In the Media

Retail Leader
Deerfield, IL
Thursday, June 15, 2017

Retail Leader

A new study from researchers Rudolf Leuschner and Sengun Yeniyurt at Rutgers Business School spotlights a major pain point in retailer and supplier relations: "The Rutgers Business School Payment Practices Index for the U.S. Retail Industry."

When retailers and suppliers talk about partnership and collaboration the focus tends to be on two areas: merchandising and marketing initiatives that drive sales or operational matters of making sure products are in the right place at the right time. Overlooked in these conversations is how and when retailers make — or don't make — payments to their trading partners.

To explore what is arguably the most important aspect of a retailer and supplier relationship, two professors with the Center for Market Advantage at Rutgers Business School surveyed 630 supplier company representatives knowledgeable about the procurement and payment practices of their retailing clients. 

The first-of-its-kind study was conducted by Rudolf Leuschner, an assistant professor in the Rutgers Business School department of supply chain management, and Sengun Yeniyurt, an associate professor in the school's marketing department.

Leuschner is the founding Co-Director of Rutgers' Master of Supply Chain Management program and the curriculum coordinator for the MBA program at Rutgers Business School. Yeniyurt also serves as the founding Co-Editor-in-Chief of Rutgers Business Review.

Full Article



Globe Newswire
Doylestown, PA
Wednesday, June 14, 2017

Globe NewsWire

Peter Marchesini, Chief Operating Officer of Alamo Pharma Services, will participate in CBI's sixth annual "Bio/Pharma Product Forecasting and Analytics Summit" taking place in Philadelphia on June 15 and 16, 2017. The focus of the summit is to help attendees improve forecasting to optimize revenue potential for pipeline and inline products.

Marchesini, along with Noetyx President and Chief Executive Officer Lenny Vicciardo, will be leading a discussion on "Building an Organizational Infrastructure Based on Long-Term Forecasts."

With more than 20 years' experience in the pharmaceutical industry, Marchesini specializes in helping companies define the smartest plans to effectively address opportunities as they arise to maximize the return on investment. 

Marchesini's expertise is further enhanced by his role on the faculty at Rutgers Business School, where he co-teaches the course Managing the Pharmaceutical Sales Organization, a core course of the Pharmaceutical MBA program.

Full Article



India Abroad
East Brunswick, NJ
Tuesday, June 13, 2017

India Abroad

Chhavi Verg has proven yet again that perseverance and determination are the keys to success. On May 14, Verg, 20, who won the Miss New Jersey title last October, became first runner-up in the Miss USA pageant, which was won by Miss D.C., Kara McCullough.

The Edison, New Jersey, woman's father, Ravi Verg, told India Abroad he believed the decision would make his daughter stronger and more determined. Verg herself concurred.

"Since I did well the first time without any coaching or experience, going in to the adult pageant, I thought: I've got this. I'll totally do well. And when I didn't, it shocked me," she said.

On May 14, Verg had several supporters, both at the venue at Mandalay Bay in Las Vegas and on social media.

On Twitter, many seemed to be rooting for Verg to take the title, especially after McCullough, a scientist, referred to healthcare as a privilege, not a right. When asked if she considers herself a feminist, McCullough said she doesn't like to use the word.

Verg, however, drew praise for her answer when she was asked if she considers herself a feminist. "Feminism is striving for equality and I do consider myself a feminist. I think it's a misconception when people believe that feminism is women being better than men. But it's really not. It's a fight for equality," she said.

At Rutgers Business School, Verg is studying marketing, is also a marketing assistant-director in the Rutgers University Programming Association, and is involved in Women BUILD, a group that helps prepare women leaders in business.

Full Article



Trenton Times
Trenton, NJ
Friday, June 9, 2017

NJ.com

A Novartis employee's lawsuit claiming discrimination has backfired badly, resulting in the court awarding the pharmaceutical giant nearly $2 million for fraud and legal fees.

It is unclear whether the pharmaceutical company will recover any of the money awarded by the court.

Sometimes corporations pursue a legal case even though it may not make sense economically, said two experts in business and law.

"They want to send a signal that you can't mess with us," said Michael Barnett, professor of Management and Global Business at Rutgers Business School. "You can't get away with attacking them."

Full Article



Live Mint
New Delhi, India
Thursday, June 8, 2017

Live Mint

News about the coming death of India's information technology (IT) services industry started to trickle in about five years ago. KPMG broke the news of "the death of outsourcing" in a white paper in July 2012.

Despite such prognostications, there is also optimism about the prospects of India's IT services industry for the coming decade.

However, not all firms will do well, or even survive, in the new, hyper-competitive global business environment. Only firms that continually upgrade their capabilities and offerings in line with emerging technologies and market imperatives can hope to survive and even prosper in this environment.

Vinod K. Jain is visiting associate professor at the Rutgers Business School, Newark and New Brunswick.

Full Article



Philadelphia, PA
Tuesday, June 6, 2017

The Philadelphia Citizen

Philadelphia can be a difficult city for anyone to do business in, with relentless waves of taxes, fees and regulations. Rates of African American ownership are particularly low: Only 2.4 percent of businesses in the Philadelphia area are black-owned, according to a recent Pew report—depriving neighborhoods of wealth, job opportunities and control of their economic destiny.

In an effort to increase support for black commerce, more than 280 businesses are taking part in the iBuyBlack discount card, offering price reductions, free gifts, and other perks to customers.  The program was launched in April by the Philadelphia Community of Leaders (PCOL), which sells the card for $10 on an iBuyBlack website. The directory of participating businesses includes restaurants, boutiques, realtors, law firms, construction companies and more, spread around the city and suburbs.

"Black-owned businesses are not on a level playing field," says Jerome D. Williams, Prudential Chair in Business as well as executive vice chancellor and provost at Rutgers University-Newark. "A lot of studies I've done show that black-owned businesses and black consumers are at a disadvantage in the marketplace."

Williams was part of a team that published research in 2014 showing that black small business owners have a disproportionately difficult time applying for loans. Other studies corroborate the challenges. A 2013 report by the Small Business Administration found that on average black- and Hispanic-owned businesses operate "with substantially less capital overall—both at startup and in subsequent years—relative to their non-minority counterparts." And Federal Reserve data from 2012 showed that minority business owners paid 32 percent higher interest rates on their loans than white business owners.

Full Article



WalletHub
Newark, NJ
Thursday, June 1, 2017

WalletHub

Business credit cards are great for earning rewards in important spending categories, such as office supplies and telecommunication services. They also provide helpful expense tracking features and allow you to give employees cards with custom spending limits. You'll even earn rewards on their purchases. 

Business credit cards are best for purchases that you will pay for in full by the end of the month. But they are not great financing vehicles because the Credit CARD Act only applies to consumer credit cards. As a result, small business credit cards are subject to arbitrary interest rate increases. This lack of debt stability is why we recommend using a 0% consumer credit card for your small business financing needs.

How important are credit cards to small business owners? 

Arturo E. Osorio, assistant professor of professional practice – entrepreneurship, Management & Global Business at Rutgers Business School said: "Credit cards are key to operate small businesses. As part of the everyday operations, credit cards are sources of short-term financing and emergency lines for small-unexpected events. When starting a business, credit cards are useful as a foot in the door to first stablish a relationship with a financial institution. They also serve, at this initial stage, as financial bridge for operational expenses. Small businesses can also use credit cards, through financial discipline, as a record keeper of transactions including administrative expenses.

Full Article



tickertech.com
Newark and New Brunswick, NJ
Thursday, May 25, 2017

tickertech

Two specialty masters elevate Rutgers Business School to No. 12 in the nation for online graduate business programs according to the latest U.S. News & World Report ranking.

A Master of Accountancy in Governmental Accounting and a Master of Science in Supply Chain Management combined to earn Rutgers Business School the No. 12 spot among the nation's online graduate business programs.

Against its peers in the Big Ten, Rutgers Business School was No. 3 on U.S. News & World Report's annual list of best online graduate business programs, behind Indiana University's Kelley School of Business and Penn State University's World Campus.

Rutgers moved up two places over last year, according to the ranking by U.S. News & World Report.

The first-of-its-kind online Master of Accountancy in Governmental Accounting program at Rutgers ranked No. 2 among all of the online graduate accounting programs surveyed by U.S. News & World Report. Villanova University holds the No. 1 spot, according to the ranking.

The Rutgers online Master of Science in Supply Chain Management ranked No. 6.

Learn more about the online masters programs at a Graduate Admissions Information Session at Rutgers Business School in Newark on Monday, June 5.



NBC News
Newark, NJ
Thursday, May 25, 2017

NBC News

A crowdfunded start-up is hoping to provide an answer to a transportation problem in refugee communities in Pakistan when it comes to accessible, reliable, and affordable means of getting around.

Unsafe bus in Orangi Town"People view transportation as luxury item when it comes to refugees, but it's actually a necessity," Gia Farooqi, co-founder of Roshni Rides, told NBC News. "Everyone needs to go to school, markets, and hospitals."

Roshni Rides, started by Pakistani Americans Farooqi, Hanaa Lakhani, Moneeb Mian, and Hasan Usmani, is a sustainable bus and transportation start-up aimed at easing the lives of refugees in Orangi Town, an informal settlement in Karachi, Pakistan. The four founders, who won the Hult Prize earlier this year, share a business background from Rutgers Business School, and said that starting Roshni Rides provided a business opportunity for them to help a community they care deeply about.

Full Article



Thrive Global
Newark, NJ
Thursday, May 25, 2017

Thrive Global

Connectedness brings so many joys. There's the joy of reconnecting with an old friend, or sharing pictures of special moments with people far away, or the ability to build or join a new community quickly and easily.

In addition to the joy, there's also the relief that comes with the conveniences that connectedness affords. Being able to leave work at a reasonable time while knowing that the last few critical messages can be sent out later from home, dropping a text to a spouse without needing to interrupt anyone with a ringing phone, or having a videoconference call via computer with colleagues scattered around the globe (and still being home for dinner) are all examples of the efficiencies brought about by networked technology in our lives.

While we may take these for granted for the most part in our daily lives, the truth is that connectedness now drives much of our interaction throughout our days and weeks, culminating in the better part of our waking hours being driven by relatively new forms of technology.

Distracted: Staying Connected without Losing FocusOf course, with all of the benefits come burdens. Being connected to the office from home feels like a miracle until you realize that your colleagues now count on you to answer every request or comment on every message clear around the clock, and your work time swells while your time with your family shrinks.

Enter the new era of relationship overload, where it begins to feel like everyone you've ever met wants a piece of your attention through a nonstop fire-hose of requests.

Terri R. Kurtzberg, PhD is an associate professor of management and global business at Rutgers Business School, Newark and New Brunswick, NJ.
Jennifer L. Gibbs, PhD is Professor of Communication at University of California, Santa Barbara. They are the co-authors of Distracted: Staying Connected without Losing Focus (ABC-CLIO, Incorporated, April 2017)

Full Blog Post



NBC12
Newark, NJ
Wednesday, May 24, 2017

NBC 12

The MBA in Professional Accounting at Rutgers Business School equips students with skills to make career transition in just 14 months

Sott Lissner had reached a dead end.

After earning a degree in history from Muhlenberg College, he started teaching physical education at a charter school in Newark. It was supposed to be temporary, giving him some experience until he realized his ambition of being a social studies teacher.

Four years later, he was still teaching gym.

"I realized if I didn't do something, I was going to be stuck," Lissner said. With a wedding in the works and a search underway for a new home, Lissner started considering some options, including returning to graduate school to learn some new skills.

After speaking with program director Alex Sannella, Lissner said he felt an MBA in Professional Accounting from Rutgers Business School would give him the ability to forge an interesting career. His father is an accountant so it was a career he had contemplated in the past.

"I wanted to change careers, but I didn't want to be in school for years," the 27-year-old said. "I liked the idea that the MBA in Professional Accounting Program was 14-months long, and that it was designed for people who didn't have a business background."

Find out more about the MBA in Professional Accounting during a Graduate Admissions Information Session in Newark on June 5.

Full Article



WalletHub
Newark, NJ
Monday, May 22, 2017

WalletHub

Ask the Experts: Making The Most Of Memorial Day

To learn more about how people can navigate Memorial Day's commercial opportunities and pitfalls, we posed the following questions to a group of leading personal finance and retail experts. 

  1. What is the best way to honor the memory of our fallen countrymen this Memorial Day?
  2. Do you believe Memorial Day has become too commercialized?
  3. What types of bargains should shoppers be looking out for this Memorial Day?
  4. What money saving tips do you have for people planning to travel on Memorial Day?

Do you believe Memorial Day has become too commercialized?
Ashwani Monga, professor and chair of the marketing department at Rutgers Business School

This Memorial Day, people are more likely to think about what to buy than to think about those who laid their lives for the country. This commercialization of Memorial Day is no different from the fate of so many other occasions that were initially meant to commemorate special days, rather than special deals. But then, consumption is the engine that drives the U.S. economy, and therefore every solemn occasion turns into a shopping bonanza. And this bonanza is going to be in full bloom over the days leading up to Memorial Day. 

From phones to cars, consumers will be pursuing the best deals of the season. The Memorial Day Sale will be just the beginning of the summer. The season will conclude with a day that is supposed to honor the American labor movement -- the Labor Day Sale.

Full Article



Newark, NJ
Friday, May 19, 2017

EContent Magazine

Here's a worrisome thought for marketers that can keep you up at night: Gen Z—a key demographic born between the mid-1990s and early 2000s—comprises 27% of the global population, commands $44 billion in purchasing power, and represents the first true generation of digital natives. But your efforts to reach them via digital ads could fail miserably, new research suggests.

A study by Kantar Millward Brown titled AdReaction: Engaging Gen X, Y and Z reveals that only 25% of 16- to 19-year-old respondents to the study's survey expressed a preference for online search ads; merely 23% indicated a preference for video on laptops or PCs, 22% for mobile display ads, and 21% for mobile video ads.

By contrast, the ad formats this demographic favored more were cinema (62%), outdoor and magazine (both 43%), TV (40%), product placement (39%), newspaper (38%), direct mail and laptop/PC online display (both 29%), and radio (27%).

Stacy Smollin Schwartz, marketing department instructor at Rutgers Business School, says it's easy to understand why preteens and teenagers today are more accepting of billboards, cinema ads, and other traditional forms of media. "They are in a more passive mindset when they come across them," says Schwartz. "Although they may remain cynical about the marketing message itself, they are not as upset about the initial diversion."

Full Article



NJBIZ
Newark, NJ
Wednesday, May 17, 2017

NJBIZ

"In today's uncertain, intertwined, complex global environment, businesses are desperately seeking ways to increase velocity, reliability, resilience and efficiency of their supply chains," said Professor Alok Baveja, who is chair of the Rutgers Business School Supply Chain Management Department. "In this context, businesses are realizing the critical significance of supply chain analytics as a robust pathway to excellence whereby operational efficiency and customer responsiveness can simultaneously be improved."

Full Article



New Brunswick, NJ
Saturday, May 13, 2017

The Daily Targum

Rutgers Business School—New Brunswick has been awarded the Gold Chapter Award by the Beta Gamma Sigma international honor business society, making it the No. 1 ranked chapter in the world out of 544 business schools.

The New Brunswick chapter was established in 1991, and its membership, which is now comprised of almost 100 students, has tripled in the last few years, according to a press release.

"Becoming the Beta Gamma Sigma Gold Chapter brings recognition to our students and our program excellence," said Martin Markowitz, senior associate dean of Rutgers Business School—New Brunswick. "The students in our chapter not only demonstrate superior academic skills but also exhibit enthusiasm to help others."

Full Article



Rutgers Today
Newark, NJ
Friday, May 12, 2017

Rutgers Today

After graduating from Rutgers Business School-Newark and New Brunswick and before she begins her career at Goldman Sachs, Chioma Igwebuike already is planning what she wants to do with her volunteer time.

Looking beyond her high school to prepare for college, Igwebuike participated in programs that introduced her to professional settings and career options. She wants to do the same for others.

"I want to pay it forward," she says. "I want to help inner-city students get exposure to professional settings and to let them know you can be so much more than you're seeing in your immediate environment."

Full Article



New York, NY
Thursday, May 11, 2017

BloombergBusinessweek

When Sarah Rumbaugh enrolled at the University of Virginia Darden School of Business in 2013, she planned to launch her own business soon after graduation. The MBA, she figured, would provide her with the skills to help her do that and build a network of contacts. Darden's program, which includes an incubator for student-run startups, venture capital workshops, and design courses, appealed to her. "If someone taught you how to play basketball from a textbook, you wouldn't learn to play basketball," she says.

Top Schools for Entrepreneurs

Rumbaugh followed through on her plan a year before completing the program. In 2014 she co-founded RelishCareers.com, a recruiting platform that matches graduate degree recipients with employers. Over the past three years the venture has received $1.2 million in funding—she declines to name the investors—and has landed several big clients, including American Express, L'Oreal, and Under Armour.

Full Article



GlobeSt.com
Las Vegas, NV
Wednesday, May 10, 2017

Globe St.

For the 13th year in a row, Lyneir Richardson, executive director of Center for Urban Entrepreneurship and Economic Development at Rutgers Business School, will be attending the upcoming ICSC RECon [real estate] conference in Las Vegas.

Richarson said: "Rather than having a transactional mindset and packing my schedule with back-to-back meetings, I'll approach the 2017 show in the same way that I approached the 2009 RECon during the Great Recession.

"Back then, I was there for education and revelation:  I went to the RECon plenary sessions, seminar sessions, and breakfast roundtable discussions to try and make sense of the new, unstable, and strange world that we were facing.  This year too, I want listen to and learn from experts and outsiders so I can understand what the heck is happening out there.

"The reason for the shift in my POV is the current shaky state of American retail.  To say that the robust shopping industry that so many of us fell in love with is under siege is an understatement."

Full Article



NJBIZ
Newark, NJ
Tuesday, May 9, 2017

NJBIZ

For the first time, Rutgers Business School will have a woman holding an endowed chair, it announced Monday.

Simi Kedia, a member of the finance and economics faculty who has held the rank of full professor since 2012, will now hold the Albert R. Gamper Chair in Business, the university said in a news release.

Kedia, known for her research on corporate governance and corporate fraud, has been published in prominent academic journals and quoted extensively in the mainstream media, according to professor Ivan Brick, chair of the finance and economics department.

Full Article



New York Times
New York, NY
Sunday, May 7, 2017

New York Times

Congratulations to this year's award-winning students and to all of our 18,000 graduates.

studentachievement.rutgers.edu 

1st PLACE
College Fed Challenge
Federal Reserve Board


1st PLACE
CME Group Trading Challenge
Chicago Mercantile Exchange


1st PLACE
Cross-Examination Debate Association National Tournament
and National Debate Tournament


1st PLACE
Regional Hult Prize Challenge
Hult International Business Schooland Clinton Global Initiative