News

8 Books Every Leader Needs to Read in 2017

Lists Superbosses: How Exceptional Leaders Master the Flow of Talent by Sydney Finkelstein, the Steven Roth Professor of Management, as one of the best business books to read in 2017.

Feb 22, 2017

Across Top B-Schools, MBAs Open Up

An article by Nicole Burns T’17 and Matthew Bubley T’17 highlights the efforts by business school students and faculty to take a stand and speak out about political and social movements. The article mentions the petitions created by Andrew King, professor of business administration, and notes the rally organized by Erin Dunn-Franklin T’17 in response to President Trump’s executive order banning travel from seven predominantly Muslim countries.

Feb 22, 2017

Why Statisticians Worry about Alternative Economic Facts

As a guest on “Bloomberg Markets,” Dean Matthew Slaughter discusses President Donald Trump's approach to economic analysis and potential changes to how U.S. trade data is reported. “The trade statistics are one of the most important pieces of data that the U.S. collects in order to inform how the U.S. is working and competing in the global economy. The reports that are out regarding how the export numbers would be altered—I know of no problem that would solve, but I know of many problems that would introduce for not only how we understand and see how our economy is doing, but more fundamentally about the integrity about our U.S. government statistics,” says Slaughter.

Feb 21, 2017

6 Reasons Smart People Fail

Cites research by Sydney Finkelstein where Finkelstein and his colleagues studied 51 of the business world’s most notorious failures—interviewing CEOs and people from all levels. “He and his team found that the poor decisions these smart leaders made were sometimes intentional and sometimes accidental, but they always followed a clear pattern of hubris that ensured even the most successful enterprise could be run into the ground,” writes Inc.

Feb 17, 2017

The Monetizing of the President

Quotes Kevin Lane Keller in an opinion piece discussing four ways President Donald Trump stands to gain financially from his term in office. Keller argues that President Trump’s usage of Mar-a-Lago as the “Winter White House” is the modern day equivalent of "George Washington slept here." "You would expect that Mar-a-Lago would benefit from being seen as the Winter White House," says Keller.

Feb 17, 2017

Tuck MBA Shares Her Refugee Experience

Ema Reid T’17 shares her family’s experience as refugees from the war in Bosnia-Herzegovina. Reid delivered a Tuck Talk on the subject in 2016 and, realizing her story could enlighten and inspire others, recently posted a video of her speech on social media after President Trump signed an executive order on immigration. “When we think of refugees, we often think of poor people on a boat, because that’s all the media ever portrays,” says Reid. “Hopefully my story will sort of humanize what a refugee is. And I want people to understand that refugees are just seeking kindness and normalcy and safety—versus more of what seems to be happening now, which is a door being slammed in their face.”

Feb 15, 2017

U.S. Trade Deficit Last Year Was Widest Since 2012

Quotes Dean Matthew Slaughter about how there is “tension” between President Trump’s goals on fiscal policy and trade. “The desire for fiscal expansion…will tend to increase the trade deficit’s overall size, not reduce it,” says Slaughter.

Feb 07, 2017

In the Tax Reform Debate, Congress Must Consider Affordable Housing

An opinion piece written by John Vogel discusses the benefits and efficiency of the Low Income Housing Tax Credit for families, the government, and private sector investors. “It is not perfect, but until a replacement has been presented, debated and tested, the Low Income Housing Tax Credit is the best funding mechanism we have,” writes Vogel. “Maybe we can make it even better.”

Feb 06, 2017

Gap Pushes New Campaign with Children of Its ‘90s Spokespeople (and Naomi Campbell)

Quotes Kevin Lane Keller about Gap’s new campaign being used to promote the reissue of ‘90s apparel. Keller noted that integrating the new advertisement will require on-trend merchandise and a cohesive store experience. "Gap has had some great advertising campaigns in the past, so the idea of doing something that reflects their heritage, but done so in a modern way…that part I'm okay with," says Keller. "But it's all going to come down to what's in the stores and everything else."

Feb 02, 2017

‘Deeply Concerned’: Corporate America Responds to Trump’s Travel Ban

Quotes Sydney Finkelstein about the growing number of companies objecting to President Trump's immigration order and consequently speaking out. "Every single CEO of any company of magnitude is thinking and feeling pressure and trying to decide what to do," says Finkelstein. "Some are speaking out naturally. Others are being more deliberate and strategic and recognize there could be a downside."

Jan 30, 2017

Vogel: South Korean Comparison

In his latest VPR interview, John Vogel compares South Korea’s loss of manufacturing jobs and housing system to the United States. Vogel notes that while it’s unlikely that South Korea’s housing system would work in the U.S., examining their tax code is a good reminder of the unpredictable outcomes of tax reform.

Jan 24, 2017

Six Thought-Provoking Books for Business Education Students

Lists Three Box Solution: A Strategy for Leading Innovation by Vijay Govindarajan, as one of the top thought-provoking books for business education students.

Jan 24, 2017

Trump’s Inaugural Address Suggests Break with Foreign Policy Tradition

As a guest on "All Things Considered," Dean Matthew Slaughter discusses President Trump’s inaugural address. Trump’s remarks suggest he’ll break from the tradition of taking a broad view of U.S. national interests. "There was clearly enlightened self-interest. It was to help make our country more secure, and it was to help grow good jobs at good wages," says Slaughter.

Jan 23, 2017

Want to Change the World? Don’t Look to Davos.

In his latest piece for "Syd Weighs In," Sydney Finkelstein discusses how the World Economic Forum has little to do with resolving the world’s problems or progress—it’s the ordinary, everyday people who make the difference. “So forgive me for not being impressed with the people at Davos,” writes Finkelstein. “They are acting in a complex play, being seen in the practice of helping the world be a better place. But the people I encounter every day, they aren’t acting. They’re doing. And I’ll take doing over acting every day of the week.”

Jan 18, 2017

Robots Will Take Jobs, but Not as Fast as Some Fear, New Report Says

Quotes Dean Matthew Slaughter in an article about how robots are coming, but the implementation of automation in the workplace will displace jobs more gradually than forecasts suggest. "We have more time than we think to adjust to the world that technology makes possible," says Slaughter.

Jan 12, 2017

For New Hires at Alibaba, a Crash Course in Chinese Business

Quotes Matthew Shofnos T’16 about Alibaba’s new, yearlong immersion program in Chinese business, language and the company’s culture. The program aims to produce China-trained, globally minded leaders able to make and manage partnerships with Western retailers. “Earlier in his career, he realized that being ‘an American company’s China guy’ wasn’t going to happen, thanks to lackluster Mandarin skills,” writes The Wall Street Journal. “With Alibaba, he said, ‘I can absolutely be a Chinese company’s American guy.’”

Jan 10, 2017

Donald Trump’s Power to Move Markets

As a guest on "Here and Now," Dean Matthew Slaughter discusses the power the president has to move markets. “The power is substantial. The president is the commander in chief, and is, in some broad sense, the chief economic policy leader of the United States. When he or she speaks, if it's relevant to a particular company or a particular industry, markets, historically, can move and have moved quite a bit," says Slaughter.

Jan 02, 2017

How to Rebalance Your Mutual Fund Portfolio

Quotes Kenneth French on why individuals looking to balance their mutual fund portfolios should choose index funds over active ones. “You should expect to lose. It’s really hard to identify the great managers,” argues French about selecting active funds. “You are wasting your time and money trying to beat the market.”

Dec 27, 2016

Doing Business in India Requires a Mobile-First Strategy

An opinion piece co-authored by Vijay Govindarajan explains why launching new business opportunities in key Indian industries will require companies to have a mobile-first strategy and implement 4G technology.

Dec 23, 2016

We’re Totally Misunderstanding the Difference between Mexico and China

References an economic model by Emily Blanchard and co-authors Robert C. Johnson of Dartmouth's economics department and Chad Bown, senior fellow at the Peterson Institute for International Economics, in an article about the economic relationships the U.S. has with China and Mexico. Blanchard and her co-authors “estimate that about 11 percent of the value of goods manufactured in Mexico come from American-made inputs. With automobiles, the figure is 14 percent. With electrical equipment, it rises to 19 percent. For China, the numbers are a lot lower — about 2 percent on average,” writes The Washington Post.

Dec 19, 2016

Immigrants Innovate

An opinion piece by Dean Matthew Slaughter about how President-elect Donald Trump's assumption that immigrants damage, rather than enhance, the prospects for U.S. workers couldn't be further from the truth. "Skilled immigrants tend to complement, not substitute for, native-born workers in U.S. companies," says Slaughter. "A recent ambitious study of hundreds of America's most innovative companies found that when these U.S. companies hire more skilled immigrants, their employment of native-born skilled workers rises as well."

Dec 19, 2016

When to Send an Investing Model into Retirement

Highlights the three-factor model of investment returns that was introduced by Kenneth French, the Roth Family Distinguished Professor of Finance, and his colleague Eugene Fama, Nobel Prize–winning University of Chicago economist, in an article that discusses when it’s time to retire a theory.

Dec 14, 2016

Algorithms Are Making Us Small-Minded

In his latest piece for "Syd Weighs In," Sydney Finkelstein examines the consequences of living in a world that is curated by the use of algorithms. "As the new year approaches, think of it this way: As algorithms and artificial intelligence become better at predicting our needs and narrowing our focus, our ability to adapt and keep learning new things may become crucial to our value as people—in business and in life," writes Finkelstein.

Dec 13, 2016

Fed Watch: What’s Ahead for Rates in 2017?

As a guest on Bloomberg’s “What’d You Miss?,” Peter Fisher, senior lecturer and senior fellow at the Center for Business, Government & Society, discusses the outlook for the Fed and the timing of the Fed rate hikes in 2017, the importance of monetary policy to investors, the impact of political risk on the markets, and the outlook for Japan's economy. "The fed is going to have to reflect that the economy is a littler firmer than it was in September, the labor market is a little tighter, and the inflation measures have moved a little further,” says Fisher.

Dec 12, 2016

Bending the Arc of History

Matthew Rees, senior fellow at the Center for Business, Government & Society, opines on the future of progress and innovation. Rees concludes that improving the state of human societies— such as a rise in well-being and living standards—isn’t easy to do. “It requires a mix of enlightened public policy and enterprising human capital, as well as social and political stability and an ability to adapt to new ideas,” writes Rees. “Throughout history, societies have struggled to get this recipe right, and even today all sorts of obstacles—from opioids to Aleppo—are potent reminders that progress is not preordained.”

Dec 12, 2016

Why Electric Cars Are Only as Clean as Their Power Supply

Cites the paper “Spatial and Temporal Heterogeneity of Marginal Emissions: Implications for Electric Cars and Other Electricity-Shifting Policies,” co-authored by Erin Mansur in an article about how electric car emission impact is highly dependent on how the electricity is sourced.

Dec 06, 2016

The Surprisingly Unequal Benefits of Electric Vehicles, Mapped

The Atlantic's "City Lab," cites the paper “Distributional Effects of Air Pollution from Electric Vehicle Adoption,” co-authored by Erin Mansur, the Revers Professor of Business Administration, in an article about whether electric-vehicles (EV) are truly better for the environment. “The co-authors mapped out the costs and benefits of EV adoption in terms of the emissions they put into the air—not only carbon dioxide, but also pollutants that affect local air quality, such as sulfur dioxide, nitrogen, particulate matter, and volatile organic compounds,” writes City Lab. “Unsurprisingly, the places with the greatest EV adoption rates got cleaner air as a result.”

Dec 05, 2016

Not All Immigrant Labor Is Cheap Labor

Cites the paper, “High-Skilled Immigration and the Rise of STEM Occupations in U.S. Employment,” co-authored by Dean Matthew Slaughter in an article challenging the narrative that visas let foreigners take Americans’ jobs at lower wages. “The study shows that the average foreign worker in science and technology jobs starts out making only slightly less than American-born workers—about 94 cents on the dollar,” writes The Atlantic. “But after working in the United States for five years, the average foreign STEM worker earns $1.04 for every dollar their American colleagues make.”

Nov 30, 2016

P Namperumalsamy: The Visionary Who Steers Aravind Eye Care

Quotes Vijay Govindarajan in a feature article about Aravind Eye Care’s assembly-line approach to surgery. “Aravind Eye Care operates with a social heart and a business brain,” says Govindarajan. “They have the heart of a non-profit and the brain of a for-profit, apply modern management methods to dramatically lower costs while delivering world-class healthcare.”

Nov 21, 2016

Here’s Why Military Veterans Are Flocking to Elite U.S. Business Schools

Quotes Punam Anand Keller about Tuck's Next Step: Transition to Business program, which is designed for veterans and elite athletes looking to make a move into the business world. “The goal is to help our participants focus strengths, translate experiences, and identify opportunities so they can land the excellent jobs they absolutely deserve,” says Keller.

Nov 21, 2016

Cyrus Mistry Fiasco: Acid Test for Brand Tata’s Business Basics

Quotes Vijay Govindarajan about the problems facing Tata Group after the controversial dismissal of Cyrus Mistry as chairman of Tata Sons Limited. "First, the Tata group is always known for management excellence despite being family-owned. That is why the current leadership crisis stands out as an anomaly," says Govindarajan. "Second, this incident raises fundamental issues of corporate governance that all Indian companies must address going forward. Third and perhaps the most important is the distraction this crisis is causing at a time when the Tata group has to contend with many challenges like Brexit or the most recent US elections that have cast globalization in a different light. The last thing they need is a crisis at the top."

Nov 18, 2016

Trump Allies Urge Fed to Cut Balance Sheet and Revive Credit

Quotes Peter Fisher about how the Fed should allow its balance sheet to shrink by not reinvesting the proceeds of debts it holds when they mature—encouraging banks to lend more. “He said outright asset sales by the Fed would not be a good idea now, given the steepening of the yield curve that has already taken place in the wake of Trump’s election victory,” writes Bloomberg.

Nov 15, 2016

The Scary Truth About Corporate Survival

Quotes Vijay Govindarajan about the working paper, “Strategy When Creative Destruction Accelerates,” co-authored with Anup Srivastava. Govindarajan and Srivastava show that organizations are failing faster than they used to as company assets shift from tangible to abstract. “Creative destruction has always been a force to be reckoned with, but in the physical world, the cycles were longer,” Govindarajan says. “In the technology-based sectors, the cycles have accelerated.”

Nov 15, 2016

An Uncertain Political Future for U.S. Trade Policy

As a guest on Marketplace, Dean Matthew Slaughter discusses how trade policies in America may shift amidst the outcome of the presidential election. “It’s been true for decades in America that whether we’ve had Republican or Democratic presidents and Congresses, there’s been a sufficient set of people in Washington that voice the argument for why trade—and globalization more broadly—do benefit America overall, on average,” explains Slaughter. “Those arguments still hold true in terms of the data, and yet for a set of reasons, the primary of which is so many people worrying about their jobs and their own personal income, for good reason, those arguments are not carrying the day.”

Nov 09, 2016

Doctor Strange Is Marvel’s Latest Box Office Hit

As a guest on Marketplace, Vijay Govindarajan comments on Disney’s acquisition of Marvel in light of the latest film, “Doctor Strange,” which dominated the weekend box office. “No, I was not familiar with Doctor Strange. This is the beauty of it,” said Govindarajan admiring a giant deal that proved many skeptics wrong. “When Disney acquired Marvel for four billion dollars people thought that was a bad move. People thought there’s nothing left in Marvel—there’s no juice in Marvel.”

Nov 07, 2016

International Trade Slows Despite Globalization Fears

As a guest on WNYC’s “The Takeaway,” Dean Matthew Slaughter discusses the topic of international trade and its effect on voters in the upcoming presidential election. “Voters care more about how they’re doing—how’s their job, how’s their pocketbook looking, and a sense of opportunity,” says Slaughter. “And I think the environment that we find ourselves in now is one where, both on the left and right in America and in a lot of other countries, people are very focused on the reality which is that greater trade and other forms of globalization don’t directly benefit every single worker, company and community. I think it’s those distributional challenges—especially in the United States—that are really coming to the fore.”

Nov 01, 2016