Experience Stern | News & Events

Excerpt from Forbes -- "Grand Street Dental exemplifies a thorough and classic approach to marketing, design, and innovation, normally utilized by large companies. What I found so extraordinary and more importantly, what patients will be impressed with and want to spread virally, is the unusual level of patient experience empathy at every point that a brand impression can be made."

Excerpt from Cosmopolitan -- "You're less likely to break a big bill, a study in the Journal of Consumer Research found."

Excerpt from the Harvard Business Review -- "Our analysis showed that the less successful retailers had continued to chase growth by opening new stores far past the point of diminishing returns. By contrast, the successful retailers had drastically curtailed expansion and instead relied on operational improvements at their existing stores to drive additional sales. This allowed them to increase revenues faster than expenses, which had a powerful positive impact on earnings."
 

Excerpt from Ethical Systems -- "Stern, with its location in the world’s financial center, and its award-winning faculty and students who are focused on finance, can play a unique role in addressing the structural problems of shareholder capitalism and the Center for Sustainable Business can assist the transition to a capitalism better suited to the needs of the 21st century. The moment is right because a growing number of business leaders such as Paul Polman at Unilever, John Mackey at Whole Foods and Larry Fink at BlackRock are questioning the benefits of short-termism and are turning to their broader purpose in society. These business leaders need research, networks and employees who can help them on this journey and CSB can be a key partner."

Excerpt from Quartz -- "Ghose recommends that Apple should 'partner with some of the local app developers so that the content and features are customized to the Indian market' and take a page out of Amazon’s playbook to license deals with major movie and music studios for digital content."

Excerpt from Poets & Quants -- "Peter Henry, dean of the NYU Stern School of Business, endorses the 'team of rivals' approach: 'Seek out people and perspectives that challenge your viewpoint and way of thinking,' he says. 'Some of the best ideas come from embracing difference.'"

Excerpt from The Wall Street Journal -- "At the RBI, Mr. Acharya will be in charge of monetary policy and research, according to a statement issued by the central bank. The role has been overseen by R. Gandhi–another of the four deputy governors–since September when the then-Deputy Governor Urjit Patel was promoted to governor to succeed Mr. Rajan."

Excerpt from Scientific American -- "Psychologists have known for some time, thanks to work led by Nira Liberman from Tel Aviv University and Yaacov Trope from New York University, that goals look different in the distant versus near future. Three months ago, when you booked your holiday travel, you probably had some abstract notions of 'family togetherness,' 'relaxation,' or 'adventure.' The night before you left, however, you probably had some more immediate concerns in mind. Concerns like, 'How is all this stuff going to fit in the suitcase?' and 'Will I be able to get an Uber driver at 4:45 AM?'"

Excerpt from the Japan Times -- "Arun Sundararajan, a professor researching the sharing economy at New York University’s Stern School of Business, noted the industry’s potential in his keynote speech at the summit. 'Japan has a huge advantage in growing in sharing economy because it seems that there is a fundamentally high level of trust in society within groups,' he said."

Excerpt from the Financial Times -- "Although it was too early to determine what the economic consequences of Brexit would be, 'we should look at it in a much more self-confident way than either side is approaching it at present', Lord King added."

Excerpt from The Christian Science Monitor -- "That’s probably an anomaly – globalization isn’t going into reverse, says Pankaj Ghemawat, who directs the Center for the Globalization of Education and Management at New York University. But 'globalization is still in the doldrums,' says Mr. Ghemawat via email. 'It is clearly not advancing like it was before the financial crisis, but it has not (at least not yet) collapsed.'"

Excerpt from CBC News -- "Salomon said while no one knows what Trump will do, his best guess is that NAFTA will be tweaked, not trashed. 'If he wants to rip it up, Canada will bear the consequences as well. But I hope that Trump sees the broader value of NAFTA and works to renegotiate elements of it, rather than rip it up entirely.'"
 

Excerpt from the Associated Press -- "Do you remember what Pat Nixon or Laura Bush wore? She has the ability to hold the interest of the consumer in a way that almost no one else does. I've looked far and wide — Kate Middleton, Carla Bruni. Nobody begins to approach Mrs. Obama on this."

Excerpt from The Guardian -- "Latin America has 31% of the world’s fresh water, the largest of any region. Since fresh water appeared to be plentiful, up until recently governments hadn’t focused on freshwater conservation or investment in water infrastructure, and communities weren’t educated about how to protect their water supply, says Tensie Whelan, director of New York University’s Center for Sustainable Business."

Excerpt from the Economic Times -- "To be quite honest, 2% to 2.5% is the long term growth and I do not see growth in the US economy going to 6% or 7%. It is not that kind of economy. 3.5% is really a good year and 1% is a bad year and 2.5% is the middle. That is why when I said earlier that Asia has got to provide that extra growth, the US economy is not capable of providing 6%, 7%, 8% growth. It is a mature economy. So 2.5% might become 3% or 3.25% but I do not see it jumping going forward even if good things happen."

Excerpt from LinkedIn -- "[Sundararajan's] excellent analysis is appropriately sceptical at times about whether there is anything virtuous about this sort of 'sharing', and sets out with great clarity why regulators need to keep a close eye on what is going on and why the potential implications for workers may require new policies and institutions to manage the insecurities of eking out a living in the 'gig economy' of Uber World."

Excerpt from Seeking Alpha -- "German Gutierrez Gallardo and Thomas Philippon, in their paper "Investment-Less Growth: An Empirical Investigation" published this month by NBER do exactly that. The authors 'analyze private fixed investment in the U.S. over the past 30 years.' First, the authors establish that indeed, 'investment is weak relative to measures of [firm] profitability and valuation - particularly Tobin's Q, and that this weakness starts in the early 2000s.' In other words, whilst firms remain profitable, they simply do not reinvest their profits at the same rate today as in the 1990s."

Excerpt from The New York Times -- "As David Yermack, a professor of finance at New York University, noted, Michelle was also a bonanza, generating $2.7 billion in a single year for the companies she showcased."

Excerpt from the Financial Times -- "In areas roughly related to my work, I was really interested in Robert Gordon’s The Rise and Fall of American Growth. I hadn’t really seen the bits of this story pulled together in a narrative arc before. It ends with speculation, which has attracted criticism, but this book is an important antidote to some of the naive optimism about technology. When it talks about what happens to jobs in the age of automation, it also lays out the agenda for what happens next."

Excerpt from The Atlantic -- "In Jonathan Haidt’s book The Righteous Mind: Why Good People Are Divided by Politics and Religion, he explained that within the United States, members of the educated upper-middle class are outliers when it comes to their intuitions about morality, and that there is more to morality as many practice it than concerns about harm and fairness. Later, while sketching alternative foundations of moral concern, he writes about sanctity and degradation, and the human relationship to disgust."

Excerpt from Bloomberg View -- "Many people have criticized macroeconomics over the years, especially since the financial crisis. But perhaps none have done so as forcefully as Paul Romer, the new chief economist of the World Bank. Romer takes his fellow macroeconomists to task for failing to reconcile their theories with reality, and accuses them of acting more like a religion than a science."

Excerpt from Bloomberg -- "The Bank of Japan used to have a very poor policy arrangement. They did not aim at keeping prices stable. They encouraged the sustained deflation. But today's Bank of Japan is the most aggressive monetary policymaker on the planet. They've been doing more than virtually any other central bank to restore inflation expectations of about 2%. The problem for them is that it hasn't worked well."

Excerpt from MIT Sloan Management Review -- "'Once everyone was speaking the same language vis-à-vis skills,' says Horton, 'we could build a bunch of new features without having to do lots of machine learning to figure out what people were talking about. This kicked off a more general attempt in the company, named "Project Babel" to find important unstructured data and then structure it.'"

Excerpt from The New York Times -- "'I think he would be controversial — former Treasury secretaries have been top bankers and businessmen or lawyers and they were well-recognized top leaders in their professions,' said Prof. Richard Sylla at the Stern School of Business of New York University, whose research focuses on financial history and economics. 'But Mnuchin wasn’t that famous as a Goldman Sachs guy, and probably not even as a hedge fund guy, so why is he there? Well, he took the job of raising money for Trump.'"

Excerpt from Inc. -- "'Small businesses are disproportionately vulnerable to these events,' says Ari Ginsberg, professor of entrepreneurship and management at New York University's Stern School of Business. He notes that small businesses are plentiful, but that diversity can make corralling their economic might tough. 'Larger corporations have ways of muffling these events but small businesses don't.'"