2021 Innovation Issue: Kim and Todd Saxton on the myths of disruption
We often hear people talk about the “first-mover advantage.” In reality, academic research suggests the opposite. First movers rarely reap all the benefits of their disruption. In
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2021 Innovation Issue: When the chips are down, manufacturers scramble
A global semiconductor shortage, driven in large part by pandemic-related factors, is forcing many central Indiana manufacturers and distributors to broaden their supply base and forecast their needs longer term, along with hoping for federal aid from the president’s infrastructure proposal.
2021 Innovation Issue: Lilly’s disruptive model opens doors to women, minorities
For more than a century, Eli Lilly and Co. has pushed for innovation in the pharmaceutical industry. But six years ago, the drugmaker had to admit it was less than innovative in its own workforce.
2021 Innovation Issue: Brian Payne, Pamela Ross call for commitment to end systemic racism
The most important example of CICF’s innovative approach to community philanthropy is its journey toward equitable opportunity for all and dismantling systemic racism.
2021 Innovation Issue: KAR Global wants to be the disruptor, not the disrupted
When the pandemic hit last spring, KAR Global had little choice but to shut down its in-person, wholesale auto auctions, which had been the publicly traded company’s backbone for years. But within two weeks, the Carmel-based company was back up and running—with 100% remote auctions. So how did KAR make it happen?
2021 Innovation Issue: Tumultuous year jolts diversity efforts into overdrive
Shaken by protests and social unrest in cities across the country in 2020, employers in particular ramped up diversity commitments within their organizations.
2021 Innovation Issue: ‘This is the most traction I’ve ever seen’
Tamara Cypress—of Black Onyx Management, Indy Black Businesses Matter and Indy Accomplice—discussed with IBJ the progress that’s been made on equity and inclusion problems and the challenges that still exist.
Purdue plans vaccine cash drawing as IU faces policy critics
Purdue’s “Old Golden Ticket” drawing makes students who submit proof of a COVID-19 vaccination by July 15 eligible for one of 10 prizes paying $9,992. That is the equivalent of a year’s undergraduate tuition.
Travel numbers climb as Americans hit the road for holiday
Americans hit the road in near-record numbers at the start of the Memorial Day weekend, as their eagerness to break free from coronavirus confinement overcame higher prices for flights, gasoline and hotels.
State reports 571 new COVID-19 cases, 13 more deaths
The state said 2.49 million Hoosiers have been fully vaccinated against COVID-19. More than 2.63 million had received the first dose of a two-dose vaccination.
Milo leaving state job to launch entrepreneurship center for women, minorities
Blair Milo, who in 2017 was named the state’s first secretary of career connections and talent, will step down June 7, Indiana Gov. Eric Holcomb announced Friday.
U.S. consumers boosted spending in April as inflation surged
The April gain was led by a 1.1% rise in spending on services, the sector that covers airline travel, hotels and restaurants—areas that were devastated by the pandemic-caused shutdowns a year ago.
CEO pay at public companies rises even as pandemic ravages economy
The median pay package for a CEO at an S&P 500 company hit $12.7 million in 2020. That’s 5% more than the median pay for that same group of CEOs in 2019.
IndyCar courts Black fans, drivers in its push to diversify
Much like NASCAR dealt with its own racial reckoning last year, IndyCar is moving to create a more diverse workforce throughout all levels of a series that has had just two Black drivers race in the Indy 500, its showcase annual event that dates to 1911.
2021 Forty Under 40: Kate Maxwell
Kate Maxwell is the chief technology officer for worldwide defense and intelligence at Microsoft, where she helps national-security customers modernize their processes, tools and operations through technology.
Purdue startup signs key deal to distribute augmented reality educational products
Explore Interactive CEO Amanda Thompson said the partnership should accelerate the adoption of MindLabs products worldwide, “enabling us to nurture young learners everywhere.”
Wayne Gretzky rookie card smashes record with $3.75 million sale
The photo for Gretzky’s rookie card was taken just weeks after he left the Indianapolis Racers, where the 17-year-old phenom played eight games (including home games at Market Square Arena) before his contract was sold to the Edmonton Oilers.
Senate eyes R&D bill to counter China, bolster chip manufacturing
What started as a pragmatic effort to boost scientific research has morphed into sweeping bill aimed at making the U.S. more competitive, including $50 billion in emergency funds to shore up domestic computer chip manufacturing.
Despite capacity limits, Indy 500 to be largest sports event of pandemic
Indianapolis Motor Speedway worked with the Marion County Public Health Department to determine that 40% of venue capacity will be allowed.
Indiana University reviewing vaccine mandate amid criticism
Nearly all Republican members of the Indiana Senate on Thursday joined the criticism of IU’s policy in a letter to university President Michael McRobbie.