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Kelley School of Business


KELLEY SCHOOL OF BUSINESS HONORS FIVE ALUMNI FOR THEIR PROFESSIONAL ACHIEVEMENTS

Posted on November 4, 2024 by George Vlahakis

BLOOMINGTON, Ind. — Five alumni of the Indiana University Kelley School of
Business were honored for professional achievement and volunteer leadership
during the 2024 Kelley Alumni Awards Ceremony on Nov. 2 at IU Bloomington.

The Kelley Academy of Alumni Fellows recognizes alumni who have earned the
stature of exceptional leaders by their demonstrated successes in organizations
and their contributions to management philosophies and practices. This year’s
class of fellows includes:

 * Khunying Natthika Wattanavekin Angubolkul, MBA’77, chairman and CEO of
   Eastern Sugar Group and president of the Federation of Business and
   Professional Women of Thailand
 * Scott Etzler, BS’75, former president of West Unified Communications Services
   and former CEO of InterCall.
 * Maria M. Quintana, BS’84, former executive vice president and managing
   director of JPMorgan Chase and a utilities director, board member and advisor
   in education and not-for-profit sectors

The Distinguished Entrepreneur Award recognizes alumni who have demonstrated the
ability to establish a new business or turn around or significantly grow an
established business. This year’s award was presented to Matthew J. Rubin,
MBA’08, founder and CEO of True Essence Foods, and co-founder and technical lead
of Tau Motors.

Andrew M. Allard, BS’90, senior vice president and chief operating officer of
the Indiana University Credit Union, received the Volunteer Leadership Award. He
is recognized for extraordinary involvement with and investment in the Kelley
School and for inspiring and impacting future generations of alumni leaders.

“The success of every Kelley alumnus enriches our school and its reputation, and
inspires those who follow in their footsteps,” said Ash Soni, dean of the Kelley
School and The Sungkyunkwan Professor. “We celebrate a group of exceptional
alumni who truly represent the excellence, professionalism, and innovative
thinking that are part of the Kelley School.”

The Kelley School of Business Alumni Association selects and confers members of
the Academy of Alumni Fellows, which now includes 261 individuals. Read more
about this year’s award recipients. (more…)

Filed under: Alumni, Ash Soni, Awards, Dean's Council, Honors, Kelley School of
Business, Office of the DeanTagged Andrew Allard, Kelley Alumni Association,
Kelley Alumni Awards, Kelley School of Business, Khunying Natthika Wattanavekin
Angubolkul, Maria Quintana, Matthew Rubin, Scott Etzler


IU, KELLEY STUDENTS, FACULTY AND STAFF TEAM UP WITH WHIRLPOOL CORPORATION TO
BUILD HABITAT HOME WITH SUSTAINABLE FEATURES FOR A BLOOMINGTON FAMILY

Posted on October 10, 2024 by George Vlahakis

Each fall, Kelley School students, faculty, and staff partner with other IU
students, Habitat for Humanity of Monroe County, Habitat for Humanity
International, and Whirlpool Corporation employees to build a home for a
Bloomington family.

BLOOMINGTON, Ind. – Angelique Nesbitt turned 40 years old this year. She
recently looked back at a diary entry and was reminded by a goal she had set for
herself – to be a licensed practical nurse and a homeowner by the time she
reached that milestone.

She plans to graduate with her nursing degree in December and later this month
will see her new five-bedroom home nearing completion, through a partnership
between Whirlpool Corporation, Indiana University’s Kelley School of Business
and Habitat for Humanity of Monroe County.

The build continues a collaboration with Whirlpool Corporation, a key corporate
partner for Kelley, which began in 2010. This is the fourth home in Osage Place
– and 14th overall – that has been built through the partnership.

Leaders from Whirlpool Corporation, Kelley and Habitat for Humanity
International on Oct. 19 will celebrate the dedication of Nesbitt’s new home.
More than 3,200 IU students, staff, faculty, and alumni have come together over
the years to build this house and previous homes alongside Monroe County
families.

Jeff Fettig, a Kelley alumnus and retired CEO of Whirlpool Corporation, led the
company’s collaboration with Habitat for Humanity of Monroe County for several
years and returns annually for home dedications.

The dedication ceremony will begin at 8:30 a.m. at the building site and the
public is welcome. The day before, students, faculty and staff from IU and the
Kelley School and Whirlpool employees will work together on Nesbitt’s home,
which she hopes to move into soon.

Local volunteers will be joined at the dedication by Ash Soni, dean of the
Kelley School and the Sungkyunkwan Professor, and current and retired Whirlpool
Corporation executives. They include those with strong ties to Kelley, such as
retired CEO Jeff Fettig, who earned a bachelor’s degree and MBA from IU before
joining the company in 1981; and Jim Peters, a 1998 MBA graduate who is the
company’s executive vice president and chief financial and administrative
officer.

A new home with sustainable features

Nesbitt’s new home will be climate-resilient and energy efficient and is one of
the homes being built through the BuildBetter with Whirlpool initiative, which
aims to deliver an average of 45% predicted energy cost savings per family
(compared to code-built homes) and a 15% reduction in greenhouse gas emissions
per home.

As a result of prior efforts through the initiative, Habitat for Humanity of
Monroe County recently received a $250,000 grant from the City of Bloomington to
install solar panels on other homes. Combined with private donations, the
organization has raised nearly $300,000, which will enable it to put solar on 30
homes. The solar panels come with monitors, which allow homeowners to manage the
electricity usage in their homes.

“We’re thrilled the BuildBetter with Whirlpool program is delivering energy
efficient homes and inspiring even more sustainable actions like the city’s
grant to support solar panels,” said Jim Peters, Whirlpool Corp. executive vice
president and chief financial and administrative officer. “And as an IU grad,
working side-by-side with the homeowners, students and community members to
build sustainable homes makes me incredibly proud of the work Whirlpool has done
and continues to do in Bloomington.”

Nesbitt and her family will symbolically receive keys to their home after the
dedication, on the field at Memorial Stadium before IU’s homecoming football
game against the University of Nebraska.

For one Bloomington family, homecoming takes on new meaning

Families qualify for the Habitat program based on three criteria: need for
housing, ability to pay back their affordable mortgage and a willingness to
partner. Each adult member living in a Habitat home must invest 250 hours of
volunteering, called “sweat equity,” before closing on their house.

Angelique Nesbitt, center, and her family

It’s been quite a year for Nesbitt. As she’s met those requirements, she also
worked toward completing her nursing degree and its clinical requirements, held
a part-time job and simply being a mother – all to meet her goal.

“At first, I thought, ‘Do I really want to do this?’” she recalled. “But then I
reminded myself, ‘It will be done by 40.’” Despite the hectic days and sleepless
nights, Nesbitt remains motivated. “I have no idea how I am doing all of this,
but I am doing it—me and God. … This time next year I’ll thank myself for it.”

Many students participating in the build are involved with the Kelley Institute
for Social Impact, which serves as a hub within the school for socially
conscious undergraduate students who want to make a difference in local and
global communities through education, service, career development and leadership
opportunities.

“This build provides our students, faculty and staff with an opportunity to put
into action the values that we stress at the Kelley School and rewards us when
we see the impact that it has on a local family,” Soni said. “Whirlpool Corp. is
one of today’s most socially responsible companies. This experience enables our
students to see how a company that cares and has a commitment to principles can
positively impact the lives of others.”

(more…)

Filed under: Ash Soni, Engagement, Events, Kelley Alums, Kelley Institute for
Social Impact, Kelley School of Business, KISI, Office of the Dean, Social
Impact, Student Life, Sustainability, Undergrad, Undergraduate ProgramTagged
Habitat for Humanity, Kelley Institute for Social Impact, Kelley School of
Business Alumni Association, Undergraduate Program, Whirlpool Corporation


KELLEY SCHOOL LAUNCHES CUTTING-EDGE “AI APPLICATIONS IN MARKETING” COURSE,
EMPOWERS MARKETERS WITH GEN AI TOOLS FOR IMMEDIATE IMPACT AND COMPETITIVE
ADVANTAGE

Posted on October 9, 2024 by George Vlahakis

BLOOMINGTON, Ind. — The Indiana University Kelley School of Business is
launching  a live-virtual course, “AI Applications in Marketing,” designed for
marketing professionals eager to harness the transformative power of artificial
intelligence.

This course equips participants with a comprehensive Generative AI tool set to
drive growth, reduce cycle times, and cut costs.

Paul Acito

In an era where AI is reshaping the marketing landscape, the course offers a
timely opportunity for chief marketing officers and other c-suite executives,
directors, managers, and high potential marketers to gain early advantages in AI
adoption.

Participants will dive deep into market analysis, employ advanced analytics,
create compelling content, and leverage GenAI tools for automation and agentic
workflows.

“We aim to chart the course for next level marketers and marketing departments
with a trust and safety-first application of GenAI workflows and a sharp
customer focus,” said Paul Acito, course director at Kelley Executive  Education
Programs. “Our approach will keep marketers apace with this rapidly changing
toolset and give them immediate ROI for their brands.”

Acito is CEO of Lyftbridge, an AI-infused marketing agency, and also an adjunct
faculty member at the University of Minnesota and St. Catherine University. He
has four decades of experience leading technology, health care, industrial, and
safety businesses across four continents. He was president of 3M’s multi-billion
dollar Personal Safety, Traffic Safety, Aerospace, and Infrastructure Protection
divisions. He later served as 3M’s worldwide chief marketing officer, as well as
marketing chief for Medtronic’s Diabetes Business Group. He earned his MBA at
Kelley.

Among the course highlights:

 * Master industry-leading GenAI tools: Gain proficiency in major industry
   players, language models and the leading “wrap-around” applications.
 * Transform content creation: Utilize GenAI tools to enhance content
   consistency and significantly reduce production cycle times.
 * Go beyond prompting techniques: Apply sophisticated prompting methods and
   develop CustomGPTs, API calls and agentic workflows.
 * AI-Driven analytics: Analyze the impact of GenAI on marketing analytics
   democratizing access to complex methodologies for persona development, brand
   mapping, churn analysis and more.
 * Assistant/Agents/Avatars/Automations/APIs: Streamline virtual Marketing
   workflows to stream “light” new opportunities and marketing efforts.

The live-virtual online classes are designed to accommodate busy
professionals.No quizzes, tests or 12-week commitments are required,  just a
quick start and a continuous feed to keep students a breast of developments and
connected to their  cohort, The course is delivered through two 90-minute
sessions per week over four weeks. The course fee includes a ChatGPT team
subscription, providing an inclusive benefit. Special rates are available for IU
alumni, staff, non-profits and groups of three or more participants.

Registration is now open. To enroll or learn more about the “AI Applications in
Marketing” course, click here or contact Laura Nicholson at laurnich@iu.edu.

Filed under: Artificial Intelligence, Executive Education, Kelley Alums, Kelley
Executive Education Programs, Kelley School of Business, MarketingTagged GenAI,
Generative AI, Kelley Executive Education Programs, Paul Acito


FORMER KELLEY DEAN JOHN RAU RETURNS TO THE SCHOOL TO SERVE AS POLING CHAIR

Posted on September 26, 2024 by George Vlahakis

BLOOMINGTON, Ind. — John Rau, the eighth dean of the Indiana University Kelley
School of Business, will return as its Poling Chair of Business and Government
during the 2024-25 academic year.

John Rau

Since its establishment in 1993 by the late Harold “Red” Poling, a Kelley School
alumnus and Ford Motor Co. chairman and CEO for nearly a decade, the Poling
Chair has been held by a variety of business and government leaders.

While Rau led the school from 1993 to 1997, he also fits into the Poling Chair’s
tradition of inviting those who share professional insights and experiences with
students in matters of public policy, enterprise competitiveness, business and
finance. He has nearly 40 years of executive and managerial experience.

Rau served as president and CEO of the private investment and holding company
Miami Corporation for more than two decades, and previously as president and CEO
of Chicago Title Corporation and of the LaSalle and Exchange National Banks. At
the age of 35, he was the youngest of the top 100 bank presidents in the United
States.

An 11-time corporate director, including six times as lead or chair, Rau also
has held leadership positions at numerous business, civic, and philanthropic
organizations.

In addition to leading and teaching at Kelley, he also taught in the graduate
and executive education programs at Northwestern University’s Kellogg School of
Management. He also is a frequent contributor to Forbes.

“We are thrilled to welcome back someone whose legacy at Kelley includes
initiatives that continue to be impactful today,” said Ash Soni, dean of the
Kelley School and the Sungkyunkwan Professor. “John appointed our first two
Poling Chairs – a former White House chief of staff and a former Indiana
governor who later served as a U.S. senator. But he also introduced important
ideas at Kelley, such as our distinctive, foundational academies, which have
evolved into workshops that provide experience to complement what our students
learn in the classroom.

“His vision has not dimmed, and I look forward to hearing from our students and
faculty how the discussions he leads are meaningful,” Soni added.

The chair was established through a gift from Kelley alumnus Harold A. Poling,
seen here in 1990, during his tenure as CEO and chairman of the Ford Motor
Company. (Photo courtesy of Ford Motor Company)

The first two Poling Chairs were Samuel Skinner, who served as chief of staff to
President George H.W. Bush and as secretary of transportation in Bush’s cabinet,
and Evan Bayh, Indiana’s 46th governor and the state’s U.S. senator from 1998 to
2010.

“I am honored to serve as the Poling Chair of Business and Government Leadership
at Indiana University — a place that was once and still truly feels like home. I
look forward to sharing perspectives and experiences with the next generation of
policymakers and business leaders,” Rau said.

“Carrying on ‘Red’ Poling’s unwavering belief in the open, unbiased pursuit of
knowledge, the Kelley School is a model of candid, serious, and respectful
academic dialogue, and I hope to build on that tradition during my time as the
Poling Chair,” Rau added. “Today’s students need to hear and learn from leaders
who have been in the actual rooms where pivotal decisions are made, and I will
try to keep paying that forward in the spirit of Red Poling.”

Rau follows a long line of successful leaders, many of them Kelley alumni, who
have served as Poling Chairs.

They have included top executives at major companies, including Janet Foutty,
former chair and CEO of Deloitte Consulting LLP; Jeff Fettig, former chairman
and CEO of Whirlpool Corporation; Elizabeth Acton, retired chief financial
officer of Comerica and a former vice president and treasurer of Ford Motor Co.;
Randall L. Tobias, chairman emeritus of Eli Lilly and Co., and former vice
chairman of AT&T Corp; and Bob Eckert, former CEO of Mattel Inc. and Kraft.

They also have included two former state governors –Maryland’s Martin O’Malley
and Bayh — Hollywood producer Kristin Hahn, Indian parliamentarian Deepender
Singh Hooda, the Countess of Frederiksborg in Denmark Alexandra Christina,
former U.S. Surgeon General Jerome Adams, and Mae C. Jemison, the first African
American female astronaut.

Rau holds a Master of Business Administration from the Harvard Graduate School
of Management and a Bachelor of Arts in economics and mathematics from Boston
College.

Arrangements have been made for Rau to attend undergraduate and MBA classes and
meet with student leaders and faculty. During his initial visit Oct 13-17, he
will be at IU Bloomington, but he will meet with Kelley Indianapolis students
and faculty when he returns in the spring.

Filed under: Appointment, Guest Speakers, Kelley School of Business, Office of
the Dean, Poling ChairTagged Ash Soni, John Rau, Kelley School of Business,
Poling Chair of Business and Government


U.S. NEWS RANKS KELLEY SCHOOL UNDERGRADUATE PROGRAM AND SEVEN SPECIALTIES IN THE
TOP 10

Posted on September 24, 2024 by George Vlahakis

BLOOMINGTON, Ind. — Indiana University’s Kelley School of Business consistently
delivers a quality experience for undergraduate students, as shown through
another top 10 ranking among all business schools in the U.S. News & World
Report rankings.

The Undergraduate Program at the Kelley School in Bloomington is ranked ninth
overall and No. 1 in the state of Indiana. Seven specialty programs are ranked
in the top 10 and 10 are in the top 20. Kelley is tied for fifth overall among
public institutions.

Ash Soni

“The success of our undergraduate program rankings is reflected in the success
of our students and alumni – and results from our long history of consistency
providing a high-quality business education,” said Ash Soni, dean of the Kelley
School and the Sungkyunkwan Professor.

“After more than 100 years of offering innovative business programs, Kelley
students are connected to one of the world’s largest business school alumni
networks – with more than 130,000 living alumni who work at leading companies
around the globe,” Soni added. “Our school’s undergraduate program has
consistently been ranked among the very best, along with many of our
disciplines.”

Kelley is one of only four business schools that are ranked in the top 20 by
U.S. News in 10 specialty areas.

The school’s marketing program is ranked third; accounting was fourth;
entrepreneurship, fifth; management; seventh; information systems, eighth;
production and operations management and finance, each 10th; business analytics,
11th; supply chain management, 15th; and international business, 17th.

Bridget Stomberg

“Kelley’s Undergraduate Program distinguishes itself from others through
innovative offerings such as workshops, which provide an augmented academic
experience to give students industry-specific knowledge to jump start their
careers,” said Bridget Stomberg, Undergraduate Program faculty chair, professor
of accounting and the Glaubinger Chair for Undergraduate Leadership. “Kelley
places graduates in jobs around the globe; 98% of graduates report full-time
jobs or planned graduate studies.”

The school also offers a portfolio of extracurricular activities – including
over 80 student organizations – and extensive support services for students,
including a one-on-one mentoring program offered to every incoming student, and
academic and involvement coaching.

Kelley’s offering of integrated core business courses helps students attain an
understanding of the cross-functional relationships between finance, marketing,
operations and leadership. The Kelley curriculum allows students to customize
their academic plan and choose from among 20 majors and co-majors.

U.S. News only ranks undergraduate programs accredited by the Association to
Advance Collegiate Schools of Business, and results are solely based on surveys
of deans and senior faculty. Its peer-assessment score is based on two years of
data about programs that are considered the best in a variety of specialty
areas.

Overall, IU has seen strong growth in key priority areas of student success and
opportunity and transformative research and creativity, according to the 2025
U.S. News and World Report’s Best Colleges rankings. IU scored 34th among public
universities in the Best Colleges rankings.

Filed under: Ash Soni, Bridget Stomberg, Kelley School of Business, Office of
the Dean, Rankings, U.S. News, Undergraduate ProgramTagged Ash Soni, Bridget
Stomberg, rankings, U.S. News, Undergraduate Program


MESSAGE FROM THE DEAN: LOOKING FORWARD BY LOOKING BACK

Posted on August 27, 2024 by Jeni Donlon

More than 48 years ago in late 1975, I arrived in Bloomington from Great Britain
to teach for six months at the IU School of Business, as the Kelley School was
known in those days. While I wasn’t sure what a Hoosier was, and I didn’t
understand why everyone in Indiana was obsessed with basketball, I could tell
immediately that the business school and its community was very special.

Those six months turned out to be a life-changing experience for me. One thing
led to another, and I ended up staying at IU, enrolling in the doctoral program
and earning an MBA and a DBA (Kelley’s PhD degree in those days), and joining
the faculty in 1981. And the IU Basketball Team that year went on to win the
1976 NCAA Championship with an unbeaten 32-0 record, and I became hooked on IU
Basketball, just like every other Hoosier.

Ash Soni

As we begin the new academic year nearly half a century later, I look at where
we are today and where we’re going, and I see how everything that has gone
before has helped build the Kelley School of Business into a top business school
with world-class faculty, exceptional students, alumni who are known for their
hard work and innovative leadership, and a dedicated staff committed to ensuring
Kelley is the best that it can be.

When I started here, the business school in Indianapolis had only been around
for two years; now we’re celebrating its 50th anniversary. In the past year,
we’ve celebrated the 25th anniversaries of two groundbreaking programs: our
Graduate Accounting Programs and our Kelley Direct Online MBA – the first online
MBA from a top 20 business school.

Last fall, we celebrated 10 years of our Kelley Indianapolis Physician MBA, the
country’s first and only MBA for physicians from a top-ranked business school.
This year, we’re celebrating 10 years of incredible impact created by the Hodge
Hall Undergraduate Center at Kelley Bloomington.

In the years to come, we’ll celebrate the anniversaries of the programs we’re
launching now: our Business Plus Program at Kelley Indy, a new residential MS in
Management degree at Kelley Bloomington, and our reimagined online MS degrees in
Business Analytics and Finance, with other specialist online master’s degrees on
the way.

We are always reviewing our curricula, monitoring trends, and listening to our
students, alumni, corporate partners, and advisory boards to keep our courses
and experiences on the forefront of business education. For example, we’ve just
made some innovative changes to K201, the Computer in Business course you all
know, and the course that I taught in my first semester at IU in 1975! K201 now
includes broader relational database concepts and is introducing students to
Power Query and Power Pivot in Excel, and Power BI Desktop.

We’re also creating some innovative courses and joint degrees with other
schools, creating new ways students with non-business majors can connect with
Kelley and creating stronger foundations for success. And we’re strengthening
our focus on ways Kelley can make substantive societal impact worldwide.

My first impression of the business school 48 years ago was correct: our
community IS very special. Beyond our faculty and staff, the support we get from
our alumni and corporate partners – from meeting us at events to serving on
advisory boards or helping to fund our many special initiatives – helps elevate
everything we do.

Our community propels us forward, inspires us to think bigger, to work more
creatively, and to find solutions to new challenges so that we can continue to
fulfill our mission: transform the lives of students, organizations, and society
by providing excellent business education, driving innovative research, and
supporting impactful service enabling economic empowerment and prosperity in
Indiana and beyond.

I am very proud of the impact the Kelley School has made since it was launched
in 1920, and I’m very excited about where we are going. As we begin a new
academic year, let’s do so with a renewed commitment to make an impact for our
students, our community, and the communities we serve around the globe.

Onward!

Ash Soni
Dean, Kelley School of Business
The Sungkyunkwan Professor

 

Filed under: Alumni, Ash Soni, Dean, Kelley School of Business


PHYSICIANS’ DECISIONS ABOUT PATIENT CARE NOT INFLUENCED BY PRIVATE EQUITY
INVESTMENT, ALTHOUGH COSTS DO RISE AS A RESULT

Posted on August 22, 2024 by George Vlahakis

Research found found no evidence that an ambulatory surgical center’s ownership
by a private equity firm affects physician approaches to treatment.

BLOOMINGTON, Ind. – The role of private equity investment in medical facilities
has raised concerns about costs passed on to patients as well as decisions by
physicians, but research from the Indiana University Kelley School of Business
found little evidence that it affects approaches to treatment.

Haizhen Lin, professor and associate chairperson of business economics and
public policy and the Jack R. Wentworth Professor at the Kelley School,
acknowledges concerns about a potential misalignment between private equity’s
financial motivations and physician preferences on behalf of patients.

But a study of records involving ambulatory surgery centers in Florida with
private equity ownership between 2004 and 2019 did not find that to be the case.

Haizhen Lin

“When examining private equity investment and divestment actions, we find that
the clinical conduct of affected ambulatory surgery centers is virtually unfazed
by the presence of private equity ownership,” Haizhen and her co-authors wrote.
“These firms neither increase their procedural output nor alter the mix of
procedures performed. Physicians’ medical decision-making discretion and agency
on behalf of patients appear largely preserved.”

But once a private equity firm had an ownership stake, it was followed by
gradual but consistent increases average list prices – as much as 50% over a
four- to five-year period.

“While charges do not represent the negotiated price paid by private insurers or
the administrative price paid by public insurers, they do influence price
negotiations — which commonly include ‘percent of charges’ price agreements —
and are therefore a strategic lever that can financially impact these firms,”
she and her colleagues wrote.

“These strategies are not necessarily harmful to consumers, so long as patients
are not a captive market and thereby forced to accept higher provider charges –
and presumably higher transaction prices for the same services.”

The post-private equity investment change in charges per case was evident in all
payer groups, including those privately paying, those with traditional Medicare,
a Medicare Advantage plan and with other circumstances. The data did not allow
for the researchers to study exactly how much patients paid.

By comparison, other studies of private equity stakes in physician practices,
found a 20% increase in practices’ charges and an 11% increase in actual
reimbursements paid by insurers.

Lin and her coauthors base their findings on all-payer data in Florida over a
15-year period, combined with detailed ambulatory surgery center ownership
information they obtained through Freedom of Information Act request to the
Centers for Medicare and Medicaid Services and other information to identify
private equity owners among ASC investors. They then examined financial events
linked to private equity involvement in the industry.

Private equity firms’ dealmaking in U.S. healthcare totaled nearly $800 billion
over the last decade, and industry estimates suggest that their returns on
investment have outperformed those made in other sectors of the economy. A
rapidly growing number of medical services are being done on an outpatient
basis, and ambulatory surgical centers account for at least 60% of all
outpatient procedural care.

Rather than affect the quality of patient care, Lin and the others found
evidence of private equity owners engaging in strategic “financial engineering”
to enhance the ambulatory surgery center’s market value – and the value of
investors’ financial stakes at the time of liquidation. This accounts for the
increases in list prices.

“They need to show to the market that this ASC is running very well, that it is
creating value to the shareholders and it’s going to be profitable,” Lin said.
“How else can they create this profit and increase revenue? One easy thing for
them to do is to raise prices.”

The article, “Private equity and healthcare firm behavior: Evidence from
ambulatory surgery centers,” appeared in the September 2023 issue of the Journal
of Health Economics. Other authors included Elizabeth Munnich, associate
professor of economics at the University of Louisville; Michael Richards, a
professor in the Jeb E. Brooks School of Public Policy at Cornell University;
Christopher Whaley, associate professor of health services, policy and practice
at Brown University; and Xiaoxi Zhao, associate economist at RAND Corporation.

The article was nominated for a research award by the National Institute for
Health Care Management Foundation is a 2024 Research Award finalist.

Filed under: Business Economics and Public Policy, Healthcare, Investments,
Kelley School of Business, Research, Research NewsletterTagged Department of
Business Economics and Public Policy, Haizhen Lin


PROFESSOR IDENTIFIES GAPS IN THE LAW AFFECTING THOSE NOT ‘DISABLED ENOUGH’ TO
QUALIFY FOR BENEFITS, YET UNABLE TO STAY EMPLOYED

Posted on August 22, 2024 by George Vlahakis

“Once we start viewing people by focusing on maximizing their potential, it
wouldn’t matter if they have a disability or not, because the goal is the same
for everyone,” says Professor Angélica Guevara.

BLOOMINGTON, Ind. – Angélica Guevara recently spoke with the CEO of an Indiana
company that was facing a dilemma over a worker who was neurodivergent. The
employee, who dealt with anxiety and autism, wasn’t meeting any of the goals
being set for them despite many accommodations being made by the company.

“Because disability is close to her heart, she was trying to be very
understanding,” Guevara said of the employer. “She tried as much as she could
for months to communicate better, to meet more often with this employee, to
support them and help them achieve their goals, but it just was not happening.”

Eventually, the worker had to be let go. Guevara, an assistant professor of
business law and ethics at the Indiana University Kelley School of Business and
a neurodivergent person as well, empathized with employer, who despite her best
efforts, had to face that the situation was not a good fit for her or the
employee under the current law.

The situation described above is an example of how current federal disability
law fails those with non-apparent disabilities, like this employee and the
employer. A company’s profit and maximizing human potential are not aligned.

Angélica Guevara

“Even if the employer is empathetic to the employee’s circumstances, they have
no choice but to terminate a disabled employee, citing business necessity. The
failure to protect disabled workers — especially those with increasingly common
non-apparent disabilities – is a pressing concern,” Guevara writes in a special
issue of the Texas Journal on Civil Liberties & Civil Rights about the
intersection between disability and the law.

More than a quarter of all Americans – 27 percent – have some sort of
disability, including nearly 13 percent who have cognitive disabilities that
aren’t obvious.

However, as exposed by the COVID-19 pandemic, many more suffer from depression,
anxiety, and post-traumatic stress disorder, conditions that aren’t addressed
through the “ability/disability binary” established and perpetuated through the
Americans with Disabilities Act and other federal laws and policies. This
includes those set forth by the Social Security Administration.

Guevara began thinking more about the issue after observing the legal challenges
that those with “long-haul Covid” were facing. “There was a false sense of
security about the law. I started thinking about the ones who aren’t able enough
to stay employed but are not disabled enough to obtain resources to sustain
them,” she said.

“The law itself cannot deal with fluctuating conditions, and the system is not
built for individuals with flare-ups who sometimes may be able to work but at
other times cannot,” she wrote. “More specifically, these conditions are not
severe enough to qualify as a disability for disability benefits and too severe
for an individual to stay employed.”

In the article, she highlights the shortcomings of federal disability laws and
policies surrounding social security disability insurance benefits and proposes
ideological and practical fixes.

“Nothing’s ever going to change unless we change the ideology behind how we view
people with disabilities,” she said. “There wouldn’t be the concept of people
falling through the cracks, because in essence our society would accept human
variation and therefore would be able to provide whatever the individual needed
to maximize human potential.”

Guevara suggests a shift in the law from viewing people with disabilities under
a medical model that categorizes them as in some way incomplete. The current
system perpetuates stereotypes of people with disabilities as incomplete or
damaged, and who need fixing to accomplish daily tasks, she said.

“This model views the individual with pity, as defective, or as having an
impairment that must be eliminated, treated or cured,” she wrote. “This model
has a detrimental impact on those with non-apparent disabilities because when
they disclose, or the disability becomes apparent, the message received is that
the disability is their personal problem to fix.”

Any government assistance or employer accommodations are often seen as
charitable actions.

With the amendment of the ADA in 2008, more people became covered under the
definition of disability. However, employers can still argue through two major
loopholes that the actions needed are unreasonable and present an undue
hardship. More often, disabled employees are simply let go.

She proposes changes in the law that also require changes in how leaders and
society view disabilities.

“Once we start viewing people by focusing on maximizing their potential, it
wouldn’t matter if they have a disability or not, because the goal is the same
for everyone,” Guevara said. “Normalizing the idea of maximizing human potential
benefits all.”

Under this approach, even people without disabilities would benefit. For
example, before the COVID-19 pandemic, companies viewed working from home as an
accommodation for those with disabilities. Now, most everyone wants the option
to work remotely.

The employee described above now works for a competing company and is thriving.
His new employer was able to maximize his potential with his disability.

Guevara is the author of the article “Not Able Enough, Not Disabled Enough,” in
the journal published by the University of Texas School of Law and the Civil
Liberties & Civil Rights Section of the State Bar of Texas. Before joining the
Kelley School faculty, she served as the American Bar Association’s commissioner
for disability rights and as a business development specialist in the U.S.
Department of Labor’s Office of Disability Employment Policy.

 

 

Filed under: Business Law and Ethics, Kelley School of Business, Research,
Research Newsletter, WellnessTagged Americans with Disabilities Act, Angélica
Guevara, Department of Business Law and Ethics, mental health


KELLEY SCHOOL AND MASTER OF SCIENCE IN INFORMATION SYSTEMS PRESENT THE AI IN
BUSINESS GLOBAL CASE COMPETITION

Posted on August 16, 2024 by George Vlahakis

BLOOMINGTON, Ind. — The Indiana University Kelley School of Business and its
Master of Science in Information Systems program is presenting a case
competition featuring top talent from universities worldwide.

The AI in Business Global Case Competition kicks off on Aug 24 — the application
deadline. The case for the first round of competition – which will be done
virtually — will be released two days later. Finalists will receive a second
case on September 14 and will compete in person at the IU India Gateway Office
in New Delhi, India.

Participants will have exclusive access to Microsoft’s cutting-edge technology,
including Microsoft Copilot for Microsoft 365, enabling them to tackle case
challenges with advanced, AI enabled solutions. Teams will also benefit from
mentorship by industry experts, who will guide them in leveraging these
technologies to develop their strategies.

Bipin Prabhaker

“This collaboration brings together one of the world’s leading technology giants
with one of the foremost business schools, promising an unparalleled experience
for all participants,” said Bipin Prabhakar, chairperson of information systems
graduate programs and the +Kelley Program and a clinical professor of operations
and decision systems.

“With Microsoft’s involvement, this competition will help students and young
professionals understand how AI has the potential to transform many aspects of
business,” added Prabhakar, also a Fettig/Whirlpool Faculty Fellow at Kelley.

Competitors will participate in teams of four, consisting of those in the third
or fourth year of their undergraduate education or working professionals with
less than two years into their careers. Cash prizes and scholarships will be
provided to members of the top three finalist teams. The winner will receive a
$1,500 cash prize and $5,000 scholarship award, with $1,000 in cash and a $3,000
scholarship for the second-place team and $500 in cash and a $3,000 scholarship
for the third-place team.

Each finalist team member will have an opportunity to interview for the MSIS
Program with its chair.

An amount valued at $1,000 in scholarships is granted to each finalist.
Scholarship awards are given per person, while prize awards are given per team.

The first 70 teams will receive one month of access to Microsoft Copilot for
Microsoft 365.

IU India Gateway Office

The competition highlights the Kelley School’s dedication to offering students
opportunities to engage with industry experts and address complex, real-world
business issues that can be solved with technology, Prabhakar said. The
competition will push teams to solve business challenges that are directly
relevant to today’s marketplace, equipping them with the skills needed for
future leadership roles.

The competition aims to expand Kelley’s global reach by attracting more
international participants and fostering a rich exchange of ideas.

The Kelley School of Business is committed to driving technological
advancements, particularly in artificial intelligence, and this collaboration
reflects that commitment by creating an environment where students can leverage
cutting-edge AI tools and solutions to excel.

Filed under: Artificial Intelligence, Case Competition, Competition, Degrees,
information technology, International, Kelley School of Business, Master of
Science in Information Systems, MSIS, Operations and Decision Technologies,
Student LifeTagged Bipin Prabhakar, India Global Gateway, Kelley School of
Business, Master of Science in Information Systems, MSIS


TEN STUDENTS FROM INDIANA CHOSEN FOR PRESTIGIOUS KELLEY SCHOLARS PROGRAM

Posted on August 1, 2024 by George Vlahakis

The 2024-25 Kelley Scholars, from left, Madison Kelly, Cyrilla Sommer, Claire
Acklin, Kent Fujita, Joel Bell, Shawn Wong, Owen Marietta, Meredith Dunning,
Madelyn Burton and Vani Sharma.

BLOOMINGTON, Ind. — Ten incoming Indiana University freshmen from across the
Hoosier state have been selected as Kelley Scholars at the Kelley School of
Business.

The Kelley Scholars, who intend to major in business at IU Bloomington, will
receive standard tuition and fees, a stipend for living expenses and funding for
academic activities such as overseas study.

The Kelley Scholars Program is funded by a multi-million-dollar gift from E.W.
“Ed” Kelley and his family, made to IU in the fall of 1997. The university named
its school of business for the Kelley family in acknowledgment of the gift.

This year’s class of Kelley Scholars was selected from a group of top students
admitted to IU, who were invited to apply for the program because of their
outstanding academic records. The application included references, a high school
transcript, several personal statements on a variety of topics and an essay.

The incoming Kelley Scholars are: (more…)

Filed under: Honors, Kelley Scholars, Kelley School of Business, scholarships,
Student Life, Undergrad, Undergraduate ProgramTagged Claire Acklin, Cyrilla
Sommer, Joel Bell, Kelley Scholars, Kent Fujita, Madelyn Burton, Madison Kelly,
Meredith Dunning, Owen Marietta, Shawn Wong, Undergraduate Program, Vani Sharma.

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