Work Friends May Not Get Better Benefits, According to UCLA – LA News
As we fully unroll into the new year, we take a look at some of the biggest recent news coming out of Los Angeles.
UCLA Anderson Professor on Work Friendships’ Effects – UCLA Anderson News
Research by Eugene Caruso, Associate Professor of Management and Organizations at UCLA Anderson School of Management, recently received note in the online forum Quartz at Work.
Caruso, along with colleagues from the University of Chicago and Hebrew University, studied the consequences of friendships between managers and employees. Through a series of experiments, the team discovered that when a boss makes a decision, such as who gets a bonus, they are actually less likely to give it to a friend in order to appear impartial. This tendency remained much of the time even when the friend was the more highly deserving candidate for the bonus.
Notably, when managers had to make a decision on a bonus that would remain private, they were more likely to choose the deserving friend. Participants in the research were told that the friend had performed only slightly better than the other bonus candidate, and that the choices were to give the friend the merit-based bonus or to flip a coin to decide between the two. In the public decision scenario, the deserving friend received the bonus 27 percent of the time. When the deserving worker was the non-friend, participants granted the bonus over 60 percent of the time.
The research overall revealed that participants were more likely to approve of the merit-based bonuses. The study can serve as an important model for HR managers on the unintended outcomes of workplace relationships.
Read more about the team’s research here.
Mihaylo Professors on China Trade War and the SoCal Economy – Mihaylo News
Associate Professor of Economics Pedro Amaral and Lecturer Aaron Popp of Cal State Fullerton’s Mihaylo College of Business have examined the impact of the U.S. and China Trade War upon one of the most influential economies, that of Southern California. The region serves as a hub of trade with East Asia.
Cal State Fullerton professor Pedro Amaral
In the panel discussion last month sponsored by the CSUF Economic Association, Amaral and Popp presented their research.
“About 46 percent of total Chinese imports are being tariffed, but L.A. is serving a smaller percentage of those products [that are being tariffed]–41 percent. But any later round of tariffs will have a harder impact on the local economy,” Popp notes.
Reflecting upon the long history of the tension between the two world powers and the nature of China’s transition, Amaral says, “China has had an incomplete transition into capitalism, which the West still ponders about China …We used to think that once they got into free trade, they would become a freer society upon the embrace of the market economy. But they haven’t, which is something my liberal mind struggles with.”
You can read more on Popp and Amaral’s discussion here.
Graziadio Strategy Professor on Corporate Boards and Entrepreneurship – Graziadio News
Dr. Mark Tribbit, Pepperdine Graziadio Assistant Professor of Strategy, was honored recently for his scholarly research with the 2018 Emerald Literati Award. For the past 25 years, the award has acknowledged valuable contributions to scholarly research.
Tribbit’s research, “An Agency Perspective on the Board of Directors and Corporate Entrepreneurship,” examined the effect of takeovers upon internal entrepreneurship. The outcome of the research will help corporate boards to foster entrepreneurial efforts by staff.
Dr. Mark Tribbit, Pepperdine Graziadio Assistant Professor of Strategy / Photo via newsroom.pepperdine.edu
In addition to his professorship, Tribbit serves as the Academic Director of Graziadio’s full-time MBA program. Experienced in management for corporate, retail banking, and wholesale, Dr. Tribbit received his MBA from Villanova University, and his Ph.D. in strategic management from Drexel University.
You can read more about Dr. Tribbit’s award and his full article here.
Carey MBA Students Honored at Annual Student Recognition Reception
Each year, the Carey Business School honors stand-out students and organizations at the Annual Carey Student Recognition Reception. The ceremony is headlined by five major individual student awards: Mission in Action Award, Carey Networking Award, Carey Brand Ambassador Award, Carey Community Build Award and Carey Leadership Excellence Award. Continue reading…
Top Scholarships at Columbia Business School
Earning an MBA from Columbia Business School (CBS) is an incredible opportunity. It is no secret that CBS offers an enviable education, but it is also located in the heart of New York City, where MBA students will be surrounded by opportunities and industry giants. Of course, being in the fastest-paced, most populous city in the United States comes at a price. Literally. New York is listed as number one on Investopedia’s Top 10 Most Expensive Cities in the U.S. Luckily, CBS offers a wealth of scholarships to make grad school in the city more manageable.
Merit-Based Scholarships
Merit-based scholarships are an excellent option for motivated students with impressive undergraduate GPAs and work experience. Also, if students do not receive a fellowship in their first year, they will have another opportunity in their second year.
• Forté Foundation Scholarship: The Forté Foundation offers scholarships to outstanding women through their Forte Fellows program. The fellowship exists to encourage larger numbers of women to pursue an MBA education. There is no application information required from students at CBS, as nominees are selected by the school’s director of admissions. Forté Fellows receive multiple benefits, including participation in the MBA Women Leadership and Financial Services FAST Track Conferences. Students in the program are also included in the Forté Fellow resume book, which is distributed to Forté Sponsor companies like J.P. Morgan and IBM Global Business Services.
• Toigo Fellowship: CBS is one of the Robert Toigo Foundation’s featured MBA programs. The Toigo Foundation’s mission is to encourage diversity in finance, so this fellowship is available to under-represented groups. Driven minority students will be eligible for consideration. Fellows attend a weekend summer session to prepare them for business school. During this session, students are assigned mentors to guide them throughout school and their careers.
• Columbia Fellows Program: Columbia Fellows is available only for the first year of the program. The scholarship includes a partial- or full-tuition award for applicants who have shown the creativity and initiative to be true leaders in business.
• Board of Overseers China & India Fellowships: This fellowship is available to students from China and India. Scholarships are awarded by the Board of Overseers, which is comprised of industry giants across a variety of fields.
• Meyer Feldberg Distinguished Fellowship Program: This fellowship is extremely competitive and is granted to students who have shown outstanding leadership skills and academic initiative. Students applying must demonstrate an impressive track record in areas like entrepreneurship and social ventures. Fellows are given full tuition and lifelong membership in the prestigious network of award recipients and donors.
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• R.C. Kopf Fellowships: The R.C. Kopf Fellowship is granted to students with an interest in international business. Italian, French, British and U.S. citizens can all earn the Kopf Fellowship. Applicants should be accomplished in academia, but also exhibit personal and professional behavior that makes them an asset to the community.
• Gerardo Werthein Scholarship: This scholarship is specifically for MBA students who have lived or studied in Argentina and who are interested in returning to work in Argentina. The scholarship is granted based on financial need.
• Ela Lemelbaum Scholarship: Israeli students are eligible to receive the Ela Lemelbaum Scholarship, which provides tuition support options for both first and second years of study. Preference goes to students who have studied at the Interdisciplinary Center in Herzliya, Israel. This scholarship is renewable during the second year.
Other Scholarship Opportunities
CBS also offers a variety of need-based scholarships to students, which may yield tuition support ranging from $7,500 to $30,000. Need-based scholarships are based on every aspect of a student’s assets. About 50 perfect of applicants are granted need-based awards. These scholarships are automatically renewed during a student’s second year. There is a rigorous four-part application process. Students may also seek out and apply for external scholarships.
Ryerson Wins 2 FinTech Awards
Ryerson University is known for its support of entrepreneurship. Not only is the university home to DMZ, Canada’s largest community of innovative startups, it’s also home to Ryerson Zone Startups, a technology accelerator program for early-stage startups. And on Nov. 21, at the 2016 FinTech Awards, both incubators were recognized for their support of FinTech in Canada.
DMZ was named “Accelerator, Incubator or Entrepreneurial Network Most Supportive of FinTech” while Ryerson Zone Startups was named, “Academic Institution Most Supportive of FinTech.” Continue reading…
Meet 6 Emerging Leaders from Ivey Business School
Every year, in conjunction with Global Ivey Day (Nov. 17, 2016), Western University Canada Ivey Business School recognizes and honors six rising leaders who have graduated from Ivey within the past ten years. The Emerging Leaders Awards are awarded to alumni who have made a significant impact in one of six categories:
- Community Advancement
- Global Impact
- Corporate Development
- Entrepreneurship
- Student Leadership
- Academic Leadership
This year, the award recipients are as follows: Continue reading…
Awards Season at Robert H. Smith School of Business
Toward the end of each academic year, the Robert H. Smith School of Business honors top MBA students and business school faculty by presenting an array of awards. These awards celebrate various accomplishments, achievements, acknowledgments, and milestones to students and faculty alike. Continue reading…
