Faculty News

Professor Tülin Erdem is quoted in a feature story on Black Friday

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Excerpt from the The New York Times -- "'The economic savings, feeling good about yourself having found a good deal, being a shrewd consumer,' she said, all add up to one key factor. Plus, because so many stores offer Black Friday sales, it’s easier to find discounts without having to search as hard as you might during the rest of the year. But, Dr. Erdem said, another reason Black Friday remains so popular is tradition."
School News

In a trend piece, Associate Dean of MBA Admissions, Financial Aid and Academic Affairs Paula Steisel Goldfarb highlights the breadth of Stern MBA specializations and innovations in course offerings, including the new affiliated CDL-NYC MBA course

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Excerpt from Find MBA -- "Steisel Goldfarb says the courses 'are often developed based on anticipated skills needed in the business world and student interest.' For instance, Stern recently housed the Creative Destruction Lab, which supports the monetization of science and tech startups. An affiliated MBA course was introduced as a result, to provide students with direct access to the venture development process."
Faculty News

Professor Petra Moser shares her views on the impact Amazon's $15 minimum wage may have on rivals

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Excerpt from MIT Sloan Management Review -- “Even after Amazon fills all their jobs, they’ll be workers left who would work for less than $15. So unless Amazon competes in a very tight local market, other firms won’t be forced to follow.”
Faculty News

Professor Kristen Sosulski shares how firms can develop a data practice, from her book, "Data Visualization Made Simple"

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Excerpt from Voice of America -- "Visualization of data is not only a skill for your IT folks. It's a competence that's needed throughout every organization... Today, when I train managers and executives in the visualization of data, first we focus on the impact and the business case. Then, we work through the technical details."
Faculty News

Professor Allen Adamson dispels Black Friday myths

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Excerpt from The Washington Post-- "'You buy one cheap item, and then you buy five items you don’t need at full price,' says Allen Adamson of New York University’s Stern School of Business. Adamson adds that shoppers often wrongly assume that everything is on sale."
School News

Director of Corporate Research and Engagement at the Center for Sustainable Business Kevin Eckerle's presentation at the Raise the Green Bar 2018 Sustainability Summit is referenced

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Excerpt from Eco18 -- "Eckerle discussed 'Why Sustainability Makes Dollars and Sense,' highlighting that when a company includes sustainability in their strategy and practice, it helps improve their efficiency, brand reputation, employee engagement, profitability and stock price performance. This raised important insight into the side of sustainability people don’t think of right away – analyzing how taking sustainable action not only protects our environment, but can also bolster profitability and higher levels of consumer engagement – providing greater incentives for companies to take higher sustainable action."
School News

Paul Barrett, deputy director for the Center for Business and Human Rights, is cited in a story on the closure of the Accord on Fire and Building Safety in Bangladesh

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Excerpt from The New York Times -- "Paul Barrett, deputy director for the Center for Business and Human Rights at the NYU Stern School of Business, said threats by retailers to move elsewhere might not be credible. 'I don’t think the big Western brands want to leave. They’ve committed themselves to improving safety,' he said. 'Various brands are exploring Ethiopia but there isn’t the capacity to rival what goes on in Bangladesh.'"
Faculty News

Professor Robert Seamans is quoted in a story on how small co-ops are delivering broadband access to rural areas

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Excerpt from WIRED-- "Even little efforts could effectively spook incumbents into reform. The academic Rob Seamans has found that 'the threat of entry is enough.' When a farmers’ co-op plans to roll out broadband, the big companies suddenly decide it’s time to upgrade."
Faculty News

In an in-depth interview, Professor Aswath Damodaran discusses Amazon as an investment

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Excerpt from Seeking Alpha -- (3:38) "The nature of valuation is not that you are trying to find every winner but that you are trying to find the next one. That said, Amazon has been a surprise in the making."
School News

In a Q&A interview, Director of MBA Admissions Lauren Calio highlights the School's collaborative culture and shares tips for prospective MBA applicants, underscoring the importance of EQ

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Excerpt from MetroMBA -- "Beyond work experience and goals, a common thread among our students is their high emotional intelligence or EQ, and engagement in our collaborative community. We also pride ourselves on being a school where everyone can be themselves. Our students’ interests outside of the classroom are also vast, as evidenced by our 30+ student clubs serving professional, affinity, sports, and special interest areas."
Faculty News

Professor Petra Moser shares why she believes industry self-regulation will not mitigate climate change in the absence of a carbon tax

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Excerpt from MIT Sloan Management Review -- “Carbon dioxide emissions create monumental social costs, which are not covered by industries that burn fossil fuels. Firms have no incentive to volunteer paying for these costs. In fact, that would be a really dumb business decision. This is a place where ‘self-regulation’ fails, and we need evidence-based government policies.”
Faculty News

Professor Robert Engle's comments at the 2018 Lujiazui Financial City Global Financial Risk Management Meeting in Shanghai are highlighted

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Excerpt from Yicai Global -- "Debt management will be more difficult once confidence within the financial system disappears, Robert Engle, a Nobel Laureate in economics, told Yicai Global, adding that slowly reducing the debt ratio of state-owned enterprises and local governments, as well as safeguarding foreign investment can help to solve this challenge. An end to the China-US trade spat will also benefit both sides, he added."
 
Faculty News

"The Coddling of the American Mind," co-authored by Professor Jonathan Haidt, is named one of the "100 Notable Books of 2018"

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Excerpt from the The New York Times -- "Expanding on their influential Atlantic article, the authors trace the culture of 'safetyism' on campus to a generation convinced of its own fragility, warning of potentially dire consequences for democracy."
Faculty News

Professor Karen Brenner identifies lessons companies can learn from the arrest of Nissan chairman Carlos Ghosn

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Excerpt from Barron's-- "'It’s easy for a board to be alert when times are tough, but it’s very important for a board to maintain their vigilance when times are good,' she continues, adding that 'sometimes boards can be deferential to an iconic CEO' such as Ghosn. (Ghosn stepped down as CEO of Nissan last year while remaining chairman.)"
Faculty News

Professor Paul Romer's work on economic growth and innovation is featured

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Excerpt from Forbes-- "Business professionals can learn a valuable lesson about the path to economic growth and innovation from Paul Romer, this year’s Nobel Prize winner in Economic Sciences (shared with William Nordhaus). Romer views the economy as a 'huge innovation discovery machine' that, in conjunction with government policy, can and should promote and provide technological innovation for everyone."
Faculty News

Professor Arun Sundararajan underscores the value of public trust in Facebook as the company faces regulatory scrutiny

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Excerpt from CNBC -- "Right now, rather than thinking about managing investor expectations, what Facebook really has to focus on is making sure that they don't lose the public trust."
Faculty News

Vice Dean of MBA Programs JP Eggers highlights the benefits Amazon's new offices will bring to New York City, including continued growth in the tech sector and potential opportunities for MBA students

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Excerpt from Poets & Quants -- "'There’s an enormous opportunity to continue the growth of the technology sector in New York City that has been booming so much the last five years,' Eggers tells P&Q, 'to the extent that New York is seen as the only real competitor to Silicon Valley in the U.S. at this point in time in terms of scale, size, and growth rate.' ... 'Obviously we are excited about this opportunity and the fact that the door to more opportunities at Amazon — especially opportunities that would be local here in New York — is a real potential option for our MBA students,' he says."
School News

Stern's Urbanization Project is highlighted in a story on urban transformation in India

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Excerpt from the Observer Research Foundation -- "At New York University’s Stern Urbanisation Project, rapid urbanisation is looked at from two perspectives – expansion of existing cities, and emergence of newer cities. MBA students at Stern work on applied research projects with municipal officials each semester on topics such as city planning in Ethiopia and Columbia, SEZ’s in Liberia, challenges faced by New York Police Department, among others. The aim is to make realistic long-term preparations for urban expansion across cities in the world, and fast track reform and mitigate global migration through start-up cities."
School News

Actor Shah Rukh Khan's visit with Stern undergraduate students and Geeta Menon, Dean of the Undergraduate College, is featured

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Excerpt from The Times of India -- "SRK recently visit NYU Stern School in New York where he met and interacted with students. The actor posed with the Dean of the college."
Faculty News

Professor Melissa Schilling's book, "Quirky," is reviewed

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Excerpt from Machine Design-- "Quirky illustrates a common thread among these geniuses and asks whether it’s possible to teach someone how to become one of the greats. In short, no—it isn’t. However, there are things that could aid or create an environment to yield people who are more aware of (and capable of) innovation on a grand scale."
Faculty News

Professor Adam Alter's book "Irresistible," is referenced in a story on technology-related stress

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Excerpt from Forbes-- "In his book Irresistible, NYU Stern School of Business professor Adam Alter summarizes the research about the irresistible urge to use technology, and the businesses that spend millions of dollars to keep you hooked. Guidelines suggest that you should spend less than an hour a day on our phones, yet research shows that only 12% of phone users meet that criteria – that means 88% of people overuse, with the overall average being three hours. Alter goes on to detail a survey of young adults that revealed that 46% of them said they would rather break a bone than break their phone – and many of the 54% who said they’d rather have a broken phone agonized about that decision."
Faculty News

Professor Richard Sylla is quoted in a story on Jeff Bezos' comments on corporate longevity

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Excerpt from Forbes-- "'Of course young companies outnumber the old,' says Sylla. 'Many of the largest companies started between 1880 and 1920, but many more have grown large after 1950 so they wouldn't quite be centenarians. Yet.'"
Faculty News

In a Q&A interview, Professor Dolly Chugh shares insights from her book, "The Person You Mean to Be"

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Excerpt from Heleo-- "I am trained as a social psychologist and we tend to think of the world through the lens of individual people and small groups, not large systems and structures. But, through the interviews I did for the book, it became clear I was really missing something by not exploring the systemic perspective and its relationship to our unconscious biases. I turned to the work of sociologists, economists, political scientists, historians, and others to broaden my understanding."
Research Center Events

Saru Jayaraman of ROC United Shares Insights on Labor in the Restaurant Industry at 13th Haitkin Lecture

Saru Jayaraman
Saru Jayaraman, co-founder and co-director of the Restaurant Opportunities Centers United (ROC United) and director of the Food Labor Research Center at the University of California, Berkeley, delivered the 13th annual Haitkin Lecture, hosted by NYU Stern’s Business & Society Program on November 15, 2018.
Faculty News

Professor Ari Ginsberg explains Long Island City's appeal as an office location for Amazon

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Excerpt from amNewYork-- "'It’s transportation, talent and taxes,' said Ari Ginsberg, a professor of entrepreneurship and management at NYU's Stern School of Business. 'Places that have deteriorated in terms of industrialization then became opportunities for new types of business and new types of talent.'"

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