Lesson in Strategic Innovation, Brought to you by Dr. Dre
Here is a pop quiz for you. Who’s the market leader in the $ 2.4 Billion U.S. head phones category?
The PC is Not Dead (Yet!)
My friend, Andrew Stein (EMBA ‘ 11) has a great post on the premature obituaries for personal computers (PCs). His argument is that PCs complement mobile devices including tablets and smart phones by creating digital content.
Congratulations, Cathy Wallace
Our hearty congratulations go to Cathy Wallace (EMBA ’04) for being named the Chief Risk Officer at State Farm Insurance. Cathy has had a long and accomplished career with State Farm. She joined State Farm in 1983 as an accounting supervisor at the Illinois Regional Office in Bloomington, Ill and has served in many functions including accounting, human resources, and credit union operations across a variety of geographic areas. Her most recent position was as operations vice president in the Great Lakes Zone at State Farm in Bloomington. She embodies what a great innovative leader should be all about.
Congratulations, Senator Mike Hastings!
Many congratulations to our EMBA alumnus Michael Hastings (class of 2011) for being elected as the Senator from the 19th Senate District of Illinois.
Congratulations to Alvin Roth, Winner of the 2012 Nobel Prize in Economics
Note from Raj Echambadi: Many thanks to Larry DeBrock for writing this blog post about Alvin Roth. Larry and Al Roth were colleagues for a while at the University of Illinois. One of Larry’s early academic publications was with Al Roth entitled ”Strike-two: Labor-management negotiations in major league baseball” in the Bell Journal of Economics in 1981. It is an interesting paper that investigates the hyphenated strike in major league baseball in 1980.
The 2012 Nobel Prize in Economics is being shared by two American professors, Al Roth and Lloyd Shaply. We are particularly proud of one of these two gifted economists. Al Roth started his faculty career at the College of Business at the University of Illinois at Urbana-Champaign. An undergrad from Columbia University, Al earned his Ph.D. from Stanford in 1974 and joined Illinois that same year, holding joint appointments in the Department of Business Administration as well as the Department of Economics (which at that time was part of the Business school). In 1977 he was promoted to Associate Professor and in 1979 to Full Professor. That remarkably rapid progression from brand new Assistant Professor to the top ranks of the professoriate was an early predictor of his tremendous abilities. In 1982, Al moved to the University of Pittsburgh.