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09 Mar 2017, 17:00
| FROM Kellogg MBA Blog: Exploring Brexit from the Perspective of Echo Chambers |
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https://kelloggmbastudents.files.wordpress.com/2017/03/brexit-referendum-uk-1468255044bix.jpg?w=592&h=392 Faculty and students engage in a discussion on the economic history and policy that led to Brexit, and its expected global impact. By Charity Hemphill-Frierson ’17 and Luke Murphy ‘17 — Last fall, over 50 Kellogg students attended an insightful analysis of the U.K.’s vote to leave the European Union and the significant impact that “Brexit” would have on the future of the geopolitical climate of the E.U. and the Western world. Coincidentally, the event occurred on the same day as the U.S. presidential election, which parallels “Brexit” in terms of voter priorities and demographics. The discussion, led by Professors Sergio Rebello and David Austen-Smith and hosted by the Public Policy Club, European Business Club, and Kellogg Public-Private Interface (KPPI) was designed to help students make sense of the economic history and the communication tactics that those for and against the “leave” vote used to push their vision of the United Kingdom. Exploring the European economic pie prior to the Industrial Revolution Professor Rebello grounded the discussion in background on the 14th through 17th centuries, explaining how prior to the Industrial Revolution, the economic pie was a “constant, with war serving as the main industry” as the British built an empire where the ‘sun never set.’ One of the key features of the British economy before the 19th century included ongoing conflicts with France. Things began to change, however, with both the Industrial Revolution and Pax Britannica, a 100-year period of relative peace in Europe after the defeat of Napoleon in 1815. These developments gave way to the emergence of a prosperous middle class and an economy that transitioned from industrial to knowledge-based. During this time, the significant growth in the U.K. economy was mostly attributed to the growth in London. This flattening of the GDP per capita outside of London later coincided with the country’s participation in the European Union, which, among other things, made it easier for individuals from other parts of Europe to come to the U.K. and work. Though the British Empire had long included people from around the world, the timing left many feeling as if their economic stability was compromised by the ability of those from across the E.U. and the world to obtain employment. These factors all converged to create an environment that was primed for Brexit. Understanding Brexit voter demographics In hindsight, it’s easy to segment those who voted for and against Brexit: the majority of those who live in London as well as upper income, younger, and foreign-born voted to remain in the European Union. While 52% of British voted to leave, only 40% of Londoners voted to leave. London, the historical financial center of Europe, had the most to lose from the uncertainty around Brexit. The effects are already palpable – in December, the 328-year-old Lloyd’s of London insurance giant became one of the first major U.K.-businesses to announce that it will move part of its operations to the European continent in 2017. On the other hand, those living in rural areas, the working class, and those over 65 felt that the policies of the E.U. had been most detrimental to them. Another large group of proponents included older males who had fought in the war against Germany and saw the U.K. as taking orders from the E.U. (and by extension Germany) as a form of weakness. Still, it remains unclear if the vote to leave the E.U. will provide those who supported the leave campaign with the results they seek. Avoiding ‘echo chambers’ The talk left us in deep thought about the importance of avoiding echo chambers – networks of people who share similar backgrounds and experiences and thus share similar, self-reinforcing perspectives. As MBAs, many of us would have related to the London educated class who were content with employment opportunities and free trade with the continent. In London, as in Evanston, it can be difficult to understand the personal impact of immigration policies and a shift from manufacturing to services economy. While debating the merits of each position does not always lead to constructive or tangible outcomes, it is important for us as leaders to acknowledge the perspectives of others. It is critical that we understand how these sometimes competing perspectives impact the way in which decisions are made, how our own perspectives affect the setup of organizational structures, and how a healthy dose of conflict can make ourselves, companies, and countries stronger. Charity Hemphill-Frierson is a second-year student in the 2Y program. Prior to Kellogg, Charity was a financial performance analyst for the City of Indianapolis. Luke Murphy is a second-year student in the 2Y program. Prior to Kellogg, Luke was a fixed income specialist and sales associate for Bloomberg. Filed under: Student Life Tagged: brexit, economics, global economy https://feeds.wordpress.com/1.0/comments ... .com/8416/ https://pixel.wp.com/b.gif?host=kellogg ... ef=&feed=1 |
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| FROM Kellogg MBA Blog: Welcome to Kellogg, Round 2 admits |
 Today is one of the busiest, most exciting days of the year at the Kellogg Admissions Office. Why? It’s Round 2 admissions day! Today, our Admissions team will be making phone calls across the globe to individually congratulate Round 2 admits. Kellogg Admissions team members say that being the bearer of such good news is a powerful and rewarding experience … And sometimes, even an emotional one. In the spirit of showcasing Kellogg’s excitement for Round 2 admits, we interviewed our Admissions officers to learn what they enjoy most about delivering admissions news and their most memorable new admit phone calls.  Melissa Rapp Director of Admissions – Full-Time MBA & MSMS Programs What do you enjoy most about calling newly accepted students to deliver the good news? What I like most is knowing that the phone call I am making is changing the course of someone’s life. To be a part of something so huge and hear the excitement in their voices is incredible. What is your most memorable admit phone call? I called a woman to tell her she was admitted to Kellogg, and she seemed very distracted. She called me a week later to explain that she was in active labor having a baby when I called! I laughed and told her that I was surprised she answered. The woman explained, “I knew I wouldn’t be able to focus if I didn’t answer your call!” —–  Andrea Calderon Associate Director of Admissions What do you enjoy most about calling newly accepted students to deliver the good news? My favorite part is the variety of reactions we get. Hearing people say we changed their lives is pretty powerful to hear. We get everything from screaming to crying. It’s great to share with people that they’re getting their MBA when they’ve been working super hard for it. It’s definitely one of our best days of the year. What is your most memorable admit phone call? One call that really stands out is an admit I called for our MMM Program. He applied previously but wasn’t accepted, so I got to tell him that all of his hard work and reapplication paid off. It was really gratifying. It sounded like he was crying on the other end of the phone. —–  Lance Bennett Director – Diversity Admissions What do you enjoy most about calling newly accepted students to deliver the good news? The day we call admits is the culmination of months of working with many of them. I most enjoy getting to hear their excitement about being admitted to Kellogg. What is your most memorable admit phone call? My most memorable call was when I called an admit and he told me, “I knew you’d call, Lance!” The admit then started running out of his office so that he could scream out loud. While he was making his way out of the office, he kept saying into the phone, “Hold on Lance, don’t hang up! Hold on Lance, don’t hang up!” He started screaming and was completely out of breath … And I hadn’t even told him that he’d been accepted yet! —–  Jennifer Hayes Senior Associate Director of Admissions What do you enjoy most about calling newly accepted students to deliver the good news? I think for us, it’s the culmination of lots of hard work. It’s the internal work for the last three months of assessing the best candidates for Kellogg. Most people are extremely excited when we call, and being able to hear their joy, enthusiasm and sense of accomplishment is awesome. What is your most memorable admit phone call? There was a more tenured professional who had significant military experience who couldn’t compose himself and was crying. I think such a sense of emotion that goes with being accepted is humbling for an admissions officer. We really are changing people’s lives, and being able to hear that raw emotion is a good reminder that we are making a difference in people’s lives and professional careers. —–  Christine Mayer Director of Admissions – Two-Year Program What do you enjoy most about calling newly accepted students to deliver the good news? For me, it’s being able to finally meet the people you read about. You read about these people for months, so being able to call them and give them good news, plus know you’ll impact their lives, is pretty cool. What is your most memorable admit phone call? My favorite call that stands out is to a woman in Japan. Since she lived in a different time zone, I was having trouble getting through to her, so I had to email her. Within seconds of sending the email, my phone rang, and she was hyperventilating with excitement! She called back instantly! Do you have a memorable Kellogg admit story of your own to share? We’d love to hear it – leave a comment below! Filed under: Admissions Tagged: admissions, admissions officers  
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Here are updates for you:
ANNOUNCEMENTS
 Wednesday, Apr 24, 2024 11:30am NY / 3:30pm London / 9pm Mumbai Watch earlier episodes of DI series below EP1: 6 Hardest Two-Part Analysis Questions EP2: 5 Hardest Graphical Interpretation Questions
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