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Archives for: November 2007

BusinessWeek, 11/1/2007
BusinessWeek ranks Tepper School among best part-time MBA programs
BusinessWeek has ranked the Tepper School fifth regionally and 24th nationally among part-time MBA programs. Participants choose part-time options for many reasons, among them the savings afforded in tuition and living expenses.

Entrepreneur, 11/1/2007
Cultural barriers can hinder projects in unseen ways
Saying a project isn’t going well can be humiliating in some cultures, says John Hooker, T. Jerome Holleran Professor of Business Ethics and Social Responsibility; Professor of Operations Research. That may have been part of the reason Sony experienced a silent revolution that delayed a major IT project for two years.

Biz Ed, 11/1/2007
Collaboration is the mother of invention
Cross-disciplinary collaboration is a hallmark of innovation, according to Laurie Weingart, a professor of organizational behavior and theory at the Tepper School. But it can also be one of the most difficult hurdles for students to clear.

Biz Ed, 11/1/2007
Unethical behavior often caused by gradual decline in standards
New research by Francesca Gino, Visiting Assistant Professor in Organizational Behavior and Theory; Manager of the Center for Behavioral Decision Research, indicates that unethical behavior is often not the result of deliberate fraud by bad people. Rather, it can happen as a consequence of gradual decline of ethical standards by individuals over time.

NPR, 11/1/2007
Despite oil prices, economy still in better shape than it was 30 years ago, says Lave
Though oil prices are rapidly approaching $100 a barrel, the U.S. economy is in much better shape than it was in the 1970s, says Lester Lave, Harry B. and James H. Higgins Professor of Economics and University Professor, Director of Green Design; Co-Director, Electricity Industry Center. Lave says high oil prices are like a headwind that slows the economy, but that headwind is about half as strong as it was 30 years ago.

Gulf Times, 11/1/2007
Entrepreneurship program seeks to create knowledge-based economy in Qatar
The Executive Entrepreneurship Program offered by Carnegie Mellon University in Qatar focuses on developing a knowledge-based economy and wealth creation that does not require mineral resources, says Tom Emerson, Director, Donald H. Jones Center for Entrepreneurship; David T. and Lindsay J. Morgenthaler Professor of Entrepreneurship. The 35 students enrolled in the class will participate in weekly videoconferences with the Tepper School.

Pittsburgh Business Times, 11/2/2007
Good business education teaches across concentrations
A person can be good at marketing, but nowadays they can’t operate in a vacuum, says John Mather, Executive Director, Masters Programs; Teaching Professor of Marketing. To meet the changing needs of businesses, the Tepper School encourages students to take courses from three or four of the school’s five concentrations.

Pittsburgh Post-Gazette, 11/2/2007
South Side homes enjoy Pittsburgh’s greatest price appreciation
A report by graduate students at the Tepper School shows home values in Pittsburgh’s South Side Flats and Slopes have had the highest price appreciation in the city during the past 10 years. Surprisingly, lower and central Lawrenceville, where home values have risen 8 percent each year, finished a close second place to the South Side’s 10 percent rate.

The Tartan, 11/5/2007
Tepper School collaborating on new accelerated master’s program
The Tepper School is collaborating on a new accelerated master’s program in biotechnology and management at Carnegie Mellon. The program’s goal is to train students in the aspects of science, health, and environmental studies that underlie the business of biotechnology.

Pittsburgh Post-Gazette, 11/6/2007
Alumnus found America ‘impossibly rich’ when he came to Carnegie Mellon
Tepper School alumnus Sunil Wadhwani says he thought America was an impossibly rich country when he arrived at Carnegie Mellon 30 years ago from his native India. Wadhwani graduated in 1976 and now serves as chief executive officer and co-founder of iGate Corp.

Mail & Guardian (South Africa), 11/13/2007
Hybrids less costly than coal-to-liquid plants, study says
Encouraging plug-in hybrid vehicles is less costly than subsidizing new coal-to-liquid plants, according to research by the Electricity Industry Center. The promotion of hybrids also reduces oil imports and does more to lower greenhouse gas emissions, according to the paper.

Science Daily, 11/15/2007
Research asks: What price a ‘fair’ society?
Christina Fong, Research Scientist in the Department of Social and Decision Sciences, is an author on a study asking how much people will pay to live in an equitable society in which members get what they deserve. Applying their mathematical model to pre-existing survey data, the authors found that, on average, people are willing to sacrifice about 20 percent of their disposable income to live in an equitable society – though that value is affected by race and educational background.

Pittsburgh Business Times, 11/16/2007
Customized business model difficult to scale
StarFlite Systems, a Pittsburgh company that manufactures steel enclosures, has a problem common to many businesses that feature customization: Wasted time as employees try to figure out what a job costs when they could be building or cold calling. The business model is difficult to scale, says Art Boni, John R. Thorne Chair of Entrepreneurship; Associate Teaching Professor of Entrepreneurship; Director, Donald H. Jones Center for Entrepreneurship.

Reuters, 11/19/2007
Fed will probably cut rates again in December, says Meltzer
The market forced the Federal Reserve to lower rates last month, a move the central bank will probably repeat in December, according to Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy. Meltzer made the prediction while speaking at the Council on Foreign Relations.

Financial Times, 11/19/2007
Dabbawallas fascinate managers and students studying supply chain issues
Dabbawallas, the people who deliver lunches as part of an extraordinary system in Mumbai, offer managers and students another way of looking at supply chain issues, says Paul Goodman, Richard M. Cyert Professorship and Professor of Organizational Psychology; Director, Institute for Strategic Development; Director, Center for the Management of Technology. Goodman says the dabbawallas demonstrate that technology is not the only ingredient necessary for achieving efficient logistics operations.

Thaindian News, 11/20/2007
Kydland to speak as part of series featuring Nobel laureates
Nobel Laureate Finn Kydland, The Richard P. Simmons Distinguished Professorship and University Professor of Economics, will lecture in Thailand as part of a series featuring several winners of the prestigious award. The event, known as “Bridges – Dialogues towards a Culture of Peace,” will address topics related to building a culture of peace and development in a globalized world.

WTAE-TV, 11/20/2007
Gift cards sometimes have a catch
Holiday shoppers beware: Gift cards sometimes have strings attached. Cards purchased through credit card companies can carry transaction fees or have expiration dates, says Baohong Sun, Associate Professor of Marketing.

Pittsburgh Business Times, 11/23/2007
Smart meters could greatly impact power savings, says study
Using “smart meters” in a select group of large industrial and commercial power customers would make a significant impact on peak demand, according to a recent study by the Electricity Industry Center. The study says the estimated cost of $138 million to install the meters would result in a net benefit of $230 million annually to all customers.

Los Angeles Times, 11/23/2007
Opinions on Bush administration’s economy depend on perspective
Whether you think the economy has fared well under President Bush probably depends on whether you’re looking forward or back, according to Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy. Meltzer says if you look back, the economy has done very well, but if you look ahead, a lot of problems are on the horizon.

Pittsburgh Tribune-Review, 11/25/2007
Tepper School students predict Butler County will see most home value appreciation
In the Pittsburgh region, home value appreciation is most likely in Butler County, according to a report prepared by Tepper School graduate students. The report, titled “Residential Real Estate Prospective 2007,” includes a survey of area real estate professionals, most of whom believe home values will continue to increase modestly for the next several years.

WTAE-TV, 11/27/2007
Extended warranties may be worth it after all
A competitive market means better deals on extended warranties for consumers, according to Baohong Sun, Associate Professor of Marketing. Sun says the best course of action is to do some research on the product and find out how likely it is to break down before purchasing such a warranty.

Pittsburgh Business Times, 11/30/2007
Entrepreneurs sometimes misunderstand industries, customers
When writing a business development plan, many entrepreneurs make the critical mistake of not understanding their industries or their customers, says Art Boni, John R. Thorne Chair of Entrepreneurship; Associate Teaching Professor of Entrepreneurship; Director, Donald H. Jones Center for Entrepreneurship. Boni says the key is for entrepreneurs to immerse themselves in how their businesses operate.

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