earn on their savings isn’t enough to keep up with inflation. This dramatically reduces their spending, which hurts businesses, leaving them unable to hire. Consumer spending is critically important because it accounts for more than 60 percent of the nation’s gross domestic product."
Why you should crowd-source your toughest investment decisionsHarvard Business Review
, Oct 16, 2013
Hugh Courtney, dean of D'Amore-McKim School of Business, suggests that "case based decision making" is the best way to proceed when working in "a fast-changing industry, launching a new product, or shifting to a new business model." Read the full story here at the HBR Blog Network.
Professor Gilbert Nyaga receives research contract award from the Department of Veterans AffairsD'Amore-McKim School of Business
, Oct 2013
Professor Gilbert Nyaga recently received a contract award from the Department of Veterans Affairs to conduct research. The main objective of Nyaga's research is to identify opportunities for improving inventory management through integration of industry best practices and inventory science; identify ways to enhance a culture of improvement in logistics operations; and develop training content for integrating inventory skills across VISN1 facilities and workforce. The project will entail assessment of current inventory management practices at VA’s New England Healthcare System. The system comprises 8 medical centers, 46 community based outpatient clinics, 6 community living centers, and 5 domiciliaries. It has 13,600 staff serving about 250,000 veterans annually. Approximately 2.5 million outpatients visit the system’s facilities annually. The assessment will include visits to select sites and conversations with logistics personnel at various facilities on issues related to inventory management. Complimenting Nyaga's research team will be George (Russ) Moran, Clinical Professor, NU and former Chief Operating Officer, Tufts Health Plan, as well as two MBA students who will be responsible for assisting and liaising with New England VERC team and logistics personnel.
Professor Timothy Hoff Awarded Contract to Write VHA Policy White PaperSchool of Public Policy and Urban Affairs
, Oct 2013
Timothy Hoff, Ph.D., Associate Professor of Management, Health Care Systems, and Health Policy, and a recognized expert in primary care delivery and health care quality, has been awarded a contract for $114,701 from the Veterans Health Administration (VHA) to prepare a policy white paper addressing the VHA’s recent introduction of interdisciplinary general mental health teams to care for Veterans with ongoing behavioral health needs.
The white paper will provide an in-depth, evidence-based analysis of current thinking and best practices with respect to the design, implementation and evaluation of these teams. It will also provide research, policy and management-focused recommendations for VHA leadership to consider as it moves the mental health team care approach forward nationally. Team-based care delivery is considered an essential innovation to improve the quality and efficiency of health care delivery under U.S. health reform.
Timothy Hoff is Associate Professor of Management, Healthcare Systems, Tim Hoff and Health Policy with appointments of 25% in the School of Public Policy and Urban Affairs and 75% in the D’Amore-McKim School of Business. He is a nationally recognized organizational and medical sociologist in the study of U.S. health reform implementation, health care quality, primary care, and physician behavior. In addition, he is a leading voice on the use of qualitative methods in health services research.
Huntington Management Consulting squared off against a very strong field of case competition teamsD'Amore-McKim School of Business
, Oct 15, 2013
Huntington Management Consulting squared off against a very strong field of case competition teams last weekend (October 4 and 5).
The home team from Wharton finished first on the weekend followed by the University of Toronto, Villanova University, and the D’Amore-McKim School of Business. Teams that did not make it out of the 4 brackets during the weekend included, two teams from Harvard, the second teams from Wharton and Toronto, NYU, Rutgers, McGill, University of Maryland, and 5 others.
Ray Kinnunen is currently preparing his team for the Consortium of Undergraduate International Business Education (CUIBE) case competition hosted by the International Business Programs at the D’Amore-McKim School of Business. The competition begins on November 1st and the winner will be announced on November 2nd at the Northeastern Men’s Hockey game against Boston College.
If you are interested in more information about Huntington Management Consulting or the International Case Competition on November 1st and 2nd, please contact Ray at email@example.com.
The D'Amore-McKim full-time MBA program was ranked #55 in the Forbes 2013 List Of America's Best Business Schools!Forbes
, Oct 09, 2013
The D'Amore-McKim full-time MBA program was ranked #55 in the Forbes 2013 List Of America's Best Business Schools! According to alumni, the six-month corporate residency made a "huge difference" in their education. http://onforb.es/1bbTiet
5 Ways Sales Managers Build Productive TeamsYesware
, Oct 08, 2013
To build productive teams, managers must build real teams. As Leonard Glick, Professor at D'Amore-McKim School of Business puts it, "pretend teams" does not a shared standard of excellence make. “If that’s the case, then the answers to productivity lie in individual motivational techniques and the corporate culture,” Glick says. Other real ways to build teams are showing that you are willing to be right in the trenches with your employees, shared team goals instead of individual motivation, team help for individual goals to be met and not met, and striving to achieve goals as a team with all the players including the manager having their eyes on a collective prize.
While America’s losses mount, huge gains for top 1%The Patriot Ledger
, Oct 05, 2013
The economy is not righting itself as quickly or steadily as the Federal Reserve thought it might, so it is buying more bonds. This tactic, known as "quantitative easing" is a way of injecting money into the economy according to Joseph Giglio, finance and strategy professor at Northeastern's D'Amore-McKim School of Business in Boston. Essentially, quantitative easing keeps interest rates low, and the hope is that it will allow businesses and households to spend money as a result. However, it does not seem to be working. "Prolonged low interest rates and an abundant money supply have punished savers and retirees. Their money has generated little return, which forces them into high-risk investments to try and keep up with inflation. The younger generation hurt by high unemployment are not increasing their consumption to make up for the decline in spending among older Americans. And as middle America struggles with rising food and gas prices, weighted down by high unemployment and stagnant wages, the gap between the wealthy and everyone else is growing," says Giglio.
Are Celebrity Endorsements Worth the Big Bucks or the Gamble? The new frontier for firing up a brandAdWeek
, Sept 30, 2013
The best way to a consumers heart may not be a celebrity endorsement. “It really only improves your odds with those people who are fans of the celebrity,” said Bruce Clark, marketing professor at Northeastern University’s D’Amore-McKim school. However, the glint of having exposure to all of Katy Perry's twitter followers may just make it the gamble retailers are willing to pay.
Babson, Northeastern & Harvard Business School Named Best for Breeding EntrepreneursBostInno
, Sept 24, 2013
Ranked #10 by The Princeton Review and Entrepreneur Magazine, Northeastern's undergraduate entrepreneurship program comes together with its classroom work with D'Amore-McKim School of Business and the new Center for Entrepreneurship Education, as well as its out of the classroom experiences provided in part by IDEA, Northeastern's student-run venture accelerator and the Entrepreneurs Club.
Top Undergrad College Entrepreneurship Programs: Princeton Review 2013-14 RankingThe Huffington Post
, Sept 23, 2013
Northeastern University was ranked #10 in the Top Entrepreneurship Programs At Colleges by The Princeton Review. According to The Princeton Review, the survey that collects data for this ranking is conducted from April through June 2013, comprised of 60 questions, and asks school administrators about "their schools' levels of commitment to entrepreneurship inside and outside the classroom, the percentage of faculty, students, and alumni actively and successfully involved in entrepreneurial endeavors, and the number and reach of their mentorship programs."
Do Not Disturb: Preventing Supply Chain DisruptionWall Street Journal
, Sept 23, 2013
“If you are sourcing manufacturing from outside the U.S., you are probably sharing design and trade secrets to get the job completed, such as the unique construction or components of your product. Because of this, your risk may be higher,” says Gilbert Nyaga, associate professor of supply chain management at D’Amore-McKim School of Business, Northeastern University. “Companies are increasingly asking their supply chain partners to provide them with a contingency plan which details how they will protect intellectual property and respond to potential disruptions.” Nyaga's research suggests thcreating relationships with suppliers, rather than relying solely on a contract, especially when you are looking at the global market.
Do Millennials Think Differently About Money And Career?Forbes
, Sept 17, 2013
Millennials might just be more outspoken than their predecessors. “I think a lot of things that companies are saying about how to treat millennials – which is to give them more autonomy and to challenge them and treat them well – are true but I think that was always true,” says Leonard J. Glick, professor of management and organizational development at D'Amore-McKim School of Business. “Maybe what’s different today is that companies can’t get away as quickly with mistreating employees.”
Money Matters (But Not As Much As You Think It Does)Forbes
, Sept 11, 2013
Money may not be the top motivator at work. In fact, Leonard J. Glick, professor of management and organizational development at D'Amore-McKim School of Business, thinks that putting money first could be a mistake. “I think managers or companies get into trouble when they view money as the only motivator and overlook other aspects of the organization,” he says. According to Glick and others in the field, workplace culture, team dynamics, and the perceived importance of one's work are often the most motivating aspects to an employee.
Upcoming MBA Women International 2013 Conference to be held in BostonBoston.com
, Sept 10, 2013
Dr. Paula Caligiuri, Distinguished Professor at D'Amore-McKim School of Business, will give a keynote at this year's MBA Women International 2013 Conference.is the title of the conference, where both students and professionals are the benefactors of this event with brings business women together for networking, career search tactics, and keynote speakers. D'Amore-McKim School of Business is this years Lead Academic Sponsor of the conference titled "Women, Purpose & Passion: Turning Vision into Action". Boston.com quotes that Northeastern University's President and Board of Trustees "have made a special pledge to support the advancement of women in technology, science, and sustainability," according to Kate Carleton, Special Advisor to the Senior Vice President, University Advancement.
US News ranked BSIB #8 in international programsUS News and World Report
, Sept 10, 2013
7 ways to keep your employees happy (and working really hard)Forbes
, Sept 08, 2013
Leonard J. Glick, professor of management and organizational development at Northeastern's D'Amore-McKim School of Business, has some secrets to keeping your employees not only happy, but motivated. Fostering responsibility is Glick's top tip: “One of the principles of self-managed teams is to organize around a whole service or product," which Glick continues, “It all contributes to a feeling of ‘it’s mine,’ and most people, when it’s theirs, don’t want to fail, don’t want to build poor quality and don’t want to dissatisfy the customer,” Glick also encourages managers giving new responsibilities to employees in order to grow the scope and interest of a job, being transparent with the team, treating your employees like adults, and being a consistent boss are valuable and meaningful to your employees. Glick also mentions salary and perks, and says while a factor, may not be as important as you think to motivating your employees and keeping them in the happy column.
Get an Early Start on Your Year-End Financial Check UpDeposit Accounts
, Sept 08, 2013
Before scrambling to make everything happen before the clock strikes 2014, start early and get your finances in order in the early fall. It could save you time, energy, and expenses later. Some suggestions are to check on your flexible spending accounts, Timothy Gagnon, professor at Northeastern's D'Amore-McKim School of Business advises. Often having a 'use-it or lose-it' policy, now is a good time to calculate and plan how to spend it down. Other tips include giving early to charity and family, and doing a check on what life events may cause your finances to change.
The Princeton Review and Entrepreneur magazine ranked the undergraduate entrepreneurship program #10 out of 50 schools nationallyThe Princeton Review and Entrepreneur magazine
, Sept 2013
Fast-food worker strikes coming to Los Angeles; higher wages soughtLA Times
, Aug 21, 2013
McDonald's is the target of these strikes, as workers are demanding $15-an-hour pay, according to the LA Times. Ed Wertheim, professor at Boston's Northeastern University D'Amore-McKim School of Business, says that the struggle to form unions stems from the transient career track. "The mind-set among the vast majority of these workers is that they're not going to be in it for the long haul as a career. And they're certainly viewed as being easily replaceable." Because of this industry track, the demands of the wage increase are continually difficult to tackle.
The Likeability Factor: Corporate Personality Matters!Acord
, Aug 18, 2013
What's the value of a Facebook 'like'? Well, there is a formula for that, but on a more basic level - what's the value of likeability? For B2B, you might slough it off, but it's important. And with your image being as ubiquitous for B2B as it is B2C with social media playing a part, the likeability game is getting on the radar. "When you have a choice, why wouldn't you buy from someone you like? This is one of the reasons companies invest so much money in building a positive brand image," says marketing professor Bruce Clark.
Reasons for hope in Detroit's bankruptcyPatriot Ledger
, Aug 17, 2013
Detroit, is 'not too big to fail', according to Joseph Giglio, professor of strategic planning at D'Amore-McKim's School of Business, and that might just be to the city's advantage. Its bankruptcy gives the city a chance to start over and to put plans in place to move strategically and thoughtfully for its revitalization. Giglio precautions, "Building on these signs [of businesses and people returning] will require both city and big three leaders to resist the temptations they succumbed to in the past. Instead of quick profits and machine politics, the focus must now be on giving middle-class families a reason to return."
What do accountants do in the offseason?Bluffton Today
, Aug 16, 2013
While yes, there is some reprieve from tax season for accountants, it is likely not comprised of a six-month vacation. Timothy Gagnon, professor of accounting, accounts that “for many the season does not end. Extensions of tax returns and companies with non-December year-ends are completed during the ‘offseason.’ In many cases the accountant offers reduced rates during the offseason to try and shift work to the offseason. The profession has been working to move work through the year to level the work flow and keep staff working.” It is also a good time for people to take planning measures with their accountants.
Can Paula Deen Recover (and who really pays if she doesn't)NPR
, Aug 15, 2013
Paula Deen will likely recover from her recent splash in the media. However, she may not recover with everyone. "Celebrities are like a center of gravity," says marketing professor Bruce Clark. "They just draw all the attention in the news media." It's difficult for marketers to decide whether or not to put a celebrity endorsement on their product. Ultimately, the product might be the only thing that fails from negative celebrity feedback. So while Paula Deen might recover, companies that have worked with her may get distant, and companies that may have liked to work with her may reconsider.
US files lawsuit against airline mergerThe Boston Globe
, Aug 14, 2013
While mergers are infrequent in the airline industry, and often scrutinized, they are necessary to an extent. “The government has understood in the past that the airline industry may have been too competitive, resulting in a bankruptcy by almost every single major carrier, and so the government permitted some mergers,” said Harlan Platt, an expert in airline business and finance professor at Boston's Northeastern University. “But eventually you get to the straw that breaks the camel’s back, and this merger was probably being viewed in the Justice Department as that straw.” This lawsuit will likely set a precedent for other measures, as many do not agree with how it is singling out one merger and not addressing other issues.
Career Journal: How to motivate employeesThe Wall Street Journal: India
, Aug 12, 2013
If it's your company, you want it to succeed, and therefore you are motivated, right? This is the incentive Leonard Glick, professor of management and organizational development poses. A sense of ownership, Glick then transposes, should motivate your employees. Glick furthers the challenge to managers, saying "One of the ways to [motivate by ownership] is by explaining to employees how their work impacts the business. When new employees join, they should be told not only what their job is, but how it fits into what the company does."
Schooled by Occupy movement, fast-food workers put demands on the tableThe Christian Science Monitor
, July 30, 2013
As a result of the “Occupy Movement” example, fast-food workers took to the streets of New York today, July 30, to protest and demand an increase from the minimum wage of $7.25 an hour to $15 an hour. According to Edward Wertheim, D’Amore-McKim professor of management and organizational development at Northeastern University, “This walkout seems to be more for public opinion and educating.”
A Big IDEAInside Higher Ed
, July 25, 2013
The university education can be a powerful tool in becoming a successful business person. IDEA, Northeastern's venture accelerator takes experiential learning steps further, with the unique opportunities it provides, "staying involved until the venture is self-sustaining," according to Daniel Gregory, co-director of the Center for Entrepreneurship Education. Innovation and entrepreneurship are ubiquitous commodities, but Northeastern and IDEA continue to push the criteria. Marc Meyer, the Robert J. Shillman Professor of Entrepreneurship and a Matthews Distinguished Professor and Northeastern, and a co-director of Northeastern's Center for Entrepreneurship Education, says, "The think that is innovative and disruptive about what we do is that we have organized a system where you have three components of a continuum: educate, incubate and launch. IEA is an important part of this, and so are our entrepreneurship courses and co-op jobs in early-stage entrepreneurial firms. We house these activities in a University-wide Center that draws active participants from across the entire university, as well as alums. All this makes for a tremendous experiential learning experience focused on entrepreneurial thinking."
Marc H. Meyer: Strike the Right BalanceWSJ Blogs
, July 24, 2013
Starting a venture on your own is tough, and often impractical. Marc Meyer, founder of the Entrepreneurship and Innovation Group at D'Amore-McKim School of Business, advises that at least two, and often more people are needed to successfully create a compliment of skills including business, interpersonal, technical, and marketing. And while you may know someone with a set of those skills, they may not be the best fit for your start-up. Meyer concludes, "Building a team of individuals with a set of complementary skills and that trust one another's judgment is just as important as any market need, product innovation or financial investment in a venture's journey to success."
The realities of America’s so-called Golden AgeThe Patriot Ledger
, July 20, 2013
The Golden Age of the U.S. was built largely on 'coincidence' rather than economic strategy, according to finance professor Joseph Giglio, of the D'Amore-McKim School of Business. "A confluence of circumstances allowed the United States economy to emerge from World War II with no real global competition. Those circumstances, which resulted in decades of prosperity, were not sustainable. As they fell away, so did assurances that each generation of Americans would enjoy a better living standard than the one that preceded it." The likeliness of another post-war boon does not seem realistic.
Co-ops could be a stitch in timeMail & Guardian Africa
, July 19, 2013
Co-operative businesses seem viable in theory, especially in small start-ups, but the longevity is questionable. “Co-ops perform poorly when they become inwardly focused on the needs of their members, instead of focusing on customers and competitors. This risk increases if the co-op is governed democratically — that is, by asking members to vote on major issues," said Ravi Ramamurti, director of the Center for Emerging Markets at Boston's Northeastern University. Education of employees toward the goals and overall mission may be useful, but as co-operatives become ubiquitous in areas such as South Africa, and unions field complaints of unclear business practice, the concept may soon become less appealing.
What Should B2B Marketers Do if They’re Not Generating Enough Leads?DM Confidential
, July 19, 2013
DM Confidential asked the experts: “If a B2B marketer finds that they aren’t generating enough leads, what is the most important advice you would give them?”
Jay Mulki, professor of marketing, D'Amore-McKim School of Business suggests in response:
“Join a sales club: This is a group of people representing several different industries (only one per industry) and meets weekly. Each person is required to provide leads and tips about needs or projects they have heard through their contacts or happen to hear at their own project locations. I used to be a member when I was in the industry, and we met every week for breakfast and shared leads and tips. Also, join a buyers association and attend social meetings.”
Unemployed? Here's how to nab an interviewCareer Builder
, July 17, 2013
"Remember to be enthusiastic and interested throughout the interview, regardless of how frustrated you may be with your job search," says Lynne Sarikas, director of Northeastern University's MBA Career Center. Looking for a job can be extremely challenging but showing confidence, proving that you are a good fit for the job and the company, and explaining any periods of unemployment can be extremely beneficial during your interview.
Flip-Flops At The Office And All The Other Things You Shouldn't Wear To WorkBusiness Insider
, July 16, 2013
Everyone and every business is a little bit different when it comes to office culture and dress. The best way to keep it copasetic is to keep your eyes open to your environment. “Before you head to the office in capris, shorts or a golf shirt, be sure you understand the expectations in your particular office. Follow the lead of the managers in your group or division,” says Lynne Sarikas, MBA Career Center Director at Northeastern University.
The 6 Steps For Retaining Good Employees(2)Forbes
, July 15, 2013
If you want good employees to stay your employees, the key may be in the communication, writes Edward Wertheim, professor of management and organizational development at D'Amore-McKim School of Business, in a research paper. Forbes captures all of Wertheim's tips on keeping your team intact and motivated.
11 Resume Myths Busted: Realities RevealedBusinessNewsDaily
, July 12, 2013
There are many things you've been told about resumes and job seeking. Some advice might be better than another. Lynne Sarikas, MBA Career Center Director at Northeastern University, busts a myth - that white lies are OK. Sarikas disagrees. IN this Business News Daily article, she advises that you should not put things on your resume that are untrue, and that encompasses exaggeration of your work. Limit your resume to the facts. See other myths and their remedies here.
38 Percent Of U.S. Workers Have No Paid Sick Leave: CNBCHuffington Post
, July 08, 2013
There are state and national efforts to instill paid sick leave into law. While some experts think that a person out means productivity goes down, Lynne Sarikas, Northeastern's MBA Career Center Director, advises otherwise. "Employers are penny wise and pound foolish to eliminate paid sick leave," said Sarikas. "It is a much better investment to pay the sick employee to stay home instead of infecting the entire office," she concludes.
For Millions of Workers, Getting Sick Doesn't PayCNBC
, July 07, 2013
"Employers are penny wise and pound foolish to eliminate paid sick leave," said Lynne Sarikas, director, of the MBA Career Center at Northeastern University. Without a national policy, the option to give employees sick days is left to the companies themselves and according to the Center for American Progress that leaves nearly 40 million American workers without any paid sick leave.
America needs jobs and needs them now; here’s howThe Patriot Ledger
, July 06, 2013
Joseph Giglio, finance and strategy professor at D'Amore-McKim School of Business, says that infrastructure and a sound investment in the strategic plan that goes with creating long term infrastructure, is a key to bolstering the unemployment rate and therefore the economy. Giglio cites tax benefits and an injection of technologically inclined workers trained by the military, to jump start those infrastructural plans from the outset, and a continued all-aspect strategy not only for the here and now, but one that looks forward to the long-term.
Come to College! Get Funded! Northeastern Offers the Nation’s Only Student-Run Venture Accelerator, IDEAFast Company
, July 01, 2013
"Northeastern right now is one of the biggest hotbeds of entrepreneurship I’ve seen," says 23-year old Northeastern student Chris Wolfel. Wolfel, CEO of Northeastern’s IDEA, the only student-run venture accelerator in the county, has found beneficial to not only his education, but to the experiential learning that is giving him a head start in entrepreneurship outside the classroom. "I learned as much if not more from IDEA than in my classrooms," Wolfel says. "It’s real life."
Professor Annique Un is a recipient of the Best Reviewer Award for the 2013 AIB annual meeting
July 01, 2013
Professor Annique Un received the Best Reviewer Award at the 2013 Academy of International Business annual meeting for her work providing input to authors.
Unemployment rate ignores the millions of American who have stopped lookingPatriot Ledger
, June 27, 2013
It’s always been said to take statistics with a grain of salt, and the unemployment rate is no different. Unemployment stands at 7.6%, 2.9 percentage points higher than the pre-recession rate of 4.7% in 2007. This high number is not truly representative of the economic condition of the U.S. workforce. Joseph Giglio, Professor of General Management, highlights how 500,000 people have dropped out of the job search and its impact on the “official” unemployment rate. “A jobless rate that low is not valid if it is predicated on a shrinking labor force. By only counting people who actually tried to find work within the previous four weeks, the unemployment rate ignores the millions of Americans who have stopped looking,” says Giglio. Taking the mass-exodus from the labor force into account, “the true, actual joblessness rate is closer to 13.8 percent,” claims Giglio.
How to Find a Mentor to Help Your CareerBargaineering
, June 24, 2013
Mentors act as a career asset, as they “can provide valuable advice, counsel, advocacy and networking assistance,” states Lynne Sarikas, director of the MBA Career Center. Start the search with a clarified list of goals you expect out of the relationship. Friends and family may help you network to find other contacts, but be warned against using a loved one as a mentor, as they “often lack experience in the field…. Professional mentors can provide support, encouragement, and career-related guidance, while identifying and maximizing networking and career exploration opportunities,” says Sarikas. Once a mentor is found, maintain that relationship with professionalism through prompt communication and acceptance of feedback, whether positive or negative.
Are You Sabotaging Your Job Search?Career Attraction
, June 24, 2013
As job seekers get desperate, their apprehensions about paying rent and other bills often results in frustration, leading to shortcuts and an improper job search process.Lynne Sarikas, director of the MBA Career Center, suggests making a plan and sticking to it. This will aid the job seeker in paying attention to detail, which, combined with networking, are the only “only tried and true job search tactics—proven to work time and time again,” says Sarikas. Going the extra mile by researching a company, hiring manager, and including a cover letter when not required offers evidence “that you took some initiative and learned something about us” while “address(ing) what I’m looking for and how your particular experience fits my specific needs.”
How to Get Hired After Being FiredFind the Right Job
, June 17, 2013
You will likely have a better chance of gaining new employment if you were let go from your last job as a result of economic downsizing. If you were fired due to lack of performance, your best bet may be to simply state the facts. “You must be honest because [an employer] will verify employment and check references,” says Lynne Sarikas, Northeastern University's MBA Career Center Director in this Find the Right Job article. Keep the conversation short and neutral, experts say. “There is nothing to be gained by bashing a former company or manager, and to many hiring managers it is a red flag that you don’t get along well with others,” advises Sarikas
The resurgence of Gatsby – on Wall StreetPatriot Ledger
, June 15, 2013
With the resurgence of “Gatsby Mania,” Joseph Giglio, professor at the D’Amore-McKim School of Business, offers commentary on how The Great Gatsby “is truly a reflection of our own time.” Giglio gives comparison to Gatsby and today’s Wall Street Ponzi Schemers. He even highlights how the 1% inequality inherent in our economic structure today (as a result of the economic recession) is similar to that of the Jazz age.
Think about your finances when switching careersGreen Bay Press Gazette
, June 14, 2013
The day may come when your job no longer provides you with the spark it used to; it may be time to switch careers. Once this decision is made, it is important to decide what you would like to do next, while minding your finances. A budget helps you to decide exactly how much you need to make. Lynne Sarikas, director of the MBA Career Center, poses the question “What is the minimum salary you can accept and survive?” By detailing your budget, you can move into the next phase by utilizing your time efficiently. The next step may be volunteering or you may need to “think about whether going back to school for a degree in the new field would propel your career forward in this new field,” states Sarikas.
Is the Fiduciary Liability of Self-Directed Brokerage Options Too Great for 401k Plan Sponsors?Simply Hired Blog
, June 11, 2013
Self-directed plans are coming to the forefront of the fiduciary landscape as more plans are offering this option; however, employee participation is low and generally limited to high level executives. Industry experts warn unskilled investors to heavily weigh this option, as inexperience generally leads to investing in individual stocks. This results in an undiversified, highly risky portfolio. Harlan Platt, a Finance Professor at the D’Amore-McKim School for Business goes as far as to compare professional and non-professional investors, stating the key different is that non-professional investors “get into the market at the top and sellout at the bottom” while professional investors “ are merely momentum followers.” Platt advises that “investors would be better served by putting their funds into a large investment house and having the money invested in one of their balanced, (i.e., equities and fixed income), funds.”
A Tax Fight in Pittsburgh and the Future of Non-Profit Hospitals NationwideTIME Magazine
, June 10, 2013
The University of Pittsburgh Medical Center (UPMC) is considered a nonprofit entity. It is also a lucrative and powerful organization. "The fact is hospitals are coming under more scrutiny,” says Gary Young, director of Northeastern University’s Center for Health Policy and Healthcare Research. “The city’s willingness to take on a hospital [to legally force them to pay taxes] with the cachet that UPMC has is sending a chill down the spines of many hospitals around the country who are saying, ‘If this is happening in Pittsburgh, what could happen with us?’”
What college students should be doing during summer breakThe Work Buzz/Chicago Tribune
, June 10, 2013
How are you spending your summer break? While hitting the beach or sitting by the pool may be the most exciting options, thinking about your future career may be the most practical. Freshman heading into their sophomore year should look to clarify career goals and hints that “this is a critical time to begin networking. Talk to people who work in fields that interest you or companies that interest you,” says Lynne Sarikas, director of the MBA Career Center. Starting the conversation with friends or family will allow you to practice and become comfortable with the discussion at hand before moving onto alumni and professionals. Soon-to-be seniors should look to networking as well; however, Sarikas states that students should “try to do at least two networking informational interviews each week. Identify a relevant professional association and join as a student member.” And if you were yet to find an internship, this is the time to find one a revamp your resume and practice writing cover letters, as Sarikas says “the more preparation you do now, the easier the process will be.”
inding a Female-Friendly CompanyHealth Callings
, June 05, 2013
Though there are claims in progress, women still face many challenges to find equal footing in the workplace. Spotting the true changes can be difficult. Lynne Sarikas, MBA Career Center Director at Northeastern University, suggests looking at reputation, “In general, companies that make it to the ‘best places to work’ lists have policies that support and encourage all employees to be successful,”
An 18-Year-Old California Entrepreneur Sells Flights on Vintage JetsABC News
, June 04, 2013
Sean Burris 18, plans on attending the D'Amore-McKim School of Business, majoring in business administration, upon graduation. Right now, he is busy with his company, Classic Jet Tours, which puts vintage airplanes back in the air for those who want to pay for a bit of nostalgia. Already a budding entrepreneur, Burris plans on putting his university studies to good use.
How I Got the Job: The 4 Year SearchWork Reimagined
, June 03, 2013
As a midlife job seeker, finding a job can be frustrating and take longer than the average pursuit. Lynne Sarikas, director of the MBA Career Center, advises networking, as resumes alone do not promise a job at that point. “When the hiring manager sits down to read resumes, he won’t start with the stack of hundreds of unknowns. He’ll go right to the short stack, the 20 or so resumes trusted coworkers have put in his hands, saying, `We should take a look at this guy,’” says Sarikas. Beware that there may be disappointments, as “even a single bad quarter of results can cause jobs to evaporate,” states Sarikas. Being open and seeking help can ultimately lend a hand in the job search process. On being open, Sarikas chimes in on her own experience: “If you had told me I’d be working for a university five years ago, for example, I wouldn’t have believed it. But it’s been a great change for me.”
4 Ways To Tell If It's Time To Look For A New JobSimply Hired
, June 03, 2013
It isn't always apparent that you might be burnt out or overqualified for your current job. Are you feeling overworked? Do you have some time for life outside of work? Lynne Sarikas, MBA career center director, suggests asking yourself, "Is this the position that you must survive to advance to the next step? Is there a major project underway that is demanding more hours or is it standard operating procedure?" Sarikas also advises to look at your colleagues - are they moving up while you are staying stagnant? She again suggests the self/work life assessment - "Was I the most qualified candidate?" It might be a good time to sit down with your boss. "There may be skills you need to develop or issues to address. Identify what you need to do and build a plan to be prepared for more opportunities going forward," Sarikas concludes.
Should you lend your child money to buy a homeInterest.com
, June 01, 2013
As you look to buy a home, where is the first place you would look for financing? While many look to banks and private institutions, 6% of first-time home buyers obtain a loan from relatives. As the loan recipient receives cost savings on interest, the loan bearer earns more than a savings account yields. Yet, there are facts to bear in mind when making the decision to finance your child or relative’s home. One of the key facts is the conflicts that can arise when financing for your relative. Tim Gagnon, of Northeastern University’s D’Amore-McKim School of Business, states that the “parent-child relationship may become strained when you loan the money and are not repaid correctly or the child is constantly paying late or buying things that the parent feels are improper or causing late payments.”
Charge Drivers to Use HighwaysPatriot Ledger
, June 01, 2013
Based on a hypothetical example of the Bijou Theatre, Joseph Giglio, professor at the D’Amore-McKim School of Business makes a case for charging drivers to use highways. Giglio fabricates the town of Santa Rosita, which is forced to buy the Bijou movie theatre and begins to offer movies for free to the public, resulting in long lines for movie attendance. When considering the costs of this theatre to the consumers, “free” is a relative concept, as the residents spend much time waiting in lines. Giglio offers a perfect comparison with the current highway system in the U.S.: “access to highway lanes is free to all motorists, regardless of the time of day or day of the week … Free, that is, in the sense of not charging motorists a set amount for each mile they travel. But it is scarcely free when we consider the time motorists spend traveling that mile during periods of high demand.” states Giglio. Giglio offers the claim that with new technology, like smart highways and smart phones, the government could monitor the collection of “reasonable fees for using the roads based on miles traveled, type of vehicle driven, amount of pollution generated and the level of traffic demand.”
Should you lend your child money to buy a home?Interest.com
, June 01, 2013
You can help your child and make money (interest fees) when assisting financially in your child's mortgage process - but should you do it? Tim Gagnon, accounting professor at D'Amore-McKim School of Business, has some advice. "The parent-child relationship may become strained when you loan the money and are not repaid correctly or the child is constantly paying late or buying things that the parent feels are improper or causing late payments," he says. And you may need to access whether or not you could get tough if something goes wrong with the loan agreement. Says Gagnon, "can you foreclose on your child, can you evict your child and will they see you as the first payment they should make each month?" You may be a forgiving parent, but are you a forgiving mortgage lender? If you are, you might see some issues down the road. Gagnon mentions that if you forgive a loan, it could turn into a gift, and that could also be bad news for your child, as they come across other tax implications.
Elders Should Exercise Caution Before Turning to Payday LoansAgingCare.com
, May 22, 2013
As more elders look to payday loans, a form short-term financing, to cover their everyday bills, experts are warning the elderly against these loans. Payday loans allow borrowers with a stable source of income and a checking account to borrow money until their next pay day, seeming like the perfect fix for a cash strapped situation. However, with high interest rates and all-at-once repayment, payday loans can leave an elderly person in a never-ending circle of debt. According to Joseph Giglio, Professor at the D’Amore-McKim School of Business, one-third of the elderly depend on their Social Security income for 90% of their total calculated income, as reported by AgingCare.com. Experts warn the already of the problems of paying back the loan – for instance, if they were to face an emergency situation and also had to refinance a payday loan, they may not have the funds to supplement both and will have to extend their payday loan with additional money.
Middle Class, Development Zones drive FDI to ChinaSite Selection/China Economic Net
, May 21, 2013
As the world’s economy faces hardship of the economic slump, countries have seen decreased foreign direct investment (FDI). Developed countries, like the U.S. and Japan, have been hit the hardest as the global FDI level has fallen to $1.3 trillion from $1.6 trillion in 2012. China, however, has still maintained a growth rate of 8%, allotting for the continued attraction of FDI. China owes its growth to its 300 to 400 million middle class members and government spending. In order to maintain the high FDI level, China must work to maintain its development areas, like that of the Tianjin Economic-Technological Development Area or TEDA. These areas face large amounts of FDI to the manufacturing and service sector. Some experts vie that China has seen more interest in the service sector rather than the manufacturing industry. Ravi Ramamurti, director of the Center for Emerging Markets at Northeastern University, is a critic of this stance, stating that the “death of China as an export powerhouse is vastly exaggerated. No other country is as attractive a market or as attractive a source of talent as China. Only one thing has changed: Chinese wages have risen and the supply of cheap labor for low-end work is disappearing, particularly in the coastal provinces.” Districts like TEDA attract high levels of investment from western Multi-national corporations (MNCs). According to Ramamurti, these MNC’s need China as much as China needs them, stating that “China has become even more important to Western MNCs as its middle class grows, prospers, and consumes more. No global firm can expect to do well in the long run without a significant share of the Chinese market."
Low-residency programs blend online, campus classesBoston Globe
, May 19, 2013
Many working adults find it hard to balance work and home life with limited time, making continued education unthinkable. Yet, many working adults are turning to part-time programs, called “hybrid” or “low-residency” programs offered by leading higher education institutions. These programs allow working professionals to continue their education without moving their families or taking extensive time off work. These programs compete with night and online classes, yet hybrid programs offer increased social contact and adaptability. For example, Northeastern offers a doctoral program focusing on law and policy, which allows working adults, like Steve Mosenson, to take online courses with the occasional travel to Boston for face-to-face instruction.
Another Housing Market of CardsPatriot Ledger
, May 18, 2013
It is hard to forget the great “Housing Bubble”. From its creation in 2000 to its ultimate burst in 2008, the country owes its economic recession to low-interest rates proliferated by large financial institutions, like Bank of America, and the Federal Reserve. As we are currently facing rising home prices and a housing recovery, many wonder whether history will repeat itself. Joseph Giglio, professor at the D’Amore-McKim School of Business, poses that the idea that the question is not whether or not it will happen again but rather “whether the housing recovery is caused by rising demand from people, who are doing better economically, or big investment companies, private equity firms, hedge funds, and foreign buyers betting on the housing market’s recovery by buying homes, renting them for short-term profit and holding them for long-term price appreciation?” With this idea in mind, Giglio hopes that “Wall Street’s speculative housing bet facilitated by the Federal Reserve’s zero interest rate policy doesn’t lead to another crash in which the rise in home price increases is not supported by economic fundamentals and ordinary people ultimately bear the cost.”
Abercrombie and Fitch: Are Jeffries marketing tactics bad?Examiner.com
, May 18, 2013
Abercrombie and Fitch, the clothing retail store, is under fire for its recent public relations faux pax. The retailer made a statement that they only serve the "cool kids." And while the 2006 original statement may have been viewed in bad taste, Bruce Clark, marketing professor at D'Amore-McKim School of Business, says that, "Regarding its own customers, A&F is doing what any good firm should do: pick a target market and serve it well. They don't carry large size women's clothes. They also don't carry toddler clothes...or bicycles. A&F serves a certain population with a specific offering. Cultivating a brand image through a clear value proposition to defined target market is good marketing."
However, Clark continues to point out that the non-target messaging is in poor form: "I see the marketing problem as how A&F is treating people who aren't its customers...You don't see the chairman of BMW saying, 'Poor people aren't worth our time.' " The lesson may be to address PR messaging nicely and politically or not at all.
It’s the Real DealSupply & Demand Chain Executive
, May 14, 2013
Made in China – a stipulation we’ve come accustomed to here in the U.S. But this may not be the case much longer. As offshore production was once considered the cheapest source of labor for companies, aspects like raising wages in China, long lead times, and lack of control of the supply chain have led many U.S. manufacturing companies to flee back to U.S. shores. 37% of manufacturing companies studied with sales of $1 billion or greater were considering reshoring, as indicated by a study by the Boston Consulting Group. Tucker Marion, Assistant Professor of Technological Entrepreneurship, highlights smarter professionals and rational thinking. “You need to be smarter about things. The U.S. is still the largest economy in the world by two or three times, even with China growing,” stated Marion. “If you’re going to look at the total equation, it doesn’t make sense to ship [products] 15,000 miles in four weeks. Ten years ago, everyone was on the bandwagon to offshore. We’re smarter now.” It looks like it’s time for the rebirth of “Made in the U.S.A.”
Congress and the President can compromise – to protect themselvesPatriot Ledger
, May 04, 2013
While the rest of the nation was watching the 2013 Boston Marathon Bombings with disbelief and anguish, the President signed Senate Bill 716, which modified requirements of the STOCK Act. The STOCK Act, prohibited members of Congress and senior executive and legislative branch officials from trading based on knowledge they obtained as a result of their jobs. It increased transparency by beefing up financial disclosure requirements on stock trades and posting the annual financial disclosure forms filed by federal officials on a publicly available online database,” as told by Joseph Giglio, professor at the D’Amore-McKim School of Business. Giglio claims that while historically, Congress and the President have been adverse to each other, with the enactment of this bill they “set aside their ideological divide and come together to reach a solution that incorporated the best thinking on both sides;” But at what cost? The bill serves to protect members of the government and “clearly violates President Obama’s 2008 campaign promise to allow time for public input by posting every bill Congress passes online for five days before he acts on the legislation,” says Giglio. Giglio hopes that this act of bipartisanship will transfer over to “progress on gun control, immigration, and the nation’s fiscal woes.”
PreApps social marketplace builds new app buzzUSA Today
, May 02, 2013
Northeastern University’s business student Sean Casto has developed a mobile app that allows users to preview new apps,
including the ability view, rate, and beta test. This app allows developers to
make head way over the barrage of new apps that overcome the marketplace every
month. With this app, Casto hopes to “help create pre-launch buzz, build brand
recognition, but most importantly, build a following behind up-and-coming
apps." The app looks promising – so promising that Microsoft has geared up
a partnership with the app for Windows 8 developers. This app will benefit more than just consumers; it will
allow developers to receive feedback on their apps before the initial launch.
PreApps will also “support them (developers) post-launch with development
tools, press releases and icon creation,” states Casto.
Should You Invest in Bitcoin?Yahoo! Finance
, May 01, 2013
You’ve probably heard the term “Bitcoin” abuzz in the mainstream investment media lately. The question to invest is preceded by the question – what actually is a bitcoin? Bitcoins refer to a digital form of money that is created, authenticated and verified by algorithms and computer processes. The concept is hard to grasp as, like debit and credit card transactions, no money is physically held. Harlan Platt, Professor of Finance at the D’Amore-McKim School of Business, compares bitcoins to fairy dust, claiming, “Bitcoins are a bit like pixie dust, the substance that Tinker Bell used. It only exists if you believe it exists.” Experts are divided on their opinions of bitcoin. Advocates push for bitcoin due to the ability to quickly exchange money and the verification process that renders counterfeiting impossible. Critics are not so accepting – they view the “digital” creation (with no human interaction) aspect to be imposing. Critics also refer to bitcoin’s lack of insurance against theft, as Platt states that “unlike formal currencies, there is nothing that stands behind them (bitcoins) such as the full faith and credit of the United States government.”
Is it worth it: Buying GoldDimespring
, Apr 29, 2013
The price of gold is highly volatile, and with the abundance of doomsday rumors, people are left wondering: is it worth it to buy gold? Gold advocates cite the golden currency as a hedge against inflation. Gold critics, however, like Jeffrey Born, Professor of Finance at the D’Amore-McKim School of Business, have a much different view. Born states that gold has “no dividends, it costs money to store and there is the risk of being stolen, even if you bury it in your backyard or basement.” Born goes on to warn those afraid of “doomsday” that gold will do them no good, claiming ““Is your grocery store going to accept a Krugerrand? If you really want to prepare for doomsday, buy canned tuna.” Opinions aside, experts agree gold should make up no more than 10% of your total investment portfolio.
Feud over electric-car charging stationsChicago Tribune
, Apr 28, 2013
Going green in Chicago has led to rising conflicts. As 350Green’s plan to implement electric charging stations that would serve up to 12,000 electric cars fell short with only 441 electric cars, JNS Holdings and Car Charging Group are pursuing litigation over claims that both have agreements with 350Green to head the initiative. And just why are they fighting? For the green– and by green, we mean money, of course. Rosanna Garcia, associate professor of innovation, sheds light on profits within the charging station industry. Garcia claims that “although the charging stations themselves are quite expensive, the return on investment can be quite good if a company is the primary provider of units around a city or a country," where station owners can charge $1 to $5 per 15 minutes of charging, which is a huge markup on the 50 cents per hour it costs to charge a car, as reported by the Chicago Tribune.
Small Business: Family BusinessesThe New Zealand Herald
, Apr 26, 2013
It is likely that if you are a part of a family owned and operated business, than you may have had less trouble with the economic downturn than your non-family owned colleagues. Justin Craig, professor of entrepreneurship at Northeastern's D'Amore-McKim School of Business, has recently founded research that gives evidence that a family business is more likely to succeed to sustain during a financial crisis on an international basis. His research provided backing that the members of a family business are more motivated and more aligned with the overall business objectives in a comprehensive way than those in non-family business. There is a greater goal which comes from a 'stewardship theoretical lens', which Dr. Craig proposes as a reason why managing family members can be more productive and community oriented. It seems that family members stick together and succeed in all kinds of crisis, and that works well for their businesses.
Don’t Worry, Be Happy – At WorkUS News
, Apr 22, 2013
Recent surveys have unveiled that a vast majority of employees are unhappy with their current jobs, like the findings that approximately 60% of 26,000 workers were unhappy enough to consider changing careers, as found by Yahoo! Finance and PARADE Magazine. With an increased number of employees leaving their positions, US News advises employees to take advantage of employee perks, confront those who are not pulling their weight and revisit what your motivations are. Above all else, avoid a negative atmosphere. Lynne Sarikas, Director of the M.B.A. Career Center at the D'Amore-McKim School of Business, states that "some people just have to have something to complain about and will always find a new grievance to air to anyone who will listen.” Sarikas advises limited contact, saying “Don't fuel their fire. Don't have more contact with them than absolutely necessary.”
Julie Hertenstein awarded Excellence in Teaching AwardAcademic Honors Convocation, Northeastern University
, Apr 19, 2013
Students describe Professor Julie Hertenstein’s teaching as “brilliant” and her courses as both “intense” and “impeccably mapped.” Her vivid case studies introduce students to the application of accounting principles and concepts in complex real-world situations. Holding both herself and her students to high standards of performance, she approaches accounting from a strategic perspective that helps students learn to “think like managers,” report her students.
Nominations for the Excellence in Teaching Awards are made by students. They are asked to consider several criteria, including depth of knowledge in the subject; ability to provide effective links between course content, research, and experiential learning; and the rigor of course content. Award decisions are made by a committee composed of faculty members and representatives of the undergraduate Student Government Association and the Graduate Student Government.
Gold’s wounds will take time to healThe Wall Street Journal
, Apr 16, 2013
Jeffery Born, finance professor at D'Amore-McKim School of Business, is very blunt about gold, calling it a "sucker's investment/bet" in an email. He cites in this The Wall Street Journal article that 'it pays no dividends, costs money to store and includes the risk of being stolen'. Born says that when searching for a long-term investment, stocks are the way to go.
J.C. Penney borrows $850 million to boost inventoryReuters
, Apr 15, 2013
J.C. Penney is borrowing money. Sign of financial trouble? Possibly, but it might be the right tactic at the right time. The money is available now, comments Harlan Platt, finance professor at D'Amore-McKim School of Business. "If they had not drawn down the money, it would have come down on its own; they would have lost the availability," says Platt. "You always want to stock up while it's there." So while J.C. Penney may be having some trouble with its competitive advantage over Kohl's Corp and Macy's, this withdrawal of usable funds may be the best advantage for the present moment.
Professor Julie Hertenstein received the 2013 Excellence in Teaching Award at the NU Academic Honors Convocation
Apr 08, 2013
Professor Hertenstein was one of the faculty members honored with an Excellence in Teaching Award. Nominations are made by students, where they are asked to consider a range of criteria, including depth of knowledge and rigor of course content. The final decisions are made by a committee of faculty and student representatives.
Northeastern Named the Inaugural Champion of the Campus Innovation March Madness ChallengeBostInno
, Apr 08, 2013
Not a basketball fan? That's OK, because BostInno's Campus Innovation March Madness Challenge is another great way to see higher education compete for the best. Northeastern topped Babson in the final round after already besting 10 other Boston area schools in the comprehensive bracket. “Most universities do business plan competitions, we do businesses,” said Frank Spital, professor and group coordinator of entrepreneurship and innovation, at the most recent Entrepreneurship Expo (NEXPO). “We start stuff.” The Entrepreneurship Expo is the brainchild of IDEA, Northeastern's Venture Accelerator. It embodies Spital's definition of Northeastern's approach - "educate, incubate and launch" - as he described to BostInno in the past. This win of Northeastern's for Campus Innovation, is a wonderful continuation of the energy put forth by the $60 million gift to the business school by alumni Richard D'Amore and Alan McKim in 2012 and the launch of the Center for Entrepreneurship Education. According to BostInno reporter Lauren Landry, "President Joseph Aoun said it best: 'The world is about innovation,' and Northeastern is dedicated to promoting it."
Undergrad Ranking: Top B-Schools for InternshipsBloomberg Businessweek
, Apr 01, 2013
In 2006, Bloomberg Businessweek started ranking undergraduate business programs and for these past eight years, the D'Amore-McKim School of Business has consecutively topped the internship portion of the standing. “The co-op [internship] program is one of the most significant advantages that Northeastern students have over students of other universities,” says business senior Joseph Boccardo. “Not only does it enable us to graduate with more than a year’s worth of real work experience, but it provides us with a significant base of connections in our professional network and starts us out in the job market with plenty of interview practice under our belts.” Boccardo has completed co-ops at IBM in Costa Rica and Greater Than One, a digital marketing agency located in Madrid, Spain, while at D'Amore-McKim School of Business. Most business students at the school graduate with at least two cooperative experiences with more than 600 companies globally counted as employers. These six-month dedicated experiences coupled with academics create a better opportunity for the job force, with 97.5 percent of the business school's graduating class entering the work force with some job experience, according to Bloomberg Businessweek and the student survey it directs annually.
Bloomberg Businessweek ranks D'Amore-McKim School of Business undergraduate programs #25Bloomberg Businessweek
, Mar 20, 2013
Released on March 20, 2013, the Best Undergraduate Business Schools 2013 rankings show the school at #25 having risen two spots since last year's report.
US News ranked the MBA Program #61 in the U.S. for Best Business Graduate SchoolsUS News
, Mar 15, 2013
Where the jobs are nowBoston Globe Magazine
, Mar 2013
The unemployment rate is reported to be going down, but are you getting called?The indication may truly be in the graduates. "The employer activity has been crazy lately, phones ringing, e-mails coming in. After a few really tough years, it's exciting," says Lynne Sarikas, MBA Career Center Director. She is thrilled that her soon-to-be graduates are getting interviews. This seems to be indicative of a general feeling that people are more comfortable with retiring, moving over, or moving up, giving way to new experience. Sarikas also notes the change in perspective that has come with the recession, "Don't snub an offer of temp-to-permanent as a way to get your foot in the door. Go in and work your butt off - and show you're the right choice."
U.S. Banks Bigger than GDP as Accounting Rift Masks RiskBloomberg Businessweek
, Feb 19, 2013
You often have to read between the lines to assess risk. When it comes to banks, you might need glasses and a team of lawyers. In the U.S., accounting standards are more lenient than international rules. Many items are kept off the books, therefore creating balance-sheets that may be deceiving. “There are probably some dangerous things left off the balance sheet still, and we’ll only find out what in the next crisis,” said David Sherman, accounting professor at Northeastern's D'Amore-McKim School of Business. “But how many times do we have to go through this to figure it all out?” And still, those in charge are at odds, which is leading banks down further paths of divergence, as if all the rules were tossed up in the air. The fall out will likely create unintended consequences and the continually elusive sense of comfort when it comes to setting a standard book-keeping rule.
Professor Joe Raelin has been selected to receive the national CEIA (Cooperative Education and Internship Association) James W. Wilson AwardADAA
, Jan 2013
Professor Joe Raelin of the MOD (Management and Organization Development) Group has been selected to receive the national CEIA (Cooperative Education and Internship Association) James W. Wilson Award for outstanding contributions to research in the field of cooperative education. James W. Wilson was the Asa S. Knowles Professor of Cooperative Education and Director of Northeastern's Cooperative Education Research Center for many years.
This award recognizes outstanding contributions to the promotion and advocacy of research activity in cooperative education. Not presented every year, the last time the award was bestowed was in 2008. Coincidentally but aptly for Northeastern, Professor Raelin holds the same chair as the award's namesake.
Professor John Friar receives two awards at the Family Enterprise Case Competition held at the University of VermontUniversity of Vermont
, Jan 17, 2013
Professor John Friar received two awards for his cases "Ruma's Fruit and Gift Basket: Will Dad Ever Retire?' and "Mid-State Trucking & Storage" at the Family Enterprise Case Competition held at the University of Vermont. This conference focuses on allowing students to demonstrate their knowledge and proficiency in solving intricate family business cases. Professor Friar prepared two cases for this conference, both of which won an award.
2013: Career Resolutions to MakeWomen's Day
, Jan 10, 2013
Water cooler talk is intrinsic to every workplace. But if you want to get ahead, keep your chatting to the news. Director of Northeastern University’s MBA Career Center, Lynne Sarikas, suggests that to improve your satisfaction at work, resist the gossip among co-workers, “If you aren’t part of a solution, you’re part of a problem, and that’s bad for your career and mental health,” she says. Keep mum, and you will likely gain more respect and confidence from your co-workers.
Gloria Barczak appointed Editor-in-Chief of the Journal of Product Innovation Management
Gloria Barczak appointed Editor-in-Chief of the Journal of Product Innovation Management
U-Turn Audio blows past $70k Kickstarter goal for affordable, high-quality turntableBoston Globe
, Jan 03, 2013
Northeastern student Ben Carter and his business partners Bob Hertig and Peter Maltzan, are feeling extremely lucky due to the recent success of their U-Turn Audio project where they received funding for more than $100,000 on Kickstarter. Backers are paying from $150 to $250 for different editions of high-end vinyl players. Hertig acknowledges, “We've said from the very beginning it’s mostly a marketing thing more than anything else to make vinyl seem new again. It’s all very calculated and it takes a huge amount of effort to make it a success.” Their success could not have been made possible without the $2,500 in seed funding, as well as legal and professional marketing advice from IDEA, Northeastern’s Venture Accelerator.
Professors Fareena Sultan and Tao (Tony) Gao have received an Honorable Mention in the Best Article Category for Business Horizons 2012Business Horizons
, Dec 2012
Professors Fareena Sultan and Tao (Tony) Gao have received an Honorable Mention in the Best Article Category for Business Horizons and Elsevier 2012. The article, “Brand in the hand: A cross-market investigation of consumer acceptance of mobile marketing” by Andrew J. Rohm, Tao (Tony) Gao, Fareena Sultan, & Margherita Pagani, published in Business Horizons in 2012 , 55(5), 485-493, was also one of 4 top nominees for the Honorable Mention for articles published in Business Horizons in 2012.
Chaining seniors to povertyThe Patriot Ledger
, Dec 29, 2012
In this commentary published in The Patriot Ledger, Professor of strategic management at the D’Amore-McKim School of Business, Joseph Giglio critiques the implications of Obama’s recent proposal aimed at cutting the deficit. The measure known as the chained consumer price index (CPI) would reduce cost-of-living adjustments for government programs such as Social Security. As a result, Social Security recipients will suffer major changes in their spending habits and their standard of living. Giglio also explains that, “When certain products become more expensive, consumers switch to cheaper ones. Chained CPI attempts to account for that by looking at purchasing changes over time and linking, or chaining, the data together. For example, if beef prices rise faster than chicken prices, consumers will substitute chicken for beef.” Giglio concludes that the program is not driving the deficit and should not have a place in the fiscal cliff negotiation.
US Economy 2013: If 'Fiscal Cliff' Is Avoided, What About Debt Ceiling?International Business Times
, Dec 21, 2012
Joseph Giglio, professor of strategic management at Northeastern University's D’Amore-McKim School of Business, offers his solution to the fiscal cliff debate and how to prevent higher taxes on dividend income that may impede on the growth of the U.S. economy. “They need to put a deal together that raises revenue while maintaining adequate demand so the economy continues to heal and generates confidence that we have the discipline to adhere to the plan,” he says.
Definitions of global leadership should not be limited to position or authorityEconomic Times
, Dec 15, 2012
Professor Allan Bird along with Sebastian Reiche, Mark E Mendenhall, and Joyce S Osland, define global leadership and identify the requirements for “developing a global framework” for business in their publication of Defining the 'Global' in Global Leadership. According to the authors, there are three dimensions, ‘contextual, relational and spatial-temporal,’ to identify a global leader. Context is most crucial for leaders to overcome certain global business challenges, and research shows that domestic leaders are less influenced by context than their global counterparts. The authors also note that “Global leadership is also usually a team effort, one in which multiple leaders emerge.”
Executive Education That WorksT+D, Training and Development
, Dec 04, 2012
Ralph Miller, director of corporate information management for Harvard Pilgrim Health Care, and David Abdow, Associate Dean of Executive Programs, discuss Northeastern University’s D’Amore-McKim School of Business’s executive education program that was created in partnership with Harvard Pilgrim Healthcare. Hard Pilgrim identified the need to establish this program because it recognized “a need to strengthen its business intelligence and analytic capabilities to enhance its competitive position and address market forces affecting its business.” The concepts introduced in the program involve quality of care, performance measurement, and analytics. By partnering with reputable Northeastern University, Harvard Pilgrim is hoping to “create an effective and valuable executive education program with the potential to serve as a model for any organization facing similar challenges.”
Professor Nicole Boyson's research aims to investigate the prevalence of liquidity stocks and fire sales among hedge fundsaiCIO
, Dec 04, 2012
While you may have thought that that hedge funds were of the many financial institutes that were subject to the fallout of the subprime crisis, evidence suggests that this is not true. Professor Nicole Boyson's research states, While many of the stylized facts suggest that the financial crisis was exacerbated by forced sales of stocks by hedge funds, our analysis suggests otherwise." But then why were hedge funds selling all that stock at a rapid pace during the calamity? "Controlling for a variety of fund characteristics, we find that during crisis funds with high outflows sell significantly more stock an funds with high inflows, consistent with liquidity shocks imposing selling pressure. However, on average, funds with outflows use nearly all their proceeds from tock sales to buy additional stock, inconsistent with forced sales," Boyson's paper concludes. The research suggests that there are no signs of forced sales or significant price drop, both of which more likely to indicate a fire sale.
New business dean for Northeastern discusses first semester, future plansOnline MBA
, Dec 03, 2012
Dean Hugh Courtney has been at the D'Amore-McKim School of Business since July 1, and the pace is rapid. "It's hard to imagine it being much better. It's not just the naming gift - but I'm coming at a time when the school is at an upward trajectory," says Courtney. Now is the time to review, Dean Courtney says to Online MBA, and talks about the school's priorities, including bolstering the online MBA Program, saying "You have to be great [at online courses]. It's a very competitive space and it's becoming a crowded space. The second priority, Courtney tells Online MBA, is a focus on growing the strategies around D'Amore-McKim School of Business usage of residencies. The school currently has business programs that encourage a hybrid model combining online and on-the-ground learning, and Courtney sees residencies as helping to create 'the optimal option...the mix of both." These and all initiatives by Courtney seem to be fueled by one statement - "One of my jobs as dean is to keep moving us forward."
Unemployment makes American Dream a nightmareThe Patriot Ledger
, Dec 01, 2012
America, and its problems, make it hard to loveThe Patriot Ledger
, Nov 24, 2012
Forget the "fiscal cliff," the United States already has problems. American society is still wrestling with an ever expanding class divide, sluggish if not atrophied economic growth, and the continuous search for jobs where there are none. However, the fiscal cliff looms closer and its dark cloud overshadows and makes worse current problems. Professor Joseph Giglio calls for a "broad, bipartisan plan" to head off the fiscal cliff's year end deadline which entails "expiration of the Bush-era tax cuts - including current lower tax cuts on capital gains, dividends, income and estates - and of stimulus measures, such as the payroll tax cut and extended unemployment benefits." All Americans will suffer in someway economically without a plan of action on behalf of Congress and the President. "One thing is certain: even though a majority of Americans want their benefits left untouched, they will have to endure cuts in popular expenditures like defense and entitlement programs," says Giglio. In a back to basics way, if the fiscal cliff is not handled properly, the Giglio suspects the schism among Americans to continue, and "the United States will remain a tough country to love."
Full-time MBA program ranked #51 by Bloomberg Businessweek in 2012
Nov 15, 2012
Northeastern's full-time MBA program has been ranked #51 in the 2012 Bloomberg Businessweek report. The program has moved up five places since the last report published in 2010. Employer surveys have moved us from #57 to #48 nationally, reflecting well upon our strong integration of corporate partnerships and experiential education strategy.
Trickle-Up InnovationWired UK Edition
, Nov 2012
In this Wired byline, Professor Ravi Ramamurti, director of the Center of Emerging Markets, discusses tables turning on the typical industry standard. He says, "the poor have begun teaching the rich how to make products and services significantly cheaper and better." These products are not only more economical but more intuitive, solve complex problems in an easier way. Big industries are starting to catch on as globally, economies are starting to become more aware of debt and more careful with their paychecks. Quality at low cost is coming out of the poorest of countries, and the wealthy companies are starting to catch on to the emerging market ingenuity.
MBA program ranked #51 in the U.S.Bloomberg Businessweek
, Nov 2012
D'Amore-McKim School of Business MBA program is ranked #51 in the U.S. according to Bloomberg Businessweek. Read the full ranking profile here.
How Much or How Little Presidents Affect Your Wallets, Credit CardsCredit Score Select
, Oct 30, 2012
The term “fiscal cliff” refers to the fiscal policy decision the U.S. government will have to face at the end of 2012, the same time the Budget Control Act of 2011 is scheduled to go into effect if Congress cannot agree on an alternate plan to reduce the growing deficit. “While Obama and Romney clearly have different philosophies on how to address our domestic economy ills, the reality is that they will have to gain approval for their programs in Congress,” said Jeffrey Born, professor and faculty director at the D’Amore-McKim School of Business at Northeastern University. “The polling data I’m seeing suggests that the new Congress will look an awful lot like the current Congress.” The economic effect of December’s expiration date will influence consumers the most because of the increase in taxes. Experts predict that the country will face a new recession if the government decides to jump off the fiscal cliff by increasing taxes and cutting government spending by $500 billion. Born concludes that any future recession would likely stall forward movement in the housing market and further burden those already behind.
Political chasm between rich and working classThe Patriot Ledger
, Oct 20, 2012
Is the United States economy becoming that of an economic third world country? Joseph Giglio, professor of strategic management at D'Amore-McKim School of Business, a likens the ever growing gap in share of economic wealth to this model. The wealthy are occupying a very small percentage of the population, while the middle and lower classes are more and more blending together. "The presidential debates should focus on this subject, but both candidates are too busy shoring up their bases and trying to ingratiate themselves to the precious undecided voters ... These gladiatorial contests ignore rising inequality and the erosion of the middle class, ambiguously defined as households making an average annual income ranging from $30,000 to $90,000," says Giglio. He concludes that without 'more equitable distribution of wealth', economic recovery is more or less intangible.
Professor Robert Young named Reviewer of the Year 2012 for Case Section of Marketing Education Review
Oct 17, 2012
Robert Young, Professor of Marketing at D'Amore-McKim School of Business, has been named Reviewer of the Year by Marketing Education Review for the Case Section Editorial Review Board. Professor Young is one of 16 national professors that sit on the Case Section.
CASE competition team comes in #1 at recent competition
Oct 12, 2012
Professor Ray Kinnunen took his CASE competition team to The Wharton School (University of Pennsylvania) in Philadelphia on Friday, 10/12, where they won first place. This achievement continues the winning tradition that Kinnunen started with the Beanpot Case Competition in the late 90s. The D'Amore-McKim School of Business team had been invited to compete in the 2012 Wharton Undergraduate Case Competition. Competing teams were from the University of Pennsylvania, Yale University, University of Toronto, McGill University, University of North Carolina, Duke University, Rutgers University, New York University, and Northeastern University. The four teams competing in the final round were Northeastern, University of Toronto, University of Pennsylvania, and New York University. Congratulations to our students and Professor Kinnunen for this achievement.
Yang Lee receives the 2012 Academic Achievement Award, the 2012 Data Management Hall of Famer, from Data Management Association International (DAMAI)Data Management Association International (DAMAI)
, Sept 2012
Yang Lee is the recipient of the prestigious 2012 Academic Achievement Award, the 2012 Data Management Hall of Famer, from the Data Management Association International (DAMAI), for her theoretical contribution and work as a thought leader in the field of Data Quality. The DAMAI, a global network for those who practice, study, and teach data management, selected Yang for this honor based on her significant contribution to the field.
The Right IdeaMSNBC
, Sept 23, 2012
MSNBC highlights IDEA: Northeastern's student-run venture accelerator in this video clip. View the full video here.
Goodbye to summer, hello to career advancementStar-Ledger NJ
, Sept 09, 2012
It's time to create a career advancement plan, suggests Lynne Sarikas, MBA Career Center executive director at Northeastern University. With summer being over, the new school year can often feel like New Year's Day - a turning point and fresh outlook, whether you are employed, unemployed and looking, or returning to school. September marks a fresh start. Sarikas advises, "You need to define your goals and develop a specific plan to achieve them. You can’t get there if you don’t know where you are going." Start with a piece of paper, says Sarikas, "Document your plan and measure your progress against it. Set weekly goals and hold yourself accountable. (Then) reward yourself by doing something you enjoy once you’ve accomplished your goals for the week." With the air changing and the leaves turning, it may be the perfect time for you to turn your career direction in a new trajectory.
Step Into the Office-Less CompanyThe Wall Street Journal
, Sept 04, 2012
Pick up the phone, chat with your colleague via blog, or an occasional flight - you're office is gone. Companies are finding the best of the best, whether they are in the U.S. or Turkey, down the street, or a million miles away. This new office-less life can be a major adjustment to the individual. Jay Mulki, professor of Marketing and Renfro Fellow, College of Business Administration, Northeastern University, says that it is hard for some employees to separate work from home life, and in his studies came across a telecomuter who drove his car around the block every morning to simulate a commute before going to work in his own home. Employers need to be more attentive in this kind of situation because it is harder to check in on their employees to get a baseline of understanding of the job, motivation, and business community effort.
Consider a national pension systemThe Patriot Ledger
, Sept 01, 2012
It may be hard to consider contributing to your pension with the stock market in such havoc. Many would rather see that investment in cash up front, instead of wondering and worrying if the contribution is going to grow or decline from the initial value. Joseph Giglio, strategic management professor at Northeastern's College of Business Administration, surmises, "With respect to retirement, middle-class employees face two disagreeable options: Work until you drop or accept forced retirement (from layoff or illness) and be prepared to survive on the lower living standards that employer pensions and Social Security provide." While Giglio urges seniors to go out and vote to increase benefits of Medicare and Social Security, he also projects that "Maybe it is time to create a national pension system that replaces all existing retirement plans and provides everyone with a defined benefit pension, which should be indexed to inflation. It should be fully funded by an initial debt issue and sufficient payments from working taxpayers." While Giglio does point out that this may be misconstrued as an act towards Socialistic ventures, he concludes that, ""Separating employee pensions from the bottom-line pressures employers face by creating a national pension system can restore the fading promise of a comfortable retirement to millions of Americans. At the same time, money paid into the system can be invested to rebuild our country for future generations."
Free trade: Bad for Us, Good for ThemThe Providence Journal
, Aug 24, 2012
Free trade has made the country less competitive internationally and has noticeably reduced the number of jobs available for Americans due to outsourcing. Joseph Giglio, professor at Northeastern University's College of Business Administration, suggests that we adopt a national strategy that “can make the American economy grow fast enough to produce decent jobs for every member of the American family who wants to work.” Giglio continues, We must begin to invest in our “broken-down infrastructure so it can generate economic growth instead of hamstringing it. We could start educating our children so that they become world leaders in something besides sports.” Then, he adds, “We just might become internationally competitive again, and restore our economy to full employment while we’re at it.”
Are you too essential at your job?The Work Buzz
, Aug 24, 2012
Many people become so good at their job that they find themselves to be no longer growing professionally. These types of people are known as ‘essential employees’ because they are very specialized in what they do and, often times, are indispensible. Lynne Sarikas, executive director of the MBA Career Center at Northeastern University, suggests that if an essential employee is unhappy with his or her job responsibilities, s/he should approach their boss with the issue. Sometimes it’s a good idea to ask your boss for projects outside of your work scope. However, Sarikas advises, “If your manager is not open to this, remind him that if you were to give your notice tomorrow, they would have to find a solution in the next two weeks. You would prefer to stay with the company and are willing to offer a longer transition period. Don’t threaten; let them know you want to stay, but tactfully point out the reality.”
Professor Marius Solomon has been elected a Fellow of the Institute for Operations Research and the Management Sciences (INFORMS).Institute for Operations Research and the Management Sciences
, Aug 2012
Marius Solomon, Professor and Group Coordinator for Supply Chain and INformation Management at Northeastern's College of Business Administration has been elected a Fellow of the Institute for Operations Research and the Management Sciences (INFORMS), 2012.
When Management Was About MakingProvidence Journal
, July 22, 2012
In 1940, business and government worked together to confront a major crisis, which more than a little applicable today, writes Professor Joseph Giglio. In reviewing the publication “Freedom’s Forge: How American Business Produced Victory in World War II,” by Arthur Herman (Random House, 413 pages, $28), Professor Giglio draws parallels with our current economic crisis and the lessons we could learn from those early mobilization efforts. “Both government and business leaders also knew that out-producing the Axis and maximizing profits would be a long struggle. They looked far beyond the next quarterly earnings report to craft a strategy that was a win for business leaders, government and the American people.”
Rae André is winner of the Fritz J. Roethlisberger Memorial Award for the best article in 2011 Journal of Manament Education.Journal of Management Education
, July 21, 2012
Rae André has been awarded the Fritz J. Roethlisberger Memorial Award for the best article in 2011 Journal of Manament Education.
First 6 start-ups nurtured by Northeastern take flightThe Boston Globe
, July 16, 2012
Awarding more than $160,000 in venture funding, IDEA, Northeastern's venture accelerator, sends off this year its inaugural six to graduation. “We see this as a huge experiential learning lab,” said Dan Gregory, a Northeastern business school professor and Idea’s faculty adviser. “We want to build great ventures, but we really want to build great entrepreneurs.” IDEA is a student run group and has nurtured up to 80 start-ups, and continues to grow.
Career advice for people who prefer texting over talkingMSN Career Builder
, July 12, 2012
Text text text. Do you find it hard to write an email without trying to shorten a word, a la text-speak? Do you write one word answers in response to your friends, or even professors, questions? Are you currently looking for a job? While the trasition from on-the-go texting to formal writing might be a tough habit to break, MBA Career Center Director Lynne Sarikas, of Northeastern University, offers advice. A good place to start is taking a business etiquette class and talking to potential employers about communication styles, she says. "Employers still highly value communications skills -- both oral and written -- and expect students to perform in that environment," Sarikas says. "One of the critical aspects in addressing the gap is to manage expectations. It would be wrong to chide students for inappropriate behavior if they are never told what constitutes appropriate behavior." Sometimes it may be in your best interest to speak up and ask before it's too late.
Questionable Social Security math denies income to seniors who have few optionsThe Patriot Ledger
, July 07, 2012
Do you know what the Consumer Price Index is? Do you know how it may effect you? The Consumer Price Index (CPI) 'is the benchmark measure of inflation caluclated monthly by the U.S. Department of Labor's Bureau of Labor Statistics", according to Joseph Giglio, professor of general management at Northeastern University's College of Business Administration. If this number is not caluclated correctly, it could effect your social security. Giglio observes that the way CPI is caluclated right now does not account for future inflation costs, and therefore the cost of living is not effectively evaluated. As a result, adjustments are not made for seniors, and Social Security benefits are less than they should be. Giglio argues that "Perhaps it is time to correct the CPI calculation to give our Social Security recipients what they need for essential items such as food, shelter, clothing, transportation, and medical care."
Kim Eddleston: Accepted Conference Proposal, Family Enterprise Research ConferenceFamily Enterprise Research Conference
, July 2012
Kim Eddleston has received notice of her Accepted Conference Proposal paper entitled "Family Influence and Performance of Family Firms from Emerging Markets: Agency Theory vs. Institution-Based View" by the Family Enterprise Research Conference, to be held in 2014.
Elista Banalieva is the IFERA 2012 winner of the Jeffrey Rothstein Best Paper Award for the Most Creative Paper with an Emerging ScholarInternational Family Enterprise Research Association
, July 2012
Elitsa Banalieva is the 2012 winner of the Jeffrey Rothstein Best Paper Award for the Most Creative Paper with an Emerging Scholar at the International Family Enterprise Research Association (IFERA) Annual World Family Business Research Conference. This award is sponsored by the Family Firm Institute and Hubler Family Business Associates.
Elista Banalieva is 2012 winner of the Haynes Prize for the Most Promising Scholar Under the Age of 40Academy of International Business
, July 2012
Elitsa Banalieva is awarded the 2012 Haynes Prize for the Most Promising Scholar Under the Age of 40 from the Academy of International Business, in Washington, D.C.
Elista Banalieva is the 2012 winner of the Best Paper Award in the Emerging Economies Track of the Academy of International BusinessAcademy of International Business
, July 2012
Elitsa Banalieva is the 2012 winner of the Best Paper Award in the Emerging Economies Track of the Academy of International Business (AIB), for her paper titiled "Making the Most of the second Best: Synchronization of Reform Rhythms, Slack, and Performance of Transition Economy Firms."
Ravi Ramamurti received first prize for Best Paper publish in 2011 on Innovation Management at the European Business School's international competitionGlobal Strategy Journal
, June 2012
Ravi Ramamurti received first prize for Best Paper publish in 2011 on Innovation Management at the European Business School's international competition. His paper is titled "Reverse innovation, emerging markets, and global strategy."
Gloria Barczak named new Editor in Chief of the Journal of Product Innovation Management
Effective January 1, 2013, Marketing Professor Gloria Barczak has been named Editor in Chief of the Journal of Product Innovation Management. From PDMA: "Due to her experience on the JPIM editorial board, her familiarity with JPIM and PDMA, and her research track record solidly in the innovation literature stream, she simply is the best person to lead the journal through the next years of publication as the innovation stream continues to broaden and scope and increase in popularity."
Trying to keep that ol'monster greed under controlThe Providence Journal
, June 27, 2012
Is greed to blame for the economic crisis? Professor Joseph Giglio explores the possibilities. It certainly seems like it, Giglio demonstrates with mentions of former Liberty Mutual CEO Ted Kennedy's $50 million a year salary. However, Giglio points out that with greed being so prominent in human nature, it's hard to pinpoint it for the blame of a particular financial time in history. If it were to blame, wouldn't there be a perpetual state of financial decline? Giglio cites Atlas Shrugged and, and says, "there's a more compelling defense of greed...when entrepreneur John Galt insists that greed is the only thing we can really depend on to move society forward." Giglio reminds us that human nature and society will never lack of greed. But that it is something we need to continually recognize and try to keep at bay.
Nokia has the right idea in China, but will that matter?IT World.com: Tech Business Today
, June 21, 2012
Did you even remember that Nokia made phones? With iPhone and Android continually fighting for the U.S.'s mobile device attention, it's hard to remember that there are any other cellular phone manufacturer’s out there. But in China, it is another story. For perhaps a brief span in time, Nokia, and more specifically, their Lumina handset model, is leading out the competition. Fareena Sultan, professor of marketing in Northeastern University's College of Business Administration, reminds us that the Lumina has a 15% advantage to the iPhone. She explains her reasoning behind this strong lead: "One reason for its market share superiority could be that Microsoft is working with China Mobile, which as 70 percent of the subscriber base in China. Apple's iPhone, it should be pointed out, does not work with China's own 3G system, but China Mobile is interested in continuing to talk with Apple to work on compatible networks. Nokia will likely need to make huge strides in a very short time to stay in the lead over iPhone.
Harness Your Anger's EnergyInvestors.com
, June 20, 2012
It can be very easy to reach a boiling point at work. Public outbursts anywhere are not likely viewed with kind eyes, but in the work place, the cast of attention is usually even more infamous. Reconsider your anger and finding ways to keep it under control is almost always most productive. "Many of us have witnessed managers who have quick tempers, says MBA Career Center Director Lynne Sarikas. "They yell a lot and basically make people afraid of them, and those who work with them are constantly on edge. This type of anger is not productive. It certainly can be career-limiting for the manager longer term, and it often results in significant staff turnover in the shorter term." For any position you are in, it may be wise to take a deep breath and react calmly, before your anger gets the best of you, your staff and colleagues, and everyone's energy.
American Airlines-US Airways Merger: Who Wins, Who Loses?IBTraveler
, June 15, 2012
If US Airways succeeds at merging with AMR Corporation, the labor unions win and the passengers lose, according to IBTraveler. Harlan Platt, airline expert and professor at Northeastern University's College of Business says, "What the airlines are trying to do is to create a monopoly, For consumers, it's a disaster." It means less flights and more cost. Platt continues that "a merger would be bad for cities because certain cities would probably lose some, if not all, of their air coverage." This explains why shorter distance flights can be more expensive than others, as cities are "abandoned," according to Platt. This merger means fewer competitors, and better options for labor unions; however, Platt suggests that overall, this potential merger will likely not be a good thing. "The union workers might in fact be better off with a merger, but it would come on the shoulders of the consumers," Platt said. "Not a really good idea in an election year, at a time when consumer wealth has fallen by 40 percent on average, the unemployment rate is above 8 percent and real wages are falling."
Invisible Hand, Greased PalmThe New Yorker
, June 14, 2012
Believe it or not, it has been relatively hard to do business abroad without a bribe or two getting you to the top. But as of 1997, things got a lot tougher, and the U.S. led the way. At that time the Organisation for Economic Co-operation and Development (OECD), cracked down on international bribes, and Alavro Cuervo-Cazurra, Professor at College of Business Administration, reports to The New Yorker, that there has been traction. Since 1997, businesses have cut investments in countries that prefer a bribe to the rule, and this has caused emerging markets to start abiding by the OECD law, so that they may become a bigger player in the world's economy.
Joseph Raelin is the winner of the 2012 ASEE Annual Conference & Exposition Best Paper AwardASEE
, June 2012
Joseph Raelin is the winner of the 2012 ASEE Annual Conference & Exposition Best Paper Award (Best PIC V and Best Overall Paper), for his paper titled, "The Effect of Cooperative Education on the Self-Efficacy of Students in Undergraduate Engineering."
Faith in China Remains in Hearts of Copper BullsCopper Investing News
, June 13, 2012
How A Tiny Chicago Suburb Sells Amazon And eBay To RussiaFast Company
, June 12, 2012
For the moment, Skokie, Illinois is a lifeline for American product starved Russia. BayRu, as the name suggests, is the middleman between eBay and Amazon to Russia; they repackage goods and make sure they get to Russia in one piece. However, as demand increases, Amazon and eBay may too. Sheila Puffer, professor of international business, and Daniel McCarthy, professor of entrepreneurship and innovation, who specialize in Russian markets, say, “A question might be what happens to BayRu when and if companies like Amazon and eBay expand to Russia, which they would seem likely to do over time." Puffer and McCarthy also point out that the smaller, direct competition to BayRu, is increasing in companies such as Wikimart.ru and Ozon.ru, housed locally in Russia. While BayRu is positive that their line on diverse products is what makes their business model work, Professors Puffer and McCarthy warn that BayRu should consider being "well-financed to realize their growth potential."
How to Optimize for Big Job Application Systemsflexjobs
, June 07, 2012
There's no such thing as a "dusty resume" anymore, as everyone is keeping theirs sparkling clean and at the ready. And it's hard to avoid an online job application system either, but there are a few ways that you might be able to optimize your chances. For instance, Lynne Sarikas, MBA Career Center Director for Northeastern University, suggests, “When a position does appear online, reach out to your networking contact at that company. Let them know you applied online and ask them if they would forward your resume and cover letter to the hiring manager.” Sarikas also recommends that more is more - apply directly to your contact, and also online. “Many companies don’t allow managers to talk to candidates who are not in the system. Keep your contact posted on your progress through the system and be sure to say thank you," says Sarikas. Other tips for making the best of your online application are being one of the first to apply - as soon as you see a job that fits posted, get out that sparkling clean resume and send it off! And, fill out every box you are reasonably able to in the application form, format your resume so that it is easily read by a computer, and know your odds for the title you are applying by doing some market research.
Kimberly Eddleston and Elista Banalieva are the 2012 winners of the Jeffrey Rothstein Best Paper Award for the Most Creative PaperInternational Family Enterprise Research Association
, June 2012
Kimberly Eddleston and Elista Banalieva are the 2012 winners of the Jeffrey Rothstein Best Paper Award for the Most Creative Paper with an Emerging Scholar at the International Family Enterprise Research Association (IFERA) Annual World Family Business Research Conference. This award is sponsored by the Family Firm Institute and Hubler Family Business Associates.
A Strategic Workforce Planning Officer?Human Resources Executive Online
, June 05, 2012
The role of a Strategic Workforce Planning Officer is becoming more and more important to businesses today. Lynne Sarikas, MBA Career Services' Director, reports to Human Resources Executive Online, that this position will likely be added to the HR team. "An experienced HR person with a passion for the strategic planning and a willingness to work through a very detailed planning process could succeed in this role with the support of the executive team," she says. It may be just the right time for this organizational role to return. "The challenge comes in trying to identify future needs," she says. "The company can't succeed by maintaining status quo." Sarikas says that while this role has existed before, there is more of an urgency to fill it as organizations are shedding staff, retirement is eminent for much of the workforce population, and that strategic planning may have been neglected as the recession called for layoffs and restructuring.
How we see ourselves: Experts say it’s time to reflect on R.I.’s strengths instead of its flawsThe Providence Journal
, May 30, 2012
An analogy: When you have more money in your pocket, you tend to feel a little bit more at ease. Things tend to be good all-around when your personal finances are in order. But when you have less money in your pocket, your car breaks, or you forget to pay a bill. Things get a little rough around the edges. This analogy seems to portray the state of Rhode Island. The economy is down in the nation, and it seems to be hitting Rhode Island harder than others. As a result, everything is getting a little bit worse for wear, and it is easier to point out the flaws of other things - schools, roads, jobs, it all goes hand in hand. Northeastern University economist and finance professor Harlan Platt says, “It is difficult to separate the impact of the state’s image on its economy from the impact of the economy on the state’s image. Economists refer to this as simultaneity. States with strong economies today, like Texas, see an improvement in their image; meanwhile, states with good images, like Oregon, attract new businesses and thereby increase their economy. The conflux of image and economic prosperity is like a snowball rolling downhill. First you see one side, then you see the other: a good image improves the economy, a good economy improves the image.” It could be that the best way to take back both the image and the economy of Rhode Island is for the state to look upon itself with favorable eyes, re-assess what its advantages are, and promote them to the fullest. Good things will likely follow if it can re-imagine itself.
Gary Young appointed by Secretary of the Treasury to the IRS's Advisory Committee on Tax Exempt and Government Entities (ACT)IRS News Release
, May 24, 2012
Gary Young, Director, Northeastern University Center for Health Policy and Healthcare Research; Professor of Strategic Management and Healthcare Systems, has been appointed to the Internal Revenue Service's Advisory Committee on Tax Exempt and Government Entities (ACT). Young was named by the Secretary of the Treasury to serve the IRS in this role. According to the IRS, "The ACT includes external stakeholders and representatives who deal with employee retirement plans; tax-exempt organizations; tax-exempt bonds; and federal, state, local and Indian tribal governments. ACT members are appointed by the Secretary of the Treasury and generally serve two-year terms. They advise the IRS on operational policy and procedural improvements." Young is the only academic named to this committee, as other members come from law and tax professions.
The world's 'New Tigers' lie ready to pounceMarketWatch
, May 23, 2012
The economic crisis is bringing out the hook and clearing big players off the stage. What is interesting about this is that it is allowing the understudies to shine. For instance, Ravi Ramamurti, director of the Center for Emerging Markets, says, “[Turkey] has a great location, next to affluent Europe and a booming Middle East.” Ramamurti says that as a result, the nation has become “the region’s workshop,” due to "a large workforce and competitive wages," according to Market Watch of The Wall Street Journal. Other countries experiencing economic limelight are Peru and Colombia in Latin America, Indonesia and the Philippines, bolstered by their large populations, and countries in Africa are slowly and strongly emerging.
Possibilities to Becoming Richer a Year From NowThe Franklin Prosperity Report
, Apr 2012
We all want to be richer, right? The Franklin Prosperity Report says, "It's about changing habits for good." In it's article, the Report gives 'Daily Living Ideas' for making those changes. Nicole Boyson, Professor of Finance at Northeastern University's College of Business Administration, suggests that adjusting your stock allocations in an investment fund plan downward each year may protect against market issues as you near retirement, reducing your risk over time. "If you save this way, you are in great shape not only in a year but also years down the line," she says. Coleen Pantalone, dean of undergraduate business at CBA, suggests in the Report that "The real solution [to lowering debt], don't carry credit [cards]." Pantalone says that lower interest credit cards do not really solve the problem of spending. The Franklin Prosperity Report also suggests looking into where your spending your money, budgeting, find tricks to saving - even a piggy bank for adults, and maximize your tax-free and tax-advantage savings plans like 401(k) and IRA options.
Jay Mulki is chosen as an Outstanding Paper Award Winner at the Literati Network Awards for Excellence 2012
Jay Mulki is chosen as an Outstanding Paper Award Winner at the Literati Network Awards for Excellence 2012. “Ethical reputation and value received: Customer perceptions,” published in International Journal of Bank Marketing. The award winning papers are chosen following consultation amongst the journal’s Editorial Team, who agreed that this was one of the most impressive pieces of work they saw in 2011.
MBTA financial plan is Band-Aid, not a solutionPatriot Ledger
, Apr 28, 2012
It seems that every transportation system in Massachusetts is having a 'financial meltdown,' comments Joseph Giglio, transportation expert and professor at Northeastern University's College of Business Administration. The most recent, and ever present, is the MBTA. Giglio says that when we 'clamor...to build more roads and transit lines...we too often budget based only on the cost of construction, without taking operating and maintenance costs into account." Giglio continues that appropriate revenue needs to be made in order to effectively run, maintain, and grow the transportation system, and that the price - whether fare or tolls, needs to be based on value to the customer. He concludes with the advice that, "Perhaps by then voters will see that a rational pricing system is far less painful than dealing with the fallout from massive debt and maintenance backlogs." Until then, it may be more hearings and price hikes debates that continue, without ever a real solution.
Taxpayers May Accept Some Social Security ReformsAccounting Today
, Apr 25, 2012
A new study published by CBA's Professors and co-authors, James J. Maroney, Cynthia M. Jackson, Timothy J. Rupert, and Yue (May) Zhang, all of Northeastern University, suggests that where people are worried about social security, they are more willing to accept the burden of reform. However, “Prior to reaching that very high level of concern, the data...indicate there is no change in [people's] willingness to accept a larger share of the burden," the study says. Professor Timothy Rupert continues, "The crux of our study is that people could very well respond to a clear and forthright presentation of this problem much as they have responded in the past to such national crises as wars or natural disasters." For the study, 159 graduate and undergraduate accounting students were randomly chosen for one of three groups were asked "to study taxpayers' opinions about the Social Security system and taxpayers' attitudes about potential changes to the Social Security system," according to the report.
Giving Shareholders a VoiceNew York Times: Deal B%k
, Apr 19, 2012
Finance and Insurance Professor Olubunmi Faleye's research backs findings that "Investors' support for annual elections is consistent with a significant body of impirical evidence," reports the New York Times. 'Staggered' or 'classified' boards are often used to sheild investors from the inner workings of the board of publically traded firms, the New York Times suggests. They continue that using shareholder proposals, some are successfully moving away from this model, giving more direct influence to individual share owners.
Professor Joseph Raelin and his co-authors receive Ralph W. Tyler AwardCEIA Annual Conference, Chicago
, Apr 17, 2012
Joseph Raelin, along with his six co-authors including Rachelle Reisberg, Director of the Women in Engineering Program at Northeastern, are recipients of the Ralph W. Tyler Award for Outstanding and Distinguished Research and Publication in the Field of Cooperative Education, Internships, and Work-Integrated Learning, for the article, “The Effect of Cooperative Education on Change in Self-Efficacy among Undergraduate Students: Introducing Work Self-Efficacy” (Jr. of Cooperative Education and Internships) was presented at the CEIA Annual Conference, Chicago, April 17, 2012.
The Problem with Digital DesignMIT Sloan Management Review
, Apr 17, 2012
Digital design cannot stand alone, suggest CBA Professors Tucker Marion and Marc H. Meyer. Powerful design tools need to be continually paired with a strong manamement process, especially as engineering teams become more virtual. Marion, Meyer's research cite two potential problems with skimping on management when using digital design to accomplish a project: "First, because the technology makes the work look complete at every step in the process, it can create a false sense of security." Even though a product design may look complete, the research says, many times front end user testing and accessing user needs is rushed or skipped. Marion and Meyer continue that, "Second, the very ease with which designs can be digitally drafted and prototyped might afford engineers the opportunity to “try it again and then, again and again.” They interpret this to mean that the idea process and numberof ideas that can be accomplished become too many. Revisions can go on and on, and eat up valuable time and money. The researchers encourage that strong manangement can successfully move a product along in a digital age, and may also learn where to act and where not to rush to cause more efficiency in design and productivity.
Postal staffers fear what future will deliverBoston.com
, Apr 17, 2012
The term 'Snail mail' applies more and more to the US Postal Service over the last six years. Professor Harlan Platt says that with the failure to respond to big delivery competition such as FedEx Corp. and UPS, and the onset of the internet, that the USPS is in trouble. “When any other business has shrinkage of 25 percent in five or six years, and can probably forecast another 25 percent decline in the next decade, if not more, it obviously has too much of everything,’’ he said. While the Postal Service thinks it can carry on, Platt says, "The way you deal with [decline and shrinkage] is by downsizing. In the long run, the business goes away.’’
Dennis Shaughnessy voted 2012 Best Teacher Award, inducted into CBA Hall of Fame. Professors Bame-Aldred, Clark, Hertenstein recognized.College of Business Administration
, Apr 11, 2012
As part of the College of Business Administration Awards ceremony, Best Teacher Certificates were provided to our four finalists for the 2011 CBA Best Teacher Award: Charlie Bame-Aldred (Accounting), Bruce Clark (Marketing), Julie Hertenstein (Accounting), and Dennis Shaughnessy (Entrepreneurship & Innovation).
Dennis Shaughnessy won the 2012 CBA Best Teacher Award. With this award, Dennis is now inducted into the CBA Hall of Fame, joining other luminary faculty: Michael Cottrill, Joe Giglio and Tim Rupert. Please join me in congratulating Dennis on this well-deserved honor. Chuck Ioven, Senior Financial Analyst for GE Aviation’s Military Systems Operation and MBA 1992, represented GE in presenting Dennis with a check to support his teaching and research.
The CBA Best Teacher Award is given to the faculty member(s), selected by graduating students, who had the greatest impact on their educational experience - the one who has most inspired, motivated, and gone above and beyond to help. Student presenters each spoke of how Professors Bame-Aldred, Clark, Hertenstein and Shaughnessy have served as personal role models, professionally and with life issues. They commented on how these faculty were demanding, and maintained high standards, empowered student learning which changed student’s lives and career paths. Frequent comments were made on how this faculty worked hard to ensure students had ample learning opportunities. It was inspiring to hear the students speak about their personal experiences with each of these professors.
High Costs of TransportationMetrowest Daily
, Apr 08, 2012
Professor Joseph Giglio, transportation export in the College of Business at Northeastern University, says that the U.S. should leverage its track record for innovation in order to 'take control of our energy destiny and economic future.' While it's likely on everyone's mind that the high price of oil is causing greater concern on the family dollar, the cost of transportation for manufacturing is feeling the fuel squeeze too. Giglio writes, "Passing higher transportation costs on to customers in the form of higher prices may lead to reduced sales and therefore lower profits. Eating the cost hikes might keep sales up, but it will shrink profits." Another option in trying to make balance of transportation costs is laying off employees and/or reducing benefits or outsourcing more production. Oil and transportation, it seems, makes the economy go-round. Giglio asks that the U.S. take stock of its innovative roots and to move forward in finding 'economically feasible' methods to alternative energy. Finding a more efficient source of transportation of goods and services could make all the difference.
Are some coins too pricey to make?MSN Money
, Apr 05, 2012
Do you like pennies? Do you feel they add up, or allow you to save a few cents at the store? Jeffery Born, professor of finance at Northeastern University, tells MSN Money that he doesn't think eliminating pennies will cause companies to round their prices up. MSN Money reports that this is a consumer worry. While living in Fiji, Born found that when they stopped producing the penny, that prices essentially balanced out in favor of both the consumer and the company. "Bills and purchases ending in 1 or 2 were rounded down to zero, which meant the store lost a few cents. Prices ending in 3 or 4 were rounded up, and the store gained a few cents," Born says. Paper money is a lot cheaper to produce, and Born says that small coins are not common in other countries. "Life went on in Fiji. It goes on in lots of countries where the value of coins has become too small to bother with. It's hard to find coins less than 100 yen in Japan, and it was hard to find small lira coins in Italy before the euro." The term "save your pennies" might become more relevant as less and eventually none are produced in the US, to the point where they may be a rarity. Even now, a penny costs more to make than it is worth.
Apple's future depends on transparent supply chainfundweb UK
, Apr 02, 2012
Apple has been in the limelight lately for how its unbeatable profit margin leaves its manufacturers literally in the dust. According to fundweb and other sources, "Seven hundred miles away in Chengdu [China], another Foxconn factory produced combustible dust while manufacturing iPad2 cases." Ravi Ramamurti, professor of international business at CBA, says, “Foxconn is almost a partner to Apple, because it produces on a scale that smaller suppliers couldn’t achieve." Still, Ramamurti admits that China is hard to police for proper preventative safety standards. Apple, ultimately, will need to create a precident and proof that it is changing its ways with how it treats its labor. It's reputation with its customers, even those most loyal to Apple, may depend on reform. To add to the pressure, Ramamurti says, “workers [in China] are now more willing to protest, both because they feel they have more political rights and because they know they won’t get fired.”
Tunde Kovac receives Outstanding Finance Paper Award at the 2012 Eastern Finance Association meeting
Mar 27, 2012
Tunde Kovacs receives Outstanding Finance Paper Award at the 2012 Eastern Finance Association meeting. “Investor Recognition and Seasoned Equity Offers,” co-authored with Don Autore.
Audit rates of millionaires nearly doubleCNN Money
, Mar 23, 2012
If you are a millionaire, the chances of you getting audited on your 2011 taxes are nearly double than the previous year. The IRS released data last week that indicated a 12% jump, for those with income between $1M and $5 million. While the IRS is contributing part of the extra diligence to curb offshore tax evasion, politics are likely a factor as well, says Professor Timothy Gagnon, of Northeastern University's College of Business Administration. "There's so much controversy about Romney's low tax bracket and a lot more attention in the press about the millionaires being favored," Gagnon comments. "It seems like the IRS is trying to show that it's paying more attention to millionaires and that their chance of an audit is higher than the average person." In addition, Gagnon attributes the targeting of millionaires in additional audits is that they are more likely to allow the IRS to boost its own revenue. There are more funds to be had from a millionaires tax oversight than that of the lower or middle class.
For better or worse: FTAsGlobal Finance Magazine
, Mar 15, 2012
Foreign trade agreements (FTAs) are a strategy that not all partners of an industry are willing to use. And to their success. Brazil, for instance, has bucked the trends of the US, Colombia, Panama, Mexico and China. And for the record, Brazil is doing great, as the country reported a $29.79 billion trade surplus in 2011. "Brazil has done a nice job of cultivating trade relationships with foreign partners without formal trade agreements," says Christopher Robertson, professor of international business and strategy at the Northeastern University College of Business Administration. "Brazilian leaders have had many meetings with China, and there are some formal agreements in place and in process, yet the big outcome has been the introduction of Brazilian materials exporters to Chinese manufacturers. It seems as if Brazil has many agreements at the industry level, as opposed to the country level." The US is eager to do business with Brazil, and hope that the country may be more and more willing to enter an FTA agreement with them.
Imaging getting anywhere without a good credit score these days? While it may not have been a thing of the past (even 20 years ago, you wouldn't have had to worry), it's at the forefront of most everyone's financial lives today. Harlan Platt, finance professor at Northeastern University's College of Business Administration says, “Today, credit worthiness is determined almost entirely by computers based on credit scores. Unless you use all cash, there’s no way around it … You need a credit score—the higher, the better.” Learn what yours is and what it means, as it determines everything from the amount of a loan you can receive to the interest you will be paying, to even getting a new credit card in the first place. It's not about the money you have, it's about how you use it. There are many factors as to what makes up a good credit score, and often, factors change. It is generally good to continually check on your own credit and find out what could be effecting your results.
Bloomberg Businessweek ranked the Executive MBA program in the global top 50Bloomberg Businessweek
, Mar 13, 2012
US News ranked BSIB #13 in international programsUS News
, Mar 13, 2012
US News named the Full-time MBA #1 in Boston and #5 in the country for job placement within three months of graduation. (2012)US News & World Report
, Mar 13, 2012
CBA's full time MBA program ranks #56 in U.S. News & World Report 2013 Best Business Schools' RankingU.S. News & World Report
, Mar 13, 2012
Northeastern's College of Business Administration full time MBA program was ranked #56 nationally by U.S. News and World Report and Bloomberg Businessweek. The ranking is based on 441 MBA programs surveyed.
Send out those Thank-You's!U.S. News & World Report
, Mar 13, 2012
Just got done with a slew of interviews? Lynne Sarikas, MBA Career Center Director, says that sending one 'thank you' email to multiple interviewers is not likely to win you points. "Multiple interviewers in the same company will often compare notes, so be sure they are customized," she says. It is suggested that job hopefuls send an email, and then send a handwritten note, if you are going to do the latter. This will keep you fresh in the minds of all those you spoke to, and then reinforcement to your cause. "Few people write handwritten notes anymore - they are memorable," says Sarikas.
New route maps at New York-area airportsReuters
, Mar 12, 2012
Delta Air Lines and US Airways Group are making big changes in New York airports. They are adding and downsizing flights, which will change efficiency, cost, and convenience, for better and for worse. Professor Harlan Platt, of Northeastern's College of Business Administration, says, "The route swap between Delta and US Airways will add efficiency and economy to both carriers. This is especially true of Delta whose major investment at LaGuardia needs passengers if it is to make sense." However, Platt agrees that this could cause higher ticket cost pending which airline sees more success and dominance at any of the NY airports.
Transportation fiefdoms a roadblock to shared goalThe Patriot Ledger
, Mar 04, 2012
By cutting subway ('T') services and raising fees, the State's entire transportation system will be effected, advises Joseph Giglio, transportation expert and professor at Northeastern's College of Business Administration. All of roadways, transit and train services need to be considered in order to move customers and goods in the most efficient way possible. Gigilio suggests that moving all of these systems into one business model, with funding being shared appropriately to make best use of all transportation. To do this, Giglio says, the leaders of the Commonwealth will need to consider the 2009 MA Transportation Reform statute and factor in the MBTA fare hike as it works to achieve its objectives in savings and fluidity when it merging transportation agencies.
Why retail gasoline prices are nearing a recordMarket Watch
, Mar 02, 2012
It's hard to not notice that the price of gas is going up, and then up again! The average on national gas prices have been going up steadily since January of this year, Market Watch reports. And even though the demand for gas in the US has decreased, the cost reflects the demands of all countries using oil. Finance Professor Jeffery Born explains why gas prices and crude oil prices tend to concur in fluctuation, as companies use a "last in, first out method...which basically means that they use the most recent cost to compute costs of goods sold." Unless gas companies keep up with these rising prices, "they will experience a decline in profits and profit margins," Born says.
Will the Linsanity Last? Why the NBA, Knicks and Marketers Must Beware of Getting LuckyCommpr.biz
, Mar 01, 2012
Jeremy Lin is not just an overnight success in basketball, he is redefining the business market of the sport. Bruce Clark, Marketing Professor in Northeastern's College of Business Administration, explains the short and long-term effects of 'Linsanity'. Short term, Clark says this is a 'huge win for the Knicks and the NBA'. The chatter that's been created is great for the Knicks, and the league, as memories of last year's lockout linger. Being an Asian-American and ivy league grad, helps add to the interest and sensationalism of Lin. If Lin continues to prove himself for years to come, he just might be the key to the NBA expanding their global interest. Clark gives advice to marketing and communication folks: Use short term luck to set your marketing roots, so that a foundation is built before luck is no longer reliable. Expand awareness and distribution, and capitalize on a short term price premium. Learn how you can spread the wealth by identifying the characteristics of what makes an employee 'spectacular', and using those qualities to train your employees to take on these same practices. Can you make more spectacular employees by mimicking one? In conclusion, Clark warns not to invest everything into one product, but to take the desirable qualities and see how they can be applied to the brand as a whole. The luck of a sensation is a great way to kick off a campaign, but should not account for the longevity of the strategy. The star may fade, but with a strong base being forged, the good impression will likely not.
Scraping MyPlateSuperMarket News (SN)
, Feb 27, 2012
The Department of Agriculture overhauled it's Food Pyramid brand last summer and replaced it with a simplified 'MyPlate,' which shows their proscribed healthy balance of five food groups. And it's still tough to get the American public to adhere or get close to the guidelines. In addition, the super market business greatly affects the energy industry. While consumers are looking for natural and organic products, spending must go down, and green energy is fluxuating in stability. Professor Jeffery Born concludes, Some of these [solar, LED, clean air] technologies may not be proven yet, but there's a clearly understood need to try to change the way we use energy." Government investment seems necessary for supermarket and retail reform in eating habits and sales. "The return on that could end up covering all the losses in other areas," says Born.
Continuing Education - It's Game ChangingBoston Globe
, Feb 24, 2012
Did you think you were done with college after you earned your bachelors degree? Time to find a job and leave the books behind? A few years later, you might be reconsidering. Even at the CFO level, Dorothy Whalen, Board President of the National Association of Women MBAs, Boston Chapter, reports to the Boston Globe that going back to school to get her Executive MBA from Northeastern University's CBA was worth the time and effort. "No one can take away my education," says Whalen to the Globe. And while you may be thinking about the financial cost tied to professional studies, the long-term financial benefit often makes it worth it, says Evelyn Tate, Director of Graduate Recruitment & Admissions in the College of Business Administration at Northeastern. Continued skill development in your career has the potential to set you apart from your colleagues at your existing position or candidates for a new job, says Tate. Ultimately, it has the potential to keep you competitive and at the ready for positive change in your career.
Weighing What the T Should Do90.9 WBUR
, Feb 24, 2012
As venues are being changed to accommodate more people attending MBTA hearings, deep down you might be wondering what can really be done? Professor Joseph Giglio, of Northeastern's College of Business Administration, suggests planning for a strategy that integrates cross-subsidies. "With effective cross-subsidies in place, integrated network management can maximize the value the total transportation network delivers to customers. It’s how successful multi-market, multi-product enterprises operate," says Giglio. Financing a project includes not only money, but comprehensively how it is raised, managed, distributed and collected, Giglio reminds. And customer service is a part not to be forgotten either. "Enhanced customer convenience may well translate into additional revenue and improved operating efficiencies."
Martin Marietta presentation on Vulcan Materials is interesting, but backward-lookingAl.com
, Feb 22, 2012
While Martin Marietta Materials presents to investors that it has ample reason to take over Vulcan Materials, the debate on validity continues. Hostile take over expert and Finance Professor Don Margotta says: "There isn't anything which has much relevance to valuing Vulcan Materials as an acquisition candidate," Professor Margotta, of Northeastern's College of Business Administration continues, "The value of Vulcan Materials depends on, among other factors, the future free cash flows of the company and those can usually be best assessed by the board and its advisors." Martin Marietta began what is considered a hostile takeover in December of 2010. The two companies mine, crush, and sell rock to road contractors and sit at the top of the industry nationally.
Caught in troubled watersBoston Globe
, Feb 20, 2012
AquaBounty, of Waltham, MA, produces Atlantic salmon, starting in a lab. The company is not only waiting for FDA approval of their genitically modified food process and harvesting methods, but it is also started to make plans to cut operating costs and sell more shares. Generally, that is not a good sign, but also not uncommon. Professor David Sherman says of biotech start-ups that "Their financial statements often look the same." This seems especially true in the tenuous time waiting for federal approval, according to Sherman.
Professors Gloria Barczak, Marc Meyer, and Ed McDonough recognized as top innovation management scholars The Journal of Product InnovationThe Journal of Product Innovation
, Feb 2012
The three scholars recognized by the journal are leaders in the field of business strategy, innovation and entrepreneurship. Both Gloria Barczak and Edward McDonough’s research focuses on new product development. Marc Meyer is active in the areas of new product development and entrepreneurship.> Gloria Barczak is named #19, Marc Meyer, #20, and Edward McDonough, #20, among the world’s top innovation management scholars by the Journal of Product Innovation Management (2012).
Physical fitness can boost fiscal fitness, tooUSA Weekend
, Feb 15, 2012
Get healthy and save money! All those vices you have add up and take a toll. If you were to try changing just one habit into a healthy habit, your wallet would get healthy too. For instance, "bring your lunch in a bag rather than buy it," says Finance Professor Harlan Platt, of Northeastern's College of Business Administration. Not only can you save about $5 a day, but you can also control what you eat more easily, says Platt. This pairs well with eating foods in season which translates into healthier choices and also saves on cost. Quitting smoking, staying at a healthy weight, and reducing doctor's visits with health incentives, all have the potential to save you money too.
Staying in love with your jobMetro
, Feb 13, 2012
Just like a human relationship, you and your job will likely experience a 'honeymoon' phase, and then after a while, your job might just lose its charm. You spend a lot of time at your job, and like any other relationship, you have to work to make it work. "No one is in charge of your happiness but you," says MBA Career Center Director Lynne Sarikas, of Northeastern University. It can be important in any relationship you want to keep to think of ways to rekindle and add spark to your life and your cubicle.