According to the classic view of market competition, if all participants in the market had perfect information, prices would naturally be forced downward by those market participants. However, Enron traders and their ilk had virtually perfect information about their market and about the actions of other traders. The result was collusion, gaming, and artificially inflated market prices... In an extraordinary example of practitioner scholarship, Eric Woychik (DM 2006) drew upon the work of Nobel Laureate Robert Aumann in his analysis of Enron's trading practices...
Entries for month: August 2010
August 31, 2010 ·
August 21, 2010 ·
I have begun the journey to earn a Doctorate of Management at Case Western Reserve University's Weatherhead School of Management and have just completed my first residency in Cleveland, Ohio. It is difficult to find the words to express myself. If I were a poet I would be able to convey the range and intensity of my observations and feelings. Because I am not a poet I need to borrow a metaphor to convey what I feel.
Tags: DM Reflections
August 11, 2010 ·
I just returned from the 2010 Academy of Management (AoM) Annual Meeting in Montreal, Canada. The Weatherhead School of Management's Doctor of Management (DM) alumni and students overall had 17 paper presentations and won 3 best paper awards in three different divisions. Their presentations were well received and deemed both rigorous and relevant--demonstrating that students of the DM Program span the boundaries of practice and academia and engage in management-related practitioner scholarship that is theory driven, uses rigorous and credible research methods, and is at the same time well anchored to the problems and realities of management. One of the best and most rewarding experiences for DM faculty who attended the meeting was the pride, confidence and enthusiasm that our students showed when they interacted with other management scholars and participated eagerly in the debates in symposia, paper sessions and design workshops at AoM.
Tags: Faculty Perspectives