Indiana, UNC Keep Top Spot in New U.S. News Online MBA Ranking
One year after the University of Indiana Kelley School of Business and University of North Carolina Kenan-Flagler Business School grabbed the top mantle in the U.S. News & World Report “Best Online MBA Programs” list, the two schools managed to hold the first spot yet again in the publication’s updated 2020 Online MBA ranking.
Continue reading…Columbia Finds Surprises That Hurt Advertisers, and More – New York City News
What’s going on in New York business schools this week?
Study by Columbia Business School Finds Search Tools Like Broad Match Can Hurt Advertisers More Than It Helps – Columbia Business School Blog
New research co-authored by Columbia Business School associate professor of business Kinshuk Jerath calls into question the efficacy of search tools like broad match, which automate the process of “figuring out all the possible keywords that consumers might search for.”
According to the article, paid search ad spending will reach nearly $40 billion in the U.S. alone by 2019. Jerath writes, “Tools like broad match have led to too many advertisers competing over the same keywords, because now bidding on keywords is so easy. The result is that the search engines are actually the only real winners.”
In a paper entitled Keyword Management Costs and “Broad Match” in Sponsored Search Advertising, Jerath and co-authors Wilfred Amaldoss from Duke Fuqua and Amin Sayedi of UW Foster found that “broad match is only effective to a point, a threshold driven largely by the accuracy of broad match that is controlled by the search engine, not the advertiser.”
“Anything that makes advertising cheaper creates more competition—and can ultimately hurt your return on investment. “
You can read more of the research here.
Deloitte CEO Cathy Engelbert to Lehigh Graduates: ‘Do What Hasn’t Been Done’ – Lehigh College Business and Economics Blog
Deloitte CEO Cathy Engelbert, Lehigh College Business and Economics ’86 graduate, used her recent commencement address to share three life lessons that stressed to graduates of Lehigh’s 150th Class the importance of “always remembering what matters to them most.”
Engelbert advised students to “do what hasn’t been done” and “find creative, impactful ways of using new technologies for good.” She said, “I encourage you to stay optimistic and play an active, key role in carving the path leveraging your uniquely human skills—like creativity, empathy, communication, and complex problem-solving.”
Her second piece of advice was to “schedule your personal updates,” just as one might update “various devices to ensure they are operating at peak performance.”
Engelbert’s third and “most important” lesson was to “stay anchored on what matters to you most.”
“I’m sure many of you have a purpose you’re passionate about. That doesn’t end today with graduation. You can carry that through whatever you’re going to do next … from graduate school to entering the workforce. There’s a push to come together as social issues grow in depth, severity and priority. I challenge you to take a bold stance and make a difference in your day-to-day work.”
Read the full commencement report here and footage from the ceremony below.
Professor Scott Galloway discusses how Walmart is positioning itself to compete with Amazon – NYU Stern News
NYU Stern School of Business professor of marketing Scott Galloway was recently interviewed as part of a CNNMoney piece on Walmart’s plan to take on Amazon as the country’s preeminent universal retailer, particularly when it comes to online grocery delivery. Galloway writes:
“Walmart is the only firm that has the management, capital and the scale to compete with Amazon. They’ve probably done as good a job of getting off their heels and on their toes as any retailer in the world.”
You can read the full story here.
Forté Foundation Power Pitch Competition Winner
Women-led businesses were once relatively rare, but that is no longer the case. According to the 2016 Kauffman Index of Startup Activity, women make up 40 percent of new entrepreneurs in the United States: a nearly 30 percent increase from 2007.
Metro News & Notes: Avoiding Fake News, Forte In Seattle and More
Good morning and happy Friday!
Here are a few stories you may have missed from the week that was …
Rob Adams Announced As New UW Foster Entrepreneurship Center Director
For years the Buerk Center for Entrepreneurship has integrated entrepreneurship into the very fabric of the University of Washington, particularly its Foster School of Business. Now, with Seattle angel investor, startup mentor and former Cisco acquisitions manager Rob Adams as the next director, there are more great things to come. Adams succeeds Connie Bourassa-Shaw, who will be stepping down at the end of June to take her place as the part-time executive director of the Foster School’s new Master of Science in Entrepreneurship degree program. Continue reading…
