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Kelley School of Business Indiana University Bloomington
Kelley School of Business

‘Creating companies where women can thrive’ is the focus of Business Horizons’ latest issue

Posted on by George Vlahakis

 

BLOOMINGTON, Ind. – For many years, professional women have been told to “be more assertive” or “less emotional,” while also being advised to “demand a seat at the table.”

But the notion of placing the responsibility on women to advance within organizations is thankfully beginning to change, said Carolyn Goerner, clinical professor of management at the Indiana University Kelley School of Business (pictured below). Companies are beginning to see the value of being more inclusive.

“Beyond mere diversity or having a representative number of employees from different social categories, the best companies today focus on inclusion,” Goerner writes in the article, “Creating companies where women can thrive,” in the latest issue of Business Horizons. “In an inclusive company climate, workers feel comfortable bringing their ‘full selves’ to work.

“While traditional thinking about gender diversity suggests that women need to be more like mainstream men to succeed, current perspectives of inclusion assert that women are necessary in organizations because they are women,” she added. “The unique skills and perspectives of women help a company reach new levels of success.”

Goerner, who joined the Kelley School in 2000 and has coached many successful female students, is guest editor of the September/October 2019 issue of Business Horizons, an academic and practitioner journal published by the Kelley School. The issue features a special section on issues facing women in the corporate world, featuring seven articles and an interview with Cheryl Henry, president and CEO of Ruth’s Hospitality Group, the parent company of Ruth’s Chris Steak House.

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Open Medicare data helps IU researchers uncover potential hidden costs of health care

Posted on by George Vlahakis

stethiscope on money

 

BLOOMINGTON, Ind. — An interdisciplinary team of Indiana University scientists studying Medicare data has found an association between health care industry payments to medical providers for non-research expenses and what these providers charge for medical services — shedding new light on potential hidden costs to the public.

Their findings, published Sept. 20 in Nature Communications, demonstrate that medical providers receiving higher amounts of industry payments tend to bill higher drug and medical costs. Specifically, they found that a 10 percent increase in industry payments to medical providers is associated with 1.3 percent higher medical costs and 1.8 percent higher drug costs.

For example, a $25 increase in annual industry payments to a typical medical provider would be associated with approximately $1,100 higher medical costs and $100 higher drug costs.

Jorge Mejia

Jorge Mejia

“Let’s be clear here — we should not find such an association,” said Jorge Mejia, co-author on the paper and an assistant professor of operations and decision technologies at the IU Kelley School of Business. “Our findings raise the possibility that medical providers may be unduly influenced by payments from the health care industry.”

It’s important to note that an association shows that two variables appear to change at the same time, whereas causality implies that one variable causes another variable to change. This study does not prove causality, which the researchers said would be difficult to do with secondary data.

Jorge Mejia’s co-authors are Amanda Mejia, assistant professor in the Department of Statistics, and Franco Pestilli, associate professor in the Department of Psychological and Brain Sciences, both in the IU College of Arts and Sciences.

Amanda Mejia said the team controlled for several key variables to rule out the possibility of other drivers of the association between industry payments and medical costs.

“We found that the association was still there after taking into account the size of the practice, its location and drug prescribing levels,” she said.

Pestilli said the large Medicare data sets that the researchers used were made openly available as part of the 2010 Affordable Care Act.

“Our research capitalized on such openly shared data,” Pestilli said. “We demonstrate the value of open data in providing society with critical insights on hidden costs that can be addressed at the policy level.”

But Jorge Mejia said transparency alone is not enough to fix these hidden costs. That’s why studies like this one are important: They help interpret the data so the public can better understand what it means.

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Kelley global immersion opportunities change lives, including for those going to South Africa

Posted on by George Vlahakis

 

Editor’s note: This guest column was written by Kelly Eskew, clinical associate professor of business law and ethics and instructor of a Kelley X272 course.

BLOOMINGTON, Ind. — Every spring, the Indiana University Kelley School of Business sends out nearly 450 second-semester sophomores on a great adventure, taking the classroom to every continent (except Antarctica) to study the culture, economy and political systems of 18 countries around the world.

This group of rigorous courses — known as “X272s” — allows students to immerse themselves in global challenges and opportunities focused on a specific region, and then to travel and apply that learning through local and personal experiences.

Each department in Kelley is home to at least one X272 course. Classes meet for eight weeks of intense study and preparation on campus, followed by a seven- to nine-day study tour.

I would like to share with you my X272 course, “Business and Human Rights in South Africa.” There is no greater privilege than my responsibility for shepherding this life-changing learning experience for my incredible students and then watching how it impacts the vision each has for the principled way in which he or she will conduct business. (more…)

IU Kelley School’s Full-Time MBA Program soars into Forbes’ top 20 rankings

Posted on by George Vlahakis

 

BLOOMINGTON, Ind. – “Go From Moment to Momentum” is a familiar refrain around the Indiana University Kelley School of Business and new rankings of its Full-Time MBA Program continue to reflect that reality. In Forbes’ latest rankings of MBA programs, Kelley has moved up into the Top 20.

The residential MBA program, now ranked 19th, moved up six places from being 25th among U.S. programs a year ago. The business publication reached out to about 17,500 alumni at more than 100 schools worldwide. The program was ranked third in Big Ten and seventh among public institutions.

The Forbes ranking focuses on programs’ return on investment, and is based on the five-year gain in compensation reported by MBA graduates after accounting for their opportunity costs (two years of forgone compensation), tuition and required fees minus scholarships.

Kelley had the fastest payback periods of any MBA program in Forbes’ Top 20. Graduates from the Class of 2014 at Kelley increased their earnings from $55,000 on average before school to $145,000 last year.

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Students at Brazil’s top business school spend a week at Kelley, rekindle friendships made during immersion course in São Paulo

Posted on by George Vlahakis

 

BLOOMINGTON, Ind. – As winners of a case competition in Brazil, two students at the University of São Paulo recently spent a week visiting the Indiana University and the Kelley School of Business.

While at Kelley, Giovanni Ginese and Roberta Versiani (pictured above with Erica Kovacs, middle) attended classes in I-Core Leadership, business economics, management and international business. They met with Kelley faculty originally from their home country.

It wasn’t all business – they enjoyed music by a Prince tribute band and the Jefferson Street Parade Band at IU’s First Thursdays arts and humanities festival. They attended their first “American football” game – IU’s historic 52-0 victory over Eastern Illinois University – had B-Town pizza and got to go to Nick’s English Hut.

But primarily it was a reunion of sorts for Ginese, a second-year student in business and accounting, and Versiani, a fifth-year student getting ready to graduate, with Kelley students they met through D272, a Kelley undergraduate immersion course that took 23 students to Brazil in May (pictured below).

The Brazil class is one of 18 international immersion courses that are part of the Kelley undergraduate curriculum, which helped more than 400 students expand their global awareness. The University of São Paulo is Brazil’s largest public university and the country’s most prestigious educational institution.

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Kelley Dean’s Council member helps students and faculty better understand financial markets through Barron’s in Education program

Posted on by George Vlahakis

 

BLOOMINGTON, Ind. – Thanks to support from a member of the Indiana University Kelley School of Business Dean’s Council and Morgan Stanley, students and faculty will have complimentary access to real-world, market-moving information and analysis from Barron’s.

The Kelley School’s new partnership with the Barron’s in Education program from Dow Jones is the result of generous support from The Roeser Group at Morgan Stanley, a Chicago-based wealth advisory firm led by Kelley Dean’s Council member Kathy Roeser.

Beginning this fall, Kelley students, faculty and staff will have free 24/7 access to the investment publication online, including its real-time analysis and commentary on the markets. (more…)

Lilly SVP and CIO Aarti Shah visits Kelley, offers practical career advice to students

Posted on by George Vlahakis

 

BLOOMINGTON, Ind. – Students studying business analytics at Indiana University’s Kelley School of Business recently received a unique opportunity to meet Aarti Shah, Ph.D., senior vice president and chief information and digital officer of one of the world’s leading healthcare companies, Eli Lilly and Company.

Shah is known for her inspirational and sincere leadership style and for successfully leading global cross-functional teams — from vision development to strategy creation to execution. This was evident in her presentation on Sept. 5 to around 150 Kelley undergraduate students and faculty and at another event with more than 50 female MBA students.

Much of her presentation focused on digital and data analytic trends and their impact on business models in the future, but she also provided Kelley students with warm, meaningful advice gleaned from her life and career, which includes 25 years at Lilly, in positions of steadily increasing importance. She leads all of Lilly’s efforts in technology, digital health, cyber security, advanced analytics and data sciences globally.

After expressing admiration for the Kelley School and the depth of its programs in business analytics, information systems and cybersecurity, Shah emphasized to students the importance of their professors and others who serve as their mentors and coaches.

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Kelley School undergraduate program, several specialties ranked in the top 10 by U.S. News

Posted on by George Vlahakis

 

BLOOMINGTON, Ind. — Indiana University’s Kelley School of Business continues to deliver a quality experience for undergraduate students, as demonstrated through record enrollment gains and another top 10 ranking among all business schools in the U.S. News rankings.

Kelley also was ranked 10th last year and continues to be ranked second among its Big Ten peers and sixth overall among public institutions. The school has ranked in U.S. News’ top 10 in four of the past five years.

“We always appreciate being seen as a top 10 business school through rankings like these, but also important to us is the confidence placed in our program by our students and their families, who see tremendous value in the education we offer and our talent-management model, as well as from companies across the country and the world who recruit our graduates,” said Kelley Dean Idalene “Idie” Kesner.

She noted that Kelley prides itself as often being a “first mover” among its peers through initiatives such as Kelley Compass, which helps students build their personal brand, its I-Core program enabling students attain an understanding of the cross-functional relationships between finance, marketing, operations and leadership, and its ethics simulation.

This fall, the Kelley undergraduate program had the largest class of freshman direct admit students in the school’s 100-year history — 1,973 students — with an average entering grade-point average above 3.9 and an average SAT score of just over 1434. Overall enrollment totals nearly 7,940 students and the program has seen gains in the number of admitted women and underrepresented minorities. Female enrollment has risen by 115 percent since 2011, and underrepresented minority enrollment has grown by nearly 224 percent over the same period.

Kelley’s entrepreneurship specialty remains first among public schools and third overall, and its accounting program moved up from sixth to fourth overall. Seven other specialties also were ranked in the top 15, including marketing (sixth), management and management information systems (seventh), finance (ninth), production/operations management (11th), quantitative analysis (12th), and supply chain management/logistics (15th).

U.S. News only ranks undergraduate programs accredited by the Association to Advance Collegiate Schools of Business, and results are solely based on surveys of deans and senior faculty. Its peer-assessment score is based on two years of data about programs that are considered the best in a variety of specialty areas.

In U.S. News’ new rankings of national and regional universities, IU Bloomington climbed 10 spots overall and once again is listed among the nation’s top 40 public universities. In a year in which the overall category of national universities expanded in size by about 80 institutions — from 336 to 418 — IU Bloomington increased its ranking to 79th and rose to 31st among public universities, up eight spots from last year.

Kelley’s Blake Bradley dove into Toyota internship, surfaced with new direction

Posted on by Tracy James

 

COLUMBUS, Ind. — This summer, Kelley School of Business undergrad Blake Bradley learned firsthand that the oft-told tale of the well-prepared Kelley intern is absolutely true. He arrived at Toyota Material Handling in Columbus, Ind., ready to learn about supply chain management and found that he could hit the ground running.

“The Toyota Production System is world-renowned for its approach to supply chain management. We learned about TPS in my supply chain management course and then I was using it in my day-to-day work, which was cool. You hear the clichéd stories about Kelley students being well prepared. But then I got there and was like, ‘Whoa, I actually know what these people are talking about,’” Blake said.

Blake served as a process improvement intern and was one of 26 interns from universities in Indiana, Illinois, Wisconsin, North Carolina, and Texas.

“I got way more out of my internship than I expected — new friends, connections, maturity and leadership skills that I never expected to receive,” he said.

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IU Entrepreneurial Connection Day features Silicon Valley innovator that is generating ‘buzz’

Posted on by George Vlahakis

 

BLOOMINGTON, Ind. – Neal Rickner, a Silicon Valley tech executive and chief operating officer of Makani, a next-generation wind-turbine company owned by Alphabet, will speak September 6 at the Indiana University Kelley School of Business’ Entrepreneurial Connection Day.

Rickner has led several multidisciplinary teams across Makani, including those involving corporate strategy, project development, finance, legal, policy, communications, supply chain and facilities. Before joining Makani, Rickner led multiple teams at Google including a team on Google Helpouts, a live-video online learning startup within the company.

His presentation will begin at 1 p.m. in room 1055. of Hodge Hall Undergraduate Center, 1309 E. Tenth Street. It will be followed by an annual networking event for IU Kelley entrepreneur alumni and students from 2:30 to 4:30 p.m., featuring alumni Theresa Krier, founder of Big T NYC, and Matt Hunckler, CEO of Powderkeg.

There is no cost to attend, but registration is required. This is the 12th year for the event, which is organized by the Johnson Center for Entrepreneurship and Innovation. (more…)

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