Kellogg in the News

BBC News

Can a life-swap exercise stop a community tearing itself in two? – 05/04/17
In certain iterations it can have an obvious, immediate positive impact on participants, but there are some drawbacks according to Nour Kteily, a professor who has studied "perspective taking" in negotiations between Palestinians and Israelis at Northwestern University's Kellogg School of Management. "There is a lot of work in social psychology that suggests that intergroup contact can be helpful," he says. "[However,] it can have the flavour of a feel-good exercise that doesn't change a lot on the ground. There's research that shows that can be frustrating on the low-power group.”

Bloomberg

Inside the ‘Scorpion Room’ Where Drug Price Secrets Are Guarded – 05/04/17
Article discusses how pharmacy-benefit managers (PBM’s) often put auditors in secure rooms, limit the number of contracts they can see, and restrict and review note taking. Professor Craig Garthwaite mentions that any restriction on audits “gives an advantage to the PBM,” and that “PBMs have no reason to want to shine a light on it.”

Marketplace Radio

How do you pay for pre-existing conditions? The GOP plans to charge more – 05/04/17
Article discusses how, in the new GOP health care bill, Republicans plan to have insurance companies charge people more if they have a pre-existing condition. “So imagine we’re making a model airplane. They want to make one with one wing and one landing gear, but not think about ‘What does it take to make this health insurance airplane get off the ground?'” said Professor Craig Garthwaite.

Poets & Quants

2017 Best MBAs: Jared Scharen, Northwestern (Kellogg) – 05/04/17
Article features an interview with Jared Scharen, a Kellogg student who made Poets & Quants’ “2017 Best MBAs” list. Scharen discusses his professional experience and the entrepreneurship resources he received while at Kellogg. After graduation, Scharen will be working at eRetirements.com, a startup he founded to help Baby Boomers identify their ideal retirement locations. The full list of Best MBAs will be published on Monday.

Talent Economy

Is the Notion of Two Weeks’ Notice Obsolete? One Company Has An Alternative – 05/04/17
In the end, employee turnover is inevitable at any company, and having open conversations can be beneficial, said Victoria Medvec, professor of management and organizations at the Kellogg School of Management at Northwestern University. “Knowing early and creating a willingness for employees to tell you early about their interest in going elsewhere is very helpful,” she said. This allows for advanced notice for the employer to start a succession planning process.

WBEZ

How The Latest Obamacare Repeal Bill Could Affect Illinois – 05/04/17
At least one local expert describes the old Illinois program for Obamacare as “a disaster.” “It was under-funded, the premiums were really high, and then there was also a waiting period to get it,” said Joel Shalowitz, a clinical professor of Health Industry Management at the Kellogg School of Management at Northwestern University. “So the people who needed it found it hard to get, and then it was un-affordable.”

NPR

Venezuelan economy in crisis – 05/03/17
Adjunct Lecturer Daniel Lansberg-Rodriguez joins NPR to provide historical context to the economic rise of and current chaos in Venezuela. He examines the country’s economic trajectory, beginning with major reforms promised by Hugo Chavez in the 1990s.

Insight into Diversity

Leading Organizations as Social Justice Moves from the Streets to the Boardroom – 05/01/17
Article by Anise Wiley-Little, Chief Human Capital and Diversity Officer, about her role in diversity and inclusion. The article looks at how to address social issues and how to engage in change. The article looks at the topics we must address, including race, socioeconomic status, and issues of inequality.

Forbes

Four Keys To Renegotiating NAFTA – 04/30/17
Article by Adjunct Professor Philip Levy discusses President Trump’s decision to renegotiate NAFTA, offering four crucial components to the renegotiations: reasonable objectives, personnel who are qualified to negotiate, consistent direction from the White House, and congressional approval.

Quartz

Social media is polarizing users faster than ever – 04/30/17
Article originally published on Kellogg Insight highlights Professor Brian Uzzi’s research on the role of user behavior in the formation of online echo chambers. From a massive pool of 12 million social media users, it was found that almost all the users became highly polarized at an astonishing speed. “Even people who start out holding two points of view at the same time can very quickly go into an echo chamber,” Uzzi said.

Crain’s Chicago Business

Dividing to conquer the ticket game – 04/29/17
Article discusses how Chicago’s professional sports teams have increased their ticket-pricing tiers over the past five years to allow for revenue growth. “If you’re trying to price two different things of the same quality at different prices, it’s not going to work. You’ve got to get all the prices right simultaneously,” said Professor Sandeep Baliga.

Bloomberg

With Anthem-Cigna All But Dead, M&A Speculation Is Back On – 04/28/17
Article discusses how, in light of the Anthem Inc.-Cigna Corp. merger being shot down, speculation has begun regarding the next health-insurance megadeal, likely involving Humana, which specializes in the business of selling private health plans for the elderly. “There’s a new sheriff in town, so you might be less concerned about what the agencies think of your merger,” said Professor Amanda Starc.

Chicago Tribune

You’re not going to get $10,000 for your airline seat, but strategy can help – 04/28/17
Article discusses United Airlines’ recent statement—in an effort to recover from the April 9 incident—that the company will offer passengers on overbooked flights up to $10,000 in compensation to take a later flight. “Good luck finding a plane full of people where no one is willing to give up their seat for $9,000,” said Professor James Schummer. “Once the group gets beyond half a dozen people (collusion isn’t realistic) because the incentive to jump and grab the deal is too strong,” said Professor Jeroen Swinkels.

Poets & Quants

Your Lack of Experience Could Be Just What A Startup Needs – 04/28/17
Article by Professor David Schonthal explains how having a non-traditional background is not a deal breaker for entering a new professional field, especially at a startup. He notes that you must possess valuable skills without spinning yourself to look like a better fit than you actually are.

Reuters

Amazon’s moves beyond retail get Wall Street thumbs up, for now – 04/28/17
Although Amazon recently hit an all-time high in sales, there is growing concern that investors may start viewing the company more like a conglomerate, due to its ventures extending far beyond online retail. “High growth covers a lot of sins. Picture yourself running the company where one minute we’re talking about how we’re going to operate air cargo, and the next minute we’re going to talk about artificial intelligence. I don’t think it’s sustainable,” said Professor Harry Kraemer. CNBC.com, Business Insider, and The New York Times also picked up the article.

Chicago Tribune

The docs next door: What to expect when your neighbor is a hospital – 04/26/17
Article explores both the positive and negative consequences of Elmhurst Hospital—a new major medical center—opening up in a quiet residential neighborhood. Professor Effi Benmelech discusses how hospitals can be valuable neighbors “not necessarily for someone who lives next door, but for the overall neighborhood.”

Forbes

Why is The Trump Administration Faking A Trade War With Canada? – 04/26/17
Article by Adjunct Professor Phil Levy discusses how the Trump Administration is handling softwood lumber trade with Canada, emphasizing that Trump’s decision to impose a 20% tax on Canadian softwood lumber makes it seem like the U.S. and Canada are engaged in a trade war, which could lead to one actually happening.

Forbes

To Spur Innovation, U.S. Colleges And Companies Must Collaborate Better – 04/25/17
Article by Adjunct Professor Harold L. Sirkin discusses how corporations and universities must improve their relationship and work together in meaningful ways to create innovative new products and processes.

Vox

Republicans’ new health amendment lets insurers charge sick people more, cover less – 04/25/17
Article discusses how leaders of the staunchly conservative Freedom Caucus have reportedly endorsed the new amendment to the healthcare bill, but this amendment also would doesn’t do much at all to assuage concerns about the older proposals. “It’s pretty frustrating to see they’ve [the Republicans] worked so hard to come up with another Rube Goldberg–type solution,” says Professor Craig Garthwaite.

Business Insider

Starbucks is entering a new era — and 4 jokes reveal the biggest problems haunting its business – 04/23/17
Article explores how consumers perceive the Starbucks brand by examining long-held jokes about the coffee chain, emphasizing that the company needs to figure out how it can appeal to everyone, especially with plans to open 10,000 more locations in five years. “Starbucks was an affordable way to get luxury,” said Professor Craig Garthwaite.