Experience Stern | News & Events

Excerpt from American Entrepreneurship Today -- “'A common startup trap many would-be entrepreneurs fall into is developing a solution in search of a problem,' said Professor Cynthia Franklin, director of the Berkley Center for Entrepreneurship. 'With the help of our rigorous process, each of these teams identified a demonstrated and compelling market need as well as a clear path forward.'"

Excerpt from SF Chronicle -- "Arun Sundararajan, an NYU business professor who studies the on-demand economy, agreed that ride prices would rise if drivers were employees. In addition, 'I think service availability is bound to suffer because this is a market that works very well,' he said. 'The extreme flexibility that Uber and Lyft provide workers now makes it much easier to cover the high-demand periods.'”

Excerpt from Bloomberg -- "There’s a danger here. As Thomas Philippon documented in his book, 'The Great Reversal,' the EU has become more competitive than the US. Its antitrust regime isn’t perfect: For example, it has cleared too many horizontal mergers. However, the increase in markups (as measured by higher profit margins) after these deals has been generally less steep than in the U.S. because the market has remained more open."

Excerpt from Business Insider -- "Research from NYU Stern's Center for Sustainable Business, as reported by Harvard Business Review, says products with a sustainability claim made up 16.6% of sales in 2018, up from 14.3% in 2013."

Excerpt from The Washington Post -- "So policymakers should not wait to act, said Acharya, an economics professor at New York University’s Stern School of Business. For now, interest rate increases are a non-starter given the economy’s profound weakness. But the Fed should require banks to beef up their reserves against potential losses by halting dividend payments, he said. 'You have to ensure that banks have enough capital on the balance sheet that you can afford to let these firms go bankrupt,' Acharya said. “It’s not about what’s happening right now. It’s whether you have created resilience in the financial sector to deal with what is a plausibly weak outlook.'”

Excerpt from Forbes -- “'GE wants to somehow signal to the marketplace that things are going to change,' with the auditor switch, said Joshua Ronen, an accounting professor at New York University’s Stern School of Business."

Excerpt from Vogue -- "Micro-communities act like a backstage pass or an Amex Centurion card by 'making people feel special', says Forrester’s Kodali. Private messaging and communities have the potential to boost customers’ brand empathy, which has a direct impact on brand loyalty, adds Jared Watson, assistant professor of marketing at NYU Stern School of Business. 'It allows brands to craft individualised messages for each subgroup of consumer rather than a one-size-fits-all approach.'"

Excerpt from Los Angeles Times -- "Even when Black and white households have similar financial resources, there’s still not the same level of access to commercial loans, said Rachel Atkins, a post-doctoral faculty fellow in the management and organizations department at the NYU Stern School of Business. For example, Atkins’ research is showing that Black homeowners weren’t as able to use their home equity for start-up capital as white homeowners could. 'There’s just too much evidence that Black business owners are not able to access commercial lending to the same degree,' Atkins said."

Excerpt from The Washington Post -- “'Unfortunately, if the company gives users a new way to express themselves, some of those users are likely to take advantage of the situation to spew the sort of harmful content that has long been associated with Twitter,' said Paul Barrett, deputy director of the NYU Center for Business and Human Rights."

Excerpt from Business Standard -- "Even Facebook moderators do blunders. Tasked with reviewing about three million posts a day, Facebook moderators make about three lakh mistakes in 24 hours in deciding what should stay online and what should be taken down, according to a new report from New York University's Stern Center for Business and Human Rights."

Excerpt from Forbes -- "According to Adam Alter, a professor at New York's Stern School of Business, the author of Irresistible: The Rise of Addictive Technology and the Business of Keeping Us Hooked , we will find ourselves in a kind of autopilot as the 'sliding down' of all the news on Pinterest."

Excerpt from The New York Times -- "Edward I. Altman, the creator of the Z score, a widely used method of predicting business failures, estimated that this year will easily set a record for so-called mega bankruptcies — filings by companies with $1 billion or more in debt. And he expects the number of merely large bankruptcies — at least $100 million — to challenge the record set the year after the 2008 economic crisis."

Join the NYU Stern Center for Business and Human Rights for an hour of timely discussion and audience Q&A on one of the most pressing issues facing the social media industry and its billions of users: How are Facebook, Twitter, and YouTube carrying out the crucial function of content moderation?

Dean Raghu Sundaram and Professor Dolly Chugh engaged in a wide-ranging discussion, touching on a variety of topics including how to fight unconscious and systemic bias, different approaches to pursue social change and social justice, and the value of being a good-ish person.

Excerpt from Australian Broadcasting Corporation -- "In my view, COVID-19 is going to be quite dynamic and subpar, because this is not just the natural disaster, it's also a crisis of the time where both corporations have too much debt and therefore given them uncertainty on their hands, on the second wave, on economic insecurity coming from job losses."

Excerpt from Financial Times -- "Those working from home might be right to feel that out of sight means out of mind. Batia Wiesenfeld, a management professor at New York University’s Stern School of Business, says research has shown that 'if you look at the pay and promotion outcomes [of those working from home] and adjust it for their higher performance, they were disadvantaged relative to people in the office. We know that if [workers] are remote, it’s better if their manager is also remote.'"

Excerpt from Poets & Quants -- “'Dolly Chugh has been my favorite professor, and I’ve taken both her Leadership in Organizations and Managerial Skills classes. While I thought business school would be all “hard skills” classes, I’ve enjoyed the opportunity to hone my interpersonal skills and focus on the kind of leader I hope to be. Her interactive classes are inclusive of many learning styles, and I also loved reading her book, The Person You Mean to Be: How Good People Fight Bias. Each class session leaves me energized and excited to implement a new workplace management tool.'"

Excerpt from The Economist -- "'There's now a large body of overwhelming evidence, much of which was pioneered by my late colleague Kathy Phillips who was a professor at Columbia University, that shows that diverse teams out-perfrom non-diverse teams in just about every way you can think of. And so the first point that I have tried to make in all that I do is that we're talking about excellence. There are equity issues, equity reasons for promoting diversity, but to me, the leading reason to push for more diversity is we want more excellence."

Excerpt from WEF Blog -- "The COVID-19 pandemic has effectively kicked off a new era in our working lives. Instead of assembling in offices, more fortunate members of the workforce gather virtually, via conferencing software. Our days, seemingly shortened by the freedom from commuting to and from offices, now include juggling personal obligations and catching up on workloads as we can, when we can. Conditions are unlikely to reset to “normal” when the pandemic has passed. This means that, since human cultural norms are established by observation and socialization, corporate culture is certain to become less tangible in this new, remote work environment. Welcome to the age of the intangible company."

Excerpt from CNBC -- "Should it go public or seek additional funding, Coupang would likely field questions from new investors who are nervous about SoftBank’s involvement and whether its recent growth, as well as its unicorn valuation, is sustainable. 'It makes it very difficult to go public if your primary funding has come from someone that the market doesn’t trust,' said NYU Stern professor Aswath Damodaran. 'At the moment, fairly or unfairly, that’s where SoftBank is, and I think it kind of contaminates every company it’s invested in.'”

Excerpt from Barron's -- "While the May numbers will be better than April’s as local economies are showing signs of recovery and people are returning to work, 'many behavior changes and channel shifts will be permanent,' says New York University business-school professor Arun Sundararajan. 'The Covid shutdown has accelerated the ascent and eventual dominance of the e-commerce channel,” Sundararajan says, predicting that when it comes to apparel, U.S. online sales will exceed in-store sales in 2020 for the first time."

Excerpt from The Wall Street Journal -- "'It tastes awful, but it works,' she says. 'Sometimes you really do need the skill set, and sometimes the nice person is not going to give it to you.' Prof. Shea is a co-author of the March paper and a fellow researcher in the six studies cited, along with Julia Hur, assistant professor of management and organizations at NYU Shanghai, and Rachel Ruttan, an assistant professor of organizational behavior and human resources at the University of Toronto’s Rotman School of Management."

Excerpt from The Wall Street Journal -- "It isn’t necessarily that product quality is getting worse, says Tulin Erdem, chair of the marketing department at New York University’s Stern School of Business. What is happening instead, she suggests, is that consumers are becoming more savvy, and that in turn is leading them to assess products on a much more critical scale than in the past."

Excerpt from The Wall Street Journal -- "Most important, understand that social status isn’t static. As Nathan Pettit, a professor at New York University’s Stern School of Business, and Jennifer Carson Marr, a professor at the University of Maryland, recently showed, social status changes over time—hierarchies at work are constantly shifting. So don’t despair: There’s a chance your boss will be back in the black again."

Excerpt from Fast Company -- "Despite the billions of dollars U.S. companies spend on diversity programs each year, current strategies will not necessarily achieve their goals, according to an Academy of Management Review article.

'Staying the course with regard to how diversity initiatives are currently implemented is unlikely to result in substantial progress toward diversity goals,'" Lisa M. Leslie of New York University wrote in 'Diversity Initiative Effectiveness: A Typological Theory of Unintended Consequences.'"