Wednesday, November 18, 2009

Read more from Kelley's sports stats guru Wayne Winston

Kelley operations and decisions sciences professor Wayne Winston doesn't just use math for work. He uses it for play as well. And since the publication of his sports stats book Mathletics, Professor Winston has become sports pundit extraordinaire.

Since Sunday's Colts-Patriots game, Professor Winston's view that Coach Bill Belichick made the right call has been cited all over the web. Here are his initial reaction and subsequent technical explanation.

If you like sports and statistics, you can read Professor Winston's opinions in several locations:

Off to the Net Impact Conference

A guest post from Aimee Light and Alexis Suskin-Sperry of Net-Impact, Kelley's sustainable business group for undergraduate students.

At Kelley, there is constant movement, from running to your next class to attending your next meeting, it is easy to lose sight of why we are here. Whether you are aiming to be the next powerful consultant or landing a job in a Fortune 500, we all chose a path at Kelley. At a recent Net Impact Meeting, I was reminded of why I am here. Anne Auer, marketing and communications director at Kelley, spoke to the club about her history founding an Environmental Business graduate chapter as well as her first experience at an environmentally focused conference in Berkeley. Her enthusiasm, stories, and support for our club made me so excited to represent Kelley this weekend at Cornell University at the Net Impact conference.

The Net Impact Conference will be a convergence of diverse groups of people sharing ideas promoting the power of businesses and corporations in order to make a serious impact on making the world a better place. I cannot wait to meet all of the other undergraduates passionate about these issues and learn from the MBAs and professionals through their expertise and experiences about all the different skills the business school is teaching us can be applied to making serious change happen!

It sounds so cheesy but when we get into that room with 2,400 people all gathering around the concept of 'doing good' through business, I know I will have shivers (I get them just thinking about it now!).

Now it’s our turn to soak in as much information from business leaders like CEO of GE, Jeffry Immelt, or CEO of Honest Tea, Seth Goldman, and apply it to not only our future but also Kelley’s future.

Special thanks to Anne’s wonderful support and come back and read about our experience at conference!

Student microfinance organization blogs road trip

Kelley's Trockman Microfinance Initiative is a student organization that strives to educate students about microfinance, the provision of financial services to poor or low-income individuals. The group connects students and the community at large to the world of microfinance.

The initiative's work ranges from researching microfinance practices in certain geographic regions, to hosting guest speakers experienced in the field of microfinance, to helping impoverished entrepreneurs abroad find distribution channels for their products in the United States.

Recently, Trockman's president, Kristy Anderson guest blogged about their visit to Opportunity International headquarters in Oak Brook, Illinois.

After a five-hour carpool from Bloomington, Ind., and a night at the
Holiday Inn, the 12 members of our group entered through the glass doors at
Opportunity International’s Oak Brook office at 9:30 a.m. on Friday, Nov. 6,
2009. As members of Indiana University’s Trockman Microfinance Initiative,
we were visiting Opportunity as part of a Chicago trip geared to providing
knowledge of microfinance straight from practitioners. As we were taken into a
conference room by our host, Andrew Koehler, partner relations
manager, we would soon discover how invaluable this visit would be!

Monday, November 16, 2009

Craigslist Founder Visits the Kelley School

This morning, Craig Newmark, founder of the popular online marketplace, visited the Kelley School of Business at IU and spoke to students. After some brief remarks about the origins of Craigslist, Craig spent nearly an hour answering questions from students.

Craigslist San Franciso was first launched in late 1995, but after a number of years leading the company, Craig decided that he preferred to be in close contact with his customers rather than oversee day-to-day operations. Craig's current contribution at Craigslist is customer service, which allows him to stay attuned to both positive and negative feedback from the Craigslist community.

With more than 50 million users each month, Craigslist is managed with very simple principles in mind. If a proposal won't yield better service to the community, it isn't adopted, whether the issue is increased monetization or an IPO. The improvements that are underway are things like making Craigslist available in more countries and more languages, and with less spam.

"This isn't altruism," Craig was quick to point out. It's what works for the community and what feels right to Craigslist.

When asked about future goals for the organization, Craig said that this aim was to keep doing more of the same on a larger scale, without messing things up. The audience was amused, but Craig was serious, explaining that in large organizations, people begin to tell top leadership what they want to hear. This means that the people at the top have difficulty getting good information, leading some organizations astray. Craig pointed to social media technologies as one way of keeping upper-level leaders in touch with the perspectives of customers and employees.

If you want to hear more from Craig Newmark, you can follow him at @craignewmark on Twitter, or friend him on Facebook:

Monday, November 9, 2009

Empowering Girls Today to be the Leaders of Tomorrow

A guest post from Kelley undergrads Aimee Light, Ashley Oswald, Katie Braatz, Ashley Estoque

During the Spring of 2009, Women in Business participated in the Ernst & Young Case Competition, which was devoted to increasing diversity at the Kelley School of Business. Our long-term goal was to inspire younger students to pursue a career in business. We presented to Ernst & Young our idea of establishing a high school program dedicated to sharing our business knowledge and experiences with young female students. To accomplish our goal, we designed an entrepreneurship program for high school members to get hands-on business experience.

Women in Business won the Ernst & Young case competition, which provided us with support and funding to develop the high school business program. We connected with a Teach For America recruiter, and she recommended contacting Indianapolis Lighthouse Charter Academy. Lighthouse Charter Academy's students are the first in their families to attend college, and the school has 100% college placement. This school was a great fit for our initiative because the students were eager to learn, and we were excited and energized to be at the school.

Our goal at Lighthouse is to teach the students different functions in business and the process it takes to become an entrepreneur. Beyond business, we want to have an impact on the future of our students by acting as their mentors and role models, emphasizing the importance of a college education, and teaching them the mindset and self-discipline it takes to be successful as a student and employee.

Check back for more updates from the Women in Business and Lighthouse Charter Academy.

Thursday, November 5, 2009

Kelley recognized by Black EOE journal

The Kelley School of Business at Indiana University was recognized by the Black EOE Journal as one of the top 25 busines schools for African Americans.

Travel abroad with Kelley

Here are the first-place winners in the Kelley Study Abroad Program's recent photography contest. To learn more about the program, and to see more pictures, friend KS Abroad on Facebook!

Best landscape, Torey Guingrich (Sitges, Barcelona)

<--Best group photo, Sean Berger (Hong Kong market)

Best architecture photo by Daniel Fox (Petronas Towers, Malaysia)

<--Best overall, Chris Franklin (Australia)

Best food photo, Bestsey Schieferstein (Barcelona)

Wednesday, November 4, 2009

Mathletics at the National Press Club

Wayne Winston, Kelley professor of Operations and Decisions Technologies, has recently written a book on sports and math. While Professor Winston's books on Excel modeling are well known, Mathletics is a book about his real passion, sports and math. The book shows how statistics can help us determine how a player changes the odds that his team will win games--in baseball, basketball, and football. Professor Winston discusses some of the ideas from his book and recent sports events at his blog,

On Tuesday, October 20, 2009, Professor Winston joined Timothy Franklin of the National Sports Journalism Center, and Russ Thaler of Comcast SportsNet at the Press Club in Washington, DC to talk about statistics in sports reporting. Mark Schoeff, chair of the Newsmakers Committee at the Press Club moderated. Professor Winston also gave his projections for the Redskins and Ravens' upcoming seasons.
In an article at Comcast Sportnet, where he is chief digital correspondent, Thaler summarized some of the main points of discussion:

In a distilled version of his new book, Mathletics, Professor Winston spoke about the inefficiency of the statistics we tend to use in newspapers and during sportscasts like rushing yards, yards per rush, passing yards, yards per attempt, and quarterback rating, and led a discussion about a new way of quantifying a player or team’s performance.

The main component of his work is to assign a point value to every play, positive, negative, or neutral. That way, we could clearly see where teams are successful
and where they miss the mark in very specific terms. Instead of a quarterback rating, we could see which QB’s are contributing more to their team’s overall success, which ones are trending upward or downward, and which ones are more likely to make mistakes in certain situations. That goes for every player at any position on the field.

You can read more at and see videos of the talk.

Roadtrip Nation visits Kelley

On Monday, October 19, 2009, the Roadtrip Nation RV stopped by the Kelley School as part of a trip to visit 38 college campuses across the United States.

Roadtrip Nation got its start in the summer of 2001, when recent college grads Mike Marriner, Brian McAllister, and Nathan Gebhard decided to take a roadtrip to discover their place in the world. The idea behind the roadtrip was simple: If you don’t know what to do with your life, go out and talk to people who are doing what they love, then ask them how they got there. The trio hit the road in a mechanically unsound green RV, and three months and 17,000 miles later had interviewed 85 eclectic individuals including the Chairman of Starbucks, the scientist who decoded the human genome, Supreme Court Justice Sandra Day O’Connor, a lobsterman from Maine, the director of Saturday Night Live, and a stylist for Madonna.

Since then, Roadtrip Nation has evolved into a movement to help individuals define their own lives: a public television series, three books, a Fall and Spring campus tour, an online community, and a student network on over 350 campuses. Roadtrip Nation’s “Behind the Wheel” and “Independent Roadtrip Grants” programs enable students to hit the road to interview their own list of leaders across the country. Read more online at

Tuesday, November 3, 2009

Accounting professor receives award for research

On August 4, 2009, the American Accounting Association (AAA) awarded the Wildman Medal to Kelley Accounting Professor Leslie Hodder, along with her colleagues Mary Barth and Stephen Stubben, for their paper "Fair Value Accounting for Liabilities and Own Credit Risk." The paper was published in the May 2008 issue of The Accounting Review. This AAA award, which is sponsored by the Deloitte Foundation, was presented to the paper’s authors in the form of a medal and a monetary prize on at the 2009 AAA Annual Meeting held in New York City, New York.

Leslie Hodder is an Associate Professor and Ernst and Young Faculty Fellow at the Kelley School of Business at Indiana University. She began her accounting career in public accounting and has held a series of management positions in consulting and industry, including the position of Chief Financial Officer of a mid-size commercial bank in Southern California.

The Wildman Medal Award was founded in 1978 to commemorate John Wildman and to encourage research relevant to the professional practice of accounting to which much of Mr. Wildman’s life was devoted. More information about this award is available online at

Second annual CFO Roundtable

On Friday, October 2, 2009, Kelley hosted its second annual CFO Roundtable. The roundtable is the brainstorm of Accounting Professor David Greene.

"Before I joined the faculty, I was the CFO of Young & Rubicam. When I got here, I discovered that there was a lot of academic research that I wished I had known about when I was 'in the real world' either a) because I could have applied that research in my day-to-day activities, or b) because academic research has disproven some of the fundamental assumptions that I had been making about how the world works," Greene explains.

Eight companies, with combined revenues of more than $127 billion, participated this year.

  • Belgacom CFO Ray Stewart

  • Boston Scientific CFO Sam Leno

  • Brandt Consolidated CFO Joe Brummel

  • Brown-Forman CFO Don Berg

  • Ernst & Young CFO Kathy Pawlus

  • Hillenbrand CFO Cindy Lucchese

  • Honeywell CFO Dave Anderson

  • Wellpoint CFO Wayne DeVeydt

More than 600 MBA and undergraduate students participated in a daylong event of panels and networking.

Kelley professor receives highest honor from Academy of Management

Professor Philip M. Podsakoff, the John F. Mee Chair of Management in the Kelley School of Business, was inducted into the Fellows Group at the Annual Meeting of the Academy of Management (AOM) held in August 2009. The AOM is the leading professional association for scholars dedicated to creating and disseminating knowledge about management and organizations.

Induction into the Fellows Group is the highest individual honor the academy can bestow on a member. According to its bylaws, "The purpose of the Fellows Group shall be to recognize and honor members of the Academy of Management who have made significant contributions to the science and practice of management, and to provide opportunities for fellowship and a forum for discussion among the persons so recognized and honored." Less than 1% of AOM members are accorded Fellows status.

Professor Podsakoff's research interests include leadership “substitutes,” the antecedents and consequences of organizational citizenship behaviors, and issues in field research methodologies. He has authored almost 70 articles and scholarly book chapters; and he is co-author (with IU professors Dennis Organ and Scott MacKenzie) of a recent book on organizational citizenship behavior. His research has been cited over 6,000 times in the Social Science Citation Index, and he has been recognized by the Institute for Scientific Information as one of the 15 "Most Highly Cited" authors in the Field of Management during the past 25 years. He is one of only five management scholars who have published two articles that have been cited over 1,000 times.

Professor Podsakoff is the past associate editor of the Journal of Applied Psychology (JAP), which is the most prestigious applied psychology journal in the world, and presently serves as a member of the editorial review boards of JAP, Organizational Behavior and Human Decision Processes, Journal of Management, and The Leadership Quarterly.

In addition to his research and writing activities, Professor Podsakoff has received over 35 teaching awards or citations at all levels (national, university, alumni, executive education, PhD, MBA, and undergraduate); and he has taught in over 400 executive education programs in the United States, Europe, South America, and Asia. As part of his executive education teaching, he served for four years as the coordinator of the leadership component of a program taught to business leaders in Hungary, Poland and the Czech Republic in the mid-1990s as these countries moved from a planned to a free economy.

Kelley lecturer honored with Grotke Award

Ann Bastianelli, a member of the marketing faculty at the Kelley School, was recently honored with a Grotke award, an honor that is bestowed on living persons whose service has made exceptionally outstanding contributions to Indiana University’s Women’s Athletics Program and is the highest honor of its kind given by the university.

In addition to her role at Kelley, Ann is also president of Anthology Consulting and a well-known motivational speaker. Kelley students have named her the Most Motivating and Most Memorable Faculty member. Maybe that’s because her lectures and speeches include a host of anecdotes about her love for Indiana University, her playing days at IU, Coach Knight, Hoosier Hysteria, and the role of sports in the building of character.

Ann’s contributions to Indiana University feature board positions in university public relations, and the school of business alumni association, as well as pioneering roles in IU women’s sports program as an athlete, administrator and alumni leader.

As a high school student, Ann caught the attention of Indiana State University’s Athletics recruiters, and was offered what is thought to be the first athletic scholarship given to a woman in Indiana. A two sport student athlete & campus leader, Ann was named Outstanding Freshman Woman at Indiana State University. She later transferred to Indiana University, where she lettered in volleyball for the Hoosiers.

As an IU senior, Ann was the unanimous choice for top female college athlete in the state of Indiana, based on academic achievement, athletic excellence and leadership. It was Leeann Grotke herself who presented Ann with the prestigious Eleanor St. John Award in 1978.

Following graduation, Ann was named Sports Information Director for the 10 varsity women’s sports at IU. Impressed by Ann’s work with the media, Coach Bob Knight asked her to also represent the Men’s Basketball Program. By accepting, Ann became, at 23, the youngest member of a Division I Men’s coaching staff, and one of only two women.

Ann earned her MBA from the Kelley School of Business, after which she worked on famous advertising campaigns, including ‘2 Scoops of Raisins’ for Kellogg’s Raisin Bran, The talking Parkay Margarine tub, Happy Meals and Ronald McDonald advertising, and Dow Bathroom Cleaner’s Scrubbing Bubbles.

For more than 22 years, Ann has served on the National Public Affairs Council for the University, two terms on the Varsity Club National Board, two terms on the University’s Athletics Committee, and two terms as President of the I-Women’s Association. Last year, she was named President Emeritus.

Welcome to our news blog!

There's a lot going on at the Kelley School. In order to share as much of it as possible, we've launched a news blog to cover happenings at the Kelley School of Business. Here you can read about our people, events, awards, and more. We'll also feature guests blogs from faculty and students.

We'd love to hear what you think. Please feel free to leave comments or email me at lforcum[at]