Several influential media featured the accomplishments of the School of Management and the expertise of its faculty over the past year.
Below is a summary of some of the school's citations in prominent national and regional media. These media placements enhance the school's national reputation and help to brand it as one of the nation's top business schools.
Forbes magazine once again ranked the School of Management as one of the world’s best, based on its return on investment for MBA graduates. The school is ranked No. 42 overall, up three spots from the last ranking, and No. 20 among public universities. It is the only school in the Buffalo Niagara region to make the list. (See story in Startups.)
Bloomberg Businessweek also ranked the School of Management on its list of the nation’s best full-time MBA programs. The school is ranked No. 46 overall and No. 22 among public universities. The ranking focuses on how well MBA programs prepare graduates for career success. Components include surveys of employers, alumni and students, the job placement rate and starting salary.
A story in the New York Times about the contrasting evacuation plans for hurricanes Harvey and Irma quoted Natalie Simpson, associate professor and chair of operations management and strategy. “The danger is being cut in half by flying debris that’s going 175 miles per hour,” Simpson said of Irma, which was forecast to hit Miami directly, making a shelter-in-place strategy potentially catastrophic. “Flooding is very, very dangerous, but you can scramble for higher ground. It’s not so immediately lethal.”
USA Today, Yahoo! Finance and regional newspapers nationwide highlighted the expertise of Lewis Mandell, professor emeritus of finance, in an article about whether parents should give their kids an allowance. “As long as giving an allowance does not diminish the financial interaction between parent and child, there’s nothing wrong with it,” he said. “However, that is why giving children money as requested seems to be better than an allowance — at least the parent gets to learn how the child intends to spend it and can intervene, where appropriate.”
Timothy Maynes, assistant professor of organization and human resources, was interviewed for a Fast Company article about the communication errors people make that cause them to be frequently interrupted at work. According to Maynes, using “tentative language” invites interruptions. “By tentative language, I mean expressions of uncertainty, like disclaimers and qualifiers: ‘I’m not sure if this is right, but,’” he said. “It makes you look like less of an expert.”
Veljko Fotak, assistant professor of finance, was quoted by Reuters in an article about Asian sovereign wealth funds that are increasingly adding non-public firms to their portfolios, despite competition from private investors. “Sovereign wealth funds tend to have long time horizons and no explicit liabilities, which makes them the ideal investor for illiquid instruments. So yes, I do believe that they will be turning more to private deals,” Fotak said.
Jim Lemoine, assistant professor of organization and human resources, was quoted in an article on Dow Jones’ Moneyish about how businesses should handle going over budget. While some leaders are unwilling to adapt, “other managers, they look at the rules and policies and budgets of the company not necessarily as the only way that we can do business,” he said. Lemoine recommends flexibility, as customer demands and market changes could justify a budget overrun.
Muriel Anderson, clinical associate professor of organization and human resources, was also interviewed by Moneyish for a story about when to move on from a job. Anderson, who left her banking career because it didn’t align with her “highly positive” disposition, said signs to leave include feeling your talents aren’t valued, frequent complaining or mistrusting your boss.
Feng Gu, associate professor and chair of accounting and law, was interviewed on Bloomberg Radio about the recommendations he and co-author Baruch Lev, the Philip Bardes Professor of Accounting and Finance at New York University Stern School of Business, make in their book, The End of Accounting. “What really matters to a company’s success and competitive edge is not just the current quarter’s earnings — it’s strategic assets that will give them long-term value,” Gu said.
In a Buffalo News opinion piece, Paul Tesluk, professor and dean of the School of Management, highlights the transformative role higher education plays in integrating immigrants into American society, criticizes the Trump administration’s immigration policies, and advocates for changes to the H-1B visa program. “We need an immigration policy that promotes innovation and growth, and particularly one that enables regional economies, like ours in Western New York, to modernize and support economic development and use the capabilities of our institutions of higher education to attract and educate the best talent from across the globe,” he wrote.
Larry Zielinski, executive in residence for health care administration, wrote an op-ed in the Buffalo News about the need to move away from fee-for-service medicine to reduce costs and improve outcomes through innovations like accountable care organizations and bundled payment models. “Value-based health care is here to stay in America,” Zielinski wrote. “To finally deal with the underlying reason for high medical costs, it is up to Congress and the administration to strengthen these nascent payment systems, and get us off fee-for-service medicine once and for all.”