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September/October 2016 Bized STEPPING UP B-SCHOOLS' NEXT PHASE CAREER BOOSTERS WHEN B-SCHOOL DEANS AACSB’S NEW CHAIR SANTIAGO HANDS-ON APPROACHES BECOME PROVOSTS IÑIGUEZ SEES TRANSFORMATION PREPARE STUDENTS FOR OR PRESIDENTS P. 45 AHEAD FOR B-SCHOOLS P. 50 REAL-WORLD BUSINESS P. 56 AACSB INTERNATIONAL SEPTEMBER | OCTOBER 2016 SCHOLARS, TEACHERS, LEADERS... B-SCHOOL FACULTY ARE TAKING ON A WIDER RANGE OF ROLES P. 16 Launched more than 40 years ago, the Professional MBA program at the Darla Moore School of Business was the first part-time MBA program of its kind offering a blended learning format to working professionals. Today the program offers the convenience of earning a USC MBA on campus in Columbia, or in one of six other prime business locations across South Carolina and Charlotte, WE’VEWE’VE STILLSTILL GOTGOT IT.IT. N.C. With an array of immersive experiences and the opportunity for real-time and asynchronous engagement, the program’s blended learning model offers maximum flexibility to students. The academic resources of a world-class university and the multiple technologies utilized allow for #1 Online MBA in the nation— pedagogical innovation that enhances student experience. two years in a row. Temple University’s Fox School of Business outranks the competition again, according to U.S. News & World Report. The Fox Online MBA has been ranked in the top slot for two consecutive years in the publication’s Best Online MBA & Graduate Business Programs rankings, and was the only program in the 2016 7 locations in Students learn through a Employees from 200 edition to receive a perfect score for student engagement, faculty credentials South Carolina and combination of real-time companies in the South and training, student services, and more. Charlotte, N.C. and captured instruction, regularly enroll in the PMBA simulations, blogs and program with experience in discussion boards, web the manufacturing, conferencing and day-long engineering, healthcare, residencies military and finance sectors Total enrollment tops 440, Functional specializations Optional international with more than 175 new in business analytics, business concentration and students each year from international business, 10-14 day international across the Carolinas marketing, finance, immersion opportunities banking and innovation Learn more at and entrepreneurship FOX.TEMPLE.EDU/OMBA Biz_ed_ad_PMBA_FINAL.indd 1 8/1/16 4:41 PM in this issue SEPTEMBER | OCTOBER 2016 VOLUME XV, ISSUE 5 FOCUS ON FACULTY: 16 All Facets of Faculty As the business world has grown more complex, so have the roles and respon- sibilities of business professors. Three 16 schools discuss the systems they use to reward and enrich faculty activity. Adjusting for Adjuncts 24 When do schools use adjuncts? What are the results? Has deployment changed with new AACSB classifications? The Case for Doctoral Reform 38 James Bailey of George Washington University and Roy Lewicki of Ohio State argue that it’s time for schools to change the way they prepare PhDs. Stepping Up 45 Five former b-school deans describe their journeys from the dean’s post to the office of the president or provost. The Next Phase of 50 Business Education A look at the future of management education from AACSB’s new board chair, Santiago Iñiguez. Career Boosters 56 Events and exercises that help students connect with executives and get a feel 50 56 for working in the real world. RESEARCH & INSIGHTS IDEAS IN ACTION PEOPLE & PLACES 9 Who Should Be on That Virtual Team? 62 Track Record A system that helps 70 Fuel Partnership A plan to reduce Mixing busy and carefree workers. faculty track their contributions. energy poverty in developing countries. 12 It Takes a Village to Raise a Startup 64 Playing to Learn A business game The “venture advocate behaviors” teaches open book management. 72 Blockchain for Sharable Credentials that help startups succeed. New tech allows individuals to Plus: Schools implement action- share educational documents. Plus: When conversation is better based learning, and virtual reality than social media and why firms headsets allow accepted students Plus: Grenoble and EMLYON form should respond to mean tweets. to “visit” campus. alliance, and Elsevier buys SSRN. 60 Your Turn 68 Bookshelf 80 At a Glance SEPTEMBER | OCTOBER 2016 BizEd 1 JON FEINMAN New It’s not about how much weight you can lift. It’s about how much hope. Case Flash PUBLISHED BY AACSB INTERNATIONAL MISSION Forwards BizEd is the world’s leading source for authoritative information, ideas, and insights related to international management education. EDITORIAL Tricia Bisoux Co-Editor, [email protected] Sharon Shinn Co-Editor, [email protected] 2COMMUNIQUÉ Design, [email protected] BUSINESS Becky Gann Director, Business Development, [email protected] Debbie Wiethorn Senior Coordinator, Business Development, [email protected] Juliane Iannarelli Vice President, Knowledge Development, [email protected] Brandy Whited Communications Coordinator, [email protected] Each Case Flash Forward provides a 2-3 page update of key changes at a particular AACSB INTERNATIONAL company since it was Santiago Iñiguez Chair, Board of Directors covered in a related Soumitra Dutta Chair-Elect, Board of Directors case study. Thomas R. Robinson President & Chief Executive Officer BizEd (USPS 1884) is published six times a year by AACSB International— NEW CASE FLASH FORWARDS: The Association to Advance Collegiate Schools of Business 777 South Harbour Island Boulevard, Suite 750, Tampa, FL 33602 ¡ 3M Optical Systems Tel: +1-813-769-6500 Fax: +1-813-769-6559 General Management | #8555 www.aacsb.edu www.bizedmagazine.com ¡ BMW Films Marketing | #8558 ISSN number: 1537-338X ¡ Citibank: Performance Copyright information: Copyright 2016 AACSB International. All rights reserved. Materials used for Evaluation Accounting | #8552 educational and noncommercial purposes may be reproduced if permission has been obtained from ¡ Marriott Corporation: AACSB and if the photocopied material includes a line containing the issue date and the copyright The Cost of Capital notice. For all other uses contact AACSB International for permission. For information about ordering Finance | #8560 reprints and ePrints of articles, or for permission to reproduce any editorial content, contact Brandy Whited at [email protected] or +1-813-769-6518. ¡ Nordstrom: Dissension in the Ranks? HR Management | #8561 Change of address: Notify publisher at least six weeks in advance, including mailing label ¡ Pharmacy Service from the most recent issue and new address. Improvement at CVS Advertising: Acceptance and/or publication of editorial or advertising does not constitute Operations Management | #8566 THE ENTREPRENEURS endorsement by BizEd or AACSB International. All advertising is subject to review by the AACSB International Communications Department. For information about A TRUE BABSON STORY Full-text Educator Copies are advertising, email Becky Gann, director of business development, available to registered Premium at [email protected] or call +1-813-769-6517. Educators—a free service. Subscription: The yearly rate is US$35. YEARS SEE MORE: Subscribe online at www.bizedmagazine.com. POSTMASTER: Send address changes/corrections to “Unstoppable” # IN A ROW “Ball of energy” hbsp.harvard.edu 1 23 BizEd, 777 South Harbour Island Blvd., Suite 750, Tampa, FL 33602. BEST MBA FOR ENTREPRENEURSHIP BEST FOR ENTREPRENEURSHIP – FINANCIAL TIMES – U.S. NEWS & WORLD REPORT You can’t change the world by standing on the sidelines. Just ask Jon Feinman MBA’10 of InnerCity Weightlifting. He found something in common among city youth and did something uncommon to redefine their strength. ACTION.BABSON.EDU 2 BizEd SEPTEMBER | OCTOBER 2016 RELEASED TO VENDOR 19887_HE_BizEd ad_Sept_r3.indd 1 7/22/16 9:56 AM Date: 7-21-2016 Quadgraphics Vendor: 39480-16_16-BAB-1324_Awareness_Campaign_FEINMAN_size_2_MECH_v2.indd 1 7/22/16 12:13 AM Project # 16-BAB-1324 None Version # 1 Document Name 16-BAB-1324_Awareness_Campaign_FEINMAN_size_2_MECH_v2.indd Last Modified 7-20-2016 1:15 PM Fonts and Linked Graphics Colors In-Use Project Description Awareness Campaign Print - Feinman Art Director AR User Printer Output Date PMN Caecilia 55 Roman, 45 Light, Cyan Anisah Noer Jelly-Time 7-20-2016 1:14 PM Bleed 8.625” x 11” Mech Scale 1” = 1” Copy Writer SM 85 Heavy Magenta Trade Gothic Condensed No. 18, Bold Yellow Mechd By: SF RTVd By: AN Trim 8.375” x 10.75” Print Scale 100% Proj Mgr PO Condensed No. 20 Black Movie Letters Regular Live 7.625” x 10” Stock None Acct Svc AM 21467-15_JON_F_v3_swop.tif CMYK 306 ppi Viewing 8.375” x 10.75” Mech DPI 300 Prod Mgr LB Babson_KO.eps CD/ACD COPYWRITER AD CONTENT Laurel_US_News_KO.eps Finishing None Art Buyer LB Laurel_Financial_Times_KO.eps Colors Spec’d 4C Copy Edit SM ACCT SERVICE PROD COPY EDIT Special Instr. Size 2 8-18-2014 5:58 PM Studio SF BY SIGNING YOUR INITIALS ABOVE, YOU ARE STATING THAT YOU HAVE READ AND APPROVED Notes None THIS WORK. JON FEINMAN It’s not about how much weight you can lift. It’s about how much hope. THE ENTREPRENEURS A TRUE BABSON STORY # YEARS “Unstoppable” 1 23 IN A ROW “Ball of energy” BEST MBA FOR ENTREPRENEURSHIP BEST FOR ENTREPRENEURSHIP – FINANCIAL TIMES – U.S. NEWS & WORLD REPORT You can’t change the world by standing on the sidelines. Just ask Jon Feinman MBA’10 of InnerCity Weightlifting. He found something in common among city youth and did something uncommon to redefine their strength. 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