2016

Stories related to "Conversations". http://www.chicagobooth.edu/magazine/winter-2016/rss

conversations

Risk and Reward

After a career progression that took her around the globe, Julie A. McLaughlin, ’13 (XP-82), took a leap of faith when she returned stateside to start a job search that ultimately led her to cofounding Vertex Energía, based in Weymouth, Massachusetts. At the 2015 Booth Women Connect Conference, McLaughlin spoke on a panel about encouraging women to take career risks, along with Alyssa Pei, ’02, who had just made her own international move to Toronto as a partner at consulting firm A. T. Kearney, based in Chicago. Here, McLaughlin and Pei continue their conversation and share what they have learned about risk from their own journeys. McLaughlin: A big risk I took was deciding to leave E.ON in 2013 when I finished my executive MBA. My role was centralized back to headquarters in Düsseldorf, Germany, and changed from what I’m the most passionate about, which is negotiating renewable deals on the ground. I had a very difficult time finding an opportunity in the United States. Nobody would take me seriously as a candidate from Europe, so I moved back without a job and then started searching. Pei: Did people take you more seriously once you had a US address? McLaughlin: They did. People asked me how I knew I could do deals in New Jersey, for example, which seemed comical in comparison to many of the difficult countries I had operated in. Well, it stands to reason that if I can figure out how to do it in Indonesia, I can figure it out in New Jersey. However, being able to network locally and easily interview in person made the difference. Pei: I think it’s an interesting reflection of what they saw to be risk, though.

conversations

Back to the Classroom

It’s late October, and students in a packed classroom at Gleacher Center are debating the merits of the Bank of Japan’s implementation of qualitative and quantitative easing. But these are not typical students—they’re already graduates who have returned to the classroom for the first installment of Back to Booth, a new series of two-day courses taught by faculty. The series was born when Sunil Kumar, dean and George Pratt Shultz Professor of Operations Management, envisioned ways to more deeply connect alumni with the school. Back to Booth comes as an addition to existing opportunities that allow alumni to take up to three complementary quarter-long courses, or attend discounted Executive Education programs that are typically five days long.

conversations

A World of Connections

The United States has just recovered from the deepest and longest recession since the Great Depression. The European economy is still in deep trouble due to the euro crisis and, in particular, the Greek sovereign debt crisis. China’s growth is slowing, and the Chinese stock market just went through a meltdown this past fall. The main objective of my class is to give students the basic analytical tools to understand these types of macroeconomic events. I also want them to be familiar with phenomena such as growth, unemployment, and inflation, as well as with the impact of monetary and fiscal policy. Why do some countries grow faster than others? What determines economic fluctuations? How does being part of a global economic system affect the economy of a country? The challenge is to provide students with a unified framework to answer these questions and to critically assess the pros and cons of a variety of economic policies.

conversations

The View From Houston

A city once known for strip malls and sprawling suburbs has grown into a sophisticated metropolis in recent years. With a serious art scene, one-of-a-kind restaurants, and luxury condominiums going up in the city’s more pedestrian friendly areas, there are suddenly more reasons to leave the office a little earlier and experience some of Houston’s Southern charms. Almost 40 percent of the 655 Booth alumni in the Houston area work in the city’s energy sector. Many visit the city’s historic private clubs and more-casual dining spots for networking. Others use the well-connected airline hub as a springboard for sector-related international work travel.

conversations

Getting Real

The Challenge: In late 2010, Seth Hewitt was a senior vice president of asset management with Chicago-based ST Residential, which managed (and whose investors owned) a $4.5 billion commercial real estate loan and asset portfolio, including the defaulted loan on a high-rise condominium property in Chicago’s South Loop. The property was saddled with cost overruns, unpaid bills, ongoing contractor litigation, and significant water damage in the building from a burst pipe. Upon taking ownership, ST considered selling the building as is for approximately $40 million, which would have been profitable and reduced risk.

conversations

Data and Healthcare Diagnostics

Nearly a year before his spring 2015 course began, professor Dan Adelman queried medical directors at Chicago-area hospitals to put forward their most pressing, most intractable issues—real-world problems for his MBA student teams to solve. These four challenges, from three institutions sharing unprecedented access to their data (normally a top-secret strategic asset), formed the foundation of last year’s Healthcare Analytics Laboratory: University of Chicago Medicine (UCM) wanted to evaluate a brand-new intervention—then in practice for only a few months—designed to reduce heart-failure readmissions within 30 days. Were patients leaving the hospital healthier? Was it saving money? And if it was working, could it be expanded across the hospital? UCM also sought to optimize the case mix in its vascular-surgery practice. What kinds of procedures should be their focus and specializations? How should the doctors grow their practices? What skill sets should they invest in or hire for?

conversations

Fan Favorite

Is it gambling? Is it skill? Or perhaps the bigger question about daily fantasy sports, FBI investigation notwithstanding: Could the NFL actually learn something from the avid at-home data analysts winning big at DFS? Vince Gennaro, ’77, president of the Society for American Baseball Research, thinks so. He credits some of the current DFS boom to the popularity of the fantasy baseball played on a less-than-daily basis in the 1990s. Fans intent on winning their fantasy leagues ushered in a mainstream interest in advanced metrics. This appetite spawned a generation of websites devoted to analytics. And MLB teams actually wound up using data from those sites to support real-world decisions. “If the data is out there and in the public domain,” Gennaro said, “teams will absolutely learn from the fantasy players. But that also depends on the sport.”