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.
UCLA Hosts Worldwide Alumni, Startups, and More – Los Angeles News
It’s Friday! Let’s dig into the most recent news coming out of the Los Angeles metro from the past week that isn’t about the Lakers or Dodgers.
Worldwide Welcome Weeks – UCLA Anderson
UCLA Anderson celebrates its annual ‘Worldwide Welcome Weeks’ this month with events designed to introduce new alumni to their regional chapters or affinity groups, and engage them with leaders and thinkers in their home cities.
Members gained valuable insight with behind the scenes tours of successful businesses along with more informal meet-ups with fellow graduates.
Here in the states, alumni networks gathered in such cities as San Diego, Irvine, Marina del Rey, Portland, and New York City for events ranging from a tour of Petco stadium to an exploration into the present and future of blockchain technology.
Internationally, students met in Madrid to discuss the future of sustainable strategies in business, and in Sydney and Shanghai for happy hours. Alumni in Vancouver got the chance to give back with a day of service at Quest Food Exchange.
For more on each regional event, including photos, please visit UCLA Anderson’s news page.
Life is a Startup – USC Marshall
Professor Noam Wasserman of the USC Marshall School of Business recently published his book, Life Is a Startup: What Founders Can Teach us About Making Choices and Managing Change, from Stanford University Press.
Wasserman’s previous book, The Founder’s Dilemmas: Anticipating and Avoiding the Pitfalls That Can Sink a Startup, landed at a number one spot on Amazon’s bestseller list in the management genre. Wasserman also received the Academy of Management’s Impact on Practice award.
Formerly a professor at Harvard Business School, Wasserman has over the course of his career studied founders of startups to discover not only their common characteristics, but also how their personal and creative lives evolved over the course of their careers.
In a recent profile with USC Marshall Wasserman poses the question, “How do we prevent our fear of failure from torpedoing our making life changes? How can we gain knowledge and motivation from our failures rather than having them stop us in our tracks?”
On the flip side are the perils of success. You reach your dream, and then all sorts of challenges are introduced. Your success has actually heightened a bunch of problems for you. Planning ahead for the perils of success is key to being able to have them be true successes.
Life is a Startup is Wasserman’s exploration of how lessons learned during the startup of successful ventures can be applied to life experiences as well, particularly in times of difficulty or change. You can read the rest of the USC Marshall profile of the author and professor here.
24th Annual Economic Forecast – Mihaylo College of Business and Economics
In partnership with the Orange County Business Council (OCBC) and U.S. Bank, the Mihaylo College of Business and Economics‘ Woods Center for Economic Analysis will host its 24th Annual Economic Forecast.
Examining the three-year outlook for Orange County, Southern California, and also the domestic and global economies, the forecast promises to deliver vital information from leading academic and business professionals in the region.
Home prices, the unemployment rate, the general outlook on current economic conditions for business managers will be among the topics of discussion. Opening talks will be given by Provost Emeritus Anil Puri, former dean of Mihaylo College, and Associate Professor of Economics Mira Farka, a former senior economist at Deutsche Bank.
Other speakers include Lucy Dunn, president and CEO of the OCBC and former director of the California Department of Housing and Community Development, and Michael Camuñez, president, CEO and co-founder of strategic consulting firm Monarch Global Strategies LLC.
Register for the event today, which will be held at the Hotel Irvine on Thursday, October 25, 2018.
The Potential US-China Trade War, and More – Los Angeles News
Take a look at the latest news coming out of business schools in the Los Angeles metro.
Potential Trade War Shadows An Otherwise Healthy Economy, Chapman Economists Say – Chapman University Newsroom
The Economic Forecast Update, a recent report from economists at Chapman University’s Argyros School of Business, takes a look at the recent economic growth throughout the country, but warns of potential trouble down the road for California.
“In 2018 we see a strong economy, but clouds are on the horizon for California, especially if the trade war intensifies and especially if we lose construction as a major engine of economic growth, California’s economy will slow down,” commented Jim Doti, Ph.D., Chapman economist and President Emeritus.
The report, which was put together by Dr. Doti and economists at the A. Gary Anderson Center for Economic Research, also looked into factors beyond price that increase value for California properties. With assistance from undergraduate research, the Chapman report breaks down the areas in California with the most under and over-valued properties.
Find more information on economic insights coming out of the Argyros School of Business here.
CSUF Startup Incubator Helps Entrepreneur Launch Student-Focused, Money-Saving App – Mihaylo Community News
Through a partnership with the CSUF Startup Incubator at the Mihaylo College of Business, entrepreneur John Barton was able to turn his idea into reality—a discount app for student that encourages participation in diverse social experiences.
“I wanted to have an outlet for students who didn’t want to go out every night but wanted to have some type of social interaction that didn’t involve going to bars,” Barton explains. His Point ‘n Save app, which was developed through the mentorship and support of the school’s incubator program, is now available for anyone with a university email address. The app offers discounts for a wide variety of activities and local businesses, with rewards for frequent users.
The new Point ‘n Save app, which was helped by the CSUF Startup Incubator, offers students new, diverse experiences.
You can read more about Mihaylo’s entrepreneurship incubator and the development of Barton’s app here.
Aaron Concha: Pathway to Leadership Paved with Service – UCI Paul Merage School of Business Newsroom
Aaron Concha, a 2018 graduate of the full time MBA program at University of California, Irvine’s Paul Merage School of Business, is a stand out example of the kind of impact Merage students can make in their work.
Returning home after serving as a medic in Afghanistan, Concha was drawn to the Merage School of Business because of how his army experience was recognized and appreciated by the admissions office, according to the recent piece. In the first year of the program, class projects encouraged Concha to gain a deep understanding of interpersonal conflict, gaining the confidence he needed to take on even bigger challenges in his second year. He went on to become president of the Merage Student Association (MSA), under which all student organizations operate. During his time in the MSA, Concha not only learned how to turn an idea into reality, but also gained a lasting community of friends and professionals.
“My military service gave me the humility to understand how tough decisions impact an organization,” Concha comments. “The Merage MBA has given me the experiences to make those decisions.”
Check out more about the full-time MBA program at UCI Merage here.
The Best Information Technology MBA Programs in Los Angeles
As the line between business and information technology industries continues to blur, more and more tech professionals are looking to business schools and MBA programs to help give them a leg up on the competition. An MBA with a focus on information technology (IT) is a great path to landing any number of tech-related jobs, especially in the Los Angeles metro. Here’s a rundown of what the city has to offer:
Anderson School of Management – UCLA
Founded as the College of Business Administration in 1935, the UCLA Anderson School of Management initially taught vocational business skills to people who would be teaching others. The program was renamed the John E. Anderson Graduate School of Management at UCLA in 1987 in honor of Anderson’s $15 million gift to the program. Today, the school offers a full-time, two year MBA program, as well as a part-time, Executive and two Global Executive MBA programs.
The UCLA Anderson Easton Technology Management Center prepares business students to drive change in technology through coursework, workshops and events covering tech in the business world. MBA students enrolled at Anderson are also able to specialize their degree through the Center with the Easton Technology Leadership concentration. Sample Courses include:
- Innovation in Media & Entertainment Technology
- Intellectual Property
- New Product Development
- Payment Technology
- Technology Management
Argyros School of Business – Chapman University
The Argyros School of Business at Chapman University gives students the opportunity to pursue a track during the MBA program, including Information Systems in Digital Times. While the track will not be recorded on the transcript or diploma, the coursework will come in handy while pursuing a career in technology and can be referenced on a resume. Students on the Information Systems in Digital Times track can choose from the following elective classes:
- Marketing Research
- Information Technology for Sustainable Competitive Advantage
- Statistical Models for Analytics
- Data Mining
- Marketing Analytics
California State University, Long Beach
California State Long Beach began offering business classes in 1949 with only 24 business students and four faculty members. Today, the College of Business Administration is located in state-of-the-art building, complete with decision support laboratories, classrooms with the latest in technology, multimedia capability and modern lecture halls. The Association to Advance Collegiate Schools of Business International accredited school is also offers a Daytime Accelerated MBA program.
Long Beach offers an MBA Emphasis in Information Systems through the school’s IS department. Students on this track must take the IS core classes of Quantitative Methods for Managerial Decision Making and Management of Information Systems before selected three of the following electives:
- Internet Applications Development
- Business Telecommunications Management
- Network Modeling and Simulation
- Database Management Systems
- Electronic Commerce
Graziadio School of Business and Management – Pepperdine University
The Graziadio School of Business and Management offers a Digital Innovation & Information Systems MBA to its 15 and 20-Month MBA Students. According to the school, this program focuses on bridging the gap between business and technology and helps students gain an advanced and in-demand understanding of technology innovation. This degree prepares students for careers in the following fields:
- Systems or Technology Analyst
- Infrastructure Manager
- IT Director, CIO
- Business Intelligence Analyst/Manager
- Process Analyst/Manager
- IT Program/Project Manager
- Business-IT Relationship Management
- Digital Business Consultant
- Operations Management, COO
- Technology Product Management
Loyola Marymount University
Founded in 1911, Loyola Marymount University (LMU) is a premier Catholic university rooted in the Jesuit and Marymount traditions. LMU’s College of Business Administration (CBA) was established in 1926. Today, the college offers several undergraduate degree offerings and graduate degree offerings, including an MS in Accounting, MBA and Executive MBA.
Marymount offers various areas of emphasis for their MBA degree, including Information Technology. Six different IT courses are offered, such as Risk Analysis and Financial Modeling, which introduces advanced quantitative model building skills for financial risk analysis. Another high-level IT class offered for Marymount MBAs is Information Technology Security. The school describes the course as follows:
“After 9/11 and the fall of Enron—the 7th largest corporation in America—information technology security has become one of the fastest growing areas in the business world. The need to know how to protect corporate information from attacks both from terrorists and business insiders are enormous. The main objective of this course is to provide students an exposure to the complex information security management issues in the US today. This course offers business professionals a unique blend of technical knowledge and managerial training to investigate digital threats, study corporate security needs, modeling potential risk, and explore possible strategies that management can adapt to protect valuable corporate assets.”
Mihaylo College of Business – California State University, Fullerton
The Mihaylo College of Business and Economics was founded in 1963. The college is named for Steven G. Mihaylo, a 1969 Cal State Fullerton graduate-turned-businessman who made significant contributions to the university. The school has offered MBA degrees since its inception, and today offers MBA, MA and MS programs, including online programs and programs for working professionals.
The Information Systems And Decision Sciences Department at Mihaylo offers concentrations in Information Systems to MBA students. Coursework includes:
- Integrated Enterprise Information Systems
- Information Privacy and Security
- Systems Analysis, Design and Development
Peter F. Drucker and Masatoshi Ito Graduate School of Management – Claremont Graduate University
The Peter F. Drucker & Masatoshi Ito Graduate School of Management was founded in 1971 and in 1987 was named in honor of Peter Drucker, a pioneer in management theory who helped create one of the first EMBA programs in the United States. In addition to the traditional full-time MBA, the Drucker School of Management offers a part-time and an Executive MBA.
Drucker offers a dual MS in Information Systems & Technology/MBA degree that teaches foundations in technology and management. The special degree is presented in partnership with the Center for Information Systems & Technology (CISAT) and features a curriculum that teaches best practices in both IS&T and management. Students earn two degrees simultaneously and consists of 19 courses.
The Paul Merage School of Business – University of California, Irvine
Located about halfway between Los Angeles and San Diego, the UC Irvine campus is just ten minutes away from the coastal communities of Huntington Beach, Newport Beach and Laguna Beach. The UC Irvine Paul Merage School of Business offers a full-time, two year MBA program, as well as a part-time, Executive and Healthcare Executive MBA programs.
The Merage School offers some Information Systems coursework for MBA students. All MBAs must take the core Information Technology class. These electives include:
- Critical IT Decisions for Business Executives
- Business Intelligence for Analytical Decisions
- Digital Strategies and Markets
- Special Topics in Information Systems
Top Finance MBAs in Los Angeles
The finance industry has always gone hand in hand in the MBA. Even as MBAs are becoming increasingly popular in other industries, finance is still the biggest MBA job sector and accounts for 22 percent of all MBA jobs, according to the 2014/15 QS TopMBA.com ‘Jobs and Salary Trends Report‘. Continue reading…
