Kelley conference examines how disruption can benefit innovation

Posted on February 13, 2018 by George Vlahakis

In his 2009 best-selling book, “The Innovator’s Prescription,” Harvard University scholar Clayton Christensen explained why many companies miss out on new waves of innovation. Successful companies with established products will get pushed aside unless managers know how and when to abandon traditional business practices, he said.

Life sciences companies were among those analyzed in the book — named one of the top 100 leadership and success books to read in a lifetime by Amazon’s editors — using Christensen’s disruptive innovation model and framework.

On Friday, Ann Christensen, president of the Christensen Institute will be a keynote speaker at the next event in the Indiana Life Sciences Collaboration Conference Series.

“Major changes are more likely to come from firms and organizations outside of its current, established players, perhaps at Google, Apple, Amazon, and Samsung. This conference will look at what’s ‘bubbling’ at these potential new additions to the industry mosaic,” said George Telthorst, director of the Center for the Business of LifeSciences. (more…)

Health care coalitions, set up after 9/11 to address disasters, improve everyday incident responses

Posted on February 6, 2018 by George Vlahakis

Paramedic team pushing stretcher with injured person towards ambulance.

BLOOMINGTON, Ind. — The goal for most first responders is to deliver patients to the nearest emergency room as soon as possible. But what happens to patients if a hospital bed isn’t available when they need to be admitted for more specific care?

New research from Indiana University’s Kelley School of Business finds that health care coalitions — federally funded community organizations created after the 9/11 attacks to coordinate responses to mass casualty incidents — can significantly improve responses to smaller-scale situations happening daily in large urban areas.

“Although these organizations were initially conceived to prepare for large disasters, they can have a substantial benefit in more routine incidents, suggesting that communities should find ways to more closely integrate health care coalitions into daily emergency response,” the authors wrote in a paper that appears in the current issue of Production and Operations Management.

The paper, “Coordination of Autonomous Healthcare Entities: Emergency Response to Multiple Casualty Incidents,” shows that “coordination through information sharing can provide a surprisingly large benefit even in very small incidents — those with only a few patients.”

Mohan Tatikonda

“What this paper shows is that health care coalition coordination is tremendously powerful in terms of getting more patients to the right care more quickly and getting them through their care processes,” said Mohan V. Tatikonda, professor of operations management at the Kelley School on the IUPUI campus, where he teaches in the school’s Business of Medicine Physician MBA Program.

As competitors, hospitals and other health care providers understandably have been reticent about sharing data. But Alex Mills, an assistant professor of operations and decision technologies at the Kelley School at IU Bloomington, said health care coalitions can safeguard proprietary information while helping improve patient outcomes.

As of 2013, the United States had at least one health care coalition in each state and nearly 500 across the country and in U.S. territories. They differ in structure in order to serve the local needs of each community.

According to national statistics, 36 percent of motor vehicle accident patients end up in a regular inpatient bed, and another 23 percent require treatment in an intensive care unit.

“When you start to consider that a patient has a 23 percent chance of needing an ICU bed, it totally changes the way you think about where you need to take the patient, because it means not only do they want to take the patient someplace where they can get into the emergency department, but you also want a high probability that there’s going to be the kind of bed they’ll need,” Mills said.

“By having this kind of coordination structure, you have somebody who is neutral, who is collecting and disseminating information, who doesn’t have a profit-making objective like the hospitals might have,” he said.

Jonathan Helm

In addition to improving patient care, health care coalitions potentially can provide cost savings to providers and, ultimately, their patients.

“We could improve care availability and outcomes for patients, without coordination, by simply adding more beds and building more hospitals. Of course, that is very expensive. Each hospital bed represents many thousands of dollars of expenses,” Tatikonda said. “Alternatively, by introducing even a small amount of coordination, in one metropolitan area alone we save millions of dollars of physical equipment and capacity, and billions across the country.”

Many health care coalitions already have invested in staffing, information systems, data collection and monitoring capability and communications equipment, so infrastructure exists to expand their role to include smaller emergency incidents.

The authors constructed a model using real-world data from competing hospitals and trauma centers and from the American College of Surgeons’ National Trauma Data Bank. They also worked closely with medical practitioners and the Indianapolis-based MESH Coalition, which includes 35 hospitals, emergency management services and public safety agencies.

The paper’s co-authors are Jonathan Helm, associate professor of operations and decision technologies and Grant Thornton Scholar; Bobby Courtney, former interim CEO of MESH Coalition, a senior manager at Myers and Stauffer LC and an adjunct professor at the Richard M. Fairbanks School of Public Health at IUPUI; ; and Kelley Ph.D. candidate Andres F. Jola-Sanchez.

Four NFL players are pursuing the Vince Lombardi Trophy and a Kelley School master’s degree

Posted on January 30, 2018 by George Vlahakis

An estimated worldwide audience of more than 110 million is expected to tune in this Sunday for Super Bowl LII, featuring the New England Patriots and the Philadelphia Eagles. While most fans are pulling for one team over the other, we’re pulling for the four players on both teams who currently are students in the IU Kelley School of Business.

More than 85 current and former NFL players are pursuing an MBA, a Master of Science degree or a graduate certificate online through a partnership between Kelley and the National Football League Players Association. Since 2014, 11 players have earned a master’s degree in business online from Kelley.

Kelley School students playing in the big game are New England Patriots placekicker Stephen Gostkowski, guard Ted Karras, and guard Joseph Thuney. On the other side of the football will be Kelley School student and Philadelphia Eagle defensive back Corey Graham, whose interception of Minnesota Vikings quarterback Case Kennum in the NFC Championship helped seal the Eagles’ trip to the Super Bowl.

The NFL Players Association encourages its members to be knowledgeable about the business of football and to prepare to be successful off the field. In a 2017 interview, Gostkowski said Kelley’s specialized program does both and that it is preparing him for the time when his playing days are over. (more…)

All-female team wins 2018 National Diversity Case Competition

Posted on January 17, 2018 by George Vlahakis

An all-female team from Drexel University emerged as the winners of the 2018 National Diversity Case Competition, followed closely by teams from the University of Washington, Boston College and the Indiana University Kelley School of Business.

The competition, held annually the weekend before Martin Luther King Jr. Day, brings together some of the best and most diverse talents in undergraduate business education from across the nation.

Despite a major snowstorm impacting the Midwest, 33 of the 35 business school teams were able to make it to IU Bloomington for the event, which was hosted by the Kelley School for the seventh straight year. More than 130 undergraduate business students competed.

“It is an honor to bring together so many extraordinary students from some of the best colleges and universities in the United States, along with representatives from some of our country’s great companies,” said Josh Perry, faculty chair of Kelley’s Undergraduate Program.

“The weekend provides Kelley with an opportunity to showcase our long-standing commitment to foster a community where all students can come together to feel supported and included, and also offers all attendees multiple opportunities to make connections and share ideas about diversity initiatives within other schools, corporations, or regions of the country,” Perry added. “It is both an opportunity to learn and to develop one’s professional networks.” (more…)

Kelley Direct Online MBA and MS Programs Each Ranked No. 2 by U.S. News

Posted on January 9, 2018 by George Vlahakis

The Indiana University Kelley School of Business continues to be seen as a leader in presenting an array of choices for professionals seeking a quality graduate business degree online, according to new rankings from U.S. News & World Report.

The Kelley Direct Online MBA program and Kelley’s Master of Science program each were tied with one other school for No. 2 rankings among more than 250 schools and universities offering similar degrees nationwide.

“As these rankings and other indicators suggest, Kelley continues to lead the way in providing a quality graduate business education, whether it is presented online or on campus full-time,” said Idalene “Idie” Kesner, Kelley’s dean and the Frank P. Popoff Chair of Strategic Management.

“We’re pleased that our Kelley Direct Program is a model for online graduate business programs worldwide. Students value our flexible, innovative and relevant approach of presenting business education and preparing them for the next level of leadership in their chosen career paths,” she added.

In addition to the Kelley Direct Online MBA, students also can earn specialized Master of Science degrees in business analytics, entrepreneurship and innovation, finance, global supply chain management, information technology management, marketing, and strategic management.

In the last year, Kelley Direct was ranked the No. 1 program in the United States by QS Intelligence Unit — which also produces the QS World University Rankings – and the Princeton Review. (more…)

Kelley Direct online MBA program ranked No. 1 — again

Posted on November 1, 2017 by George Vlahakis

Kelley Direct, the online MBA program of Indiana University Kelley School of Business, continues to be seen as the leader in providing a quality education and a solid return on investment, as evidenced by a new No. 1 ranking by the Princeton Review.

The Princeton Review rankings of online MBA programs released on Nov. 1 was based on comprehensive surveys during the 2016-17 academic year of nearly 4,700 students and administrators at MBA programs that offer most of their program of study online.

In each instance, students and administrators used more than 30 criteria aspects to evaluate programs. Among the factors for students were faculty quality, career preparation, academics, the technology platform, and overall satisfaction. Schools were asked to provide information about admissions selectivity, graduation and retention rates, faculty training and credentials, technological infrastructure, student indebtedness, and career outcomes.

Earlier this year, Kelley Direct was ranked the No. 1 program in the United States by QS Intelligence Unit, which also produces the QS World University Rankings – for the second straight year. Both follow similar top rankings from U.S. News & World Report and the Financial Times. (more…)

William Haeberle, Kelley professor and Indiana’s ‘godfather of entrepreneurship,’ passes away at age 95

Posted on October 31, 2017 by George Vlahakis

William L. “Bill” Haeberle, the creator of one of the nation’s first collegiate entrepreneurship programs and emeritus professor of management and entrepreneurship at the Indiana University Kelley School of Business, died at his Bloomington home on Oct. 26 at the age of 95.
Over a career spanning nearly six decades, Haeberle left an enduring impact not only on the Kelley School but also on Indiana’s entrepreneurial culture, working with many who started new enterprises. He also advised numerous top executives on how to they could spark a more entrepreneurial spirit at larger firms.

Haeberle’s contributions to executive education led to its emergence as part of the mission at Kelley and other business schools around the country. He taught at the Kelley School from 1946 until his retirement in 1984 and remained active as an emeritus faculty member into the next decade.

“Bill Haeberle’s forward-thinking mindset was the foundation of the Kelley School’s entrepreneurship and executive education programs, but it also contributed greatly to Kelley’s tradition of a culture of innovation across all programs,” said Idalene “Idie” Kesner, Kelley School dean and the Frank P. Popoff Chair of Strategic Management. “He challenged norms and inspired his colleagues and students to go beyond their comfort zones, firm in his belief that complacency and risk aversion were obstacles to personal excellence.”

Donald F. Kuratko, the Jack M. Gill Distinguished Chair of Entrepreneurship and executive director of Kelley’s Johnson Center for Entrepreneurship & Innovation, said very few individuals can say they affected an entire state the way Haeberle has. “Bill Haeberle was talking and living entrepreneurship long before anyone else used the word in 1946. His entrepreneurial career spanned over six decades, truly an indelible legacy that established him as the ‘godfather of entrepreneurship’ for the state of Indiana.” (more…)

Greetings from Josh Perry, New Undergraduate Chairperson

Posted on August 23, 2016 by Kelley School

Since joining the Kelley faculty in 2009, I’ve witnessed firsthand the incredible opportunity that a Kelley education affords. It’s not only the teaching of our world-class faculty and the guidance from the top career services office in the nation – but also the chance to get involved in deep and meaningful ways with dynamic experiences outside the classroom, both locally and globally. At Kelley, you’re not just a student studying business. You are pursuing your purpose, developing your professional identity, and preparing to be a leader in your organization and community.

Whether you’re a senior serving in a club leadership role, a junior about to experience I-Core, a sophomore looking forward to your first experience traveling abroad or a freshman still learning your way around campus, I hope that you will see this new academic year as an opportunity to become even more invested in building our Kelley culture and your future as a Kelley alum. (more…)

Early-Career Communication Part 3: Leading Without Authority

Posted on March 10, 2016 by Kelley School

Articulating a vision and getting people to work toward that vision is formidable for many. Motivating clients, peers and other key stakeholders can be particularly challenging for someone who doesn’t have a title that commands action. However, for you to be personally successful, that success has to come as part of a broader effort. I am going to highlight 4 characteristics that can help you lead despite having no specific authority to do so.

Speak confidently.

If you speak confidently and in a manner that underscores a belief in what you are saying, you are likely to get others to agree. Meaning people want to follow the lead of someone that appears knowledgeable and self-assured.

It is necessary to note that sometimes people will undermine their own confidence by saying things like “I’m not sure if you’ll agree” or “Is that in line with what you were thinking?” When you are rallying people and getting them to do what you want – refrain from using qualifying and confirmatory language, it will weaken you and your ideas. Instead, focus on speaking with certainty and assurance.

(more…)

Early-Career Communication Part 2: Getting Buy-in

Posted on February 11, 2016 by Kelley School

Kendell Brown, Associate Director of Graduate Career Services

The ability to influence is essential to leadership. If you can get people to buy into an idea that you set forth, you’re golden. But how can you get people to listen and take you seriously when you are the most junior person on the team? I’m going to guide you through a step-by-step plan you can use to get the buy-in you want.

Developing a thorough plan shows the upfront effort you have already made, in addition to highlighting your commitment to the idea. This course of action should include key steps, decision points and goals. With a clearly articulated action it is easier for people to understand your ideas, rationale and goals and thus put forth the effort necessary to achieve your vision.

In business, facts trump theory, so find what you can to support your idea and bolster your plan. Do an analysis, “run the numbers”, create a case study – the idea is to accumulate evidence to show that you’ve done your homework and that your suggestion isn’t a fly by night proposal. Another form of evidence gathering is to become a subject matter expert. Take the time to learn the ins and outs of a process, a client, a tool, etc. – know the good and bad points, become the “go-to” person in the office on that topic. When it’s common knowledge that you know more than anyone on a particular subject, your opinions and plans on that subject will carry significant weight.

Let’s say you’ve got a plan to grow the margin on the team’s 3rd largest product line. If you’ve been exclusively managing the product line and you’ve done a thorough analysis of the biggest factors affecting the line’s margin – your idea will get heard because you know the business better than anyone else. (more…)

Social media