In the Media

NJ Spotlight
Newark, NJ
Wednesday, February 11, 2015

NJ Spotlight lobo

New Jersey international trade has been the subject of several foreign missions by Gov. Chris Christie, including the recent one to London, as well as legislation that the governor vetoed on Friday.

One of the best steps Christie has taken was reestablishing some overseas trade offices, according to Michele Siekerka, president of the New Jersey Business and Industry Council, and until recently a deputy commissioner in the state Department of Environmental Protection.

“Actually having a presence in other countries enables us to understand the markets and advise our companies about what the appropriate products and opportunities are,” Siekerka said.

Farok Contractor, professor of management and global business at Rutgers Business School, is not buying the feel-good message.

“I don’t think New Jersey is well positioned to be an exporter,” he said.

Besides geography and capacity, the state faces the common American problem of insufficient technical education to provide the export goods and services most valued in the global market, technology and engineering, Contractor said.

America “is already one of the biggest exporters in the world,” so simply increasing them is not enough to reverse the trade deficit or create high-paying jobs, he said. State and national trade policies can concede low-paying jobs to other countries as long as they develop high-paying replacements here, he said.

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Washington, D.C.
Tuesday, February 10, 2015

National Geographic

Developing the technology to suck planet-warming carbon dioxide back out of the atmosphere is an expensive but promising approach that may be necessary to help prevent the worst effects of climate change, according to the first of two reports released this morning by the research arm of the National Academy of Sciences.
But according to the second report, proposals to cool the planet on the cheap by reflecting sunlight are so risky that even serious study of them should be undertaken only in preparation for an emergency.

Together the two reports from the National Research Council (NRC) offer the most comprehensive U.S. examination yet of "geoengineering"—the intentional intervening in the climate system in an attempt to forestall some of the impact of global warming.

"The world is in a very tough situation, and there's no magic bullet here, unfortunately," said Paul Falkowski, a biochemistry professor at Rutgers University, who worked on the reports.

A reforestation project in Peru illustrates a more benign approach to geoengineering: removing CO₂ from the atmosphere by, for example, planting trees . . . but they are limited in their capacity.

Falkowski pointed out that technology can, and often has, changed overnight. The time between the drilling of the first oil well and an America with cars and airplanes was only about 60 years, he said, which suggests we're capable of remaking our energy system again in the next 60 years.

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Closter, N.J
Tuesday, February 10, 2015


Another New York-area JPMorgan Chase employee is dead in an apparent murder-suicide, but experts cautioned against calling it a trend.

A murder-suicide occurred in nearby Jefferson Township in July, when police said Julian Knott shot his wife Alita before killing himself. In February 2014, the New York Post noted three other mysterious deaths of JPMorgan bankers over just three weeks.

Michael Santoro, a professor of business ethics at Rutgers Business School, cautioned against drawing any conclusions from the latest suicide.

"We have no way of knowing what is behind this and what role if any his working at a bank had to do with what happened," Santoro said.

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Piscataway, NJ
Tuesday, February 10, 2015

The Daily Targum

Started in 2009 and completed in 2013, the Rutgers Business School building, situated at 100 Rockafeller Road, commands attention at the entrance to the Livingston campus with its towering, criss-crossing glass and steel structure. And at a cost of $85 million, Enrique Norten, founder of the design firm, TEN Arquitectos, planned the building to house up to 240 classrooms and 2,026 students at a time.

Since its completion, the business school was awarded a 2014 honor award from the New Jersey Chapter of the American Institute of Architects on Jan. 9 during a dinner in Moorestown. Architects judging the competition complimented the building extensively as the award was gifted to Rutgers.

According to the company’s website, Norten said TEN Arquitectos has completed many projects in both Mexico and the United States since 1986. The purpose behind the company's design for the business building was to integrate the academic life of students to the local ecologic reserve.

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New Brunswick, NJ
Saturday, February 7, 2015

Business 2 Community

At Mitel, an Ontario business communications company, managers have enlisted 1,600 people to become actively involved in social media.

Ontario business communications company Mitel has been around for 41 years, but its profile is low. Martyn Etherington, the company’s chief marketing officer and chief of staff, is out to change that — and he thinks social media will be a big part of the process.

In March of 2014, the company had about 30 people actively engaged in social media — using Twitter, LinkedIn, or Facebook to talk about the company.

By November, that number had grown to 1,600 people.

This runs counter to what many companies practice. At most organizations, employees are not encouraged to talk to the world about the company — and at many they are outright banned from doing so.

In “Can You Really Let Employees Loose on Social Media?,” an interview by Gerald C. (Jerry) Kane, associate professor of information systems at the Carroll School of Management at Boston College and guest editor for MIT Sloan Management Review‘s Social Business Big Idea Initiative, Etherington explained how he got those numbers of engaged employees up so much so fast.

In Etherington’s case it was the book The Social Employee: How Great Companies Make Social Media Work, by Cheryl Burgess and Mark Burgess. “I read it in one weekend, and it resonated with me,” says Etherington. The book argued that the company should “ensure that our employees understand and embrace that we are all stewards of our brand.”

Mark Burgess, co-author with Cheryl Burgess of The Social Employee: How Great Companies Make Social Media Work, writes about the power and impact of social employees, of the new era in employee engagement: ‘branding from the inside out.’

Mark Burgess currently teaches Digital Marketing and Consumer Behavior as a PTL at Rutgers Business School.

New Brunswick, NJ
Friday, February 6, 2015

MIT Sloah Management Review

The Ontario business communications company Mitel is a $1.2 billion business, but you’re excused if you’re not familiar with it — yet!

“Although we’ve been around for 41 years, our brand is not well known,” says Martyn Etherington, the company’s chief marketing officer and chief of staff. Mitel offers services in business communications, voice-video collaborations, business phones and the like, and its website boasts, “We are the business communications experts behind 2 billion calls, chats and social messages every day.”

It has gotten big fast: In the past two years, Mitel has acquired four companies and doubled its revenues. “We want to be the consolidator versus the consolidated of our market space,” Etherington says, “but most importantly we want to grow by being relevant to our customers and the markets we serve.”

Etherington is out to boost the company’s profile. “We’re really starting to transform the brand from what was considered a very old, telephone [-oriented] PBX company to where our market is today and where our focus is — that of a customer-centric software company positioned in the cloud and contact center markets.”

Mark Burgess, co-author with Cheryl Burgess of The Social Employee: How Great Companies Make Social Media Work, writes about the power and impact of social employees, of the new era in employee engagement: ‘branding from the inside out.’

Mark Burgess currently teaches Digital Marketing and Consumer Behavior as a PTL at Rutgers Business School.

Software Advice
Austin, TX
Thursday, February 5, 2015

Software Advice logo


Supply chain management (SCM) courses are increasingly making their way into the nation's top business schools. To learn more about what these courses teach students and how they compare to one another, Software Advice ranked the top 15 universities at the undergraduate and graduate level.

Supply chain management is a relatively new field of academic study. Only in the past couple of decades have universities begun to offer majors and concentrations in SCM, merging aspects of business, information technology and logistics into one pedagogical framework.

Information technology (IT) plays a critical role in the complex web of supply chains that define our global economy. As a result, it has never been more important for new professionals in the field of SCM to have experience with the digital tools that are, effectively, the backbone of major supply chain operations.

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Albany, NY
Wednesday, February 4, 2015

American Journal of Transportation



In Albany, New York, SB 2648, legislation to eliminate the Container Freight Charge (CFC) was approved by the Senate Corporations, Authorities, and Commissions Committee February 2, 2015. The bill has been referred to the Senate Finance Committee. This legislation has also been introduced in the NY State Assembly, A 2070.

In 2014, New Jersey Governor Chris Christie signed S2747/A4170 into law to eliminate the Port of New York & New Jersey (PANYNJ) cargo facility fee.

The CFC port fees will remain until New York’s legislative bodies vote, as New Jersey did last year, to eliminate these added costs.

The Port Authority of New York and New Jersey (PANY/NJ) is the only port in the U.S. to impose a cargo facility charge on all containers, including empties.

As reported by Kevin Lyons, Ph.D., Rutgers Business School, Supply Chain Management and Marketing Sciences, most consumers throughout and at the end of the supply chain would never know anything about the CFC but it could affect their bottom-line.

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Bridgewater, NJ
Wednesday, February 4, 2015 logo



It appears Shake Shack's new Bridgewater location will be its last in New Jersey — in the near future, at least.

Known for its burgers, milkshakes and long lines, Shake Shack started as a hotdog cart in New York City's Madison Square Park in 2001. Danny Meyer, founder and CEO of Union Square Hospitality Group, opened a storefront three years later. In 2010, Shake Shack opened its first location outside of New York City, in Miami.

"There are no other planned New Jersey locations in the near future," a company spokeswoman said Wednesday in an email.

Because of its sparse locations in the state, other fast-food burger chains like Five Guys and Smashburger shouldn't feel threatened, according to Zaman Zamanian, chair of the economics & finance department at Montclair State University.

Shake Shack "will not affect any of these restaurants that we have (already)," Zamanian said. "I don't believe that — unless they open in every corner of the state, but they're not going to do that."

John Longo, a finance professor at Rutgers Business School, said other restaurants targeting the "premium burger market" should, to some extent, feel threatened. But, he said, the ones who should be worried are the local taverns and restaurants.

"Initially, the main product problem is going to be for local taverns and things like that," he said. "It's a smaller burger place (or) tavern that initially will feel the pain."

Shake Shack's Bridgewater location is the first in Central Jersey and will fill the storefront vacated by Cold Water Creek clothing store.

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Newark, NJ
Monday, February 2, 2015

When she chose to end her life rather than face the ravages she knew incurable brain cancer would bring, an eloquent young woman named Brittany Maynard sparked a national conversation this fall.

Now Ethan Andersen, a senior finance major in Rutgers Business School-Newark and New Brunswick, is working to capitalize on that momentum and to move the discussion forward.

For him, it’s all about options.

As a field organizer for Compassion & Choices, Andersen travels throughout Southern New Jersey to promote a bill before the state Legislature that would allow patients to obtain life-ending drugs from their doctors once it’s determined they have no more than six months to live.

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CPO News
Newark, NJ
Thursday, January 29, 2015

In late December, three undergraduate students from Rutgers Business School – Dwight Gonzales, Sheryll Moser, and Alexandra Preziosi – won the Institute for Supply Management’s (ISM) annual indirect procurement case competition that was held in Phoenix. According to a story by Digital Journal, this is the second time in five years that students from Rutgers won this award.

The three students, who are studying supply chain management at Rutgers Business School had to, as a condition of receiving scholarships from ISM last year, analyze GlaxoSmithKline’s spending on contracted legal services and how the company could reduce legal costs.

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Baltimore, MD
Monday, January 26, 2015

On Wednesday, Baltimore's spending panel is set to clear the way for the company to give the Baltimore Police Department new uniforms for officers in one district.

The project is described in city documents as a "collaboration" between the police and Under Armour to "potentially improve the quality and durability of police uniforms and relieve some strain on the Police Department budget."

The spending panel, which is controlled by the mayor, is expected to endorse an ethics waiver on Wednesday for the Police Department to seek the uniforms as a gift from Under Armour. The city documents say Under Armour will receive no "special access or favored treatment from any City agency or official," as a result of the gift.

Ann K. Buchholtz, research director for Rutgers Business School's Institute for Ethical Leadership, said the city's spending panel should review the proposal carefully to vet any potential conflict of interests.

"The public should know about it; sunshine is the best disinfectant," Buchholtz said. "If they review it and there is no expectation of quid pro quo, I would be OK with it."

While Under Armour may be looking to use the donations as an edge in the market, Buchholtz said, it's not unusual for civic-minded companies to make charitable contributions to the cities where they are based.

"Cities need that kind of support," she said. "We don't want to cut that off, but we always want to take a good look at it."

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Newark, NJ
Sunday, January 25, 2015

Questionable earnings? Quick enrichment. Quite enough! These are some of the answers you might get if you quizzed most Americans on what QE means to them. That’s because the U.S. Federal Reserve’s latest “quantitative easing” -- or QE -- program, under which asset purchases ended last fall, never touched the lives of ordinary citizens the way it was meant to, according to critics of the policy.

“The benefits have flowed to the very constituencies that don’t need it -- the wealthiest Americans and banks,” says Andrew Huszar, a senior fellow at Rutgers Business School and one of the managers of the Federal Reserve’s first round of QE in 2009 and 2010.

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The Trentonian
New York, NJ
Thursday, January 22, 2015

According to research conducted by academics Ankur Pareek at Rutgers Business School and Roy Zuckerman at Tel-Aviv University, we often determine whether someone is trustworthy based on their looks.

Hiring a money manager based on looks may seem far-fetched, but apparently it’s a major factor in how humans measure trustworthiness, the researchers say.

Unfortunately, it just doesn't work.

"Our underlying hypothesis is that trust may play an important role in the hedge fund industry due to the absence of public disclosure requirements and lack of verifiable information," the authors Ankur Pareek and Roy Zuckerman say. "We address this question by introducing a new approach to measuring perceived trustworthiness of hedge fund managers. Our approach is based on personal characteristics."

The scientists say that while the methodology may seem outlandish, it is a valid approach.

"There are two reasons why personal characteristics, such as appearance, may play a role in perceived trustworthiness of hedge fund managers: First, social psychology and neuroscience literature provides ample evidence that facial appearance is an important determinant of perceived trustworthiness for individuals," the researchers say. "Secondly, anecdotal evidence suggests institutions and high net worth individuals use their face-to-face meetings with hedge fund managers as an important criterion for making their initial and subsequent investment decisions."

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New Brunswick, NJ
Monday, January 19, 2015

Rutgers Business School was one of the first in the US to launch an undergraduate program in supply chain management. It now offers an MBA in Supply Chain Management, a specialization within the full-time MBA program.

The New Brunswick-based MBA, which costs $21,329 in tuition per semester, has three courses in its specialization – management strategies, procurement management and global sourcing, and a supply chain management industry project.

Eugene Spiegle, vice chair of the supply chain management department at Rutgers, says supply chains have become a focus for companies, with “senior level management” being employed. In 2013, 95% of Rutgers’ MBA students secured a job placement.

“They have also become a way of life to sustain competitiveness and manage the fast-paced changes caused by both global markets and changing consumer demands,” he adds.

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Asbury Park, NJ
Saturday, January 10, 2015

In the big picture, social media helps consumers weed out the companies that deliver good products and services from the companies that don't, making the economy more efficient, said Ashwani Monga, chairman of the marketing department at Rutgers Business School.

But it is taking time for businesses to adapt. In days past, if customers had bad experiences, they could gripe to their friends, families and co-workers, but, short of filing a time-consuming lawsuit, that's where the complaint fizzled.

Now? A business can have 10 positive reviews and one negative review. If not handled properly, the negative review can catch fire. Suddenly, the business is mentioned in a Twitter post that ends with #badcustomerservice.

"You can have all the likes you want, but at the end of the day, if a few people write bad things about you, they are going to have a disproportionate impact," Monga said. "Increasing positive vibes is great, but you get a bigger bang for your buck if you reduce the negative ones."

Mumbai, Maharashtra, India
Wednesday, January 7, 2015

In a first for India, MISB Bocconi, India’s premier international business school, has been selected by the prestigious Journal of Accounting, Auditing, and Finance (JAAF) for its “Special Issue” Conference on ‘Research Challenges in Accounting and Finance in a Globalized Economy: Fair value measurements, valuation models, and management practices.’

The JAAF Special Issue will be released at the conference to be held on 8-10 January 2015 at MISB Bocconi’s campus in Knowledge Park, Powai, Mumbai. The conference is co-organised by JAAF, SDA Bocconi, Milan, and ISB, Hyderabad, and sponsored by PWC Italy.

Among the distinguished academics participating are guest editors Kashi R. Balachandran, Stern School of Business, New York University; Antonio Marra, Università Bocconi and SDA Bocconi School of Management; and Sanjay Kallapur, Indian School of Business. Keynote speakers include: Bala Dharan, Harvard Law School; Joshua Ronen, Stern School of Business, New York University; Bikki Jaggi, Rutgers University and Giorgio Gotti, President-Elect International Accounting Section--AAA, UTEP; and Agnes Cheng, Hong Kong Polytechnic University.

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Money Magazine
Newark, NJ
Monday, January 5, 2015

Several years ago, two Yale business school professors gave the personal finance industry a jolt by devising a formula for determining how active so-called actively managed mutual funds really were.

Now one of the inventors of Active Share has identified another very important trait of successful mutual fund managers: patience.

In a recent paper, Martijn Cremers, now of University of Notre Dame, and Ankur Pareek of Rutgers Business School, analyzed a large sample of actively-managed all-equity U.S. retail mutual funds over a 19-year period (1995-2013) and found that only those with both high active share and patient investment strategies, where managers hold stocks longer instead of trading frequently, tended to outperform by an average of 2.3 percentage points a year, even after management costs were taken out.

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China Daily
Newark, NJ
Friday, January 2, 2015

For Professor Lei Lei, it's always been about teaching her graduate students what to do after they get out of school.

"Students are no longer content with just an MBA degree," Lei said. "They want a career, and it's not counted as a career if they are not happy with the job."

The professor in supply chain management and marketing sciences will become dean of Rutgers Business School on Jan 1.

The job comes as a time when business schools around the world are facing transformation pains. Lei will help Rutgers, the State University of New Jersey, navigate the fast-changing business environment by making the school as helpful as possible to students' career and businesses.

The number of students taking the GMAT, a test required for entrance into most US business schools, has dropped from around 266,000 in the 2008-2009 school year, to some 233,000 in 2012-2013.

It could indicate student frustration. As much-cheaper online courses get increasingly popular, and employers pay more attention to practical skills rather than just degrees, many business schools have failed to meet the challenge, wrote Forbes contributor Steve Denning.

"You have to make sure that after five, 10, 20 years, you are still one of the strong players in the world of business schools," Lei said.

In marketing, it is impossible to be strong in all aspects, but to stand out from the competition, one unique strength is enough.

Rutgers Business School, as part of a publicly funded university, cannot compete in funding with Ivy League business schools such as the University of Pennsylvania's Wharton Business School. Instead, Lei is ready to make all of the Rutgers school's 6,000-plus students shorten their preparation time and "hit the ground running" in careers the moment they graduate.

"There is a gap between what textbooks teach and what companies want," said Lei. "But for good schools, the gap is smaller."

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IBT Pulse
Newark, NJ
Wednesday, December 31, 2014

As the global auto industry’s No. 2 air bag maker, Takata supplies most major automakers. As a result, the company’s single flaw infected millions of vehicles across the industry. Takata’s troubles illustrate a new phenomenon as automakers gravitate toward single major suppliers who have the scale to offer parts at low prices. Takata has made air bag systems for more than 100 million vehicles since it began researching air bags in the late 1970s.

“In effect it doesn’t matter what brand of car you drive, a part can come from the same factory,” said Sengun Yeniyurt, associate professor of supply chain management at Rutgers Business School. “When I was reading about Takata this summer I thought to myself it's just a matter of time before we'll see more of these industry-wide recalls in the future.”

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