Experience Stern | News & Events

Disruptive leadership is an essential skill for any business leader, from a start-up to a global corporation, with the desire to transform organizational processes and behaviors. This program is intended for those who wish to rethink the habits that have made them successful in the past, and challenge the conventional wisdom and industry models that have defined their businesses.

Excerpt from the Foundation for Economic Education blog -- "Alain Bertaud, the world’s foremost expert on land-use regulations in developing countries, has long been pointing out how zoning regulations have ruined Mumbai. Mumbai does not have bridges that connect the mainland to docks. As Bertaud points out, such bridges built across San Francisco Bay and Pearl River Delta have turned topographical liabilities into assets. According to Bertaud, with coastal zone regulations as stringent as Mumbai, New York, Hong Kong, Singapore, San Francisco, and Rio de Janeiro would not even have been built."

Excerpt from WIRED -- "'One is very modest in the sense that you say, you can’t change anything about the political and legal framework or social norms, but we can get some of the most important elements of design right,' says Paul Romer, founding director of the Urbanization Project at NYU’s Stern Business School. That’s the conservative approach. 'The other extreme,' Romer says, 'is you build a city and put it in a new zone, and try out different legal and political structures, and even try and create new social norms.'"

Excerpt from Inc. -- "Telling more stories of this nature--related by small-business owners rather than Clinton herself--could have a significant negative effect on Trump's campaign, says Ari Ginsberg, professor of entrepreneurship and management at New York University's Stern School of Business. Trump's response is equally as important, Ginsberg says. The least effective reply would be to attack the character or integrity of Tesoro. Instead, Ginsberg says, 'Trump is more likely to be successful with counterattacks that shine a negative spotlight on Hillary Clinton herself.'"

Excerpt from Yahoo Finance -- "The main issue is that accounting is hopelessly behind business development. Starting [in] the mid-80s, companies changed completely the business models, to investments in tangibles, in brands, in patents, in information systems, out of fixed, heavy assets, machines, factories. Accounting still provides information on those assets that are on the decline and not on those that are increasing."

Excerpt from Bloomberg -- “'There’s no doubt that you would expect some slowdown, because of the sheer uncertainty, which will affect investment,' King said at an event at the Wall Street Journal in London on Thursday. 'What’s important therefore is to fairly quickly put in place a strategy to help carry out the trade negotiations.'"

Excerpt from Bankrate -- "'There's a lot of uncertainty and that makes investors -- the capital markets -- nervous, and they run to safety,' White says. 'And safety, at the moment, is the U.S.'"

Excerpt from Quartz -- "'I don’t believe the Indian market will be able to sustain two big domestic players and one big international player,' said Anindya Ghose, director of New York University’s Center for Business Analytics. 'In about three years, I believe, the Indian market will have to consolidate into one international and one domestic player. So it will be Amazon, and either Flipkart or Snapdeal.'"

Excerpt from Charlie Rose -- "For a hundred years, the individual has been a provider of labor. Now, we're creating a wide variety of models of engagement between the individual and the institution that sort of allow the individual to... ascend past that labor provider rule, and take on some form of ownership."

Excerpt from The Guardian -- "A study out of the NYU Stern School of Business found women in positions of power are consistently considered to be less trustworthy than men holding the same positions; the study was recently replicated and reconfirmed by Anderson Cooper. And research from the Barbara Lee Foundation pinpoints a pedestal effect, where when a woman running for office fails to meet a high bar set for her she is disproportionately dinged by the public, more than her male counterparts."

Excerpt from Al Jazeera -- "There's tremendous uncertainty. Not only is there the economic uncertainty that was created by the referendum decision, but also there is very significant political uncertainty. The Labour Party is in disarray. There is a leadership battle for the Conservative Party. We don't also see a very strong politician who might be willing to reverse the referendum decision at the Parliament level. That would be the best of all worlds, in my opinion. But we don't see somebody like that. So we are still in very major uncertainty."

Excerpt from The Wall Street Journal -- "Very long run forces are pushing us toward automation and the increasing substitution of capital for labor. As we get there, there is a shift in how we are organized at work. It reflects the fact that we have these platforms coming between the firm and the market. There will be labor that in some ways doesn’t fit into either."

Excerpt from Reuters -- "'Bangladesh is still very competitive, so we may not see a dramatic pullout,' said Labowitz of the Center for Business and Human Rights. 'But there may perhaps be a slow trickle of buyers losing confidence and looking elsewhere,' she said."

Excerpt from Bloomberg View -- "A model set up by economists at New York University regularly performs a sort of simplified stress test on the world's largest financial institutions. It does so by asking the stock market what it thinks about the value and riskiness of the banks' assets, then using that information to estimate what would happen to the banks in a severe crisis -- and how much added equity capital they would need to avoid distress."

Excerpt from FAZ -- "Fast computers, algorithms and so-called live feeds of data from different exchanges can help investors decide what and when they buy or sell. Therefore, investing is an increasingly more resource-intensive process."

Excerpt from Business Insider -- "In this case, according to Galloway, Tesla did three things right:

It acknowledged the problem in a blog post on its website Thursday.
Had the top guy address the matter head-on.
And it overcorrected; reiterating Autopilot's limitations, and reminding drivers to stay alert, even with the feature activated."

Excerpt from Indianapolis Business Journal -- "New York University real-estate professors Jeanne Calderon and Gary Friedland are the foremost academic experts on EB-5 and published 'A Roadmap to the Use of EB-5 Capital.' The database lists 27 major projects that have sought a total of $5.4 billion in EB-5 financing."

Excerpt from The Harvard Business Review -- "What’s tripping us up? Robert H. Frank, a Cornell economist and the author of Success and Luck, provides one explanation: We just don’t see the large role that chance events play in people’s life trajectories. If someone lands a great job and makes lots of money, we interpret those outcomes as evidence of smarts and hard work. (We look at our own lives the same way.) As for those who don’t thrive? Well, we tell ourselves, maybe they’ve caught a bad break here and there, but they could turn things around if they tugged on their bootstraps a bit harder."

Excerpt from Forbes -- "In a recent paper, Thomas Philippon from New York University finds the annual cost of financial intermediation in the U.S., which is roughly 2%, is the same now as it was in the late nineteenth century. This leads him to conclude that the US finance industry has showed no efficiency gains at all over 130 years."

Excerpt from Mic -- "[Brexit] is a major setback for the European Union in particular because the whole idea of integration was actually to expand as much as possible, within the European countries, not shrink it. So that's a major issue. It's a major issue both from a political point of view and also from an economic point of view."

Excerpt from The Washington Post -- "Full-time employment, in other words, means something a lot better than could have been the case, Sundararajan argues. And it’ll take us time to figure out how to do the same for work in the new crowd-based capitalism. 'When we transition to the individual-is-an-owner model,' he adds, 'you’re starting at a better place fundamentally.'"

Excerpt from the Los Angeles Times -- "'Unless statistics show this is not only as dangerous but more dangerous than traditional modes of driving, I don’t think you’re going to see a slowdown' in using the technology, [Galloway] said."

Excerpt from CNBC -- "'The system would be safer if the disbursement of capital remains limited,' said Kim Schoenholtz, professor of management practice in the New York University economics department. 'The level of capital requirements is too low.'"

Excerpt from Luxury Daily -- "'John Lobb is a brand whose DNA relies on the one-on-one relationship between the craftsman and the customer,' Ms. Serdari said. 'It is the tacit knowledge John Lobb’s craftsmen have about the brand’s customers from doing bespoke order after bespoke order that gives them that extra confidence in manipulating the materials.'"

Excerpt from Bloomberg -- "The fact that pretty much the banks are getting a clean bill of health, seems to me slightly overoptimistic, in the sense that we can see that the bank capital ratios have improved over the last several years. But I don't think that they're kind of where they ought to be. So I think there's still work to be done."