Professor Rosa Oppenheim's degrees are fighting for space on her wall.
The B.S. (from Polytechnic University) in chemical engineering once sat alone on a white canvas. It was soon joined by an M.S. (Polytechnic) in operations research, and they coexisted peacefully until the operations research Ph.D. (Polytechnic) shoved them to the side. Then came the M.A. in English, soon to be squished by an M.A. in liberal studies, both from Rutgers University–Newark (RU–N).
It’s time for a new wall.
Oppenheim's May 2015 M.A. is the latest milestone in her journey of lifelong learning. In 1973, she joined RU–N as an assistant professor, shortly after earning her Ph.D. After a few years, she decided to continue her education.
"When I first got tenure at Rutgers back in 1980, I rewarded myself by starting a master's program in English. I have an engineering background and all of my undergraduate work was very technical, there was no room for electives in the arts and humanities,” she said. “I always had a great interest in those areas and wanted to take advantage of the opportunity here at Rutgers.”
Rutgers University–Newark (RU-N) has announced more than $4 million in seed grants under the Chancellor’s Seed Grant Program, which is more than double the $2 million projected in the competition’s original request for proposals. Designed to cultivate sustainable projects that advance the priorities articulated in the university’s strategic plan, Rutgers University–Newark: Where Opportunity Meets Excellence, the competition yielded more than 50 individual awards to schools, institutes, centers, and administrative offices ranging from $12,000 to $125,000.
“We were thrilled with the overwhelming response to the request for proposals,” said Chancellor Nancy Cantor. “With the quality of proposals being so high overall and the volume so remarkably large, we knew we should shift gears and invest as much as we possibly could in this first year of the competition to build even greater momentum in implementing our strategic plan.”
A standing Strategic Seed Grant Committee comprised of faculty, staff, and students facilitated the selection process.
The Strategic Seed Grant Committee includes: Anne Englot, professor in the Department of Arts, Culture and Media of the Faculty of Arts and Sciences (FASN); Lindsey McDougle, assistant professor at the School of Public Affairs and Administration (SPAA); Lyra Monteiro, assistant professor in the Department of History and the Graduate Program in American Studies of FASN; Natalia Morisseau, director of the Office of Financial Aid; Rosa Oppenheim, professor and chair of the Department of Supply Chain Management and Marketing Sciences at Rutgers Business School (RBS); Andres Rengifo, associate professor and director of the MA Program at the School of Criminal Justice; Lyneir Richardson, executive director of The Center for Urban Entrepreneurship and Economic Development at RBS; Shana Russell, doctoral candidate in American Studies; Jongmin Shon, assistant professor at SPAA; Michael Simmons, program manager at the Joseph C. Cornwall Center for Metropolitan Studies; Lee Slater, professor and chair of the Department of Earth and Environmental Sciences of FASN; and Jennie Valverde, clinical professor at the School of Law.
These days, a lot of people are going back to school. If you’re in business, maybe in middle management, what you’ve heard is true – the best way for you to advance is an MBA. Workers with an MBA make much more than those without, get to higher positions, and have more job security.
The Rutgers Business School MBA, from Rutgers University, has the distinction of being named the best public MBA in the NYC region by U.S. News & World Report, and there’s something very important in that statement: the New York City region. If one of the main objectives of an MBA program is to provide connections to the business world – and it is – the New York City region may be the single most important area. Students can choose a traditional full-time MBA with many concentrations, including Analytics and Information Management, Pharmaceutical Management, and Global Business, or the Flex MBA (formerly part-time), for working professionals who wish to earn a degree while keeping their current job. Rutgers’ superior career services, with strategic partnerships with major businesses in New York and New Jersey, help ensure that students will graduate considering their degree well worth the investment – with a high-paying, satisfying career as the return.
There is a need for talent at the top, as supply chains become departments with senior-level management, according to Eugene Spiegle, vice chair of the supply chain management department at Rutgers Business School.
These departments are a way to “sustain competitiveness and manage the fast-paced changes caused by both global markets and changing consumer demands”, he said.
Allergy experts are warning of a "pollen tsunami," adding to the downside of Spring for the roughly 50 million Americans with nasal allergies.
One of the biggest pollen hot zones in the country spans the Northeast and there are indications it won't let up anytime soon, reports CBS News correspondent Jericka Duncan.
Blooming flowers and budding branches mean Spring is in the air -- and so is the pollen. It's everywhere, collecting in thick clumps on the ground and coating cars.
Dr. Clifford Bassett, medical director of allergy and asthma care of New York, said there's so much pollen, even people who have never had allergies are suffering.
A Rutgers researcher (Kevin Lyons) says climate change is causing allergy seasons to start earlier and last longer and that by 2040, pollen counts will be more than twice the levels they were in 2000.
You have a spot to fill on a team. Two qualified candidates come to mind. One is bright and gregarious—she radiates energy and is well-liked around the office. The other is quiet and nervous—he has a reputation for being obsessive and can be off-putting. It’s a no-brainer, right? The extrovert will shine; the neurotic will shrink.
Think again, says Corinne Bendersky, associate professor of management and organizations at UCLA’s Anderson School of Management. She believes that the assumptions people make and the expectations they have about how much value colleagues with different personality types will bring to a group are usually wrong.
Bendersky considered the influence of personality type on these perceptions, with a focus on the two dimensions of the Big Five traits that previous research has shown are most strongly associated with status in groups: extroversion and neuroticism (she controlled for the other traits, which are agreeableness, conscientiousness and openness to experience). As interdependent work unfolds, she finds, extroverts lose stature and neurotics gain stature.
Whole Foods Market’s new Wall location will still be Whole Foods, a spokesman said today after the conspiracy theorists here in the APP’s business department wondered if it would be part of its new, millennial friendly concept.
The Austin, Texas-based grocer made headlines this week when it announced it would launch a new, yet unnamed store to reach out to the generation.
Included in its announcement were buzzwords that likely will appeal to millennials: “convenient,” “transparent,” “values-oriented,” “innovative” and, perhaps most of all, “great prices.”
Millennials, now in their 20s and 30s, are bringing sweeping changes to New Jersey, forcing the suburban state to reinvent itself for a generation that prefers living in cities.
Whole Foods’ announcement makes sense. The grocer often is referred to as “Whole Paycheck” because of its prices. The chain risks losing young customers to competitors like Trader Joe’s, whose brand is synonymous with inexpensive prices, said Marc Kalan, a professor at Rutgers Business School - Newark and New Brunswick.
Deep in student loan debt and still feeling the effects of the recession, “millennials don’t have a lot of disposable income,” Kalan said. But their shopping habits are being formed now; no company wants to assume they’ll gravitate there when they get older or get a raise.
Hackensack University Health Network officials were in discussions with CVS Health about expanding their partnership involving Minute Clinics when the moment came that assured Hackensack CEO Robert C. Garrett he had found the right partner:
CVS Health announced it was pulling all tobacco products from its stores.
“That was a real major consideration for us,” Garrett said. “If we’re going to talk the talk and walk the walk with population health and wellness and fitness and keeping the population healthy, we want to partner with an organization that really shares those beliefs.”
Garrett and Hackensack have made a number of partnerships with a variety of businesses and organizations in the past few years.
“We look at our partners’ values, their culture to make sure there’s a consistency with what we stand for,” he said. “Strategic interest and strategic objectives are really important when you look at these types of affiliations or mergers, but I think the most important thing is cultural compatibility. It’s huge and it has to be foremost (in the discussion).”
Judy Young, the executive director of the institute, feels a cultural connection may be the most important consideration when reviewing a potential partner.
“It’s critically important when you are doing a merger and acquisition to do your due diligence beforehand,” she said. “If your values are not in synch, you are going to find that you are going to be a mismatch in every vein of business that you are trying to do with this organization. It’s critically important that you find out as much as you can about an organization’s values — not only what they have on the wall and what looks pretty, but what do they practice on a daily basis.”
The Harvard Law School Forum published an abstract by Mark HumpheryJenner, a Senior Lecturer at the University of New South Wales Business School, of a paper he coauthored with Suman Banerjee, Associate Professor in the Department of Economics and Finance at the University of Wyoming, and Vikram Nanda, Professor of Finance at Rutgers Business School. The paper, entitled “Restraining overconfident CEOs through improved governance: Evidence from the SarbanesOxley Act,” explores whether appropriate restraints on CEO discretion and the introduction of diverse viewpoints on the board serve to moderate the actions of overconfident CEOs and, in the end, benefit shareholders.”
John Buckley, global head of corporate social responsibility (CSR) at BNY Mellon, presented the first ever BNY Mellon Social Finance Prize to a team of Rutgers Business School MBA students at recent breakfast event at the NYC Yale Club for the Aspen Institute’s recent annual Business & Society International MBA Case Competition. Created in partnership with the Aspen Institute, the prize encourages innovation in social finance, a field that encompasses investment activities with both financial returns and significant social impact.
The Rutgers student team’s recommendation focused on further developing existing guidelines to provide financial services companies with a corporate responsibility metric to evaluate performance in emerging markets. The students will work with an organization to implement their recommendation, and BNY Mellon will direct $15,000 to the organization to improve social responsibility standards.
I was disappointed by the headline on The Star-Ledger's editorial page, "Barchi is mainly to blame for Rutgers' next tuition hike." The cost of college education is a difficult national issue, which should not be personalized. The issue is difficult because the cost is driven by widely shared and cherished goals. The decision to burden Rutgers with the unknown cost of its merger with UMDNJ, for example, was made in Trenton with broad public support before Robert Barchi came to Rutgers.
"If you think about what happens in a lot of urban areas, there is a premise that comes in within the political framework that if you are left-leaning you are socially conscious and you are generally against business and economic development, and if you are right-leaning, then you are a pure capitalist and you are against anything that is socially conscious," Jersey City Mayor Steven Fulop said to a chuckle in the room.
"We believe they are not mutually exclusive choices, that it is a false choice in many ways — that you can put in place policies that are socially conscious and partner with the private sector as well, to make sure that those are implemented in a positive way and at the same time put policies in place that drive the very, very strong local economy."
Carl Goldberg knows it takes stability and support from a local government to bring a development project to the finish line — and he has a walking, talking case study named Richard Turner.
“(Turner) has been mayor of the township of Weehawken since 1990,” Goldberg said. “And since 1990, he has had a vision for what the redevelopment of the Hudson River waterfront would look like and what — most importantly — it would not only mean to the new people that move to Weehawken, but … to the current residents of the township of Weehawken who had been there for many, many decades.”
That staying power helped drive a partnership with Goldberg’s former firm, Roseland Property Co., as it has transformed the northern Hudson waterfront in recent years. And that partnership was on display Friday at the inaugural conference hosted by the Rutgers Business School Center for Real Estate.
The Newark Community Economic Development Corporation (CEDC) – a city-run agency focused on economic development – is an example of Newark's renewed focus on growing business opportunity, said Otis Rolley, CEDC President and CEO.
The CEDC launched last year to replace the Brick City Development Corporation, which was previously cited for issues with its loan program.
"Newark CEDC has been revamped, restaffed, and reinvigorated and is poised to help retain, attract and grow business big and small throughout Newark," he said.
"We have $2 billion in our development pipeline."
And, city government workers aren't the only ones pulling for an economic renaissance in the state's largest city. The Center for Urban Entrepreneurship and Economic Development (CUEED) at Rutgers Business School has been working to foster small business growth in Newark and other urban areas across the state for the past seven years.
According to Lyneir Richardson, CUEED's executive director, about one-third of the 180 businesses the center has worked with are in Newark. Over the past five years, 80 percent of the small businesses the center has worked with are still open, and together they have hired 181 new employees in the city, he said.
"Part of the challenge of Newark is...communicating (to the masses) the good things that are happening here," Richardson said. "Walk around Newark for half a day and you can see the opportunity, (and how you) can be part of this story of revitalization. It's a comeback city."
The institute anticipated over 200 conference attendees, including speakers from Johnson & Johnson and the Hackensack University Health Network.
"We see evidence in the news every day that ethical leadership is needed more than ever," Judy Young, the executive director of the Rutgers Institute for Ethical Leadership, told PR Newswire. "Our diverse programs provide several options to instill in leaders a deeper understanding of the correlation between ethical decisions and their organization's success."
The legal careers of two Orange County supervisors and whether they intersect with their public duties are raising questions among good government and ethics experts.
Supervisors Todd Spitzer and Shawn Nelson are both prominent local attorneys, and each report substantial income from their law firms on state-mandated disclosure forms. Spitzer has reported receiving up to $100,000 annually since he took office in January 2013, and Nelson more than $100,000 in each year since he become supervisor in 2010.
But beyond that, very little is publicly known about who their clients are, or more specifically, how their income is generated.
In large measure, these unknowns are due to the scope of the state's disclosure requirements. Elected officials in California who are also attorneys are generally required to list clients who paid their law practice at least $10,000 per year, if they’re the sole owner of the practice. The dollar threshold is higher if they just have a partial ownership stake in the firm.
There are concerns that go beyond specific questions of reported income and/or ownership.
In Nelson’s case, a recent advertisement for Rizio & Nelson featured Nelson prominently, listing him as “of counsel” to the firm and his title as a county supervisor.
A leading government ethics expert says that while elected officials shouldn’t be penalized for “maximizing their honest income,” the ad doesn’t seem to pass the “sniff test.”
“At a certain point it’s just a matter of good form, or good taste,” said James Abruzzo, co-director of the Institute of Ethical Leadership at Rutgers Business School. “There are certain things that just don’t pass the sniff test, and I think that this just might be one of them.”
Richard Sung Kang's American dream came crashing down in a shower of broken glass.
His West Baltimore liquor store and bar, the Oxford Tavern, was hit by looters during a riot over the police-involved death of neighborhood resident Freddie Gray.
The business wasn't torched like the nearby CVS pharmacy, but its doors and windows were broken and cash and inventory stolen, leaving shelves bare.
Now the 49-year-old South Korean immigrant must decide whether to reopen. If so, it could mean taking on more debt and paying higher insurance premiums.
Even companies that can rebuild face challenges. When a business is closed for an extended period, customers seek alternatives and may not return, said Jeffrey Robinson, a professor of entrepreneurship at Rutgers Business School.
China’s growth story to date has been fueled by manufacturing, exports, buying sovereign debt and sourcing commodities, according to analysts and academics who track Chinese trends closely.
But now, they agree, China is seguing from an industrial economy that builds and staffs factories and infrastructure to a consumer-based economy. That transition explains the slowdown in China’s growth rate – from an unsustainable near-10 percent at its peak to a mature-but-not-staid rate of 5 percent to 6 percent annually, analysts say.
In the U.S., about 70 percent of the gross domestic product is driven by consumers. In China, consumer spending accounts for about 40 percent of GDP, explains John Longo, finance professor at Rutgers Business School. “The losers are exporters of raw materials,” Longo says. “But the winners are U.S. companies that sell to the Chinese consumer.”
The Pope, the Poor and God’s Intent (requires login)
In many poor countries much of those future generations may not be around because the earlier ones died off because of a lack of energy.
April 28, 2015
Regarding William McGurn’s “The Pope, the Poor and Climate Change” (requires login, Main Street, April 21): In a country like India, around 350 million people (more than the population of the U.S.) go to bed early because there is no light, often miss meals because there is no food, and huddle together in huts because there is no heat. What they need desperately now and not in the future is energy, and in the cheapest form available, which happens to be coal.
When the greens, and now possibly the pope, preach about the effect of climate change on future generations, which future generations are they talking about? In many poor countries much of those future generations may not be around because the earlier ones died because of a lack of energy. One has to wonder who holds the moral high ground here.
The news agency Reuters first reported that the consulting firm which employs Gov. Chris Christie’s brother, Todd, has won three state contracts since Todd started working for it two years ago. Others followed, some asking: Is there anything ethically or legally wrong with that?
"Todd Christie has a right to pursue a livelihood, even within the geographic area that his brother casts a large shadow on," Michael Santoro, a professor at the Rutgers Business School, told Bill Hangley of NewsWorks. Santoro said his initial look at the details of the story suggests that the state's code of ethics wasn't violated.
The governor should have disclosed the family connection when the contract was approved, Santoro said, instead of waiting for the media to find out about it.
Over a week ago, the Etsy community expanded when the company went public. Shares opened strong in the initial public offering — nearly doubling from $16 to $30 by the end of the trading day, and peaking at more than $35. But, prices have since fluctuated.
“That’s the thing you have to understand about an IPO,” says Rutgers Business School Assistant Professor Arthur Guarino, who teaches finance and economics courses. “There might be an initial energy about it, enthusiasm about it, but then after a while it just tends to trail off… It’ll level off, as far as a certain price. But whoever had the stock initially when it went public at $16 … they’re still making money.”
If you are a leader in the healthcare industry, you are most definitely going to encounter ethical dilemmas. The question is, will you handle it like an amateur, or like a pro? Judy Young, executive director of the Rutgers Business School Institute for Ethical Leadership, wants to make sure that you and your team are well trained to handle ethical matters.
Young has organized the Rutgers Institute for Ethical Leadership’s Conference on Ethical Leadership on Thursday, April 30, from 9 a.m. to 4 p.m. at the Hyatt Regency in New Brunswick. $200. For more information, visit www.business.rutgers.edu. Speakers and panelists at the conference include Jennifer Velez, former commissioner of the state Department of Human Services, and current vice president of strategy and planning at Barnabas Health; Robert C. Garrett, CEO of Hackensack University Health Network, and Michael Ullmann, general counsel for Johnson & Johnson.
Anyone with a mind for business has the same question about college: What’s the return on my investment?
Economists generally agree that a college degree pays off, but new research from PayScale has even better news for students planning on majoring in business: You don’t have to go to a pricey private school to reap the biggest return. In fact, you’re often better off at a state school.
PayScale calculates the expected “return” for colleges all around the country—how much more graduates earn over 20 years compared to high school grads, minus the total cost of school (everything from tuition to books) and the four years of income you give up while you’re studying.
The best return on investment for business majors? An education at the University of California-Berkeley (which overall ranks as the 13th best college value in MONEY’s Best Colleges list). Apparently the road to business success is lined with Birkenstocks.
And nine more public schools make the top 25 list: University of Virginia, University of North Carolina, Rutgers, University of Washington, UCLA, SUNY at Binghamton, Georgia Institute of Technology, University of California-San Diego, and Cal Poly.
The Rutgers Institute for Ethical Leadership announced today that three Rutgers MBA students won the inaugural BNY Mellon Social Finance Prize. Laavanya Shriram, Priya Shivkumar, and Irene Kaganman will also be honored during the Rutgers Institute for Ethical Leadership's annual Ethical Leadership Conference: Ethics in Healthcare, which takes place in New Brunswick on Thursday, April 30.
The BNY Mellon Social Finance Prize was a new addition this year to the annual Aspen Institute's Business & Society International MBA Case Competition. Created in partnership with the Aspen Institute, the prize encourages innovation in the field of social finance, which encompasses investment activities that include both financial returns and significant social impact. Teams submitting for the prize were asked to consider how to further the field of corporate responsibility measurement or reporting.
The Rutgers student team's recommendation focused on further developing existing guidelines to provide financial services companies with a corporate responsibility metric to evaluate performance in emerging markets. As winners of this year's BNY Mellon Social Finance Prize, the Rutgers student team will apply their insights to the real world by working with an organization to implement their recommendation. BNY Mellon will direct $15,000 to the organization to improve social responsibility standards. The students will also share a $2,500 honorarium awarded by the Aspen Institute.
"We are so proud of these future leaders, who will graduate with a true understanding of how to be socially responsible, and why it is so important," said Ann K. Buchholtz, PhD, research director at the Rutgers Institute for Ethical Leadership (IEL). "We work hard to provide our MBA students with the critical thinking and leadership skills they need to navigate today's ever changing world. We're grateful for opportunities like Aspen's International Case Competition and the BNY Mellon Social Finance Prize, where they can apply those skills to real-world scenarios and make an actual difference."
What others may see as a simple writing implement, Rutgers marketing major Alexis Levine sees as a powerful catalyst for social reform.
The newly minted club Levine and her roommate Jacqueline Atkinson founded is raising money to help fund schools and promote education in such far-flung locales as Ghana, Guatemala, Nicaragua and Laos.
While still a student at Bergen Academies High School in Hackensack, Levine came away from a 2012 Justin Bieber concert in New York’s Madison Square Garden impressed that the teen idol was donating $1 for each ticket sold to help the nonprofit known as Pencils of Promise.
The chapter, launched in the spring of 2014 at Rutgers-New Brunswick, started small, with about 20 students under the mentorship of Payal Sharma, assistant professor of management and global business at the business school.
Sharma, the club’s adviser, says she’s been impressed by her students’ initiative, and also by their spirit of generosity and entrepreneurship. “Students have a lot of choices about how to spend their limited time, and the fact that Jackie and Alexis have chosen such a meaningful activity speaks highly about their character,” she says.
New Jersey often gets a bad rap when it comes to ethics. Especially in the political realm, it seems public servants cross the line of integrity on a regular basis. But what about the business and health care sectors?
We all know how competitive both business and health care is today. Naturally, people are looking for advantages to set themselves apart and move ahead of the pack — and sometimes those advantages aren’t in full compliance with ethical practices; but it is a huge mistake to follow that temptation off of the ethical path. Because no matter how competitive the environment, it’s crucial to remember that when you make ethical choices, you’re safeguarding the most important advantage you have: your reputation.
On Friday, April 17, the Office of the Chancellor, Graduate School–Newark, and Honors College of the Faculty of Arts and Sciences–Newark will host Rutgers University–Newark’s third annual Research Day at the Paul Robeson Campus Center, 8:30 a.m. – 3:30 p.m. More than 80 participants will be onsite to explain and answer questions about their projects. New this year, the presentation of research of faculty, graduate students, and undergraduate students will be combined in one forum.
Plus-sized lingerie, a hat brand revolving around pineapples, homemade hot sauce and roasted garlic jam were only a few marketable commodities showcased at Rutgers Business School Friday afternoon.
New Jersey residents, Rutgers students and alumni shuffled inside two classrooms at Rutgers Business School at 1 Washington Park to pitch ideas and fulfill entrepreneurial dreams in the pursuit of being on the seventh season of CNBC’s “Shark Tank.”
“This is an opportunity for students throughout the campuses –– the time is like no other,” he said. “Students can actually go into entrepreneurship without as much capital, and really follow their dreams.”
The noise and commotion from nearly 100 people filled two classrooms at the Rutgers Business School building in Newark.
They weren't all students, but they were all New Jersey-based entrepreneurs — eager for the chance at landing an investor.
At the end of the fifth-floor hallway, four casting associates from ABC's “Shark Tank” were enjoying their last few minutes of quiet before each entrepreneur would get the chance to pitch a product in a one-on-one sitting.
Jasmine Cordero, managing director of the Center for Urban Entrepreneurship Economic Development at Rutgers, was there to make sure everything went as smoothly as possible.