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November 30, 2017Fake News:  MBA programs are in the midst of an existential crisis!

There’s been a rash of articles recently talking about the demise of an MBA degree but before removing those hallowed letters from your resume or enrolling in a Master’s of Fine Arts program instead, read this. To be clear, much is happening in the MBA world, and not all of it is good news for higher education providers.  It’s true that a half dozen or so programs have either closed or are considering closing their full-time MBA programs.  Wake Forrest and Virginia Tech shook the industry years ago with closure announcements and, more recently, the University of Wisconsin unveiled plans to end its full-time MBA program only to retreat from ... Read More

October 11, 2017Stop the world. I want to get off.

Unplugging is a familiar refrain among today’s professionals, yet few know how to accomplish it or why it’s so important.  When disconnecting isn’t an option, many professionals substitute small respites with friends and family. Millennials maintain that work-life balance is non-negotiable when considering a new job but then struggle to balance the demands of their budding careers with their desires for a standard of living nurtured in a period of economic prosperity.  While work-at-home jobs are the poster child of family-friendly HR policies, finding the right work-life balance has long been key to personal and professional fulfillment. To understand the ... Read More

September 25, 2017The Hard Truth About Soft Skills

Among the most valued credential for today’s aspiring business professional is feeling comfortable in your own skin.  And yet when you look at the core courses of an MBA program, you’re hard-pressed to find a required class on emotional intelligence, collaboration, creativity, or leadership.  To be sure, soft skill courses have long been a staple of second-year electives, but their importance has never been greater. There are five factors that I believe are fueling the rise of soft skills: Horizontal organizational structures are replacing traditional hierarchical models and installing more decision-making authority at a local level.  Much of that authority rests within teams ... Read More

September 21, 2017Bragging Rights

Ramapo College Ranked Among the Top in New Jersey

When students returned to campus this fall they were greeted by the news that Ramapo College ranked as the top Public College in NJ and third among all colleges and universities in the state, behind Princeton University and Stevens Institute of Technology. While this news is no surprise to our alumni, it's nice to have the official designation, courtesy of College Choice’s 2017 annual survey of the Best Colleges in NJ. The news follows the 2016 reaccreditation of the Anisfield School of Business by the Association to Advance Collegiate Schools of Business (AACSB), a recognition that continues Ramapo’s membership among an elite group ... Read More

May 15, 2017The Weight of Capitalism's Creative Destruction

News of Nokia’s foray into digital bathroom scales is a stark reminder of the difficulties of staying on top. For those with fond memories of Nokia’s iconic mobile “brick” phones, the image of this former superpower embarking on a consumer electronics comeback is evidence of what economists call capitalism’s creative destruction. Many of today’s Millenials remember little of Nokia’s 14-year run as the market leader. In 2000, Nokia was the largest handset company in the world with a market cap of $250 billion compared with Apple at just $15 billion. In 2014, shortly after the sale of its mobile devices ... Read More

April 12, 2017The Not-So-Friendly Skies

By now most everyone has seen the video of a 69-year-old man being dragged from his United flight by terminal police officers – the result of an overbooked flight and an algorithm that selected his seat number. Can you think of any other industry that treats law abiding and non-threatening customers the same way? Imagine the furor if, say, Macy’s summoned mall security to retrieve a previously purchased garment from a customer and then proceeded to drag them out of the store because a Macy’s employee wanted the same size. United’s CEO was quick to apologize and promised to investigate ... Read More

April 6, 2017Shaving Burn

One of the most remarkable aspects of disruption is that it typically happens under full view of industry participants. New entrants, armed with a good enough and usually cheaper solution, simply wade across the moat into the low end of the market. The incumbents, drunk on their own success, dismiss the interlopers as a nuisance, or worse, decide to concede the low end in order to redeploy capital into higher margin products. What’s more, incumbents often pave the way for new entrants by overshooting the market with costly product features that far exceed the job to be done. The new ... Read More

April 4, 2017MBA Students Work on Unique Capstone Project with Italian Client

Tonight We Ride

Six MBA students and their professor recently returned from Vicenza, Italy, where they toured the manufacturing plant of a leading designer and manufacturer of electric motors used in appliances, electric bikes and scooters. The trip was part of Ramapo's Capstone program, which is the culmination of the students’ learning experience where small teams of second-year students, along with a faculty advisor, spend the entire spring term working as a corporate consultant. The challenge? Determining whether there’s a market for electric bikes and scooters in the US. For an Italian company with little American presence, save for a few sales offices, launching a ... Read More

March 24, 2017The Artist's Eye

"A great leader has more in common with an artist than an economist. Economists drill deep in narrow fields, but the artist's view is more expansive; he's [/she's] more able to grasp the big picture, and see how it is changing." The quote is from a recent column by Peggy Noonan who writes weekly for the WSJ.  In her piece she takes the new administration to task for, among other things, overplaying an image of darkness and resentment rather than appealing to Americans' optimistic "can-do spirit." Without delving into the politics, what struck me about her piece was the idea ... Read More

February 16, 2017Good & Bad News Regarding Women in Business

According to a recent study, the percentage of women in senior executive positions is growing worldwide. In 2016, women held 24% of all senior roles globally, an increase of 3% from 2011.   In the US, the figure is about the same at 23% and the highest level since 2007. In addition, more than a quarter of all new Directorships at S&P 500 companies went to women. That’s the good news. Now the bad news - at the current pace of growth, parity between men and women won’t be reached for decades. What’s worse, nearly one-third of US businesses have no ... Read More

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