UConn Today – Timothy B. Folta, professor of management and entrepreneurship, is leading a National Academy of Sciences, Engineering, and Medicine committee investigating the success and impact of the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs at the U.S. Department of Energy.
News
All School of Business pressroom news
Three Alumni, Professor to be Honored As Outstanding Young Professionals
UConn Today – Whether they expanded their skills on a U.S. Navy submarine at sea, in a healthcare facility at the height of the pandemic, or by growing career programs at their alma mater, four members of the UConn Business community have been selected as among the most inspiring young leaders in Greater Hartford.
Murphy Highlights UConn’s Connecticut Center For Entrepreneurship And Innovation As “Innovator Of The Month”
murphy.senate.gov – HARTFORD–U.S. Senator Chris Murphy (D-Conn.) announced on Wednesday that the Connecticut Center for Entrepreneurship and Innovation (CCEI), the University of Connecticut’s entrepreneurship center, was named “Innovator of the Month” for its work to advance entrepreneurship in Connecticut. The center provides students, faculty, alumni, and military veterans with the necessary resources, mentorship, and networking opportunities to scale up their ideas, empowering entrepreneurs across the state to build sustainable businesses and make a positive impact.
Ask the Experts – Best Banks for Personal Loans
Wallethub – Q: Do you think credit unions and online lenders can compete with the best banks for personal loans?
Credit unions often offer better terms on all of those collateralized loans. I do not know how competitive they are on unsecured loans. Without researching it, I assume they do not offer such loans or limit them. The risk on unsecured loans is quite high, regardless of credit ratings. Large banks have the reserves and the legal teams to take on that risk; I suspect—but do not know—that credit unions are reluctant to take those risks. They do not have the reserves and the legal teams.
While credit unions vary widely in how they are run, I know that my credit union offers car loans three points or more lower than banks and some other credit unions. I also know that its equity lines and mortgages are lower than those of major banks. My bank offers equity loans fully four points higher than the rate on those from my credit union.
On the other hand, I have higher returns on a savings account (at 4.65%) at a commercial bank with no minimum level, much higher than returns offered at any credit union of which I am aware.
The simple reality is that people have to spend some time looking around and considering the options. As my personal experience outlined above suggests, credit unions often offer very competitive rates and services, including credit cards, but for specific products some banks or other credit unions will offer superior terms. However, it is almost always the case that the major banks offer the lowest rates on savings and CDs and insist on the highest rates for loans of any sort. They have the market power so long as people are not willing to invest the time to find better deals.
Accessory Overload
Slate – I love stuff, especially stuff that feels like it might add an element of personalization in a society that so often subscribes to materialistic monoculture. It’s evident from the trinkets that live on my desk, in the depths of my closet, and in my childhood bedroom. But lately I’ve been wondering if accessorizing has gone too far.
Beloved Family Dog Inspired South Windsor Family to Become Entrepreneurs
UConn Today – The Cecchini family’s entrepreneurship story began with an extraordinary love for their English Bulldog, Tank.
Unlike his two canine brothers, Tank suffered from unrelenting food allergies and painful ear infections. The South Windsor family developed a healthy, all-natural, grain-free dog biscuit just for him. When friends and family kept asking for samples, they recognized they were onto something big. They created their business, The Dog Bone LLC, in 2016.
Professor Plesko To Serve on Prestigious Accreditation Committee
UConn Today – Accounting professor and department head George Plesko has been selected to serve on the Association to Advance Collegiate Schools of Business (AACSB) Accounting Accreditation Committee, an appointment that reflects his educational expertise and engagement within the accounting industry.
The non-profit organization seeks to elevate the quality and impact of business schools worldwide. While nearly 900 colleges and universities hold AACSB accreditation, only 194 have AACSB-accredited accounting programs. The organization is considered the ‘gold standard’ of higher-education business accreditation.
New Rules Govern Residential Property Sales Beginning in mid-August
UConn Today – If you’re in the process or buying or selling a home, or think that will be part of your near-future plans, then the recent National Association of Realtors (NAR) settlement has likely caught your attention.
As part of a class-action lawsuit settlement, the NAR agreed to some changes impacting compensation and representation beginning Aug. 17. The sale or purchase of a home is considered one of life’s biggest stressors. Understanding the new opportunities and requirements of the settlement can put real estate clients at ease.
UConn Today interviewed School of Business professor Kristen Haseney, an attorney with extensive experience in the industry. Below she answers questions about what’s new and what to expect.
Partnership, Collaboration, And Clarity
Mirage – As a child, Kumanga Andrahennadi would often walk through her village to the water’s edge and talk to the sea.
She grew up in Tangalle, a coastal town in southern Sri Lanka. There’s no land between Tangalle and the continent of Antarctica, Andrahennadi explains, only the sea.
Raised in a Buddhist family, Andrahennadi learned the practice of mindfulness from her parents, and in her youth, whenever she felt the heaviness of the situation surrounding her, she would lean into her own mindful connection with nature and go to talk with the sea.
Ageism In The Workplace: How It May Be Affecting More Than Just Older Americans
AOL – Amidst all the talk about diversity and inclusion, ageism in the workplace is sometimes overlooked. There’s a reason for that.
Just in the last year, the American Psychological Association dubbed ageism “the last socially acceptable prejudice.” They define ageism as “discrimination against older people because of negative and inaccurate stereotypes.”
As we take a look at ageism as a dimension of diversity, I think it’s necessary to tweak that definition a bit.