NYU Stern Dean Peter Henry Discusses “Turnaround” With Book TV

dean henryNYU Stern School of Business Dean Peter Blair Henry recently sat down with Book TV to discuss his book Turnaround: Third World Lessons for First World Growth.

In the interview, Dean Henry examines how the United States and other first world countries can become more prosperous by examining the policies of developing countries, with a focus on lessons of discipline, clarity, and trust.

To watch the entire interview on Book TV, click here. 


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Prof. Ghose Examines the Challenges of Crowdsourcing

aghoseIn a recent Wall Street Journal editorial, MSBA Professor Anindya Ghose shared his insight on crowdsourcing and the rise of the on-demand workforce. While both startups and large corporations have embraced crowdsourcing as a way to cultivate new ideas and enhance their businesses, this collaboration also comes with a unique set of challenges:

“It is not always straightforward to reach a consensus based on group decision-making. Hundreds of individuals will have different expectations that can be a challenge to manage all at once. So a task, such as designing a product through group thinking can become ineffective. Startups and entrepreneurs need to be careful about when in the product development life cycle they decide to reach out for inputs from the crowds. In some situations idea refinement and feedback is very useful in the early stages of the lifecycle, when reworking ideas is cheaper. But in many situations when there is a credible threat of intellectual property contamination by releasing an idea too early it is better to crowdsource after you have a product, not before. This can minimize susceptibility to plagiarism.”

To read the entire article, click here.

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TRIUM #1 in 2014 Financial Times Executive MBA Rankings

TRIUMIn the 2014 Financial Times ranking of Executive MBA programs, NYU Stern’s global TRIUM program was rated #1 of over 100 international EMBAs.

TRIUM, which NYU Stern heads in conjunction with HEC Paris and the London School of Economics, jumped ahead of both the Kellogg School of Management and Hong Kong University of Science and Technology, which held the top ranking for the last five years.

According to the Financial Times,

“Trium is ranked first for the work experience of its alumni before the programme, second for aims achieved and third for international course experience.

Trium’s alumni value studying alongside senior and international classmates. ‘It allowed us to exchange [ideas] among ourselves and derive as much additional knowledge as [we gained] from the course itself,’ says one.”

To see the other EMBA rankings and read the entire article, click here.

To learn more about TRIUM, click here.

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Prof. Arun Sundararajan Examines the Sharing Economy on PBS News Hour

arunAs America introduces new technologies to utilize people’s otherwise underutilized time and assets, the “sharing economy” has the ability to enrich micro-entrepreneurs. However, what cost do these platforms have to established businesses? MSBA Professor Arun Sundararajan recently spoke with PBS News Hour to discuss some of the conflicts and benefits of the sharing economy:

“There’s no clear way of predicting that people are going to lose their jobs in the long run. There’s definitely going to be a shift, in the same way that a century ago, like, 25, 30 percent of the United States worked in agriculture. Today, it’s less than 1 percent.”

To watch the full video, click here.

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Prof. Vasant Dhar Examines the Importance of Business Analytics in Companies

vdharWith more data available to tap than ever before, many corporations are looking to hire employees with business analytics skills. MSBA Professor Vasant Dhar recently spoke with Treasury and Risk to examine why business analytics is becoming increasingly important to companies:

“The amount of data that’s being generated just doubles every year,” said Vasant Dhar, a professor and head of the information systems group at NYU’s Stern School and co-director of Stern’s Center for Business Analytics. “In the old days, data was something that was collected painfully and there wasn’t too much of it. Now we’re in an age where everything is recorded almost as a by-product of how we function.

“The fact there’s so much that’s out there and available opens up a whole new world of possibilities and risks,” he added. “This is the new math; it’s a new way of functioning and thinking about the world.”

To read the entire article, click here.

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Prof. Arun Sundararajan Examines How the Sharing Economy Can Help Cities Prepare for Events

city labProfessor Arun Sundararajan recently examined how investments in the sharing economy can help cities prepare for large events, as part of a CityLab discussion on the hotel and tourist infrastructures in cities hosting the World Cup.

Cities can invest in “invisible infrastructure,” said Arun Sundararajan, professor of information sciences at New York University, “without having to spend on steel and concrete.”

To learn more about how the sharing economy can help drive down prices for events, click here.

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Prof. J.P. Eggers Examines the Evolution of Tech Companies

JP EggersMSBA Professor J.P. Eggers recently sat down with NewCo Chairman John Battelle to discuss “Tech Darwinism” and the evolution of technology companies on Bloomberg. Professor Eggers examined the fast-moving life cycle and industry dynamics that may cause disruptions for older companies.

The following is an excerpt from the discussion:

The cycle certainly seems to be faster. The pattern is still relative to what we see in other industries. The challenge is that, in many industries, the dynamics just don’t move as fast. Things don’t replace new technologies, steel and airlines and things like that, as often, whereas in the tech world, the life cycles are much more compressed. But the same basic pattern shows up whether we look at manufacturing or retail or technology.

To watch the full video, click here.

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Prof. Anindya Ghose Interviewed by Fox TV

NYU Stern MSBA Professor Anindya Ghose was recently interviewed by Alison Morris of Fox TV, examining whether or not a tech stock bubble currently existed.

Professor Ghose disagreed with the presence of a bubble, arguing instead that while some stocks may have astronomical valuations, the current tech boom is very different from that of 1999-2000. He also commented that social good can come out of tech bubbles, despite some damage:

There’s a lot of good that came out of the 1999-2000 dot-com bust. E-commerce is what it is today because of what we’ve learned from our mistakes in the past. There is collateral damage- investors lost, but society benefited. 

To watch the entire interview, click here.

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Prof. Arun Sundararajan Discusses Technology’s Impact on the Future of Business

asundaraNYU Stern MSBA Professor Arun Sundararajan was recently interviewed by Matt Gordon of Pivot, a conference that explores the problems faced by today’s most active Social Businesses. He discussed potential disruptions to the commercial real estate, healthcare and energy industries, and examined the social and economic changes made possible by the changing digital business landscape:

I see a shift in the dominant model of company ownership – right now the US is at a point where a vast majority – a very large fraction of economic activity is conducted by businesses that are shareholder corporations – traditionally public traded companies or privately-backed private companies.  I think that mix is going to change substantially in two ways.  One way in which it will change is that we will see a lot more independent businesses –a lot more individual owners of some production or service that creates economic value.  I also think that we will be experimenting with a wide variety of new co-operative business ownership models.  I don’t know for sure whether any of these are going to be successful or as dominant as shareholder corporations but it’s certainly going to be an interesting time.

To read the entire interview, click here.

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Prof. Sundararajan Shares Insight on Taxi Sharing

New York City Taxis (via Flickr)

New York City Taxis (via Flickr)

Although car-sharing companies such as Uber and Lyft already offer alternatives to traditional taxis, new taxi “ride-sharing” programs have the potential to revolutionize New York City’s transportation system. By sharing a taxi with strangers travelling in the same direction, taxi companies can save on service costs and pass these savings onto consumers.

Yet, while ride-sharing is beneficial to the city’s transportation infrastructure at large, these programs may also offer benefits to passengers’ personal well-being. In a recent Newsweek article, MSBA Professor Arun Sundararajan shared his insight on how human connectedness may be impacted by ride-sharing technologies:

In a world where technology and efficiency have provoked greater loneliness, something as simple as sharing a ride in a taxi may improve our health and well-being. Arun Sundararajan, a New York University professor specializing in the digital economy, says that while technological progress yields greater institutional efficiency, “a byproduct is a growing drop in the level of connectedness people have.” Sundararajan points to studies that show loneliness can have negative health effects. But there might be a way to counteract this depressing fact of contemporary life.

The sharing economy, he says, can “bring back that human connectedness into economic interactions that used to be individual, isolated, solitary and faceless.”

To read the entire article, click here.

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