Tuesday, March 27, 2018

Kelley professor's new book 'actively' advocates the role of economics within today's analytics boom

Over the last 15 to 20 years, companies have bought into the notion that they could use computing power, data and analytics to discern more about their customers, operational efficiencies and the markets. But, as they say, numbers don’t always tell the story.

Jeffrey T. Prince, professor and chairperson of business economics and public policy at Indiana University’s Kelley School of Business, says reasoning and logic are often left out of the equation.

“And that really should be the foundation for all of this,” said Prince, author of the new book, “Predictive Analytics for Business Strategy: Reason From Data to Actionable Knowledge,” published by McGraw-Hill.

He noted that predictive analytics frequently is used to track consumer patterns and then evaluate data to determine future consumer behavior. “That’s the creepy part of analytics, where we can see what you’re up to and make accurate predictions about what’s going on or what you’ll do,” he said.

It’s what Prince calls "passive prediction.”

Monday, March 12, 2018

New $14 million Conrad Prebys Career Center actively being used by students, including Kelley Direct Online MBAs

Robert "Dain" Anderson meets with his career coach at the Prebys Center.

The Conrad Prebys Career Services Center won’t be formally dedicated until March 23, but it’s been an active place for all students in the IU Kelley School of Business and corporate guests since the beginning of the spring semester.

This includes the 102 second-year KelleyDirect Online MBA students on campus March 3-9 for Kelley Connect Week, who met there with their Graduate Career Services coaches and took advantage of other resources offered at the school’s new $14 million Prebys Center.

The sessions were part of Kelley Direct’s comprehensive professional development program, which helps distinguish it from other online MBA programs. Having the new Prebys Center adds to the students’ experience, said Stephanie Gray, associate director of career services and professional development and one of the career coaches at Kelley.

“We have a wonderful facility,” Gray said. “I think the main differentiator between us and other online degree programs is that we are not taking the online student population and putting them aside. They are in the same building. They go to the same front desk. They go to the same coaches that our in-residence students go to.”

Spencer Hickman, of Chicago and a senior associate brand manager for a beverage company, agrees. “Having this as a resource as part of the online MBA has the opportunity to be extremely helpful,” he said. “Anything that can be done to integrate the online program with the residential program has the potential to increase the impact for Kelley Direct students.”

Monday, March 5, 2018

Kelley Direct Online MBA ranked second in the U.S. and fourth worldwide by the Financial Times

Kelley Connect Week is an important feature of Kelley Direct
The Financial Times, the world's leading global business publication, today provided further proof of why more professionals are seeing value in the Kelley Direct Online MBA, ranking the program fourth worldwide and second among U.S. institutions.

The program, one of several top-rated offerings of the Indiana University Kelley School of Business, moved up three positions in the Financial Times’ overall rankings – from seventh a year ago.

In addition to academic quality – the Financial Times ranked the Kelley school No. 1 in terms of research – students are attracted to the program’s relevance, flexibility and personal approach, said Ramesh Venkataraman, chair of Kelley Direct MBA and MS programs and the John R. Gibbs Professor of information systems.

“These rankings are just one indication of Kelley Direct's commitment to deliver high-quality courses and content while providing value to students in many ways," said Venkataraman, who also serves as the Kelley School’s associate dean of information and instructional technologies. “While most coursework is done online, we provide our students with many opportunities for collaboration that offers them with a practical worldview and with global connections that are essential in business today.

Tuesday, February 20, 2018

New MS in Finance degree meets the needs of professionals with liberal arts, science, engineering and informatics backgrounds

A new master’s degree from IU’s Kelley School of Business is designed to meet the needs of many young professionals with backgrounds in the liberal arts, engineering, informatics, the sciences and other careers featuring technical analysis and critical thinking skills.

Kelley’s new Master of Science in Finance degree builds on a strong foundation laid by their undergraduate studies in these and other disciplines and provides a unique focus that will be applicable to their chosen profession.

“Top employers recognize that students who have learned to think critically to address problems in mathematics, economics and the sciences can also think critically about business strategy, once they’ve gain the skills imparted through our specialized program,” said Bipin Prabhakar, program chair for the +Kelley program, which creates pathways into the full-time Master of Science in Finance and the Master of Science in Information Systems degree programs.

“These students need proper preparation, however, to translate a technical and liberal arts education into a knowledge base and skill set that can be applied immediately in business contexts,” added Prabhakar, also a clinical professor of operations and decision technologies. “This is especially true in finance, where the Master of Science in Finance degree provides the kind of advanced financial analysis in great demand across business enterprises, not just in financial institutions.”

Tuesday, February 13, 2018

Kelley conference examines how disruption can benefit innovation

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.

The conference, “Potential Disruptive Innovators in Healthcare,” will take place from 9 a.m. until 3:15 p.m. at IUPUI’s Hine Hall, 875 W. North St., in Indianapolis. It is the second event in a year-long series organized by the center in the IU Kelley School of Business.  

Tuesday, February 6, 2018

Carrying the Olympic torch for IU, Kelley and its South Korean partner, Sungkyunkwan University

SEOUL -- Opening ceremonies for the 2018 Winter Olympics take place Friday in PyeongChang, South Korea. IU Kelley School of Business Dean Idalene “Idie” Kesner and two fellow alumni recently had the privilege of sharing in the Olympic experience.

Kesner joined Curtis A. Ferguson, president of Greater China and Korea for The Coca-Cola Co., and Young-Jin Kim, chairman and CEO of Handok Inc., in the Olympic Torch Relay. She said it was a remarkable experience she always will treasure.

“The Olympics is like no other sporting event, and this was an honor unlike anything else I have received throughout my career,” she said. “Being among dignitaries from across Korea, I felt very special. Having the students and faculty from the Kelley-SKKU partnership cheer from the sidewalk along the main street in Seoul, Korea, made me feel very special.”

Since 2008, Kelley and Sungkyunkwan University -- South Korea's oldest university -- have teamed up to offer a dual MBA degree for executives. In 2004, Kelley helped the university launch Korea's first fully English-taught global MBA. Jae Ha Lee, dean of Sungkyunkwan University's Graduate School of Business, earned his doctorate in finance at Kelley.

After participating in the Olympic Torch Relay,Kesner attended a reception with alumni to mark the 10th anniversary of the schools’ partnership on the dual degree program.

Tuesday, January 30, 2018

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

An estimated worldwide audience of more than 110 million are 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.

Stephen Gostkowski kicking a game-winner in 2009.
Kelley School students playing in the big game are New England Patriots place kicker 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.

“The program offers opportunities outside of football to make an easier transition. It can really help us bridge the gap after football,” he said. “You can never be too educated, and the Kelley program is a unique opportunity to be able to take my time doing it and do it during football. It was really a no-brainer on whether to do it or not.”

Wednesday, January 17, 2018

All-female team wins 2018 National Diversity Case Competition

From left to right, Lotus Barron, Sharaine Eldafrawy, Alexis Sara and Amara Uche-Anya

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 talent 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.”

Tuesday, January 9, 2018

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

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.

Dean Idie Kesner
“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.

Wednesday, November 1, 2017

Kelley Direct online MBA program ranked No. 1 -- again

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.

Kelley Direct Students attend Kelley Connect Week

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.