FIU Business Now Magazine
 
THE MAGAZINE OF FLORIDA INTERNATIONAL UNIVERSITY'S COLLEGE OF BUSINESS
 
FIU Business faculty share insight with the media 

NBC6 Miami — February 7, 2022
In a story about the increasing number of Florida workers leaving their jobs every month, Marc Weinstein, clinical professor of global leadership and management, explained that with the pandemic, increase in unemployment and government aid coming to an end, if a company can't find employees now, they're not being competitive. "People in lowwage jobs, they want better jobs. Better jobs not just in terms of compensation, but greater stability," he said.

People in low-wage jobs, they want better jobs. Better jobs not just in terms of compensation, but greater stability.

Marc Weinstein, Clinical Professor, Global Leadership and Management

Harvard Business Review — January 27, 2022
In an article about how giving negative feedback impacts the person delivering it, Ravi Gajendran, associate professor of global leadership and management, and his co-authors wrote that the impact depended on how empathetic the leaders were. Researchers offered strategies including encouraging more-empathetic leaders to take breaks after giving negative feedback and training less-empathetic leaders on techniques for delivering feedback more compassionately. "High-empathy leaders became less effective at core leadership tasks after giving negative feedback," Gajendran and his co-authors wrote.

High-empathy leaders became less effective at core leadership tasks after giving negative feedback.

Ravi Gajendran, Associate Professor, Global Leadership and Management

The Hill —January 23, 2022
In an op-ed, Jerry Haar, professor of international business, highlighted that the U.S. global competitive advantage is not in manufacturing but in services, which account for over 80% of U.S. employment and 79% of GDP. One sector often overlooked is higher education, he wrote, noting that foreign students coming to study in the U.S. generated $44 billion in 2021. "Our economy is rapidly becoming more knowledgebased and innovation-oriented, and this is where we can compete in the global marketplace," he said.

Our economy is rapidly becoming more knowledge-based and innovationoriented, and this is where we can compete in the global marketplace.

Jerry Haar, Professor, International Business

Daily Beast — January 1, 2022
In a story looking at the U.S. political and economic landscape of 2022, Craig Austin, assistant teaching professor of marketing and logistics, explained that prices will keep rising due to inflation. Consumer demand hasn't slowed, and the supply chains cannot handle the current volumes, he said. "We never had it at these levels," he said. "You have clogged ports, clogged supply chains. It's going to take a while to work yourself through that."

The Ascent — December 17, 2021
In an article about the increased spending on non-fungible tokens (NFTs), which estimates put at $26 billion in 2021, Hemang Subramanian, assistant professor of information systems and business analytics, warned that many are minted on the Ethereum network, which struggles with high gas fees. "NFT platforms charge anywhere between 2% and 12% in artist fees and platform fees for listing NFTs," he said.

We never had it at these levels. You have clogged ports, clogged supply chains. It's going to take a while to work yourself through that.

Craig Austin, Assistant Teaching Professor, Marketing and Logistics

CBS 4 — November 18, 2021
In a story that looked at credit card debt in Florida, Deanne Butchey, teaching professor of finance, noted that as stimulus money, childcare money and other government packages ended, people will probably finance their way of life through credit cards. "The concern is if you had savings, if you had money from stimulus package or tax credits that was OK, but very quickly, that money is running out. So, unfortunately, people are going to be racking up that credit card debt," she said.

Entrepreneur — November 10, 2021
In the story "Why are prices so high? Blame the supply chain – and that's the reason inflation is here to stay," logistics professor Craig Austin wrote that the reasons prices are rising are complex and many. He explained that there's no end to the supply chain problems. Consumer demand was only going to increase through the holiday season and beyond. "Consumers should get used to the higher prices. They're the new normal," he wrote.

Consumers should get used to the higher prices. They're the new normal.

Craig Austin, Assistant Teaching Professor, Marketing and Logistics