Ken McGuffin / en Foreign-born CEOs more likely to acquire assets across borders - particularly in their home countries: Study /news/foreign-born-ceos-more-likely-acquire-assets-across-borders-particularly-their-home-countries <span class="field field--name-title field--type-string field--label-hidden">Foreign-born CEOs more likely to acquire assets across borders - particularly in their home countries: Study</span> <div class="field field--name-field-featured-picture field--type-image field--label-hidden field__item"> <img loading="eager" srcset="/sites/default/files/styles/news_banner_370/public/2024-07/GettyImages-71417761-crop.jpg?h=b0bcbf40&amp;itok=SVB4bcQt 370w, /sites/default/files/styles/news_banner_740/public/2024-07/GettyImages-71417761-crop.jpg?h=b0bcbf40&amp;itok=JPrPj0LA 740w, /sites/default/files/styles/news_banner_1110/public/2024-07/GettyImages-71417761-crop.jpg?h=b0bcbf40&amp;itok=uxQ88TNv 1110w" sizes="(min-width:1200px) 1110px, (max-width: 1199px) 80vw, (max-width: 767px) 90vw, (max-width: 575px) 95vw" width="740" height="494" src="/sites/default/files/styles/news_banner_370/public/2024-07/GettyImages-71417761-crop.jpg?h=b0bcbf40&amp;itok=SVB4bcQt" alt="a female executive looks out a corner office window"> </div> <span class="field field--name-uid field--type-entity-reference field--label-hidden"><span>rahul.kalvapalle</span></span> <span class="field field--name-created field--type-created field--label-hidden"><time datetime="2024-07-22T12:53:05-04:00" title="Monday, July 22, 2024 - 12:53" class="datetime">Mon, 07/22/2024 - 12:53</time> </span> <div class="clearfix text-formatted field field--name-field-cutline-long field--type-text-long field--label-above"> <div class="field__label">Cutline</div> <div class="field__item"><p><em>(photo by&nbsp;ER Productions Limited/Getty Images)</em></p> </div> </div> <div class="field field--name-field-author-reporters field--type-entity-reference field--label-hidden field__items"> <div class="field__item"><a href="/news/authors-reporters/ken-mcguffin" hreflang="en">Ken McGuffin</a></div> </div> <div class="field field--name-field-topic field--type-entity-reference field--label-above"> <div class="field__label">Topic</div> <div class="field__item"><a href="/news/topics/breaking-research" hreflang="en">Breaking Research</a></div> </div> <div class="field field--name-field-story-tags field--type-entity-reference field--label-hidden field__items"> <div class="field__item"><a href="/news/tags/business" hreflang="en">Business</a></div> <div class="field__item"><a href="/news/tags/global" hreflang="en">Global</a></div> <div class="field__item"><a href="/news/tags/research-innovation" hreflang="en">Research &amp; Innovation</a></div> <div class="field__item"><a href="/news/tags/rotman-school-management" hreflang="en">Rotman School of Management</a></div> <div class="field__item"><a href="/news/tags/u-t-scarborough" hreflang="en">łÔąĎ±¬ÁĎ Scarborough</a></div> </div> <div class="field field--name-field-subheadline field--type-string-long field--label-above"> <div class="field__label">Subheadline</div> <div class="field__item">Researchers suggest the phenomenon is likely driven by local knowledge and connections, as well as a desire to “give back” </div> </div> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><p>CEOs who have moved away from their country of origin are more likely to make international acquisitions, with a preference for targets in their birth country, a new study by researchers at the University of Toronto shows.</p> <p>Using a sample of nearly 1,300 corporate acquisitions over a 14-year period, <strong>Ron Shalev</strong>, an associate professor of accounting at łÔąĎ±¬ÁĎ Scarborough who is cross-appointed to the Rotman School of Management, and&nbsp;his&nbsp;co-authors compared acquisitions, financial and other corporate data with biographical information on the companies’ CEOs at the time of the purchases.</p> <p>“Foreign-born CEOs are taking an increasing leadership role in the corporate world,” says<strong>&nbsp;</strong>Shalev of the research. “In our sample, 24 per cent of the acquiring companies have foreign-born CEOs.”</p> <p>The study,&nbsp;<a href="http://onlinelibrary.wiley.com/doi/full/10.1111/1475-679X.12533">published in the&nbsp;<em>Journal of Accounting Research</em></a>,&nbsp;was co-authored by Milan-based researchers&nbsp;<strong>Antonio Marra</strong>&nbsp;of the UniversitĂ  Bocconi and&nbsp;<strong>Angela Pettinicchio</strong>&nbsp;of UniversitĂ  Cattolica del Sacro Cuore and SDA Bocconi School of Management.&nbsp;</p> <p>After examining the data, Shalev and his colleagues found that foreign-born CEOs were 43 per cent more likely than domestic-born ones to acquire across borders –&nbsp;and that the phenomenon may be explained by a preference for acquiring in the countries of their birth. When considering all potential international targets that might be on the CEO’s radar, the researchers found that foreign-born CEOs were 17 times more likely to go after a buy in their country of origin versus another cross-border acquisition.</p> <p>That difference was explained by the CEO having a leg up by knowing more about the country and having local connections. They are also driven by a desire to “give back” to the place where they came from, the researchers say.</p> <p>The researchers also found that foreign-born CEOs were more than twice as likely to make an acquisition in a former colonizer of their birth country as they were to choose any other potential international target. “The idea is that if a CEO wants to bring pride to the birth country, she would acquire targets in the country that colonized it in the past,” says Shalev.</p> <p>How are&nbsp;companies involved affected by CEOs tendency to acquire targets in their birth country?&nbsp;The acquiring company’s shareholders see a 1.3&nbsp;per cent difference in excess returns on acquisitions in the CEO’s birth country, while shareholders of the target company enjoy a&nbsp;2.9&nbsp;per cent excess&nbsp;premium due to the purchase.</p> <p>“This is not something that should prevent the hiring of a CEO,” Shalev says of the findings.</p> <p>Instead, he says it’s simply an aspect a company’s board should be aware of and, if the CEO has a target in mind in their birth country, to take a harder look at the proposal. “In many cases these acquisitions will be good for the acquirer firm – but not always.”</p> </div> <div class="field field--name-field-news-home-page-banner field--type-boolean field--label-above"> <div class="field__label">News home page banner</div> <div class="field__item">Off</div> </div> Mon, 22 Jul 2024 16:53:05 +0000 rahul.kalvapalle 308468 at Can't shake old ideas? Wash them off, suggests łÔąĎ±¬ÁĎ Rotman study /news/can-t-shake-old-ideas-wash-them-suggests-u-t-rotman-study <span class="field field--name-title field--type-string field--label-hidden">Can't shake old ideas? Wash them off, suggests łÔąĎ±¬ÁĎ Rotman study</span> <div class="field field--name-field-featured-picture field--type-image field--label-hidden field__item"> <img loading="eager" srcset="/sites/default/files/styles/news_banner_370/public/hand%20wash%20-%20flickr%20Petras%20Gagilas.jpg?h=afdc3185&amp;itok=Pe94KIfn 370w, /sites/default/files/styles/news_banner_740/public/hand%20wash%20-%20flickr%20Petras%20Gagilas.jpg?h=afdc3185&amp;itok=Bj6vU0qb 740w, /sites/default/files/styles/news_banner_1110/public/hand%20wash%20-%20flickr%20Petras%20Gagilas.jpg?h=afdc3185&amp;itok=R8_1epf7 1110w" sizes="(min-width:1200px) 1110px, (max-width: 1199px) 80vw, (max-width: 767px) 90vw, (max-width: 575px) 95vw" width="740" height="494" src="/sites/default/files/styles/news_banner_370/public/hand%20wash%20-%20flickr%20Petras%20Gagilas.jpg?h=afdc3185&amp;itok=Pe94KIfn" alt> </div> <span class="field field--name-uid field--type-entity-reference field--label-hidden"><span>Romi Levine</span></span> <span class="field field--name-created field--type-created field--label-hidden"><time datetime="2017-06-12T13:05:58-04:00" title="Monday, June 12, 2017 - 13:05" class="datetime">Mon, 06/12/2017 - 13:05</time> </span> <div class="clearfix text-formatted field field--name-field-cutline-long field--type-text-long field--label-above"> <div class="field__label">Cutline</div> <div class="field__item">A łÔąĎ±¬ÁĎ study suggests you may want to set goals after cleaning your hands (photo by Petras Gagilas via Flickr)</div> </div> <div class="field field--name-field-author-reporters field--type-entity-reference field--label-hidden field__items"> <div class="field__item"><a href="/news/authors-reporters/ken-mcguffin" hreflang="en">Ken McGuffin</a></div> </div> <div class="field field--name-field-author-legacy field--type-string field--label-above"> <div class="field__label">Author legacy</div> <div class="field__item">Ken McGuffin</div> </div> <div class="field field--name-field-topic field--type-entity-reference field--label-above"> <div class="field__label">Topic</div> <div class="field__item"><a href="/news/topics/breaking-research" hreflang="en">Breaking Research</a></div> </div> <div class="field field--name-field-story-tags field--type-entity-reference field--label-hidden field__items"> <div class="field__item"><a href="/news/tags/rotman-school-management" hreflang="en">Rotman School of Management</a></div> </div> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><p>Cleaning your hands doesn't just get&nbsp;rid of germs – a&nbsp;łÔąĎ±¬ÁĎ study suggests it also helps wipe&nbsp;away old goals&nbsp;and&nbsp;reorients you toward new ones.</p> <p>Previously, research has&nbsp;shown that the physical act of cleaning reduces the impact of previous psychological experiences, such as guilt arising from immoral behaviour.&nbsp;</p> <p>The new research by łÔąĎ±¬ÁĎ's Rotman School of Management unpacks the underlying psychology&nbsp;behind cleansing&nbsp;– it&nbsp;includes a component of separation. Researchers say that wiping away dirt serves as a physical proxy for mentally separating ideas that linger from a previous experience – think of the term “beginning with a clean slate.”</p> <p>The study was published in the <em><a href="http://psycnet.apa.org/journals/xge/146/4/592/">Journal of Experimental Psychology</a>.&nbsp;</em></p> <p>Researchers initially focused participants on&nbsp;particular goals through word games or a short survey, a process called “priming.”</p> <p>They then had participants evaluate the goals or use a hand wipe.</p> <p>Those who were asked to use the wipe became less likely to think of the previous&nbsp;goals, less likely to make behavioral choices consistent with it&nbsp;and less likely to find it important. They&nbsp;were&nbsp;also more easily reoriented towards a subsequently primed goal.</p> <p>“For people who were primed with a health goal, for example, using the hand wipe reduced their subsequent tendency to behave in a healthy manner <span style="color: rgb(84, 84, 84); font-family: arial, sans-serif; font-size: small;">–</span>&nbsp;they were more likely to choose a chocolate bar over a granola bar,”&nbsp;says<strong> Ping Dong</strong>, a PhD student in marketing who conducted the research, with <strong>Spike W. S. Lee</strong>, an assistant professor of marketing. Dong will be joining the faculty at Northwestern University’s Kellogg School of Management later this year.</p> <p>While it may be premature to suggest that people intent on achieving goals should significantly alter their personal hygiene routines, the findings do suggest that when it comes to finding practical tricks for redirecting one's priorities,&nbsp;an antiseptic wipe may come in handy.</p> </div> <div class="field field--name-field-news-home-page-banner field--type-boolean field--label-above"> <div class="field__label">News home page banner</div> <div class="field__item">Off</div> </div> Mon, 12 Jun 2017 17:05:58 +0000 Romi Levine 108393 at łÔąĎ±¬ÁĎ grads who co-founded booming startup Exact Media named to "Forbes 30 Under 30 List" /news/u-t-grads-who-co-founded-booming-startup-exact-media-named-forbes-30-under-30-list <span class="field field--name-title field--type-string field--label-hidden">łÔąĎ±¬ÁĎ grads who co-founded booming startup Exact Media named to "Forbes 30 Under 30 List"</span> <div class="field field--name-field-featured-picture field--type-image field--label-hidden field__item"> <img loading="eager" srcset="/sites/default/files/styles/news_banner_370/public/2017-01-12-exact%20media.jpg?h=29571366&amp;itok=szfdXlSn 370w, /sites/default/files/styles/news_banner_740/public/2017-01-12-exact%20media.jpg?h=29571366&amp;itok=bbogX6PN 740w, /sites/default/files/styles/news_banner_1110/public/2017-01-12-exact%20media.jpg?h=29571366&amp;itok=Fbw-aHAV 1110w" sizes="(min-width:1200px) 1110px, (max-width: 1199px) 80vw, (max-width: 767px) 90vw, (max-width: 575px) 95vw" width="740" height="494" src="/sites/default/files/styles/news_banner_370/public/2017-01-12-exact%20media.jpg?h=29571366&amp;itok=szfdXlSn" alt="Photo of exact media"> </div> <span class="field field--name-uid field--type-entity-reference field--label-hidden"><span>ullahnor</span></span> <span class="field field--name-created field--type-created field--label-hidden"><time datetime="2017-01-12T14:31:08-05:00" title="Thursday, January 12, 2017 - 14:31" class="datetime">Thu, 01/12/2017 - 14:31</time> </span> <div class="clearfix text-formatted field field--name-field-cutline-long field--type-text-long field--label-above"> <div class="field__label">Cutline</div> <div class="field__item">(photo courtesy of Exact Media)</div> </div> <div class="field field--name-field-author-reporters field--type-entity-reference field--label-hidden field__items"> <div class="field__item"><a href="/news/authors-reporters/ken-mcguffin" hreflang="en">Ken McGuffin</a></div> <div class="field__item"><a href="/news/authors-reporters/john-lorinc" hreflang="en">John Lorinc</a></div> </div> <div class="field field--name-field-author-legacy field--type-string field--label-above"> <div class="field__label">Author legacy</div> <div class="field__item">Ken McGuffin and John Lorinc</div> </div> <div class="field field--name-field-topic field--type-entity-reference field--label-above"> <div class="field__label">Topic</div> <div class="field__item"><a href="/news/topics/city-culture" hreflang="en">City &amp; Culture</a></div> </div> <div class="field field--name-field-story-tags field--type-entity-reference field--label-hidden field__items"> <div class="field__item"><a href="/news/tags/entrepreneurship" hreflang="en">Entrepreneurship</a></div> <div class="field__item"><a href="/news/tags/startup" hreflang="en">Startup</a></div> <div class="field__item"><a href="/news/tags/rotman-school-management" hreflang="en">Rotman School of Management</a></div> <div class="field__item"><a href="/news/tags/forbes" hreflang="en">Forbes</a></div> </div> <div class="field field--name-field-subheadline field--type-string-long field--label-above"> <div class="field__label">Subheadline</div> <div class="field__item">Other łÔąĎ±¬ÁĎ alums on the list: Shopify's Satish Kanwar, Massdrop's Steve El-Hage, ROSS Intelligence's Jimoh Ovbiagele, and Cover's Ben Aneesh.</div> </div> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><p>The co-founders of Toronto-based startup Exact Media, which has been described as the Airbnb of marketing, have been named to the <a href="http://www.forbes.com/30-under-30-2017/#31abaa164651">2017 Forbes 30 Under 30</a> list of the young innovators and “change-makers” who are redefining industries from marketing to healthcare and education.&nbsp;</p> <p>They are among several U&nbsp;of T alumni that made it to the list this year. łÔąĎ±¬ÁĎ alumni were&nbsp;recognized in categories like consumer technology, law &amp; policy, marketing and advertising, and retail and ecommerce.<br> &nbsp;<br> <strong>Daniel Rodic</strong>&nbsp;and <strong>Elena Sahakyan</strong>&nbsp;are two of the four&nbsp;co-founders of Exact Media, a Toronto-based&nbsp;e-commerce sampling and coupon company. The two, who are graduates of łÔąĎ±¬ÁĎ's Rotman Commerce program, were&nbsp;cited in the marketing and advertising category. &nbsp;</p> <p>Exact Media&nbsp;buys&nbsp;excess space inside parcels that are being delivered to people who have made online purchases. The company then tucks samples of branded products into those spots. Brands pay Exact to find these&nbsp;spaces so that people purchasing towels online may receive a sample of Tide detergent or someone buying a swimsuit may get a bottle of Olay sunscreen.</p> <p>The company's investors include&nbsp;Tony Hsieh, CEO of Zappos, and it serves clients like Coca-Cola, Procter &amp; Gamble, Unilever, PepsiCo, L'OrĂ©al, Pfizer and Mondelez,&nbsp;</p> <p>In a recent profile in the Winter 2017 issue of<em> łÔąĎ±¬ÁĎ Magazine</em>, Rodic says his career path was changed when he was accepted into The Next 36, an intensive entrepreneurship program co-founded by <strong>Ajay Agrawal</strong>, the Peter Munk Professor of Entrepreneurship at the Rotman School of Management.</p> <p>“Through The Next 36, I got funding to start my first business, and that’s what pushed me toward a more entrepreneurial path,” Rodic says.</p> <p>Rodic says the company grew out of discussions with an executive at Beyond the Rack, an online clothing retailer. The retailer was looking at ways of providing its customers with cosmetics samples. Together, they realized they could slip the samples into Beyond the Rack’s parcels.</p> <p>With strong financial backing, Exact Media is planning to expand beyond North America within the next 18 months, possibly targeting the United Kingdom, Western Europe or Asia.&nbsp;</p> <h3><a href="http://magazine.utoronto.ca/leading-edge/making-money-out-of-thin-air-daniel-rodic-elena-sahakyan-john-lorinc/">Read more about Rodic and Sahakyan</a></h3> <p>Other łÔąĎ±¬ÁĎ alumni who made it on the Forbes list this year include Shopify's director of product&nbsp;<strong>Satish Kanwar</strong> in the all-star alumni category,&nbsp;Massdrop co-founder <strong>Steve El-Hage</strong> in the consumer technology category,&nbsp;ROSS Intelligence co-founder&nbsp;<strong>Jimoh Ovbiagele&nbsp;</strong>in law &amp; policy,&nbsp;and Cover co-founder <strong>Ben Aneesh</strong>.</p> <h3><a href="/news/u-t-scarborough-grad-forbes-top-30-under-30-list">Read more about Satish Kanwar</a></h3> <h3><a href="/news/ibm-watson-competition-u-t-students-create-virtual-legal-researcher">Read more about Ovbiagele</a></h3> <p>&nbsp;</p> <p>&nbsp;</p> </div> <div class="field field--name-field-news-home-page-banner field--type-boolean field--label-above"> <div class="field__label">News home page banner</div> <div class="field__item">Off</div> </div> Thu, 12 Jan 2017 19:31:08 +0000 ullahnor 103262 at łÔąĎ±¬ÁĎ team heads to Hult Prize regionals with plan for firewood alternative in refugee camps /news/u-t-team-heads-hult-prize-regionals-plan-firewood-alternative-refugee-camps <span class="field field--name-title field--type-string field--label-hidden">łÔąĎ±¬ÁĎ team heads to Hult Prize regionals with plan for firewood alternative in refugee camps</span> <div class="field field--name-field-featured-picture field--type-image field--label-hidden field__item"> <img loading="eager" srcset="/sites/default/files/styles/news_banner_370/public/refugee%20camp.jpg?h=afdc3185&amp;itok=KufOEBil 370w, /sites/default/files/styles/news_banner_740/public/refugee%20camp.jpg?h=afdc3185&amp;itok=anfihUGl 740w, /sites/default/files/styles/news_banner_1110/public/refugee%20camp.jpg?h=afdc3185&amp;itok=fdUTgj6c 1110w" sizes="(min-width:1200px) 1110px, (max-width: 1199px) 80vw, (max-width: 767px) 90vw, (max-width: 575px) 95vw" width="740" height="494" src="/sites/default/files/styles/news_banner_370/public/refugee%20camp.jpg?h=afdc3185&amp;itok=KufOEBil" alt="Zaatari refugee camp in Jordan"> </div> <span class="field field--name-uid field--type-entity-reference field--label-hidden"><span>lanthierj</span></span> <span class="field field--name-created field--type-created field--label-hidden"><time datetime="2016-12-19T10:59:24-05:00" title="Monday, December 19, 2016 - 10:59" class="datetime">Mon, 12/19/2016 - 10:59</time> </span> <div class="clearfix text-formatted field field--name-field-cutline-long field--type-text-long field--label-above"> <div class="field__label">Cutline</div> <div class="field__item">Zaatari refugee camp in Jordan (World Bank Photo Collection via Flickr)</div> </div> <div class="field field--name-field-author-reporters field--type-entity-reference field--label-hidden field__items"> <div class="field__item"><a href="/news/authors-reporters/ken-mcguffin" hreflang="en">Ken McGuffin</a></div> </div> <div class="field field--name-field-author-legacy field--type-string field--label-above"> <div class="field__label">Author legacy</div> <div class="field__item">Ken McGuffin</div> </div> <div class="field field--name-field-topic field--type-entity-reference field--label-above"> <div class="field__label">Topic</div> <div class="field__item"><a href="/news/topics/global-lens" hreflang="en">Global Lens</a></div> </div> <div class="field field--name-field-story-tags field--type-entity-reference field--label-hidden field__items"> <div class="field__item"><a href="/news/tags/current-students" hreflang="en">Current Students</a></div> <div class="field__item"><a href="/news/tags/hult-prize" hreflang="en">Hult Prize</a></div> <div class="field__item"><a href="/news/tags/rotman-school-management" hreflang="en">Rotman School of Management</a></div> <div class="field__item"><a href="/news/tags/global" hreflang="en">Global</a></div> <div class="field__item"><a href="/news/tags/international" hreflang="en">International</a></div> <div class="field__item"><a href="/news/tags/team-atollo" hreflang="en">Team Atollo</a></div> <div class="field__item"><a href="/news/tags/faculty-applied-science-engineering" hreflang="en">Faculty of Applied Science &amp; Engineering</a></div> </div> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><p>They won with a substitute for firewood made from recycled coffee grounds.&nbsp;</p> <p>Teams of students with an interest in social entrepreneurship gathered at the University of Toronto’s Rotman School of Management last week to participate in the quarterfinal qualifying round for the Hult Prize.&nbsp;</p> <p>The prize is a startup accelerator for social entrepreneurship that brings together the brightest college and university students from around the globe to solve the world’s most pressing issues.&nbsp;</p> <h3><a href="/news/u-t-teams-tackle-refugee-crisis-2017-hult-prize">Read more about the Hult Prize at łÔąĎ±¬ÁĎ</a></h3> <p>Student teams drawn from a wide range of faculties at łÔąĎ±¬ÁĎ tackled the competition’s challenge of “Refugees - Reawakening Human Potential and Restoring the Dignity of 10M People by 2022”. The challenge focused on restoring the rights and dignity of people and societies affected by&nbsp;social injustices, politics, economic pressures, climate change and war.</p> <p>The winner of the łÔąĎ±¬ÁĎ competition was Team Journey. Composed of three Rotman MBA students and a łÔąĎ±¬ÁĎ Master of Engineering student, Team Journey developed a substitute for firewood made from recycled coffee grounds which could be used to alleviate the fuel and firewood shortage in many refugee camps in Africa.</p> <p>Engineering's <strong>Matthew Frehlich</strong> and Rotman's <strong>Lucas Siow</strong>, <strong>Sam Bennett</strong>, and <strong>Gowtham Ramachandran</strong> will advance to one of the Hult Prize regional finals to be held in March. &nbsp;</p> <p>“The calibre of ideas coming out of this year’s competition was exceptional," said <strong>Tina-Marie&nbsp;Assi</strong>, łÔąĎ±¬ÁĎ's Hult Prize Campus Director. "The panel of judges contributed invaluable insights in both rounds of pitches.”&nbsp;</p> <p>She said that speakers&nbsp;<strong>Rod Lohin</strong>, executive director of the Michael Lee-Chin Family Institute for Corporate Citizenship, and <strong>Nouman Ashraf</strong>, an assistant professor in the teaching stream at Rotman, “provided motivation and much food for thought for anyone looking to make their mark with a career in innovation and sustainability.”&nbsp;</p> <p>Judges for the qualifying round included <strong>Aisha Bukhari</strong>, a Rotman MBA graduate with Attolo SE Inc.&nbsp;<a href="/news/u-t-grads-finals-hult-prize-talking-stickers-boost-literacy-impoverished-children">who reached the final round of the Hult Prize in 2015</a>,&nbsp;Assaf Weisz, co-founder and&nbsp;managing director of Purpose Capital,&nbsp;Astrum Nanji, founder and managing director at Lux Equity,&nbsp;Hamoon Ekhtiari, director of strategy and innovation for the executive vice-president at TELUS,&nbsp;Jacky Magee, director of developer audience experience for Microsoft Canada,&nbsp;<strong>Jamal Khayyat</strong>, a Rotman MBA graduate who was the Hult Prize campus director at łÔąĎ±¬ÁĎ in 2015-2016,&nbsp;Ted Graham, head of open innovation at General Motors&nbsp;and&nbsp;<strong>Zahra Ebrahim</strong>, a co-leader of Doblin’s Canada practice.&nbsp;</p> <h3><a href="http://www.hultprize.org">Learn more about the Hult Prize</a></h3> </div> <div class="field field--name-field-news-home-page-banner field--type-boolean field--label-above"> <div class="field__label">News home page banner</div> <div class="field__item">Off</div> </div> Mon, 19 Dec 2016 15:59:24 +0000 lanthierj 102820 at Anger in the sky: łÔąĎ±¬ÁĎ research shows air rage a product of class difference /news/anger-sky-u-t-research-shows-air-rage-product-class-difference <span class="field field--name-title field--type-string field--label-hidden">Anger in the sky: łÔąĎ±¬ÁĎ research shows air rage a product of class difference</span> <div class="field field--name-field-featured-picture field--type-image field--label-hidden field__item"> <img loading="eager" srcset="/sites/default/files/styles/news_banner_370/public/2016-05-04-air-rage-1140.jpg?h=afdc3185&amp;itok=XZhqxeH9 370w, /sites/default/files/styles/news_banner_740/public/2016-05-04-air-rage-1140.jpg?h=afdc3185&amp;itok=W4eDFXTV 740w, /sites/default/files/styles/news_banner_1110/public/2016-05-04-air-rage-1140.jpg?h=afdc3185&amp;itok=7uNOJ-BN 1110w" sizes="(min-width:1200px) 1110px, (max-width: 1199px) 80vw, (max-width: 767px) 90vw, (max-width: 575px) 95vw" width="740" height="494" src="/sites/default/files/styles/news_banner_370/public/2016-05-04-air-rage-1140.jpg?h=afdc3185&amp;itok=XZhqxeH9" alt="a first-class air cabin"> </div> <span class="field field--name-uid field--type-entity-reference field--label-hidden"><span>lavende4</span></span> <span class="field field--name-created field--type-created field--label-hidden"><time datetime="2016-05-04T09:56:53-04:00" title="Wednesday, May 4, 2016 - 09:56" class="datetime">Wed, 05/04/2016 - 09:56</time> </span> <div class="clearfix text-formatted field field--name-field-cutline-long field--type-text-long field--label-above"> <div class="field__label">Cutline</div> <div class="field__item">Does this image make you feel cranky? Forcing economy passengers to walk through first-class compartments increases air rage, says Katy DeCelles (Miguel Medina/Getty Images)</div> </div> <div class="field field--name-field-author-reporters field--type-entity-reference field--label-hidden field__items"> <div class="field__item"><a href="/news/authors-reporters/ken-mcguffin" hreflang="en">Ken McGuffin</a></div> </div> <div class="field field--name-field-author-legacy field--type-string field--label-above"> <div class="field__label">Author legacy</div> <div class="field__item">Ken McGuffin</div> </div> <div class="field field--name-field-topic field--type-entity-reference field--label-above"> <div class="field__label">Topic</div> <div class="field__item"><a href="/news/topics/global-lens" hreflang="en">Global Lens</a></div> </div> <div class="field field--name-field-story-tags field--type-entity-reference field--label-hidden field__items"> <div class="field__item"><a href="/news/tags/rotman-school-management" hreflang="en">Rotman School of Management</a></div> <div class="field__item"><a href="/news/tags/travel" hreflang="en">Travel</a></div> <div class="field__item"><a href="/news/tags/research-innovation" hreflang="en">Research &amp; Innovation</a></div> <div class="field__item"><a href="/news/tags/criminology" hreflang="en">Criminology</a></div> <div class="field__item"><a href="/news/tags/collaboration" hreflang="en">Collaboration</a></div> </div> <div class="field field--name-field-subheadline field--type-string-long field--label-above"> <div class="field__label">Subheadline</div> <div class="field__item">“I expected there to be more support for a lack of leg room as a contributor to air rage”</div> </div> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><p>A Korean airline executive is jailed after she throws a handful of macadamia nuts at a flight attendant.</p> <p>A flight from Rome to Chicago has to dump thousands of litres of fuel and land in Belfast after a passenger starts to act belligerently.</p> <p>A passenger on a flight from Dubai to Birmingham, England, is arrested after he threatens a flight attendant, makes racist remarks and punches an inflight entertainment system.</p> <p>These are just some of the thousands of incidents of air rage that occur every year. Now, a University of Toronto researcher&nbsp;and her Harvard colleague say they have discovered one of the major causes – and it’s not what you might think.</p> <p>We blame air rage on long flight delays, shrinking seats and a general decline in civility. But the first empirical research study into the phenomenon pegs another culprit – class inequality – for the reason passengers lose it when taking to the so-called friendly skies.</p> <p><img alt class="media-image attr__typeof__foaf:Image img__fid__849 img__view_mode__media_large attr__format__media_large" src="/sites/default/files/styles/large/public/decelles.jpg?itok=OchBJxgR" style="width: 200px; height: 200px; float: right; margin-left: 4px; margin-right: 4px;" typeof="foaf:Image"><strong>Katy DeCelles</strong>, an associate professor in organizational behaviour and human resource management at łÔąĎ±¬ÁĎ’s Rotman School of Management, says that visible inequality between first class and economy class passengers is one of the leading causes of air rage – among both groups of travellers.</p> <p>Air rage incidents are more likely when the plane has a first class cabin, says the study, co-written by Michael Norton of the Harvard Business School. The odds increase when economy passengers have to pass through first class to get to their seats, reinforcing the inequality.</p> <p>Simply having a first-class compartment made an air rage incident nearly four times more likely, equivalent to the effect of a nine-hour flight delay, the study found. The bad behaviour was higher not only for economy passengers, but those in first class too.</p> <p>Other factors such as crowdedness, alcohol consumption and long flights can contribute to disruptive incidents, says DeCelles, but her research found their impact was smaller than you might expect.</p> <p>“I expected there to be more support for a lack of leg room as a contributor to air rage, given the attention that leg room has had – but there wasn't,” says DeCelles, who is also cross-appointed at łÔąĎ±¬ÁĎ's Centre for Criminological Research.</p> <p>&nbsp;Although the study did not delve into the reasons behind its findings, past research has identified that people tend to have poorer health, well-being and behavioural outcomes when they experience comparative deprivation or feel treated unequally or unfairly. This study contributes to the research by showing that even temporary experiences of inequality can have negative effects.</p> <p>The study has made headlines here at home and around the world, in major news outlets and on social media.</p> <h2><a href="http://www.cnn.com/2016/05/02/health/air-rage-first-class-airplane-seating-study/">See the CNN coverage</a></h2> <p>&nbsp;</p> <h2><a href="http://www.latimes.com/science/sciencenow/la-sci-sn-air-rage-first-class-20160502-story.html">Read the <em>Los Angeles Times</em> article</a></h2> <h2>&nbsp;</h2> <h2><a href="http://globalnews.ca/news/2677430/economy-or-first-class-study-shows-seat-sections-biggest-predictor-of-air-rage/">See the <em>Global News</em> coverage</a></h2> <p>&nbsp;</p> <p>DeCelles used a database of thousands of documented disruptive flight incidents over several years for a large international airline. The incidents were serious enough to be considered a threat to onboard safety, such as passengers refusing to sit down, yelling obscenities at a flight attendant or interfering with smoke sensors so they could sneak a cigarette. The majority of incidents involved belligerent behaviour or intoxication.</p> <p>The results have implications for any physical environment where differences in class or status are apparent – such as a tiered stadium or a workplace where lower-level employees have to pass by executive offices to get to their cubicles. Meanwhile, airlines that want to consider how to reduce negative behaviour may want to think about ways to de-emphasize differences between passenger groups, such as using a dual gating system.</p> <p>“The more you can use those dual gates to board airplanes, separating the first-class cabin from the economy cabin, you're going to have less air rage in both cabins,” DeCelles says.</p> <p>The study was published earlier this month in the <a href="http://www.pnas.org/content/early/2016/04/26/1521727113.full?sid=ca1aced9-ea07-42d0-b06b-b3a9b2ba5e3c">Proceedings of the National Academy of Sciences of the United States of America</a>.</p> </div> <div class="field field--name-field-news-home-page-banner field--type-boolean field--label-above"> <div class="field__label">News home page banner</div> <div class="field__item">Off</div> </div> Wed, 04 May 2016 13:56:53 +0000 lavende4 13976 at Joseph Rotman leaves $30 million legacy gift to Rotman School of Management /news/joseph-rotman-leaves-30-million-legacy-gift-rotman-school-management <span class="field field--name-title field--type-string field--label-hidden">Joseph Rotman leaves $30 million legacy gift to Rotman School of Management </span> <span class="field field--name-uid field--type-entity-reference field--label-hidden"><span>sgupta</span></span> <span class="field field--name-created field--type-created field--label-hidden"><time datetime="2016-04-06T05:37:56-04:00" title="Wednesday, April 6, 2016 - 05:37" class="datetime">Wed, 04/06/2016 - 05:37</time> </span> <div class="field field--name-field-author-reporters field--type-entity-reference field--label-hidden field__items"> <div class="field__item"><a href="/news/authors-reporters/ken-mcguffin" hreflang="en">Ken McGuffin</a></div> </div> <div class="field field--name-field-author-legacy field--type-string field--label-above"> <div class="field__label">Author legacy</div> <div class="field__item">Ken McGuffin</div> </div> <div class="field field--name-field-story-tags field--type-entity-reference field--label-hidden field__items"> <div class="field__item"><a href="/news/tags/boundless" hreflang="en">Boundless</a></div> <div class="field__item"><a href="/news/tags/business" hreflang="en">Business</a></div> <div class="field__item"><a href="/news/tags/rotman" hreflang="en">Rotman</a></div> <div class="field__item"><a href="/news/tags/rotman-school-management" hreflang="en">Rotman School of Management</a></div> <div class="field__item"><a href="/news/tags/top-stories" hreflang="en">Top Stories</a></div> </div> <div class="field field--name-field-subheadline field--type-string-long field--label-above"> <div class="field__label">Subheadline</div> <div class="field__item">Gift strengthens School’s role as a leader in innovative management education </div> </div> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><p>The estate of <strong>Joseph Rotman</strong> is making a landmark $30 million gift to the University of Toronto’s Rotman School of Management. &nbsp;</p> <p>The gift will help the Rotman School, already one of the leading global brands in management education, continue to be at the forefront of transforming management education and research. &nbsp;</p> <p>This latest gift from <strong>Joseph</strong> and <strong>Sandra Rotman</strong> makes them the most generous benefactors in the University’s history, following numerous significant gifts over the past 20 years.&nbsp;This new $30 million gift will be matched by the University of Toronto in order to establish a $45 million Rotman Catalyst Fund as well as provide additional support to the School’s highest priorities such as scholarships, faculty positions and infrastructure investments.</p> <p>The Rotman Catalyst Fund will act as a “venture fund” for the Rotman School, used to fund bold and innovative initiatives to continue to transform management education and to increase the impact of the School’s students and new thinking. The Rotman Catalyst Fund was conceived by Joseph Rotman in collaboration with the leaders of the School shortly before he died.</p> <p>“The University of Toronto is immensely proud of the rise of the Rotman School of Management to the top ranks of business schools worldwide.&nbsp;We heartily support the School’s aspirations for continued excellence and applaud Joe Rotman’s brilliant vision for a catalyst fund. It will quickly stimulate and drive opportunities for major contributions to national issues such as prosperity, innovation, and leadership development,”&nbsp;said&nbsp;Professor&nbsp;<strong>Meric Gertler</strong>,&nbsp;president of the University of Toronto.</p> <p>“More than 20 years ago, Sandy and Joe believed that Canada needed a world class management school, which was the beginning of their commitment to the Rotman School and the University of Toronto,” said Professor&nbsp;<strong>Tiff Macklem</strong>, dean of the Rotman School. “With their support, the School underwent a remarkable period of growth led by my predecessor <strong>Roger Martin</strong>.</p> <p>“Today with this new support from the Rotman family, we will take the next leap forward with more intrepid thinking, innovative and transformative programs, and an enhanced commitment to experiential education and lifelong learning. We express our deep gratitude for Sandy and Joe’s vision, foresight and enduring support.” &nbsp;</p> <p>Macklem said The Rotman Catalyst Fund will help the School continue to foster innovation to enable students to access previously unimagined innovations in business education, to enable faculty to conduct more ground-breaking research and to spur the delivery of a transformative student experience and lifelong alumni engagement. Specifically, the Rotman Catalyst Fund will support initiatives in the School’s three areas of academic emphasis&nbsp;–&nbsp;entrepreneurship and innovation, a global mindset, and leadership in financial management and good governance. It will seed intrepid thinking on the most pressing problems of our time, Macklem said.</p> <p>The Rotman School has already reached a tremendous level of success, Macklem said, adding that, in January, the School’s faculty was ranked third in the world for its research by the <em>Financial Times</em>. Many of the School’s research centres and hubs such as the Martin Prosperity Institute, the Clarkson Centre for Board Effectiveness, and the new Behavioural Economics in Action at Rotman have achieved global prominence in their fields. In addition, the School’s innovative labs including the Creative Destruction Lab, Self Development Lab, DesignWorks, and the BMO Financial Group Finance Research and Trading Lab are delivering unique opportunities for experiential education and personalized development for students.</p> <p>“The Rotman Catalyst Fund will allow us to scale up our most successful initiatives and imagine new innovations,” Macklem said.</p> <p><em>Ken McGuffin is a writer with the Rotman School of Management at the University of Toronto</em></p> </div> <div class="field field--name-field-news-home-page-banner field--type-boolean field--label-above"> <div class="field__label">News home page banner</div> <div class="field__item">Off</div> </div> <div class="field field--name-field-picpath field--type-string field--label-above"> <div class="field__label">picpath</div> <div class="field__item">sites/default/files/2016-04-06-rotman-JR-600x400-clean.jpg</div> </div> Wed, 06 Apr 2016 09:37:56 +0000 sgupta 7794 at My hybrid is greener than yours: how ‛conspicuous conservation’ affects product innovation /news/soberman <span class="field field--name-title field--type-string field--label-hidden">My hybrid is greener than yours: how ‛conspicuous conservation’ affects product innovation </span> <span class="field field--name-uid field--type-entity-reference field--label-hidden"><span>sgupta</span></span> <span class="field field--name-created field--type-created field--label-hidden"><time datetime="2016-04-04T06:52:50-04:00" title="Monday, April 4, 2016 - 06:52" class="datetime">Mon, 04/04/2016 - 06:52</time> </span> <div class="clearfix text-formatted field field--name-field-cutline-long field--type-text-long field--label-above"> <div class="field__label">Cutline</div> <div class="field__item">Being seen in public as the driver of a car that's considered socially responsible, such as a Prius, can convey status, researchers say (photo by King Huang via flickr)</div> </div> <div class="field field--name-field-author-reporters field--type-entity-reference field--label-hidden field__items"> <div class="field__item"><a href="/news/authors-reporters/ken-mcguffin" hreflang="en">Ken McGuffin</a></div> </div> <div class="field field--name-field-author-legacy field--type-string field--label-above"> <div class="field__label">Author legacy</div> <div class="field__item">Ken McGuffin</div> </div> <div class="field field--name-field-topic field--type-entity-reference field--label-above"> <div class="field__label">Topic</div> <div class="field__item"><a href="/news/topics/breaking-research" hreflang="en">Breaking Research</a></div> </div> <div class="field field--name-field-story-tags field--type-entity-reference field--label-hidden field__items"> <div class="field__item"><a href="/news/tags/business" hreflang="en">Business</a></div> <div class="field__item"><a href="/news/tags/collaboration" hreflang="en">Collaboration</a></div> <div class="field__item"><a href="/news/tags/international" hreflang="en">International</a></div> <div class="field__item"><a href="/news/tags/marketing" hreflang="en">Marketing</a></div> <div class="field__item"><a href="/news/tags/more-news" hreflang="en">More News</a></div> <div class="field__item"><a href="/news/tags/research" hreflang="en">Research</a></div> <div class="field__item"><a href="/news/tags/rotman" hreflang="en">Rotman</a></div> </div> <div class="field field--name-field-subheadline field--type-string-long field--label-above"> <div class="field__label">Subheadline</div> <div class="field__item">Study by łÔąĎ±¬ÁĎ, UC Berkeley examines importance of social comparison</div> </div> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><p>Companies may&nbsp;have&nbsp;a bigger incentive to invest in developing socially responsible products – if those who&nbsp;buy those products&nbsp;feel they can stand a little taller than those who don't, new research says.</p> <p>Consumers don't just listen to their own conscience when making decisions around buying environmentally friendlier cars or sweat-shop-free clothing,&nbsp;says the study from the University of Toronto's Rotman School of Management. They also consider how those choices will make them stack up against other people.</p> <p>Previous research categorically suggests that more socially responsible products are more valuable. In contrast, this study uses a theoretical model to show that value –&nbsp;and the incentive to spend money on developing those products –&nbsp;is dynamic.</p> <p>“We're trying to capture this whole issue of social comparison,”&nbsp;says <strong>David Soberman,</strong> a professor of marketing at the Rotman School who&nbsp;holds the Canadian National Chair of Strategic Marketing.</p> <p>Soberman said this is especially important for products that are consumed “publicly” – for example,&nbsp;beverages and clothing known as badge products. He co-wrote the paper with Professor&nbsp;Ganesh Iyer of the University of California, Berkeley.</p> <p>Among their many findings, the researchers found that companies have the greatest incentive to develop a more socially responsible product when the vast majority of potential users are already category users (true of many mature categories). Here, there is heightened interest in the category's social impact. In addition, greater media focus on the impact of palm oil production on deforestation may create an even bigger incentive to develop a palm oil-free soap.</p> <p>In contrast, development incentives are lower when there is less consumer participation and less social concern attached to a category –&nbsp;think powerboats or single malt whiskey. However there may still be an incentive to innovate even in categories with low consumer participation, so long as the innovation offers a potential status bump for those who do buy it.</p> <p>Gaining status through purchases of socially responsible products, such as hybrid cars, has been dubbed “conspicuous conservation.”&nbsp; Previous research has put the social status value of buying a Toyota Prius –&nbsp;a distinctively hybrid car –&nbsp;as high as US$7000 U.S., even leading to tangible social advancement in regions where green consciousness is high.</p> <p>"The fruits of a firm’s labour to develop socially responsible products are going to pay off the most when you are in a market that is fully covered and when the social comparison effects are strong," says Soberman.</p> <p>The paper is forthcoming in <em>Marketing Science</em>.</p> <p>&nbsp;</p> <p><iframe allowfullscreen frameborder="0" height="315" src="https://www.youtube.com/embed/0ZO1rAsbtBU?rel=0" width="560"></iframe></p> <p>(<a href="https://www.flickr.com/photos/kinghuang/3353434665/in/photolist-bJk4Wg-6MFZET-Fes4H-dmz34w-rpGUeo-rnv4F9-FeqCN-r6tN6F-5cRkKb-q4vhTg-pM5WJX-pMaZMS-p7HVaj-q4vidK-pM5WQi-pMaZNU-pM9izM-q4kJ8v-pM84cm-c4UNDY-8kKUQH-67726p-dVaYxK-9KkvqS-9uYRim-67pmqy-PgErQ-aeeBMZ-6UDBEw-qt1Btp-f3g3xz-7dGZ59-8kKVeP-6MFZSK-cD4t3A-2UgKAd-AKwcW-6UDBWq-9TKaEn-6Uzyic-cD4t6s-6e1LBi-5FEp3k-5f8Zqb-3KE9W9-6Yne7-4djmoG-qX5zFb-67kei4-7MqhUa">Visit flickr to see the original of the photo used at top of article</a>)</p> <p><em>Ken McGuffin is a writer with the Rotman School of Management at the University of Toronto&nbsp;</em></p> </div> <div class="field field--name-field-news-home-page-banner field--type-boolean field--label-above"> <div class="field__label">News home page banner</div> <div class="field__item">Off</div> </div> <div class="field field--name-field-picpath field--type-string field--label-above"> <div class="field__label">picpath</div> <div class="field__item">sites/default/files/2016-04-04-prius.jpg</div> </div> Mon, 04 Apr 2016 10:52:50 +0000 sgupta 7783 at Engagement ring fail: what doomed diamonds tell researchers about consumers /news/engagement-ring-fail-what-doomed-diamonds-tell-researchers-about-consumers <span class="field field--name-title field--type-string field--label-hidden">Engagement ring fail: what doomed diamonds tell researchers about consumers</span> <span class="field field--name-uid field--type-entity-reference field--label-hidden"><span>sgupta</span></span> <span class="field field--name-created field--type-created field--label-hidden"><time datetime="2016-02-18T05:16:25-05:00" title="Thursday, February 18, 2016 - 05:16" class="datetime">Thu, 02/18/2016 - 05:16</time> </span> <div class="clearfix text-formatted field field--name-field-cutline-long field--type-text-long field--label-above"> <div class="field__label">Cutline</div> <div class="field__item">Beyond colour, cut and clarity? It's not just physical characteristics that define a market, says Anne Bowers. “Social characteristics” also count. (photo by Diamond Expert via flickr)</div> </div> <div class="field field--name-field-author-reporters field--type-entity-reference field--label-hidden field__items"> <div class="field__item"><a href="/news/authors-reporters/ken-mcguffin" hreflang="en">Ken McGuffin</a></div> </div> <div class="field field--name-field-author-legacy field--type-string field--label-above"> <div class="field__label">Author legacy</div> <div class="field__item">Ken McGuffin</div> </div> <div class="field field--name-field-topic field--type-entity-reference field--label-above"> <div class="field__label">Topic</div> <div class="field__item"><a href="/news/topics/breaking-research" hreflang="en">Breaking Research</a></div> </div> <div class="field field--name-field-story-tags field--type-entity-reference field--label-hidden field__items"> <div class="field__item"><a href="/news/tags/more-news" hreflang="en">More News</a></div> <div class="field__item"><a href="/news/tags/rotman-school-management" hreflang="en">Rotman School of Management</a></div> <div class="field__item"><a href="/news/tags/research" hreflang="en">Research</a></div> </div> <div class="field field--name-field-subheadline field--type-string-long field--label-above"> <div class="field__label">Subheadline</div> <div class="field__item">Study finds value drops for jewels associated with “I don't” or “unhappily ever after”</div> </div> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><p>We're told diamonds are forever.&nbsp;But new research reveals that when relationships tank, so does the value of the rings meant to honour them.</p> <p>A łÔąĎ±¬ÁĎ study&nbsp;examining&nbsp;the resale of diamond engagement rings shows that a diamond's value is affected by the story people attach to it and whether it fits with their ideas about what a good ring needs to be.</p> <p>Rings portrayed as products of divorce and other failed relationships are much less likely to sell –&nbsp;or more likely to sell at lower prices –&nbsp;than rings without a negative history.</p> <p>Previous academic research claiming that conformity to a single, defined market category is associated with a product's success is not the whole story, according to <strong>Anne Bowers, </strong>an associate professor of strategic management at the Rotman School of Management. The assumption in these cases is that consumer expectations are fully met when an item cleanly fits into a category.</p> <p>“In some sense, these findings are the exact opposite," Bowers says. “Here's a product that, technically speaking, fits exactly the criteria for an engagement ring, and yet you still have problems.”</p> <p>Two parts of the study revealed similar findings. Analysis of data from 1.5 million eBay listings of diamond solitaire engagement rings over a 13-month period showed that rings with no disclosed negative history were most likely to sell, and at a higher price. Rings whose sellers disclosed a divorce or other failed relationship –&nbsp;marked by such&nbsp;comments as “not going to happen,”&nbsp;or “right ring, wrong guy”&nbsp;–&nbsp;were less successful.</p> <p>A separate attitudinal survey showed that even though participants believed a diamond ring from a divorce was most likely to be authentic -- as compared to a ring from a happy marriage or a jewelry store –&nbsp;these particpants&nbsp;were reluctant&nbsp;to pay a comparable price for it.</p> <p>&nbsp;</p> <p><iframe allowfullscreen frameborder="0" height="315" src="https://www.youtube.com/embed/0NWi5Sho-T0?rel=0" width="560"></iframe></p> <p>The results mean&nbsp;that researchers should "think more carefully about what it is that defines whether or not you fit into a market,”&nbsp;Bowers says.&nbsp;“Social characteristics”&nbsp;are part of this process.</p> <p>If marketers can tap into or develop different consumer expectations – such as an interest in the size or cut of the stone or simply getting the best possible price – there is potential to make inroads on the primary ring market. This is what online used-ring marketer I Do Now I Don't has been trying to do.</p> <p>As for the lovelorn stuck with a ring to unload? “Actual purchases versus number of rings listed suggest that sales are rare in online markets,” Bowers says. “Anecdotally speaking, if you want money quickly, the best hope you have is to try to sell it back to the jeweller you bought it from. But be prepared to take a big loss.”<br> &nbsp;<br> The study is published in <a href="http://www.emeraldinsight.com/doi/abs/10.1108/S0742-332220150000032008"><em>Advances in Strategic Management</em></a>.</p> <p>(<a href="https://www.flickr.com/photos/diamondexpert/17369991168/in/photolist-8dzreW-hwefCD-4Cr6Lb-7KvBwA-65REdA-4TvmwQ-oe3BoF-4YLmxJ-2y2Bjp-4BxvCt-ssVKdm-4Tr8E6-5B2tWk-bYyNnJ-p3Qztz-662ZzW-87WbN2-4YLmRQ-bD3JbY-4bdNEZ-4bdNFx-65XJdV-662Zr1-4bdNFe-4bUeqY-4Cr6Mu-4CmPMc-RFB4F-bJRvMx-deTW2w-sKjnsj-ssWEtS-st48Xr-sHbZzw-ssTwBq-2Dc9MP-ykjb8V-662ZHo-5NnA-662Zs3-662ZLw-662ZFq-65XJqH-65XJo2-65XJfT-65XJjn-662ZMJ-662ZCS-662Zwm-f8Z1Gc">Visit flickr to see the original of the photo used at top</a>)</p> </div> <div class="field field--name-field-news-home-page-banner field--type-boolean field--label-above"> <div class="field__label">News home page banner</div> <div class="field__item">Off</div> </div> <div class="field field--name-field-picpath field--type-string field--label-above"> <div class="field__label">picpath</div> <div class="field__item">sites/default/files/2016-02-17-engagement-ring-flickr.jpg</div> </div> Thu, 18 Feb 2016 10:16:25 +0000 sgupta 7658 at Empathy is key to political persuasion, new research says /news/empathy-key-political-persuasion-new-research-says <span class="field field--name-title field--type-string field--label-hidden">Empathy is key to political persuasion, new research says</span> <span class="field field--name-uid field--type-entity-reference field--label-hidden"><span>sgupta</span></span> <span class="field field--name-created field--type-created field--label-hidden"><time datetime="2015-11-16T05:22:03-05:00" title="Monday, November 16, 2015 - 05:22" class="datetime">Mon, 11/16/2015 - 05:22</time> </span> <div class="clearfix text-formatted field field--name-field-cutline-long field--type-text-long field--label-above"> <div class="field__label">Cutline</div> <div class="field__item"> Conservative Geoffrey Pollock and Liberal Chrystia Freeland fail to win each other over during a political debate (photo by Jospeh Morris via flickr)</div> </div> <div class="field field--name-field-author-reporters field--type-entity-reference field--label-hidden field__items"> <div class="field__item"><a href="/news/authors-reporters/ken-mcguffin" hreflang="en">Ken McGuffin</a></div> </div> <div class="field field--name-field-author-legacy field--type-string field--label-above"> <div class="field__label">Author legacy</div> <div class="field__item">Ken McGuffin</div> </div> <div class="field field--name-field-topic field--type-entity-reference field--label-above"> <div class="field__label">Topic</div> <div class="field__item"><a href="/news/topics/breaking-research" hreflang="en">Breaking Research</a></div> </div> <div class="field field--name-field-story-tags field--type-entity-reference field--label-hidden field__items"> <div class="field__item"><a href="/news/tags/more-news" hreflang="en">More News</a></div> <div class="field__item"><a href="/news/tags/rotman-school-management" hreflang="en">Rotman School of Management</a></div> <div class="field__item"><a href="/news/tags/international" hreflang="en">International</a></div> <div class="field__item"><a href="/news/tags/collaboration" hreflang="en">Collaboration</a></div> <div class="field__item"><a href="/news/tags/business" hreflang="en">Business</a></div> <div class="field__item"><a href="/news/tags/research" hreflang="en">Research</a></div> </div> <div class="field field--name-field-subheadline field--type-string-long field--label-above"> <div class="field__label">Subheadline</div> <div class="field__item">The key is to frame your argument in a way designed to appeal to that person's moral principles</div> </div> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><p>It's not news that liberals and conservatives are lousy at winning each other over.</p> <p>But if they really care about making even modest in-roads with each other, they'll pay attention to research showing that arguments based on a political opponent's moral principles, rather than one's own, have a much better chance of success.</p> <p>Researchers <strong>Matthew Feinberg</strong> and Robb Willer decided to investigate the idea after watching the increasing polarization in American politics.</p> <p>"We were trying to figure out ways to overcome the polarization," says Assistant Professor&nbsp;Feinberg, who teaches organizational behaviour at the University of Toronto's Rotman School of Management. Willer is a sociologist at Stanford University.</p> <h2><a href="http://www.nytimes.com/2015/11/15/opinion/sunday/the-key-to-political-persuasion.html?_r=0">Read their opinion piece in <em>The New York Times</em></a></h2> <p>The pair ran a series of experiments that had participants come up with arguments of their own for someone of the opposite political viewpoint.&nbsp;A theoretical framework of values was used to define what qualified as a liberal or conservative argument.</p> <p>The results showed that both groups were extremely poor at developing arguments that would appeal to their political opposite, even when specifically asked to do so. Worse, some participants in both camps actually attacked the morality of those they'd been asked to convince.</p> <p>"Most people are not very good at appealing to other people’s values," says Professor&nbsp;Feinberg.</p> <p>Liberals asked to appeal to conservatives for support of same-sex marriage had only a nine&nbsp;per cent&nbsp;success rate in developing arguments based on conservative values of loyalty, authority or purity (such as, "our fellow citizens deserve to stand alongside us …").</p> <p>Only eight&nbsp;per cent&nbsp;of conservatives came up with liberal-friendly arguments about why English should be adopted as the official language of the United States, based on principles of fairness and protection from harm (e.g. "there will be less discrimination").</p> <p>Conservatives were more inclined to support universal health care when presented with what researchers called&nbsp;purity-based arguments, for example that more uninsured people might lead to more disease spread. Liberals showed an uptick in support for higher military spending&nbsp;when shown an argument based on the principle that the military and the employment opportunities it provides help to reduce inequality.</p> <p>The study's findings are timely as Canadian political operatives analyze results of their recent federal election and party organizers in the U.S. consider how to build bridges with voters for that country's election in 2016.</p> <p>"Instead of alienating the other side and just repeating your own sense of morality, start thinking about how your political opposition thinks and see if you can frame messages that fit with that thought process," suggests Professor&nbsp;Feinberg.</p> <p>The paper was recently published online in <a href="http://psp.sagepub.com/"><em>Personality and Social Psychology Bulletin</em></a>.</p> <p>(<a href="https://www.flickr.com/photos/josephmorris/11077290953/in/photolist-hSS1F4-hSRcBX-hSThra-hSSgx1-hSS6tU-hSSSTP-hSRYYD-hSSakZ-hSRTia-hSRvPD-hSSnay-hSS1Lr-hST8v4-hSRLo7-hSSty3-hSTd6X-hSSwQy-hSSG8a-hSS4tR-hSSmxE-hSSitU-hSSyyT-hSSoDW-hSRHok-hSSAVM-hSS1Qf-hSSaJW-hSSpZS-hSR9mD-hSSLn2-hSQnPc-hSS77W-hSSdSm-hSSJLE-hSRAeS-hSTdZv-hSSDW6-hSSZjK-hSSpAc-hSSBCZ-hSS9qy-hST7n2-hSSDca-hSTgHX-hSSC7W-hSS6F4-hSTbg4-hSRr1k-hSSAE9-hST2er">See the original of the photo on flickr</a>)</p> </div> <div class="field field--name-field-news-home-page-banner field--type-boolean field--label-above"> <div class="field__label">News home page banner</div> <div class="field__item">Off</div> </div> <div class="field field--name-field-picpath field--type-string field--label-above"> <div class="field__label">picpath</div> <div class="field__item">sites/default/files/2015-11-16-freeland-debate.jpg</div> </div> Mon, 16 Nov 2015 10:22:03 +0000 sgupta 7450 at Meet the łÔąĎ±¬ÁĎ experts ranked among world's top management thinkers /news/meet-u-t-experts-ranked-among-worlds-top-management-thinkers <span class="field field--name-title field--type-string field--label-hidden">Meet the łÔąĎ±¬ÁĎ experts ranked among world's top management thinkers </span> <span class="field field--name-uid field--type-entity-reference field--label-hidden"><span>sgupta</span></span> <span class="field field--name-created field--type-created field--label-hidden"><time datetime="2015-11-10T10:57:49-05:00" title="Tuesday, November 10, 2015 - 10:57" class="datetime">Tue, 11/10/2015 - 10:57</time> </span> <div class="clearfix text-formatted field field--name-field-cutline-long field--type-text-long field--label-above"> <div class="field__label">Cutline</div> <div class="field__item">Don Tapscott, Roger Martin and Richard Florida are three of the world's top management thinkers according to Thinkers50</div> </div> <div class="field field--name-field-author-reporters field--type-entity-reference field--label-hidden field__items"> <div class="field__item"><a href="/news/authors-reporters/ken-mcguffin" hreflang="en">Ken McGuffin</a></div> </div> <div class="field field--name-field-author-legacy field--type-string field--label-above"> <div class="field__label">Author legacy</div> <div class="field__item">Ken McGuffin</div> </div> <div class="field field--name-field-topic field--type-entity-reference field--label-above"> <div class="field__label">Topic</div> <div class="field__item"><a href="/news/topics/global-lens" hreflang="en">Global Lens</a></div> </div> <div class="field field--name-field-story-tags field--type-entity-reference field--label-hidden field__items"> <div class="field__item"><a href="/news/tags/our-faculty-staff" hreflang="en">Our Faculty &amp; Staff</a></div> <div class="field__item"><a href="/news/tags/rotman-school-management" hreflang="en">Rotman School of Management</a></div> <div class="field__item"><a href="/news/tags/ranking" hreflang="en">Ranking</a></div> <div class="field__item"><a href="/news/tags/international" hreflang="en">International</a></div> <div class="field__item"><a href="/news/tags/business" hreflang="en">Business</a></div> <div class="field__item"><a href="/news/tags/global" hreflang="en">Global</a></div> </div> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><p>The University of Toronto’s Rotman School of Management is the only&nbsp;Canadian school in&nbsp;the bi-annual Thinkers50 ranking of world’s leading management thinkers – for the second time in a row.</p> <p>Three łÔąĎ±¬ÁĎ&nbsp;faculty members with the Martin Prosperity Institute (MPI) were named to the Thinkers50 at a gala dinner in London, UK on Nov.&nbsp;9, including two in the top ten. Another two MPI fellows also made their debut in the ranking,</p> <p>With a total of five thinkers&nbsp;in the ranking, łÔąĎ±¬ÁĎ accounts for 10 per cent of the total.&nbsp;</p> <p>Professor&nbsp;<strong>Roger Martin</strong>, the former dean of the Rotman School and current Institution Director of its MPI, placed seventh&nbsp;in the ranking and was cited for his work in Strategy, Integrative Thinking and Social Entrepreneurship. &nbsp;</p> <p>Martin was also the joint winner, with Sally Osberg, Skoll Foundation President &amp; CEO, of the Social Enterprise Award. Their book,&nbsp;<em>Getting Beyond Better: How Social Entrepreneurship Works</em>, was published by Harvard Business Review Press, earlier this year.</p> <h2><a href="http://news.utoronto.ca/social-entrepreneurship-explained">Read more about Martin and <em>Getting Beyond Better</em></a></h2> <p><strong>Don Tapscott</strong>, an adjunct professor and fellow at the MPI, placed fourth&nbsp;on the list for the second consecutive ranking.&nbsp;He is considered to be a leading authority on innovation, media, globalization and the economic and social impact of technology on business and society.<br> &nbsp;<br> Professor&nbsp;<strong>Richard Florida</strong>, director at the MPI, made a strong showing on this year’s ranking placing 14th, up from 25th in 2013. He is globally recognized for his leading work on the creative class, innovation and the drivers of city prosperity.&nbsp;<br> &nbsp;<br> The two MPI fellows who debuted on the list are&nbsp;<strong>Nilofer Merchant</strong> placing 48th and Professor&nbsp;<strong>Adam Grant</strong> of the Wharton School placing 25th.&nbsp;<br> &nbsp;<br> A record 14&nbsp;women were included in the ranking and 14&nbsp;thinkers also made their debuts in the ranking this year.&nbsp;<br> &nbsp;<br> For the second ranking in a row, Canada was well represented with two thinkers in the top 10 with the Rotman School’s Martin and&nbsp;Tapscott. Canadian Syd Finkelstein, a professor at the Tuck School of Business at Dartmouth College also made the list and&nbsp;Canadian Henry Mintzberg of the Desaultels Faculty of Management at McGill University received a lifetime achievement award.&nbsp;<br> &nbsp;<br> “Interesting times yield interesting ideas,” Thinkers50 founders Stuart Crainer and Des Dearlove said. “How we view business and how business is practiced is changing. The ideas of the people featured in the Thinkers50 ranking make a difference on the factory floor and in the boardrooms of the world. In business today, ideas matter because they can be the difference between success and failure.”<br> &nbsp;<br> Thinkers50 scans, ranks and shares the very best in management ideas. Its definitive global ranking of management thinkers is published every two years. Previous winners include Professor Clayton Christensen of Harvard Business School (2013 and 2011); CK Prahalad (2009 and 2007); Michael Porter (2005) and Peter Drucker (2001 and 2003).&nbsp;<br> &nbsp;<br> For Thinkers50 2015, more than 20,000 people named their favourite thinker at the Thinkers50 website and 1,200 people nominated thinkers for specific Distinguished Achievement Awards.<br> &nbsp;<br> Further information on the Thinkers50 awards and program is online at <a href="http://www.thinkers50.com">www.thinkers50.com</a>.</p> </div> <div class="field field--name-field-news-home-page-banner field--type-boolean field--label-above"> <div class="field__label">News home page banner</div> <div class="field__item">Off</div> </div> <div class="field field--name-field-picpath field--type-string field--label-above"> <div class="field__label">picpath</div> <div class="field__item">sites/default/files/2015-11-10-top-management-thinkers_0.jpg</div> </div> Tue, 10 Nov 2015 15:57:49 +0000 sgupta 7432 at