The Business School Broadcast - 2nd March 2018

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In this week’s Business School Broadcast we take a look at a new business school discipline that aims to drive a fresh approach to the challenges facing government, business and society, find out which news outlets are the most influential and ask if you are ever too old to gain your MBA?

Which news outlets have the most power?

Latest Columbia Business School research of 18 countries shows TV remains the most dominate and influential source; Fox News, CNN, and MSNBC/NBC deemed “most powerful”

Amid the increased prevalence of disinformation in recent elections, there is a growing focus on news sources and the information they provide. In many countries, a number of sources produce high-quality, fact-based information and make it available on the internet at zero or low cost. However, is this information actually consumed? If not, where do people get their news?

With television networks continuing to dominate as a news source, the researchers believe regulators should continue to closely monitor large television organizations and consider collecting much more in-depth information about where citizens get their news.

New Business School Discipline at “intersection” of strategy, innovation and entrepreneurship

The University of Sydney Business School has launched a ground breaking Discipline of Strategy, Innovation and Entrepreneurship, which will “generate transformative knowledge, stimulate imagination and drive a fresh approach to the challenges facing government, business and society”.

“The new Discipline will provide Business School students with the skills to flourish in an increasingly complex marketplace and enable academics and industry partners to undertake research with faculties and research centres across the University,” said the School’s Dean Professor Greg Whitwell.

Professor Leanne Cutcher, who will head the new Discipline, describes it as a “collaborative group at the intersection of strategy, innovation and entrepreneurship which will produce practical, actionable knowledge”.

It's never too late: 72-year-old earns MBA

Why settle for the ceiling when the sky can be your limit? Winnie Ingram doesn’t believe in putting limits on herself, especially when it comes to her age and education.

On Dec. 9, Ingram fulfilled a life-long dream, receiving her Master of Business Administration from Bethel University, at 72 years young.

“The way I feel about it, age is just a number,” she said. “You can do whatever you want to do. Just go on and do it.”

By finally continuing her education, Ingram not only helped herself, but probably the next couple generations in her family, as they will follow in her footsteps, Bethel University President Walter Butler said.

It’s already had an impact on her son, Earl, who earned his MBA six months before her.

“She is, kind of, the cream of the crop in some ways,” Butler said.

Aberdeen Business School joins elite group of business schools around the world to be accredited by global body

Aberdeen Business School has been accredited by AACSB International - the Association to Advance Collegiate Schools of Business (AACSB), the longest-serving global accrediting body for business schools, and the largest business education network connecting students, educators and businesses worldwide. AACSB Accreditation inspires new ways of thinking within business education globally and as a result, has only been earned by less than 5% of the world’s business schools.

RGU's Aberdeen Business School is one of only four institutions in Scotland to hold AACSB accreditation, as well as one of only 810 universities across 53 countries.

Harvard Business School celebrates black alumni

Harvard Business School will honor the accomplishments of black alumni this spring to celebrate the 50th anniversary of the founding of the school's African-American Student Union.

The AASU50 celebration—a joint effort between the AASU and the HBS Leadership Initiative—kicked off with the opening of an exhibit showcasing experiences and achievements of black alumni at Baker Library Friday. It will culminate with a conference in mid-April.

AASU50 Project Director Taran Swan said members of the Leadership Initiative have spent two and a half years planning the celebration, which will include an academic symposium on African American leadership in March.

Why technology is the bright future for business schools

The five most valuable companies in the U.S. are all tech firms. At the end of February 2018, Apple, Google, Microsoft, Amazon and Facebook have a combined market capitalization of over $365 billion. In the last five years they have edged out ExxonMobil, Berkshire Hathaway and General Electric, and Technology has overtaken Financials to become the largest sector in terms of market cap.

Little wonder then that business schools and their MBA students are forging ever-closer ties to the tech industry. Amazon, Google and Microsoft are among the tech firms hiring in significant numbers at the top schools. At Duke Fuqua, alma mater of Apple CEO Tim Cook, the top 10 recruiters were either tech firms or management consultancies. 20% of the Harvard MBA Class of 2018 secured internships with tech companies, and a record 25% of Northwestern’s Kellogg MBAs accepted positions in the technology industry in 2017.

New LBS research challenges the common view that property is more lucrative

Investors and financial experts who believe that residential property provides better returns than shares have been challenged by new London Business School (LBS) research.

Elroy Dimson and Paul Marsh, Emeritus Professors of Finance at LBS, and the School’s Dr Mike Staunton have dispelled the idea that houses are more lucrative and pose fewer risks than shares.

Their 2018 Credit Suisse Global Investment Returns Yearbook shows that since 1900, residential property has generated a -2% quality-adjusted real capital gain. The report also reveals a 36% real terms drop in US house prices between 2005 and 2012.

The research covers the long-run returns and risks of equity and fixed interest investments on 23 national stock and bond markets between 1900 and the present day.

It’s Spring Break and Michigan Ross students are helping to rebuild Puerto Rico and strengthen healthcare services in Rwanda

From helping rebuild Puerto Rico to working with Alphabet in London, Ross students are making the most of their week off.

Check out eight Ross projects taking place around the world right now, and follow Michigan Ross on Instagram to see updates directly from students on several of the projects throughout the week.