CFO Survey: Public Distrust, Threat of Severe Russian Sanctions Impacting Global Economy

The damaging effects of deflation on the European economy are a prime concern for some European Chief Financial Officers, according to the most recent Duke University/CFO Magazine Global Business Outlook Survey.

About one-third of European CFOs believe deflation is occurring or soon will occur in the Eurozone, and two-thirds of this group think deflation could last for two or more years. Most of these CFOs think deflation could be damaging to the economy.

“These findings are particularly surprising because recent actions by the European Central Bank (ECB) had been widely anticipated at the time of our survey. These European CFOs are effectively saying that the ECB’s actions will not be sufficient to stave off deflation,” said Campbell R. Harvey, founding director of the survey.

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The Inside View: What a Finance Professional Learned from the Racetrack

Murray Orr photo May 142

Murray Orr

With more than 25 years of experience in international investment banking, Murray Orr didn’t need to jump-start his career.

But Orr thought something was missing.

“I really felt I needed a software upgrade,” Orr said.

Even though he wasn’t looking to change jobs, Orr started researching ways to gain a fresh perspective. He was particularly interested in learning from the experience of people in other industries. He was also strongly attracted to going to a U.S. business school given his predominantly British education.

Orr enrolled in Duke University’s Advanced Management Program (AMP). The course is designed for executives with 15 years or more of experience. Participants spend two sessions of two weeks each in Durham, North Carolina. In between, the learning happens virtually as classmates interact online and take what they’ve gained back to their companies.

“Given the varied backgrounds of the other participants, there was no discomfort with sharing experiences, and in fact, there are real learning benefits of having a free and open dialogue amongst a small group of similarly motivated senior executives,” Orr said.

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Mit einem starken Netzwerk ins Berufsleben

Annika Büttner im Interview über das Studium an der Duke University Fuqua School of Business

annika-183x2251Wer noch nicht dort war, kann sich schwer vorstellen, wie vielfältig das Leben an der Duke University in Durham, North Carolina ist. Annika Büttner aus Mainz ist 24 Jahre alt. Nach ihrem Bachelor Studium im Fach International Management wechselte sie an die Duke Fuqua School of Business und schloss dort im Mai 2013 ihren Master of Management ab. Im Interview gibt Sie Einblicke in ihre Studienzeit und erklärt weshalb sie sich für ein Studium in Durham, North Carolina entschied und welche Schritte dahin wichtig waren.

Annika, warum hast Du Dich für die Duke Fuqua School of Business entschieden?

Zunächst habe ich mich bewusst dazu entschieden, meinen Master in den USA zu absolvieren. Die US-amerikanischen Business Schools gehören zu den besten weltweit, und es war mir wichtig an einer renommierten Uni im Ausland zu studieren. Daraufhin habe ich mich für ein Fulbright-Stipendium beworben, um sowohl finanziell als auch organisatorisch Unterstützung zu erhalten. Während meiner Recherchen der Top 20 Business Schools habe ich mich bei der Fuqua sofort willkommen gefühlt, und auch das Studienprogramm hat mir zugesagt. Die Ansprechpartner im Career Center waren von Anfang an extrem nett und hilfsbereit. Zudem ist Fuqua für seine ausgezeichnete Marketing-Fakultät und seine hervorragenden Professoren bekannt.

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IDEO Brings Design Thinking to Fuqua

IDEO

Aycan, left, and Misono, right, of IDEO talk to Christine Moorman’s Marketing Strategy

IDEO — the company that created the first mouse for Apple back in 1980 — is located in countries around the world, including England and Germany. They are considered by some to be THE go-to company for creative design thinking.

They recently came to Duke University’s Fuqua School of Business to address professor Christine Moorman’s Marketing Strategy Class.

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Dominating Leaders Can Hamper Team Success

According to a recent report from The Conference Board, European business leaders say their biggest strategic challenge is managing, growing, and retaining talented workers.

images2VDEM3VODuke University Fuqua School of Business Professor Rick Larrick, Leigh Plunkett Tost of the University of Michigan’s Ross School of Business, and Francesca Gino of Harvard University’s Business School conducted a study looking at the impact power has on team leadership.

Their findings suggest that at times when leaders are most successful personally, they are least likely to consult and involve their team. In the study, the researchers reminded leaders of their power over others and watched their subsequent interactions in a team setting. They discovered that following the reminder, the leaders did a poorer job facilitating conversation between the team members than they did in the absence of a reminder. As a result, the team’s performance suffered.

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