Media Mentions

The Triangle

The Baiada Center for Entrepreneurship held their annual Business Incubator Competition June 4, in which startup businesses compete for funds and a designated space in the Baiada Business Incubator. Stabiliz Orthopedics, a company designing a new fracture fixation device to help trauma patients, won first place in the event. Stabiliz is made up of Doug Cerynik, CEO; Michael Adelizzi, CTO; Brad Grossman, COO; and Mark Seltzer, CFO. All four members are MBA candidates studying business administration in the LeBow College of Business.

The Scranton Times

The dying concept of spending an entire career with one employer, rollbacks in corporate hiring, expansion of individually owned 401(k) retirement plans and technological advances spark entrepreneurial activity even in recessions, said Mark Loschiavo, executive director of the Baiada Center for Entrepreneurship Technology at Drexel University in Philadelphia. "The risk equation is changed in terms of job security," Loschiavo said. "You're faced with challenges every step of the way. Most entrepreneurs have a strong internal locus of control."

The Philadelphia Inquirer

While they're not ignoring the recession, "I don't see them moping around," Baiada Center for Entrepreneurship director Mark Loschiavo said of denizens of the incubator. "From the entrepreneurs' perspective, they see the economy as just one of the many variables that they have to deal with, ... one more challenge to overcome," the director said.

Bloomberg News

Companies recruiting celebrities to their board often are seeking to burnish their image, said David Becher, associate finance professor at Drexel University in Philadelphia. “If I’m a firm that needs to raise money, a star may help you because of their public profile,” he said. “If a defense company is trying to get an Army or Navy contract, what better person is there than a retired general who has government contacts?”

KYW News Radio

Management Professor and Associate Dean for Strategic Initiatives Donna DeCarolis, Ph.D., discussed how a little bit of narcissism can be helpful to one’s leadership ability, but too much can doom it, during her business commentary on KYW News Radio, which ran Saturday, June 27, 2009.  

Philadelphia Inquirer

The team of students behind Stabiliz Orthopaedics won Drexel University’s 10th annual Baiada Incubator Competition earlier this month. The medical-device maker gets rent-free space in the campus business incubator for a year, $12,000 in seed capital, and $35,000 in in-kind support, such as legal advice and brand positioning.

Philadelphia Business Journal

A medical-device company took home the top prize in this year’s Baiada Incubator Competition. Stabiliz Orthopaedics, which has developed a fracture-fixation device for trauma patients, will receive $12,000 in seed money, more than $35,000 in in-kind support, and space in the incubator run by the Laurence A. Baiada Center for Entrepreneurship. The center is part of Drexel University’s LeBow College of Business. It announced the competition winners at its annual Entrepreneur Conference, which was held at World Café Live last week.

Bucks County Courier Times

In an article entitled "Could Gas Situations Happen Again," Shawkat Hammoudeh, Ph.D., professor of economics, said he feared that eventually gas-supply problems would return. "I see shortages coming," he said. "We have to work on green energy. The only way the world will survive is by finding alternative energy sources, and I think we're on the right path."

Yahoo

In an article entitled "7 Things Every Woman Should Know About Obama's Health Care Plan," Kerry Anne McGeary Ph.D., assistant professor of economics, said that because preventive care and public health initiatives are a major component of this proposed reform, underinsurance would likely become less of an issue.

Sacramento Business Journal

A team of five Drexel University LeBow College of Business LEAD MBA in Sacramento students argued drug company marketing tactics in a national ethics competition Saturday. The group was one of four finalists in the annual Marketing Ethics Case Competition, which was sponsored by LeBow College. Sacramento students Ryan Baker, Kyle Glankler, Kenneth Harms, Hai Nguyen, and Sarah Standiford — considered a case study on a pharmaceutical company drug launch.

The Philadelphia Inquirer

Shawkat Hammoudeh, professor of economics and international business at Drexel University's LeBow College of Business, says the perception is that even though U.S. unemployment reached 9.4 percent in May and home values remain depressed, there are rumblings of a recovery. "The oil prices are getting clues from the stock market about recovery, and the stock market usually predicts recovery within five months," Hammoudeh said. "According to the stock market, we should have a recovery starting in September."

Forbes.com

Drexel’s LeBow College of Business will soon be home to the first Center for Corporate Reputation Management at a U.S. university. With an official launch planned for fall 2009, the Center will get off the ground with its first advisory council meeting today, June 1, 2009. Under the direction of Elliot Schreiber, Ph.D., the Center will actively engage the global business community to identify best practices in reputation, encourage interdisciplinary knowledge sharing and research in reputation, and address how reputation enhances business objectives of organizations. Reputation management is a relatively new area for academic research. There is no single discipline that holds exclusive ‘claim’ to the area, as reputation research can be found in virtually every area of business including marketing, management, economics, and accounting and financial management. Reputation management is also studied in communications, sociology, political science and cultural studies, among others.

The Triangle

Several Drexel University graduate programs and schools improved their rank in the U.S. News and World Report's "America's Best Graduate Schools." Drexel's LeBow College of Business was ranked 89 in the report. Teck-Kah Lim, associate vice provost for graduate studies, said excluding Master of Business Administration programs, the graduate programs were ranked based on peer assessment and not backed up by data. "There are no quantitative measurements, like graduation rate or student enrollment. [The rankings] are based exclusively on peer assessments," Lim said.Lim said these are "gut feelings," which makes the rankings harder to accept. The U.S. News and World Report Web site states the MBA program rankings are based on several factors in addition to peer assessment, including student selectivity and mean starting salary.

Philadelphia Business Journal

Donna DeCarolis, Ph.D., associate dean of strategic initiatives at Drexel University’s LeBow College of Business, said credit cards have been the most popular option for small businesses. But two-thirds of small business owners have reported major rate increases and 41 percent said their credit lines were reduced in the past year, according to a recent study from the National Small Business Association. A Federal Reserve study shows that 41 percent of banks tightened credit in the past year and 70 percent raised interest on credit loans. “These [small businesses] are angry,” DeCarolis said. “They are good customers who pay their minimum balance. But the other side of things is that Advanta needs to stay afloat.”

The Triangle

The LeBow College of Business held an opening reception for its new Center of Excellence, the Center for Corporate Reputation Management, the first interdisciplinary one of its kind in a United States academic institution.The center opened June 1 and will begin hosting activities in the fall, according to Elliot Schreiber, clinical professor of marketing in the College of Business and executive director of the center. A number of programs are being considered, including events to enhance students' co-op experience and ways to obtain research money for graduate students.

CNBC.com

Dow Jones announced that Cisco and Travelers will be replacing GM and Citigroup on the Dow as of next week. As of late this morning, the two new components are both up over 4 percent.  Often when a company is added to a major index, it sees a lift in its share price both from the publicity as well as from the need for tracking funds to buy the new components.  But is there an arbitrage play to profit even more? Eliezer Fich, Ph.D., associate professor of finance at Drexel University's LeBow College of Business, says he believes there is.

WHYY News Radio

Paul Jensen, Ph.D., associate professor of economics, spoke about the ramifications of GM's bankruptcy on WHYY News Radio. "Bankruptcy could pay off for consumers," Jensen said, adding that it could lead to better products at lower prices.

KYW News Radio

Management Professor and Associate Dean for Strategic Initiatives Donna DeCarolis, Ph.D., discussed the increasing decision small business have to make regarding health coverage for their employees. Increasing costs of healthcare premiums and decreasing sales in the economy is forcing small businesses to either drop health coverage or lay off workers. 10% of small businesses are considering eliminating health care coverage this year compared to 3% percent in 2005. There are ways of reducing healthcare costs for small businesses such as cost sharing with employees, requiring generic drugs to fill prescriptions and shopping around for competitive insurance prices.

KYW News Radio

Management Professor and Associate Dean for Strategic Initiatives Donna De Carolis, Ph.D., business commentary covered alternative approaches to leadership. New research suggests that a willingness to share ones weaknesses is an excellent attribute that contributes to leadership since by sharing your flaws with coworkers it gives them a sense of trust and solidarity. The key to this alternative approach is to reveal selective weaknesses such as being a workaholic and not ones that will be taken as a fatal flaw.

Business Wire

PHILADELPHIA--(BUSINESS WIRE)--Drexel’s LeBow College of Business will soon be home to the first Center for Corporate Reputation Management at a U.S. university. With an official launch planned for fall 2009, the Center will get off the ground with its first advisory council meeting today, June 1, 2009. Under the direction of Elliot Schreiber, Ph.D., the Center will actively engage the global business community to identify best practices in reputation, encourage interdisciplinary knowledge sharing and research in reputation, and address how reputation enhances business objectives of organizations.

Toiletpaperentrepreneur.com

Mark Loschiavo, Director of the Baiada Center, was featured in the article "31 Ways To Get Inspired" found on Toiletpaperentrepreneur.com. He was listed under #7, Tips From The Best, where he recommends a book and a video that will help entrepreneurs gain inspiration.

Business Wire

American Water Works Company, Inc, the largest investor-owned U.S. water and wastewater utility company, announced today that its senior vice president and CFO, Ellen Wolf, has been named a finalist in the Philadelphia Business Journal’s 2009 CFO of the Year Award Program. The CFO of the Year finalists will be recognized and the winners will be ranked during an awards ceremony and lunch on July 9, 2009 at the Sheraton City Center Hotel in Philadelphia. The CFO of the Year Awards is a program of the Philadelphia Business Journal, and is presented by Marsh, with support from Drexel University’s LeBow College of Business. For more information on the program, please visit www.bizjournals.com/philadelphia.

Entrepreneur Magazine

While studying abroad in Paris during his junior year at Drexel University, Timothy Ericson was impressed by the environmentally friendly bicycle-sharing system he encountered. After doing some research, Ericson learned that the program had 20,600 bicycles, 1,451 stations and more than 42 million users, and he saw an opportunity to take the concept back home and make some money while promoting a healthier environment. “Hopping on a bicycle to go to school and work would be a great convenience for me,” says Ericson, 23. “But beyond the convenience factor, this system reduces carbon emissions, which is something I believe in strongly.”

The Philadelphia Inquirer

A Drexel connection also helped princetongreen.org land a Florida residential developer as a client. Jay C. Lewis, president and founder of Surrey Homes near Orlando, had gone through the Drexel M.B.A. program with Ulshafer. After 10 years working around here for Ryan Homes, Lewis headed to Florida to start his own home-building company in January 2007. He kept in touch with Ulshafer.

The Placer Herald

Dr. George Tsetsekos, Dean of Drexel University’s LeBow College of Business, was the guest speaker at a May 5 luncheon attended by approximately 100 business and community leaders at Whitney Oaks Country Club in Rocklin. Sponsored by Granite Community Bank, the luncheons are designed to keep area leaders informed on a number of fronts. Tsetsekos provided his assessment of the economy and offered some positive signs that were encouraging. Pictured with Tsetsekos are David Kaiser, President and CEO of Granite Community Bank, center, and Tobey Oxholm, Dean and CEO of Drexel University’s new Center for Graduate Studies in Sacramento.

Philly.com

Former Flyers tough guy Eddie Hospodar hasn't played hockey in 20 years, but this spring he collected his greatest assist. Driving to the Palestra for the St. Joe's-Temple game, his father, John, made a passing remark that one of his regrets in life was not finishing his master's degree at Drexel. John Hospodar, now 85, had worked at Campbell's in Camden and was transferred to Ohio in 1957 just short of completing his degree. Eddie Hospodar had no idea his father even attended Drexel. He called the school to see if Dad could resume his schoolwork and eventually met with George Tsetsekos, dean of Drexel's LeBow College of Business

Middle East Economic Survey

In a commentary for Middle East Economic Survey, Shawkat Hammoudeh writes: They say crocuses are the early signs of spring. They bloom before the daffodils, tulips and certainly roses do, and while the weather is still cold. When such a metaphor is applied to the U.S. economy, some people are now referring to what I call economic crocuses as the ‘green shoots’ or ‘mustard seeds’ of the economic recovery. Admittedly, when I wrote a first version of this post in March,  I said that it was premature to talk about an early recovery in the US economy, but now in May the situation has strengthened and reinforced the theme of the first version, pointing to a faster than expected modest recovery in the coming months. I believe now that there are stronger early economic signs which signal that the U.S. recession has bottomed out.

KYW News Radio

Management Professor and Associate Dean for Strategic Initiatives Donna De Carolis', Ph.D., business commentary covered the role venture capitalists play in international strategies. Dr. DeCarolis mentioned that in a study of high tech companies that underwent an IPO, researchers investigated whether the international experience of a venture capitalist on the board of a new venture was related to the company going global. The results showed that companies that have venture capitalists with international experience tend to go global. Other companies that have the potential of expanding abroad are more likely to go global if company management has international experience.  

KYW News Radio

Management Professor and Associate Dean for Strategic Initiatives Donna De Carolis, Ph.D., did a business commentary covering office communication and how email, instant messaging, cell phones and texting are supposed to facilitate communication within an office but instead are causing communication breakdowns. Different generations use different methods of communication, boomers prefer email and cell phones and face to face communication. Generation Y prefer instant messaging, email and cell phones while Generation X prefer cell phones and texting and avoid emailing. This causes disparity in the workplace since everyone might not be using the same means of communication. Companies are now setting rules of communication when sending out messages establishing what methods are appropriate for different situations.

KYW News Radio

Management Professor and Associate Dean for Strategic Initiatives Donna DeCarolis, Ph.D., discussed self efficacy and overconfidence in entrepreneurs and how this can lead to a decrease in performance for a new company, for her business commentary. Self efficacy and overconfidence are main factors in deciding to start a business and normally is assumed will lead to better performance but research have shown that it is the opposite. This is commonly seen in industries that are dynamic and uncertain since entrepreneurs have unrealistic assessments and expectations of what they can accomplish and the outcomes they expect to gain. Entrepreneurs in ambiguous situations need to be more cautious than usual with their behavior and strategies.