Developing an innovation education ecosystem

Entrepreneurship and Innovation | September 29th, 2016 posted
Tucker Marion

Tucker Marion

In the following post, D’Amore-McKim School of Business Professor Tucker Marion outlines the school’s unique and desirable approach to teaching innovation.

Starting with the Master of Science in Innovation (MSI) program, we have worked over the last year on developing an ecosystem designed to train and develop corporate innovators. Teaching innovation, as we see it, is a continuum spanning from corporate partners and executive education needs to on-ground graduate student cohorts.

When we launched the MSI program in the fall of 2014, we focused on the right side of the continuum – the on-ground graduate program, which covers 10 courses over a year. In the fall of 2016, we entered our third class – the largest and most diverse yet. With average work experience of 12 years and backgrounds spanning from technology services to food innovation, we are excited that our vision for teaching corporate intrapreneurship and innovation is resonating with students and the marketplace. We look forward to seeing where our students take their innovation projects over the course of the next year! (Read about some of our students’ experiences here.)

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Should small businesses give discounts?

Entrepreneurship and Innovation | September 22nd, 2016 posted

Frederick G. Crane

In the following post, D’Amore-McKim School of Business Senior Academic Specialist Frederick Crane outlines the details that small business owners should consider when it comes to discounting their products or services.

Small businesses have to really do a careful analysis as to whether or not to engage in discounting, examining the targets of the discounting, the timing of the discounting, the value of the discounts, and the impact on short and long-term profitability. And, unlike large businesses, the small business has a lot less room for error as well as having less margin play.

Personally, I’m not a big fan of discounting in general for a few reasons:

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Challenges ahead for Bayer after acquiring Monsanto

Entrepreneurship and Innovation | September 15th, 2016 posted
Samina Karim

Samina Karim

In the following post, D’Amore-McKim School of Business Associate Professor Samina Karim shares advice for navigating a large-scale corporate merger.

The news is abuzz with the recent announcement of Bayer acquiring Monsanto. The PR spin may be that together they can better serve the world’s need for more food for a growing population, but the hard facts are that both firms need to deal with stagnating prices that they can charge farmers. They thus need to achieve economies of scale to lower their costs (and now at least won’t have to worry about one other big rival trying to out-bundle them in sales).

In trying to capture these savings, the larger Bayer (no news yet on a new name) will face two big challenges.

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Bitcoin: potential investment or waning fad?

Finance | August 25th, 2016 posted

Jeffery Born

In the following post D’Amore-McKim School of Business Professor Jeffery Born shares thoughts on the state of Bitcoin and what you should know before making an investment.

  1. Bitcoin is still here. While there was a lot of buzz about the more than 20 percent increase in price a couple of months ago, as of Aug. 22, the price is now down to $580. In June, bitcoins had spiked up to almost $723. In May, they were trading at $445, so there was a big spike up (nearly 40 percent), followed by a big drop (just over 20 percent). Quite a roller coaster.
  1. Bitcoins do not ‘grow’ (like trees or corn) nor do they pay interest, so the only way that an investor can profit from a Bitcoin investment is through price appreciation. While bitcoins have risen strongly since May, their price is only about half of the high value it reached in November of 2013. During the same period the S&P 500 has risen by about 24 percent, not including the dividends these firms have paid.Bitcoins should be considered a high-risk investment, meaning the investor is prepared to lose virtually everything invested. High-risk investments should be no more than 5 percent of one’s portfolio and I would recommend that one’s portfolio should be worth at least $250,000 before making a serious investment in high-risk assets.

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