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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."

Excerpt from Bloomberg -- "The expert group on infrastructure is comprised of Stijn Van Nieuwerburgh, a professor of finance at New York University’s Leonard N. Stern School of Business, Richard Stanton, a professor of finance and real estate at the Haas School of Business, University of California, Berkeley and Leo de Bever, a former Bank of Canada official and pension fund executive."

On Friday, April 10, Stern's Entrepreneurs Exchange club (EEX) will host "EEX Engage."

Excerpt from Reuters -- "Of the world’s 12 largest banks, only Wells Fargo and Goldman Sachs generated returns above their cost of capital last year, according to an analysis in Financial News by Roy Smith and Brad Hintz, professors at NYU Stern School of Business."

Excerpt from Forbes -- "[Galloway] and his team at NYU Stern have developed an algorithm that looks at more than 800 data points across four dimensions—site, digital marketing, social and mobile—and across 11 geographies. They applied this algorithm against 1,300 brands, thus providing the basis for predicting winners and losers."
 

NYU Stern's Center for Business and Human Rights will host a lecture and Q&A session with Sir Mark Moody-Stuart on the key themes of his book, Responsible Leadership, on April 9.

Excerpt from TV Finland -- "The American economy is very large. Exports and imports have increased as a fraction of the economy, but compared to a typical European country, compared to many emerging markets countries, the American economy is more closed. I don't think that this large depreciation is sufficiently significant for the big American economy to cause a recession."

Excerpt from The Guardian Nigeria -- "By analyzing the product characteristics (short versus long life), customer population (degree of heterogeneity or diverse makeup), and the size of the donor’s budget, Taylor and Xiao found that for long shelf life products, such as ACTs (with a 24 to 36-month life from the factory to expiration), donors should only offer a purchase subsidy. In contrast, if a product has a short shelf life, a sufficiently large donor budget and a diverse customer population, it is optimal to offer a sales subsidy in addition to a purchase subsidy."

Excerpt from Financial Times -- "'You can buy something for half a million, not show a passport and ship it. Plenty of people are using it for laundering,' Mr Roubini, a passionate art collector, told a panel hosted by the FT at Davos in January."