NewsBites
Several influential media featured the accomplishments of the School of Management and the expertise of its faculty over the past year. Below is a summary of some of the school’s citations in prominent national and regional media. These media “hits” enhance the school’s national reputation and help to brand it as one of the nation’s top business schools.
Forbes
The School of Management was once again ranked by Forbes as one of the best business schools in the world based on the return on investment it provides MBA graduates, coming in this year at No. 45. According to Forbes, the ranking compares the cost of attaining an MBA—tuition plus forgone income—to salaries earned by MBA graduates upon graduation and five years after graduation. (See story in Startups.)
Bloomberg Business
Bloomberg Businessweek has again ranked the School of Management's full-time MBA program as one of the nation's best. It was the only school in the Buffalo Niagara region to make the list. The Professional MBA program was ranked again in its category as well. (See story in Startups.)
American Public Media, Marketplace
Emily Grijalva, assistant professor of organization and human resources, was featured in a story on American Public Media's Marketplace about narcissism in business. She said narcissists tend to emerge as leaders and that a moderate level of narcissism is beneficial for effective leadership and performance in the workplace. "People tend to think of [narcissism] as negative only," Grijalva said. "It turns out that you need to believe you're important and somewhat special in order to make other people believe that as well."
BuzzFeed, USA Today
Cristian Tiu, associate professor of finance, was quoted by BuzzFeed and USA Today about Apple's rising and falling stock prices on August 24, when markets plummeted worldwide. "If Apple stock falls, it drags down so many other stocks in so many portfolios because it is a part of so many portfolios," Tiu said.
Washington Post, MSN Money
Tiu also was quoted in articles in the Washington Post and MSN Money that examined the impact the stock market volatility could have on the technology sector. "The tech industry is a barometer of economic progress and innovation," Tiu said. "Therefore its success is an indicator of general economic progress, which eventually translates into growth."
LA Times, Entrepreneur
Jerry Newman, SUNY Distinguished Teaching Professor Emeritus of organization and human resources, was quoted in articles in the Los Angeles Times and Entrepreneur magazine about the move to raise the minimum wage to $15 an hour in Los Angeles. "That's a monumental change in wages," Newman said. "It's going to have both an economic impact and a social impact." (See minimum wage feature for more.)
Upworthy
Upworthy reported on research by Rajiv Kishore, associate professor of management science and systems, that found consumers are willing to pay more for food products when grocers use food traceability systems to collect and communicate data on food safety. "In today's world, the fact is that consumers are willing to pay a premium price," Kishore said. "These products are more expensive than the regular noncertified, and people are willing to pay that higher price; it creates a market incentive." (See story in Insights.)
Forbes
Kenneth Kim, associate professor of operations management and strategy, wrote an article in Forbes arguing the Chinese stock market does not reflect the strength of China's economy. "China's stock markets are nothing to fret over," he wrote. "Anyone who is truly knowledgeable about China's markets and economy knows that until Chinese firms become fully transparent, Chinese stock market valuations are meaningless."
The Hindu
H. Raghav Rao, SUNY Distinguished Service Professor of management science and systems, was featured twice in The Hindu, a major English-language newspaper in India, for a presentation he delivered at the MYRA School of Business about information and communication technology. "With the growing popularity of online social networks and their information propagation potential, the significance of being able to control the type of information that propagates in the network has become ever more important and increasingly challenging," Rao said.
Bloomberg Business, Buffalo News
Articles in Bloomberg Business and the Buffalo News about American businesses that serve the growing population of Indian immigrants quoted Arun Jain, the Samuel P. Capen Professor of Marketing Research, and Minakshi Trivedi, professor of marketing. "I think as the immigrant population continues to grow, larger retailers will make those changes; many are already carrying styles that are more Eastern in nature," Trivedi said.
Buffalo News
Elizabeth J. Mohr, clinical assistant professor of finance, was quoted in a Buffalo News story about Justin Trudeau's election as Canadian prime minister and the economic opportunities that could hold for Western New York. The change in leadership could bolster consumer confidence, she said. "If people think the economy is going to recover, it usually does. People's perceptions are an economic force in and of themselves."
Tom Ulbrich, executive director of the Center for Entrepreneurial Leadership, was quoted by the Buffalo News in a feature on entrepreneurs who overcame challenges like ADHD and dyslexia. "What it takes to be a successful entrepreneur is that drive, that gut, that determination, that pushing through when other people give up," he said. "If they come up against a wall, they can go under it, around it, over it, through it-whatever it takes to get it done."
Brian Wolfe, assistant professor of finance, was quoted in a Buffalo News article on KeyCorp's $4.1 billion deal to acquire First Niagara Financial Group. "Banks have to get creative to make money," he said. "Larger size allows you to spread your regulatory costs over a larger base."
