Experience Stern | News & Events

Excerpt from eCampusNews -- "Arun Sundararajan is Professor of Information, Operations and Management Sciences at NYU. If you are interested in the intersection of social media, online privacy and ed-tech startups, you should follow Arun’s Twitter feed for opinionated commentary and curated content."

Excerpt from Yahoo! News -- "At the same time, however, the government is putting the squeeze on the very same banks it wants to ease up on lending standards and provide more credit to businesses and consumers, to help boost spending and growth. 'Banks are not providing the support we need for the economic recovery,' says Smith. 'There may be a political value to punishing the banks for reckless behavior, but there has to be some sense of political closure on this.'"

Excerpt from San Francisco Chronicle -- "Arun Sundararajan, a New York University business professor who specializes in changes wrought by digital technology, said the new nomenclature makes sense. 'My impression is they don't want to be thought of as a site for generic menial labor, and want to communicate that you can find skilled people on TaskRabbit,' he said. 'The word "rabbit" doesn't conjure up highly skilled workers; it may have hurt them because they're not leveraging the pool of talent they have painstakingly acquired.'"

Excerpt from Bloomberg -- "I think a lot of it's semantics. I think wearables is going to be huge, but I think this [the smartphone] is going to be your wearable. I think that you're going to get a lot of health devices and a lot of tracking on here... I'd put this right up there with mass customization and 3D printing as some of the things the media seems to be much more excited about... the performance is not living up to the promise yet."

Excerpt from Knowledge@Wharton -- "David Yermack, finance and business transformation professor at New York University’s Stern School of Business, notes that critical to the survival of a cyber-currency is government support. 'I am skeptical that any form of money will be successful if it is not backed by a sovereign government. Without this sort of foundation, a currency really cannot be a form of property because it cannot be pledged as collateral, foreclosed upon, reassigned in bankruptcy and so forth,' he says. 'This will make it unattractive in a wide range of commercial settings.'"

Excerpt from The Huffington Post -- "'If you keep people really, really busy, what will happen is that the scope of what they can attend to will narrow down. They'll get really focused on the next couple of days or the next few weeks or the next quota,' Schilling said. 'You want them to think about the forest -- you don't want them to get so caught up in the trees that they can't see the forest anymore.'"

Excerpt from CNBC -- "'I really think SnappyScreen is going to be the next big thing for sunscreen application. We're not only going to make this easier for people but really provide something that is going to help the epidemic of skin cancer,' McClellan said."

Excerpt from The Japan Times -- "Asker’s data showed the extent to which productivity is positively correlated to sales is different from company to company. However, 'the important message is that companies should be doing everything they can to maximize productivity,' he said."

Excerpt from The Wall Street Journal -- "'These guys have established quite a lot of credibility,' said Alexander Ljungqvist, a professor of finance and entrepreneurship at New York University's Stern School of Business who has written about short sellers. 'Investors clearly are taking them seriously,' he said."

Excerpt from The Wall Street Journal -- “In the 20th century, what had been for the rich got offered to ordinary people,” noted financial historian Richard Sylla of New York University’s Stern School of Business. He expects selling by aging Americans to be offset by buying from fast-growing developing countries and says that free international capital flows have been among the biggest advances of the past 125 years."

Excerpt from Marketplace -- "There are successful businesses that sell just one product. But most are in markets where it’s easy to predict demand - like steel. So, says J.P. Eggers, an assistant professor of management and organization at NYU’s Stern School of Business, 'They are, in general, able to deeply understand what their customers are after, deliver what they want, how they want it, at the price that they want it.' But there are plenty of stores that sell mostly cupcakes. Eggers says it’s unlikely they’ll all go away. He says when the cupcake bubble burst, Crumbs found itself with some odd store locations."

Excerpt from Financial Advisor magazine -- "'It's not easy to create value,' said Roy C. Smith, professor of finance, international business and management practice at New York University's Stern School of Business and a former general partner at Goldman Sachs & Co."

Excerpt from Forbes India -- "If you are an investor, you have to make your own judgement. The key to success is not whether you can invest like Warren Buffett, but whether you have an investment philosophy that you are comfortable with."

Excerpt from Environment & Energy Publishing -- "'The idea is to remind the consumer or educating about this industry's positive spillover effects on the society, like job creation, clean energy, etc.,' Erdem said. The education effort can't hurt if industry investments 'may result in even higher electricity charges. ... They don't want a backlash from the consumers so they want to prepare the ground for that.'"

Excerpt from The Huffington Post -- "'This suggests that we may be able to boost our own levels of motivation and performance by either forming rivalries or harnessing the ones we already have,' study researcher Gavin Kilduff, of NYU's Stern School of Business, said in a statement. 'It might also get us to think about whether other individuals in our lives may view us as their rivals.'"

Excerpt from Barron's -- "SMAs tend to be smaller than public funds -- $152 million being the median SMA size in the study -- allowing their managers to remain nimble when trading. They also have fewer, more sophisticated, and wealthier clientele. 'The median number of investors in our sample of separate accounts is 12, and they're large ones,' says Martin Gruber, who co-authored the study with Edwin Elton and Christopher Blake. 'So money managers are dealing with each customer on a more personalized basis. If investors are going to withdraw money, the manager can do a lot of planning with them in advance and change his positions in their portfolios accordingly.'"

Excerpt from Wine Spectator -- "'For me, the highlights of the trip were lunches at Pichon Baron, where I got to have a wonderful chat about the wine biz with AXA managing director Christian Seely, at Phélan Ségur, where we were just blown away by their hospitality and the wines, and then of course dinner at Châteaus Palmer and Lafite,' said Adam Teeter, a team member on NYU Stern."

Excerpt from Bloomberg Businessweek -- "Securing a foothold in a few major cities could help ease Uber’s way in places that are trying to shut it down. And the company’s public political battles may turn out to be useful in attracting new customers and supporters. In the end, argues Arun Sundararajan, a professor at New York University’s Stern School of Business, 'The more they sort of popularize themselves, the stronger their argument becomes.'"

Excerpt from The Huffington Post -- "Political ideology plays a role in shopping behavior, according to Vishal Singh, a marketing professor at NYU’s Stern School of Business who has studied the topic. Singh’s research shows that conservatives are more likely to pick more established name brands over generics and are slower to adopt new products. They also tend to favor domestic over foreign beers. These trends are consistent with attitudes associated with conservatism, such as being skeptical of new experiences, Singh said."

Excerpt from NPR -- "I think what's striking about this particular wave of changes that we're seeing... is that they're affecting familiar services that we're used to and familiar real-world asset-based services: point-to-point accommodations, short-term transportation, dining, probably, in the future, healthcare and energy, and I'm struck by the characterization of these platforms as being equivalent to a scam because I sort of see them as... important future engines of economic growth."

Excerpt from NPR -- "'The idea that things are built on top of government infrastructure or are taking advantage of public resources for profit isn't anything new,' he says. 'A lot of the capitalist economy is built on government infrastructure.' Telephone carriers and private garages build their businesses on top of public resources. If a mobile app can efficiently transfer something as small as a parking spot, Sundararajan says, that's innovation."

Excerpt from The New York Times -- "The increase could also be the result of interest in the auction itself, said David L. Yermack, a professor at New York University’s Stern School of Business. 'Just the fact that there was such broad demand would tend to push up the value of Bitcoin,' he said."

Excerpt from The Wall Street Journal -- "Because most B-school applicants come from the working world, the personal statements help admissions officers understand why a candidate is pursuing a particular path, said Isser Gallogly, Stern's assistant dean of M.B.A. admissions."

Excerpt from Harvard Business Review -- "Much of my investigation centered on flat-panel computer displays. I examined company and product data for 55 firms from the 1980s through the 2000s. Initially, companies pursued either plasma screens or liquid crystal displays. LCDs turned out to be the right call, but several firms with an early focus on plasma, including IBM, ended up as the top LCD performers. Why? I believe that switching to a new technology often forces companies to rapidly ascend a steep learning curve, and they can then use their knowledge to beat competitors whose learning proceeded more slowly."

Excerpt from Foreign Affairs -- "Recent advances in technology have created an increasingly unified global marketplace for labor and capital. The ability of both to flow to their highest-value uses, regardless of their location, is equalizing their prices across the globe. In recent years, this broad factor-price equalization has benefited nations with abundant low-cost labor and those with access to cheap capital. Some have argued that the current era of rapid technological progress serves labor, and some have argued that it serves capital. What both camps have slighted is the fact that technology is not only integrating existing sources of labor and capital but also creating new ones."