Experience Stern | News & Events

Excerpt from Reuters -- "...the mission of making factories safe in Bangladesh isn’t even close to done. The Accord and Alliance will not continue indefinitely. The Alliance plans to wrap up its work by the end of 2018. The Accord will renew its mandate every six months, but only through mid-2021. At some point, the factories that the two initiatives have overseen will return to the supervision of the Bangladeshi government, which is notorious for having ignored death traps like Rana Plaza and Tazreen Fashions, where a November 2012 fire killed 112."

Excerpt from i24 -- "I think that is what Trump actually wants, he doesn't want the collective agreements but he wants the individual agreements so he wants individual agreements for the United States and the rest of the world and various countries are also trying to make individual agreements with each other. In this game of individual agreements, the large players are more likely to win and the large players are the United States, China, and some countries in the European Union."

Excerpt from Pensions & Investments -- "Accounting professors Baruch Lev and Feng Gu observed in 'The End of Accounting' (John Wiley & Sons, 2016) that over the past 40 years, the investment rate in physical capital fell by 35% while the investment rate in intangible assets grew by almost 60%."

Excerpt from Poets & Quants -- "In his quest to use operations management, machine learning, and marketing to leverage data and make effective business decisions, NYU Stern’s Srikanth Jagabathula has received four “best paper” awards, a career award from the National Science Foundation, and he serves as associate editor for Management Science, the top scholarly journal for his field."

Excerpt from PBS NewsHour -- "We’re proposing a Bangladeshi-led international task force that would use a concept known as shared responsibility to raise funds and see that they are spent properly on safety improvements in those factories that have not been reached so far."

Excerpt from the Thomson Reuters Foundation -- "'Western consumers are the beneficiaries of the cheap clothes produced in Bangladesh. Therefore, it is incumbent on western brands and retailers, as well as western governments, to step up to the plate,' Posner said."

Excerpt from Nikkei -- (Translated from Japanese using Google Translate) "[It was former GE chairman and CEO Jack] Welch’s strong influence which made GE able to keep various businesses with a low level of relatedness to each other (and which made investors overlook the inefficiencies caused by such a structure)."

Excerpt from The New York Times -- "Research has shown that we humans are generally pretty awful at assessing our own competence and abilities, which in turn leads us to overestimate them — a phenomenon called the Dunning-Kruger Effect."

When choosing which charities to donate to, individuals will prioritize personal preferences, even when presented with more effective donation alternatives, according to new joint research from Professor Alixandra Barasch. 

On April 23,  NYU Stern Executive Education will host a fireside chat featuring Professors Tensie Whelan and Robert Salmon. 

In this program, we will examine best-practices related to the business use of social media and digital marketing.

Excerpt from the Economic Times -- "'The main hurdle these Indian firms face is explaining their USP (unique selling proposition) to clients,' says Anindya Ghose, professor, New York University’s Stern School of Business. 'Take Grey Orange, for example. The space it is competing in (advanced robotics systems for automation at warehouses, distribution and fulfilment centres) is getting crowded.'"

Excerpt from Bloomberg Quint -- "'This is a company which spends $9 billion in content; and if they keep doing it, they will go bankrupt,' he told BloombergQuint in an interview. Damodaran, who has studied Netflix valuation, said he didn’t know what binge watching TV was, until he learnt it from Netflix. By changing the way the game is played, Netflix has made it look like it can win, he said. 'The danger though is, in the process of winning the market, it might actually destroy itself as a business.'"

Excerpt from CBC News -- "'I have absolute confidence that the Model 3 production problems will be solved and that it will be a successful car,' says Melissa Schilling, business professor at New York University's Stern School of Business and author of Quirky: The Remarkable Story of the Traits, Foibles, and Genius of Breakthrough Innovators Who Changed the World."

Excerpt from NPR -- "I think fundamentally it's about very poor management on the part of Wells, and it really raises the question, are these big banks too big to manage effectively?"

Excerpt from CGTN -- "Sylla said the Trump administration’s focus on tariffs is about politics. Much of Donald Trump’s base consists of people who have been negatively impacted by globalization. But Sylla said retraining and social assistance programs are the solution – not tariffs. 'If we actually get into a trade war, despite what President Trump says nobody really wins a trade war,' said Sylla."

Excerpt from WDET -- "When our lives are made very slightly easier or better in some way, we will use whatever that technology is, even if ultimately it does us some kind of harm. In the case of Uber, we’re spending a lot more money that we might have spent using a different mode of transportation because the experience is so easy and seamless and it works. There’s this national movement #DeleteFacebook and there’s all these celebrities, tweeting of course, pictures of themselves."

Excerpt from CNNMoney -- "There's a huge trend towards healthier options, and the definition of "healthy" also has changed,' said Tulin Erdem, a professor of marketing at NYU's Stern business school. 'What the juice industry has to adapt to is sugar,' she added."

Excerpt from the Financial Times -- "Starbucks’ actions — responding quickly, making its chief executive visible, engaging widely and pledging action — were a 'textbook case study on how to handle a crisis', says Scott Galloway, a marketing professor at New York University’s Stern School of Business. 'Can you imagine Facebook closing its service for a day to examine all the content?'"

Executives from the ASEAN region convened in New York for a weeklong program on globalization, innovation, entrepreneurship and leadership.

Excerpt from The New York Times -- "'The Wells activities are so egregious, they are unique,' said Lawrence J. White, a professor at New York University’s Stern School of Business. 'I don’t think this tells us one way or the other about the future direction of the C.F.P.B.'"

Excerpt from The New York Times -- "Until eurozone countries like France, Greece, Italy and Portugal 'have done enough fiscal austerity so that public debt is sustainable, and do enough reform so that their potential growth approaches that of Germany,' Berlin will hesitate, he added. At the same time, Mr. Roubini said, Mr. Macron has made some important fixes in France, increasing market flexibility, taxing some pensions and cutting the budget deficit."

Excerpt from Der Bund -- (Translated from German using Google Translate) "Investors seem to have forgotten the risks until recently... If there is a slowdown or even a growth stop, the powder keg will explode."
 

Excerpt from BusinessBecause -- "NYU Stern has a wide array of classes that prioritize sustainability, due in no small part to the school's Center for Sustainable Business, which further bolsters the school’s resources by helping to make sustainability a core part of the program’s mission. Furthermore, the Stern Campus Greening Initiative has helped to make the school’s buildings themselves environmentally friendly."

Excerpt from BusinessBecause -- "While students are demanding an ethical curriculum, business schools are demanding MBA candidates who will become ethical leaders. NYU’s Stern School of Business in New York last year changed its admissions process to find candidates with empathy so that they can contribute to peer-learning. 'We are hoping it also helps us in terms of making sure they fit into our culture,' says Isser Gallogly, associate dean of MBA admissions at NYU Stern."