Experience Stern | News & Events

Excerpt from Foreign Affairs -- "Ghemawat bases his recommendations, in part, on the distance between the country in question and the company’s home—measured not only in geographic terms but also in terms of language and culture. Executives, he warns, should consider each potential new market carefully and critically. Ghemawat aims his advice at businesspeople (and business students), but his work will also enlighten readers outside the business world who want to understand international trade and investment."

Excerpt from TRT World -- "The imported steel, the imported aluminum that is setting the price, and if a tariff means that price goes up, then the domestic price is going to go up."'

Excerpt from CNNMoney -- "'I think the real opportunity is in coming up with government oversight that pushes the platforms to creatively use technology to increase safety,' he said. 'It puts the onus on the platforms who are far better equipped than anyone else to use data and machine learning in ways that could make things safer.'"

Excerpt from Fast Company -- "'[It] creates psychological distance between the powerful person and everything else,' says Batia Wiesenfeld, a management professor at New York University’s Stern School of Business."

Excerpt from BEME News -- "JP Eggers, a professor of management and organizations at NYU, told me to think about early Teslas. They were luxury vehicles with hefty price tags, but that cash flow from well-off early adopters sustained Tesla long enough to A) pursue cheaper vehicles and B) build out a charging station infrastructure."

Excerpt from WalletHub -- "The issue is the uncertainty surrounding the extent of the tariffs/restriction imposed by Trump. Tariffs are bad for the economies of all involved. The issue is that Trump keeps changing the rhetoric, so other countries are hesitating if to retaliate. For now this shows up in volatility (e.g. VIX) and other measure like Ambiguity. Once a trade war starts there is no doubt that the markets will decline big time."

Excerpt from YourStory -- "'All of the innovators pursued their projects with remarkable zeal, often working extremely long hours and at great personal cost,' Melissa explains. They made the most of their creativity, originality, effort, persistence and situational advantage."

NYU Stern welcomes new faculty for the 2018-2019 academic year.

Excerpt from the Financial Times -- "A good place to start, in the literature from this year's symposium, is a primer by Thomas Philippon of NYU, summarising the evidence on whether industry concentration has been discouraging companies from investing in new plants and equipment."

Excerpt from Axios -- "'In some towns, [Sears is] arguably the only viable department store ... In many malls, they are the anchors,' says Herb Kleinberger, a professor of retail at NYU's Stern."

Excerpt from Forbes -- "Ikonick, the brainchild of Jeff Cole and Mark Mastrandrea, launched 15 months ago, selling their canvas art prints at prices ranging from $40-$700. The company was a way to monetize Cole’s popular Instagram account with 400,000 followers, and his eye for aesthetically pleasing, emotional images with 'prescriptive thought/messages.' The result, he believed, was artwork Millennials would want on the walls of their homes and offices. The company claims it has been cash-flow positive since its first month and is approaching $10 million in sales since launching 15 months ago. Ikonick has signed deals for Muhammed Ali and the NBA."

Excerpt from ThinkAdvisor -- "'The Bitcoin Boom: Asset, Currency, Commodity or Collectible?' by Aswath Damodaran, finance professor, NYU Stern School of Business: 'Bitcoin is not an asset class. You don’t invest in Bitcoin; you trade it. Bitcoin is a young currency.'"

Excerpt from Coinbase -- "Yermack says he first developed the class because he was interested in bitcoin and how quickly interest in the cryptocurrency was growing. But other reasons soon emerged, notably demand from companies for people who understood cryptocurrency-related issues. Now, he sees his class as a way to give students the skills they’ll need for jobs in the future. 'A process is well underway that will lead to the migration of most financial data to blockchain-based organizations,' he says. 'Students will benefit greatly by studying this area.'"

Excerpt from The New York Times -- "'When adult-supervised activities crowd out free play, children are less likely to develop the art of association,' Lukianoff and Haidt write, along with other social skills central to the making of good citizens capable of healthy compromise. Worse, the consequences of a generation unable or disinclined to engage with ideas and interlocutors that make them uncomfortable are dire for society, and open the door — accessible from both the left and the right — to various forms of authoritarianism."

Excerpt from The Guardian -- "New York’s approach is one of the harshest, said NYU professor of business Arun Sundararajan. 'We have among the most restrictive Airbnb laws, and I think it will hurt the city in the long term,' he said."

Excerpt from Medium -- “I try to put my phone on airplane mode on weekends so I can take photos of my two young kids without interruptions from emails and other needy platforms.”
 

Excerpt from Bloomberg -- "The way a good firm translates to a good economy is that the good firm should hire and invest more and the issue we have seen is that these firms are great, they are productive and they are making lots of money, but they don't invest and hire as much as they should and as much as other successful firms did in the past. So that's the missing link between this efficient firm and this relatively inefficient economy."

Excerpt from The CPA Journal -- "A report on research into the effect of audit committees in the March 2018 CPA Journal (April Klein, 'Questioning the Effectiveness of Independent Audit Committees: Does the Current Regulatory Regime Improve Reporting Quality?' http://bit.ly/2LFI6mg) describes measuring various market and other effects of the audit committee and finding none..."

Excerpt from the Financial Times -- "Scott Galloway, professor of marketing at the New York University Stern School of Business, claims Apple’s decision to invest in high-end stores remains one of the group’s most revolutionary and successful ideas."

Excerpt from La República -- "The end of the volatility low in February 2018 was mainly due to the increase in interest rates in the US. but this effect would not have produced a prolonged period of high volatility, which is why I believe that Trump's trade policies have been an important cause."

Excerpt from CyclingTips -- "Professor Barasch says that intent is critical. And bad news if you’re fixated on capturing something ‘Insta-worthy’. 'When people are thinking about getting the best photo for Instagram or Facebook, to get likes, to think about how they’ll be evaluated … this creates anxiety, fear of getting the perfect image.'"

Excerpt from Entrepreneur -- "'While there are a number of ways in which independent workers can potentially replicate the benefits that full-time workers have, the challenge is often bandwidth and the ability to have the right options placed in front of you,' Sundararajan says."

Excerpt from Inc. -- "'They know what website you're on. They're observing your behaviors,' Carr says.'[What's needed] is explanations of why people are doing these things. What's in people's hearts and minds?'"

Excerpt from The New York Times -- "'When you are talking to someone who is overburdened, become a sounding board for what needs to be renegotiated,' she added. 'It gives the other person the space to think about the boundaries of the work that was assigned and what can be renegotiated.' Maybe they need more time? Or more resources? Listen and help them find out."