Quoted: “Once you get to that kind of industry concentration, it’s not about differentiation, it’s about pricing power,” said Hart E. Posen, an associate professor of management at the University of Wisconsin-Madison’s School of Business. “With two or three big competitors dominating the industry, it’s not about rivalry because one firm knows that if they lower prices, the other firm will have to lower prices. If one firm invests in substantial differentiation, then the other firm will — and no one will necessarily be better off.”
Category: Business/Technology
Apple Wins Appeal in Patent Suit With UW Madison
Apple won its appeal of a patent infringement case brought against the company in 2014 by the University of Wisconsin at Madison, the Milwaukee Journal Sentinel reported. A federal appellate court in Washington, D.C., threw out part of the $506 million in damages originally awarded to the university by a federal court in Madison. It’s unclear how much has been thrown out.
Federal appeals court throws out $506 million damages award for WARF against Apple Computers
A federal appeals court on Friday threw out a $506 million damages award against computer-maker Apple Inc. that had been awarded to the Wisconsin Alumni Research Foundation after a jury in Madison found in 2015 that Apple had infringed on a WARF computing patent.
Apple wins appeal of University of Wisconsin patent lawsuit
Apple has won an appeal of a patent infringement case originally brought by the University of Wisconsin-Madison, according to a report from the Reuters news service.
Apple Gets Reversal for University of Wisconsin Patent Case
Apple Inc. will no longer need to pay $234 million in damages to the licensing arm of University of Wisconsin over patent infringement after a federal appeals court ruled in the tech company’s favor.
Apple Wins Reversal in University of Wisconsin Patent Lawsuit
Apple Inc persuaded a federal appeals court on Friday to throw out a $234 million damages award in favor of the University of Wisconsin-Madison’s patent licensing arm for infringing a patent on computer processing technology.
How a ‘solar battery’ could bring electricity to rural areas
The problem of energy storage has led to many creative solutions, like giant batteries. For a paper published today in the journal Chem, scientists trying to improve the solar cells themselves developed an integrated battery that works in three different ways. It can work like a normal solar cell by converting sunlight to electricity immediately, explains study author Song Jin, a chemist at the University of Wisconsin at Madison. It can store the solar energy, or it can simply be charged like a normal battery.
First-time home buyers struggle in tight housing market
Quoted: Despite the shortage, housing in Wisconsin is particularly affordable right now, said Mark Eppli, director of the Graaskamp Center for Real Estate at the University of Wisconsin-Madison.
The average cost of a house in the portion of the state that runs roughly from Fond du Lac to Green Bay in July was $157,000. The mortgage interest rate was about 4.5 percent, according to Eppli.
“In the state of Wisconsin, housing is really affordable (now),” Eppli said. “You need a job that makes $20 an hour; you could buy an average home in Appleton.”
Would more “skin-in-game” have prevented Lehman Brothers’ collapse?
Noted: Future debt crises may be inevitable, but who pays the piper could mitigate the damage. So says a new paper by Dean Corbae (University of Wisconsin) and Ross Levine (University of California) presented at this year’s Jackson Hole Economic Symposium, “Competition, Stability and Efficiency in Financial Markets” https://www.kansascityfed.org/~/media/files/publicat/sympos/2018/jh080818revised.pdf?la=en, which suggests banks operate more like partnerships, with senior executives having “material skin-in-the game, so that those determining bank risk have a significant proportion of their personal wealth exposed to those risks.”
It’s Getting Harder for International STEM Students to Find Work After Graduation
Noted: The University of Wisconsin-Madison advertises that two of its specialized MBA programs, in operations and technology management and supply-chain management, were the first U.S. MBA programs to earn stem designations. Greg DeCroix, the director of the MBA in supply-chain management, told me in an email, “We are seeing very high-caliber international applicants these past few years—excellent academic credentials and great work experience—and we believe the stem designation has contributed to that.”
Badger Meter CEO Meeusen to retire at end of 2018, be succeeded by Bockhorst
Noted: Prior to Actuant, he held product management and operational leadership roles at IDEX Corp. and Eaton Corp. Bockhorst earned a bachelor’s degree in operations management, marketing and human resources from Marian University and an executive MBA from the University of Wisconsin-Madison.
Touch Anything And Everything
At the University of Wisconsin-Madison and the University of California, San Diego, researchers have gone the extra mile to make advanced backscatter devices, and these new tags don’t need the discrete components we have seen in previous versions. They are calling it LiveTag, and it doesn’t need anything aside from a layer of foil printed or etched on a flexible ceramic-PTEF laminate. PTEF is mostly seen in the RF sector as a substrate for circuit boards.
The Next Marketing Skill You Need To Master: Touch
Noted: Altogether, that means our sense of touch can impact our buying decisions. But don’t take my word for that. Ask Joann Peck, a marketing professor at the Wisconsin School of Business; she’s one of the foremost experts on the study of haptic marketing.
How Studying Business, Engineering in College Can Lead to Jobs
The University of Wisconsin—Madison is exploring ways to incorporate cross-disciplinary content across a school of about 31,000 undergrads, says Suzanne Dove, assistant dean for academic innovations at the university’s Wisconsin School of Business.
Foxconn, UW-Madison partnership will be managed behind closed doors
The University of Wisconsin-Madison and Foxconn Technology Group will manage their new research partnership largely behind closed doors, documents detailing the agreement show.
UW-Madison researchers may receive payment through “cost-sharing” agreement with Foxconn
The current agreements offer options of “cost sharing” in order to encourage new faculty members to join the new institution.
Documents: University deal with Foxconn largely confidential
The University of Wisconsin-Madison and Foxconn Technology Group will manage their new research partnership largely behind closed doors, documents detailing the agreement show.
Why Madison, Wisconsin Attracts More Millennials Than Any Other City
It took me 33 years to make it to Madison, Wisconsin, and I grew up a state away in Michigan. To be fair there is a giant lake between us. Why now? Madison has momentum.
Tonight at 10: Can video games be good for your child?
MADISON, Wis. – Kids and teens spend plenty of time playing video games, but new evidence from the University of Wisconsin-Madison study suggests certain games may be good for their brains.
UW Gets $10 Million Grant to Diversify STEM Faculty
To broaden participation in STEM programs and fields, the National Science Foundation has awarded a five-year, $10 million INCLUDES Alliance grant to be co-led by UW-Madison’s Center for the Integration of Research, Teaching, and Learning (CIRTL) and the Association of Public and Land-grant Universities.
STEM faculty receive $10 million grant to advocate inclusivity and opportunity for undergraduates
The National Science Foundation revealed a $10 million award to boost involvement in STEM programs at UW-Madison. This will also prove as an opportunity to provide underrepresented students with the chance to thrive in the program.
$750,000 grant aims to make Wisconsin a ‘center of excellence’ for biomanufacturing
The University of Wisconsin received a $750,000 grant Friday to establish a biomanufacturing initiative, which officials say will encourage growth in the Wisconsin industry.
EatStreet, a food ordering app, adds delivery service for Wauwatosa and West Allis
Noted: The company, founded in a dorm room at the University of Wisconsin-Madison in 2010, has become a real player in the online food-ordering business across the United States. EatStreet connects diners in more than 250 cities to more than 15,000 restaurants.
Critics see potential of downfall in Foxconn, UW-Madison partnership
Supporters of the partnership between Foxconn and UW-Madison consider it an opportunity to encourage academic research, while critics question the integrity of private funding and safe workspaces.
Monona neutron imaging company Phoenix plans move to Fitchburg
Phoenix, formerly Phoenix Nuclear Labs, was established in 2005 based on research that began at UW-Madison.
Three Milwaukee powerhouses join Foxconn in new venture capital fund
New businesses account for nearly all net new job creation.
New Wisconsin venture capital fund has the potential to be a watershed moment
New businesses account for nearly all net new job creation. That simple fact, supported by research from the Ewing Marion Kauffman Foundation, cuts through all the political rhetoric about building a growing economy, the holy grail of every state or region. Unfortunately, the Milwaukee area has lagged in most measures of entrepreneurial activity in recent years, falling to 33 out of 40 in the most recent rankings from Kauffman, which conducts research and advocates for entrepreneurship.
UW-Madison gets $100 million, tech partnership from Foxconn
The combined $200 million is part of the university’s ongoing $3.2 billion All Ways Forward fundraising campaign. Foxconn’s funding will primarily support a new building for the College of Engineering on the UW-Madison campus, while any facilities related to the FIRST initiative are still to be determined, the representative said, noting that “there is no predetermined list” of university departments that will have access to the interdisciplinary program. Foxconn’s contributions will also help provide opportunities for internships and applied learning in campus labs.
Xconomy: Foxconn Creates $100M Venture Fund With Three Top WI Businesses
Foxconn Technology Group continues to make its presence felt in the Wisconsin business community. The latest move: The Taiwanese contract manufacturer is forming a $100 million early-stage venture capital fund with three of the Badger State’s leading companies and organizations.
UW-Madison to Upgrade Engineering Campus With $100M Foxconn Gift
Foxconn, a leading Taiwanese contract manufacturer constructing a huge electronic display assembly plant in Southeastern Wisconsin, announced a $100 million gift to the state’s flagship public university Monday. The company’s gift to the University of Wisconsin-Madison will support research and development of new technologies statewide, Foxconn said.
Boston Store closes its doors
Noted: UW associate professor and retail expert Hart Posen joined Wisconsin’s Morning News with his analysis. You can hear the full interview below.
Rochester Simon Becomes First B-School With STEM-Certified MBA
Noted: Last year, Duke University’s Fuqua School of Business added to its full-time MBA program a certificate in management science and technology management that allows students to be STEM-certified (see Fuqua Hikes MBA Appeal To Internationals). Two years ago, the University of Wisconsin School of Business gained STEM certification for two specializations–supply chain management and operations and technology management–in its MBA program. And many more schools, including Rochester, boast specialty master’s programs in quant heavy business disciplines that also are STEM certified.
The Closers: Business Schools That Get The Students They Want
Noted: Then, there is Penn State University’s Smeal College of Business. Smeal boasts a 62.8% yield – a percentage that’s 10 points or better than Northwestern Kellogg, Chicago Booth, Dartmouth Tuck, and Michigan Ross. Smeal’s secret? High standards and consistency. Although the program received 62 fewer applications during the 2016-2017 cycle, it managed to enroll two more students. Even more, it raised average GMAT by two points and lowered its acceptance rate by a point to 17.1% – two points better than Wharton, the pride-of-Pennsylvania. The Wisconsin School of Business performed a nearly identical feat. Despite collecting 174 few applications during the last cycle, it still manage to raise yield by 10 points to 61.6%. At the same time, it raised average GMAT by nine points, while maintaining a respectable 30.4% acceptance rate – just four points higher than the previous year.
Foxconn, UW-Madison leaders to make announcement
Leaders of Foxconn Technology Group and the University of Wisconsin-Madison are planning to make what they call a “major announcement” on campus Monday.
Google as an Outdoor Ad Player? The Industry Is Anticipating It
Quoted: If the company entered this market, “Google is going to hands down beat any other player just with the sheer number of advertisers that they already have,” said Paul Hoban, assistant professor of marketing at the University of Wisconsin-Madison’s business school. “They already have the auction mechanism built up from the display ad framework.”
UW System has $24 billion impact in Wisconsin, study shows
The UW System had a $24 billion impact in Wisconsin last year, representing a 23-to-1 return on investment for the state, according to a recent economic study.
UW Grad Runs Moped Company, Talks Benefits of Forward Fest
After graduating from the University of Wisconsin, Brueggeman moved to Beijing, China. While living there, he saw scores of small electric vehicles on the road and how they dramatically affected the way people moved and saw the world.
Madison startup Live Undiscovered Music takes the Pressure Chamber prize
DataChat, founded by UW-Madison computer sciences professor and serial entrepreneur Jignesh Patel, analyzes data to give business leaders the type of information they need to make decisions.
Exact Sciences to build new headquarters in Madison to accommodate growth
Noted: The University Research Park where Exact Sciences is building out its offices is run by a nonprofit corporation with ties to the University of Wisconsin-Madison and houses more than 140 companies.
Can A Video Game Build Empathy? UW Researchers May Have Found A Way
Researchers at the University of Wisconsin-Madison say they’ve developed a video game that can help develop empathy in students.
Girls get crash course in AI and robotics through Maydm summer program
LaShya Washington, an 11-year-old Mendota Elementary School student, sat with a laptop in a classroom in the School of Human Ecology building on the University of Wisconsin-Madison campus on Tuesday afternoon, typing instructions to a robot.
3-D Printer Technology
Interview with Dan Thoma, professor and director of the Grainger Institute for Engineering
5 ways to get off the busy bandwagon and make time for what matters
Noted: Zeratsky moved to Milwaukee with his wife, Michelle Zeratsky, in June and lives on the city’s east side. An alumnus of the University of Wisconsin-Madison, he lived in Chicago and San Francisco, and on his sailboat for eight months, before returning to his home state.
FF native Meloney Linder named UND vice president of marketing and communications
University of North Dakota President Mark Kennedy has appointed Meloney Golombiecki Linder to serve as Vice President for Marketing and Communications. Linder will begin her new duties Sept. 4.
UW Health chooses Oracle Cloud as a major new technology partner
The University of Wisconsin-Madison has signed a new technology partnership with Oracle Cloud for its integrated health system, UW Health.
Weed Legalization Is Tearing This Neighbourhood Apart
But in Denver, pot businesses boosted property values in their host neighbourhoods, according to a report last year from the University of Wisconsin-Madison School of Business. In other words, the business of weed can be both a boon to homeowners and a source of stress on local renters.
Fruit of the vine
Noted: The second-annual event is organized by the UW-Madison Department of Food Science. Enologist and outreach specialist Nick Smith is running the show with help from the Wisconsin Vintners Association, a Milwaukee-based organization for winemakers and enthusiasts that provided volunteers to serve as wine stewards for the competition. They’re busy backstage opening bottles, pouring flights and making sure that the nearly 500 glasses of wine are properly labeled before they’re delivered to the judges.
Madison’s connection to Foxconn
For UW–Madison, most conversations with Foxconn have focused on research and recruiting opportunities. From the College of Letters and Science to autonomous vehicles, Foxconn has expressed interest in drawing on some of UW–Madison’s unique assets. … “I think most people think of Foxconn [as] that place in Racine that’s going to manufacture big-screen TVs and large-scale tech screens, and they have a much broader set of interests than that [which] we’re working on,” says Charles Hoslet, vice chancellor of university relations at UW–Madison relations.
Race against time: UW-Madison team just misses cutoff to run pod through SpaceX hyperloop
With five minutes left on the clock, the University of Wisconsin-Madison team needed to pass two tests in order to qualify for the SpaceX Hyperloop Pod Competition finals.
UW–Madison artificial intelligence tool helps choose New Yorker cartoon captions
Finding the funniest captions for hundreds of cartoons in The New Yorker magazine is not the ultimate application of an artificial intelligence tool developed at the University of Wisconsin–Madison.
WEC Energy bets on solar, wind and natural gas. So, what about coal?
Quoted: “The technology keeps getting better and better — and, the most important thing, cheaper,” said Gary Radloff, who retired this year as director of energy policy analysis for the Midwest at the Wisconsin Energy Institute, a research center at the University of Wisconsin-Madison.
In Wisconsin, Foxconn’s Terry Gou seeks a future beyond Apple
As trade tensions between Washington and Beijing escalate, the chairman of Foxconn Technology Group, Terry Gou, has managed to make the assembler of iPhones seem immune from the bitter tariff war — and he even has become a notable job creator in the U.S. despite the fact that his hardware empire faces mounting challenges at a critical stage.
Want to be a better leader? Learn about yourself
The journey to becoming an authentic and effective leader starts by taking a moment to learn about yourself, says Jamie Marsh, director of BBA Career Services at the University of Wisconsin School of Business. “You must know yourself and what you’re made of to be an effective leader,” says Marsh, who addressed CUNA Management School Monday in Madison, Wis.
2018 MBAs To Watch: Carl Biggers, Wisconsin School of Business
He’s a product geek and fanatic problem solver with a passion for improving efficiency and reducing ambiguity.
The Data Is In: Huge Drop-Off In International MBAs
Interestingly, from last year to this year the same number of schools topped 40% international enrollment: seven … A pair of northern publics, the University of Minnesota’s Carlson School of Management (20.5%) and Wisconsin School of Business (20.2%) were at the low end as well, though in Carlson’s case the total represented aa jump of 4.4 points from last year.
2018 MBAs To Watch: Benjamin St John, Wisconsin School of Business
Q&A with St. John, a 2018 MBA recipient.
Is ‘Doing Time’ Money for Private Prisons?
Noted: Inmates in private prisons appear to serve 4 to 7 percent additional fractions of their sentences, which amounts to 60 to 90 days for the average inmate, according to a paper released by Anita Mukherjee, Ph.D., an assistant professor of actuarial science, risk management and insurance at the University of Wisconsin-Madison’s Wisconsin School of Business.
Start it up: After six years, the entrepreneurial hub StartingBlock is finally ready. Now what?
Quoted: For those who study startups, there are question marks when it comes to the “everything under one roof” model itself. Jon Eckhardt, a startup researcher at the Wisconsin School of Business, said that “there’s an incredible amount of experimentation” happening around the U.S. with startup centers, but not a lot of research on them.
Spurned by Harley-Davidson, Trump courts Foxconn.
Wisconsin’s potential human resource shortage has been a topic of conversation even before Foxconn’s 2017 announcement that it would open the plant; it certainly seemed to be on Walker’s mind in 2015, when he attempted to change the University of Wisconsin system’s mission statement.
SCOTUS Rules On Online Sales Tax
Noted: Hart Posen is a guest.