Social Security Strategy: Boost Lifetime Payouts With the Spousal Benefit
NASDAQ: William Reichenstein, Ph.D., Professor & Holder of The Pat & Thomas R. Powers Chair of Investment in Baylor’s Hankamer School of Business, is quoted about how spouses may maximize the higher earner's benefit when it comes to Social Security payouts.
Creating the Right Setting for Success
Leadership expert Dan Rockwell says culture building helps to attract and retain the kind of people who will fulfill a company’s mission. He says some industries, such as banking, government and education, can be slower to change culture. He advises to start small, with a division, a team, or an office. And remember, a “great place to work” is often determined by what is tolerated on the job. For example, management allowing rudeness in a meeting, or allowing a great performer to break the rules.
What Waco Financial Advisers think about China-driven Stock Market Turmoil
Waco Tribune-Herald: William Reichenstein, Ph.D., professor of finance and The Pat and Thomas R. Powers Chair in Investment Management in Baylor's Hankamer School of Business, is quoted in this story about the recent stock market plunge. He urged investors to stay the course in the wake of the weak performance. “This is a hiccup, a season of short-term volatility nobody could have predicted, though a number of us are certainly not surprised, considering how highly the market had been valued,” Reichenstein said.
How to Stop Comparing Yourself To Others
Rewire Me: This blog on the “key to happiness” explores research by James Roberts, Ph.D., The Ben H. Williams Professor of Marketing in Baylor’s Hankamer School of Business. He posits that the pursuit of material possessions may not equate to happiness but rather dissatisfaction. “People who pursue happiness through material gain tend to feel worse, and this is related to negative appraisals of their satisfaction with life,” wrote Roberts in his study, published in The Journal of Positive Psychology.
Hankamer School of Business Finds New, State-of-the-Art Home
KWBU-FM: AUDIO: The new $100 million Paul L. Foster Campus for Business and Innovation is the new home of Baylor’s Hankamer School of Business. Media representatives were given a tour this week of the 275,000-square-foot building, which has an atrium, classrooms with the latest technology, collaborative study rooms and more than 250 office spaces. Interviewed for the story were Terry Maness, D.B.A., dean of Hankamer School of Business, and MBA student Kevin Mitchell.
Is the Customer Always Right?
Research indicates that an employee’s repeated exposure to violations of moral principle can have a large impact on their personal life. Witnessing customers returning clothing they’ve worn, or abusing assistance programs, for example, leave employees depleted of energy to perform well at work, as well as causing friction with co-workers and their family at home.
Despite Improvements, Social Security Needs Bigger Fix: Retirement Scan
BankInvestementConsultant.com: Round up of current retirement news includes a link to a Kiplinger article on the kind of IRA account that is best for parents to leave their children. The article is based on a recent study in the Journal of Personal Finance by William Reichenstein, Ph.D., professor and The Pat and Thomas R. Powers Chair of Investment in Management, and Tom Potts, Ph.D., professor of finance, both at Baylor’s Hankamer School of Business.
The Astoundingly Simple Secret That Makes Argentines the Best Texters in the World
Mic: This article focuses on the growing trend of voice and audio messages – in lieu of traditional texting – that people are adopting around the world. The story cites research by James Roberts, Ph.D., The Ben H. Williams Professor of Marketing in Baylor’s Hankamer School of Business, which revealed that college students spend an average of eight to 10 hours per day on their cellphones.
Cake and Kale
Research indicates that if you want to eat healthy, but have a low degree of self-control, don’t avoid all of those unhealthy items you love. Instead, approach them as treats and consume them in moderation.
Summer Reading Fair Puts Books in Hands of Students
The Waco Tribune-Herald: Article about an extension of a summer-long program linking Waco ISD’s free summer meals program with reading mentorships quotes Linda English, Ph.D., clinical assistant professor of economics in Baylor’s Hankamer School of Business, who leads the Book Nook summer reading program. English said children who need the summer meals program are the most vulnerable to the “summer slide,” a loss of the principles and education learned over the school year. “This is a major factor accounting for gaps in test scores among social classes... We’re trying to give them a better chance.”
Retirees, Consider This Valuable New Strategy for Passing IRAs to Your Heirs
Kiplinger’s Retirement Report: Article on what kind of IRA account is best for parents to leave their children is based on a recent study in the Journal of Personal Finance by William Reichenstein, Ph.D., professor and The Pat and Thomas R. Powers Chair of Investment in Management, and Tom Potts, Ph.D., professor of finance, both at Baylor’s Hankamer School of Business.
Cell Phone Snubbing
From sending pictures of food on Snapchat, to “checking in” on Facebook, phone snubbing – or “phubbing” – can weaken a relationship, according to one professor’s research. Her advice? Establish mobile phone boundaries with your partner.
Building Products Plus Hires Seven Prison Entrepreneurship Program Graduates
University Chronicle: Building Products Plus, a Houston-based company, has found success in hiring employees through the Prison Entrepreneurship Program (PEP), which operates in more than 60 Texas prisons. Baylor researchers in 2013 conducted a study and found that PEP outperformed nine similar rehabilitation programs in achieving lower recidivism rates. Baylor’s Hankamer School of Business partners with PEP to help prisoners pursue certificates in entrepreneurship.
The Impact of Bystander Video from Smartphones
Houston Public Media: Story about people using cellphones to record such events as shootings and arrests quotes Baylor University researcher Jim Roberts, Ph.D., The Ben H. Williams Professor of Marketing in Baylor’s Hankamer School of Business. Roberts says a new social trend is that people are choosing to record provocative events rather than intervene. “We’re going beyond one step of being just apathetic bystanders...to what I call ‘cruel voyeurs,’” Roberts says.
3 Ways To Ditch Hierarchy And Improve Company Performance
YFS Magazine: Per Bylund, Ph.D., research professor of entrepreneurship in Baylor’s Hankamer School of Business, wrote this column addressing the pros and cons of ditching hierarchy and adopting a “horizontal” business structure. He offers three keys to making such a structure as productive as possible.
Baylor MBA Candidates Partner with Zambian Students for Business Consulting
Baylor University MBA candidates and Northrise University undergraduate students teamed up in June for the annual African Global Initiative course in Ndola, Zambia. The seven Baylor Business students and twelve Northrise students formed five teams to work for three local businesses on projects involving human resources, entrepreneurship, pricing structures and marketing campaigns.
Successful New Ventures
Ted Waldron offers a three-part formula for a successful start-up: Don’t try to go head-to-head with the major player in a market segment, provide a complimentary offering that extends or supplements a major competitor’s position, and wait for fragmentation in the supply chain.
Professional Selling Program Recognized by Sales Education Foundation
The Sales Education Foundation (SEF) named Baylor’s Professional Selling program to their list of Top University Sales Programs for the sixth year in a row
3 Unexpected Ways to Help Your Kids Be Mindful About Screen Time
The Huffington Post: Article includes three experts' viewpoints on family technology use. Quoted is Jim Roberts, Ph.D., The Ben H. Williams Professor of Marketing in Baylor’s Hankamer School of Business. Roberts, author of “Too Much of a Good Thing: Are You Addicted to Your Smart Phone?”, suggests tech-free zones of the house and times of the day – for everyone – so that cellphone use does not interfere with family relationships.
There are some potential dangers to corporate social responsibility. Blaine McCormick provides perspectives from the consumer, the target of the philanthropy, and the shareholders.
After Mars Hill, Will the Multisite Church Movement Grow Up?
Christianity Today: Charles North, Ph.D., associate professor of economics in Baylor’s Hankamer School of Business, is quoted in this in-depth article addressing the positives and negatives, risks and rewards, of the multisite church movement. North likened the fall of Mars Hill (a multisite church in Sammamish, Washington) to a successful startup business that endures a leadership succession, with the pastor as CEO. “The pastor is the face of that church,” North said. “How do you get a successor who is going to fill that role?”
Know When It's Time to Get a New Job
John Tesh’s Intelligence for Your Life: Article about unhappiness at work cites a 2011 study by Baylor researchers, who found that workers with a hostile supervisor were much more likely to have problems with their partners than those with supportive bosses. The workers also are were more likely to take out their frustrations on their family because they felt powerless at work. The study, published in Personnel Psychology, was conducted by Dawn Carlson, Ph.D., professor of management and The H.R. Gibson Chair of Organizational Development at Baylor’s Hankamer School of Business, and former management professor Merideth Ferguson.
Misquotes and Memes: Did Ben Franklin Really Say That?
Science Daily: Blaine McCormick, Ph.D., associate professor and chair of the management department in Baylor University’s Hankamer School of Business and author of the book “Ben Franklin: America’s Original Entrepreneur,” discusses the legitimacy of Ben Franklin quotes and memes found on social media.
Surprising Links between Gratefulness, Money and Happiness
Psychology Today: If you feel thankful and grateful in general, you're more likely to experience happiness than people who are more focused on their material wealth and possessions, according to a recent study led by James A. Roberts, Ph.D., The Ben H. Williams Professor of Marketing in Baylor’s Hankamer School of Business. But when people who are more materialistic have an experience that causes them to feel gratitude in some form, their level of happiness rises. The research was published in The Journal of Positive Psychology.
Time and Quality
Jason MacGregor took a closer look at the effect filing times have on the quality of audits. What he found is a bit counter intuitive.
4 Ways to Bridge the Retirement Income Gap
TIME: William Reichenstein, Ph.D., The Pat and Thomas R. Powers Chair of Investment in Management at Baylor’s Hankamer School of Business, is quoted about strategies to delay Social Security benefits to boost income and financial security. Reichenstein suggests pulling funds from pretax accounts, such as a 401(k) or traditional IRA, to take advantage of a low tax bracket before Social Security and mandatory withdrawals from retirement accounts kick in.
10 Ways Your Smartphone is Making You Fat
Active Beat: A recent Baylor University study reports that female college students spend 10 hours daily on their smartphones, while men spend roughly 8 hours. According to the article, the time we spend on our phones is preventing us from doing more beneficial activities, like working out.
Turning Hobbies into Jobs
KWTX-TV: VIDEO: Sara Perry, Ph.D., assistant professor of management in Baylor’s Hankamer School of Business, was interviewed as an expert source for this story about women who have taken the steps to turn their hobbies into jobs. Perry is an active researcher, publishing in the areas of work-life balance and autonomy.
7 Ways to Maximize Your Social Security Benefits
MSN.com: Bill Reichenstein, Ph.D., the Pat and Thomas R. Powers Chair in Investment Management at Baylor's Hankamer School of Business, talks about how to prepare to claim Social Security benefits if you spouse dies. “The higher earner should base his benefits decision on the age he would be when the second spouse dies,” Reichenstein said. “What would probably be the best strategy is for him to wait until he turns 70 because, after the death of the first spouse, the survivor keeps the higher benefits.”
Prison Entrepreneurs: From Shark Tank to Redemption
Acton.org: Column about the Prison Entrepreneurship Program (PEP), a Houston-based nonprofit that turns incarcerated men into aspiring business owners. After these men successfully complete PEP’s three-month character development program, they move into PEP’s core program, a six-month business plan competition that leads to a Certificate in Entrepreneurship from Baylor’s Hankamer School of Business. In 2013, Baylor determined that PEP delivers a 340 percent return on investment for every dollar donated to the program.
Blowing the Whistle
It was an early fascination with the Enron scandal that sparked Amy Miller’s research on how likely someone will blow the whistle on someone else’s wrongdoing.
Promoting Hands-On Learning: Undergraduates as Business Consultants
Prior to becoming a Baylor faculty member in fall 2014, Sara Perry, assistant professor of Management, taught organizational behavior at the University of Houston—Downtown. With a university initiative for service learning, Perry and two fellow faculty members created a transformational learning opportunity for their students.
Baylor Regents Approve Doctorate, OK New Sports Center
The Baptist Standard: Second item on action taken recently by the Baylor Board of Regents, who voted to establish a new Ph.D. program in entrepreneurship in the Hankamer School of Business and approved $1.1 million for the design and construction of the Simpson Strength and Performance Center in the Simpson Athletics and Academic Center.
Yet Another Reason Advertisers Should Embrace Body Diversity
The Huffington Post: New research by James Roberts, Ph.D., The Ben H. Williams Professor of Marketing in Baylor’s Hankamer School of Business, is the focus of this The Huffington Post article addressing whether a model’s body size in an advertisement affects a consumer’s purchase. Roberts’ research found that marketers and advertisers who default to the “thin ideal” – the belief that thinner is better – could be alienating up to 70 percent of their audience. The article is part of The Huffington Post’s “Social Science Made Simple” series.
A Consumer Dilemma: More Kale or Less Cake?
As time goes on, more and more people are monitoring their food consumption in an attempt to lose weight or improve their overall health. But, should consumers focus on avoiding unhealthy foods or on eating more healthy foods? After seeing countless articles and headlines with titles such as “Foods You Should Avoid at All Costs” and “Best Foods for Your Health,” Assistant Professor of Marketing Meredith E. David wanted to find out for herself.
Study: Hey, Advertising and Marketing Pros! Before You ‘Go Thin,’ Think Again
Here’s the skinny: Not all women will buy products because the models in the advertisements are thin, according to a new study of a diverse group of 239 women by a Baylor University marketing professor.
Reacting to Activists
How do activist organizations get companies to do what they want? What factors should a company take into consideration before responding to activists? Ted Waldron provides insights from his research on the topic.
New business ideas are being pitched in an unconventional setting that may come as a surprise to some. MBA students are going to jail to help inmates develop business plans.
Smartphone Separation Anxiety: How Bad is Your Nomophobia?
NBC’s TODAY Show: “Nomophobia” (no-mobile-phone-phobia) – that anxious feeling when you are without your smartphone – was the subject of NBC reporter Erica Hill’s story for Thursday’s TODAY Show, which features James Roberts, Ph.D., The Ben H. Williams Professor of Marketing in Baylor’s Hankamer School of Business. Roberts, whose research on cellphone addiction has made national and international news for many months, was interviewed as an expert source. He said, “Cellphones are becoming a more integral part of our life, and as they have become more portable, as they become more multifunctional, we find more ways to become attached to them, if not addicted.” Several of Roberts’ tips, as well as his research, which found that male and female college students spend an average of 8-10 hours per day on their mobile devices, respectively, were also included in the piece.
Baylor Regents Approve Entrepreneurship Ph.D., $1.1 Million Athletic Weight Room Renovation
Waco Tribune-Herald: Baylor’s Hankamer School of Business will add a new doctorate degree in entrepreneurship, aiming to capitalize on the limited number of advanced degree options in the growing study field. Quoted in the story is Terry Maness, D.B.A., business school dean. The Board also approved $1.1 million to design and construct the Simpson Strength and Performance Center in the Simpson Athletics and Academic Center.
The Challenges of Free Trade Across the Atlantic
Joe McKinney, Ben H. Williams Professor of International Economics and associate director of the McBride Center for International Business, is an expert in international trade policy. He has testified before the Trade Subcommittee of the U.S. House of Representatives’ Ways and Means Committee, the U.S. International Trade Commission on the economic effects of the North American Free Trade Agreement (NAFTA), and the U.S. Trade Deficit Review Commission concerning the implications of persistent trade deficits.
2015’s Mayweather vs. Pacquiao by the Numbers
Wallet Hub: Kirk Wakefield, Ph.D., the Edwin W. Streetman Professor of Retail Marketing in Baylor’s Hankamer School of Business, is quoted as an expert source regarding the popularity of boxing, compared to other sports – football and soccer, specifically. “Given the rise of soccer in popularity among millennials, if the NFL does not adapt to the culture and properly assess the risks of the sport, it may end up where boxing is today. Of course, we are talking over the course of decades.”
Study Ranks Texas Low on List of Best States for Working Mothers
KWTX-TV: Emily Hunter, Ph.D., assistant professor of management in Baylor’s Hankamer School of Business, is featured as an expert source in this story about a Wallet Hub study that ranks Texas low on a list of best states for working mothers. “Employers are starting to recognize that workers want more family friendly policies, and to stay competitive and to keep those high-performing workers, that they need to offer the best family friendly benefits,” Hunter said.
Learn, Teach, Repeat
Accounting and Business Law Professor Bill Thomas has a long history with Baylor University. Thomas is a “double bear;” he holds a BBA and an MBA from Baylor. He went on to get his PhD from the University of Texas at Austin before returning to Baylor to teach. Since then, he has taught at Baylor for a total of 39 years.
Baylor Class Urges Marketing Outreach to Keep Young Professionals in Waco
Waco Tribune-Herald: Baylor students and professors are brainstorming ways to market Waco to young professionals. At a Waco City Council work session, six students of Todd Finch, part-time lecturer of marketing in Baylor’s Hankamer School of Business, pitched ideas for a campaign to keep young professionals in town after they graduate from Waco’s colleges. Sophomore Taylor Dick, junior Savannah Batista and Waco Mayor Malcolm Duncan are quoted.
Familiarity and Race
BizEd: Article about a National Bureau of Economic Research study co-authored by James West, Ph.D., W.H. Smith Professor of Economics in Baylor’s Hankamer School of Business, which shows that increased contact between majority and minority groups leads to improved attitudes and behaviors. The research analyzed the roommate choices of cadets at the U.S. Air Force Academy. Specifically, researchers looked at what happened when white cadets were assigned black roommates.
ProSales Takes Top Team and Individual Honors in National Competition
Baylor’s Professional Selling program (Baylor ProSales) finished 4th overall, out of 67 universities, in the National Collegiate Sales Competition (NCSC) at Kennesaw State University.
Baylor ProSales Finishes Third in Western States Collegiate Sales Competition
Baylor’s Professional Selling program (Baylor ProSales) finished 3rd overall in the Western States Collegiate Sales Competition (WSCSC). ProSales seniors, Katie Simutis and Lindsey Regan, alongside ProSales junior, Pearson Brown lead Baylor to this top finish.
Business Students to Present Plan to Waco City Council
On Tuesday May 5, six Baylor Business students will present a marketing plan to the Waco City Council at 3:00 p.m. The presentation will be televised on the Waco City Cable Channel.
Baylor Professional Fraternity Took Care of Business at State Competition
Baylor’s freshly minted Phi Beta Lambda (PBL) chapter has set a precedent of success after bringing home 43 awards April 10-11 at the 2015 State Leadership Conference at The University of Texas at Dallas in Richardson.
Ethics Of: A Billion-dollar Sports League Operating as a Nonprofit [BBR]
Mass appeal has propelled the National Football League’s popularity and economic success, enabling blockbuster ticket sales, a namesake television network, broadcast deals, beverage sponsorships, clothing and apparel sales, and other income streams.
TREP EXPO in Addison Gathers Entrepreneurship Thought Leaders to Strengthen Startup Community
Baylor entrepreneurship department partners with Addison Economic Development, Dallas Entrepreneur Center for May 14-15 event
Baylor University Business Student Takes Second Place in National Selling Competition
Baylor University senior Kelsey Mann was named runner-up in the national Sales Student of the Year Award competition held by the American Marketing Association (AMA) and the University Sales Center Alliance (USCA).
The 25 Business Schools that Offer the Most Financial Aid
Business Insider: Hankamer ranked #1 when the online grad school guide GraduatePrograms.com surveyed over 10,000 current and former business school students about their programs to find which ones offer the best financial aid.
Teaching Business Skills to Ugandan Pastors [BBR]
In Uganda, the majority of residents are Christian. Yet, many believe in witch doctors and the evil nature of business. It’s a region where, traditionally, Christians believe God blesses His faithful followers with material wealth. As a result, business and the learning of business skills are discouraged. Ugandan pastors and their wives who seek business skills have been historically deemed as mistrusting of God and His will.
Satisfied Employees Make Satisfied Companies
Employees matter. In recent research, Assistant Professor of Finance Antonio Macias, found employees do create value for firms, which can be evident in mergers and acquisitions.
8 Biggest Misconceptions About Retirement
USA TODAY: Tom Potts, Ph.D., professor of finance in Baylor’s Hankamer School of Business, is quoted as an expert source in this article identifying misconceptions about retirement – everything from “retirement is easy” to tips on how to talk to a financial planner. "A financial planner can help uncover these misconceptions and bring clarity to these areas of confusion and misunderstanding," Potts said.
The Colorful Language of Finance
More than most disciplines, the world of finance operates using a core of playful language. The industry’s terminology conveys the imagination required to address the financial challenges of daily life.
Bears on a Mission [BBR]
From volunteering at a soup kitchen to founding an organization to end hunger, the pursuit of a calling can be defined many ways.
For more than 50 years, Baylor Business graduates have applied their business education to provide principled leadership and a Christian commitment to service to their communities.
We spoke to four mission-driven alumni who have harnessed those business skills and dedicated their careers, and lives, to nonprofit organizations and their causes.
Preparing Early: Why You Should Begin your Retirement Planning in your 20s or 30s
Insurance News Net: Bill Reichenstein, Ph.D., the Pat and Thomas R. Powers Chair in Investment Management at Baylor's Hankamer School of Business, is quoted in this story about younger workers preparing for retirement. In the article, originally published by the Deseret News, Reichenstein encourages people to save all they can in tax-deferred or tax-exempt accounts due to strong tax advantages, compared to saving in a taxable account or a non-qualified annuity.
Baylor’s New Venture Competition Awards Student Entrepreneurs
The Baylor New Venture Competition, hosted by the department of entrepreneurship in Baylor University’s Hankamer School of Business, awarded more than $130,000 in cash and prizes to student teams pitching original business plans.
Baylor's New Phi Beta Lambda Organization Sweeps Competition
In its first year of operation at Baylor University the Phi Beta Lambda business fraternity competed in a statewide academic competition bringing home numerous awards.
Technology and a Quality Life: A Delicate Balance
Baptist News: Referenced in an article about finding a balance between technology and reality is a Baylor University study that relates the uses of smart phones to addictive behaviors, depression, mood changing and inattentiveness. Researcher James Roberts, Ph.D., the Ben H. Williams Professor of Marketing in Baylor’s Hankamer School of Business conducted the study which also found a connection between phone usage and poor sleep and loneliness.
Mann Takes Second Place in National Competition
The American Marketing Association (AMA) and the University Sales Center Alliance (USCA) announced the inaugural Sales Student of the Year Award. Baylor’s Kelsey Mann received runner-up for this national award. The AMA Sales Student of the Year Award recognizes the top collegiate members demonstrating superior exposure to and participation in sales-related events.
What Gets Measured, Gets Done
There’s been a disconnect between job performance evaluations and what firms want employees to achieve. An organization’s evaluation system impacts their workers’ behavior.
The 25 Business Schools that Offer the Best Education
Business Insider: Baylor University’s Hankamer School of Business is recognized in this article as being listed among the top 25 business schools with the best quality of education, as compiled by GraduatePrograms.com. According to the article, more than 10,000 current and former business school students were surveyed.
Smartphones Are Lifelines for More Poor Americans, Study Says
NBC News: Quoted in an article about connections between smartphone dependency and lower income is James Robert, Ph.D., the Ben H. Williams Professor of Marketing in Baylor’s Hankamer School of Business. Roberts, an expert in consumer behavior, has extensively researched cellphone patterns among college students. He claims that the accessibility of cellphones has caused an exponential increase of dependency in users.
Sense of Gratitude Counters Life Dissatisfaction in Psychological Study
Medical Xpress: A Baylor University study led by Jim Roberts, Ph.D., The Ben H. Williams Professor of Marketing in the Hankamer School of Business at Baylor University, showed that individuals who were highly materialism were less satisfied with their lives, but that gratitude can “buffer” the negative effects of materialism.
Investing in People
There are hundreds of “angel groups” across the U.S. and around the world. What are they looking for when considering where to invest?
What Is a Future Income Stream Really Worth?
The Wall Street Journal: Bill Reichenstein, Ph.D., The Pat and Thomas R. Powers Chair in Investment Management at Baylor's Hankamer School of Business, is quoted in this column about the pros and cons of taking a lump-sum check versus a stream of future payments.
The Pros & Cons of Corporate Social Responsibility [BBR]
At first blush, the idea of corporate social responsibility seems like something every company should strive for.
Giving back to the community, or even the world, seems like a reasonable expectation for companies that want to “do the right thing.”
But Department of Management Chair and Associate Professor Blaine McCormick contends the concept is not always so black and white.
10 Common Investing Rules That Don’t Apply Anymore
U.S. News and World Report: When does traditional wisdom crumble into irrelevance? Financial advisors – including Bill Reichenstein, Ph.D., the Pat and Thomas R. Powers Chair in Investment Management at Baylor's Hankamer School of Business – say that moment comes when clichés become counterproductive.
Adding Gratitude to Wealth May Help With Happiness
Psych Central: A Baylor University study led by James A. Roberts, Ph.D., Ben H. Williams Professor of Marketing in the Hankamer School of Business at Baylor University, shows the inverse relationship between materialism and happiness. The study was based off a questionnaire sent to 249 university students. Results showed that individuals of high materialism showed lower levels of general satisfaction. Results also demonstrated that gratitude has the ability to “buffer” the negative effects of materialism.
Baylor Clinches Top 10 Accounting Program in LinkedIn Rankings
LinkedIn recently ranked Baylor University a Top 10 school for graduate accounting. LinkedIn analyzed over 300 million alumni profiles to find out “how universities around the world stack up across a variety of careers.”
Why You Should Begin Planning for Retirement in Your 30s
The Oklahoman: Bill Reichenstein, Ph.D., the Pat and Thomas R. Powers Chair in Investment Management at Baylor's Hankamer School of Business, is quoted in this story about younger workers preparing for retirement. In the article, written by the Deseret News, Reichenstein encourages people to save all they can in tax-deferred or tax-exempt accounts due to strong tax advantages, compared to saving in a taxable account or a non-qualified annuity.
The Rise of Mission-Critical Skills: The competencies enabling individuals and organizations to pursue their callings [BBR]
What private-sector business skills are prized by nonprofit organizations?
It’s an increasingly important, but complex question – and one that ought to command the attention of all leaders and managers, regardless of the sector in which their organizations execute their unique missions.
Why a Total Return Investing Approach Makes Sense to Me
The Wall Street Journal: Bill Reichenstein, Ph.D., the Pat and Thomas R. Powers Chair in Investment Management at Baylor's Hankamer School of Business, penned this column regarding retirees investing their portfolios widely using a total-return approach.
Researchers Use Roommate Selection Data to Examine Attitudes Toward Minority Groups
Sustainable City Network: Article about a National Bureau of Economic Research study co-authored by James West, Ph.D., W.H. Smith Professor of Economics in Baylor’s Hankamer School of Business, which shows that increased contact between majority and minority groups leads to improved attitudes and behaviors. The research analyzed the roommate choices of cadets at the U.S. Air Force Academy. West, quoted in the article, said the study went beyond surveying cadets and used data to examine their actions. “If the actions of someone can be observed, that’s a much more powerful signal of what they really think,” West said. “Actions don’t lie.”
Business School Climbs Rankings in U.S. News Grad School Survey
Baylor's Hankamer School of Business moved up seven places to No. 58 among the top-rated master’s programs in business, tied with George Washington University and University of Alabama.
Know Who Your Best Clients Are
Realtor: This article features sales expert Andrea Dixon, Ph.D., executive director of Baylor University’s Center for Professional Selling and the Keller Center for Research in Baylor’s Hankamer School of Business, who advises salespeople to narrow their customer databases and develop “personal touch portfolios,” which rank the best candidates for a salesperson’s most personalized marketing and highest level of attention. “We are limited in bandwidth as individuals,” Dixon says. “You want to target the people who it makes the most sense for that individualized follow-up — those for whom seeing, hearing and feeling from you will evoke a positive personal response.”
Baylor’s McBride Center for International Business Presents Global Business Forum on “The Global Classroom: Issues in International Education”
The ninth annual Global Business Forum, presented by the McBride Center for International Business in Baylor’s Hankamer School of Business, will be held March 16 to 20, and will examine “The Global Classroom: Issues in International Education.”
The 'Big Four" Business School Game Changers
Dean Terry Maness is one of four deans featured in this article on the Eduvantis blog. What is the one thing happening in business schools today that will have the most impact on the industry in 5 years?
How to Pump Up Retirement Income by as Much as 30%
The Wall Street Journal: William Reichenstein, professor of finance and The Pat and Thomas R. Powers Chair of Investment in Management at Baylor’s Hankamer School of Business, is quoted in Jonathan Clement’s WSJ column about strategies to boost annual income during retirement by as much as 30 percent.
Baylor Team Wins Finance Competition
Four Baylor students won first place at The Texas Investment Portfolio Symposium (TIPS) at Rice University's Jones Graduate School of Business.
Help for Deciding When to Claim Social Security
Next Avenue: Social Security Solutions, a web-based tool that combines advice on timing a Social Security claim with recommendations for a tax-efficient retirement drawdown plan, was co-developed by Bill Reichenstein, professor and holder of The Pat & Thomas R. Powers Chair of Investment in Management in Baylor’s Hankamer School of Business. Reichenstein has done extensive research on how maximizing Social Security income can prolong the life of one’s portfolio.
Baylor Angel Network Reports Record-Breaking Year
Baylor Angel Network (BAN) members invested more than $3 million in 12 companies in 2014, more than twice the amount invested in 2013.
Constantly Checking Your Phone May be a Sign of Depression
Good Housekeeping: Research conducted by Baylor University found that individuals who frequently check their cellphone may be trying to improve how they feel emotionally. Similar to substance addictions, cellphone addiction could be an attempt at mood repair, the study found. Baylor researchers recruited 346 men and women with an average age of 21 and analyzed their personalities and level of mobile phone addiction through their answers to a detailed questionnaire.
Can Money Buy Us Happiness?
U.S. News & World Report: The adage “money can’t buy you happiness” may have some exceptions. According to this article, there are a few purchases that can lift consumer’s spirits. James Roberts, The Ben H. Williams Professor of Marketing at Baylor’s Hankamer School of Business, is quoted saying the thrill of purchases are short-lived while paying for experiences allows one to “savor the memories…for a lifetime.”
Are You Addicted to Your Smartphone?
Wall Street Journal This Morning: AUDIO: Hosts of the radio program, Wall Street Journal This Morning, discuss the Yahoo! Tech column by James Roberts, The Ben H. Williams Professor of Marketing at Baylor’s Hankamer School of Business, that walks readers through the six signs of smartphone addiction. At the end of the column, readers are asked to consider 12 statements to gauge whether they’ve reached (or surpassed) the “tipping point” of smartphone addiction. Roberts is widely recognized for his research on consumerism and cellphone addiction.
Prison Program Helps Keep Inmates From Reoffending By Equipping Them With Business Skills
Huffington Post: Inmates at Cleveland Correctional Facility in Texas are being offered the opportunity to participate in a unique Prison Entrepreneurship Program (PEP). Participants take on MBA-level coursework such as business plan and pitch writing, and are paired with a mentor in the business field. At the end of PEP, prisoners are awarded a certificate of entrepreneurship from Baylor University’s Hankamer School of Business. PEP boasts more than 1,000 graduates since its creation more than a decade ago, with almost all of the ex-inmates finding jobs within 90 days of their release, according to the Associated Press.
This May be the Way to Eliminate the Biases White Students Don’t Even Know they Have
The Washington Post: This Washington Post blog post features a National Bureau of Economic Research study co-authored by James West, Ph.D., W.H. Smith Professor of Economics in Baylor University’s Hankamer School of Business, which shows that increased contact between majority groups and higher-aptitude members of minority groups leads to improved attitudes and behaviors. Specifically, the research analyzes the roommate choices of cadets at the U.S. Air Force Academy.
Student-managed Investment Fund Provides Scholarships
For the 11th consecutive year, the student-managed Philip M. Dorr Alumni & Friends Endowed Investment Fund has provided a generous financial contribution for student scholarships. This year, $150,000 will be distributed by the fund.
Why Managers and Employees Have Wildly Different Ideas About Work-Life Balance
Fast Company: Finding a balance between work and personal time is next to impossible, but according to Emily Hunter, Ph.D., assistant professor of management in Baylor’s Hankamer School of Business, the responsibility of balance is left on the shoulders of the staffers. Hunter states that it is difficult to apply policies in the workplace that satisfy everyone and that Human Resources departments are underutilizing family-friendly offerings.
Hankamer Student Awarded Prestigious Scholarship
Senior Emily McWhirter, a human resource management major, is the recipient of a Society for Human Resource Management Foundation’s student scholarship award. SHRM confers only five undergraduate education awards each year.
Super Bowl Ads Win by Playing to Viewers' Emotions, Experts Say
Pittsburgh (PA) Tribune-Review: Kirk Wakefield, Ph.D., The Edwin W. Streetman Professor of Retail Marketing in Baylor’s Hankamer School of Business, is quoted as an expert source in this article examining the impact of emotional and celebrity advertising during the Super Bowl. Celebrities offer a way to establish a quick connection without spending 30 to 60 seconds teasing out a story, Wakefield explained.
Per Bylund – Research Professor at Baylor University
IdeaMensch: An in-depth Q&A profile with Per Bylund, Ph.D., research professor in the John F. Baugh Center for Entrepreneurship in Baylor’s Hankamer School of Business, who addresses his day-to-day habits, his passion for entrepreneurship and how to bring ideas to life. “As an academic, I think an idea may be inspiring in itself. But to be of value, it needs to speak to someone’s emotions, fantasies, or imagination, then evolve as it’s taken on by someone who realizes its potential,” Byland said.
Women’s exit of IT studied at Baylor
Cindy Riemenschneider, Ph.D., professor of information systems and associate dean for research and faculty development in Baylor’s Hankamer School of Business, is interviewed in this story about her research, which shows that occupational culture and informal social networks at IT firms are areas that need to be addressed to help keep women from fleeing IT jobs. “Because of the imbalance with regard to gender, a woman that wants that type of a mentor may need to seek out a mentor from another organization,” Riemenschneider said.
Clarity of Purpose
Entrepreneur Kevin Rustagi says the people who survive, even thrive, in the start-up world, all tend to be “hard-wired” the same. He says gritty people have deeply thought out, long-term goals and a “stick-to-it-ive-ness.”
How do certain people achieve such great things? What really separates people who really seem to have an almost other-worldly level of commitment to their ideas? Entrepreneur Kevin Rustagi says some people have a kind of “energy about them” to create new things… and a lot of staying power has to do with grit.
Social Security Needs Dependability, Even If Benefits Decrease: Retirement Scan
Financial Planning: Compilation of advice from articles in major news outlets on social security and financial planning. From the Wall Street Journal, William Reichenstein, Ph.D., professor of finance and The Pat and Thomas R. Powers Chair of Investment Management at Baylor’s Hankamer School of Business, says Congress needs to revamp Social Security to ensure that retirees will receive about 75% of their benefits in case the trust fund is depleted. He suggests using a new measure that yields a lower inflation than what the current formula provides. "I believe most of us would rather have a slightly lower level of promised benefits that we can depend on than to have a potentially dramatic reduction in benefits about 2033,” Reichenstein said.