Experience Stern | News & Events

Excerpt from Computer Weekly -- "At the Demandware Xchange 2015 conference in Las Vegas, Galloway claimed the Apple Watch signals a nail in the coffin of the wearables market, because everything people can do on a wearable they can do on their phone.According to Galloway the Apple Watch is the deathblow to the overestimated wearables market, because the current conception of wearables is just an extension of your phone that does not add much additional value."

Excerpt from Financial Times -- "The most recent US downturn was so painful because US households’ borrowing binge in the first half of the 2000s left them stuck repaying large debts (often against assets that had plunged in value) and unable to spend money on new goods and services that they actually wanted... A fascinating new paper by Xavier Giroud and Holger Mueller argues that many US companies went through a similar experience, and that this made the downturn about twice as worse as it otherwise would have been."

Excerpt from The Economist -- "Holger Mueller and Thomas Philippon, of New York University’s Stern Business School, suggest that family companies tend to have better labour relations than other firms. They keep their workers for longer and can call on deeper reserves of loyalty."

Excerpt from The Economist -- "Financial assets indicate how society values time. However, not many assets exist for very long but finite time periods... This is a problem when thinking of things far into the future—such as the long-term economic impacts of climate change... New research by Stefano Giglio, Matteo Maggiori and Johannes Stroebel of Chicago, Harvard and New York Universities tries to get around this problem. They exploit a quirk in the British and Singaporean real-estate markets... With this, the three economists can estimate the discount rate used to value very long-term assets."

Excerpt from TIME -- "Putin’s place on this year’s list comes thanks to his gravity-defying ability to confront the West in ways that boost his popularity in a country suffering through an economic meltdown for which his own policies are largely responsible. No leader arouses more fascination around the world, because his actions speak a language of defiance that so many of his people want to hear, lifting him to levels of popularity that other leaders can only envy."

The NYU Stern Center for the Globalization of Education and Management and the Center for Global Enterprise will host "Global Business Models for Speed and Scale," a conference on globalization and business, April 16-17.
 

Excerpt from NPR -- "Economides says the biggest complaints against Google are coming from American companies, especially Microsoft, which was once itself a target of antitrust regulators in both Europe and the U.S. Economides says it's possible that U.S. regulators could still take action against Google. He says they're probably watching the European case very closely."

Excerpt from The Week -- "The second is charter cities, the brilliant idea by the development economist Paul Romer to create new 'Hong Kongs' in the world's poorest areas. Just as British governance in Hong Kong enabled millions of Chinese to escape Communist poverty — and eventually helped lead the Chinese Communist regime to reform, lifting hundreds of millions more out of poverty — this could be repeated across the world's poorest areas."

Companies should think twice before adopting data-driven management tools designed to spark friendly competition among employees, say NYU Stern Professors Steven Blader and Claudine Gartenberg and Columbia University Professor Andrea Prat in their new research paper, “The Contingent Effect of Management Practices.”

Excerpt from Nightly Business Report -- "In general, I would say that most of the activism that’s out there that goes beyond the monitoring of the CEO to make sure that they’re not engaging in kind of self-interested behavior tends to be value-destroying, because for the most part, there’s no way that those activist investors have got better information about how to run the company than the CEO does. If they really have better information, then the board should be firing the CEO and bringing in somebody new."

Excerpt from BBC -- "The law is stricter in the European Union... It's significantly stricter as to what defines... dominance. In the United States, people would say dominance requires 65% or more market share. Well, in the European Union, it may be 50, it may be even 40. So, that's a big difference. In the particular case we have in mind here, that doesn't really matter that much because Google has 90% market share in search in Europe. Therefore, the issue is not so much whether it's a dominant firm or not. It's more of the issue whether the particular allegations are seen by the Europeans as much more anti-competitive than by the Americans."

Excerpt from Vogue India -- "A non-profit, Uplift rehabilitates orphans and juvenile delinquents across India by delivering vocational training alongside a range of 'soft skills' to hundreds of (as he dubs them) at-risk youths. Ever the multitasker, Patel, who has his sights on a career in management consulting, just unveiled Uplift's fifth location in Delhi."

Excerpt from Bloomberg -- "When faced with plunging household demand, leveraged firms 'do not (or cannot) raise additional external finance' they write in the paper. 'Instead, high-leverage firms reduce employment, close down establishments, and cut back on investment.'"

Excerpt from TIME -- "In the next few days, the Senate will begin debate on one of the most important questions it will answer this decade—whether to grant the President 'trade promotion authority' (TPA), also known as “fast track.” This move would give President Obama and his successors the authority to place trade agreements before Congress for a simple up-or-down vote, denying lawmakers the chance to filibuster or add amendments to the deal which change its rules."

Excerpt from Quartz -- "Many world-class brands, such as Hermès and Christolfe, are constantly introducing ever-more exclusive clubs to ensure that their customers feel a consistent, heightened sense of 'specialness.' 'The irony but also allure about [these] clubs is that no one knows the exact list of clients (other than the corporate staff), but also no one can ask to be allowed into the club,' writes Thomaï Serdari, a professor of marketing at New York University’s Stern School of Business in an email to Quartz. Serdari is the editor of Luxury: History, Culture, Consumption.. 'In other words, one may be a member without knowing it.'"

Excerpt from The Wall Street Journal -- "Managers are giving employees more information about their performance, and some are sharing information about how different workers stack up. But sometimes, a bit of data can be a dangerous thing. That is the finding of a new working paper from researchers at Columbia University and New York University, who studied a friendly competition among truckers at a large North American logistics firm and found that, in certain work environments, revealing performance data can backfire."

The Center for Communication is partnering with the NYU Stern School of Business, NYU Tisch School of the Arts and the NYU Cinema Research Institute to host a panel discussion on cutting-edge concept in the filmed entertainment business as well as strategies for success in this ever-changing industry on Tuesday, April 14.

Students, administrators and faculty from across NYU convened in Paulson Auditorium at NYU’s Stern School of Business this April for a panel discussion entitled, “Beyond Deep Breaths: Transforming the Workplace Through Mindfulness.”

Excerpt from Strategy + Business -- "The company’s prowess is closely tied to the capabilities that it has built over time: industry-leading operational effectiveness, sophisticated sharing of knowledge throughout the enterprise, long-term customer and community relationship development, construction-oriented innovation, and the development of sustainability initiatives."

Excerpt from Bloomberg View -- "Haidt’s basic finding is simple. Throughout history, human beings have operated under five sets of moral commitments: avoidance of harm, fairness, loyalty, authority and sanctity. Conservatives recognize all five, but liberals recognize only the first two."

Excerpt from MSNBC -- "Well, it's bold and gutsy, and I love that. And what we're dealing with here, often, is unintentional bias. Those things aren't going to go away by us just hoping they do. We need bold and gutsy experiments, and I think that's what this is. This is an experiment. What I want to see her do is track the data and what I want to see the next CEO do that's bold and gutsy is something even crazier. I want to see them mandate that everybody negotiate. That would be a really interesting direction. Instead of mandating that nobody negotiate, what would happen if we said everybody needs to make the case?"

Excerpt from The Manila Times -- "There are so many dimensions we can learn from 'coopetition,' a buzzword coined by Adam Brandenburger and Barry Nalebuff to harness the positive energy from the symmetry between competition and cooperation."

Excerpt from The Wall Street Journal -- "We really inherited a world where the United States’ standing was seriously diminished. To me, the thing that she did most effectively was to lead the administration’s efforts to restore U.S. leadership. And that continues to be an important part of her legacy."

Excerpt from The New York Times -- "'A lot of commerce begins with Google and has for the last decade,' said Arun Sundararajan, a professor at the New York University Stern School of Business. 'They have converted this into an incredibly profitable advertising business. But I’ve seen them make steps to get closer to the actual retail process.'"

Excerpt from TIME -- "The fight against al-Shabab in East Africa is a regional effort. With 3,664 people deployed, Kenya provides fewer personnel to the UN-backed African Union Mission in Somalia than Uganda, Ethiopia or Burundi do. Yet it is Kenya that has borne the brunt of al-Shabab’s attacks outside Somalia. Since 2012, the group has killed over 600 people in Kenya."