Experience Stern | News & Events

Excerpt from Retail Dive -- "You always walked into the store because you saw them as an authority that would help you. Today that authority has become YouTube, or it’s your friend. All you’re really doing is trying to confirm what your mind has already made up."

Excerpt from Poets & Quants -- "'I would not be able to put a price on the network I have built at NYU Stern. I think most MBA students would agree, your classmates are the most valuable part of this experience. I have met some truly high caliber people through NYU Stern and made some lifelong friends.' - Christopher Costello. 'In my time at Stern, I’ve worked on projects for companies across a multitude of industries, helped plan a national conference for Reaching Out MBA (ROMBA), and studied abroad at the London Business School. Each experience has shown me just how much I can stretch myself in a multitude of capacities and further confirmed the importance of being able to work with a wide range of individuals.' - Andrew Kwan"

Excerpt from The Africa Report -- "A new report by NYU-Stern titled 'Made in Ethiopia: Challenges in the Garment Industry’s New Frontier; found that factory workers earn $26 per month, by far the lowest wage in the world. It’s an appallingly low figure, even by the already low-wage standards of the global garment industry."

Excerpt from Marketplace -- "I think it's really interesting to see how proactive LVMH has been in taking a stand and addressing the issue [of culturally insensitive designs] from the inside out with the acquisition."

Excerpt from The Washington Post -- "'If Uber cannot deliver profits over time, it spells real trouble for the gig economy,' said Aswath Damodaran, a professor at New York University’s Stern School of Business. 'They have not demonstrated that they can do all the things they want to do and also do it profitably — so the scrutiny of public markets will certainly be a big first test for them.'"

Excerpt from The Washington Post -- "One hopes this fear is overblown and that the clothing firms will make a long-term commitment not only to cheaply sourced goods but also to supporting a strong Ethiopian economy in which workers are protected."

At the conclusion of an eight-month competition, NYU’s most promising innovators received cash prizes and pro-bono startup services valued at more than $300,000 at NYU Stern’s annual Entrepreneurs Challenge, organized by the School’s W. R. Berkley Innovation Labs. 

On Friday, May 10, NYU Stern's Fubon Center for Technology, Business and Innovation will host a fireside chat titled "Politics, AI and 5G" featuring Huawei CTO Paul Scanlan in conversation with NYU Stern Professor Arun Sundararajan.

At the conclusion of an eight-month competition, NYU’s most promising innovators received cash prizes and pro-bono startup services valued at more than $300,000 at NYU Stern’s annual Entrepreneurs Challenge, organized by the School’s W. R. Berkley Innovation Labs. 

Excerpt from City Journal -- "As New York works to improve the response times of its emergency medical professionals, it should conduct a borough- or neighborhood-wide pilot of United Rescue’s program—testing whether the service effectively complements EMS, and planning to scale it up if it works. If United Rescue can do for New York what it has done on a smaller scale for Jersey City, it will save lives and promote the volunteerism that can strengthen communities across the city."

Excerpt from TIME -- "Your job is to find something you’re good at, and after ten thousand hours of practice, get great at it. The emotional and economic rewards that accompany being great at something will make you passionate about whatever that something is."

Excerpt from Business Insider -- "While eco-friendly features like recyclable or compostable packaging 'used to be a nice-to-have, it's now a must-have.' If a brand over-packages today, they're 'incredibly vulnerable to being seen as out of touch,' according to Adamson."

Excerpt from the Financial Times -- "With his colleagues Derrick Wirtz and Dale Miller [Kruger] replicated the longstanding findings that college students believe you should trust your first answer in a multiple choice question, and yet that switching to a second answer tends to improve your grades."

Excerpt from CNBC -- "I certainly agree with the call for creating a new tech regulatory agency, there is some damage to Facebook from Zuckerberg's voting control. But I think spinning off WhatsApp and Instagram is not really going to solve the core issue that Facebook's business model -- optimizing advertising revenue -- is at odds with a lot of other societal objectives, and simply splitting Facebook up into WhatsApp and Instagram and Facebook is not going to solve that problem."

Excerpt from Knowledge@Wharton -- "Companies compete for our limited attention by creating products that are impossible to resist."

Excerpt from Bloomberg -- "I think this is a liquidity event for the early investors... [i.e.] cashing out your investments in the early rounds. So, they're taking advantage of [the fact that] this is a pricing game, rather than a valuation game for Uber. You tell a good compelling story and then you fetch the highest price possible. That is what's happening here."

Excerpt from BBC -- "We shouldn't just be too pessimistic about what can be done. Individuals can do a lot, even in deprived communities—maybe especially in deprived communities, if other firms have just not bothered to go in there."

Excerpt from Seeking Alpha -- "One is struck by the sharp drop in the 2018 revenue growth rate (42%). True, following a fast growth period, a certain slowdown is expected, but this 2018 slowdown seems a bit early in Uber's game. The quarterly revenues confirm the slowdown - third and fourth quarters 2018 and first quarter 2019 (estimated) revenues were rather flat: $2,944 million, $2,974 million, and $3,075 million (mid high-low), respectively. Is competition taking its toll or is it the constant push-back from cities and taxi drivers? In any case, Uber's road ahead surely appears challenging."

Excerpt from Bloomberg -- "'The trillion dollar valuation will come if they can spend the next five to 10 years getting to that place where more is spent on Uber than on any other form of transportation,' Sundararajan said. 'The trouble is that’s going to require keeping investors at bay who are putting pressure on Uber to deliver earnings.'"

In their paper titled, “Empirical Analysis of Referrals in Ride-Sharing,” the authors find that marketers can determine customers’ likelihood of delivering high-quality referrals based on cues from the customer’s usage of the platform. 

Excerpt from Yahoo -- "'I’d be curious of how they project to increase that price over time. Because they’re going to use that [price] to try and get a big number of subscribers, and over time they’ll probably pivot and start to increase the mind.'"

Excerpt from Bloomberg -- "The tax on digital ads creates an incentive to go back to a subscription model that many online firms use where people know what they pay and then compare it to what they get back. The tax I propose could also be progressive so that you pay a higher tax if you combine two firms."

Excerpt from Luxury Daily -- "'Luxury brands have come to realize that they are competing in a global market and need to address customers of various cultural backgrounds,' said Thomaï Serdari, brand strategist and professor of luxury marketing at New York University and coeditor of 'Luxury: History Culture Consumption,' New York."

Excerpt from CareerAddict -- "Students graduate with a BSc in Business, of which accounting is one of 13 study streams; as well as learning the necessary accounting principles to progress towards CPA status, the school also encourages undergraduates to co-major in a related discipline, such as investment banking, corporate financial management or securities markets."

Excerpt from Associated Press -- "'The government's eagerness to attract foreign investment led it to promote the lowest base wage in any garment-producing country — now set at the equivalent of $26 a month,' according to the authors of the report, Paul M. Barrett and Dorothée Baumann-Pauly."