Kellogg in the News

Chicago Tribune

Should you buy a home in 2017? Here’s what 3 experts say – 05/24/17
Article offers advice from a financial planner, a real estate broker, and Professor Charles Nathanson about purchasing a home in 2017; although there are caveats, all three say that if you’re financially stable, it’s best to make a purchase before the year is over. “Historically, when prices have been rising in, say, the previous year, they usually continue to rise at least for the next year, about maybe 70 percent as much as they did the previous year, on average,” said Nathanson.

CNBC.com

CBO’s report card on Obamacare repeal bill could add more fuel to health-care debate – 05/24/17
Article explores the Obamacare repeal bill, noting that previous versions of the bill were expected to result in 24 million more people being uninsured, and that the House may have to re-vote on the GOP bill if the new Congressional Budget Office report does not show large enough budget savings. The article includes an interview with Professor Craig Garthwaite, who does not expect the new report to significantly impact the debate over the bill.

Financial Times

The academics who study the secrets of work – 05/24/17
Article asks five leading business school professors who specialize in researching the world of work to nominate the academic peers with the most innovative and original research on the professional future. Wharton professor Adam Grant nominates Professor Nicole Stephens for her work on the impact of students’ social background at universities and socio-economy diversity in the workplace.

The Wall Street Journal

The Morning Risk Report: Stock Options Flagged as Superior Long-Term Incentive – 05/24/17
Article discusses research by Professor David Matsa that suggests the awarding of stock options may compare favorably with restricted stock. The research indicates that options-based compensation gives managers greater incentive to make risky decisions that could potentially lead to higher corporate returns.

Chicago Tribune

Meet the Kellogg MBA students whose RompHim broke the Internet – 05/23/17
Article features a Q&A with ACED Design, the team of Kellogg students behind the RompHim romper for men. The group’s Kickstarter campaign was created for its pastel-colored, one-piece shorts outfit for men and quickly went viral, garnering posts on late-night talk show mentions and a “Saturday Night Live” Weekend Update segment. The team of four students includes Chip Longenecker, Elaine Chen, Alex Neumann, and Daniel Webster-Clark.

Harvard Business Review

Research: How You Feel About Individualism Is Influenced by Your Social Class – 05/22/17
Article co-authored by Professor Nicole Stephens discusses her research on agency and social class. The ongoing body of research demonstrates that individuals from working-class backgrounds tend to understand themselves as interdependent with and highly connected to others, while people from middle and upper class contexts tend to understand themselves as independent and separate from others.

LinkedIn

Leadership through service: Three key lessons from Kellogg Board Fellows – 05/22/17
Article written by Mike Resman '17 about his time serving on the board of The Night Ministry, as part of the KBF Program.

The Washington Post

How to be a better networker for people who hate networking – 05/22/17
Article offers tips for becoming an effective networker, such as making the time and the budget, joining social groups, always following up, and always saying thank you. The article cites Professor Brian Uzzi’s research on “superconnectors,” or one’s friends who are the most socially connected. Reaching out to these “superfriends” is helpful for network expansion.

Fortune

The Next Market Amazon Could Take Over – 05/18/17
Article by Professor Harry Kraemer discusses how expanding into pharmaceutical distribution would be a logical move for Amazon, as the company seeks to continue growing and leveraging its enormous distribution network.

Fortune

Here Are 2 Ways You Can Convince Your Boss That You Deserve a Raise – 05/17/17
Article by Adjunct Lecturer Mark Achler discusses two ways that startup employees can approach their bosses to negotiate a raise. He explains that communicating need for financial assistance is crucial, as well as demonstrating improved performance at your annual or six-month review.

Forbes

Congress Steps In On Trade – 05/16/17
Article by Adjunct Professor Phil Levy discusses how, in light of President Trump’s trade philosophy and management style, Congress has begun to take back the reins when it comes to trade policy. This runs contrary to the way Congress has dealt with trade in the past, as Congress has historically tried to yield some of its constitutional power to the executive.

Harvard Business Review

Overcome Resistance to Change with Two Conversations – 05/16/17
Article co-authored by Dean Sally Blount and Professor Shana Carroll identifies sources of resistance in organizations and lays out a number of ground rules for talking with the resistors. Blount and Carroll explain that effective dialogue with resistors typically requires at least two conversations; in the first, you listen and identify the cause of the resistance, and in the second, you articulate what will be different in your approach to the change and explain why.

Business Insider

5 business school professors share their best tips to successfully start a company – 05/15/17
Article originally published on Kellogg Insight provides five insights from Kellogg faculty regarding what it takes to get a company up and running, including Professors Ben Jones, Scott Baker and David Schonthal as well as Adjunct Lecturers Sean Johnson and Gabe Vehovsky. Insights include being wary of angel investors, fine-tuning the user experience, and finding the right partner.

Fortune

How Unilever Risked Too Much on Dove to Appeal to Women – 05/15/17
Article by Adjunct Lecturer Paul Earle explores the backlash that Unilever received due to its new line of Dove Body Wash bottles in the U.K. that are designed to mimic different female body types. He praises the company for taking a risk, but emphasizes the need for the creation of new brands. Earle’s corporate innovation and new ventures class is mentioned as well.

Fortune

Why Tesla Could Become the Next Apple – 05/13/17
Article by Professor Mohanbir Sawhney explains why Tesla has the potential to become as valuable as Apple. Sawhney notes that in order for Tesla to become the next Apple, it will need the “Steve Jobs” approach to marketing in addition to efficient manufacturing.

Business Insider

A business school professor says your ‘movie trailer’ is a critical part of being a great networker – 05/12/17
Article originally published on Kellogg Insight discusses tips from Clinical Professor Craig Wortmann on how to transform professional situations into opportunities by being prepared for networking conversations. Wortmann suggests that you prepare a “movie trailer of you”—a concise and compelling response to “what do you do?”—to help people connect to you and your motivations.

Harvard Business Review

Recessions Push People to Buy Cheap Things, Which Just Makes Everything Worse – 05/12/17
Article by Professor Sergio Rebelo examines how consumer behavior is contributing to deeper recessions and slower recoveries. It seems that during economic downturns, consumers reduce the quality of the goods and services they consume. This negatively impacts the economy on a grand scale because goods and services of lower quality are produced with less labor than those of higher quality; so overall, the demand for American labor is reduced.

Chicago Tribune

Who needs brainstorming? Brainwriting gets way more ideas, this prof says – 05/11/17
Article features a Q&A with Professor Leigh Thompson about techniques that are scientifically proven to extract higher-quality creative thinking from people. Thompson explains that brainwriting, which involves writing down ideas individually, is much more effective than brainstorming.

Forbes

Reality Check On Starting Pay – 05/11/17
Article by Adjunct Professor Harold Sirkin discusses The Class of 2017 Job Outlook Report published recently by iCIMS Inc., a talent recruitment software company. Sirkin explores why many graduating seniors’ salary expectations are unrealistically high.

Marketplace

With sales falling, Whole Foods replaces nearly half its board members – 05/11/17
Article discusses Whole Foods’ decision to appoint a new chairwoman and replace five of its board members amid falling sales and pressure from key investors to turn the company around. According to Professor Nicholas Pearce, board members generally do big-picture, strategic thinking, “so this could be repositioning the brand. It could be re-envisioning how Whole Foods thinks of itself.”