Author: Olin in the Media

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About Olin in the Media

Posting the latest on Olin student, alumni, faculty, and staff stories from business and news outlets locally, nationally, and around the world.


Entrepreneurship

Arch Grants is practically synonymous with the St. Louis startup community. And Ben Burke, MBA’14, director of entrepreneurship at Arch Grants, is at the center of that synergy. He orchestrates many of the connections that fuel the burgeoning startup community here that is attracting entrepreneurs from around the world.

Burke joined Arch Grants in 2013, a year after it was launched as a nonprofit organization dedicated to “building a new economy by providing $50,000 equity-free grants and pro bono support services to entrepreneurs who locate their early-stage businesses in St. Louis.”

Through its competitive Global Startup Competition, Arch Grants attracts innovative entrepreneurs to the St. Louis region with the goal of keeping their startups here to grow a new economy of  innovative companies.

According to its 2016 Annual Report, Arch Grants has awarded $5.2 million in equity free grants to 96 startup businesses in St. Louis that, in turn, have created more than 1,000 jobs in since 2012, and generated over $51 million in economic output for the St. Louis region in 2016 alone. (source: Arch Grants Annual Report.)

Ben Burke is the guest on the latest episode of STL Community Cast, a podcast that created by Drew Davis who talks with innovative leaders in St. Louis. Give it a listen or check it out on Soundcloud.

 

 

 


SAN JOSE, CALIF.  – The Advanced Medical Technology Association (AdvaMed) today bestowed the fifth annual AdvaMed Lifetime Achievement Award to former Beckman Coulter CEO and Chairman John P. “Jack” Wareham, for his contributions to improving patient care and health care system efficiency through innovation of clinical laboratory testing.

Jack Wareham

“Jack is one of the unsung heroes of modern medical practice,” said Scott Whitaker, president and CEO of AdvaMed. “His work at Beckman Coulter helped pioneer automation in the clinical laboratory and transformed the diagnostic industry as a result. Millions of people every year benefit from his vision of more accurate and efficient clinical testing, and we are honored to present Jack this year’s Lifetime Achievement Award.”Wareham began his career in the life sciences after earning a bachelor’s of science degree in pharmacy from Creighton University in Omaha, Nebraska. He worked as a pharmacist while earning an MBA from Washington University in St. Louis, Missouri, and worked his way through the ranks of the pharmaceutical company, Smith, Kline and French.

SmithKline acquired laboratory instruments company Beckman Instruments in 1981 in a $1 billion deal. Beginning in 1984, Wareham held several senior management positions in the new division. In 1993, he was named president and COO of Beckman Instruments, which was spun off as a separate, public company in 1989.

As COO, he was the driving force behind the successful merger in 1997 of Beckman Instruments with Coulter Corporation, the leading manufacturer of systems for blood and other cell analysis. In 1998, he was named CEO of the newly formed Beckman Coulter.

Today Beckman Coulter is recognized as a powerhouse in the diagnostics industry, developing and marketing instruments, chemistries, software and supplies to simplify and automate laboratory operations, and ultimately save patient’s lives.

After retiring from Beckman Coulter in 2005, Wareham has continued to share his vision and business expertise, helping to guide a number of diverse enterprises as a director for medtech companies including Steris, ResMed, Accuray and Greatbatch

Wareham also served as chairman of the Board for AdvaMed in 2000, helping lead the association in a new direction for the 21st Century as it rebranded from the Health Industry Manufacturer’s Association.

“I am proud to be honored by my peers with this incredible award,” said Wareham, “and I gratefully accept on behalf of all the wonderful people I’ve worked with over the years who are dedicated to improving patient care.”

AdvaMed’s Lifetime Achievement Award highlights the accomplishments of pioneers in the medical technology sector whose contributions have had a significant impact on patients’ lives and the industry as an essential part of America’s economy. The award was presented during The MedTech Conference powered by AdvaMed at the San Jose Convention Center.

AdvaMed member companies produce the medical devices, diagnostic products and health information systems that are transforming health care through earlier disease detection, less invasive procedures and more effective treatments. AdvaMed members range from the largest to the smallest medical technology innovators and companies.




In an op-ed published by the Houston Business Journal, Panos Kouvelis writes about the crucial role supply chain managers play in recovery from natural disasters like the recent Hurricanes Harvey and Irma. Kouvelis is Director of The Boeing Center for Supply Chain Innovation and Emerson Distinguished Professor of Operations and Manufacturing Management. Excerpts from his opinion are below, link to the article here.

Panos Kouvelis

Hurricanes Harvey and Irma provide another stunning reminder of how far such disasters can reach. It is no exaggeration to say that, in the weeks and months to come, the whole world will feel their after-effects.

For supply chain managers confronting a disruption, the first-level reaction is to consider which customers, products, facilities, employees and suppliers are at the greatest risk. What is the overall revenue exposure, and how long it will take to recover?

As any supply chain manager understands all too well, it is not necessarily the original event, but the ripple effects that cause major disruptions. The Japanese earthquake triggered a meltdown at the Fukushima Daiichi Nuclear Power Plant. Hurricane Harvey caused a series of small explosions at the Arkema chemical plant in Crosby, Texas.

And when supply chains are tight, any hiccup can drive supply-demand imbalances. Harvey shuttered 60 percent of U.S. ethylene capacity. Ethylene and its derivatives are used to produce plastics, antifreeze, house paint, vinyl products and rubber. Shortages will ripple across these markets for months.

Photo: U.S. Coast Guard photo by Petty Officer 1st Class Patrick Kelley




Varsity Tutors Online Platform

Chuck Cohn, BSBA ’08, founder and CEO of Varsity Tutors, started his company when he was a junior at Olin. The personal tutoring company has grown as an online platform nationally since 2007, and has announced its first foray into the global marketplace with the acquisition of First Tutors, the largest tutoring marketplace in Europe. Read more in the Varsity Tutors News Release, Sept. 28, 2017:

Varsity Tutors, the leading live learning platform for private instructors in the United States, announced today its acquisition of UK-based First Tutors, the largest tutoring marketplace in Europe. The new partnership will enable learners in the UK and internationally to take advantage of Varsity Tutors’ market-leading technology infrastructure, which includes on-demand online and mobile instruction. This acquisition, effective immediately, marks Varsity Tutors’ first entrance into the international market, and reinforces the company’s commitment to providing access to expertise in any subject, anywhere, at any time.

Varsity Tutors connects students to over 30,000 experts for online, mobile, and instant instruction via its award-winning digital platform, as well as to in-person experts nationally. Named the 15th most innovative company in America by Entrepreneur, Varsity Tutors has delivered more than two million hours of live instruction in more than 1,000 subjects on its platform. Online and instant tutoring now account for the majority of its business with a product satisfaction rating of 4.85/5.00.

Since inception, both Varsity Tutors and First Tutors have focused on building robust platforms for students and adult learners to seamlessly connect with experts and receive the instruction they need to achieve academic and personal goals.

Varsity Tutors CEO Chuck Cohn“Expanding our platform globally has always been a priority for us. This partnership is a strategic move as we enter Europe by teaming up with the largest tutoring platform in the market,” said Chuck Cohn, founder and CEO of Varsity Tutors. “With First Tutors, we continue to expand our reach and scale our technology so more students can connect with expert instructors.”

First Tutors hosts 150,000 highly vetted experts on its platform, and has made more than 220,000 matches since inception. The website allows anyone to search for, browse and contact tutors. Once a tutor has accepted an offer from a student, First Tutors charges a one-time £4.99-24.99 introduction fee.
With the acquisition, Varsity Tutors plans to operate First Tutors under its current business model for the near term.

“First Tutors is excited to bring premier on-demand online instruction to Europe and beyond. The reality of students being able to use their smartphone to instantly connect with an expert across the world was compelling to our team,” said Anita Lee, co-founder of First Tutors. “With Varsity Tutors, we will be able to accelerate our efforts to connect students with tutors regardless of location or subject.”

About Varsity Tutors
Varsity Tutors is a live learning platform that connects students and professionals with personalized instruction to achieve any goal. To date, students have accessed more than two million hours of live instruction on the platform. Experts are available to meet in person or through the Company’s award-winning online and mobile platforms, which currently support the majority of all sessions. Varsity Tutors was founded in 2007 at Washington University in St. Louis.

About First Tutors
First Tutors is a global tutoring marketplace that helps families find experts in hundreds of subjects from academic courses, music and languages, to dance, business and computer programming. The online platform ranks 150,000 highly-credentialed tutors based on user feedback and specialist requirements. Founded in 2005, the company is dedicated to allowing students the widest range of choice possible for expert instruction.




Staci Thomas exudes enthusiasm and positive energy and it’s clear that students respond to her teaching tactics in her classroom where they practice the art of communication. Thomas, a lecturer in Management Communication at Olin was named one of 40 Top Undergraduate Professors by the Poets & Quants website this month.

Thomas received the Reid Teaching Award from the Class of 2017 and has been teaching at Olin since 2014 and at WashU since 2010.

Participants in the 2017 Washington University in St. Louis Olin Fleischer Scholars Program, a week-long residential summer program for for high school students geared toward underrepresented and first-generation college student populations, gathered at Bauer Hall on the Danforth Campus in St. Louis Wednesday, July 26, 2017. Staci Thomas, lecturer in Management Communications at Olin Business School, leads a workshop on resumes. Photo by Sid Hastings / WUSTL Photos

Thomas uses the flipped classroom approach in her classes. Students watch lectures on line and when they get to class, they are on their feet, practicing speaking, presentation, and other communication skills.

“She has done an incredible job ensuring that the electronic content is robust and that when in class students are applying the knowledge they have gained,” Steve Malter told Poets & Quants. Malter is Olin’s senior associate dean of undergraduate programs.

“There’s a pretty clear difference between lecturing and teaching,” Thomas explained to Poets & Quants. “We need to stop “dumping information” and placing the onus of responsibility on the students to absorb it. Today’s student grew up in sound-bites, vivid imagery and ever-changing pop-culture references. Long lectures and static images are no longer effective. We need to create new ways of teaching that work for the student, not just for the professor.”

Thomas answers a series of questions on the P&Q site. And the last question says a lot about her dedication and enthusiasm for teaching, “If, in 10 years, I could look back on 10 years’ worth of successful, satisfied former students, I’d call that a success.” Link to P&Q interview.


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