3D Printing Research, Success Without Passion, and More – New York News
Let’s explore some of the most interesting stories that have emerged from New York business schools this week.
Award-Winning Paper Explores How Designers Innovate in 3D Printing Communities – Stevens Institute of Technology SOB News
In a new paper from Gaurav Sabnis, Stevens Institute of Technology School of Business Assistant Professor of Marketing, Associate Dean of Research Dr. Jeffrey Nickerson, and the University of Navarra’s Dr. Harris Kyriakou “examines knowledge reuse in 3D printing communities [where] makers often iterate on designs created by other users to create refined products.”
According to the Stevens Institute of Technology SOB News article, “the professors looked at frequently reused designs and found a few clear signals in what helps designs get shared—from a designer’s level of experience, to the amount of information she included about her designs.”
The trio’s research is among the first to properly survey 3D printing communities and it could have only happened in the interdisciplinary incubator that is Stevens. Dr. Sabnis writes, “Stevens has a great culture that leads to more interdisciplinary research. I’m excited to do the kinds of research that creates real-world solutions for businesses in the digital age.”
You can read more about the 3D printing research from Stevens here.
Reviving Grit: Columbia Business School Study Finds That In Pursuit of Success, Dedication Falls Short Without Passion – Columbia Business School News
In a new PNAS study, Columbia Business School and Frankfurt School of Finance & Management researchers found that grit “without the clear sense of direction that passion provides does not propel people forward.”
Columbia Professor and co-author Adam Galinsky writes, “We were not surprised to find that dogged dedication to an objective – without a true passion for the goal – is mere drudgery.”
“But until now, research on grit failed to factor in the propulsive force that animated grit’s perseverance. By properly incorporating passion into the grit equation, we now have evidence that people who are passionate for their goal and persevere towards it will reach higher heights.”
You can find Why Grit Requires Perseverance and Passion to Positively Predict Performance here, and discover more fro the Columbia Business School News article here.
Where Professors Share Knowledge on Issues in Finance, Economics and Accounting – Rutgers Business School News
The Livingston Student Center recently hosted the annual Conference on Pacific Basin Finance, Economics, Accounting, and Management, which was founded by Rutgers Business School Distinguished Professor of Finance and Economics Cheng-Few Lee at the business school in 1992.
Rutgers Business School Distinguished Professor of Finance and Economics Cheng-Few Lee / Photo via business.rutgers.edu
The conference assembles “finance professors from around the world” to absorb “research on a variety of issues, from financial applications of parallel processing to the ethics of cryptocurrency.”
According to the Rutgers Business School News article, “Many of the conference speakers were Professor Lee’s former colleagues or students, including professor Yong Shi, who is one of 13 advisors to China’s premier, [and] delivered a keynote address on big Data Mining and Knowledge Management.”
You can read more about the event here.
Cornell Study Reveals Curious Fashion Findings, and More – New York News
Let’s explore some of the most interesting stories that have emerged from New York business schools this week, including curious new findings from a recent Cornell study.
How Disclosing Sponsored Content Affects Consumer Trust in Bloggers – Johnson Business Feed
Cornell University SC Johnson Graduate School of Management Assistant Professor of Management and Organizations Sunita Sah, along with Georgetown’s Prashant Malaviya and Debora Thompson, recently co-authored new research that examines how “consumers react to disclosures of sponsorship from fashion bloggers.”
In a recent release from the Johnson Business Feed, professor Sah writes, “In contrast to much of the previous research on conflict of interest disclosures, we found that in the context-rich setting of online blogs, conflict of interest disclosures have the unanticipated consequence of increasing, rather than decreasing, consumer trust in the blogger and their expertise.”
Sah explains how the blogosphere could more effectively handle disclosures:
“If the purpose is to protect consumers by assuming they will make the necessary adjustments to the advice they receive, it’s crucial that we consider the impact of processing by readers and thoroughly understand any unintended consequences that may occur. We may just have to think harder for solutions other than disclosure to manage conflicts of interest.”
You can find more about the Cornell study here.
Round-the-Clock Work Emails Impact Health, Relationships – Lehigh College of Business and Economics Blog
New research co-authored by Lehigh University College of Business and Economics Associate Professor of Management Liuba Belkin, Virginia Tech’s William Becker, Colorado State’s Samantha A. Conroy, and Virginia Tech doctoral student Sarah Tuskey finds that “personal relationships and home life suffer for those tied to their work emails round-the-clock.”
Liuba Belkin, Ph.D., Lehigh Associate Professor of Management
According to the Lehigh College of Business and Economics Blog, the study is the first to “test the relationship between organizational expectations to monitor work-related electronic communication during non-work hours and the health and relationship satisfaction of employees and their significant others.”
Belkin notes that round-the-clock work emails are “an insidious stressor that not only increase employee anxiety, decrease their relationship satisfaction and have detrimental effects on employee health, but also that they negatively affect partner (significant other) health and marital satisfaction perceptions.”
Belkin recommends that organizations “set off-hour email windows and limit use of electronic communications outside of those windows or set up email schedules when various employees are available to respond.”
The researchers presented “Killing Me Softly: Electronic Communications Monitoring and Employee and Spouse Well-Being” at the Academy of Management annual meeting in Chicago earlier this month and is due for publication in the Academy of Management Best Paper Proceedings.
You can read the full article here.
Professor Applies Principles of Operations Management to New Areas – Rutgers Business News
The Rutgers Business School recently published a profile of Supply Chain Management Department Chair and Associate Professor Lian Qi, whose research “goes beyond the traditional supply chain domain [to explore] new and relevant [topics] related to areas of high impact.”
According to the profile, highlighted in a recent release from Rutgers Business News, Professor Qi’s research “seeks to apply operations management principles and techniques to resolve customer service issues in … healthcare service and the service operations for electric vehicles.”
In the piece, Professor Qi explains why he opted to pursue a career in academia:
“My father is a professor who has inspired my various interests since I was a child. The second reason is that after I worked as a supply chain management consultant at SAP, I wanted to study more theoretical concepts in this area. I also love to work with students. This makes me feel that I can really help many people not just help a department within a company.”
YOu can read the full interview of Qi here.
What Exactly is the “Target Effect”? NYU Stern Prof Looks Deeper – New York News
Let’s explore some of the most interesting stories that have emerged from New York business schools this week.
Why It’s So Hard To Buy “Just One Thing” At Target – Refinery29
Speaking with Refinery29 writer Cait Munro, New York University’s Stern School of Business marketing professor Tom Meyvis elaborated why consumers have such a strong impulse to buy more things than they intended when shopping at a big-box store.
“Stores have an idea about the path [shoppers take],” he says in an interview. “Walmart was once famous for doing things like putting like Band-Aids next to fishing hooks and things like that. Something you don’t naturally associate, but once you see them there, it makes sense. So when people come in for something in one category, you can cross-sell, you can sell them something that compliments in the next product category by making sure they’re right next to each other.”
What is the so-called “Target Effect” that makes people buy more products than they intend to?
“Meyvis also notes that stores like Target have extensive data on which products customers typically buy together, and they’ll often employ those numbers to decide what should go where within the store’s layout. Some are obvious, like placing flip flops next to sunscreen, while others are so subtle that you might not even notice what’s going on when you pick up hot sauce and Pepto Bismol in the same motion.”
You can read more of Munro’s piece with Refinery29 here.
A Masters in Governmental Accounting? Five Reasons It’s Time to Make the Investment – Rutgers Business School Blog
Offered completely online, the Rutgers Business School Master of Accountancy in Governmental Accounting program may be perfect for working professionals “in the field of public financial management or transition to the public sector from private industry.” The school outlines five the biggest reasons why you may need to consider it, too:
- Opportunities – Projections indicates that there will be governmental vacancies galore due to the fact that “nearly a third of the government workforce will qualify for retirement.”
- More than just numbers – The interdisciplinary degree combines “public policy, public administration, ethics, government accounting, and auditing.”
- Quality instruction – Instructors include former New Jersey State Auditor Rick Fair and Dean Michael Mead, senior research manager at the Governmental Accounting Standards Board.
- Valuable connections – Rutgers “works hard to build connections with local, state and federal employers who can provide job opportunities and advancement to students and graduates.”
- Uniquely accessible – The online program means “you can benefit from the quality of instruction and the Rutgers connections … no matter where you are.”
You can read more about the RBS program here.
5G mobile Communication in China: From Imitator to Innovator – Johnson Business Feed
Baohong Li, an Associate Professor at the School of Economics and Management at the Beijing University of Posts and Telecommunications, and visiting scholar at the Emerging Marketing Institute, recently wrote a piece for the Cornell Johnson Businessfeed, in which they discussed China’s incredibly rapid mobile technology advancement and the future of 5G connectivity.
Specifically, Li laid out five reasons why China has an vastly important role in the implementation of 5G, including:
- Institutional innovation and reform
- Strategic planning and policy innovation
- Imitating innovation and gaining advantage
- Encouraging patent and international standardization
- Creating co-opetition innovation ecosystem
Click here for a more in-depth review of Li’s work.
Coffee Brains, Case Writing, and More – New York News
Let’s explore some of the most interesting stories that have emerged from New York business schools this week.
This Is Your Brain On Coffee: Beyond Health Benefits, Even the Smell May Fuel Higher Test Scores – Stevens Institute of Technology College of Business Blog
New research published in the Journal of Environmental Psychology finally confirmed your suspicion: yes, your coffee is making you smarter. Well, maybe. Science is tricky and all that.
In the research, officially released earlier this year, Stevens School of Business professor Adriana Madzharov and colleagues from Temple and Baruch found that the scent of coffee helped people perform tasks better and even improved test scores. Interestingly enough, the researchers concluded that the effect of even just smelling coffee could be as beneficial as consuming it.
“It’s not just that the coffee-like scent helped people in our study perform better on analytical tasks, which was already interesting,” Madzharov writes. “But they also thought they would do better, and we demonstrated that this expectation was at least partly responsible for their improved performance. In short, smelling a coffee-like scent, which has no caffeine in it, still has a placebo effect similar to drinking coffee.”
New research reveals that the scent of coffee can help you with daily tasks and tests, even if you do not consume it.
She adds, “This finding also has useful multiple practical implications in business for workplace professionals, architects, building developers, retail space managers and others.”
You can read the full article here.
A Rutgers Team Brings a Professor’s Lesson to Life – Rutgers Business School Blog
Rutgers Business School Professor of Marketing Can (John) Uslay recently took home first place in a recent case-writing competition put together by the University of Michigan’s William Davidson Institute.
Professor Uslay’s entry was based on Roshni Rides, a “rickshaw transportation company created and piloted by a team of Rutgers Business School students,” which won the “$1 million Hult Prize for social entrepreneurship in 2017 after a compelling presentation about how their company could help improve the lives of refugees living in the Orangi Town settlement.
Professor Uslay outlined “the challenges the team faced, specifically their effort to find a price point that would keep the cost of the service affordable and still enable the company to grow.”
You can check out the full interview with Professor Uslay here.
The Business Case for Sustainable Tourism Management of Protected Areas – SC Johnson Business Feed
Tom Olson, a recent Johnson Cornell MBA graduate, recently published an op-ed about the growing need for “developed, emerging, and frontier markets” to develop more sustainable management structures to accommodate increased tourism.
Enter the Tourism and Protected Area Specialist (TAPAS) Group; a subgroup of the International Union for the Conservation of Nature (IUCN) “dedicated to advancing sustainable tourism initiatives in protected areas.”
Olson writes that he was tasked by TAPAS Group to “analyze, develop, and recommend a revenue generation model that would be financially sustainable, align with IUCN’s values, and be accepted by the broader community of sustainable tourism professionals.”
You can read Olson’s full op-ed here.
Yankees Draft Stevens Finance Student, and More – New York News
Let’s explore some of the most interesting stories that have emerged from New York business schools this week.
From Ducks to a Dynasty: Yankees Draft Stevens Ace, a Star on Field and in Business Classes – Stevens Institute of Technology News
For the first time in nearly half a century, a student from the Stevens Institute of Technology was selected in the MLB Draft.
Charlie Ruegger, a junior in the school’s Quantitative Finance program, was drafted by the New York Yankees in the latter rounds of the 2018 draft, going in the 33rd round, 997th overall. In the midst of a demanding QF course load, Ruegger managed to earn Pitcher of the Year honors in the Empire 8 Conference with an 8-2 record. Stevens Ducks coach Kristaps Aldins prepared Ruegger “for the professional scouts who traveled to Dobbleaar Field to watch the Ducks and their star pitcher in action.”
Ruegger notes, “I learned to not overthink or try to do something I wouldn’t ordinarily do just because scouts are watching. You have to stay within yourself and keep your focus.”
While Ruegger’s focus turns to the Yankees, he is still very much interested in pursuing a QF career down the line.
“The professional minor-league life can be long and taxing. It’s important to me that, when the time is right, I can walk away from playing baseball and be able to move right into the business world.”
You can read the full article here.
Putting a Business Idea to the Test – Rutgers Business School Blog
The Rutgers Business School‘s Sulis team, whose innovative solar-powered water purification system recently swept the Hult Prize regional competition, is now crowdfunding to “pilot the business in India this summer.”
Team member Anurag Modak was the catalyst for the idea, which he hoped would “address the global issue of water scarcity through technology.”
The article notes that the Sulis team hopes to “market the technology to parts of the world plagued by inadequate water supplies or lacking adequate water purification.”
You can read the full article here and learn more about Sulis and the team’s crowdfunding campaign here.
Professor Anindya Ghose Comments on Facebook’s Effectiveness as a Crowdfunding Platform – NYU Stern News
The Wall Street Journal recently interviewed NYU Stern Professor of Marketing and IOMS Anindya Ghose about value of Facebook as a platform to get the word out about crowdfunding initiatives.
“An average Facebook user logs in multiple times a day… and if [the campaign] is right up in your face every time you log in, the probability you see it is high. So, I give a lot of credit to a platform like Facebook for amplifying content like this.'”
You can read the full Wall Street Journal article here (paywall).
Orientation: NYU Stern One-Year MBA Programs in Tech, Fashion
As it prepares to welcome students for orientation next week, NYU Stern School of Business has shared preliminary class profiles for its two new specialized one-year MBA programs—the Andre Koo Tech MBA and the Fashion & Luxury MBA. Stern announced the launch of the new May-to-May programs one year ago. The inaugural classes will each be made up of approximately 30 students.
Though designed for students from different backgrounds targeting diverse post-MBA career paths, the two programs do share several things in common. Each pairs traditional core curricula and specialty and elective courses with real-world projects to provide hands-on experience for students interested in careers within tech/entrepreneurship and fashion/luxury industries. They also “represent a new category of MBA and have been developed in partnership with the business community to address a talent gap,” the school notes.
Real-World Immersion
Both programs prioritize experiential learning opportunities that connect students and faculty with top companies to address real business issues. Each features two immersion experiences pairing students with companies to work on projects related to consulting, product management, brand strategy, supply chain optimization, and financial forecasting.
As part of their first term, students in the Fashion & Luxury program will participate in visits to New York companies to work on live cases with industry partners. The goal of these, the school notes, is for students to emerge from their summers with a “strong foundation of problem-solving tools.” The Fashion & Luxury program also features a second international immersion in the winter term.
Students in the Andre Koo Tech program will take part in summer term immersions with New York area tech companies. They will then spend their winter terms in the San Francisco Bay area as part of an immersion designed to allow them to explore the West Coast tech ecosystem and work on high-impact projects with Silicon Valley tech companies.
Preliminary Class Profile Highlights
The preliminary class profiles for each program’s incoming Class of 2019 include a wealth of information about student demographics, background, experience, class sizes, and more that offer incoming and prospective students a sneak peek at what to expect.
The incoming class for the Tech MBA program is 42 percent women, making it “comparable to two-year MBA programs with the highest percentages of women,” Stern notes. International students also make up 42 percent of that class. Perhaps most notable, 87 percent of students in the tech-focused MBA program will be entering with previous coding experience, many with skills in multiple programming languages.
Like the Tech MBA, the incoming Fashion & Luxury MBA Class of 2019 is also capped at 30 students in an effort “designed to maximize industry engagement…for high-touch learning and built-in ‘live case studies’ with companies year round,” the school notes. Women make up 88 percent of the incoming class. More than half—54 percent—brings previous experience in consumer products. In terms of undergraduate study, the class includes equal percentages of former business and humanities majors, at 35 percent each.
Incoming Students Share Hopes and Expectations for the Programs
Clear Admit caught up with incoming students in each program to learn more about their backgrounds and what attracted them to the Stern one-year MBA offerings.
Nicole Imbriaco, NYU Stern Tech MBA Class of 2019
Nicole Imbriaco, an incoming student in the tech program, graduated from Rutgers in 2016 with a B.S. in finance and business analytics. She has experience with HTML/CSS and SQL, among other coding languages.
“I believe it will afford me the opportunity to merge my strengths within business and technology and expand my skill set equally within both disciplines,” Imbriaco said. She added that she hopes the specialized MBA degree will facilitate a drastic career pivot, allowing her to focus more intensely on professional interests that have shifted since she graduated from college.
The loss of her mother during her senior year at Rutgers inspired a newfound interest in healthcare, she shared. After graduating from college, she worked at Goldman Sachs, which she says was a valuable experience that helped her redefine her career goals. “Being around some of the most intelligent people I have ever met, I realized I was being drawn towards better utilizing technology within the health/wellness industries,” she shared.
Imbriaco believes the Andre Koo Tech MBA will give her a skill set that she can apply to a variety of industries. She hopes upon completing the program to use “the combination of business, analytics, and technology-focused skills to contribute towards making a difference in the fields of cancer research,” she said.
Incoming Fashion & Luxury Class of 2019 student Christian Trautwein is a 2012 graduate of Brown University with a B.A. in political science. Since graduating he has worked as a merchandise manager with Walmart E-commerce. Trautwein was attracted to the one-year MBA program by the “promise & opportunity” it offers to graduates. NYU’s proximity to the fashion industry was also a draw. “My desire to build a fashion brand paired perfectly with the robust program NYU Stern has built,” he said.
More details about Stern’s new one-year MBA programs, including how to apply, can be found here. In their inaugural application cycles, these programs featured slightly earlier application deadlines than the two-year MBA program, with a September 15th first deadline, a November 15th second deadline, and a January 15 third deadline. Deadlines for the 2018-19 application season have not yet been posted.
