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Cultures of Nonprofit Trusteeship: What Lies Beneath? - By Jeffrey S. Simonoff
Nonprofits tend to think about boards in a way that assumes that they are nonporous entities—a kind of standardized form with few variations. But the opposite is true: nonprofit boards of directors are deeply influenced by any number of “silent” factors beyond whether they happen to adhere to commonly agreed-upon standards of governance. Our research indicates that they are influenced by their geographic regions, the fields in which they practice, the social era (and theories of change) from which that field emerged, and the regulatory and funder-driven standards of that field, to name a few.
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A Candid Advantage? The Social Benefits of Candid Photos - By Alixandra Barasch
Candid photos elicit more favorable responses in the context of friendship and dating because they seem more genuine, according to joint research from Professor Alixandra Barasch.
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By Mollycoddling Our Children, We're Fuelling Mental Illness in Teenagers - By Jonathan Haidt
We talk incessantly about how to make children more “resilient”, but whatever we’re doing, it’s not working. Rates of anxiety disorders and depression are rising rapidly among teenagers, and in the US universities can’t hire therapists fast enough to keep up with the demand. What are we doing wrong?
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The True Cost of Public Debt - By Thomas Philippon
Public debt in developed countries soared during the 2008 financial crisis and the 2011-2012 Eurozone crisis. The debt-to-GDP ratio is around 87% on average in the euro area, but it is close to 100% in France and Spain, and over 130% in Italy. For ten years, these countries have made considerable efforts to reduce their deficits and reduce their debts.
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Trump vs. the Economy - By Nouriel Roubini
Financial markets have finally awoken to the fact that Donald Trump is US president. Given that the world has endured two years of reckless tweets and public statements by the world’s most powerful man, the obvious question is, What took so long?
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How Inequality Undermines Economic Performance - By A. Michael Spence
About a decade ago, the Commission on Growth and Development (which I chaired) published a report that attempted to distill 20 years of research and experience in a wide range of countries into lessons for developing economies. Perhaps the most important lesson was that growth patterns that lack inclusiveness and fuel inequality generally fail.
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The Competitive Landscape of AI Startups - By Robert Seamans
Big tech companies are pouring tens of billions of dollars into research on artificial intelligence (AI). Can small startups hope to enter AI markets and compete effectively?
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How McKinsey & Co Fails as a Global Leader - By Michael Posner
Few companies in any industry have built a reputation for leadership that McKinsey & Company has in the world of management consulting. Each year, the best and brightest students from the most prestigious colleges and business schools compete for the privilege of joining the firm. They do so knowing that they will receive superior training, work on cutting-edge issues with top global corporations and governments, and be able to add the McKinsey name to their resumes.
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The Art of Balancing Autonomy and Control - By Hila Lifshitz-Assaf
Today, managers recognize that innovation requires a high level of work autonomy for their employees. This encourages curiosity, enables independent thinking, and provides an environment in which employees can experiment and test new problem-solving approaches with minimal fear of failure. At the same time, top-level management and shareholders expect managers to innovate at an increasingly demanding pace, putting top-down pressure on employees to channel this autonomy into productivity. The challenge for managers becomes figuring out how to balance autonomy and control in order to achieve organizational goals without jeopardizing innovation.
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How Helping Refugees Helps Brands - By Tülin Erdem, Vishal Singh and Qianyun Zhang
Report from the Tent Partnership for Refugees and NYU Stern demonstrates that when brands support refugees, American consumers – particularly millennials – are more likely to purchase their products.
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Helping Refugees in the U.S. Turns Out To Be Good For Business - By Tülin Erdem & Selcuk Sirin
Refugees are at the center of a political debate that heated up during the 2016 elections and has only increased in intensity since the 2018 midterms and the arrival of a refugee caravan at the US-Mexico border. Despite the polarized rhetoric in these discussions, businesses have been taking a stand in support of refugees. In the past two years, more than 100 companies have publicly joined the Tent Partnership for Refugees, a non-profit with a mission to develop and implement concrete business commitments to refugees.
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Why We Should Care About Human Rights: The Universal Declaration of Human Rights at 70 - By Michael Posner
On December 10, the United Nations will mark the 70th anniversary of the Universal Declaration of Human Rights. In an era of spreading nationalism and gross violations in places like Yemen, Myanmar, South Sudan and Venezuela, it is fair to ask whether the Universal Declaration and the global human rights movement have improved the human condition. And given these contemporary challenges, there’s the further question of where we go from here.
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How PwC's Tim Ryan Learned to Talk About Race (and How You Can, Too) - By Dolly Chugh
On December 7, 2018, companies across the United States will engage in a “Day of Understanding.” The specific activities of the day will vary from company to company, with the shared goal of striving for workplaces that are “trusting places for having complex, and sometimes difficult, conversations about diversity and inclusion." The companies are all part of CEO Action, a coalition of more than 500 CEOs led by Tim Ryan, chairman of PwC United States.
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FinTech in Sub-Saharan Africa: What Has Worked Well, and What Hasn’t - By David Yermack
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Growth in the Fintech sector in sub-Saharan Africa has been uneven, with some countries far outpacing others. NYU Stern Professor David Yermack investigates possible causes in a new working paper, “FinTech in Sub-Saharan Africa: What Has Worked Well, and What Hasn’t.”— Research Highlights
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May’s Brexit Deal Is a Betrayal of Britain - By Mervyn King
When Tony Blair and Boris Johnson unite in their condemnation of the “deal” under which Theresa May proposes that the U.K. should leave the EU, you know something has gone badly wrong. The withdrawal agreementis less a carefully crafted diplomatic compromise and more the result of incompetence of a high order. I have friends who are passionate Remainers and others who are passionate Leavers. None of them believe this deal makes any sense. It is time to think again, and the first step is to reject a deal that is the worst of all worlds.
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