What Happens When Bosses Don’t Practice What They Preach?
News from Cornell Johnson
“The boss urges employees to go to the gym for a workout at lunchtime. ‘Your health is important to me,’ she says.
“Six months later, workers realize they don’t get to the gym often or at all, because the boss’s relentless deadlines glue them to their desks.
“When managing the complexities of organizations, saying one thing and doing another – known as word-deed misalignment – is inevitable, says Brian Lucas, assistant professor of organizational behavior at the ILR School. ‘These inconsistencies result from having to answer to multiple stakeholders, constraints on resources or simply because we’re human.’”
Impact Investing Could Accelerate The Fight Against Cancer
News from Harvard Business School
“A new generation of philanthropists, whose wealth was created via entrepreneurship in technology-driven fields, has the unique opportunity to make a real difference in speeding the pace of progress in the fight against cancer. Not content with having hospital pavilions named for them or with giving large, open-ended gifts for academic research, they want to use their wealth to have a direct and visible impact on patients’ health. Research we have conducted has revealed a variety of new, highly impactful investment approaches that can help accelerate the pace of the development, approval, and commercialization of new cancer therapies. By embracing these new approaches this new generation of philanthropists has the opportunity to truly help cure cancer.
“The results-oriented attitude of the new generation of philanthropists couldn’t have come at a better time. Rapid advances in precision medicine and immunotherapy are ushering in a new era in the treatment and cure of many cancers. And new approaches to philanthropy, often termed impact investing, have emerged as a path to meet their goals. As part of our work with the Harvard Business School-Kraft Precision Medicine Accelerator, funded by a $20 million gift from the Robert and Myra Kraft Family Foundation, we have been studying these approaches. It is our belief that they have the potential to dramatically speed the pace at which more and more cancers are either cured or become chronic, rather than deadly, conditions.”
The Countries Getting The Highest Return On Education
News from INSEAD
“In measuring performance in education or healthcare, societies often mistakenly focus on inputs rather than outcomes. That is, it is common to erroneously measure success by counting the resources devoted to it. But expenditures do not equal success. Indeed, societies would like to spend – for an equivalent outcome – as little as possible.
“The United States is the global leader in dollars spent per student in tertiary education, yet its students rank 42nd globally on the GMAT, a standardized test used primarily for admission to post-graduate schooling. There is a similar disconnect between inputs and outputs for the PISA, a test administered by the OECD to a broad sample of 15-year-old students. Luxembourg spends the most in absolute terms per student in the primary and secondary stages of education, yet ranks 32nd on the PISA. If expenditures were calibrated against the size of the economy, the global leader in education would be Botswana.”
What’s Ahead For Stock Markets In 2019
News from The Wharton School at the University of Pennsylvania
“U.S. stocks ended 2018 skimming bear market territory. In the new year, the market has bounced back somewhat but remains volatile. This week, Wharton finance professor Jeremy Siegel joined the Knowledge@Wharton show on SiriusXM to discuss the market outlook, Fed rate hikes and the impact of the U.S.-China trade war. He is also co-host of the show “Behind the Markets” on Wharton Business Radio every Friday.
“Siegel was joined by Gad Allon, who is director of the Jerome Fisher Program in Management and Technology at Wharton and also professor of operations, information, and decisions.”
First Kelley LGBT Scholarship Awarded To MBA Student
News from Indiana University Kelley School of Business
“Aaron Malone came out as gay his senior year of college.
“He graduated from IU in 2013, and is back six years later as a full-time Master of Business Administration student. He says the biggest difference between undergraduate and graduate school is the confidence he feels in himself.
“’It’s more of a “come as who you are” type of mentality coming back to graduate school,’ Malone said.
“Malone was the first ever recipient of the Out in INformation Technology Scholarship this semester, which was created by IU alumnus Doug Hamilton and his partner Don Vossburg. Hamilton graduated with a Master of Business Administration in 1978.”