Olin Business School

Continuing Washington University’s yearlong Sesquicentennial Environmental Initiative, the final set of colloquia will cover significant issues such as tackling childhood lead poisoning, building a sustainable environment in plant sciences, understanding the effect of aerosols in our air; creating ecological and economically viable structures; and understanding how research universities can impact environmental education and public policy.

Martin Luther King, Jr.Jan. 19 marks the national observance of Martin Luther King Jr.’s birthday. Several events are planned on both the Hilltop and Medical campuses to commemorate King’s contributions and legacy. All are free and open to the public.

The John M. Olin School of Business at Washington University in St. Louis has awarded a total of $70,000 in seed investment capital to two startup businesses in its annual Olin Cup entrepreneurship competition. The Olin Cup competition was launched last year with a new emphasis on life sciences, medicine, and technology startups, as well as other student started ventures. The business school’s Skandalaris Entrepreneurship Program sponsors the annual competition. This is the first time seed funding was awarded in the entrepreneurship contest.

SneiderMost retailers are enthusiastic about sales prospects for the holiday season. Estimates for same store sales growth of five to seven percent are expected, according to Martin Sneider, a professor of retailing at the John M. Olin School of Business at Washington University in St. Louis. “These forecasts are far more robust than the numbers posted last year. Estimates for price-driven stores like Wal-Mart and Costco are at the high end of analyst’s expectations,” Sneider says. Meanwhile, online holiday shopping is expected to grow by 20 to 40 percent, he says.

Despite the rejection of a provision to allow prescription drug imports from Canada in the Medicare bill passed by Congress, policymakers are still considering other bills that would allow the drug imports from North of the border. But Jackson Nickerson, a professor of organization and strategy at the Olin School of Business at Washington University in St. Louis, says that allowing the import of drugs from Canada would likely raise prices for both Canadians and U.S. consumers. Nickerson is currently engaged in a major research initiative with the Food & Drug Administration (FDA) and the pharmaceutical industry to improve the manufacturing process for drugs.

Dec./Jan. Business, Law & Economics Tip Sheet

November Business, Law & Economics Tip Sheet

SukhatmeA “Colloquium on Energy” lecture and panel discussion will be held on Friday, Oct. 31 from 10 am to 12 pm at the Charles F. Knight Executive Education Center. The symposium is part of the Washington University “Sesquicentennial Environmental Initiative” to help better understand the role that research universities can play in addressing issues related to the environment. The lecture and panel discussion is co-sponsored by the John M. Olin School of Business and the School of Engineering and Applied Science Environmental Engineering Science Program. A Keynote address on “Alternate Energy Sources: The Indian Context,” will be presented by Professor S. P. Sukhatme, Chairman of the Atomic Energy Regulatory Board in India and professor emeritus and former director of the Indian Institute of Technology, Bombay. A panel discussion on energy related issues will follow Professor Sukhatme’s lecture.

The grant supports a long-term investigation of the dynamics of family functioning and the well-being of children born to unmarried parents.

KouvelisThe concept of hiring another company to handle “non-core” functions has been around since companies began. But it’s only been in the last several decades that the term “outsourcing” has been coined. Selecting which functions to be outsourced is as individual as each company and the goods and services it provides. Panos Kouvelis, a professor of operations and manufacturing management at the Olin School of Business at Washington University, says that it is often argued that outsourcing helps share risks with suppliers, but new risks enter the picture. “Often difficult tasks, if not appropriately managed, can get out of control,” Kouvelis says. “However, these are the tasks in which a firm can build competency and appropriate market value.” Kouvelis explains the pros and cons of outsourcing.