Tag: Olin in the Media

David Nicklaus looks for answers in a recent column featuring an interview with Olin’s Lamar Pierce.

The great economist Milton Friedman famously argued that a business’s only social responsibility is to make more money, and his view dominated boardroom thinking for decades. What has caused big business to abandon Friedman’s principle? Lamar Pierce, associate professor of organization and strategy at Washington University’s Olin Business School, thinks it’s the advent of social media and the 24-hour news cycle. “Because of the changing nature of media, it’s easier to get messages out very quickly, and it’s more important to get them out,” Pierce says.

The St. Louis Post-Dispatch
“CEOs turn activists when social issues affect the bottom line”
Link to article

Alumni in the news

Al Li, EMBA class 39, has been elected as the new president of the Asian American Chamber of Commerce of St. Louis. He is vice president of Global Trade Finance at Regions Bank for the Midwest area that includes Missouri, Illinois, Iowa, Indiana, Ohio, and Kentucky.

Al Li photoWith nearly 20 years of corporate finance and banking experience including time at Monsanto and Bank of America, Li works with importers and exporters of all sizes to advise on export credit policies and provide solutions for export working capital using various insurance products and guarantee programs involving the Export-Import Bank of the United States (Ex-Im Bank), SBA, and Overseas Private Investment Corporation (OPIC).

Native to the St. Louis area, Li holds a BA of Communications and MA of Economics from the University of Missouri in addition to his Executive MBA from Washington University.  He serves on the Advisory Board of the International Institute’s Community Development Corporation that provides micro-lending services to immigrant and refugee entrepreneurs residing in the St. Louis area, and is a passionate supporter and Ambassador of the Mosaic Project.







If you schedule leisure activities the same way you schedule meetings or doctor appointments, you may not be having much fun. That’s the conclusion of new research from Selin Malkoc, associate professor marketing, and Gabriela Tonietto, a doctoral candidate in marketing.

Malkoc thumb copy

Prof. Selin Malkoc

Malkoc and Tonietto conducted 13 studies examining how scheduling leisure activities affects the way these events are experienced. The research showed that assigning a specific date and time for leisure can have the opposite intended effect, making it feel much like a chore. Additionally, the researchers found that both the anticipation of the leisure activity and enjoyment from it decreased once it was scheduled.

“Looking at a variety of different leisure activities, we consistently find that scheduling can make these otherwise fun tasks feel more like work and decrease how much we enjoy them,” Tonietto said.

Gabriela Tonietto

Gabriela Tonietto

While the research shows less scheduling is a good thing when it comes to fun, Tonietto and Malkoc stress people still need to hang onto their calendars.

A host of past research has shown that scheduling and planning is important in getting things done,” Malkoc said. “This work mostly examined non-leisure tasks, such as getting a flu shot. In our work, we find that this is also true for leisure tasks — that is, scheduling indeed increases our chances of engaging in them. But, on the flip side, we tend to enjoy it less.

“So it really is a balancing game, and it comes down to knowing what you will gain and lose when we schedule fun activities,” Malkoc said.

Link to complete news release by Erika Ebsworth-Goold.

Link to UPI story based on this Olin research.

Professor Glenn MacDonald’s Economics of Entertainment has been a popular  course for business school students for several years. Starting next fall, students will be able to pursue a Business of Entertainment minor based on an interdisciplinary combination of courses.  (more…)

From finding a fresh start to ensuring flu vaccine supplies are available when needed, research from Olin professors is making news. Check out these stories featuring Fuqiang Zhang, associate professor of Operations & Manufacturing Management and Hengchen Dai, assistant professor of organizational behavior. (more…)

St. Louis Post-Dispatch’s David Nicklaus features research from Olin assistant professor of finance Asaf Manela in his column Feb. 23, 2014. (more…)