Rachel Croson

Last updated

Rachel Croson
CitizenshipUnited States
Alma mater University of Pennsylvania
Harvard University
Spouse(s)David Croson
Children2
Awards Carolyn Shaw Bell Award, 2017
Scientific career
FieldsEconomics
Institutions University of Minnesota
Michigan State University
University of Texas at Arlington
National Science Foundation
University of Texas at Dallas
Wharton School
Doctoral advisor Jerry R. Green
Influences Catherine C. Eckel, Claudia Goldin, Elizabeth Hoffman, Beth E. Allen
Website https://provost.umn.edu/about-evpp/rachel-croson

Rachel Toni Algaze Croson is an economist currently serving as Executive Vice President and Provost of the University of Minnesota. [1] [2] Until March 2020, she served as Dean of the College of Social Science and MSU Foundation Professor of Economics at Michigan State University. She studies bargaining and negotiation as well as public goods provision, and uses experimental approaches to study management. She is known for her mentorship and advice to women in the economics profession, and was the 2017 winner of the Carolyn Shaw Bell Award from the Committee on the Status of Women in the Economics Profession. [3] [4]

Contents

She previously served as Dean of the School of Business at the University of Texas at Arlington; Professor of Economics in the School of Economics, Political and Policy Sciences, Professor of Organizations, Strategy, and International Management, and director of the Negotiations Center at the University of Texas at Dallas. Croson has also served on the board of the Committee on the Status of Women in the Economics Profession, where she was pivotal in developing the mentoring workshops aimed at female junior faculty. She was also an associate professor in the Department of Operations and Information Management at the Wharton School and a member of the Psychology Graduate Group of the University of Pennsylvania, and as a division director for Social and Economic Sciences at the National Science Foundation. [5] [6]

Research

Her research focuses on bargaining and negotiation [7] as well as public goods provision, and uses experimental approaches to study management. She has served on the Editorial Boards of the American Economic Review, Organizational Behavior and Human Decision Processes, Journal of International Business Studies, and Decision and Risk Analysis. Her papers on gender differences in economic behavior have been cited thousands of times. Based on her research, she offers the following advice on negotiation (particularly for women):

Successful negotiation is all about win-win (or what negotiation scholars call integrative solutions). To find win-win solutions, you need to move beyond the parties’ positions (what they say they want) to uncover their underlying interests (what they really want to achieve). This is not easy to do, but if done successfully it can be enormously impactful.

I have two general pieces of negotiation advice. The first is to make promises, not threats. A threat would be “if you can’t match the salary, I’m going to take that other job offer.” A promise would be “if you can match that salary, I will sign a new agreement today.” Promises are framed positively rather than negatively, so they are easier for your negotiating partner to agree to. And they leave you strategic flexibility; if they can’t match the salary you can still sign tomorrow.

The second is to be honest. One should not explicitly lie in negotiations (it invites a lawsuit for fraud). But one should also avoid deception, which may not be fraudulent but is nonetheless unethical. The truth surfaces eventually, and any advantage you may get from deception in the short term is far outweighed by the costs of damage to your reputation in the long term.

Rachel Croson, "Q & A Interview: Dr. Rachel Croson, Dean of the College of Business, UT Arlington" [8]

Selected works

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References

  1. meyer150 (November 13, 2019). "Dr. Rachel Croson Appointed Executive Vice President and Provost". Executive Vice President and Provost. Retrieved February 27, 2020.
  2. "Regents formally approve Rachel Croson as next UMN provost". The Minnesota Daily. Retrieved February 27, 2020.
  3. "Rachel Croson Recipient of the 2017 Carolyn Shaw Bell Award". American Economic Association.
  4. University, Michigan State. "MSU dean honored for championing women in economics". MSUToday. Retrieved December 5, 2017.
  5. University, Michigan State. "Rachel Croson recommended as dean of MSU's College of Social Science". MSUToday. Retrieved November 8, 2017.
  6. "The University of Texas at Arlington names Rachel Croson as dean of its College of Business". Dallas News. November 12, 2012. Retrieved December 5, 2017.
  7. "How to Negotiate with a Liar". Harvard Business Review. Retrieved December 5, 2017.
  8. "Dean Rachel Croson, Economic & Academic Powerhouse". Plaid for Women. Retrieved November 8, 2017.