In the Media

NJBIZ
Newark, NJ
Tuesday, April 19, 2016

NJBIZ

Bloomberg Businessweek recently released its annual update to its list of best undergraduate business schools for 2016.

In the most recent rankings, Villanova took the top spot, jumping 23 places from its previous ranking of 24th in 2015.

But several colleges from the Garden State made leaps in the rankings this year, as well.

The biggest jump was made by Rutgers Business School in Newark, which moved 31 spots, to No. 97 from No. 128 in 2015.

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NJBIZ
New Brunswick, NJ
Monday, April 18, 2016

NJBIZ

Bringing role-playing to real world players shed some light on some of the issues between health care and real estate -- and how the two interact with the government.

A mix of 20 health and real estate experts from around the country, most of which were from New Jersey, held a panel discussion on a hypothetical merger scenario presented by the Rutgers Center for Real Estate in New Brunswick last week.

The study looked at the combined real estate and health industry concerns of a large health system taking over an inner city hospital complex and all the facilities and needs that come with it.

Various current and former state officials were part of the panel, including Mary O'Dowd, former commissioner of health; Assemblywoman Eliana Pintor Marin (D-Newark); and Sen. Teresa Ruiz (D-Newark).

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New Brunswick, NJ
Wednesday, April 13, 2016

New Jersey 101.5

A new study from LinkedIn provides new evidence of just how much the job market trends are shifting from previous generations.

The study finds that that millennials are changing jobs at a much more rapid pace than their parents did, sometimes as hopping jobs as many as four times in their first decade out of college.

"Over the last 20 years, the number of companies people worked for in the five years after they graduated nearly has doubled," the study's authors wrote.

Eugene Gentile, director of the Office of Career Management at Rutgers Business School in New Brunswick, said millennials are expecting more than their predecessors.

"If they're not getting what they perceive to be full value for their efforts or full compensation, they're more likely to jump," Gentile said.

And it is not always about just job security and compensation.

"Companies that are socially aware and socially responsible, and if they feel that they're not getting that piece of it too, that's another reason to move on," Gentile said.

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Newark, NJ
Wednesday, April 13, 2016

Bloomberg Business

Rutgers Business School's MBA program was ranked No. 3 in the nation for MBA employment in the latest U.S. News & World Report (2017) Best Business School Rankings.

Strong corporate connections to New York and New Jersey's top global companies helped 98 percent of Rutgers Full-Time MBA graduates obtain employment within three months of graduation. The high employment ranking contributed to Rutgers Full-Time MBA being recognized as the No. 1 Public MBA in the Tri-State area (N.Y., N.J. and Conn.).

"This historic milestone highlights the dedication and hard work of our MBA Office of Career Management and our entire MBA team, and the rising reputation of Rutgers Business School among U.S. corporations and recruiters," said Rutgers Business School Dean Lei Lei.

"We have cultivated long-term relationships with Fortune 500 firms, and these strong partnerships help employers as much as our students," said Dean Vera, director of the Rutgers MBA Office of Career Management. "We can often speak to student's qualifications beyond what the recruiter sees on a resume or cover letter. Our students have a roll-up-your-sleeves attitude when it comes to proving themselves during their summer internships," he said.

In a competitive job market, the hard work of Rutgers MBA students led to an impressive employment outcome that compared favorably among peer business schools in the Big 10.

Comparison of Big 10 Business Schools
MBA Employment 3 Months after Graduation (%)

1. Rutgers Business School: 98.3
2. University of Iowa (Tippie): 97.9
3. Ohio State University (Fisher): 95.7
4. University of Illinois (Urbana-Champaign): 94.1
5. Northwestern University (Kellogg): 93.8
6. University of Michigan (Ross): 92.1
7. Michigan State University (Broad): 90.6
8. University of Wisconsin: 89.5
9. University of Minnesota (Carlson): 89.2
10. Indiana University (Kelley): 89.1
11. Penn State University (Smeal): 86.4
12. University of Maryland (Smith): 82.4
13. Purdue University (Krannert): 80.9
14. University of Nebraska (Lincoln): N/A

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NJBIZ
Newark, NJ
Wednesday, April 13, 2016

NJBIZ

College Choice released its list of the Top 50 graduate schools that offer a master's degree in business administration on Monday. The list included big names such as Harvard and Stanford in the Top 5.

But how did colleges in New Jersey fare?

Well, the Garden State did not go entirely unrepresented: Rutgers University ranked 49th on the list.

"Rutgers Business School has strong ties with top companies in New York and New Jersey, making it easier for graduates to find jobs," College Choice said in its ranking.

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Jobs MBA Rankings


Newark, NJ
Monday, April 11, 2016

Bloomberg Business

For corporate responsibility and sustainability professionals, there is an important area that needs to be in focus, a critical area that presents challenges, risks and myriad opportunities: the global supply chain. Enterprises of all sizes and sectors are making a difference in society, creating competitive advantages and mitigating risks through responsible supply chain and procurement practices.

The Institute for Ethical Leadership at the Rutgers Business School and the Governance & Accountability Institute are partnering to offer a Corporate Social Responsibility Certificate Program with a key topic area of supply chain management. The subject will be led by Dr. Kevin Lyons, an associate professor of supply chain management at Rutgers Business School and will focus on these critical topics for corporate managers:

 

  • Quantifying economic and social development options
  • Focusing on four main supply chain and sustainability responsibilities
  • Emergence of social procurement strategies
  • Stakeholder mapping
  • Working with social enterprises
  • The importance of the circular economy shift

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CNBC
New York, NY
Thursday, April 7, 2016

CNBC

Could Bernie Sanders, a self-described "democratic socialist" and Wall Street's biggest critic, be an entrepreneurial genius?

A closer look at the ideas and methods propelling the 'Feel the Bern' phenomenon, and interviews with entrepreneurial experts, show that the Sanders campaign has displayed plenty of business smarts tailored to today's market.

"An entrepreneur is someone who understands a particular market segment, who can energize that base and who can get it to take action," said Lyneir Richardson, executive director of The Center for Urban Entrepreneurship and Economic Development at Rutgers Business School.

"Bernie Sanders is speaking to a segment that not only other politicians but most big corporations want to figure out how to sell to: millennials," Richardson said.

"Everyone's going after that demographic right now, and millennials are responding to Sanders in a way that the rest of the country and business world is watching and learning from."

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NJBIZ
Newark, NJ
Tuesday, April 5, 2016

NJBIZ

A typical day for a developer? As George Jacobs explains, it can be anything but typical.

Take this example from a recent Wednesday.

"Today, I was tracking down an FAA permit because I'm building a shopping center in Elizabeth," said Jacobs, president of Clifton-based Jacobs Enterprises Inc. "We're under construction … for a Foodtown-anchored strip center, and we have to use a crane because we're hanging some prefab walls."

"We’re in the flight path of Newark airport."

Jacobs recounted the story last month at the Rutgers Real Estate Career Seminar before more than a 100 MBA candidates and prospective students who are considering careers in commercial real estate. It was the first-ever career seminar hosted by the quickly growing Rutgers Center for Real Estate, drawing a packed crowd to a classroom at Rutgers Business School's main building in downtown Newark.

For his part, Jacobs was one of 11 New Jersey real estate industry leaders who were on hand to share their experiences and answer questions, representing a cross-section of different practices and asset classes that operate within the sector.

"Students just don't get much exposure to real practitioners," Paul Profeta, owner and president of Paul V. Profeta Associates in West Orange, told attendees at the March 23 event. "Today, you've got some real practitioners — these are people who put bread and butter on the table."

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NJBIZ
New Brunswick, NJ
Tuesday, April 5, 2016

NJBIZ

A conference next week will shine a light on Halstead Healthcare System, a dominant provider whose footprint is filled with all types of physical assets — from a suburban campus and off-site specialty centers, to recently acquired physician practices and struggling urban hospitals.

The organization also happens to be entirely fictional, part of a theoretical case study hatched by the Rutgers Center for Real Estate that will be the foundation for its second annual conference.

"As part of an academic institution … the Center for Real Estate feels with all of its events that we have to deliver an elevated discussion, a higher level of substance when it hosts a conference or seminar or other event that focuses on real estate," said Ted Zangari, an executive committee member for the center. "So we thought that an issues-packed, fact-driven hypothetical or case study would help us raise the level of discussion to a more substantive level than you might find at some of the other conferences on this topic in the past."

The Future of Healthcare Real Estate Symposium will take place Friday, April 15, at Heldrich Hotel in New Brunswick.

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Inside Business
Newark, NJ
Friday, April 1, 2016

Inside Business

Home delivery service becomes big business

The system that delivers a package to your front door today has its roots in the 19th century and the potential to create housing on Mars in the 21st century.

What started as a way to deliver watches and grew to include the shipment of household goods, clothes and even homes has changed the way the world shops.

Nearly 70 percent of Americans make online purchases at least once monthly and that translates into millions of deliveries.

Professor Arturo Osorio of the management and global business department of Rutgers Business School said the modern home delivery service began with Richard Sears, who published his first mail-order catalogue in 1886.

“The fundamental relationship then was between the customer and the retailer, based on trust,” Osorio said. Retailers, then, were also the shippers, he said.

While the mail-order catalogue has been supplanted by the online store made available by the Internet, the concept is the same, Osorio said: A customer purchases an item from a retailer, who then ships it to him or her.

Today, however, an online customer generally pays electronically and relies on a delivery service to receive or return an item. The introduction of the delivery service changed the relationship, Osorio said.

“A fundamental difference now is that the primary relationship is between the retailer and the shipper,” he said.

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BusinessBecause
Newark, NJ
Tuesday, March 29, 2016

BusinessBecause

MBAs are hot property in the frothy real estate market. As investors pump capital into commercial property, tempted by juicy yields while interest rates are at rock bottom, MBA job opportunities are exploding.

"As large institutional investors like the sovereign wealth and pension funds are increasing their real estate portfolio allocations, their demand for talented professionals grows," says Stijn Van Nieuwerburgh, director of NYU Stern's Center for Real Estate Finance Research.

Employers are big property developers, life insurance companies, private equity funds, pension funds, and sovereign wealth funds. "We are seeing a variety of opportunities," says Kevin Riordan, a director at the Center for Real Estate at Rutgers Business School, where two private equity firms are snapping up interns.

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Newark, NJ
Tuesday, March 29, 2016

Elon University

"Kid Tested, Mother Approved: The Relationship between Advertising Expenditures and 'Most-Loved' Brands," appears in the International Journal of Advertising.

Kacy Kim, assistant professor of marketing in the Martha and Spencer Love School of Business and her co-authors, Jerome Williams, Rutgers University-Newark, and Gary B. Wilcox, University of Texas at Austin, explored relationship between advertising expenditures and perceptions regarding popular brands as held by children and mothers in the United States.

The article’s abstract reads:

"In this research, we examine the relationship between advertising expenditures and perceptions regarding popular brands as held by children and mothers in the United States. Our findings show that traditional media advertising expenditures positively relate with brand affinity for children and mothers, while product placement relates positively with children’s brand affinity but not with mothers’ brand affinity. A closer examination of advertising budgets reveals that marketers for the top children’s brands devote most of their advertising to TV and magazine advertisements, indicating that they still believe that traditional media play a key role in reaching the youth market. Additionally, the advertisers spend disproportionately higher amounts to reach Hispanic and African American populations."

Elon University

Access International Journal of Advertising Article



BusinessBecause
Newark, NJ
Monday, March 21, 2016

BusinessBecause

Gilles Duranton, chair of the real estate department at Pennsylvania University's Wharton School, sees a feast of MBA career opportunities in the sector. But what really gets him animated is advanced analytics.

"The data component — sophisticated modelling — is becoming more important," he says, with feeling. "Companies are asking for this more and more."

MBA jobs in real estate are booming, from developers to private equity firms such as Blackrock and KKR and investment funds at Goldman Sachs and Morgan Stanley. What all these employers have in common is a thirst for analytical talent.

Advanced financial modelling is one of the four key skills needed to succeed in real estate careers, says Morris Davis, the Paul V. Profeta Chair in Real Estate at Rutgers Business School.

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Newark, NJ
Friday, March 18, 2016

U.S. News & World Report

When Nest Labs wants to increase profitability, it's up to Tejash Patel to help figure out how.

To find answers, Patel, a business operations systems manager in Nest's supply chain arm, analyzes data and meets frequently with the operations, engineering and marketing departments.

It's a rare kid who dreams of working in supply chain management, a field where responsibilities typically divide into four parts: plan, source, make and deliver the product.

But demand for MBAs to fill these functions has been growing along with the geographical reach and complexity of supply and distribution channels, say b-school placement professionals. Companies focus on finding cost savings in their supply chain to avoid raising prices, says Dean Vera, director of the MBA Office of Career Management and assistant dean at Rutgers Business School—Newark and New Brunswick. Consulting firms also are looking for supply chain experts.

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Newark, NJ
Thursday, March 17, 2016

Accountability Central

Rutgers Business School’s Institute for Ethical Leadership and G&A Institute joined forces to develop and offer a Corporate Social Responsibility Certificate Program for corporate professionals. The first executive education program classes begin on Wednesday, April 27 and Thursday, April 28 at the Rutgers Business School campus in Newark, New Jersey. The two-day program features a deep dive into CSR and the related fields of philanthropy, sustainability, risk management, supply chain management, and ethics.

Louis. D. Coppola of Governance & Accountability Institute will lead an interactive course focused on diving deep into the history, definitions, and practicality of “materiality” from a sustainability perspective and the importance of determining materiality in the context of the corporate CSR program or when making investment decisions.

Materiality, as the U.S. Supreme Court defined it under the scope of U.S. securities law (and as the Securities & Exchange Commission generally applies it to corporate disclosure and reporting) along these lines: The materiality of particular information is whether there is a substantial likelihood that a reasonable investor would consider the misstated or missing information as having significantly altered the total mix of information that was available.

With the dramatic expansion of disclosure and reporting of ESG performance data (environmental, social and governance), the range of information being made public by companies is bringing about a vigorous dialogue (especially among investors) focused on the materiality of information.

Participants will be able to directly relate to the content and material, allowing them to apply their learning to their current work place immediately.

Registration includes breakfast, lunch, dinner Wednesday evening, parking, and course materials. Upon completion of the 2 day program, participants will be awarded a certificate in executive leadership. The program runs from 9:00 am to 5:00 pm, on Wednesday, April 27 and Thursday, April 28, at the Rutgers University Business School in Newark, NJ.

To learn more about the CSR Certificate program, call 973-353-1134, email leadership@business.rutgers.edu, or visit http://www.business.rutgers.edu/iel/csr.

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Chicago, IL
Wednesday, March 16, 2016

Hospitals & Health Networks

What are some of the hottest issues that are top of mind for hospital leaders, and what are the nation’s top performers doing to address them?

That question was the topic of a conversation today at the American College of Healthcare Executives 2016 Congress. The trade group rounded up a handful of notable researchers to chew over high-level issues, and some of those covered weren’t necessarily what you might expect.

Doctors and nurses can sometimes desire autonomy in their work, looking for freedom to think and problem-solve on their own. And yet, autonomy pulls providers away from collaboration and team-based care, and could possibly be detrimental to patient satisfaction, theorizes David Dobrzykowski, a researcher and assistant professor with Rutgers Business School.

“What we show is that, if you motivate your staff, that will improve your HCAHPS scores and you may not need to spend time on mahogany and fireplaces,” Dobrzykowski says.

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TaxNotes
Falls Church, VA
Monday, March 14, 2016

TaxNotes

As billionaire real estate investor and presidential candidate Donald Trump amasses more Republican primary victories, theories mount about what could be lurking in his federal tax returns -- documents he has so far refused to release.

The latest comes from Jay Soled, tax law professor at Rutgers Business School, who wonders if Trump's returns indicate his use of so-called captive insurance companies, which the IRS has long been wary of because of their potential to serve as a tax dodge.

The term refers to special entities or subsidiaries formed by businesses large and small to insure aspects of their operations when traditional insurance is either prohibitively expensive or unavailable to cover some contingencies. The parent company makes payments to the captive insurers that are regarded as premiums and are tax-deductible for the parent.

"Don't be surprised to learn that Donald utilized some captive insurance companies to reduce his tax burden," Soled told Tax Analysts. "Do I have evidence of this? No, but many, many folks of his wealth class were employing this strategy" during the years Trump says are under audit, Soled says.

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Newark, NJ
Wednesday, March 9, 2016

faculty-staff-bulletin

For the third consecutive year, the U.S. Department of State selected Rutgers to offer the six-week Mandela Washington Fellowship (MWF) program as part of President Obama's Young African Leaders Initiative (YALI)—the only New Jersey university chosen to do so.

Fifty young leaders from sub-Saharan Africa who work with nonprofits and the public and private sectors will receive leadership skills and training at Rutgers that will help them improve local communities, develop economically viable business ventures, enhance peace and security, and promote employment and growth in their regions.

For the first two years, Rutgers has participated in the program as one of only 20 universities; when the U.S. Department of State doubled the size of the program this year, Rutgers followed suit by applying for two institutes—and succeeded.

The Rutgers Centers for Global Advancement and International Affairs (GAIA Centers) also recruited faculty from Rutgers Business School and the Department of Chemistry to offer a brand new sustainable business institute.

"Not many universities get selected to host two institutes," said Kevin Lyons, associate professor of business and academic director of the sustainable business institute. In fact, Rutgers is only one of four universities that will offer two institutes for the fellowship.

"The goal of the institute is to give the fellows a better understanding of decision-making. We're going to give them a decision analysis tool that takes complex bits of information as inputs and helps them analyze different aspects that are calculated into a decision—risk is one such aspect," Lyons said. "The tool can serve as a placeholder for critical information beyond the scope of this fellowship and in their real working lives."

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Asbury Park, NJ
Saturday, March 5, 2016

Asbury Park Press

As Donald J. Trump picks up steam in the Republican presidential primary, New Jersey business leaders say his anti-immigrant, isolationist views would hit the state's economy particularly hard.

New Jersey business groups are trying to wrap their heads around a Trump candidacy, and it's not an easy task. On its face, Trump, a real estate developer, speaks their language as a plain-spoken leader who plans to bring his business acumen to Washington, D.C. But he also has taken aim at minorities and the disadvantaged in a way that would get any CEO of a major U.S. company fired.

"If you look at it from simply the bread-and-butter issues that are most important to the business community, he is a very sympathetic candidate," said Michael Santoro, professor of management and global business at Rutgers Business School in Newark and New Brunswick. "The problem I think for him is no one, no company in the U.S. or the world can really be associated … with many of the attitudes that he’s expressed in this campaign."

"The way he has handled issues of diversity and inclusion are very far from the values of corporate America," Santoro said.

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inc.com
Newark, NJ
Thursday, March 3, 2016

inc.com logo

Even if you are a skilled networker--and you routinely reach out to former colleagues to refresh your rapports--you could be making better choices about which former colleagues you reach out to. That is one of the primary takeaways from an article recently published in the MIT Sloan Management Review called "How to Reconnect for Maximum Impact."

The authors of the study--professors Jorge Walter (George Washington University School of Business), Daniel Z. Levin (Rutgers Business School), and J. Keith Murnighan (Northwestern University's Kellogg School of Management)--studied what happened when more than 150 executives interacted with old ties about an important work project.

Their big finding? Executives chose the contacts they were most comfortable reconnecting with--not necessarily the contacts who'd provide the best advice or novel insights.

"Emotions played a bigger role than we expected," write the authors. That is, the executives were anxious about reconnecting. "When pressed, they gravitated toward contacts with whom they had extensive histories of prior interaction, even if that meant missing out on potential value," note the authors.

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