B-School Bulletin: Stern To Get Destructive

NYU Stern Launches First Creative Destruction Lab In U.S. 

News from NYU Stern School of Business

“New York University Stern School of Business announced Oct. 10 that it will enter a partnership with the University of Toronto’s Rotman School of Management to establish the first Creative Destruction Lab — CDL-New York City — in the United States. The program is laser-focused on maximizing value for science and technology startups through the unique CDL model that integrates the venturing process with the MBA curriculum. CDL Toronto, where the model was pioneered, has generated more than $1 billion of equity value creation in the five years since its founding.

“CDL-New York City will bring together, in a nine-month program, three groups: highly successful serial entrepreneurs and angel investors; founders of pre-seed stage startups in science and technology; and Stern faculty and MBA students. Startups selected for the program will benefit from opportunities to raise capital and receive guidance from the Lab’s Chief Scientists — world-renowned NYU faculty drawn from science and technology disciplines, including researchers who’ve successfully commercialized their own companies. They will also receive business development support from Stern faculty and MBA students through an affiliated experiential-based CDL course.

“’By establishing the first Creative Destruction Lab in the country here in downtown New York City at NYU Stern, we are signalling our commitment to deepening our existing infrastructure in entrepreneurship education,’ said Raghu Sundaram, vice dean for MBA programs and online learning. ‘Building on NYU’s history of innovation, we look to be a hub that matches inspired ideas with the expertise to scale and commercialize them — and develop MBA students in the process who may want to follow a similar entrepreneurial path in the future.’”

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Ross Announces New Degrees For Dental & Pharmacy Students

News from the University of Michigan Ross School of Business

“The University of Michigan’s Ross School of Business has announced two new dual degree programs. In conjunction with the College of Pharmacy and the School of Dentistry, the dual degree programs will be offered this academic year. As an increasing number of students explore career opportunities in the medical/healthcare field, the programs are designed to help them become more marketable and knowledgeable across disciplines. MBA applications will be handled through Ross Admissions. While courses begin next spring/summer, students can begin applying this fall.

“The College of Pharmacy and Michigan Ross will now offer a Doctor of Pharmacy and Master of Business Administration (PharmD/MBA) degree. To qualify, students must already be admitted in the College of Pharmacy and apply to Ross their third year of enrollment in CoP. This will allow students to complete their degrees within a five-year span.”

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KPMG’s Professors-In-Residence To Research Audit Innovation

News from Arizona State University W. P. Carey School of Business & University of Massachusetts-Amherst Isenberg School of Management

“Two accounting professors are working with U.S. audit, tax and advisory firm KPMG LLP as the first-ever KPMG James Marwick professors-in-residence, a new program focused on evolving innovation opportunities and understanding challenges in the audit profession.

“Arizona State University W. P. Carey School of Business Assistant Professor of Accounting Eldar Maksymov, Ph.D., and Isenberg School of Management, University of Massachusetts-Amherst Assistant Professor G. Bradley Bennett, Ph.D., are working with KPMG to better understand innovation in the audit profession and identify how university accounting curriculums can change to keep pace with the rapidly evolving profession.”

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Planning A Career Path Just Got Easier For Johns Hopkins Students

News from Johns Hopkins Carey Business School

“Getting from where you are to the career you want: That’s a journey. A journey that should start long before graduation. A journey that now comes, to extend the metaphor, with GPS guidance.

“Johns Hopkins University students will find their digital route map at a new career planning website. It’s the first university-wide resource of its type, designed by experts from the career centers serving all nine Johns Hopkins schools. Any student — undergraduate or grad student; full- or part-time; engineer, musician, or totally undecided —  can use it as soon as he or she starts classes at the university.”

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When Should Leaders Own A Decision & When Should They Delegate?

News from Northwestern University Kellogg School of Management

“Leaders earn their keep by making smart decisions. But sometimes the smartest decision is to delegate that decision to someone else.

“Every decision fits somewhere along a risk continuum. An ugly shade of green in the hallway is not necessarily going to damage the brand, but an ill-timed acquisition might — just as hiring a single underwhelming employee will have fewer consequences than the decision to outsource a functional area for twelve global offices.”

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