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Kelley School of Business Indiana University Bloomington
Kelley School of Business

Kelley professor joins national committee studying U.S. medical product supply chain

Posted on by George Vlahakis

BLOOMINGTON, Ind. – George Ball, associate professor of operations and decision technologies and Weimer Faculty Fellow at the Indiana University Kelley School of Business, has been invited to join a national advisory committee studying the security of the U.S. medical product supply chain.

George Ball headshot

George Ball

The ad hoc committee, established by the National Academies of Sciences, Engineering and Medicine in response to the Coronavirus Aid, Relief and Economic Security (CARES) Act, has been tasked with assessing and evaluating the dependence of the United States on critical drugs and devices that are sourced or manufactured outside of the United States and provide recommendations to improve the resiliency of the medical supply chain.

“Recent disasters and health emergencies including, but not limited to COVID-19, have increased recognition of the fragility of the U.S. medical supply chain,” reads the study’s description. “In the past several years, consolidation, competition and the push for greater efficiency has led hospitals and healthcare systems to retain a more limited supply of drugs and medical devices on hand, adding additional stress to existing logistical challenges.

“Previous efforts have identified these supply chain issues generally as both a public health and national security risk, but only limited research has been conducted into the impact of shortages on patient care, the potential policy, regulatory and systems solutions that could help better prevent and mitigate the impact of shortages and the economic costs or incentives of implementing significant changes.”

“I am honored to have the opportunity to join this outstanding committee. Our work has important ramifications for U.S. public health.” Ball said.

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Ten students from Indiana chosen for prestigious Kelley Scholars scholarship program

Posted on by George Vlahakis

BLOOMINGTON, Ind. — Ten incoming Indiana University freshmen from across the Hoosier state have been selected as Kelley Scholars at the Kelley School of Business.

The Kelley Scholars, who intend to major in business at IU Bloomington, will receive standard tuition and fees, a stipend for living expenses and funding for academic activities such as overseas study.

The Kelley Scholars Program is funded by a multi-million-dollar gift from E.W. “Ed” Kelley and his family, made to IU in the fall of 1997. The university named its school of business for the Kelley family in acknowledgment of the gift.

This year’s class of Kelley Scholars was selected from a group of top students admitted to IU, who were invited to apply for the program because of their outstanding academic records. The application included references, a high school transcript, several personal statements on a variety of topics and an essay.

The 2021-2022 Kelley Scholars are:

  • Adam Yaggy, a graduate of Bishop Dwenger High School in Fort Wayne. He is a tennis Academic All-State and 4-time sectional champion. He has been highly involved in volunteer opportunities with more than 120 hours of community service, is a member of the National Honor Society and a self-taught pianist. He plans to major in management.
  • Andrew Eichstadt, a graduate of Northridge High School in Middlebury. He is a National Merit Scholarship semi-finalist and valedictorian. He has been involved in many extracurricular activities, including the Startup Moxie Elkhart County program and was vice president of student council. He plans to major in finance.
  • Ava Frank, a graduate of Fishers High School. She is a National Merit Scholarship semi-finalist and graduated summa cum laude. She has served on a variety of academic teams such as Quiz Bowl, Science Olympiad, Spell Bowl and was team captain for Academic Super Bowl Math Division. She plans on majoring in finance.
  • Carly Wiegel, a graduate of Park Tudor School. She is an AP Scholar with Honor and an inductee into the Cum Laude Society. She has been involved in Model UN, helped to conduct research on migraines and has served as a co-chair for the school’s Habitat for Humanity build. She plans to major in finance.
  • Ella Greenawald, a graduate of Carmel High School. She is a recipient of the 3-Dimensional Leadership Award and placed first at DECA’s state competition. She was four-year member of her high school softball team and member of her high school’s House of Representatives. She plans to major in finance.
  • Faith Peebles, a graduate of Greenwood Community High School. She served as her high school’s student body president and was on the Greenwood mayor’s Youth Council. In addition, she participated in cheer leading and track and field. She plans to major in marketing.
  • Maddie Kosc, a graduate of Carmel High School. She is an AP Scholar with Distinction and member of the National Honor Society. She has served on Carmel mayor’s Youth Council, participated in peer tutoring and was co-president of the Science of Caring organization. She plans to major in marketing.
  • Reagan Frank, a graduate of Fishers High School. She was salutatorian of her class and is a National Merit Semi-Finalist. She served as president of the Fishers High School Transfer Student Program and as team captain on the speech team. She plans to major in finance.
  • Ryder Stults, a graduate of Hamilton Southeastern High School. He is an AP Scholar with Distinction and was an international qualifier in the Indiana DECA State Competition last year. He was a finalist in the National Personal Finance Challenge this year. He also served as an executive board member of the Hamilton County Cooperative Extension. He plans to major in finance.
  • Sonya Vyas, a graduate of Center Grove High School. She is an AP Scholar with Distinction and member of the National Honor Society. Sonya has served as a Special Olympics volunteer, a varsity tennis player and was the president of Math Honor Society. She plans to major in management.

For more information about the Kelley Scholars Program, contact the Kelley School of Business, 812-855-4474 or ksbrsvp@indiana.edu.

Kelley School co-hosts international conference on tackling global sustainability challenges

Posted on by George Vlahakis

Smart factory and telecommunication network concept. abstract mixed media.

 

BLOOMINGTON, Ind. – Amid concerns over sustainability issues, ranging from climate change, widening inequality, to the global pandemic, the Indiana University Kelley School of Business served as co-host to the inaugural Conference on Innovations to Tackle Global Sustainability Challenges.

Stephanie Wang, assistant professor of international business and strategy, served as program chair. Jeff McMullen, the David H. Jacobs Chair in Strategic Entrepreneurship and professor of entrepreneurship, was one of the presenters. The IU Center for International Business Education and Research, housed in the Institute for International Business, organized the virtual conference along with CIBERs at George Washington University and the Georgia Institute of Technology.

Stephanie Wang headshot

Stephanie Wang

The theme of the conference on May 20-21 was “Innovations to Tackle Global Sustainable Challenges.” Panel topics included, “Organizational Sustainability Initiatives – Multinationals vs. Entrepreneurs,” “Corporate Social and Environmental Innovation” and “Corporate Sustainable Development – Developed vs. Emerging Markets Multinational Companies.” The closing panel focused on practitioners’ views – “what managers say.”

Wang said she felt very honored to serve as the program chair. “I am a firm believer that research should be not only scholarly rigorous but also managerially relevant,” she said. “Through our two-day conference, we were able to highlight this important research agenda, exchange ideas among scholars from different disciplines (one of the panels also included scholars in the natural sciences) and promote dialogues between scholars and practitioners.”

Nearly 200 people attended the conference via Zoom from locales all over the world.

We asked Wang and McMullen to summarize the conference and broader issues involving Corporate Social Responsibility through a Q&A: (more…)

Faculty remember their colleague Craig Holden, establish a doctoral fellowship in his memory

Posted on by George Vlahakis

Two men, Craig Holden and a graduate, pose for a picture at graduation

Craig Holden, left, shares a moment at commencement with one of his students, Lu Dong.

BLOOMINGTON, Ind. – Friends, family and colleagues of Craig Holden hope a new doctoral fellowship being established in his name will be a fitting way to honor his memory and his many valued contributions to the Finance Department at the Indiana University Kelley School of Business and to the profession.

Holden, a Kelley School faculty member for more than three decades, had led the department as its chair since 2018 and was the Gregg T. and Judith A. Summerville Chair of Finance when he died on April 3 at the age of 65.

“Craig was more than just a great researcher, teacher and administrator; he was a colleague and friend to so many in the Kelley School family.  Over his many years on the faculty, Craig contributed mightily to our school’s mission, and he reflected our school’s values,” said Idalene “Idie” Kesner, dean of the Kelley School and the Frank P. Popoff Chair in Strategic Management. “We will always be grateful to him for showing us what it means to be a true organizational citizen in service to our school and stakeholders.”

Sreeni Kamma, chairperson of finance graduate programs, associate professor of finance and the E-II Faculty Fellow, said the finance department lost a valued and collegial leader and mentor and that the finance profession lost a leading scholar and stalwart supporter of research collaboration.

“Craig was the mainstay of our doctoral program. He chaired over 22 doctoral dissertations and served in at least 40 other dissertation committees. Many doctoral students owed their future careers to him,” Kamma said. “Craig inspired not only their research but trained them to be good teachers as well. He was instrumental in starting the teaching seminar for doctoral students to help them become better teachers and taught the course himself for several years.

“His generosity in sharing research ideas, research strategies, data and computer programs, teaching materials and effective classroom skills helped jumpstart many careers,” Kamma added.  “His students now contribute to the profession from virtually all corners of the globe. Their contributions are a fitting testament to Craig’s legacy and will have a lasting impact.”

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How does the job market look like for the Class of 2021 ? The answer: much better

Posted on by George Vlahakis

Three women, including a company, recruiter have a conversation while standing

 

Editor’s note: As the class of 2021 graduates this weekend and leaves the Indiana University Bloomington campus to embark on new challenges and careers, we asked Rebecca Cook, executive director of  undergraduate career services at the IU Kelley School of Business, to reflect on the current job market. She also offers insights into what summer internships may be like for current students.

Below are Cook’s thoughts:

“The summer of 2020 was a mess for student internships and full-time roles, with pretty much all either going virtual or, in the case of many internships, being cancelled altogether as companies tried to figure out business during the pandemic.  Luckily, the job outlook for both full-time roles and internships in May 2021 looks a lot different – and a lot better.

Rebecca Cook headshot

Rebecca Cook

“The job market is hopping right now with a significant number of internship and full-time opportunities, as companies open up and business grows. Industries such as professional services, technology, health care, manufacturing and financial services are all seeing significant upticks in job postings. Even companies hard-hit by the pandemic, such as retail and hospitality, are picking up their hiring.

“While hiring is back to pre-pandemic levels in many industries, the level of competition for those roles has increased significantly. In a normal year, the majority of job seekers are that year’s graduates. However, this year we have 2021 grads plus some 2020 grads who still are seeking plus those who went to graduate school to put off job hunting during the pandemic and are now graduating. This all leads to a much more competitive job market and one where a student needs to work to stand out from the crowd, particularly through networking and reaching out to potential connections at their companies of interest.

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Kelley School’s Master of Science in Finance degree is now STEM-designated

Posted on by George Vlahakis

Candid images of MSF students interacting in a classroom

 

BLOOMINGTON, Ind. – In recognition of the analytical and technical competencies possessed by its graduates and the contributions they can make to employers, the in-residence Master of Science in Finance program at the Indiana University Kelley School of Business is now STEM-designated.

Beginning with those earning degrees this spring, graduates of the program will carry the extra designation of being Science, Technology, Engineering and Math certified.

When Kelley’s Master of Science in Finance program was launched in 2018, it was designed to meet the needs of many young professionals, including those with undergraduate degrees in the liberal arts, engineering, informatics, the sciences and other disciplines featuring analytical reasoning and critical thinking skills.

Interest in the degree has quickly grown and enrollment has as well, by nearly three-fold, from an inaugural class of 16 to 55 students beginning the program this summer. One guide used by prospective students, Master’s in Finance Degree Guide, ranked Kelley’s Master of Science in Finance degree first among Big Ten schools, second among public institutions and sixth overall.

“The STEM designation opens up more opportunities for our students, and it also confirms what we already know about our graduates — they have the critical thinking skills and technical proficiencies that businesses in every industry are looking for,” said Idalene “Idie” Kesner, dean of the Kelley School and the Frank P. Popoff Chair of Strategic Management.

Idalene "Idie" Kesner head shot

Idalene “Idie” Kesner

Ash Soni, executive associate dean for academic programs, professor of operations and decision technologies, and the SungKyunKwan Professor, said he expects enrollment in the program to grow now that it is STEM-designated, based on previous inquiries, as well as one that is more diverse.

“One thing that sets our Master of Science in Finance program apart from our competitors is that we provide students who followed a passion in their undergraduate major to add a year of intensive finance training so they can offer a more compelling combination to recruiters in their chosen career path,” Soni said.

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IBRC analysis of U.S. Census results: Indiana added nearly 302,000 residents since 2010

Posted on by George Vlahakis

 

BLOOMINGTON and INDIANAPOLIS — The U.S. Census Bureau released its first results from the 2020 U.S. Census on April 26 and revealed that Indiana added 301,726 residents since the last census was taken in 2010 — a 4.7 percent increase. Indiana’s official population count was 6,785,528 as of April 1, 2020.

Matt Kinghorn head shot

Matt Kinghorn

This once-a-decade head-count shows that Indiana’s pace of population change this decade falls short of the state’s growth rate during the 2000s (6.6 percent growth) and the 1990s (9.7 percent) but exceeds the change seen in the 1980s (1 percent), said Matt Kinghorn, senior demographic analyst at the Indiana Business Research Center at the Indiana University Kelley School of Business.

The Indiana Business Research Center is part of a national network of state data centers and acts as Indiana’s official state representative to the Census Bureau on matters relating to the census and population estimates.

Kinghorn noted that Indiana’s population growth was strong enough to ensure that the state retained its nine seats in the U.S. House of Representatives. In all, seven of the nation’s 435 congressional seats will be reassigned based on the Census data. Neighboring Illinois, Michigan and Ohio are among the states to lose representation. Meanwhile, six states will pick up at least one seat, with Texas being the lone state to add two new representatives.

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Kelley Direct Online MBA program again ranked No. 1 in U.S. by QS and The Princeton Review

Posted on by George Vlahakis

 

BLOOMINGTON, Ind. – For the second time in a week, the Kelley Direct Online MBA program at Indiana University has been ranked No. 1 in the nation.

On April 15, the Princeton Review placed Kelley Direct at the top of its online MBA rankings for the fifth year in a row. On April 21, QS Intelligence Unit — which also produces the QS World University Rankings – ranked the program seventh in the world and again first in the United States.

With a score of 92.7 out of 100, Kelley Direct’s classroom experience also was one of the best in the world in QS’ rankings.

QS’ editors noted that the market for online MBA programs remains increasing competitive, particularly in the United States. Nearly one-half of the programs it ranked were based here. The 57 programs featured in this year’s edition of the ranking represented a 10 percent increase from a year ago, with the majority of new programs being American.

In its coverage, the Princeton Review explained why Kelley Direct is “perennially ranked at the top,” noting that it “the only top tier program that was affordable and value-adding.” They highlighted its flexible schedules, networking opportunities and “devoted professors who ‘get it.’”

“It truly is a program designed for people who have demanding full-time jobs and need to be able to manage their own time,” one student told the Princeton Review. “There are times when I am actually overwhelmed by how organized my professors are. They are always on top of things, and the quality of teaching is exceptional,” said another student.

Launched in 1999, Kelley Direct is the original online MBA program from a top-tier business school. Earlier this year, the program was recognized by Poets & Quants as its MBA Program of the Year — the first time an online MBA program had earned that distinction. U.S. News & World Report ranked it third overall and No. 1 for veterans.

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Statement from Kelley School Dean Kesner after Derek Chauvin was found guilty of all three charges in the murder of George Floyd

Posted on by George Vlahakis

Below is a statement from Idalene “Idie” Kesner, dean of the Indiana University Kelley School of Business, after Derek Chauvin was found guilty of all three charges in the murder of George Floyd:

Dear Kelley Students, Faculty, Staff and Alumni,

Eleven months ago, we watched with outrage the appalling video footage of George Floyd’s death as Derek Chauvin kneeled on his neck and back for 9 minutes and 29 seconds. The ensuing months saw mass demonstrations in support of Black lives and redoubled institutional and individual commitments to dismantle systemic racism and to pursue antiracist policies and practices. Over the past several weeks in a Minneapolis courtroom, witnesses recounted anew the tragedy of George Floyd’s death as Derek Chauvin’s murder trial unfolded. Today, the jury convicted Chauvin on each of the three counts with which he was charged. A verdict in a murder trial is at most imperfect justice. It does not erase the pain that accompanied George Floyd’s death, and it does not return him to his loved ones. Today’s result signals some accountability in this instance for this particular officer. Yet there is more to be done to ensure that no one is a victim of the sort of brutality to which George Floyd was subjected and to which Black men and women, as well as indigenous people and other people of color, are disproportionately subjected.

Coming so closely on the heels of the deaths of Daunte Wright and Adam Toledo at the hands of police officers; the abusive traffic stop of Caron Nazario; and the string of mass shootings across the country, including the Atlanta and Indianapolis murders that deeply impacted Asian/Asian American and Sikh communities respectively, the jury’s verdict lands in a moment when we are nonetheless reminded of the necessity that we recommit to fighting systematic racism, wherever it exists. As a community, the Kelley School stands firm in its support against systemic racism, bigotry, discrimination, marginalization, and all forms of oppression.  We ask each member of our community to stand in solidarity, opposing discrimination of any type and recognizing that discrimination due to race, ethnicity, gender, sexual orientation, country of origin, class, or ability is anathema to our values and principles.

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Eli Lilly CIO, Deloitte U.S. board chair and theGrio chief content officer speaking at IU Kelley School

Posted on by George Vlahakis

BLOOMINGTON, Ind. – Diversity Month at the Indiana University Kelley School of Business will conclude with presentations by two successful female leaders in the C-suite and another featuring the chief content officer of theGrio, a news organization covering Black America.

Kelley’s Full-Time MBA Program has been presenting the event series, “Unity in Diversity,” which already has included panel discussions featuring alumni discussing how to be a “person of influence” and how women can succeed in their careers. Chris Gardner, an entrepreneur and author of the autobiographical book, “The Pursuit of HappYness,” spoke on April 16.

Here is more about the upcoming presenters: (more…)

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