Prof. Arun Sundararajan featured in Entrepreneur Magazine

asundaraIn a recent article in Entrepreneur Magazine, MSBA Professor Arun Sundararajan shared his thoughts on what is next for the sharing economy. With platforms such as Uber and Airbnb changing the way industries approach supply and demand, Professor Sundararajan argues that a diversification of new companies will enable consumers to leverage more peer-to-peer opportunities in the sharing economy:

In particular, the niche is primed for a number of service companies to make entry into the sharing economy easier than ever before, according to Arun Sundararajan, a professor at New York University’s Stern School of Business.

“The next wave of opportunities in businesses will be companies that look at how we support development of the sharing economy,” says Sundararajan, who specializes in the digital economy and the economics of sharing (among other subjects). “This means companies that make it easier for everyone to play a part, companies that really bring peer-to-peer into everyone’s life.”

To read the entire article in Entrepreneur Magazine, click here.

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Op-Ed by Prof. Vasant Dhar Featured on CNBC

vdharMSBA Professor Vasant Dhar’s opinion editorial Bright lights, big data: What the market may tell us about a correction was recently featured on CNBC. His commentary examined how “big data based sentiment” may be a valuable addition to market indicators and a crucial component of investment decision making:

“…Professional investors cannot ignore the emergence of a new and critical class of “factor” in their investment models—namely, big data based sentiment, and the growing capability for market participants to extract and measure it reliably.

This new type of factor, which is very different from indices such as the Michigan consumer sentiment index, may well join the ranks of key determinants of investment performance, alongside traditional factors such as value and momentum that have been used for decades on Wall Street.”

To read the entire article on CNBC, click here.

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Prof. Foster Provost’s Book Highlighted by Fortune Magazine

Foster Provost BookMSBA Professor Foster Provost’s book Data Science for Business was recently highlighted by Fortune Magazine as one of the top books read by business students today. The reading list, which recommends books MBA professors have on their fall syllabi, features Data Science for Business as a key resource for students at MIT, Insead, and Northwestern.

“There is no other book on practical data science for business applications that simultaneously has as much authority and as much clarity,” says Sinan Aral, a management professor at MIT’s Sloan. “Students cannot stop raving about this book.”

To read the entire book list by Fortune Magazine, please click here.

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Research Highlight: Professor Ghose Receives Two Best Paper Awards

Congrats Prof. GhoseMSBA Professor Anindya Ghose recently received two best paper awards in top Management Science and Information Systems Research (ISR) journals, a unprecedented achievement to achieve in one year.

First, his 2011 paper “Deriving the Pricing Power of Product Features by Mining Consumer Reviews“ received the Best Paper award of all papers published from 2011 to 2013 in Management Science, awarded by the INFORMS Information Systems Society.

In addition, his paper “An Empirical Examination of the Antecedents and Consequences of Contribution Patterns in Crowd-Funded Markets,” published in Information Systems Research (ISR), received the 2013 Best Paper award.

Congratulations Professor Ghose!

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Prof. Arun Sundararajan Examines Uber’s Expansion into India

UberIn a recent article in The Economic Times, MSBA Professor Arun Sundararajan discussed Uber’s recent plans to invest $400 million in business development in India. The proposed funding would be used to strengthen its presence in the Indian taxi market, which is currently worth around $9 billion but only 4 – 6% organized.

“The density footprint in Delhi or Bangalore is not even comparable to its fleet in say New York city. There is plenty of room for Uber to expand,” said Arun Sundararajan, a professor at the Stern School of Business in New York whose research is focused on digital economics.

“In India there is a rapidly growing middle class and a lack of good infrastructure, so it makes a lot of sense for a company like Uber to take the market seriously.” 

To read the entire article on The Economic Times, please click here.

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Prof. Anindya Ghose Examines Mobile Crowdsensing in Award-Winning Research

profIn a recent research paper titled Mobile Crowdsensing, MSBA Professor Anindya Ghose and co-authors Michelle Andrews, Xueming Luo and Zheng Fang examined how mobile phone users interact with mobile messages on crowded trains. The paper- which won the Best Track Paper and the Best Overall Conference Paper Award at the 2014 Annual Marketing Association (AMA) conference- offered evidence that as trains become more crowded, people engage more with their mobile devices and are more likely to respond to mobile messaging. As Domain-b summarizes,

The researchers found the change in behavior can be accounted for by the phenomenon of ”mobile immersion”: to psychologically cope with the loss of personal space in crowded trains and to avoid accidental gazes, commuters can escape into their personal mobile space. In turn, they become more involved with targeted mobile messages they receive, and, consequently, are more likely to make a purchase in crowded trains.

To read the entire article, please click here.

To read Mobile Crowdsensing, click here.

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Prof. Arun Sundararajan Examines Responsibility in the Sharing Economy

asundaraAs new peer-to-peer and sharing technologies blur the lines between personal and commercial economies, these new platforms also have the potential to thwart crucial consumer and employee protections. In a recent editorial on Policy Network, MSBA Professor Arun Sundararajan examined how the responsibility for this protection in the sharing economy must be shared when developing new social safety measures:

As the scale of peer-to-peer expands, however, society needs new ways of keeping consumers safe and of protecting workers as it prepares for an era of population-scale peer-to-peer exchange. Governments need to understand and embrace this ongoing transition rather than impeding it, realizing that society’s interests are best served if they wield regulatory power to proactively partner with or delegate responsibility to the platforms. In tandem, forward-looking platforms should embrace their new responsibilities, rather than resisting them: participating in the provision of the social safety net is smart capitalism in the long run.  

To read the entire article, click here.

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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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