Carol M Connell
Professor, Faculty Director of Assurance of Learning
Business Management
Location: 502s Whitehead Hall
Phone: 718.951.5326
Fax: 718.951.4385
Email:
Carol M. Connell is professor of business management in the Koppelman School of Business. She is an Earhart Foundation Research Scholar and the author of Reforming the World Monetary System: Fritz Machlup and the Bellagio Group, published in November 2012 by Routledge, London. She earned an Institute for New Thinking in Economics (INET) grant in 2012 for her research into Monetary Reform and the Bellagio Group, published as a five-volume set of essays and annotated letters in April 2014 by Routledge, London. Dr. Connell earned a Tow Professorship in 2014-2015 for her research into Planning for Crisis: Strategy and Management Theory and the Impact of Economic Uncertainty.
Education:
Ph.D., University of Glasgow - 2002 (Strategic Management)
M.B.A., Columbia University Business School - 1992 (Management, Marketing)
Areas of Expertise:
Firm theory, strategic growth and global business environment.
Books and Publications
CM Connell, C Lemyze, WL McGill (2020, accepted). The Persistent Link between Growing Talent and Growing the Top Line: Lessons from Fast-Growing Firms in the COVID-19 Recession, Organizational Dynamics (in press), OnlineFirst link: https://authors.elsevier.com/a/1cIQOKXUhq9ik. (Books and Publications: Article (Peer-reviewed)) 2020
CMConnell, CLemyze, WL McGill (2020, accepted). Firms that Prosper in all Weathers: Surviving Recessions and Plagues, Journal of Business Strategy. Emerald Insight: https://www.emerald.com/insight/content/doi/10.1108/JBS-10-2020-0247/full/html (Books and Publications: Article (Peer-reviewed)) 2020
Connell, C. and Lemyze, C. "Alchemy is not Magic: Key Tenets of Growth Strategy Revisited", Organizational Dynamics, 49(2), 1-7. [Note: a version of this article was published as a first onliine article in October 2018), https://doi.org/10.1016/j.orgdyn.2018.10.003 Ranking: A (Australian Business Deans List) (Books and Publications: Article (Peer-reviewed)) 2020
Connell, C. (2019), "Women CEOs on making strategy happen", Strategic Direction, Vol. 35 No. 7, pp. 1-4. https://doi.org/10.1108/SD-09-2018-0184. Ranking:C (Australian Business Deans List) (Books and Publications: Article (Peer-reviewed)) 2019
Connell, C. and Lemyze, C. The Growth Oxymoron: Strategic Execution. Strategic Direction, retrieved from https://doi.org/10.1108/SD-09-2018-0194. Ranking: C (Australian Business Deans List) (Books and Publications: Article (Peer-reviewed)) 2019
"Machlup and Hayek", Hayek: A Collaborative Biography: Part XV: The Chicago School of Economics, Hayek's 'luck' and the 1974 Nobel Prize for Economic Science (Archival Insights into the Evolution of Economics) Ed. R. Leeson. London: Palgrave Macmillan, volume 8. ISBN: 978-3-319-95219-2. (Books and Publications: Book Chapter) 2018
Monetary Reform and the Bellagio Group: Selected Papers and Letters of Fritz Machlup, Robert Triffin and William Fellner. London: Routledge, 2014. ISBN: 9781848933934
https://www.routledge.com/products/9781848933934 (Books and Publications: Forthcoming Publications) 2014
"Fritz Machlup and the Bellagio Group: Solutions to Liquidity, Adjustment and Confidence Problems and Their Opportunity Costs." Quarterly Journal of Austrian Economics 16.3: 255-298. Ranking: C (Australian Deans List) (Books and Publications: Forthcoming Publications) 2013
Reforming the World Monetary System: Fritz Machlup and the Bellagio Group. Financial History Series. London: Routledge. ISBN: 9781848933606
https://www.routledge.com/products/9781848933606 (Books and Publications: Forthcoming Publications) 2013
"Government and Firm Duopoly in Economic Growth?",Global Business Research Journal 6 (4): 77-84.
(Books and Publications: Article (Peer-reviewed)) 2012
"Reviving Confidence." Journal of the History of Economic Thought 34.3: 293-320.
Ranking: B (Australian Deans List) (Books and Publications: Article (Peer-reviewed)) 2012
"Building Community in Professional Education: Team Learning by Design." Transformative Spaces: Designing Creative Sites for Teaching and Learning in Higher Education. Ed. Judith Summerfield. New York: Springer. (Books and Publications: Book Chapter) 2011
"Did Confidence Kill the Triffin Plan?" Global Conference on Business and Finance Proceedings 6 (2), 662- 667 and International Review of Finance and Business Case Studies 2 (1): 79-88. (Books and Publications: Article (Peer-reviewed)) 2011
"Framing World Monetary System Reform: Fritz Machlup and the Bellagio Group Conferences." PSL Quarterly Review 64.257: 143-66. (Books and Publications: Article (Peer-reviewed)) 2011
"Reforming the World Monetary System--How Fritz Machlup Built Consensus Among Business Leader and Academics Using Scenario Analysis." Journal of Management History 17.1: 50-65.
Ranking: A (Australian Deans List) (Books and Publications: Article (Peer-reviewed)) 2011
"George Shackle." Booms and Busts: An Economics Encyclopedia. Ed. Mehmet Odekon. New York: M.E. Sharpe. (Books and Publications: Book Chapter) 2010
"Hyman Minsky's Financial Instability Hypothesis." Booms and Busts: An Economics Encyclopedia. Ed. Mehmet Odekon. New York: M.E. Sharpe. (Books and Publications: Book Chapter) 2010
"William John Fellner." Booms and Busts: An Economics Encyclopedia. Ed. Mehmet Odekon. New York: M.E. Sharpe. (Books and Publications: Book Chapter) 2010
"Absolute Advantage." Encyclopedia of Business in Today's World. Ed. Charles Wankel. Thousand Oaks, Calif.: Sage Publications. (Books and Publications: Book Chapter) 2009
"Dependency Theory." Encyclopedia of Business in Today's World. Ed. Charles Wankel. Thousand Oaks, Calif.: Sage Publications. (Books and Publications: Book Chapter) 2009
"Deregulation." Encyclopedia of Business in Today's World. Ed. Charles Wankel. Thousand Oaks, Calif.: Sage Publications. (Books and Publications: Book Chapter) 2009
"Economic Integration." Encyclopedia of Business in Today's World. Ed. Charles Wankel. Thousand Oaks, Calif.: Sage Publications. (Books and Publications: Book Chapter) 2009
"Intra-firm Transfer." Encyclopedia of Business in Today's World. Ed. Charles Wankel. Thousand Oaks, Calif.: Sage Publications. (Books and Publications: Book Chapter) 2009
"Method, Structure and Argument in Edith Penrose's Theory of the Growth of the Firm." Review of Political Economy 21.4: 549-66. Ranking: B (Australian Deans List) (Books and Publications: Article (Peer-reviewed)) 2009
"Nationalization." Encyclopedia of Business in Today's World. Ed. Charles Wankel. Thousand Oaks, Calif.: Sage Publications. (Books and Publications: Book Chapter) 2009
"New Trade Theory." Encyclopedia of Business in Today's World. Ed. Charles Wankel. Thousand Oaks, Calif.: Sage Publications. (Books and Publications: Book Chapter) 2009
"Scenario Planning." Encyclopedia of Business in Today's World. Ed. Charles Wankel. Thousand Oaks, Calif.: Sage Publications. (Books and Publications: Book Chapter) 2009
"Strategic Alliance." Encyclopedia of Business in Today's World. Ed. Charles Wankel. Thousand Oaks, Calif.: Sage Publications. (Books and Publications: Book Chapter) 2009
"Trade Balance." Encyclopedia of Business in Today's World. Ed. Charles Wankel. Thousand Oaks, Calif.: Sage Publications. (Books and Publications: Book Chapter) 2009
"Women and Work." Encyclopedia of Business in Today's World. Ed. Charles Wankel. Thousand Oaks, Calif.: Sage Publications. (Books and Publications: Book Chapter) 2009
"Firm and Government in Penrose's Process Theory of Growth: Implications for the Resource-Based View and OLI." Australian Economic History Review 48.2: 170-194. Ranking: B (Australian Deans List) (Books and Publications: Article (Peer-reviewed)) 2008
"Discerning a Mentor's Role: The Influence of Fritz Machlup on Edith Penrose and the Theory of the Growth of the Firm." Journal of Management History 13.3: 228-39. Ranking: A (Australian Deans List) (Books and Publications: Article (Peer-reviewed)) 2007
"Fritz Machlup's Methodology and the Theory of the Growth of the Firm." Quarterly Journal of Austrian Economics 10.4: 300-12. Ranking: C (Australian Deans List) (Books and Publications: Article (Peer-reviewed)) 2007
"Pursuing Three Horizons of Growth--Three Cases: Bombardier (Canada), Disney (US) and Hutchison Whampoa (China)." Strategic Direction 23.3: https://doi.org/10.1108/sd.2007.05623cad.001 (Books and Publications: Article (Peer-reviewed)) 2007
"Managing Risky Business: the case of Jardine Matheson & Company" Handbook of Business Strategy 7.1: 161-67. (Books and Publications: Book Chapter) 2006
"Shaping the Legal Environment for Business." Business History 46.2: 192-219. Ranking: A (Australian Deans List) (Books and Publications: Article (Peer-reviewed)) 2006
"Transformation of a Business in Risk: Learning and Knowledge for Reinvention." Management Decision 42.9: 1176-98. Ranking: B (Australian Deans List) (Books and Publications: Article (Peer-reviewed)) 2004
A Business in Risk: Jardine Matheson & Company and the Hong Kong Trading Industry. Connecticut: Greenwood/Praeger. (Books and Publications: Book (Authored)) 2004
"The Role of an External Organization in a 19th-Century Trading Firm." Enterprise & Society 4.10: 99-138. Ranking: A (Australian Deans List) (Books and Publications: Article (Peer-reviewed)) 2003
Awards, Honors and Fellowships
Koppelman School of Business Special Recognition Award for Service Impact (Awards and Honors) 2021
Award for Excellence in Academic Outcomes Assessment (Awards and Honors) 2019
Koppelman School of Business Research Award (Awards and Honors) 2019
Leonard and Claire Tow Professorship, 2014-15. (Grants and Fellowships) 2014
Institute for New Economic Thinking (INET) grant, for "Monetary Reform and the Bellagio Group: Selected Letters and Papers of Fritz Machlup, Robert Triffin and William Fellner." Carol M. Connell and Joseph T. Salerno (Lubin School of Business, Pace University), co-principal investigators. 2013-14. http://ineteconomics.org/grants. (Grants and Fellowships) 2013
School of Business High-Impact Research Award. (Awards and Honors) 2013
Earhart Foundation Research Fellowship, for "Fritz Machlup and the Bellagio Group." (Grants and Fellowships) 2011
Earhart Foundation Research Fellowship, for "Fritz Machlup and the Bellagio Group." (Grants and Fellowships) 2009
Alfred P. Sloan Foundation Grant for the "Institutionalization of Asynchronous Learning Networks in CUNY." $3,000, specifically for the development of a course in critical thinking in business policy and strategy for CUNY Online. Aug. 28-Dec. 15. (Grants and Fellowships) 2007
Conferences, Seminars and Symposiums
"Creating a Culture of Assessment," sponsored by AACSB and the Educational Testing Service. Panelist with representatives from Tulane and the U.S. Coast Guard Academy. (Conferences, Seminars and Symposiums: Conference Presentation) 2021
"Planning for Crisis - Strategy and Management Theory and the Impact of Economic Uncertainty", HES Annual Conference, Fuqua School of Business, Duke University, June 17-21. (Conferences, Seminars and Symposiums: Conference Presentation) 2016
"The institutionalization of crisis response: From theory to business school to business practice," WINIR Institiutional Theory Conference, September 2-5, 2016, Boston, MA. (Conferences, Seminars and Symposiums: Conference Presentation) 2016
Connell, CM. 'Strategy and Management Theory on Crisis', New York State Economics Association Conference, SUNY-Farmingdale. (Conferences, Seminars and Symposiums: Conference Presentation) 2016
"Evolution of an Argument: How Banca Nazionale del Lavoro became Ground Zero for Monetary Reform." Workshop on Philosophy, Politics and Economics. George Mason University. Fairfax, Va., Sept. 25. (Conferences, Seminars and Symposiums: Invited Talk) 2014
"Working Paper: The Economist as Strategist: Robert Triffin and the Plan for Europe -- Regional Versus International Approaches." Duke University Center for the History of Political Economy Workshop. April 5. (Conferences, Seminars and Symposiums: Conference Presentation) 2013
"The Bellagio Group: Fritz Machlup's External Organization for Examination, Knowledge Sharing and Reform of the World Monetary System." Session on Knowledge Creation Outside of Academia, History of Economics Annual Conference. Notre Dame University. (Conferences, Seminars and Symposiums: Conference Presentation) 2011
"Why Economists Disagree: Fritz Machlup and the Bellagio Group." Workshop, Center for the History of Political Economy, Duke University. (Conferences, Seminars and Symposiums: Invited Talk) 2011
"Why Economists Disagree: A Case Study in Consensus Building." Colloquium on Markets and Processes. New York University. New York, Oct. 18. (Conferences, Seminars and Symposiums: Invited Talk) 2010
"Learning and Knowledge for Reinvention--Jardine Matheson's First 200 Years." Best Paper Prize, Irish Academy of Management, Trinity College, Dublin. (Conferences, Seminars and Symposiums: Conference Presentation) 2004
Jardine Matheson's External Organization for Risk Reduction and Learning, Published Best Papers of the Proceedings, Academy of Management, Colorado. Carolyn Dexter Award Nominee. (Conferences, Seminars and Symposiums: Conference Presentation) 2002
Professional Leadership
Assurance of Learning Steering Committee, chair (2020-2021) (Professional Leadership: Committee Service) 2021
Faculty Director of Assurance of Learning, Koppelman School of Business - Brooklyn College
(Professional Leadership: Organizational Leadership Position) 2021
Liaison, School of Business, Academic Assessment Council (Professional Leadership: Committee Service) 2021
Member, FC Undergraduate Curriculum Committee (Professional Leadership: Committee Service) 2021
PSC CUNY Grant Reviewer (Professional Leadership: Committee Service) 2021
Strategic Planning Committee, chair (2019-2021) (Professional Leadership: Committee Service) 2021
Member, Dean, School of Business Search Committee (2019-2020) (Professional Leadership: Committee Service) 2020
Chair, School of Business Promotion & Tenure Committee (2015-Spring 2019) (Professional Leadership: Committee Service) 2018
Member, editorial review board, Managerial and Decision Economics (Professional Leadership: Committee Service) 2018
Organizer, Department of Business Management Advisory Board (2015-2018) (Professional Leadership: Committee Service) 2018
Organizer, Department of Business Management Advisory Board - Created and organized events focused on the talents and networks of advisory board members for student audience. (2015 through 2018). (Professional Leadership: Committee Service) 2018
Organizer, Department of Business Management Advisory Board - set up and recruited advisory board members and organized meetings with students and faculty. (Professional Leadership: Committee Service) 2015
Member, editorial review board, Business History. (Professional Leadership: Committee Service) 2014
Editor, Modern Heterodox Economics, a new series of monographs, published by Pickering & Chatto. Keynesian, Evolutionary and Austrian economists, broadly defined, offer different interpretations and different solutions to the problems facing the world economy. There is a very active stream of research and publication in these camps and a growing interest in relating macroeconomic issues to the growth of the firm. Modern Heterodox Economics brings together the expertise of an editorial board of active Keynesians, Austrians, strategists and firm theoreticians to address the problems facing the world economy, who will seek out titles that examine the interdependencies or cast new light on thinkers whose work requires re-examination.
http://www.pickeringchatto.com/component/content/article/36-series/1703-modern-heterodox-economics. (Professional Leadership: Organizational Leadership Position) 2013
Dean's Advisory Committee on International Fellowships. (Professional Leadership: Committee Service) 2009
Department representative, Faculty Council. (Professional Leadership: Committee Service) 2009
Member, Facilities Planning Committee. (Professional Leadership: Committee Service) 2009
Member, Foundations of Excellence, Transfer Student Initiative. (Professional Leadership: Committee Service) 2009
Mentor, Presidential Scholars Program. (Professional Leadership: Committee Service) 2009
Other Professional Activities
Work with members of Educational Testing Service on proposed changes to comparative Assessment Reports.
Presented KSB Comparative Assessment workbook. 2021
Member, editorial review board, Management Decision. 2006
