MBA News Bites

Stacy Blackman’s Weekly Roundup of B-School Intelligence

Is business school to blame for the widespread failure of leadership? — The New York Times asked earlier this week whether it was time to retrain business schools in the wake of the economic crisis. Finger-pointing abounds these days, and even educators wonder if the way business students are taught may have contributed to the meltdown. “It is so obvious that something big has failed,” says Ángel Cabrera, dean of the Thunderbird School of Global Management.

Finally, Ross students have a place to call home — The Stephen M. Ross School of Business officially opened its doors last Friday and its namesake was on hand to see what that $100 million donation bought him. Students, meanwhile, were ecstatic to have all of their classes and activities centralized instead of spread all over the campus. “It creates a sense of community,” Business senior Josh Cipkala-Gaffin said of the building. “For the past few years our classes have been all over; now it is a one-stop shop.”

U-Md. business school launches initiative for social value creationThe University of Maryland’s Robert H. Smith School of Business has announced the launch of the Initiative for Social Value Creation, a push to engage every student in courses and experiential learning programs that build leadership and an understanding of how businesses can create both economic prosperity and transformative social change. Future leaders must have the values and skills to transform society while creating economic value for their organizations, says dean G. “Anand” Anandalingam.

Cornell launches sustainable portfolio pitch competition — Students from The Johnson School at Cornell University have launched SustaInvest, a sustainable investing portfolio pitch competition focused on maximizing profitability and sustainability in investment decisions. The SustaInvest Student Management Committee developed the competition to highlight the opportunity to find profitable investments with social and environmental benefits.

Tuck explores key elements for big pharma’s futureTuck School of Business at Dartmouth recently hosted its third annual Global Healthcare Conference, where the topic of the day focused on the drug developers’ progress in streamlining their operations and enhancing their products and services. Keynote speaker Caroline Kovac, PhD, a venture partner with life sciences investment firm Burrill & Company, said “The next ten years in healthcare will be about ”˜creative destruction’ and will threaten some existing business models,” but will “offer extraordinary opportunities as well.”

Power gives the illusion of control — New research from Niro Sivanathan, assistant professor of organizational behavior at London Business School, shows that the experience of power can lead to an illusion of control. “Our research found that power led to perceived control over outcomes that were uncontrollable or unrelated to power,” Sivanathan explains.

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