Matthew Korman
[email protected] London Business School: 10 New Ventures Join LBS School Incubator Program
For the past seven years, the London Business School (LBS) Incubator Program has facilitated a wealth of new startups, helping a total of 57 companies and creating more than 150 new jobs. With more applicants now than ever before, the program has welcomed 10 new ventures to join for the upcoming the year. “The incubator makes the following available: dedicated free office space, an extensive program of support from a number of professional service firms and strategic input and mentoring from Deloitte, our sponsors,” explained Jane Khedair, head of entrepreneurship at LBS’s Career Center, in a statement. “As part of the school’s incubator community,... Read more »
Stanford GSB to Open State-of-the-Art Highland Hall for First-Year Students
Arching in the skyline of Serra Street overlooking the Knight Management Center complex, students at the Stanford Graduate School of Business (GSB) will be hard-pressed to miss the soon-to-be-completed Highland Hall. With its stark purple finish shimmering brightly in the California sun, the state-of-the-art building is a striking, modern accent to the campus. However, the most striking feature about it may not be the captivating exterior but rather its intended use: as a residency for first-year MBA students. Units have private entrances and baths, as well as a shared kitchen. Photo credit: Elena Zhukova The $75 million project is nearing completion after initially... Read more »
MIT Sloan, Harvard Professors Share Nobel Prize in Economic Sciences
For more than 40 years, MIT Sloan Economist Bengt Holmström has laid a foundation of formative work in contract theory. Now, finally, his work on the subject—along with that of Harvard Professor Oliver Hart—has been recognized by the Royal Swedish Academy of Sciences, earning the pair a Nobel Prize. Holmström, 67, is the fifth to win the Nobel Prize in Economic Sciences while serving as a member of the MIT faculty, joining Paul A. Samuelson (1970), Franco Modigliani (1985), Robert M. Solow (1987) and Peter Diamond (2010). Holmström joined the MIT faculty in 1994. “I am very lucky,” he said in a statement... Read more »
Harvard Life Lab to Open on Allston Innovation Corridor in November
Building on the successes of the Harvard Innovation Lab (i-Lab), established in 2011, and the Harvard Launch Lab, a start-up incubator that welcomed its first ventures in 2014, Harvard University will add another facility to the growing innovation corridor along Allston’s Western Avenue with the forthcoming Pagliuca Harvard Life Lab, scheduled to open next month. The new facility will provide a space for students, faculty, alumni and postdoctoral scholars from schools across the university, including Harvard Business School (HBS), to incubate high-potential startups in biotech and future-minded life sciences. It will also provide the necessary equipment needed for these often costly... Read more »
Wharton Students Gather for “Judgement Free” Discussion on Race
A week after Wharton students gathered in the wake of police shootings of Terence Crutcher and Keith Scott in Oklahoma City and Charlotte, it felt like the time for an open discussion on race open to the entire MBA community had arrived. Students joined together for an event organized by the Return on Equality (ROE) student coalition and the Wharton African American MBA Association (AAMBAA) in Wharton’s Huntsman Hall for two hours last Thursday. As part of a “judgment free” open discussion, they together shared stories and concerns while asking difficult—and often critical—questions of one another. “Having these difficult conversations now can... Read more »
ROMBA 2016 Conference Taking Place Now in Dallas
The world’s largest gathering of lesbian, gay, bisexual, and transgender (LGBT) graduate business school students is taking place now through October 8th in Dallas as Reaching Out MBA (ROMBA) hosts its 2016 LGBT MBA & Business Graduate Conference. The three-day conference, which this year centers around the theme of “Authentic Disruption,” aims to be much more than simply a career fair for LGBT MBA students. Indeed, with a jam-packed schedule of keynote addresses, community initiatives, company visits and more, the event seeks to promotes broader visibility and transparency of the LGBT business community, create a forum for networking and foster partnerships... Read more »
Haas Professor and “Power Poses” Co-Author Backtracks from Own Study
Six years ago, researchers at Columbia and Harvard quickly gained recognition in the psychological science community with research they published suggesting that power poses—particular body stances and positioning held for limited periods of time—could lend themselves to increased feelings of power and tolerance for risk. The 2010 report, “Power Posing: Brief Nonverbal Displays Affect Neuroendocrine Levels and Risk Tolerance,” was co-authored by Dana Carney and Andy Yap, then at Columbia, and Amy Cuddy (pictured above, right) at Harvard Business School. The three wrote, “results of this study confirmed our prediction that posing in high-power nonverbal displays (as opposed to low-power nonverbal displays) would cause... Read more »
Tuck’s New Mission Statement Looks Toward Future
“Wisdom encompasses the essential aptitudes of confident humility,” reads the introduction to the new mission statement for Dartmouth’s Tuck School of Business, defining a new vision for the future of the New Hampshire business school. Speaking to the Tuck community, Dean Matthew J. Slaughter broke down the school’s newly refined outlook into a concise ten-word statement: “Tuck educates wise leaders to better the world of business.” “It has been an invigorating and affirming process,” Slaughter said in a letter released last week, “the results of which I am excited to share with you today.” “It is my hope that these words will not only shape... Read more »
Columbia Business School Launches Inaugural Re-Orientation Program
While seldom the most important step in a student’s career, the value of orientation is nonetheless immeasurable for many. Often it creates a unique bond between the students and their new surroundings at an impossibly vital point during formative years. But after it’s over, it’s over, right? Not so fast, says Columbia Business School (CBS). Questioning why that special cohesion-building process should be reserved just for first-students, the school late last month held its first-ever orientation for second-year business students. Dubbed the “Re-Orientation,” it was led by the Columbia Leadership Lab. “The second year is when people enrich leadership skills like persuasion and relationship building. You can’t... Read more »
Kellogg Receives $10 Million from Former Motorola CEO
With the completion of the state-of-the-art Global Hub, the brand new epicenter of the Kellogg School of Management at Northwestern University, slated for the very near future, the Evanston business school received even more good news in the form of a $10.25-million donation from the Christopher B. Galvin Family Foundation. The foundation is run by former Motorola CEO Chris Galvin and his wife, Cynthia. With the donation, the first-floor design wing and conference center of the Global Hub will be named in their honor. This is an opportunity to give back,” said Galvin, a Northwestern and Kellogg alumnus, in a statement.... Read more »
McCombs Celebrates Fifth Annual Austin Startup Week
Since 2011, every early October at the McCombs School of Business at the University of Texas has celebrated Austin’s burgeoning entrepreneurial environment with the five-day Austin Startup Week. And with the fifth edition right around the corner, more and more McCombs students look to join the ever-growing ranks of alumni with celebrated startups. Several startups that have emerged from McCombs over the past five years include Sock Club, Nicely Noted and Beatbox Beverages. Sock Club is a niche sock-only online store co-created in 2012 by Noah Lee, a McCombs MBA class of 2016 alumnus. When speaking about the MBA program,... Read more »
Kellogg’s Global Hub Enters Final Phases of Construction
Before the end of 2016, the Kellogg School of Management at Northwestern University won’t just be culminating another successful year, it’ll be celebrating the opening of its immense new Global Hub. The approximately 410,000-square-foot center, located on the edge of Lake Michigan in Chicago, will serve as Kellogg’s new modern epicenter. Included in the enormous 103-foot complex designed by Toronto-based architecture firm KPMB Architects will be advanced, green-friendly classrooms, a 1,400-square-foot student lounge, an auditorium and a picturesque 2,000-square-foot terrace overlooking Lake Michigan. The complex is comprised of four separate buildings joined together by a 6,000-square-foot atrium called Collaboration Plaza. This adjoining... Read more »
Stanford GSB Class of 2018 Profile Reveals High GMATs, Increasing Diversity
Always one of the last schools to publish its class profile, Stanford Graduate School of Business (GSB) yesterday shared details about the Class of 2018, revealing a significantly rebounded average GMAT score and growing diversity. As the final class to be hand-selected by Derrick Bolton—the school’s longstanding admissions director who earlier this month left his role to head admissions for Stanford’s new Knight-Hennessy Program—it’s something of a crowing achievement. Derrick Bolton, who led MBA admissions at Stanford GSB for 15 years, before moving over to the Knight-Hennessy Program earlier this month Record Application Volume, Record U.S. Minority Enrollment The school received a record number of... Read more »
Students, Faculty Stand in Unity at Ross Black Lives Matter Gathering
In silence, students, staff and faculty at the University of Michigan’s Stephen M. Ross School Of Business spoke volumes. Standing together on the afternoon of Monday, September 26th, dressed in all black, the group unified behind signs of Black Lives Matter and #Ross4Change, sending a powerful, cohesive message. The moment was organized by the Black Business Student Association and the Student Government Association at Ross, which is also helping put together a Kickstarter campaign championing diversity. Perhaps most poignant were signs with hard, honest data about the number of police killings to date in 2016 alone—along with the names of many... Read more »
Harvard Business School Announces Newest Entrepreneurs-in-Residence
Harvard Business School (HBS) has announced its 2016-17 Entrepreneurs-in-Residence (EiRs) at the Arthur Rock Center for Entrepreneurship. The program—which brings founders, investors and industry experts from across industries, many of them HBS alumni, to work directly with current students—is now entering its 12th year. Entrepreneurship has been a cornerstone of the Harvard MBA program since the late 1940s when it became a part of the required course load for first-year students. As well, the school’s MBA program offers numerous entrepreneurship electives for students to further expand their understanding of what it takes to run your own business. The Rock Center, the... Read more »
GMAC Introduces New Features for GMAT Enhanced Score Report
In early January 2016, the Graduate Management Admission Council (GMAC), which owns and administers the GMAT, introduced the GMAT Enhanced Score Report (ESR), providing test-takers with deeper insight into their scores. Recently, GMAC unveiled a newer, enhanced version of the ESR, including three new features. The new elements build on the initial ESR, which allowed users to look at separate result segments of the GMAT and compare themselves against other test-takers. In addition to giving the test-takers a percentage ranking to see where they stack up against potential competition, it also allowed them to pinpoint the areas in which they... Read more »
Stanford GSB Introduces USA MBA Fellowship, Inaugural Year to Focus on Midwest
Stanford Graduate School of Business (GSB) this year has launched a new USA MBA Fellowship program, which will provide financial assistance to MBA students committed to improving economically impoverished areas in the United States. In its inaugural year, the fellowship will focus on the Midwest, covering tuition and associated fees (amounting to approximately $160,000 over two years) for students who demonstrate both financial need and a strong connection to at least one Midwestern state (Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota or Wisconsin). Applicants whose level of need exceeds the fellowship amount may also be eligible for additional financial assistance to... Read more »
HBS U.S. Competitiveness Project Report: Political Divide Holding Economy Back
With the divisive national election launching an onslaught of emotionally-charged headlines against the backdrop of a continually bearish national economy, it may not be surprising to hear that some of Harvard Business School’s top minds are worried. As part of the 2016 U.S. Competitiveness Project report, “Problems Unsolved and a Nation Divided,” HBS Professors Michael E. Porter, Jan W. Rivkin and Mihir A. Desai, together with Program Director and Senior Researcher Manjari Raman, reveal their findings that the very vocal and public dysfunction of the political system is the key factor holding the U.S. economy back. The report contains five years of in-depth analysis... Read more »
Cornell’s Business, Medical Schools Debut EMBA/Healthcare Leadership Masters Program
It can be nearly impossible for today’s medical students to stay up to date with the ever-evolving healthcare industry. Now, a new two-year executive MBA/M.S. healthcare leadership dual-degree program offered by the Samuel Curtis Johnson Graduate School of Management and the Weill Cornell Graduate School of Medical Sciences offers a way to meet that challenge. “This new program will enable medical professionals to innovate as hospitals and healthcare systems face increasing challenges to their business model,” Cornell College of Business Dean Soumitra Dutta said in a statement. “The key lies in providing a unique blend of business and healthcare skills required to thrive as... Read more »
NYU Stern’s Center for Sustainable Business Makes Notable Progress in Just Six Months
Last February, New York University’s Stern School of Business launched the Center for Sustainable Business, aided by a $1 million investment from the Citi Foundation. And in just a few short months, the center has steadily made notable progress. Since launching, the center also assembled its corporate advisory board, recruited a host of industry research scholars, hosted Unilever CEO Paul Polman on its campus and published the “How Corporate America Can Support the Paris Climate Deal” op-ed in Fortune on Earth Day, April 22, 2016. Each important move reflects the center’s overall theme of “A Better World through Better Business.”... Read more »
