Keeping alumni and friends connected to U-M

Crystal ball, stock

Forecast 2017

By Greta Guest
.

Telling fortunes

Professors in the Stephen M. Ross School of Business offer some insight and wisdom about everything from cybersecurity to self-driving cars as we prepare to chart a new course in the new year. Read on to learn what our own business experts predict for the near future.

Cybersecurity and privacy

Scary hacker, stockHacks and data breaches continue to make headlines — including during the presidential election — but that hasn’t seemed to worry consumers, or even many policymakers. M.S. Krishnan, the Accenture Professor of Computer Information at Michigan Ross, says that while security breaches haven’t changed consumer behavior, it’s time for a cybersecurity summit. “I’m very worried about the financial infrastructure of the country.” More

Trade

“We are stingy as a country in the way we help workers transition to new jobs and give them a social safety net,” says Marina Whitman, professor of business administration at Ross and professor of public policy at the Ford School of Public Policy. ”Almost all the other industrialized countries are more generous than we are,” she says. Whitman examines questions of international trade and investment and served as chief economist and first female group vice president at General Motors. More 

The economy

Changes in federal economic policy could be on the horizon, but such policy will likely be slow to have an impact on the U.S. economy, says U-M economist Gabriel Ehrlich, and he’s optimistic the economy still has room to grow. Ehrlich is the associate director of U-M’s Research Seminar in Quantitative Economics. Previously, he worked in the financial analysis division at the Congressional Budget Office, where he forecast interest rates and conducted analysis on monetary policy and the mortgage finance system. His academic research focuses on several areas of housing and land economics as well as the effects of wage rigidity on labor market outcomes. More

The auto industry

McityIt’s been a heady couple of years for automotive companies. Sales have soared to record levels (particularly sales of profit-rich pickup trucks and SUVs) as gasoline prices have fallen. But that’s come with a bit of a price. A higher mix of less fuel efficient vehicles means it will be more difficult to meet legislated fuel efficiency targets. Martin Zimmerman, former chief economist at Ford Motor Co., and a clinical professor of business economics and public policy at Ross, takes a look at three stories to watch in 2017: slowing sales, the fight over fuel standards, and new alliances to develop driverless vehicles. More

The environment

Joe Arvai is the Max McGraw Professor of Sustainable Enterprise and director of the Erb Institute for Global Sustainable Enterprise at U-M. He conducts research across a wide range of contexts, including risk management, consumer choice, and policymaking. Arvai is a member of the U.S. Environmental Protection Agency’s Chartered Science Advisory Board and the U.S. National Academy of Sciences’ Board on Environmental Change and Society. More

The media business model

The 2017 election underscored the pressure on today’s news media. There’s a high demand for news from a public with a lower propensity to pay for it — at least with traditional subscriptions. S. Sriram, an associate marketing professor, explains why pooling news personnel might be the way of the future. His research focuses on brand and product portfolio management in several industries, including consumer packaged goods, technology products and services, retail, and newspapers. More

Michigan Ross exteriorBusiness education

Scott DeRue is the Edward J. Frey Dean of the Stephen M. Ross School of Business at the University of Michigan. With a background in private equity, management consulting and academia, DeRue believes that business is the most powerful force for economic and social impact — and it is the responsibility of Michigan Ross to develop the next generation of business leaders. He is an award-winning researcher and instructor, and is widely considered a thought leader in business education and action-based learning. More
 
 
Terry Kosdrosky,  contributed to this story. He is research communications manager at Michigan Ross.

Greta Guest

Greta Guest

GRETA GUEST is a senior public relations representative at Michigan News, the central news service at the University. She handles media relations and outreach for U-M's Ross School of Business, Ford School, and U-M Tech Transfer. Guest writes about faculty research, tech start-up acquisitions, and news from these areas. She also produces Policy Points videos for the Ford School. Guest joined the university in 2012 after a 20-plus year journalism career with writing and editing posts at the Detroit Free Press, the Macomb Daily, the Associated Press, and Werner Publishing in Los Angeles. Her work has appeared in newspapers around the world. A series of her real estate stories won a Society of American Business Editors and Writers best in business award in 2010. She has experience covering politics, business, Detroit's casinos, breaking news of all types, real estate, and retail. Follow her on Twitter: @gretaguest.