Columbia Explores Power In News, and More – New York News
Let’s explore some of the most interesting stories that have emerged from New York City business schools this week.
Which News Outlets Have the Most Power? – Columbia Newsroom
Columbia Business School recently published research surveyed from 18 different countries, which uncovers that “television news is by far the most dominant and influential news source and the number of news sources that people rely upon and trust has a direct correlation with their income levels.”
CBS professor of business Andrea Prat explains, “Countries around the world are experiencing information inequality, with a distinct subset of the population depending on just one or two sources for news. In turn, this makes a certain set of large news organizations particularly powerful.”
The research points out several different, important conclusions:
- “Television-based organizations are the most powerful commercial news organizations.“
- “News sources that cater to information-poor audiences have greater ‘media power.’”
- “News consumption appears to be highly unequal.”
- “There is no evidence that public service broadcasting reduces information inequality.”
You can read more from the report here.
Toys ‘R’ Us is Just the Latest Nostalgic Retailer to Die – CNN Money
“Another one bites the dust,” writes CNN Money journalist Danielle Wiener-Bronner, remarking the full-scale closure of the once-iconic toy distribution empire Toys ‘R’ Us. Wiener-Bronner notes that the closure comes around six month after the chain filed for bankruptcy in fall of 2017, struggling for years to compete with other distribution chains like Wal-Mart and Amazon.
A photo of the grand opening of the Toys ‘R’ Us store in Manhattan. The 70-year-old former retail giant will soon be liquidating all of its U.S. and UK locations. Photo via AP/Richard Drew
Tulin Erdem, chair of NYU Stern‘s Marketing Department, spoke with Wiener-Bronner about the news, noting that while nostalgia can be very powerful when it comes to marketing, it just isn’t enough sometimes.
“You can have a comeback with [nostalgia], but you can’t sustain it,” she said.
While Toys ‘R’ Us stores will be effectively shutting down in the U.S. and UK, and upwards of 30,000 employers will lose their positions, the closure will never erase the sheer joy of driving a 2-seater child rider car in a department store. You can read the rest of the CNN Money report here.
Zarb Introduces New Co-Op MBA Program – Hofstra University Zarb School of Business
The Hofstra University Zarb School of Business recently announced a completely new full-time two-year Co-Op MBA, which includes a six-month paid co-op experience opportunity at a leading regionally based corporation.
“Hofstra University’s Co-Op MBA program provides students with an integrated educational and professional work experience in their field of study, allowing them to expand their experience and responsibility,” the school noted in a recent press release. “With New York City’s business community only 25 miles away, you’ll also have access to many non-classroom learning experiences.”
The program requires the completion of 38 to 45 credits, with classes available full-time, both day and night. The co-hort size will be between 25 and 30 students, offering 12 separate concentrations, including: accounting, business analytics, finance, and more.
Click here to learn more about the school’s newest program.
UT Austin Opens New Business School Building, and More – Houston News
Let’s take a look some of the biggest business school news coming out of Houston business schools this week.
New Rowling Hall is Future of Business Education at UT Austin – McCombs Newsroom
The McCombs School of Business at the University of Texas at Austin recently celebrated the opening of its new 497,500-square-foot graduate business facility, Robert B. Rowling Hall. The new building will be home to the school’s MBA and M.S. in Technology Commercialization programs, the Jon Brumley Texas Venture Labs, the John C. Goff Labs, and the Center for Leadership and Ethics.
“Rowling Hall will enrich the individual journeys and experiences of each student who learns here,” said Gregory L. Fenves, president of the university. “This magnificent building is a testament to the vision of Robert and Terry Rowling, and their belief in the power of a UT education, which propelled the project from the beginning.”
You can learn more about Rowling Hall here.
Bauer Lecturer Named Educator of the Year – Bauer News Center
Dan Ramey, a lecturer for the University of Houston Bauer College of Business’ Department of Accountancy & Taxation, is the first-ever recipient of the Educator of the Year Award. Presented by the Greater Houston Area Chapter of the Association of Certified Fraud Examiners, Ramey was recognized for his contributions to anti-fraud education within his college and university.
“It is an honor and privilege to be able to work with such a great group of faculty, staff, and students,” Ramey said. “Teaching the two classes is the highlight of my week. I love being a part of the students as they go out into the business world, and I sincerely hope that I am successfully preparing them, academically and professionally, to succeed in accounting and business.”
You can read more about Ramey and the Award here.
Mays to Celebrate EY as 2018 Corporate Partner of the Year – Mays Impacts
The Mays Business School has named EY its Corporate Partner of the Year, and announced March 22 as EY Corporate Day at the Mays Business School. One of the leading employers of Mays graduates, EY (formerly Ernst & Young) is one of the largest professional services firms in the world, and part of the “Big Four” accounting firms.
“When selecting this year’s honoree, EY came quickly to mind because of their reciprocal partnership with the school,” said Mays Dean Eli Jones. “Not only do they provide financial support and devote their time to our students, they also groom our graduates for management positions. It is a cycle of success.”
For more information about the events planned that day, you can contact Cindy Billington or visit here.
Los Angeles News: Black Panther’s Success, UC Irvine Commencement, and More
We’ve rounded up some of the biggest news coming out of Los Angeles business schools this week.
‘Black Panther’ success amplifies findings of UCLA’s Hollywood Diversity Report – UCLA Newsroom
The immense success of Black Panther, the newest entrant into the Marvel cinematic universe, is pushing against the old Hollywood narrative that diverse casts often hinder the financial success of films, according to UCLA Anderson. Less than two weeks after its debut, the film has already grossed $400 million in the U.S. alone, with gross worldwide sales surpassing $727 million.
According to Forbes, the film is approaching the all-time pantheon of financially successful films:
This puts the MCU action drama’s 11-day domestic total at $411.7 million. Yes, it is already past Captain America: Civil War ($408 million in 2016) and Iron Man 3 ($409m in 2013) to be the third-biggest MCU grosser. And it’s pennies away from topping Wonder Woman ($412.5m in 2017). Once it tops Wonder Woman, presumably by the end of this sentence, Black Panther will be the fifth-biggest comic book superhero movie of all time in unadjusted North American grosses, behind only The Dark Knight Rises ($448m in 2012), Avengers: Age of Ultron ($458m in 2015), The Dark Knight ($534m in 2008) and The Avengers ($623m).
UCLA Anderson points out that the Black Panther box office success underscores its Hollywood Diversity Report, which it explains in full below:
UC Irvine’s Paul Merage School of Business Announces Experian North America CEO Craig Boundy as 2018 Distinguished Executive Commencement Speaker – UCI Paul Merage School of Business Newsroom
The Paul Merage School of Business at UC Irvine recently announced that the 2018 Distinguished Executive Commencement Speaker will be Craig Boundy, CEO of Experian North America. Over 670 graduates will be part of the event, including students from Undergraduate, MBA and PhD programs, as well as the first-ever graduating class of the Master of Finance and Master of Science in Business Analytics programs.
Boundy has a long career in business, with experience in marketing services, decision analytics and customer service. Beginning in a role with British Telecommunications, Boundy has moved through the ranks before joining Experian in 2011 and ultimately moving into the CEO role in 2014. “The opportunity to share my experiences and inspiration with the graduates from the Merage School is an honor,” Boundy said. “Our future success lies in our ability to develop agile leaders ho anticipate disruption and capitalize on creating new opportunities in the marketplace. The graduates from the Merage School are those leaders.”
Read more about Boundy and the Merage Commencement Ceremony here.
USC Marshall Online MBA Breaks Top Ten in U.S. News Rankings – U.S. News & World Report
After some considerable changes to the U.S. News & World Report Online MBA ranking, the USC Marshall School of Business online program jumped to the 8th overall spot—four spots higher than last year.
The school’s Vice Dean for Online Education, Sandra Chrystal, Ph.D, said, “We look forward to sustaining the success of the Online MBA program well into the digital future by maintaining our dedication to delivering an innovative, high-touch, advanced business education to accomplished working professionals who need online flexibility to stay on track while earning their degree.”
You can read more about the USC Marshall online program ranking here.
Toronto News: Ivey Students Come to the UN, and More
Let’s visit some of the biggest news coming out of Toronto business schools this week.
François Neville Unpacks Why Some Minority Groups Won’t Seek Business Loans – DeGroote Communications Department
François Neville, Assistant Professor of Strategic Management at the DeGroote School of Business at McMaster University, recently investigated whether certain minority entrepreneurs become discouraged when it comes to entrepreneurial activities such as seeking capital. Neville’s has published a study in the Journal of Management Studies breaks down how years of mistreatment have led to many minority business owners not wanting to begin the process of seeking a loan.
“There is a fairly established body of research offering compelling evidence that minorities are subject to inequality in the workplace and entrepreneurship, despite numerous policy initiatives to curb this,” Neville told the school.
You can read more about Neville and the study here.
Ivey Students Participating in UN Conference – News@Ivey
Two Ivey Business School students were given the special opportunity to take part in a United Nations (UN) conference earlier this month. Emma Hogeterp, HBA/Huron Global Studies ’19; and Sanket Mehta, MBA ’18 , participating in the 2018 Winter Youth Assembly at the United Nations headquarters in New York City from Feb. 14-16.
“The purpose of the conference is to not only discuss ideas, but also how they can be applicable in your country,” said Mehta. “What works in one country might not work in another because every country has a different set of economic indicators, such as life expectancy, income levels, and population.”
Ivey Business School students Emma Hogeterp and Sanket Mehta / Photo via ivey.uwo.ca
Learn more about the Youth Assembly and the Ivey students attending the summit here.
Student Trading Competition Celebrates its 15th Anniversary at the University of Toronto’s Rotman School of Management – Rotman Media Centre
The Rotman School of Management is hosting the 15th annual Rotman International Trading Competition (RITC) from February 22 to 24 in the Rotman School’s BMO Financial Group Finance Research and Trading Lab. Teams from 52 different universities spanning the globe will participate in various activities including electronic and outcry trading cases, seminars with industry practitioners, and social events with their fellow competitors.
“Given the challenge associated with each competition case, participants build models to apply theory, process information to separate the signal from the noise, quantify uncertainty and manage risks. Teams who combine those skills with good decision making do the best over the weekend.” Prof. Tom McCurdy, the Bonham Chair in Finance and academic director of the lab and the competition, said.
You can read more about RITC here.
The Differences Between a Full-Time MBA in New York City and Toronto – MetroMBA
We stack up the best of the best when it comes to NYC and Toronto MBA programs, and where each city stands out. Not surprisingly, Toronto MBAs are more affordable, and the cost of living in the city is infinitely more reasonable, but NYC programs have more prestige and potential financial reward.
Even for those who do not pay extra for room and board, expenses for U.S. residents studying at many NYC business schools will be higher than their neighbors to the north. According to Numbeo, the cost of living in Toronto is 24 percent less than the cost of living in New York City, and rent is nearly 40 percent less.
However, the value of the individual school tends to favor New York City programs over its Toronto counterparts. NYU Stern is currently the 12th overall on the U.S. News & World Report 2018 ranking, with CBS coming even higher at 9th overall. The ranking comparison remains consistent with The Economist as well, with CBS coming in 9th (again), Stern coming in 14th. The highest ranked Canadian program in The Economist ranking—Ivey Business School—came in 59th.
Check out the rest of our comparison here.
Los Angeles News: UC Irvine Female Faculty Recognized, and More
Let’s visit some of the biggest news stories coming out of business schools and MBA programs in Los Angeles.
Welcome New EMBA Director Joe O’Hannigan – Loyola Marymount Newsroom
The Loyola Marymount University College of Business Administration has recently named Joe O’Hannigan as the new associate dean and director for the school’s Executive MBA Program. With more than 30 years of experience in both higher education and international business, O’Hannigan will come to the College of Business Administration from Notre Dame, where he helped take the university’s Executive Education and EMBA programs to new heights.
“Our Executive MBA Program plays a valuable role in the community, bridging and strengthening both LMU and the business world with increasing recognition and impact,” O’Hannigan commented. “I can’t help smiling as I reacquaint myself with this wonderful institution; it’s this proud alum’s dream come true.”
Read more about Joe O’Hannigan and LMU’s Executive MBA here.
Entrepreneur and Scholar to be Honored by University – USC Marshall Newsroom
Kathleen Allen, Professor Emerita of Clinical Entrepreneurship at the Marshall School of Business at USC is the newest recipient of one of the University’s highest honors—the 2018 Faculty Lifetime Achievement Award. A Ph.D. graduate from USC Marshall, Allen served as the university’s professor of clinical entrepreneurship at the Lloyd Greif Center for Entrepreneurial Studies for 26 years before retiring in 2016. She is the author of a number of best-selling textbooks about entrepreneurship, including “Launching New Ventures,” which has been published in six languages and sold around the world. The Lifetime Achievement Award will be presented to Allen at the Academic Honors Convocation Ceremony in April.
Read more about Allen’s tenure at USC Marshall and the Lifetime Achievement Award here.
UC Irvine Merage in FT Global MBA Ranking 2018 – Financial Times
The Financial Times has recognized the Paul Merage School of Business at the University of California, Irvine as a stand out in their latest ranking of the best MBA programs in the world. According to data from the publication, the Merage School is the first business school in 20 years of FT’s rankings to have a majority (52 percent) of female faculty. This is significantly higher than the average rate of 28 percent for other ranked schools. The Merage MBA program has remained consistently ranked since the first listing in 1999, and since then has witnessed a steady growth of female faculty each year.
Find out more about the Financial Times’ annual ranking here.
New Partnerships Marry Business with Social Purpose at Oxford Saïd
Late last year the University of Oxford Saïd Business School partnered with the Global Thinkers Forum—a social purpose organization focused on accountable leadership, women’s empowerment, and youth development—to promote the annual Global Thinkers Forum Awards for Excellence. The event took place at the British Library on November 30, 2017, and celebrated recipients of the GTF Excellence in Global Leadership awards.
As part of its partnership, Oxford Saïd sent school delegates including Dr. Dina Dommet, director of student and program services; Dr. Marc Ventresca, associate professor of strategic management; and Amy Major, MBA recruitment manager. Many current MBA students, alumni, and university staff also attended.
“The work of the GTF is to build, recognize, and value global leaders in key fields—these are people who embody a breadth of vision to engage the challenges of our world and who bring a disciplined focus to support women’s leadership and new models of youth development, especially in the Middle East, the Gulf States, and Africa,” Ventresca said at an event underscoring the many deep ties between Oxford and Forum.
“GTF was incubated at Oxford, in the original academic work and action research of founder and CEO Elizabeth Filippouli,” he added in a statement. “Seven years on, it now encompasses a wide range of initiatives and partnerships in the United Kingdom and globally. The ties with the wider Oxford family are broad and deep, and each year go and grow in new directions.”
The Global Thinkers Forum brings together a diverse network of influencers and thought leaders from a wide variety of subjects and industries. Its goal is to encourage these leaders to share their visions of the future so they can effect positive change in the world around them. This year, the event’s theme was “The Trust Imperative in an Era of Uncertainty,” and one of the award recipients was Radha Basu. Basu works at iMerit.com, an AI and skill development agency in India and the United States. And during Hilary Term, he’ll be bringing his experience to Oxford Saïd as a guest lecturer.
“This event and the partnership with Global Thinkers Forum is one of the many ways our students can engage with and benefit from innovative work of our alumni,” Dommett said in the same press release.
Find out more about the recent event here.
