Experience Stern | News & Events

The NYU Stern Berkley Center for Entrepreneurship and Innovation will welcome alumni, angel investors, venture capitalists, entrepreneurs and industry innovators to the 2015 New Venture Showcase and Reception on February 25.

Excerpt from Forbes -- "The Harvard Business School Case, El Bulli: A Taste of Innovation, provides business lessons from the way Ferran Adria innovates (the Catalan chef, thought by many to be the most creative chef in history) and it truly changed my life. Ferran’s methods inspired both my book, Catalyzing Innovation and innovation program for global executives, Inventours™, and it made me far more observant of how others innovate across industries, wherever I go. Given how much I learned by studying Ferran, I thought learning how the best 'mixologists' innovate could yield similar insights, given the art and entertainment form inventive craft cocktails have become."

Excerpt from CKGSB Knowledge -- "[Economides's] models suggest that even small network effects can help a good company realize high profits, more sales and greater profits, and the stronger the effect, the more likely that the company will be able to achieve a monopoly position. 'If we have a network, we will see a lot of inequality among companies, which means that some people are going to make a lot of money,' he says."

Excerpt from BusinessBecause -- "Offered jointly by Stern and NYU’s law school, the course covered topics such as bitcoin as an investment and the trading of bitcoin, and the legal and regulatory treatment of the currency. It ran from September to December 2014. 'We are exploring a new technology that raises interesting questions about the nature of money and how that is likely to change in the future,' said David Yermack, a finance professor at Stern who created the course with law school professor Geoff Miller."

Excerpt from Bloomberg -- "It's a great time to be a writer, someone who's trying to greenlight a script. There's going to be more original scripted series this year than, I think, in the history of television. It's just not a great time to be in the business of selling eyeballs on an ad-supported model. HBO, great business. Netflix, great business. Amazon media might be a great business. Trying to get a ton of people to show up and then selling commercials to beer companies, that's going to be a difficult business."

Excerpt from WIRED -- "'Having a greater business in Ireland would certainly help Apple make a case to the European Commission that a larger fraction of their operations are based in the country in which they have this tax deal,' says Arun Sundararajan, professor of information, operations, and management sciences at NYU’s Stern School of Business."

Excerpt from Poets & Quants -- "Advanced Professional Certificate students are to take 15 units, a quarter of the number required for an MBA, on a part-time basis, in MBA classes that have capacity. Each student will follow one of three tracks: finance, marketing, or general business. 'The finance track could quickly empower people who didn’t major in finance in college, but who now work in the industry, with a broader perspective that helps them excel in their function,' says Isser Gallogly, assistant dean of MBA admissions. 'Liberal arts majors can combine the fundamentals of marketing with the latest thinking in analytics and digital through the marketing track. Entrepreneurs without a business degree can customize the handful of business courses they want to take in the general business track. Others with an MBA may want to delve into a new area of interest.'"

NYU Stern Professor and Nobel Laureate Robert Engle delivered the inaugural “Gallatin Lecture Series on Banking,” the first in a series of four lectures jointly hosted by NYU Stern and The Clearing House.

Working professionals who want to build knowledge quickly in a specific area to refresh or supplement their expertise can now apply to take graduate-level courses at NYU Stern through new non-degree Advanced Professional Certificate (APC) programs.

Excerpt from Poets & Quants -- "This past week, New York University’s Stern School of Business announced a new scholarship program. It will give 10 low-income undergraduate students the opportunity to attend Stern without incurring the burden of debt for the next four years. Alumnus Leonard R. Stern has donated $5.75 million to fund the new Leonard R. Stern New York City scholarship program aimed at high-achieving low income high school students in the city."

Excerpt from Project Syndicate -- "Properly targeted public investment can do much to boost economic performance, generating aggregate demand quickly, fueling productivity growth by improving human capital, encouraging technological innovation, and spurring private-sector investment by increasing returns. Though public investment cannot fix a large demand shortfall overnight, it can accelerate the recovery and establish more sustainable growth patterns."

Excerpt from Bankrate.com -- "'Safety and soundness is probably improving because banks are being increasingly required to do less risky things,' says Smith, but many of the regulatory changes made to accomplish that could end up actually harming the ability of major banks to survive over the long term."

Devon Pike, president of Givenchy US and former CEO of De Beers, North America, joined MBA students and alumni for a 2014-2015 Langone Speaker Series event, presented by U.S. Trust. 

On February 20, 2015, the social enterprise student organizations of New York University’s Leonard N. Stern School of Business, School of Law, and Robert F. Wagner Graduate School of Public Service will host the Fifth Annual NYU Social Innovation Symposium (SIS).

A collaborative group comprising faculty and deans from business and law schools, as well as other leaders in business, law and the nonprofit sectors, convened at NYU this February to engage in a discussion about “Corporate Political Accountability: The Importance of Educating Future Business Leaders Beyond Citizens United.”

Excerpt from MediaPost -- "Craig and co-authors William Greene and Anthony Versaci (of AIG) analyzed 62 wide-release films over a six-month period. Among the top factors that led to increased online buzz were the film’s budget, its genre (horror and action do better than other genres) and whether the film is a sequel or not. 'This goes to show that studios do not have to remain passive bystanders, but can become actively involved in managing consumer engagement online,' Craig says. 'Similarly, studio executives can get an early read on its prospects.'"

Excerpt from Bloomberg -- "New York Fashion Week didn’t used to be as public an affair. Traditionally, designers would show off their garb to buyers, who would write orders. 'Now it’s an opportunity for a brand to present their stuff in a controlled environment,' Scott Galloway, who teaches marketing at New York University’s Stern School of Business, said on Bloomberg Television Tuesday. 'It’s all with the hope that well-heeled attendees will take a ton of pictures and spread it to a much broader audience.'"

Excerpt from Forbes -- "We can only expect localization demands to increase—and business pressures to pull in the opposite direction. While the political dynamics have shifted, companies should still have respect for human rights—and the strength of the global Internet—at the forefront of decisions over where to store their data."

Excerpt from Bloomberg -- "I think that the Greek government will have a hard time convincing its voters that it didn't give in, but that is, in my opinion, a minor issue. The major issue is for Greece not to go bankrupt again, not to leave the euro... this is the major issue. So, it's crucially important for the Greek government to compromise and then find a way to sell it to its voters."

Excerpt from Reuters -- "'Our agenda is not to surprise markets,' Fed Governor Jerome Powell said on Wednesday at New York University. 'It is to be as clear and transparent as possible, to keep our framework out there, and let markets understand where we're going."

Just in time for the Oscars, Professors C. Samuel Craig and William Greene of the NYU Stern School of Business, and co-author Anthony Versaci of AIG, are releasing a new study demonstrating that online buzz prior to a film’s release is a good indicator of its future box office success. The authors contend that movie studios are in a position to use “e-buzz” to their advantage by adjusting advertising budgets and marketing strategies in real-time to increase the film’s likelihood of success.

Excerpt from Bloomberg View -- "I know there are those who argue that value is in the eye of the beholder, and that any price can be justified if there are other investors who perceive an investment to be worth that amount. That is patently absurd. Perceptions may be all that matter when the asset is a painting or a sculpture, but you buy financial assets for the cash flows that you expect to receive."

On February 18, the NYU Stern Center for Global Economy and Business, led by Professor Kim Schoenholtz, welcomed Jerome Powell, member of the Board of Governors of the Federal Reserve System, for a discussion and Q&A session.

Excerpt from Bloomberg -- "Typically, bloggers bring a couple things. They bring an authenticity, a new voice and they usually bring a younger audience... No brand ever says, 'We have too many 18-30 year old fashionable thought leaders.' You never hear a brand say that, 'Oh, we need more 75 year olds.' You don't hear that a lot. So you [fashion blogger Danielle Bernstein] bring an audience, an authenticity, and also, you bring a business model. You're leaner and meaner."

Excerpt from Fast Company -- "Arun Sundararajan, a professor at NYU, has argued that many parts of the sharing economy could self-regulate, with oversight from the government, the way that nuclear power plants do."