Several influential media featured the accomplishments of the School of Management and the expertise of its faculty over the past year.
Below is a summary of some of the school's citations in prominent national and regional media. These media placements enhance the school's national reputation and help to brand it as one of the nation's top business schools.
The School of Management ascended 13 places in Bloomberg Businessweek’s ranking of the nation’s best full-time MBA programs, coming in at No. 47. Among public B-schools, the School of Management is ranked No. 22. (See story in Startups.)
U.S. News and World Report again ranked the School of Management among the nation’s best undergraduate business programs for 2017. The school rose three spots from last year to No. 77, placing it solidly in the top 10 percent of accredited B-schools. (See story in Startups.)
Charles Lindsey, associate professor of marketing, was quoted in a front-page Washington Post article about how much revenue from the sale of pink gear at professional and high school sporting events actually goes toward breast cancer research. “To the extent that it leads to a bump or moves the needle in terms of direct donation, that’s great,” Lindsey said. “But when you get down to the nitty-gritty ... and we talk about how much [money] passes through, it’s like anything in society: We all can improve.”
A story in Entrepreneur highlighted a study by Jim Lemoine, assistant professor of organization and human resources, that found that even successful companies became less efficient when management set unrealistic expectations for employees.
The End of Accounting, a new book co-authored by Feng Gu, associate professor and chair of the Accounting and Law Department, was featured in Inc., Forbes, Fortune and other national media. The book argues that generally accepted accounting principles do not reflect the fundamentals of business or future performance indicators, like patents or customer growth. “The time has come for firms to regularly provide information of true value to investors to supplement accounting’s serious shortcomings,” Gu wrote in an excerpt published by the Wall Street Journal. (Read more in our feature story.)
Fast Company reported on research by Lemoine that found that in collaborative work teams where women are outnumbered, they are more likely than men to emerge as leaders. “When a group is composed of lots of extroverted people, they talk more,” Lemoine said in a video interview. “They’re actually getting to understand each other’s strengths and weaknesses and who might be the better leader.” (See story in Insights.)
Sudhir Suchak, clinical assistant professor of finance, was quoted by CBS MoneyWatch in an article about revelations that, to meet high sales targets, Wells Fargo employees opened more than 2 million deposit accounts and credit cards without customer authorization. Suchak said such goals require strict oversight. “The key is monitoring,” he said. “Without that, it will not be successful. And that means monitoring by all levels at the bank, especially upper management.”
Michael Dambra, assistant professor of accounting and law, was quoted by the Associated Press in a national article about pension cuts 35,000 New York Teamsters union members were facing to bail out their pension fund. “It’s a little bit of a cop-out to say they haven’t been able to recover from 2008, 2009,” Dambra said.
Courtney Walsh, assistant dean of executive education, was quoted in a U.S. News and World Report story about certificate programs and “mini MBAs” in online education. Walsh said the School of Management’s individualized, non-credit-bearing Mini MBA program appeals to professionals looking to update their skills or search for new opportunities. “I think it’s about quicker gratification – quicker showing of results for themselves and potential employers,” she said.
A Huffington Post story about the crumbling infrastructure in Nairobi, Kenya, cites research by Debabrata Talukdar, professor of marketing, that found slum residents are stuck in a “low-quality, high-cost trap.” The article states: “Housing is not affordable in Nairobi’s slums, infrastructure does not improve and people are stuck with poor and insecure living conditions. All because this is quite lucrative for many who get high rental returns for providing next to no services.”
Jerchern Lin, assistant professor of finance, was interviewed for a Buffalo News article about shareholder activism fueling a battle for the future of Five Star Bank. Lin said the nature of shareholder activism has changed since the 1980s from a “soft touch” to a more forceful push for action. “Before, they didn’t have such a strong demand on board seats,” he said.
Alan Dick, associate professor and chair of the Marketing Department, was quoted in a Buffalo News story about the growing number of consumers willing to pay more for products or services from companies committed to making a positive social and environmental impact. “There’s a greater awareness of how purchases might affect societal issues,” Dick said. “People want to make socially conscious purchases, but they also want to be able to share [on social media] that they made that purchase and what it says about them.”
Jerry Newman, SUNY Distinguished Teaching Professor Emeritus, shared his expertise in a Buffalo News story about the high compensation packages many hospital executives earn. Few candidates have the skills and experience to fill these high-pressure positions, according to Newman. “It’s one of the worst supply-demand imbalances I’ve ever seen,” he said.