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The Leonard N. Stern School of Business Graduate Convocation Ceremony took place on Thursday, May 23, 2012 at Radio City Music Hall.
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– Faculty News
Prof. Arun Sundararajan on the legal challenges presented by the sharing economy
June 24, 2013
Excerpt from TIME -- "'These are new models, and they don't fit into the old boxes,' says Arun Sundararajan, a professor at New York University's Stern School of Business who studies the sharing economy."
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– Faculty News
Prof. Aswath Damodaran is interviewed on the difference between investment philosophy and strategy
June 22, 2013
Excerpt from Outlook India -- "According to Damodaran, an investment philosophy 'is a core set of beliefs about markets, a behavioural set of assumptions about how markets work, how they fail to work, and how to take advantage of common mistakes made by investors in the markets. This is as opposed to an investment strategy, such as buying low price to earnings stocks or going contrarian.'"
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– Press Releases
NYU Stern Hosts Its 8th Biennial Global Alumni Conference in Shanghai
June 20, 2013
In celebration of the establishment of New York University’s campus in Shanghai, NYU’s Stern School of Business hosts this year’s Global Alumni Conference in Shanghai, its newest “home” city, from June 20-22, 2013.
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2013年6月20日—中国上海浦东。为了庆祝纽约大学在上海开设新校区，纽约大学斯特恩商学院将于2013年6月20日至22日，在“新家”上海举办今年的全球校友会。斯特恩商学院将召集包括两名诺贝尔经济学奖得主在内的核心教职人员、亚洲地区的重要商业、城市领导参与本届校友会，并邀请全球10万校友借此机会再次相聚，相互交流，讨论当下的商业话题以及中国在全球经济中的地位。
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In celebration of the launch of NYU Shanghai, the University’s third portal campus, NYU Stern will hold its biennial Global Alumni Conference in our newest home of Shanghai on June 20-22, 2013.
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– Faculty News
Prof. Priya Raghubir on the alleged manipulation of sale prices at department stores
June 19, 2013
Excerpt from TODAY -- "'I believe it's very widespread,' said Priya Raghubir, a professor of marketing at NYU, who explained that seeing a sale sign has a psychological impact on a customer. 'You feel smart, you feel happy, you've got a great deal, and you feel special because you managed to get this deal,' she said. 'The stores are completely playing on our emotions.'"
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– Faculty News
Prof. Scott Galloway on high-rent luxury retail flagship stores in SoHo
June 19, 2013
Excerpt from The New York Observer -- “'I don’t think any store goes in thinking that they’re going to lose money,' said Scott Galloway, a clinical marketing professor at NYU’s Stern School of Business. 'It’s more that a lot of retailers come regardless of whether they’re going to be profitable or not.'”
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– Faculty News
In an op-ed, Prof. Nouriel Roubini explains the "New Abnormal" era in the economy
June 18, 2013
Excerpt from Institutional Investor -- "We have entered the New Abnormal, a period in which every market assumption must be questioned and the wise investor is prepared to be surprised."
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– School News
Assistant Dean Lizzette Hernandez on how students can maximize their experience at business school
June 18, 2013
Excerpt from Bloomberg Businessweek -- “'B-School is the perfect time to explore opportunities through clubs and project-based learning programs, or to consider creating your own,' wrote Lizzette Hernandez, assistant dean of of the Office of Student Engagement at NYU’s Stern School of Business, in an e-mail."
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– School News
Stern's Entertainment, Media & Technology program and MBA student Jillian Smith are featured
June 17, 2013
Excerpt from the Financial Times -- "At New York University's Stern school, an Entertainment, Media & Technology specialisation can be taken as part of the MBA. The programme helps participants apply disciplines such as marketing and finance to the media and entertainment industries."
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Excerpt from CNN -- "Africa has all the foundations of what is needed to create a real vibrant luxury industry. We have the craftsmanship, we have the heritage, we have a very rich culture that doesn't date just 20 years but centuries, thousands of years of know-how and craftsmanship. So here is this continent where you have all the raw material, you have the know-how and also ancient know-how. The only link missing is that link to luxury."
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– Faculty News
Profs Ralph Gomory and Richard Sylla on the obligations of American corporations
June 17, 2013
Excerpt from Tucson Sentinel -- "“The idea that a corporation exists solely to make money is actually quite new,' explained Ralph Gomory, a professor of management at New York University...'Even in the early ’80s, you would be more likely to hear a CEO talking about his responsibilities to the country or to his employees than his duty to the shareholders.'”
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Excerpt from BBC News -- "It's evidence of the deterioration of the finances of the national broadcaster and the amount of corruption that exists in the public sector in Greece."
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– Faculty News
Prof. Michael Cohen on the ways food companies make their products look natural
June 17, 2013
Excerpt from Associated Press -- "In many cases, food products get their wholesome appearance because of the different or stripped-down ingredients companies are using to make them more natural, said Michael Cohen, a visiting assistant professor of marketing at NYU's Stern School of Business. But in other cases, companies are making tweaks just to achieve a desired look. 'Food manufacturers are adapting by the way they mold the product or the end color or texture they want the product to be,' he said."
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Excerpt from Entrepreneur Magazine -- "'It's hard to put your hand into a car's engine when the car is still running, but that's what disruptive innovation is -- changing the way things are done before your business is backed into a corner,' said Williams, who spoke to a crowd of 800 business leaders at the World Innovation Forum in New York City last week."
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Excerpt from Financial Times -- "Stern’s revamped course – mandatory for second-year MBA students – examines ethics through the lens of moral psychology. The goal is not to wag the finger but to show how even those with the best intentions can face ethical traps. ... Prof Haidt says his students’ careers are like an epic 'hero’s journey' – one in which they will be severely tested and challenged. Students must 'recognise that there are societal forces impinging on [them] all the time', and that 'in the long run ethical behaviour and high professional standards do pay'."
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– Faculty News
In an op-ed, Research Scholar Robert Frank outlines lessons from Sweden's healthcare system
June 15, 2013
Excerpt from The New York Times -- "The encouraging news is that the Affordable Care Act was intended to foster the evolution of a new system that can capture many of the gains currently enjoyed by countries like Sweden. For that to happen, however, Congressional critics must abandon their futile efforts to repeal Obamacare and focus instead on improving it."
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Excerpt from HuffPost Live -- "There is no doubt it was done for economic reasons. The state TV was not particularly critical of the government or there was no dispute between the state TV and the government so it was not a target of that sort. Now, it has to be clear that there is heavy unemployment in Greece, but the people who are unemployed are people in the private sector, not the public sector. The public sector is huge - hundreds of thousands of people, and it burdens the private sector so much that we have this very high unemployment. So no matter if this was done in the right way or the wrong way, there has to be a way for the public sector to be reduced in Greece. Otherwise there is no future for Greece."
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– Faculty News
In an op-ed, Prof. Adam Alter explains environmental cues that influence behavior
June 14, 2013
Excerpt from The New York Times -- "Other environmental cues shape our actions because they subtly license us to behave badly. According to the heavily debated broken windows theory, people who are otherwise well behaved are more likely to commit crimes in neighborhoods with broken windows, which suggests that the area’s residents don’t care enough to maintain their property."
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– Faculty News
Prof. Sam Craig on the market for upscale movie theaters such as SuperLux in Boston
June 14, 2013
Excerpt from Boston Globe -- "The amenities at SuperLux and similar movie houses represent an escalation in the competition, said Sam Craig, director of the entertainment, media, and technology program at New York University’s Stern School of Business. 'The market is segmented. People want a more elite experience,' he said. 'Theaters are finding ways to enhance the experience, but for a segment that’s willing to pay more.'”
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– Faculty News
Prof. Arun Sundararajan explains the future of social media as a sales outlet
June 13, 2013Excerpt from News & Observer -- “'We’re only just scratching the surface on the marketing and sales potential in social media,' he said. 'Over the next five years, it’s probably going to grow tenfold, so certainly direct sales are going to be a part of it.'”
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– Faculty News
Nobel Laureate and Prof. Thomas Sargent on the US response to the financial crisis
June 13, 2013
Excerpt from BBC News -- "Many people worry that the way we've come out of the financial crisis is the governments in the United States and elsewhere have bailed out financial institutions which weren't even banks...insurance companies, money market mutual funds. So if those institutions now think that they're effectively insured, there's a danger that they're going to take... big risks, because essentially, they're gambling with the taxpayers' money. That's a badly designed system."
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– Faculty News
Prof. Dolly Chugh's research on the treatment of women in the workplace was highlighted
June 13, 2013
Excerpt from The Times of India -- "'In India, I couldn’t help but notice how women were sidelined even in domestic decision-making. However, I observed that one of my uncles treated women with dignity, which reflected in the language he used even when women weren’t around. What set him apart was that his wife was a working woman. I wondered how having a working wife as opposed to a stay-at-home one influences a man’s psychology?' said Desai, who co-authored the study with Dr Dolly Chugh of New York University’s Stern School of Business and Dr Arthur Brief at the University of Utah’s David Eccles School of Business."
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– Faculty News
Prof. Luke Williams emphasizes why companies must change in order to remain competitive
June 13, 2013
Excerpt from Inc. Magazine -- "'A complacent company isn't disruptive. At best, it's slow to change and stuck in the wrong behavior pattern,' said Luke Williams, author of 'Disrupt,' during the World Innovation Forum Thursday."
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