MBS Media coverage

There should be less government intervention, not more

Paul Kerin, The Australian, pg 30, 14 September 2009
Many claim that the global financial crisis has slain the most important economic theory of the last half-century - the efficient markets hypothesis (EMH) - and, therefore, that much more government intervention in financial markets is necessary, writes MBS Professor Paul Kerin. Read the full article.

The mood’s good, but the cash must dash

Australian Financial Review, pg 4, 12 September 2009
Despite the recent Westpac-Melbourne Institute consumer sentiment index rising 5.2 percent this month, retail sales are not reflecting this level of confidence, falling 1 per cent in July. However, Melbourne Business School’s Paul Kerin says improved news on unemployment should help sales.

intelligence

Wealth Creator, pg 6, 11 September 2009
While the stock market has rallied from the lows of early 2009 there is still debate about whether what is being witnessed is a proper ‘recovery’ or a momentary false dawn before a second slide. In other words, will the recovery be shaped like a V or a W? Melbourne Business School associate professor Mark Crosby said he was unsure that the recovery could be characterised by either letter.

More working part time

ABC2 News Breakfast, 11 September 2009
Melbourne Business School Associate Professor Mark Crosby discusses unemployment figures. Crosby says full time jobs have steadily declined and more people are working part time. He notes that most economists think unemployment will continue to rise.

Where could I be taking my MBS? The overseas option

Toronto Star, 10 September 2009
Canadian and MBS alumnus Jeffrey Spivock, explains his decision to pursue his MBA at Melbourne Business School. “Australia, for me, offered the perfect setting to mix a Western MBA education in a setting that was extremely focused towards Asia's emerging and emerged markets," he says. Read the full article.

Recovery checklist

BRW, pg 27, 09 September 2009
Don’t forget to review your supplier relationships as we begin the recovery process. Supply costs can add up to 75 per cent of a manufacturing company’s annual revenue and up to 40 per cent for a service company, Melbourne Business School’s Marc Stigter says "renegotiating contracts or enforcing price reductions on suppliers can be a critical quick win in reducing costs and strengthening the bottom line during a downturn”.

The art of lying

ABC 936 Hobart, 09 September 2009
Melbourne Business School Professor Karen Jehn talks about the art of lying and of telling the truth convincingly. Jehn talks about lying in the business world and how one can tell by body language, and how it is harder to tell if someone is lying over the phone.

The new business models

BRW, pg 38, 09 September 2009
Universities and business schools have helped create the “myth of the professional manager”, says Rob Burke from Mt Eliza Executive Education. It’s a breed with short-term goals and a generic set of transferable skills that can be applied regardless of sector or experience. But business schools and their students are raising their eyes from the short term and starting to look further ahead. And they are beginning to see the need for a corporate health checklist Burke says, that is not simply financial but social, economic, political, legal, ethical and moral.

Finance update

ABC2 News Breakfast, 28 August 2009
Melbourne Business School’s Associate Professor Mark Crosby says that in Australia more people were willing to invest in the last quarter. He says that some believe this is due to the stimulus package.

All hands on deck

HR Monthly, pg 18, 26 August 2009
Whether company culture is good or bad depends on what the organisation is hoping to achieve. MBS Program Director Dr Carol Gill says that for cultures to succeed they need to be strong and they have to adapt to changes in their environment. What makes a culture successful in one environment or against one competitor could be its failing if the market quickly shifts.

Bowen’s ASX reforms fall short, even on supervisory side

Paul Kerin, The Australian, pg 28, 26 August 2009
Financial services Minister Chris Bowen deserves congratulations for announcing yesterday supervision reforms for exchange-traded securities, but brickbats for delaying further the much more important introduction of competition to ASX's monopoly. Read the full article.

Providers should pay no mind to the cap

Joshua Gans, The Age, pg 6, 25 August 2009
Caps on broadband use are holding us back, writes Joshua Gans Read the full article.

Ambition: Nick Smith

The Australian, pg 26, 25 August 2009
Nick Smith has secured the newly crated position of Australian and New Zealand leader at Citrix Online. Smith has lived and worked on four continents. He has an honours degree in history and sports science, an MSc in physiology and biomechanics and an MBA from Melbourne Business School.

Regulatory powers to move

ABC2 News Breakfast, 25 August 2009
Melbourne Business School’s Paul Kerin talks about the Federal Government moving regulatory powers from the Australian Stock Exchange to ASIC. Kerin says it is difficult to prove anything untoward happened under the ASX, but it's important to remove the perception this may happen.

How the Government borrows money

ABC 612 Brisbane , 24 August 2009
Associate Professor Mark Crosby sheds light on how the Federal Government actually borrows money. Mark says governments go out into the bond market, much like corporations and try to borrow money. He notes that the Federal Government's money is managed by the Australian Office of Financial Management and it is their job to secure funds from whoever is willing to lend at the lowest interest rate.

Remaking a tarnished idea

Radio National: The World Today, 24 August 2009
Professor John Armstrong discusses his latest book on civilization and laments the failure of culture to keep up with material prosperity in the West over the last century.

Net surfers ‘unlikely’ to pay for newspapers online

The Canberra Times, pg 12, 23 August 2009
Media mogul Rupert Murdoch is unlikely to convince internet users to pay for news, a leading economic commentator says. Melbourne Business School Professor Joshua Gans said that when The New York Times tried charging for its content a few years ago it found it was better off generating more traffic and charging advertisers to buy space.

PetroChina deal

ABC2 News Breakfast, 20 August 2009
Melbourne Business School Associate Professor Mark Crosby talks about yesterday's PetroChina deal. He says that it is important but notes that there will be more deals. He also talks about the Chinese share market.

FEAL Turns 10

Investment and Technology , pg 18, 19 August 2009
The Fund Executives Association Ltd turns 10 this year. This article traces its history and looks at its likely future. The article looks at the formal education programs run in association with educational partners such as Melbourne Business School. Brett Westbrook, a founding director of FEAL talks about his EMBA experience at MBS “I got enormous benefit from it. I felt I personally grew from the experience,” he says. “I thought it would be beneficial for FEAL members to have the opportunity….It was logical for me to contact the Melbourne Business School where I had been working with the leading professors.”

In Search of Civilization

6RTR (Perth) Mornings, 18 August 2009
MBS Philosopher-in-residence John Armstrong talks about his new book In Search of Civilization: Remaking a Tarnished Idea. Armstrong lists four key concepts and notions that people have about civilizations and chats about the need for there to be one key concept and for people to have long lasting relationships with their environment.