Experience Stern | News & Events

Excerpt from MEL -- "Michael North, professor of management at New York University’s Stern School of Business, says this attitude is common—in both love and business. As ghosting requires zero effort, it’s an easy way out of an inherently awkward interaction. But this cowardice always reflects poorly on a company’s reputation, not just an individual’s. 'As we teach in business and in psychology, avoidance is rarely an effective long-term strategy for any kind of conflict or awkward situation,' he says. 'In fact, it almost always backfires in the long run.'"

Excerpt from the Washington Post -- "Sundararajan added it's also possible that Uber's long-term plan was never to unseat the major firm in Russia but to eventually squeeze itself into a partnership. 'In retrospect it may be that this was the strategy all along,' he said. That kind of deal making could allow the company to direct its resources toward costly and ambitious goals, such as building an autonomous fleet of on demand cars, rather than subsidizing price cuts against a stronger competitor, he said."

Excerpt from Fashionista -- "I think there has now come a time where consumers are looking to move into the opposite direction; in other words, they're not happy any longer with a global identity, and they’re looking for more interesting, nuanced types of stories that can be appealing. I think from a macro perspective, we see the entire market shifting from globalization to a more intense localization."

Excerpt from Forbes -- "Many aspects of the building are great for motivating teams to want to do their best work. Employees say they feel privileged to work there. I would too! Desigual means 'unequal' in Spanish: a good descriptor for the asymmetric design that’s the brand’s hallmark. The brand, through its design sensibility, makes customers feel unique and a little quirky in a good, colorful way that enables them/us (I’m one) to express our own identities."

Excerpt from the Financial Times -- "Scott Galloway, professor of marketing at the NYU Stern School of Business, said Snap is the 'most overvalued company'. 'It is being crushed by a competitor with more engineers, more capital and more management,' he said. 'People were hoping that Snap would be the Facebook of video, but the Facebook of video is Facebook, specifically Instagram Stories.'"

Excerpt from the Washington Post -- “'The U.S. Environmental Protection Agency is in the early stages of launching a debate about climate change that could air on television — challenging scientists to prove the widespread view that global warming is a serious threat,' Reuters’ Valerie Volcovici reports. '[EPA Administrator Scott] Pruitt said his desire for the agency to host an ongoing climate change debate was inspired by two articles published in April — one in the Wall Street Journal by theoretical physicist Steve Koonin, who served as undersecretary of energy under Obama – and one by conservative columnist Brett Stephens in the New York Times. Koonin’s article made the case that climate science should use the ‘red team-blue team’ methodology used by the national security community to test assumptions.'"

Excerpt from the Washington Post -- "Though solitude brings many benefits with it, it’s quickly being crowded out of our lives. Our minds are constantly assaulted by a sea of inputs—texts, emails, ads, and notifications. According to psychologist Adam Alter, author of the book Irresistible, people spend nearly all of their free time—those precious three to four hours of each day—in the company of a screen. Which means they spend virtually no time alone."

Excerpt from Artsy -- "Thomaï Serdari, a strategist in luxury marketing and branding and an adjunct professor at New York University’s Stern School of Business, said the trend toward art collections in luxury developments was driven by millennials’ insatiable appetite for experiences.'Most young people who are interested in buying these new developments are also very much interested in experiences, and the art world is one of those experiences,' she said, including people who are not yet collectors, 'but people who want to be in the know.'"

Excerpt from CNBC -- "Amazon's decided retail's a difficult business. A better business is software, where you have recurring revenue. And now, more households have a recurring revenue relationship with Amazon in the form of Prime than voted in the '16 election or have a landline phone. ... You shop at Best Buy, which is an incredibly well-managed company, but you don't get season 2 of Transparent when you shop at Best Buy. So, they're creating all sorts of ecosystem and hooks to lock people into this recurring revenue relationship. And they're also fighting unfair. They have cheaper capital. They can just throw more resources at these types of shopping days than any other organization."

Excerpt from Marketplace -- "If you want to be persuasive to the other side, which is fundamentally what politics used to be about in this country, and what politics in a functioning democracy is ... the subtext of political discourse in a democracy is being able to persuade the other side to your point of view. And the way to do that, Jonathan Haidt says, is to be empathetic. Understand where they're coming from. Devote time, energy, and attention to that and then make your reasoned argument."

Excerpt from CCTV -- "There is a tremendous opportunity for the leaders of both countries to seize the moment and to expand economic relations between both countries. We have both experienced a slowing of economic growth over the last five to 10 years and we're witnessing greater difficulty in finding ways to speed economic growth. Improving trade, improving cross-border investment, may be the most powerful way in which we can accelerate economic growth in both China and the United States."

Excerpt from WalletHub -- "If you check the big three and you don't have other risk factors (you didn't just have your identity hacked), you're doing a reasonable job of financial hygiene. It's kind of like flossing -- it's no fun, but an ounce of prevention can prevent a pound of pain later on."

Excerpt from The Atlantic -- "Last year, the social psychologist Jonathan Haidt argued that recent conflicts at institutions of higher education are rooted in conflicting assessments of their telos, or core purpose. Is it to seek truth or to advance social justice? Those missions aren’t always at odds. But in Haidt’s view, they are presently coming into conflict often enough that the status quo is unmanageable. 'Universities will have to choose, and be explicit about their choice, so that potential students and faculty recruits can make an informed choice,' he argued. 'Universities that try to honor both will face increasing incoherence and internal conflict.'"

Excerpt from GreenBiz -- "'Students are interested, at the undergraduate level, in sustainability because they see these issues are important for them personally and are concerned about them. They want to have a job and a career with a purpose so they are look for ways they can make money and do well, but also have social impact. I think at the graduate level, where they have been out in the workplace for 5-8 years, they've seen businesses directly working on sustainability issues and are intrigued by an opportunity to learn more about that and contribute either to their own companies or find other companies that are doing interesting work in that space.'"​

Excerpt from Nightly Business Report -- "'We`ve certainly seen some very big high profile turnover events recently. The numbers look like they`re up, but it maybe not up dramatically. But I think the high profile nature of this is really what`s catching everyone`s attention. These are big name companies who have beenaround for many, many years and many who have been struggling very mightily with technological changes that have been going on in the environment and they`ve been looking around for solutions, the performance has just not been there.'"

Excerpt from The Federalist -- ​"Many scientists are now rejecting an open debate on anthropogenic global warming. EPA administrator Scott Pruitt appears ready to move forward with a 'red-team, blue-team' exercise, where two groups of scientists publicly challenge each other’s evidence on manmade climate change. The idea was floated during a Congressional hearing last spring and outlined in a Wall Street Journal op-ed by Steve Koonin, former undersecretary of energy in the Obama administration. Koonin said the public is unaware of the intense debate in climate science and how “consensus statements necessarily conceal judgment calls and debates and so feed the 'settled,' 'hoax' and 'don’t know' memes that plague the political dialogue around climate change.”

Excerpt from Fortune Magazine -- "'When I was serving on a committee studying the obstacles to adoption of electric vehicles at the National Academy of Sciences, we concluded that there was no possibility of even getting a carbon tax passed, and that was under the Obama administration, which had a much more pro-environment stance than our current administration,' said Melissa Schilling, a professor of management and organizations at New York University."

Excerpt from the LA Times -- "Gary Friedland, an expert in real estate finance at New York University who has called for reforms in the EB-5 program, said the manipulation of census tracts is so common that 'if it was not the Kushners, you wouldn’t be writing about [it].'"

Excerpt from the Financial Post -- "Even when the G20 appeared to be functioning effectively, as during the 2009 summit of national leaders to resolve the financial crisis, the results were limited and the carry-through to future global economic growth was weak to non-existent. Former Bank of England governor Mervyn King, in his recent book on the current plight of central banking and global financial governance, comments that since 2009 the G7 and G20 summits have provided 'more employment for security staff and journalists than they add value to our understanding of the world economy.'"

Excerpt from American Interest -- "The 'however' crisply defines regulatory confusion. Public parks sit on land allocated through a system of private property rights. A market where basic resource rights are preempted in favor of “public interest” determinations is something quite distinct. That is what led Ronald Coase to characterize the spectrum allocation system as equivalent to a Federal Land Commission (FLC). The analogy was extended by New York University economist Lawrence J. White, in a thought experiment about how a Federal Land Use Commission (FLUC) might hinder the productive use of real estate. (Acronyms are also a leading output of the spectrum allocation system.)"

Excerpt from the Los Angeles Times -- "If the left can learn to make the stars and stripes its own, it will appeal to some Trump voters, too. As social psychologist Jonathan Haidt argues in his book 'The Righteous Mind,' conservatives vote based on certain moral values that liberals do not typically articulate. Among these are loyalty, sanctity and authority — all of which Trump played to with his 'Make America Great Again' message."

Excerpt from the Washington Post -- “'While we continue to be at what is considered full-employment, the quality of each of those jobs has been dwindling, causing people to seek out new ways to supplement their full-time income,' said Arun Sundararajan, a professor at New York University’s Stern School of Business. 'There is a lot more volatility in the world of work today than there was 20 or 30 years ago.'"

Excerpt from Quartz -- "As is the case today, pessimists throughout history have fretted about the impact of new inventions on the value of human labor, while optimists have pointed to past examples of how technology has improved the human condition. In our current discussion, there’s also a common counter-argument to this point. 'Those weren’t thinking machines,' summarizes Vasant Dhar, a data scientist and professor at NYU. 'This is not the same as last time, not the same as previous kinds of technology that changed the nature of work.'"

Excerpt from The New York Times -- "Adam Alter, a professor of marketing and psychology at New York University who studies digital addiction, highlighted the fact that, unlike TV shows or concerts, today’s video games don’t end. Most forms of entertainment have some form of a stopping cue — signals that remind you that a certain act or episode is ending, like a commercial or a timer. 'Many video games don’t have them,' Mr. Alter said. 'They’re built to be endless or have long-range goals that we don’t like to abandon.'"

Excerpt from the Washington Post -- "The idea of a 'red-team blue-team' exercise stems in part from a Wall Street Journal commentary by New York University professor Steven Koonin. E&E News on Friday reported that Pruitt intended to formalize the 'red team, blue team' effort to challenge mainstream climate science."