Experience Stern | News & Events

Excerpt from The Washington Post-- "Petra Moser, a New York University Stern School of Business economist, has long studied patents and innovation, most notably in a widely cited analysis of two 19th-century world’s fairs. Patents don’t capture every human advance, she said, but 'they’re our most complete record of innovation.'"

Excerpt from NBC News-- "Ginsberg noted that the city and state aren't cutting Amazon a check — they're giving the company a break on state and city taxes it will be paying, money they wouldn't be getting otherwise. The state and the city say even with the breaks, the deal will create $27.5 billion in tax revenue over the next 25 years — a 9-to-1 payout on the investment."

Excerpt from CNN-- "'The regulators have not taken preventive action to prevent the buildup of risk,' says Richard Berner, who until last year ran the Treasury Department's Office of Financial Research. 'So they have to think about what they do when bad things happen.'"

Excerpt from Metro -- "'Due to Amazon, I think more retailers are offering deals year round,' he said. 'People are becoming a little bit, I’d say, skeptical about whether or not you’re going to get the best deal on Cyber Monday.'"

Excerpt from Fast Company-- “'Seventy-five percent of Americans can reach their phones without moving their feet 24 hours a day,' says Adam Alter, author of Irresistible: The Rise of Addictive Technology and the Business of Keeping Us Hooked. 'It’s easier to resist the charms of your inbox if it’s not within reach.'"

Excerpt from amNewYork-- "'The extra utility that consumers get from experiencing and playing ... it's almost like an artistic expression,' she added. 'In terms of getting people into physical stores, this is necessary. It's innovation that this is coming out of a dying medium, they have to.'"

Excerpt from the CNN-- "'This is a big brand crisis,' said Tulin Erdem, a professor of marketing at NYU's Stern business school. 'Sometimes brands do recover ... but on a scale of 1-10, [this is] really high up.' ... 'People are really influenced by what's happening online,' [Serdari] said. 'They do shop primarily online, and they're excellent researchers,' she said. They 'have experience in the luxury market and they really know what they're buying.'"

Excerpt from Il Sole 24 Ore -- (translated from Italian using Google Translate) "'There is a direct correlation between the economic slowdown and the rate of corporate bankruptcies,'..."

Excerpt from Financial Times-- "Two liberal academics take on what they portray as an epidemic of 'safetyism' in American universities that is threatening free speech and scholarly debate. The authors offer a tour of this new world, incorporating safe spaces, trigger warnings, micro-aggressions and de-platforming."

Excerpt from the Glamour-- "'Trust and authenticity are keys to buyers today, particularly millennials,' says Russell Winer, Ph.D., a professor and the deputy chair of the marketing department at NYU Stern School of Business. 'If that is destroyed, a company can be seriously hurt.'"

Excerpt from TopMBA -- "J.P. Eggers, Vice Dean of MBA Programs at Stern, suggested the school is both fully aware of the opportunity the move will provide and ready to play a big part in its success: 'We are thrilled that soon, Amazon will be in our backyard, providing an opportunity to leverage our unique locational endowment, as we do with many companies, to further the already strong connections between us.'"

Excerpt from the The New York Times -- "'The economic savings, feeling good about yourself having found a good deal, being a shrewd consumer,' she said, all add up to one key factor. Plus, because so many stores offer Black Friday sales, it’s easier to find discounts without having to search as hard as you might during the rest of the year. But, Dr. Erdem said, another reason Black Friday remains so popular is tradition."

Excerpt from MIT Sloan Management Review -- “Even after Amazon fills all their jobs, they’ll be workers left who would work for less than $15. So unless Amazon competes in a very tight local market, other firms won’t be forced to follow.”

Excerpt from Voice of America -- "Visualization of data is not only a skill for your IT folks. It's a competence that's needed throughout every organization... Today, when I train managers and executives in the visualization of data, first we focus on the impact and the business case. Then, we work through the technical details."

Excerpt from The Washington Post-- "'You buy one cheap item, and then you buy five items you don’t need at full price,' says Allen Adamson of New York University’s Stern School of Business. Adamson adds that shoppers often wrongly assume that everything is on sale."

Excerpt from WIRED-- "Even little efforts could effectively spook incumbents into reform. The academic Rob Seamans has found that 'the threat of entry is enough.' When a farmers’ co-op plans to roll out broadband, the big companies suddenly decide it’s time to upgrade."

Excerpt from Seeking Alpha -- (3:38) "The nature of valuation is not that you are trying to find every winner but that you are trying to find the next one. That said, Amazon has been a surprise in the making."

Excerpt from MIT Sloan Management Review -- “Carbon dioxide emissions create monumental social costs, which are not covered by industries that burn fossil fuels. Firms have no incentive to volunteer paying for these costs. In fact, that would be a really dumb business decision. This is a place where ‘self-regulation’ fails, and we need evidence-based government policies.”

Excerpt from Yicai Global -- "Debt management will be more difficult once confidence within the financial system disappears, Robert Engle, a Nobel Laureate in economics, told Yicai Global, adding that slowly reducing the debt ratio of state-owned enterprises and local governments, as well as safeguarding foreign investment can help to solve this challenge. An end to the China-US trade spat will also benefit both sides, he added."
 

Excerpt from the The New York Times -- "Expanding on their influential Atlantic article, the authors trace the culture of 'safetyism' on campus to a generation convinced of its own fragility, warning of potentially dire consequences for democracy."

Excerpt from Barron's-- "'It’s easy for a board to be alert when times are tough, but it’s very important for a board to maintain their vigilance when times are good,' she continues, adding that 'sometimes boards can be deferential to an iconic CEO' such as Ghosn. (Ghosn stepped down as CEO of Nissan last year while remaining chairman.)"

Excerpt from Forbes-- "Business professionals can learn a valuable lesson about the path to economic growth and innovation from Paul Romer, this year’s Nobel Prize winner in Economic Sciences (shared with William Nordhaus). Romer views the economy as a 'huge innovation discovery machine' that, in conjunction with government policy, can and should promote and provide technological innovation for everyone."

Excerpt from CNBC -- "Right now, rather than thinking about managing investor expectations, what Facebook really has to focus on is making sure that they don't lose the public trust."

Excerpt from Poets & Quants -- "'There’s an enormous opportunity to continue the growth of the technology sector in New York City that has been booming so much the last five years,' Eggers tells P&Q, 'to the extent that New York is seen as the only real competitor to Silicon Valley in the U.S. at this point in time in terms of scale, size, and growth rate.' ... 'Obviously we are excited about this opportunity and the fact that the door to more opportunities at Amazon — especially opportunities that would be local here in New York — is a real potential option for our MBA students,' he says."

Excerpt from Machine Design-- "Quirky illustrates a common thread among these geniuses and asks whether it’s possible to teach someone how to become one of the greats. In short, no—it isn’t. However, there are things that could aid or create an environment to yield people who are more aware of (and capable of) innovation on a grand scale."