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Updated: 1 hour 39 min ago

Founding Member of Priceline.com Jeff Hoffman to Speak at Smith, April 20

6 hours 4 min ago

The Dingman Center for Entrepreneurship is pleased to announce that noted entrepreneur and speaker Jeff Hoffman will be speaking at the University of Maryland’s Robert H. Smith School of Business on April 20, 2017, as part of its Dingman Center Speaker Series. The series aims to inspire students by featuring successful business figures that have used an entrepreneurial mindset to advance their careers.

Fearless Idea 30: Leverage Your Bargaining Power

9 hours 7 min ago

The daily deal industry — Groupon and like companies working with small retailers to give big discounts, irregularly — had its heyday in the wake of the Great Recession. Though a smaller part of the market today, the daily deal model presents a case study of bargaining power examined in a new paper coauthored by Smith School marketing professor Lingling Zhang. While a platform’s large customer base is attractive to merchants, its inherently strong bargaining power can work against it. Read more...

Fearless Idea 29: Rethink Online Shopping Carts

9 hours 26 min ago

Have you ever filled your virtual cart while shopping online only to leave it without completing the purchase? Retailers have long considered this a huge problem, figuring trillions of dollars are lost due to abandoned online shopping carts. Now new research co-authored by Smith School professor Jie Zhang shows that these numbers are substantially overblown. And she says many retailers are focusing on the wrong thing: They should be trying to get consumers to spend more at their stores instead of just recovering virtual carts left behind. Read more...

Fearless Idea 28: Close the Gender Wage Gap

9 hours 45 min ago

Something inequitable happens when men and women with similar jobs get laid off at the same time from the same companies, and then move to the same new employer. The gender wage gap — whatever it was before — widens during the transition. Only one factor helps to soften the outcome. A study co-authored by Smith School professor Liu Yang shows that when women workers get rehired by women managers, the wage disparity is cut in half. Read more...

Smith Hosts Case Competition for Local High Schools

13 hours 18 min ago

A mock case competition was held at the University of Maryland's Robert H. Smith School of Business on March 17, 2017, for Prince George’s County High School students.

Melissa Fellman '18 Discusses Strategic Design and Innovation Fellows Program

13 hours 25 min ago

Victor Mullins, associate dean of the undergraduate program at the University of Maryland's Robert H. Smith School of Business, recently interviewed Melissa Fellman 18 to discuss her involvement with Strategic Design and Innovation Fellows and how it is part of her Smith journey.

Fearless Idea 27: Limit Market-Making Risks

Mon, 2017-03-27 11:11

Market makers have significant influence in financial markets, and they take on significant risk. In new research, Smith School professor Yajun Wang helps build a market-making model that enables market participants to better understand those risks. The model differs from traditional models because it allows market makers to explore how uninformed market participants might react to a change in a bid or ask price. The key is paying attention to information asymmetry. Read more...

Smith MBAs Hone Communication Skills

Fri, 2017-03-24 08:52

MBA students at the University of Maryland’s Robert H. Smith School of Business have an opportunity to develop their communication skills through the new Smith Executive Communication Program.

Fearless Idea 26: Know the Power of Posh Labels

Thu, 2017-03-23 10:48

High-priced luxury handbags are sometimes referred to as “statement pieces,” and for at least some women, the statement they’re making is: “Don’t even try to take my man." For such women, luxury accessories, such as high-priced designer shoes and handbags, function as “a signaling system directed to other women who pose threats to their romantic relationships,” according to research from Smith School professor Yajin Wang. She found that a woman who felt the need to shield her mate from the affections of a rival often did so by seeking out and flaunting lavish possessions. Read more...

Fearless Idea 25: Find What Drives Consumers

Thu, 2017-03-23 10:34

Let’s say your company has had a very profitable year, and has decided to reward you, one of its top contributors, with a handsome, 8 percent pay increase. Well done. Now, let’s say it’s just before the holidays. Should your friends and relatives expect an 8 percent raise in your gift-giving budget? No. They should expect even more than that, says research from Smith School professor Janet Wagner. She and a co-author found that gift-giving is a luxury. As income rises, gift expenditures increase at an even higher rate. Read more...

Fearless Idea 24: Unleash Your Creativity

Thu, 2017-03-23 10:11

Sharing creative ideas at work can be risky. What if a suggestion appears foolish? What if it upsets a comfortable routine? What if it fails? When in doubt, many employees keep their mouths shut. One way to counteract these instincts and foster creativity is to develop a seemingly unrelated skill: Networking. Smith School professor Vijaya Venkataramani and her co-authors show the link between creativity and networking in a study published in the Journal of Applied Psychology. Read more...

Fearless Idea 23: Win Over a New Team

Thu, 2017-03-23 09:51

Words of wisdom for new managers: First win over your team, then roll out your changes. But do it all with a keen understanding of the leader who came before you. You’ll be a lot more successful. These are the conclusions of new research from Smith School professor M. Susan Taylor and three co-authors. The researchers find that a new leader’s ability to push through changes in an organization depends on how the former leader was viewed by their team. Read more...

Fearless Idea 22: Shatter Misconceptions Among Job Seekers

Wed, 2017-03-22 08:15

Why do job seekers, scrolling through employment postings, favor some employers over others? It may be less about what they actually know and more about what they think they know, says Smith School professor Cynthia Kay Stevens. And, because job seekers resist applying to companies they have decided are not a good fit, they may miss opportunities. Read more...

Fearless Idea 21: Anchor Your Teams

Tue, 2017-03-21 08:19

Organizations need strong leaders who can build high-quality relationships with their subordinates. But the same leaders create a liability when they exit because loyal employees will often follow them out the door. The result can be “turnover contagion.” The opposite happens when bad leaders depart. Employees are more likely to celebrate. So what’s an organization to do? Research co-authored by Smith School professor Debra L. Shapiro explores ways to anchor employees to their organizations so they don’t want to leave. Read more...

Fearless Idea 20: Think Long-Term

Mon, 2017-03-20 08:53

It might be the biggest but least-talked-about drag on the U.S. economy and, paradoxically, it might be why your equity portfolio looks so good, with perky stock prices, cushy buybacks and better-looking dividends. It’s called short-termism, or quarterly capitalism. New research co-authored by Smith School professor Rachelle C. Sampson shows that U.S. capital markets have become increasingly focused on the short-term in recent decades. Read more...

QUEST Team Wins Deloitte Case Competition

Fri, 2017-03-17 10:44

Four students in the QUEST Honors Program at the University of Maryland won the $4,000 grand prize in the annual Deloitte Consulting Undergraduate National Case Study Competition on March 11, 2017.

Kristin LaRiviere on the Move

Fri, 2017-03-17 10:38

Smith Undergrad Staff Spotlight
Kristin LaRiviere, Assistant Director of Undergraduate Programs

When Kristin LaRiviere, assistant director in the Undergraduate Program at the University of Maryland's Robert H. Smith School of Business, graduated with her M.A. in 2011, she had no desire to return back to school. Then, as the years went by and more of her peers returned to school, she started questioning if returning for a PhD was the right move for her. She ended up following the same advice that she gives students: don't proceed unless you know the "why" behind your decision.

Why Your Next Performance Review Might Never End

Fri, 2017-03-17 10:00

Those annual employee performance reviews can be pretty stressful. But what if instead of being a once-a-year thing with just your boss, they were every day, with everyone you work with? JPMorgan Chase & Co. is revamping the way it evaluates its 240,000 employees, deploying a mobile app that will let colleagues across the organization send and receive instant feedback about each other any time. Executives say the application, Insight360, was inspired by the bank’s younger, millennial employees, many of whom say they prefer continuous feedback, rather than a once-a-year report card. Read more...

Grip Boost Founders on Dingman Bootstrapped Discuss Funding and Unlikely Customers

Thu, 2017-03-16 13:52

The Dingman Center for Entrepreneurship produces Bootstrapped, a podcast featuring founders, investors and serial entrepreneurs. On this episode of Bootstrapped, we talk football with Grip Boost founders Matt Furstenburg and Chanda Arya.

Gender Diversity on Corporate Boards: How Do We Get There?

Thu, 2017-03-16 12:20

Gender diversity can improve a firm's performance, research shows, but consensus is fleeting as to why a lack diversity persists on corporate boards.