Experience Stern | News & Events

On December 5, Associate Professor of IOMS Rene Caldentey, CBA Executive in Residence Rick Zeni, Professor of IOMS and Marketing and Co-director of the Center for Business Analytics Anindya Ghose, and Associate Director of the Center for Business Analytics Mandy Osborne, hosted a revenue management roundtable discussion.

Excerpt from Bloomberg Businessweek -- "If you’re traveling back to where you used to work, visit your previous employer, suggests Pamela Mittman, assistant dean of Career Services and Leadership Development at New York University’s Stern School of Business. You can also send personalized notes inviting alumni in the area to coffee or an informational meeting, she adds."

"Many of the problems with low wages and poor working conditions stem from the purchasing practices of global retailers. But too often, efforts to solve the problem focus on noncompliant factories and an endless cycle of inspections. The H&M announcement is another acknowledgement that the supply chain operations of global retailers are perhaps the most important place to look for improvements in wages and working conditions."

Excerpt from TIME -- “'Our lives are circumscribed by our everyday circumstances,' says Jonathan Haidt, a psychologist and ethicist at New York University’s Stern School of Business. 'When bad things happen, we want to know about them. This is why people rubberneck at traffic accidents.'”

Excerpt from Bloomberg TV -- "Right now, the American economy is growing at, let's call it 2%, its potential is probably 3.5. It's all private sector. The economy's flexible, dynamic and restructuring, but the thing is still fiscally constrained, although I think the fiscal drag is coming off. And on a longer-term basis, the American economy, the American government, has been under-investing. Governments make complimentary investments in human capital and infrastructure and things like that in all economies, including developing ones, and we're under-investing. So as long as we continue that pattern, I think the growth will be below the potential and it's very hard to break that pattern when you've got high unemployment and people who are feeling stressed."

Excerpt from The Huffington Post -- "Some may believe I am obsessed with collaboration. In my work and in my life I encourage CEOs, companies, organizations and individuals to come together to collaborate for the best results. Books like Co-opetition (Adam Brandenburger) and The Death of Competition (James F. Moore), as well as my own book Link Out report that when competitors work together, innovation results."

Excerpt from Business News Network -- "[The foreign exchange market] is pretty much an unregulated market for the most part. There are some national regulations, but if you ask who is the global policeman for the foreign exchange market, there is none. So this is the problem -- I think this is the same problem, or a similar problem, in the case of the LIBOR scandal. There is no clear policeman, although, nominally, the Bank of England and other British regulators, UK regulators, have been in charge, but they haven't really been following the details. So there is really no one in charge."

Excerpt from Clear Admit -- “'Ian Bremmer and the Eurasia Group set the standard of excellence for political risk analysis in business,' Stern Dean Peter Henry said in a statement. 'In coming to teach at Stern, Ian brings significant experience to our classroom on the interplay between political risk, economic policy and growth, and helps us in our mission to prepare students for effective global engagement.'”

Excerpt from Fast Company -- "R/GA, the agency behind Nike’s pioneering FuelBand, signaled its intentions to, well, accelerate this bridging of the digital and physical by launching Connected Devices Accelerator--a three-month intensive program for 10 tech startups, powered by Techstars methodology--earlier this year."

Excerpt from Forbes -- "Employers often complain that it’s tough to find qualified candidates not simply because there’s a lack of degrees, but because many jobs now require a hybrid mix of higher-order skills – even in areas that didn’t always require them years ago. As Ferguson, Hitt, and Tambe found in a big data study for The Talent Equation, just a small increase in the number of employees with college degrees in certain areas can have a considerable return on investment."

As part of NYU Stern’s “Leadership Off the Record” series, Jacob Silverman, who was recently appointed president of Duff & Phelps, a financial advisory and investment banking firm, spoke with MBA students about his career in finance and technology.

Excerpt from The Weather Channel -- "'Our research suggests to rely less on end-of-world scenarios and to emphasize instead the various ways in which our country – and our planet – has a rich and long history that deserves to be preserved,' said NYU Stern researcher Hal Hershfield, Ph.D., in a press release. 'By highlighting the shadow of the past, we may actually help illuminate the path to an environmentally sustainable future.'"

Excerpt from Bloomberg TV -- "The top 20% of income-earning households control 80% of the wealth. And, effectively, Apple controls those people from a technology standpoint. So while everyone's talking about Apple pricing too high and how Android has taken a ton of market share away, the reality is almost everyone that matters, at least economically, is carrying an Apple product. And also, moving to the tablet, three-quarters of the sales done off the iOS platform were done off of tablets, specifically Apple tablets."

Excerpt from Barron's -- "'What we are witnessing in many countries looks like a slow-motion replay of the last housing-market train wreck,' Roubini concludes. 'And, like last time, the bigger the bubbles become, the nastier the collision with reality will be..'"

Excerpt from Business Insider -- "'Indeed, a new NBER paper via Counterparties shows that 'Buffett's returns appear to be neither luck nor magic, but, rather, reward for the use of leverage [combined] with a focus on cheap, safe, quality stocks.' In other words, he buys boring stocks that offer steady, low returns, but he amplifies those returns by betting with borrowed money. 'We estimate that Buffett's leverage is about 1.6-to-1 on average,' write authors Andrea Frazzini, David Kabiller and Lasse H. Pedersen."

Excerpt from Strategy + Business -- "As Nobel prize–winning economist A. Michael Spence pointed out in his book The Next Convergence: The Future of Economic Growth in a Multispeed World (Farrar, Straus and Giroux)—selected by strategy+business as one of the best business books of 2011—we are living in the middle of a century-long journey during which the rest of the world will catch up with the developed economies of the West."

Excerpt from The Wall Street Journal -- "Putting sell ratings on stocks can make an analyst's job tougher, said Aswath Damodaran, professor of finance at NYU's Leonard N. Stern School of Business. 'You're given this small group of companies to track, and the very little edge you have comes from the access you have to the company,' he said. 'If you put a sell recommendation on the stock, you're burning bridges.'"

Excerpt from Forbes India -- "China is the second-largest economy in the world. Chinese companies are becoming larger so it’s only natural that they would want to expand out of the country. It’s a process of evolution. But there is a major challenge in going from a domestic market to an international market. The domestic market has a lot of fixed variables such as government policies and economic policies for competition. But when you globalize, you have to get used to the dynamics of the global marketplace, a lot of moving parts, and it’s very hard to do that."

Excerpt from Financial News -- "Libor rate-setting rules are being revised, as they should be. The FX investigation may discover individuals that need to be punished, and maybe some market conduct rules that should be changed. But that does not mean that the FX investigations should be allowed to turn into another instance of vengeance against banks to be settled by a round of multibillion-dollar fines paid by their shareholders."

New York University has named Ian Bremmer – political scientist, expert on foreign policy and political risk, and president of Eurasia Group – as a Global Research Professor.

Excerpt from Association for Computing Machinery -- "Data science might therefore imply a focus involving data and, by extension, statistics, or the systematic study of the organization, properties, and analysis of data and its role in inference, including our confidence in the inference. Why then do we need a new term like data science when we have had statistics for centuries? The fact that we now have huge amounts of data should not in and of itself justify the need for a new term. The short answer is data science is different from statistics and other existing disciplines in several important ways."

Excerpt from International Monetary Fund -- “'There is a whole host of problems that are fundamentally global in nature, but that require the additional tools of business to be applied with a broader lens,' Henry says. 'What role does finance play in helping us figure out how to allocate capital efficiently around the world? What role does marketing play in helping us think about how we reach poor consumers through digital media? How do we think about luxury consumers as not just high-income people in the United States and Europe, but also newly salaried female entrepreneurs in Nigeria and Indonesia?'”

Excerpt from Harvard Business Review -- "Research tells us there are certain 'competence cues,' such as speaking up, taking the initiative, and expressing confidence, that suggest leadership potential. These proactive behaviors can be good indications that a person has useful expertise and experience, or they might simply reflect deep-seated personality traits such as extroversion and dominance. However, there’s increasing evidence that people can propel themselves into proactivity by temporarily shifting their psychological frame of mind."

Excerpt from The New York Times -- "We all value freedom. But while classical economics encourages the complaint that safety regulations violate workers’ freedom, that complaint is misguided. It is little different from complaining that helmet rules violate athletes’ freedom. Of course they do — but with athletes as with workers, that’s precisely what people wanted."

Excerpt from The Wall Street Journal -- [Speaking of direct investing] "'You have to ask yourself, "Do I want to be a mini venture-capital firm?" and if the answer is no, then you're biting off more than you can chew,' says Aswath Damodaran, a finance professor at New York University."