Trust But Verify: Reference Checks You Skip Are Ones You'll Regret – 07/06/18
Article by Adjunct Lecturer Jeff Hyman discusses the potential consequences of skipping on verifying employer references, sharing a true story about a job candidate who performed very well in interviews, but had been terminated from his previous job for ethical violations, something he would never have known had he not checked references. He goes on to outline the correct way to handle references, which will yield the best results.
Crain's Chicago Business
O’Hare’s air-cargo business flying high – 06/29/18
Article discusses the rate of growth in O’Hare airport’s cargo shipments, which, despite a recent slowdown, still has the sixth-fastest growth rate in cargo. Quotes Adjunct Professor Phil Levy, who says that the tariffs on steel and other things will impact the success of the company.
Can We Avoid A China Trade War? – 06/28/18
Article by Adjunct Professor Phil Levy discusses the possibility of a trade war with China due to Trump’s unconventional proposed tariffs and suggests several possibilities to defuse the situation, including concessions by China, intervention by Congress, and concessions by the Trump administration.
Amazon just made an eye-popping play to disrupt drug stores – 06/28/18
Article discusses Amazon’s announcement that they are buying Pillpack, an online pharmacy start-up, causing shares for Walgreens, CVS, and Rite Aid to lose $11 billion in value. Quotes Professor Craig Garthwaite, who says that their strategy of buying a smaller company that has already done all the work sidesteps the complexity of getting licenses in every state and streamlines the process. Professor Garthwaite also discussed this topic on KCRW Radio.
RXBAR, JFK And How To Win The Hard Way – 06/27/18
Article by Adjunct Lecturer Paul Earle gives an account of entrepreneur Peter Rahal’s journey to success. The creator of the RXBAR spoke about the challenges he and his team faced, including doubt from others and the already crowded market, and the article goes on to pull three important messages from Rahal’s success story.
How Bad Would A Global Trade War Be? – 06/20/18
Article by Adjunct Professor Phil Levy examines how it's possible to come up with a manageably small estimate of the damage a trade war might have, but there is little cause for confidence in such estimates. There is a strong reason trade economists strongly warn against blundering into a trade war that goes beyond our forecasting abilities.
When The Hiring Manager Becomes The Firing Manager – 06/20/18
Article by Adjunct Lecturer Jeff Hyman discusses how best to go about firing an employee whose performance has been substandard. He suggests that it is important to notice the signs of failure early on and evaluate the employee’s chances for success, as well as to develop a good method of evaluating potential hires in the first place.