Shea Gouldd, BSBA’17, tells Poets & Quants what it’s like to be a student at Olin and continue to run her business, Shea’s Bakery in Del Ray, Florida. shea'sbakeryShe started the bakery when she was 14 and has earned national recognition as a successful entrepreneur. We’re so proud to have Shea at Olin.

Welcome back to your sophomore year, Shea!

CATEGORY: Career, News

CNBC unveiled a new ranking of the most innovative companies in the market based on research and a ranking system devised by Olin professor of strategy Anne Marie Knott. The CNBC RQ 50 includes companies from a wide swath of industries from oil, gas, and defense to Silicon Valley’s stars. RQ stands for Research Quotient.

The CNBC RQ 50 is a unique list of publicly traded companies that derive the greatest shareholder value from their research and development spending (at a minimum of $100M annually), created in partnership with Washington University in St. Louis professor Anne Marie Knott, inventor of the Research Quotient (RQ). The RQ is calculated based on Professor Knott’s proprietary formula and is designed to help investors know what a company can expect to gain in revenue from an increase in R&D investment. – CNBC website

“Economic growth comes from innovation and R&D is the biggest source of innovation,” says Prof. Knott. “So if we can get each firm to increase their RQ a little bit that will lead to a permanent increase in economic growth.”

Prof. Anne Marie Knott

Prof. Anne Marie Knott

“The longer-term benefits are even greater,” Knott says, “as RQ also allows companies to more closely link changes in R&D strategy, practices and processes to profitability and value.”

Knott’s research led to the development of the RQ measurement tool. It is designed to help companies address several key questions that underlie R&D strategy:

  • How does a company know what kind of return it is getting from R&D?
  • Is it better at R&D than the competition?
  • How much should it be spending and what can it do to improve the effectiveness of those investments?

“I had been hoping for a measure like this since before becoming an academic,” Knott says. “Existing measures of innovation, such as R&D intensity and product/patent counts, don’t allow firms, policy makers or academics to know the answers to these big questions.”

Knott’s RQ metric allows companies to estimate the effectiveness of R&D investment relative to the competition.

“It lets them see how changes in their R&D expenditure affect the bottom line and, most important, their company’s market value,” Knott says.

Images:  CNBC video screen shot from CNBC website

Olin Business School and the Human Rights Campaign — the largest civil rights organization working to achieve equality for lesbian, gay, bisexual and transgender Americans — will host an LGBT Workplace Inclusion Conference at Washington University in St. Louis.

The conference will take place from 8:30 a.m.-noon Thursday, Aug. 14, in Bauer Hall, Room 240, on the university’s Danforth Campus. It will help businesses and organizations work toward being fully inclusive of LGBT employees. Sessions on the HRC Corporate Equality Index and becoming competitive in the global economy will be included.

Mark Brostoff, associate dean and director of Olin’s Weston Career Center, will introduce the conference.

Admission is free, but registration is requested here. For more information, email


Prepare to take off for the first flight over Olin’s new buildings when you click on this video. Recorded by a miniature camera mounted on a DJi Quad Copter drone, you’ll enjoy flying over the towers of Brookings Hall towards Seigle Hall where Olin’s four buildings: Simon Hall, Knight Center, Knight Hall, and Bauer Hall flank Mudd Field to the north and south.

photo[6]You can see how our friends at Mike Martin Media made the video using hi tech remote controls that guide the drone over and around all the buildings in this video posted on the blog.


Shiny new espresso machines and the Starbucks sign are visible in Olin’s new Bauer Hall Cafe and amping up anticipation for the opening of the first Starbucks on the Wash U campus. The full-service cafe will be managed by Aramark and offer hot dishes as well as a salad bar, drinks, and snacks. New staff began training today.

Coffee is expected to be flowing in time for the first day of classes Aug. 25. Meanwhile, enjoy this video of the construction that’s been underway this summer to complete the Cafe and two more classrooms in Bauer Hall. Thanks to Diane Grimsley, senior project engineer at Tarlton for the behind the scenes tour.