Wall Street Journal
Treasury’s chief economist is stepping down – 04/22/13
The article notes that James R. and Helen D. Russell Professor of Finance Janice Eberly, who has been serving as assistant secretary for economic policy for the U.S. Treasury since 2011, is returning to her faculty position at the Kellogg School.
If only: Dealing with regret – 04/21/13
Professor of Marketing Neal Roese shares insights from his research on regret. From the article: "Things that are left undone tend to be more powerful, and longer lasting," said Roese. "Especially when we think about worlds left unsaid, things that we wished we had told a loved one before it was too late. These tend to last a long time because they invite our imagination to fill in the blanks in enumerable ways."
More MBA Grads Are Switching Careers as Job Market Improves – 04/18/13
Managing Director of the Kellogg Career Management Center Michael Malone comments on switching industries with an MBA. From the article: “An MBA from a top institution remains one of the strongest ways to change industries or job functions, and we saw that get stronger over the last hiring cycle,” says Michael Malone, managing director of Kellogg’s career management center. “I think that will be equally strong if not stronger this cycle.”
Hard to get down to business in waterlogged city, suburbs – 04/18/13
Lecturer of Management and Organizations Karen Cates comments on the positive impact of giving employees flexibility to deal with personal situations, such as recent flooding in Chicago. From the article: According to Karen Cates, a lecturer at Northwestern’s Kellogg School of Management, showing a little compassion goes a long way towards inspiring loyalty and commitment. “This is an opportunity to cut people some slack, give them a break, so they don’t have to worry,” said Cates. “Some people think you can only motivate people with money. You can motivate people by caring for their lives.”
U.S. News & World Report
Do Dove and Axe Sell the Same Message? – 04/18/13
The article notes the Kellogg Insight article, "The Axe and the Dove: Managing Across Brands at Unilever," which discusses the contradiction in portrayal of female beauty from Unilever's Dove and Axe brands.
Texas governor appeals to Illinois businesses – 04/18/13
Charles H. Kellstadt Professor of Marketing Bobby Calder comments on Texas's use of a media campaign to attract Illinois businesses to the state. From the article: Running advertising on consumer media is not the usual way of landing corporate citizens, said Bobby Calder, a marketing professor at Northwestern University's Kellogg School of Management. Those efforts more typically involve networking, private meetings and the use of public relations to develop a presence in business publications, he said.
Clearing the third generation hurdle – 04/17/13
The article notes a study by Clinical Professor of Family Enterprise John Ward on family firm succession, which reveals that only 30 percent of family-run businesses survive the third generation.
What was the board’s role at JC Penney? – 04/17/13
Eric L Kohler Chair in Accounting Thomas Lys comments on the re-appointment of Mike Ullman as J.C. Penney CEO following the removal of Ron Johnson from the position. From the article: Bringing back Ullman may be more of a stop-gap measure until a permanent CEO can be found, says Thomas Lys.... Even so, the lack of succession planning before Johnson’s ouster is ‘a lapse of the board,’ says Lys. ‘A board that doesn’t have a succession plan in place at any given time is not doing its job.’
Crain’s Chicago Business
Bulls physician leads team investing in Mag Mile surgery center – 04/16/13
Clinical Professor of Health Industry Management Joel Shalowitz comments on a group of doctors from Midwest Orthopedics at Rush, including Chicago Bulls team physician Brian Cole, buying shares of Gold Coast Surgicenter LLC. From the article: “They are where they are, and it's not far from Water Tower,” said Dr. Joel Shalowitz, an internist and clinical professor of health industry management at Northwestern University's Kellogg School of Management. "The question is: Are you cannibalizing your own business?"
eHarmony moves from dating to job matches – 04/16/13
The article highlights research revealing the likelihood of employers at professional service firms to select job candidates they connect with personally and who are a good “cultural fit” for the firm. The study is authored by Assistant Professor of Management and Organizations Lauren Rivera.