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About Ross Thought in Action

Ross Thought in Action provides content for business leaders, thought leaders, and the media. Our editorial team focuses on research that is clearly applicable to organizations and presents text, video, and audio features about faculty and ideas. We update this page frequently, and we send an email newsletter to subscribers every other month.

commentary

JPMorgan Chase's $2 Billion Blunder
MAY 15, 2012

What was supposed to be a hedging strategy went seriously awry for JPMorgan Chase and Co., which recently revealed it lost more than $2 billion over a few weeks on derivative trades. Professor Nejat Seyhun says what happened is less important than the bank's decision to take a risk that large. He also notes that this comes at a time when the specifics of financial regulations passed by Congress still are being finalized. Since regulators were in the dark until the bank disclosed the losses itself, transparency should be the chief concern, Seyhun says. But he also hopes Congress doesn't overreact.
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research focus

Beating the Box Office Blues
MAY 14, 2012

Does the secondary market for event tickets, led by services like StubHub, harm event organizers? The traditional view is yes, but new research from operations and management science professor Izak Duenyas shows that's not always the case. A secondary market can boost revenue for event organizers, especially when prices are fixed. His research suggests the best choice for event organizers is to sell ticket options, a practice that's been slow to develop. Duenyas' work sheds new light on the $3 billion ticket resale market.
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executive focus

Positive Leadership in Action: Applications of POS by Jim Mallozzi, CEO, Prudential Real Estate and Relocation
MAY 15, 2012

Jim Mallozzi has faced his share of challenges as a top executive at Prudential, from merging two different cultures to dealing with the fallout from the 2008 financial crisis. But in his arsenal were principles learned from his exposure to Positive Organizational Scholarship (POS). In this in-depth interview published in the April-June 2012 edition of Organizational Dynamics, professor Kim Cameron and Emily Plews, MBA/MS '10, interview Mallozzi, who details how he successfully merged the two cultures, improved financial performance, increased customers' satisfaction, and enhanced employee engagement. Cameron brings his expertise in leadership and POS principles to the Ross Executive Education program Positive Leadership.
Read Article // Positive Leadership // More Executive Education

analysis

A Wake-Up Call for Manufacturing
MAY 7, 2012

Optimists hope a recent uptick in U.S. manufacturing means better days are ahead for the sector. There is momentum, but it'll take the right policy decisions by elected officials and business leaders in the coming years to keep U.S. manufacturing thriving, say professors Wally Hopp and Roman Kapuscinski. They're co-authors of the Booz and Co. study "Manufacturing's Wake-Up Call," which estimates 40 percent of the U.S. manufacturing sector still hangs on the edge. The wrong decisions could lead to permanent manufacturing job loss, while a series of smart steps could make the country a manufacturing powerhouse again.
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case study

Cost Center to Profit Center
MAY 10, 2012

Most companies view a customer call center as a cost, something to be handled as quickly and cheaply as possible. But American Express Co. took a different view and turned its call center into an engagement center. A case study by professor M.S. Krishnan details how the credit card giant changed its hiring, training, IT systems, and employee relations practices to turn a cost center into a profit center. In this Q&A, Krishnan explains how Executive Vice President Jim Bush handled all the moving pieces to make it happen. As a result, customer satisfaction and card member spending went up and handling time went down.
Read Q&A // Customer Service at American Express: A Relationship, Not a Transaction (Click "Inspection Copy" for Free Case) // More Case Studies

research focus

Why we Struggle with Food Choices
APRIL 9, 2012

What should I eat and how much? Despite more nutrition information than ever, consumers still ask those questions, while rising obesity rates underscore their importance. Two Ross marketing professors are at the forefront of this rich area of research. Works from Aradhna Krishna and Brent McFerran were featured in a recent special report on food choices in the Journal of Consumer Research. Krishna's research on "guiltless gluttony" examines how misleading labels can lead to overeating. McFerran's work looks at how people select food portions based on how much the people around them select, and whether those people are heavy or thin.
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your turn

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