Business News

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The University of Rochester's William E. Simon Graduate School of Business Administration was honored at a ceremony in Washington, D.C. on May 21 by the Templeton Honor Rolls for Education in a Free Scoiety with their prestigious award celebrating excellence in American higher education.

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Study Explores New Evidence That Continued Board Service Offsets Horizon Problems in CEO's Final Years of Employment

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Climate change polices that seek to reduce emissions of greenhouse gases are likely to aggravate distortions in the economy created by the tax system. However, most of this added cost can be offset if the policy raises revenue for the government and the revenues are then used to cut other taxes, according to a new issues brief published by Resources for the Future.

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Despite continuing student unrest, officials of Temple University and Hanyang University signed a historic agreement today (Wednesday, June 4) that establishes a Temple Executive MBA program and sets the stage for a broad range of cooperative educational efforts

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Older job applicants may lose when todayís busy managers receive diversity training. Organizations offering diversity training to employees should proceed with caution, say researchers at the University of Illinois.

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Researchers at Resources for the Future have found that nearly half of Southern Californians polled support congestion tolls on freeways and emissions fees on motor vehicles. They further find that public support can be substantially enhanced by returning some of the revenues raised from the tolls and fees as reductions in transportation-related taxes.

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Thanks to two big-bird specialists from Purdue University, ostrich meat is gaining more recognition as the "other red meat" for populations around the world. Chef Hubert Schmieder and Professor William Stadelman presented a proposal for an international ostrich meat identification guide, based on the American Ostrich Association Meat Guide, this spring at a meat congress in Oustdoorn, South Africa.

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Signing bonsues paid to graduating MBA students at Cornell's Johnson Graduate School of management are 33 percent higher, on average, than last year. The average 1997 bonus is $12,500. That's on top of starting salaries, which averaged more than $70,000, and other benefits such as guaranteed year-end bonuses.

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The number of hours that people work is definitely influenced by the number of hours that other workers work. Women, however, seem less influenced by this peer pressure than men do, according to Rutgers Professor Wayne Eastman.

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Globalization has potential downsides, along with its benefits, says Rutgers' John Dunning. It creates more competition, more nationalism, and more government, and in brings temporary disbenefits on the individual level. Businesses and governments must be aware of both sides.

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Don't be too quick to throw away those credit card offers that flood the daily mail, says a Purdue University business professor. "These 'affinity' or specialty cards like a Visa or Mastercard from your favorite magazine or grocery store may offer consumers low interest rates and meaningful perks."

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Teens with a preference for a particular brand of cigarette or beer are using those substances more and are more likely to use them in the future, according to a study of more than 4,000 ninth- and 11th-grade students.

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A summer program is helping minority students make their way into the business environment where 90 percent of U.S. managers are currently white. Now in its 17th year of operation, the Leadership Education and Development program, or LEAD, will soon begin teaching high school minority students how to become America's future executives.

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Colleges and universities measure loyalty by alumni giving. Using that yardstick, alumni of the Amos Tuck School of Business Administration at Dartmouth College are the most faithful of the nation's graduate business school degree recipients.

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ASME International (American Society of Mechanical Engineers) announces an online service for employers, recruiters and executive search firms seeking candidates to fill engineering positions.

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University of Rochester 's Simon School Dean Charles Plosser Visits East Asia To Strengthen Relationships With Business, Economic And Government Leaders And School's Growing Alumni Population.

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In "Tax Waste, Not Work," a new text from Redefining Progress, the authors contend that changing what is taxed in America can lead to a stronger economy and a cleaner environment. The book--co-authored by Christopher H. Stinson, a University of Texas Business School professor and a senior fellow at Redefining Progress--focuses the national debate not on HOW MUCH to tax, but, more fundamentally, on WHAT should be taxed.

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A Purdue University travel expert predicts that the Internet will change the way travel agents do their jobs. "It's inevitable that the business of travel agencies will change," says Alastair Morrison, professor of restaurant, hotel, institutional and tourism management. "The Internet is a way to bypass travel agents, and, though it doesn't signal their demise, it is impacting the travel industry."

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To come up with new product ideas, researchers at the Lally School of Management and Technology at Rensselaer Polytechnic Institute seed consumer imaginations with tantalizing triggers such as blow-dry dog, fold clothes, or shrink car.

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Reflecting its leap into the top ranks of American business schools and the high caliber of its M.B.A. program, starting salaries for 1997 graduates of the William E. Simon Graduate School of Business Administration jumped a whopping 17.6% (from one year ago) to $69,399. In addition, job offers are up 15% and summer internship offers are up 41% over last year. Confirmed students to Class of 1999 up 110% over same time last year.

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Economic models and proven scientific procedures must be the foundation for operations problem solving in today's business environment, a new paper indicates.In "Perspectives on Operations Strategy and Economics," Phillip J. Lederer, associate professor of operations management at the William E. Simon Graduate School of Business Administration, asserts that by utilizing an operations strategy that takes into account the scientific method, microeconomics and operations research, a company will gain stronger and more insightful information on how certain decisions affect the cost and demand of products or services.

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Simon School M.B.A. Student Named 1997 National Marketing Scholar--Places first in Annual American Marketing Association Competition

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As legislators at all levels of government contemplate increased competition for natural gas and electricity, the deregulation of energy markets so far presents clear evidence that competition results in lower costs to consumers, according to a new article published by Resources for the Future.

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Tips from Babcock at Wake Forest University: 1. Rambling wrecks no longer -- Auto superstores are changing the way cars are sold. A marketing competition at Babcock at WFU creates plan for new entry into field. 2. In accounting, economic value added is "old wine in new bottles" says professor at Babcock School, WFU. 3. What really makes a world class manufacturer? With grants from the NSF, associate professor Barb Flynn and colleagues are answering that question.

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A computerized version of the Graduate Management Admission Test (GMAT) -- the standardized exam taken by applicants to graduate business programs worldwide -- will replace the current pencil-and-paper version of the test on October 1, 1997.

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Academia is taking a lesson from corporate America as competition for faculty and staff increases. Universities are setting up special assistance programs for dual-career couples to help the accompanying spouses find work and adjust to the new community. Purdue University is one example. Purdue's program, now a year old, has aided 42 dual-career couples and helped 30 spouses find employment.

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Blacks are less likely than whites to "buy" excuses from co-workers who have wronged them on the job. That's one conclusion from research co-authored by Martin N. Davidson, assistant professor of business administration at Dartmouth College's Amos Tuck School of Business Administration.

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The divide between science and service in university business schools has been growing in recent years. Rutgers professors James Bailey and Wayne Eastman have examined the problem with a special monograph of The Journal of Applied Behavioral Science. Important researchers contribute to the debate about whether or not organization science is relevant to business practitioners, and what can be done to address the gap.

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Johns Hopkins historians detail in a new study why the success of Silicon Valley is so difficult to duplicate elsewhere.

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A team of MBA students from the F.W. Olin Graduate School of Business at Babson College beat the competition from Boston College, Boston IUniversity, MIT, Northeastern University, and Suffolk University to win first place in the Lotus Bean Town MBA Marketing Competition.

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Louisiana State University's Center for Advanced Microstructures and Devices will soon host the world's first mass-manufactured product using an x-ray light source. **PHOTOS AVAILABLE

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Business owners of tomorrow are getting their first crack at entrepreneurship through college competitions.

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A Purdue University professor who has long been popular with his students now will give them a bit more ã the $50,000 he just won from an international award for his lifelong research on entrepreneurship.

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Is revenge simply emotional and volatile, always an irrational response in civilized society? Not necessarily, declares Tom Tripp, WSU Vancouver business professor. He argues that revenge has its place in the work environment if it effects positive change either for the avenger or for the organization.

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ATHENS, Ga. -- The three-day Summit for America's Future is a great way to jump-start volunteerism. However, the key to keeping volunteers enthusiastic and involved rests with the boards of non-profit agencies, according to a University of Georgia School of Social Work professor.

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More than 2,000 practitioners will attend the May 4-7 INFORMS conference in San Diego to learn about current research and applications in information technology as it pertains to health care, manufacturing, military, telecommunications, tourism and transportation.

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American companies are making fundamental changes in responding to an increasingly competitive global economy. A major component of these changes is replacing the old "individual based task oriented" management concept with a "team based process oriented" approach.

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Programs to empower workers almost always fail because managers promise more than they can deliver. So says Joanne Ciulla, professor of leadership and ethics at the University of Richmond's Jepson School of Leadership Studies. She has written a paper entitled, "Leadership and the Problem of Bogus Empowerment," recently published as a working paper of the Kellogg Leadership Studies Project.

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Because virtually all of today's information technology is computer-driven, there is a huge demand for computer software engineers in just about any field a college-bound high school student can name.

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Sheldon R. Erikson, chairman of the Board of Cooper Cameron Corporation (NYSE) since May 1996, and president and chief executive officer since January 1995, will be accepting the Titanium Award for outstanding citizenship within the petroleum industry. This presentation will take place during the ASME Cajun Crawfish Boil, Sunday, May 4, from 1 to 5 p.m.

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Recognizing the critical role of technical standards in international trade, ASME International (American Society of Mechanical Engineers) has urged the U.S. government to support market-driven, de facto international standards as a means of satisfying the Agreement on Technical Barriers to Trade adopted at the most recent round of GATT negotiations.

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Breaking a long drought on national advertising, the American Dental Association this month will place four page-dominant advertisements in the Wall Street Journal to promote Direct Reimbursement, a method of dental benefit funding that lets patients choose their own dentist while allowing employers to allocate a greater percentage of benefit dollars toward actual dental care, thus minimizing administration costs.

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No grades were given, but the first "graduates" of Purdue University Calumet's Entrepreneurship program scored high marks for increasing sales. Collective sales of the program's charter group of 18 business owners increased nearly 56 percent over the two-year period during which they attended classes.

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East Lansing, Mich. -- The first formal joint academic program of Michigan State University and The Detroit College of law at Michigan State University -- one that enables students to earn both a law degree and a master in business administration degree in four years of full-time study -- is now accepting students for fall semester 1997. The university and the law school, which began a unique affiliation in 1995, announced the new program at a press conference today.

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Dr. Curtis W. Cook has been chosen Dean of the School of Business Administration at the University of San Diego.

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More than 42,000 franchised units will start up nationwide this year, joining the 570,000 already out there. But fresh opportunities to be an innovative, profitable frachisee still abound accourding to Babson franchise expert Stephen Spinelli.

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The pollution control system in the United States is fragmented and inefficient, targetting the wrong problems, and lacking in all kinds of information needed for effective decisionmaking, according to a report released today by Resources for the Future. The report describes and evaluates the nine major federal environmental laws, the administrative decisionmaking system at the Environmental Protection Agency, and the federal-state division of labor that are the main elements of U.S. environmental policy. It is based on a comprehensive three-year examination of the pollution regulatory system, the first systematic evaluation of the nation's pollution control efforts to date.

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Purdue University is demonstrating that the secret to improving manufacturing is really child's play. Two professors have developed a teaching tool from a child's toy that is helping manufacturers train employees and save money.

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One of every three U.S. households--37 percent, or 35 million households--includes someone who has had a primary role in a new or small business, according to a first-of-its-kind study by an international research collaborative.

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This digest contains summaries of the following news releases 1. Purdue professors' 'toy story' saves companies money 2. Purdue professor gives casinos tool against compulsive gambling 3. Finance Experts 4. Business & Finance Briefs