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, 2016Quotes 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, 2016As 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, 2016As 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, 2016As 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, 2016Quotes Kevin Lane Keller about Ikea's new "We Help You Make It" advertising campaign and inclusive message, “No matter who you are, what you do, or how much you make, you can still make the dream yours.” Keller opines, “This is the reality. They're not trying to romanticize any of this stuff. They're sort of taking this more democratic view, this more down-to-earth view, talking about where people are."
Oct 30, 2016As a guest on "VPR News," Paul Argenti comments about Unilever’s recent acquisition of the natural homecare company Seventh Generation. Argenti states that incorporating social and environmental goals into the company’s values is attractive to both customers and employees—especially millennials. “Your reputation is the most important asset that you have," says Argenti. "If you're avoiding getting into problems in the future by solving problems today, you're going to be a company that is stronger in the future."
Oct 26, 2016Quotes Vijay Govindarajan in an article about the controversial dismissal of Cyrus Mistry as chairman of Tata Sons Limited, the holding company of India’s largest conglomerate Tata Group. “The biggest challenge for an organization is planning for succession, especially following the tenure of a very successful CEO,” says Govindarajan. “The current leadership crisis is an unwanted distraction.”
Oct 26, 2016Quotes Kevin Lane Keller about how the ugliest presidential race in modern history has tarnished the Trump name to such degree that it may jeopardize the future of his business enterprises. Keller says that some would-be customers may avoid patronizing Trump's business because of concerns about what other people may think. “All this negative press, the negative reactions from people, it’s got to hurt his brand,” says Keller. “They don’t want to have to apologize for staying at a Trump hotel or buying a Trump brand. And when you get into luxury, image matters a lot.”
Oct 22, 2016Quotes Patricia Harrison, senior associate director of admissions, in a feature article highlighting a dozen T’18 students. “While the students in Tuck’s class of 2018 are smart, accomplished and diverse, they’re so much more than what the stats reveal,” says Harrison. “In the short time that they’ve been on campus, we have noticed their humility and empathy in particular. They are open to ideas and experiences different than their own and seem acutely aware of how their actions impact others.” The article profiles the following students: Richard Asala, Michael Blanc, H. Holland Davis, Ramon Fuentebella, Jodine Gordon, Vedrana Greatorex, Daniel Marquez, Muyambi Muyambi, Rachel Phillips, Chethan Rao, Erica Toews, and Stephiney Xie.
Oct 21, 2016An opinion piece co-authored by Ron Adner examines the shifts in technology that disrupt businesses and industries and the importance of timing these transitions. “Few modern firms are untouched by the urgency of innovation,” says Adner. “But when it comes to strategizing for a revolution, the question of ‘whether’ often drowns out the question of ‘when.’”
Oct 20, 2016Cites research conducted by Kenneth French and his colleague Eugene Fama that shows stocks with smaller market capitalizations—including those trading at low prices relative to their asset values and those with above-average profitability—outperform in the long run.
Oct 20, 2016Cites research conducted by Rafael La Porta in an article about the impact that an informal economy versus a formal economy can have on a country due to tax losses. “In poor countries the average formal firm employs 126 people, compared with just four for informal ones, according to La Porta,” writes The Economist.
Oct 15, 2016As a guest on CNBC's “Power Lunch,” Paul Argenti discusses Samsung's Galaxy Note 7 crisis and where the company stands in terms of damage control. “I’m not worried about the company surviving, but the product is another story,” says Argenti.
Oct 11, 2016An opinion piece co-authored by Vijay Govindarajan about how multinational companies can enter the market in India by leveraging the county’s supply chain and taking advantage of its growing e-commerce. “Nimble global consumer companies looking for growth can accelerate their entry into India while mitigating their risks if they use one or both strategies,” writes Govindarajan.
Oct 10, 2016As a guest on "Bloomberg Surveillance," Peter Fisher talks about the U.S. economy. "We wish we had more of an acceleration in this recovery. We wish we were doing better in some terms, but we're doing pretty well especially compared with the rest of the world—just looking at the level of our unemployment, the level of our GDP. It's disappointing, but it’s also better than the neighborhood, absolutely,” says Fisher. He also comments on the Fed targeting low-level volatility.
Oct 07, 2016In his latest VPR interview, John Vogel discusses how the solution to the housing problem in Vermont may be housing bonds—taking advantage of Vermont’s high credit rating and today’s incredibly low interest rates.
Oct 03, 2016Sydney Finkelstein explains how an organization can become more resilient, sustainable and successful over the long term by letting top performers leave. “To win big, we can no longer afford to keep our best talent to ourselves,” says Finkelstein. “We have to be willing to lose it. Our talent will be better off, and so will we.”
Oct 02, 2016Cites research by Sydney Finkelstein, where him 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 Forbes.
Sep 27, 2016Emily Blanchard participates in an analysis of last night's presidential debate at Hofstra University. "Trade—together with technology—has undeniably reshaped the American labor market over the past decade, partly at the expense of middle class workers. But with the line about Chinese currency policy, Trump struck wide of the mark," says Blanchard.
Sep 27, 2016As a guest on CNBC's Power Lunch, Sydney Finkelstein discusses what it means to a company when it gets called to testify before Congress. “When you go to a Congressional testimony you know what’s happening, you know exactly what the playbook is going to look like,” says Finkelstein. “Therefore, show up and be ready with stuff you’ve thought about.”
Sep 22, 2016As a guest on WNYC’s “Money Talking,” Sydney Finkelstein talks about what qualities make a boss a “superboss” and why their hiring practices can make for a better workplace. Finkelstein also addresses the question, “is a ‘superboss’ necessarily a ‘supermanager’?”
Sep 22, 2016Cites the paper, “High-Skilled Immigration and the Rise of Stem Occupations in U.S. Employment,” co-authored by Dean Matthew Slaughter in an article about the importance of hiring high-skilled foreign workers for the growth of America. "In their analysis, economists Gordon H. Hanson and Matthew J. Slaughter found that foreign-born workers currently account for a 'disproportionate' share of specialists in the STEM fields, despite the relatively limited numbers of employee-sponsored (140,000) and H-1B (85,000) visas available to skilled workers within the current immigration system," writes Pacific Standard.
Sep 21, 2016As a guest on "Bloomberg Markets," Peter Fisher discusses how a divided Federal Reserve left its policy interest rate unchanged to await more evidence of progress toward its goals. “I think there is a bigger issue that they have to confront” says Fisher. “Are they getting ready for the next recession or are they going to try to normalize policy?”
Sep 21, 2016Peter Fisher discusses why Fed policy must be clarified. “They’re way too focused on tactics and not enough on strategy so we are always debating whether or not they are going to move 25 basis points, which isn’t that important,” says Fisher. “And we don’t seem to get a lot of focus or clarity around what the strategy is.”
Sep 19, 2016Quotes Richard D'Aveni, Bakala Professor of Strategy, in an article about United Parcel Service's plans to expand its 3D printing service to Asia and Europe in an attempt to get ahead of a trend that could otherwise take away a portion of their business. "Why wait a day for a part to arrive (from UPS) when you'll be able to innovate six times a day on your own?" says D'Aveni. Via Reuters.
Sep 19, 2016Cites comments by Vijay Govindarajan in an article about the recent hostility towards U.S. businesses and the impact on policymakers. “Vijay Govindarajan points out that big companies can solve economic and social problems that are too big for small companies and too complicated for governments,” writes The Economist. “They have the financial muscle to make long-term investments, the global scale to mobilize resources across borders and the management skills to deliver on their promises.”
Sep 16, 2016Former Governor John Lynch, senior fellow for the Center for Business, Government & Society, discusses the importance of the New Hampshire governorship. “I think there’s an assumption that the governor’s office in New Hampshire is weak," Lynch says. "But I think that’s incorrect. I think the governor in New Hampshire has a lot of responsibility, accountability, and authority, to get things done."
Sep 13, 2016Quotes Vijay Govindarajan about the growing success of Anand Mahindra, chairman of India-based Mahindra Group. "Great leaders have to be able to look through a microscope to deal with today's issues, and through a telescope to position for the future, and he has been able to do both well," says Govindarajan.
Sep 10, 2016Quotes Sydney Finkelstein about Democratic gubernatorial candidate Colin Van Ostern T'09, and how Van Ostern's political experience influenced his studies. "He was known as one of the more politically alert students," says Finkelstein. "I think he was someone who had a bigger potential contribution in mind."
Sep 06, 2016Quotes Jonathan Masland, director of the Career Development Office, in a feature article about Tuck’s recent Career and Insights Exploration (CIX) trip to San Francisco’s Bay Area where students spent time at companies such as Facebook, Clorox, Microsoft, McKinsey, and Old Navy in addition to upstarts like energy-focused Nest and Atieva. “If you can expose people earlier to information around the careers, they can be better grounded and have a better context for their two years of an MBA,” says Masland.
Sep 05, 2016An interview with Daniella Reichstetter, co-executive director of the Center for Private Equity and Entrepreneurship, about her new role at the center and helping people understand that entrepreneurship isn’t just starters but also “joiners.” “Those are people who do really well at early stage companies,” says Reichstetter. “They can provide a balance to the starters in a variety of ways.”
Aug 29, 2016Quotes Sydney Finkelstein about how managing managers is comparable to managing anyone else—align their goals with yours, provide feedback, and help advance their careers.
Aug 29, 2016In his latest piece for "Syd Weighs In," Sydney Finkelstein discusses how a tough, demanding manager will push you to do your best work. "'Nice' bosses may feel good about themselves, but they don't get world-class results. Demanding bosses do," says Finkelstein. "If you aren't getting better at whatever you do for a living, and learning and growing in the process, you're not just standing still, you’re really falling behind."
Aug 25, 2016Cites research by Dean Matthew Slaughter in an article about the European Parliament’s tax committee and the European Commission pursuing a “reform agenda” to investigate previous, mutually agreed-upon tax payment structures. Slaughter’s research found, “More than 28 million Americans were employed at multinationals, while just over one-fourth of these firms had U.S. parents classified as small or medium establishments by the federal government,” writes Forbes.
Aug 25, 2016An opinion piece by Paul Argenti about how millennials are choosing to spend their resources—be it time or money—on organizations that are investing in corporate social responsibility. “Although each generation bemoans the faults of the following ones, perhaps it's time we give millennials credit where credit is due: They are forcing business to do good while doing well,” says Argenti. “Companies need to rise to this challenge quickly or risk becoming an anachronism.”
Aug 24, 2016