Experience Stern | News & Events

Excerpt from Strategy + Business -- "The approach Schilling takes with Quirky is a variant of the case study method — instead of companies, the cases here are the lives of great inventors. She examines their lives to uncover the common personality traits and 'foibles' that helped them see what others did not. Schilling argues that serial breakthrough innovators are different from the rest of us because they’re able to come up with groundbreaking innovations over and over again, rather than just once. And their innovations represent dramatic leaps, rather than incremental improvements."

Excerpt from CNBC -- "Everybody, of course, looks back to the 1930s and the Smoot-Hawley tariff. And they tend to over-emphasize the importance of Smoot-Hawley. It was a bad thing; it certainly made things worse, but it wasn't the sole cause of the Great Depression in the 1930s. We aren't there yet, but what does worry me... is we could see escalation."

Excerpt from BNN -- "I think we will and I think we should ... I have been arguing for this for a while now about the perils, the kinds of risks, that these social media platforms have posed to society. I think given the information coming out, I think we are going to see some concern and some regulation around these social media platforms. The details need to be worked out but I think not doing anything is not an option anymore."

Excerpt from Bloomberg -- "The... optimists say that Trump is just trying to increase his bargaining power and is using these threats as a way of opening up China. I have a slightly more pessimistic view because the economic nationalists are in and those who are internationalist are out [of the Trump administration]."

Excerpt from Campden FB -- "For family offices that are a number of generations removed from the founder, the importance is to have a board or investment committee that can review the actions of the family office investment staff over time to ensure there is continuous adaption relative to the office’s long-term objectives."

Excerpt from Quartz -- "How did Uber’s ratings become more inflated than grades at Harvard? That’s the topic of a new paper, 'Reputation Inflation,' from NYU’s John Horton and Apostolos Filippas, and Collage.com CEO Joseph Golden. The paper argues that online platforms, especially peer-to-peer ones like Uber and Airbnb, are highly susceptible to ratings inflation because, well, it’s uncomfortable for one person to leave another a bad review."

Excerpt from InvestorPlace -- “Users will increasingly message because of the presence of payments on the same platform, and they will increasingly use payments because of the presence of messaging on the same platform.”

Excerpt from Fox Business -- "'If he was serious about this, he would have made the argument against all of big tech, and he would have privately gone to some Democratic and Republican senators and made it a bipartisan issue,' he said. 'The place to go gangster on these guys is through red state [attorneys general]. That’s what he should have done.'"

Excerpt from AdAge -- "Sorrell built WPP into the world's largest agency company and has not publicly identified possible successors, but that doesn't mean he's irreplaceable, suggests Karen Brenner, a clinical professor of business at the Leonard N. Stern School of Business at NYU. 'Think about companies where you have iconic CEOs who are so closely associated with the company,' Brenner says. Outsiders frequently believe such companies will suffer without that CEO at the helm, she says, citing the example of Steve Jobs and Apple."

Excerpt from TIME -- "...according to Rob Salomon, associate professor of international management at the NYU Stern School of Business, trade deficits may actually help the U.S. by flowing dollars back into the economy and keeping American interest rates low. 'This makes mortgages less expensive, this makes business loans less expensive, and this makes capital to start businesses less expensive,' he says."

Excerpt from Newsweek -- "'Facebook has appropriately banned the IRA from its platforms,' said Michael Posner, director of the NYU Stern Center for Business and Human Rights. 'We applaud Facebook for recognizing that Russian disinformation online is a serious problem and for developing a response to this sustained effort to inject political propaganda into American society, as well into Russian and European societies.'"

Excerpt from CNBC -- "I think it builds on a solid foundation. It's going into a business that is broken. The music business fundamentally is broken and I think Spotify might be the best chance for the music business to turn itself around. So I think you have to build from the basics again, revenues and margins improving over time are what's going to drive the value of the company."

Excerpt from The Sydney Morning Herald -- "Researchers Priya Raghubir and Joydeep Srivastava found that there are significant differences in spending based on how shoppers pay for things. Their main argument was that 'the more transparent the payment outflow, the greater the aversion to spending or higher the pain of paying… leading to less transparent payment modes such as credit cards and gift cards (vs. cash) being more easily spent or treated as play or "monopoly money".'"

Excerpt from CBS News -- "Dhar said companies need to start being proactive and treat customer data as first class. 'This is a CEO-level issue. It isn’t something that you slough off to your tech person and say, "hey, prevent these things from happening,"' he said."

Excerpt from MIT Technology Review -- "Research points to where the field is headed. At an event that NYC Media Lab hosted in 2015, Alexander Tuzhilin, professor of information systems at the NYU Stern School of Business, pointed out that most of the targeting applications we see today represent the second generation of these technologies. The data employed includes context awareness, spatiotemporal and mobile data, multi-criteria ratings, social-media data, conversational recommendations, and more. These are standard tools of the trade used in targeting by internet marketers, as well as by Cambridge Analytica in 2016."

Excerpt from CNBC -- "If brands find the right counterpart for a viral partnership, it can create a great synergy, according to Michelle Greenwald, marketing professor at NYU Stern. She says that it can be a funny juxtaposition and bring new audiences to both brands. Warby Parker's brand isn't one that's generally associated with comedy, so Arby's can help lighten the mood and bring comedy to the table. Greenwald says that the brands' different audiences can help bring exposure to both of them and create more widespread awareness without spending much money."

Excerpt from Il Sole 24 Ore -- (Translated from Italian using Google Translate) "...analyzing the interactions of over 140 countries, which cover 99 percent of the global economy and 95 percent of the world's population, Ghemawat demonstrates empirically that although it has been hit hard from the 2008-09 downturn, globalization has already reached and exceeded the pre-crisis levels."

Excerpt from Health -- "'Start by designating a certain time each day that's tech-free -- like while you're eating lunch," says Adam Alter, PhD, a professor at NYU and author of Irresistible: The Rise of Addictive Technology and the Business of Keeping Us Hooked. 'Then see how you feel after a week or so. Most people feel happy with the change, and they go on to expand it.'"

Excerpt from CNBC -- "'"Only the Paranoid Survive" offers practical advice on how to bridge that narrow line between catastrophe and opportunity, and seize the opportunities,' the Harvard Business Review said in 1996 when the book first came out. 'That's why this book isn't just for managers of high-tech businesses.'"

Excerpt from WalletHub -- "In theory, having a photo on your credit card would deter fraudulent use, but only for in-person retail transactions. Increasingly, transactions are moving online and the physical credit card does not come into play. Also, fraud is easier to perpetrate online and can be done from anywhere in the world."

Excerpt from Bloomberg View -- "'You can see quickly that Tesla is singularly unsuited to using debt,'; wrote Aswath Damodaran back in August, when it was issuing debt. But 'bond investors pretty much ignored the carmaker’s prolific cash burn and repeated failures to meet production targets and lent it $1.8 billion at record-low interest rates.'"

Excerpt from Quartz -- "'Filing patents is common practice in other parts of the world but the importance of filing patents has only of late become apparent to startups in India,' said Anindya Ghose, the Heinz Riehl professor of business at New York University."

Excerpt from The Washington Post -- "'There is a new social contract we are getting into with digital platforms,' Sundararajan said. He suggested that governments need to start forming alliances that are in the public interest — and start getting comfortable with private companies taking on regulatory responsibilities. 'Of course, there’s always a risk that they abuse this privilege,' Sundararajan said. 'But, honestly, I don’t see an alternative.'"

Excerpt from The Wall Street Journal -- "'The moment you get someone on your ecosystem, and they become fluent in your operating system, the switching costs become very real,' Mr. Galloway said. A lot of consumers start on Apple’s or Google’s operating system and never switch, 'so it’s logical to lock them in early,' he said."