HOW DOES PEER PRESSURE AFFECT EDUCATIONAL INVESTMENTS?
Leonardo Bursztyn Anderson School of Management, UCLA and NBER Robert Jensen Wharton School, University of Pennsylvania and NBER
Brevan Howard financial research centre launches at Imperial, 23 September 2014
A new research hub set to help understand and prevent financial crises, was launched by the UK Chancellor, the Rt Hon George Osborne MP, at Imperial.
The Brevan Howard Centre for Financial Analysis at Imperial College Business School is funded by one of the largest gifts in business education history: £20.1 million from hedge fund Brevan Howard on behalf of its co-founder and Imperial alumnus Alan Howard (MEng Chemical Engineering & Chemical Technology 1986).
The Centre is led by two of the world’s most respected economists: Professor Franklin Allen, formerly of the Wharton School at the University of Pennsylvania, and Professor Douglas Gale, who came to Imperial from NYU...
With Chancellor George Osborne before launch of Brevan Howard Centre for financial analysis at Imperial pic.twitter.com/8rVoEiJzAD— Gerry George (@profgerrygeorge) September 23, 2014
Associate Professor of #Innovation & #Entrepreneurship at @UniSouthDenmark - PhD from @EPFL - Top Professor on #Twitter http://bit.ly/16xgcPC - #OpenInnovation
Erasmus Impact Study confirms EU student exchange scheme boosts employability and job mobility http://t.co/Od3FBVmoXp— Marcel Bogers (@bogers) September 22, 2014
Erasmus Impact Study confirms EU student exchange scheme boosts employability and job mobility
Young people who study or train abroad not only gain knowledge in specific disciplines, but also strengthen key transversal skills which are highly valued by employers. A new study (PDF, 229 pages) on the impact of the European Union's Erasmus student exchange programme shows that graduates with international experience fare much better on the job market. They are half as likely to experience long-term unemployment compared with those who have not studied or trained abroad and, five years after graduation, their unemployment rate is 23% lower. The study, compiled by independent experts, is the largest of its kind and received feedback from nearly 80 000 respondents including students and businesses.
Opening: The communication challenge
Addresing the global agenda
The climate challenge
Hey cool. The speaker before opening panel is the most powerful woman in Spain- the Deputy Prime Minister. "I am... http://t.co/YKfb5AsJYx— Peggy Liu (@shanghaipeggy) September 21, 2014
Peggy Liu, Chairperson of JUCCCE, is internationally recognized for her expertise on China‘s sustainability landscape and for fostering international collaboration with this Asian country. JUCCCE is a non-profit organization dedicated to accelerating the greening of China, because a green China is the key to a healthy world. JUCCCE is a leader in creating systemic change in sustainable cities, sustainable consumerism and smart grid, and most noted for its multi-sector convening power.
She is also an executive advisor to Marks & Spencer, as well as an advisor to the World Economic Forum Project Board on Sustainable Consumption, and Volans. She is a member of the FTSE Environmental Markets Committee, and a Thought Leader at Criticaleye. She served as a sustainability advisor to HP in 2013, a member of the World Economic Forum’s Global Agenda Councils on Sustainable Consumption 2012-13 and on New Energy Architecture 2011-12, and an energy adviser to the Clinton Global Initiative in 2008.
This course focuses on the concepts and tools behind reporting modern data analyses in a reproducible manner. Reproducible research is the idea that data analyses, and more generally, scientific claims, are published with their data and software code so that others may verify the findings and build upon them. The need for reproducibility is increasing dramatically as data analyses become more complex, involving larger datasets and more sophisticated computations. Reproducibility allows for people to focus on the actual content of a data analysis, rather than on superficial details reported in a written summary. In addition, reproducibility makes an analysis more useful to others because the data and code that actually conducted the analysis are available. This course will focus on literate statistical analysis tools which allow one to publish data analyses in a single document that allows others to easily execute the same analysis to obtain the same results.
My new book (with T Saebi), Business Model Innovation: The Organizational Dimension now available for pre-ordering: http://t.co/Z4p1SL1cke— Nicolai Foss (@NicolaiFoss) September 3, 2014
Business Model Evolution, Adaptation or Innovation? A Contingency Framework on Business Model Dynamics, Environmental Change and Dynamic Capabilities, Tina Saebi, Norwegian School of Economics (NHH) - Department of Strategy and Management, March 1, 2014, papers.ssrn.com
Lars Jacob Pedersen is Associate Professor at the Norwegian School of Economics:
en.wikipedia.org/wiki/Richard_Florida is currently a professor and head of the Martin Prosperity Institute at the Rotman School of Management at the University of Toronto (not the author of the IMF report)
Pinning down the precise relationship between growth and inequality is a challenge. Some studies reckon inequality is mildly bad for growth. Others suggest the relationship changes as poor countries grow rich, while still others reckon it is the trend in inequality rather than its level that matters.
Research by economists at the International Monetary Fund aims to add clarity to the debate. In a 2011 paper Andrew Berg and Jonathan Ostry argued that it is the duration of spells of growth that is most important for long-run economic performance: getting an economy growing in the first place is much easier than keeping the growth spell rolling. They reckon that when growth falters, inequality is often a culprit. Latin America’s Gini index is about 50, well above that in emerging Asia, which has a Gini of about 40. (A Gini index is a measure of income concentration that ranges from 0, representing perfect equality to 100, where all income flows to a single person.) Were Latin America to close half of that gap in inequality, its typical growth spurt might last twice as long, on average.
Others reckon that it may not be inequality itself that harms growth but rather governments that tax and spend to try to reduce it. In a new paper Messrs Berg and Ostry and Charalambos Tsangarides tease out the separate effects of inequality and redistribution. They turn to a data set put together by Frederick Solt, a political scientist at the University of Iowa, containing Gini indices for 173 economies spanning a period of five decades. Mr Solt provides Ginis for both market income and net income (after taxes and transfers). The difference between the two gives the authors a measure of redistribution (see chart). In America, which does relatively little of it, redistribution trims the Gini index by roughly ten points. In Sweden, in contrast, it cuts the Gini by 23 points—more than half. Using these figures, the economists can separate out the different effects of redistribution and inequality on growth.
Up to a point, spreading the wealth around carries no growth penalty: growth in income per person is not meaningfully lower in countries with more redistribution. But economies that redistribute a lot may enjoy shorter growth spells, the authors reckon. When the gap between the market and net Ginis is 13 points or more (as in much of western Europe) further redistribution shrinks the typical expansion. The authors caution against drawing hasty conclusions. Details surely matter; nationalising firms and doling out profits would presumably be worse for growth than taxing property to fund education.
Inequality is more closely correlated with low growth...
"Inequality and unsustainable growth: Two sides of the same coin?", Andrew Berg and Jonathan Ostry, IMF Staff Discussion Note, April 2011.
"Redistribution, inequality, and growth", Andrew Berg, Jonathan Ostry, and Charalambos Tsangarides, IMF Staff Discussion Note, February 2014.
"Inequality, the Great Recession, and slow recovery", Barry Cynamon and Steven Fazzari, January 2014.
Jennifer L. Castle, David F. Hendry, 13 August 2014
A typical Oxford University econometrics exam question might take the form: “Data mining is bad, so mining with more candidate variables than observations must be pernicious. Discuss.” Similar questions may well be asked at other academic institutions, but there may be few outside Oxford University where the candidates are expected to refute both myths. This column explains why that is the right answer.
‘Data mining’ with more variables than observations http://t.co/GBxZXQ6qMi— Thomas Roulet (@thomroulet) August 21, 2014
Off-site Entrepreneurship & Strategy Pre-Conference Workshop
The IE campus in Madrid
"The Intersection between Entrepreneurship and the Base of the Pyramid: What’s the Evolving Role of Strategy in Social Entrepreneurship?"
Saturday, 20 September 2014, from 10:00 a.m. until 1:00 p.m. Lunch to follow.
Generously sponsored by:
IE (Instituto de Empresa Business School, Madrid)
This pre-conference workshop gathers together an impressive panel of Base of the Pyramid and social entrepreneurship scholars and practitioners. Using their professional and personal life experiences as points of departure, they will discuss how scholarship and real-world initiatives have evolved in recent years, and whether/how these two worlds have informed and continue to inform firm-level strategy formulation and implementation.
The effect of counterparty credit risk on American options, July 14, 2014, Peter Klein, Beedie School of Business Professor of Finance
Professor & Associate Dean at Simon Fraser University: operations, innovation & change, social media, creative consumers, strategy and management education
Excellent. Listen to the end. The customer is always right, even when they are somewhat challenged http://t.co/PRXJKrTg6j— Ian P. McCarthy (@Toffeemen68) August 20, 2014
The effect of counterparty credit risk on American options, July 14, 2014
New research from the Beedie School of Business suggests that long-established practice used by financial institutions for over two decades is in fact inaccurate – and could have major repercussions for the way banks value assets.
The study, “Counterparty Credit Risk and American Options”, was conducted by Beedie School of Business Professor of Finance Peter Klein and Beedie MSc Finance alumnus Jun Yang. It was published in the summer 2013 edition of the Journal of Derivatives.
The researchers examined the effect of counterparty credit risk – the risk to each party in a contract that the counterparty will not live up to its contractual obligations – on optimal exercise policy and valuation of American style options. Contrary to previous research on the subject, they found that optimal exercise policy can significantly affect the critical asset price at which early exercise of a vulnerable American option is optimal.
Owners of American style options may exercise that option at any time before it expires, unlike European style options, which can only be exercised at expiration. The major accounting standards boards around the world have long since adopted the results from the previous research when dealing with American style options.
However Klein and Yang’s research indicates that when dealing with American style options this previous research is simply incorrect, resulting in inefficient pricing strategies being utilized by financial institutions.
“The research shows that the accounting standards boards of the world banks have it wrong – the banks really aren’t organized correctly to properly manage credit risk in the American style options,” says Klein...
Why we should abandon shareholder capitalism and return to stakeholder capitalism: http://t.co/JSsJKgDtu8— Robert Reich (@RBReich) August 10, 2014
A new study (PDF, 42 pages) scheduled to be published in this fall by Princeton’s Martin Gilens and Northwestern University’s Benjamin Page confirms our worst suspicions.
Gilens and Page analyzed 1,799 policy issues in detail, determining the relative influence on them of economic elites, business groups, mass-based interest groups, and average citizens.
Their conclusion: “The preferences of the average American appear to have only a miniscule, near-zero, statistically non-significant impact upon public policy.”
But if we give up on politics, we’re done for. Powerlessness is a self-fulfilling prophesy.
The only way back toward a democracy and economy that work for the majority is for most of us to get politically active once again, becoming organized and mobilized.
We have to establish a new countervailing power.
My lecture on inequality at Aspen Ideas Festival -- to top 1%, who need to understand what's at stake: http://t.co/EKTsb8dkLZ— Robert Reich (@RBReich) July 1, 2014
$650M gift to @broadinstitute should be a lesson for all universities in what can happen when people are allowed to break traditional molds— Lawrence H. Summers (@LHSummers) July 23, 2014
On Tuesday, July 22, at 10:00 am ET the Broad Institute of MIT and Harvard made a groundbreaking announcement: philanthropist Ted Stanley has made a commitment of $650 million to galvanize scientific research on psychiatric disorders and bring new treatments based on molecular understanding to hundreds of millions of people around the world.
The Stanley commitment – the largest ever in psychiatric research and among the largest for scientific research in general – will support research by a collaborative network of researchers within the Stanley Center for Psychiatric Research at the Broad Institute, a biomedical research institution that brings together faculty from MIT, Harvard University, the Harvard-affiliated hospitals, and collaborators worldwide...
BBC News - Early risers 'less moral at night' http://t.co/uDURdjMuFN— Sunita Sah (@Sunita_Sah) July 22, 2014
AUG. 1, 2014
Dec 12, 2005 ... Ram CHARAN (-) 25. Fons TROMPENAARS (50) 26. Russ ACKOFF (-) 27. Warren BENNIS (13) 28. Chris ARGYRIS (18) 29. Michael DELL (33)
Feb 6, 2006 ... The roster of speakers at the conference includes an impressive group of deans and acclaimed scholars such as Warren Bennis and Clayton ...
Jan 16, 2013 ... January 10, 2013 It was leadership guru Warren Bennis who first noted that all great leaders demonstrate empathy. They intuitively understand ...
Sep 23, 2005 ... ... the debate about how and where this fits into a business school setting, especially in light of the recent HBR article by Bennis and O'Toole.
May 10, 2007 ... ... In an article in the Harvard Business Review in 2004, Warren Bennis and James O'Toole lamented “How Business Schools Lost Their Way”.
Oct 12, 2005 ... ... research, Ghoshal's criticism of the teaching of misguided free-market dogmatism, and Bennis and O'Toole's critique of insufficient impact.
Jul 11, 2006 ... A similar solid line of reasoning can be found in a popular article by Bennis and O'Toole published in Harvard Business Review. I agree with ...
The BC3, Basque Centre for Climate Change, has been ranked second place in the Climate Think Tank Ranking, ahead of 293 public and private organisations working in the field of climate change economics and policy.
BC3 es un centro de investigación multidisciplinar que fue creado en 2008 en el marco del programa BERC del Gobierno Vasco y apoyado por la Universidad del País Vasco, con el objetivo de fomentar la excelencia en la investigación a largo plazo de las causas y consecuencias del cambio climático.
The London School of Economics and Political Science
Samuela Bassi and Dimitri Zenghelis
Centre for Climate Change Economics and Policy
Grantham Research Institute on Climate Change and
However, the case for lowering the ambition of climate change efforts, as a weakening of the Fourth Carbon Budget would imply, is not justified by competitiveness concerns, not least because of the negative impacts this would have on some of the economy’s fastest growing and most promising and innovative sectors. Uncertainty about the future climate policy framework could potentially cost jobs and affect growth, especially in the current macroeconomic environment. (end of paper)
July 14, 2014
Today, Gabriel Madirolas and Gonzalo De Polavieja at the Cajal Institute in Madrid, Spain, say they found a way to analyse the answers from a crowd which allows them to remove this kind of bias and so settle on a wiser answer.
The theory behind their work is straightforward. Their idea is that some people are more strongly influenced by additional information than others who are confident in their own opinion. So identifying these more strongly influenced people and separating them from the independent thinkers creates two different groups. The group of independent thinkers is then more likely to give a wise estimate. Or put another way, ignore the wisdom of the crowd in favour of the wisdom of the confident...
Ref: arxiv.org/abs/1406.7578 : Wisdom of the Confident: Using Social Interactions to Eliminate the Bias in Wisdom of the Crowds
Human groups can perform extraordinary accurate estimations compared to individuals by simply using the mean, median or geometric mean of the individual estimations [Galton 1907, Surowiecki 2005, Page 2008]. However, this is true only for some tasks and in general these collective estimations show strong biases. The method fails also when allowing for social interactions, which makes the collective estimation worse as individuals tend to converge to the biased result [Lorenz et al. 2011]. Here we show that there is a bright side of this apparently negative impact of social interactions into collective intelligence. We found that some individuals resist the social influence and, when using the median of this subgroup, we can eliminate the bias of the wisdom of the full crowd...
...I hasten to disclose that as the principal inventor of the NuVal system...
But even among good systems, NuVal is a stand-out. A study conducted at McGill University, and now in press, shows how much more efficiently NuVal, using a single number, reliably informs more nutritious choices as compared to the confusing profile offered by a traffic light system. The higher the number, the more nutritious the food is hard to beat for simplicity.
The data backing up the NuVal system are unique as well. It is the first and to date only nutrient profiling system shown to correlate directly with both the rate of total chronic disease, and all-cause mortality. In a Harvard study of over 100,000 people, higher average NuVal scores meant a lower likelihood of heart disease, diabetes, obesity, or dying prematurely from any cause over a 20-year period of observation.
NuVal does not penalize total fat. Rather, it scores particular fats on their particular merits. Monounsaturated fats and omega-3 polyunsaturates are rewarded. Trans fat is penalized quite harshly, as it deserves. And saturated fat is handled based not on the currently prevailing hype, but on the basis of the weight of scientific evidence.
Authors: Kock, Carl J. Santaló, Juan Diestre, Luis
Journal of Management Studies; May2012, Vol. 49 Issue 3, p492-514, 23p, 2 Charts
Abstract:We build on a stakeholder-agency theoretical perspective to explore the impact of particular corporate governance mechanisms on firm environmental performance. Our empirical evidence shows that several important corporate governance mechanisms such as the board of directors, managerial incentives, the market for corporate control, and the legal and regulatory system determine firms' environmental performance levels. These results suggest that these different governance mechanisms resolve, to some extent, the existing divergence of interests between stakeholders and managers with respect to environmental activities. [ABSTRACT FROM AUTHOR]
pdf "Academic research that matters to managers: On zebras, dogs, lemmings, hammers and turnips"
ANITA M. M C GAHAN, University of Toronto, Academy of Management Journal 2007, Vol. 50, No. 4, 748–753
Conventional Wisdom Is Inaccurate and Misleading: Your Horse Is a Zebra, and Zebras Can’t Be Tamed
Fundamental Principles Are Changing: Your Dog Doesn’t Hunt Any More
Widely Accepted Current Practices Are Paradoxical or Problematic: We’re Like Lemmings Walking Off a Cliff Together
Theory Can Be Integrated to Explain a Challenging Situation: You’ve Got a Nail and a Hammer Can Be Assembled
A Single Issue or Case Is Iconic and Deserves Attention from Both Managers and Academics: You’ve Got a Medieval Turnip
"While many companies' dedication to social responsibility and sustainability are genuine, consumers should always take "greenwashing" (or "causewashing") into account — that is, when a company markets itself as charitable, only to draw in customers."
The interdisciplinary Tobin Project addresses real-world problems.
Doing that work well has come to involve a network of more than 400 scholars affiliated with 80 institutions, pursuing truly interdisciplinary research. “It’s a really amazing model,” says Poorvu family professor of management practice Arthur Segel, one of the organization’s founding board members. “With very little money, we’ve got hundreds of scholars doing research on important issues together.”
Yet that institutional innovation has proved to be far less challenging than the definition of worthwhile queries to pursue: large problems on which social scientists can engage each other productively, make meaningful discoveries, and shape both society and the future of research.
Today, the first (and, some would say, most important) step in any Tobin inquiry is the identification of good questions. ... Rather than pursue the original dozen fields, the project currently focuses on four areas:
Safeguarding this critical zone was the focus of a recent meeting in Beijing, where the National Science Foundation of China met with their counterparts in the US, UK, France and Germany. The aim was to develop an Apollo-scale programme to tackle the resource constraints that threaten to undermine global economic development...
We have 10 years because many solutions will take at least a decade to take effect, and because we have only 20 years before the perfect storm of food, water and energy shortages (Above document) makes landfall.
The first step must be to create a theory. This would literally be a map of all of the processes and interactions that matter for sustaining life, including the flow of energy, nutrients and water in the landscape; competition between animals, plant and humans for these resources; losses in the form of greenhouse gas emissions to the atmosphere; the role of soil in recycling nutrients; and the feedbacks between life and the physical environment including climate regulation and environmental engineering.
With such a map, scientists, businesses and decision-makers from all backgrounds can navigate and talk together. Each can see how their contributions and needs fit with those of others as the picture evolves.
Search on "Sitting is the new Smoking"
Crucially, exercising before or after work isn’t enough to counteract these effects – sitting all day is harmful no matter how fit and active you are.
...you could die earlier...
...50/50 sitting/standing up, recommended...
June 26, 2014
Professor Steve Bevan, director of the Centre for Workforce Effectiveness (Lancaster University) at the Work Foundation, explains that “the more sedentary you are the worse it is for your health.” Prolonged sitting has been linked to detrimental health effects and lost productivity in the work place. Research suggests that the human body is at its best when it is moving, not when it is spending 8 hours at a time in front of a computer screen.
It has also been noted that once symptoms of MKS do occur, both employers and employees are slow to react. A two-year trial in Madrid showed that by assessing and treating 13,000 workers with chronic back pain who had been off for five days or more, their temporary work absence was reduced by 39% in the long term. The Work Foundation estimates that more than 60,000 Britons would be available for work if the Madrid tactics were replicated in the UK.
Harvard Business Review blogs, Nilofer Merchant, January 14, 2013
'If trends continue, we are going to lose lots of species. But the paper is about ways to avoid that'
The world's plant and animal species are going extinct at a rate 1,000 to 10,000 times faster than they did before humans came along. If that continues, we could lose one-third to half of all species by the end of the century. A variety of birds, frogs, fish, mammals — gone.
Those grim statistics come from a big recent study in Science (30th May, 2014), led by Duke University biologist Stuart Pimm. The paper was the most comprehensive attempt yet to calculate a "death rate" for the world's species — an update on work first begun in 1995...
BP: So extinction rates are higher now that humans are around. Why? What are we doing?
If that continues — and continues for many decades — then by the end of the century we are going to lose one-third or one-half of all species. And that kind of loss in biological diversity hasn't been seen in 60 million years...
But what the paper is about mostly, is ways in which we can avoid that. So yes it's bad, but the paper is full of important news about how we can make a difference.
BP: Let's talk about that, then. What are ways to avoid — or at least mitigate — mass extinction.
...SP: Yes, it gives us a practical solution. What my NGO does, Saving Species, is we take our data and identify exactly where we think the most important fragments are. And then we raise money from Brazilian conservation groups to buy up the land between the fragments and reforest it. So we reconnect it — stitching habitat fragments to form much bigger habitats...
...SP: We do have an extraordinary piece of technology for surveying biodiversity — it's called a smartphone...
...SP: I'd say things like the Endangered Species Act and conservation biology have been very successful. Current extinction rates are high, but they'd likely be worse without the work of conservation biologists...
...A good example: Brazil used to be the third largest emitter of greenhouse-gas emissions from burning its forests. But with a bilateral agreement from the Norwegian government, Brazil has massively reduced its deforestation....
...We can map out where species are. We can also figure out where they're not likely to be because we've got increasingly good data on deforestation from Joe Sexton's research group at the University of Maryland...
June 12 2014
Patent reform advocates have long argued that "patent trolls"—companies that do nothing but sue over patents—are harmful to innovation, not just a plague on big companies. A new study attempted to find out if there's any real data behind that accusation or if it's just a few sad anecdotes.
Turns out there is a very real, and very negative, correlation between patent troll lawsuits and the venture capital funding that startups rely on. A just-released study [PDF] (46 pages) by Catherine Tucker, a professor of marketing at MIT's Sloan School of Business, finds that over the last five years, VC investment "would have likely been $21.772 billion higher... but for litigation brought by frequent litigators."
The study defines "frequent litigators" as companies that file 20 or more patent lawsuits, which limits the definition to true-blue "patent trolls," or Patent Assertion Entities (PAEs), the term used by the paper. The study covers the period from 1995 to 2012...
The figure reformers cited most often is the study by James Bessen and Michael Meurer, finding that trolls cost the US economy $29 billion in direct legal costs each year. That study is sometimes attacked by patent reform opponents because it's based in part on secret data provided by RPX, a defensive patent aggregator.
Tucker's study has the advantage of being based entirely on public information: the amount of patent litigation and the amount of VC funding are numbers that are known with certainty...
June 11, 2014, APA Center for Organizational Excellence
“Power in groups is traditionally conceptualized in reference to a rank ordering of individuals,” begins a paper in the April/May 2014 issue of the Academy of Management Journal, adding that “the prevailing wisdom is that stable power hierarchies promote more effective groups by providing order that helps facilitate collective decision-making.”
Research shatters the myth that social enterprises are more likely to fail than traditional start ups
...So I asked Professor Simon Denny, director of enterprise, development and social impact at Northampton University, to compare the longevity of FTSE 100 companies and the top social ventures.
Denny's research looked at the survival rates, for the period from 1984 until 2014, of the 100 top social enterprises and trading charities in comparison with the top 100 PLCs...
May 14, 2014
...At last, researchers at Cornell University have found the secret to eternal RTs, and the answer is, per their recent paper (PDF, 11 pages):
Life, liberty, and the pursuit of happiness are described in the US Declaration of Independence as "inalienable rights." But while life and liberty are easily defined and accounted for in public policy, the pursuit of happiness is not as explicitly incorporated into the law.
Most people expected food prices to rise over time as California’s drought worsened earlier this year, but some goods will be impacted more than others.
Research from Timothy Richards, a professor of the W. P. Carey School of Business at Arizona State University, shows that vegetables like lettuce and avocados are likely to experience the most dramatic prices bumps.
California’s drought will push the price up on some items more so than others, including lettuce and avocados. Photo credit: stock.xchng/Arizona State University
...Richards says industry estimates range from a half-million to 1 million acres of agricultural land likely to be affected by the drought. He believes 10 to 20 percent of the supply of certain crops could be lost, and California is the biggest national supplier of several of those crops.
Arctic ice melt could release 1 trillion pieces of plastic into the sea in next decade, new report says. http://t.co/lnN7SazQz7— Jim Roberts (@nycjim) 28 Mai 2014
Mass production of plastic began in the 1940s, and by 2009 at least 230 million tons of plastic were produced each year – equivalent to the weight of a double-decker bus every two seconds.
bravo à @HenriVerdier pour être devenu aujourd'hui le premier Chief Data Officer de la nation France !— Gilles Babinet (@babgi) 21 Mai 2014
May 7, 2014
If you’ve been in the outsource industry for more than five minutes you probably know that buyer-seller relationships are, well, complicated. And just when you think you have the collaboration thing nailed, more complications can ensue.
Verónica H. Villena (assistant professor of supply chain, Pennsylvania State University), Elena Revilla (professor of operations, Instituto de Empresa Business School), and Thomas Y. Choi (professor of supply chain management at Arizona State University), in a 2010 Journal of Operations Management article, found that there’s both a bright and a dark side to highly collaborative relationships.
First: I want to say kudos to the trio for their work to define the term “social capital.” They define social capital as a value asset stemming from access to resources made available through social relationships across three dimensions: cognitive (e.g., shared culture and goals), relational (e.g., trust, friendship, respect, and reciprocity), and structural (e.g., social ties). Villena, Revilla and Choi show that each of these social capital components have the power to positively influence performance outcomes.
Their findings show:
Why stars matter?: Stars have direct impact on local economies. They can also indirectly affect growth in a po... http://t.co/L8nPjNA6l9— VoxEU.org (@voxeu) May 18, 2014
Ajay K. Agrawal, John McHale, Alexander Oettl, 18 May 2014
Stars have direct impact on local economies. They can also indirectly affect growth in a positive way. This column examines the effect of academic star arrivals on the departmental knowledge productivity. Department-level output increases by 54% after the arrival of the star. The post-arrival quality of the joiners is also positively affected, displaying an increase of 68%. These star effects are largest at mid-ranked institutions.
Research shows that reflecting after learning something new makes it stick in your brain.'
Two weeks ago, my oldest son taught my youngest son how to perform a corner kick during half time of my middle son’s soccer game. He demonstrated the correct way to swing the leg, angle the foot, and launch the ball toward the goal. When the referee blew his whistle, resuming the game, we moved to a spot of grass nearby. There, my little boy began to explain how to do the corner kick, recounting every detail absorbed during his older brother’s half-time tutorial. I nudged him to practice what he had learned, rather than talking about it—after all, he was at a soccer field, with a mother willing to fetch errant balls. But he preferred to articulate each key point he had just learned and teach me how to do it. I thought we were wasting time, but new research says his approach beats mine.
Learning is more effective if a lesson or experience is deliberately coupled with time spent thinking about what was just presented, a new study shows. In “Learning by Thinking: How Reflection Aids Performance,” a team of researchers from HEC Paris, Harvard Business School, and the University of North Carolina describe what they call the first empirical test of the effect of reflection on learning. By “reflection,” they mean taking time after a lesson to synthesize, abstract, or articulate the important points...
10 - Atlético de Madrid have won his 10th Spanish League after 18 years. Congratulations.— OptaJose (@OptaJose) 17 Mai 2014
8 - Eight of Atletico’s last 11 league goals have been headers, with six coming from corner situations. Strategy— OptaJose (@OptaJose) 17 Mai 2014
The Great American Recession resulted in the loss of eight million jobs between 2007 and 2009. More than four million homes were lost to foreclosures. Is it a coincidence that the United States witnessed a dramatic rise in household debt in the years before the recession—that the total amount of debt for American householdsdoubled between 2000 and 2007 to $14 trillion? Definitely not. Armed with clear and powerful evidence, Atif Mian and Amir Sufi reveal in House of Debt how the Great Recession and Great Depression, as well as the current economic malaise in Europe, were caused by a large run-up in household debt followed by a significantly large drop in household spending.
Though the banking crisis captured the public’s attention, Mian and Sufi argue strongly with actual data that current policy is too heavily biased toward protecting banks and creditors. Increasing the flow of credit, they show, is disastrously counterproductive when the fundamental problem is too much debt. As their research shows, excessive household debt leads to foreclosures, causing individuals to spend less and save more. Less spending means less demand ...
The Economist talks about our book in their latest issue. http://t.co/lbxsEezcco— Atif Mian (@AtifRMian) 15 Mai 2014
Christina D. Romer, former chair of the Council of Economic Advisers
“Mian and Sufi have produced some of the most important and compelling research on the impact of debt on consumer behavior during the recent housing bubble and bust. This excellent new book presents and expands this research in a rigorous, yet engaging and accessible way.”
“Atif Mian and Amir Sufi, our leading experts on the macroeconomic effects of private debt, have a new blog [www.houseofdebt.org]— and it has instantly become must reading.”
Kenneth Rogoff, Harvard University
“This is a profoundly important book that makes a huge range of serious empirical evidence on the financial crisis accessible to a broad readership. A compendium of Mian and Sufi’s own celebrated work would already be a spectacular contribution, but this book is so much more. Although the authors present all views in a balanced, scholarly way, their quiet insistence that we should have moved faster to write down household mortgages is well-reasoned and compelling.”
Carmen Reinhart, Harvard University
“Much has been written about the boom and subsequent bust that rocked the US economy during 2007–2009, but insightful and informed analysis is much rarer. This book is one of those rare gems. It offers an in-depth look at the state of housing, consumer credit, household incomes, and debt around the crisis and presents an informed discussion about its causes and consequences. The analysis of crisis resolution has resonance, not only for the United States, but for the many countries that are still entangled in severe financial difficulties.”
Lord Adair Turner, former chair, Financial Services Authority
“House of Debt is a very important book, reaching beyond surface explanations of the Great Recession to identify the fundamental cause—excessive private debt built up in the pre-crisis boom years. It combines meticulous empirical research with an ability to see the big picture. Its message needs to be heeded and its proposals for reform seriously considered if we are to avoid repeating in future the mistakes of the past.”
Tuck School of Business
Ross School of Business
University of Michigan
Stanford Graduate School of Business
Tuck School of Business
Darden School of Business
University of Virginia
Carlson School of Management
University of Minnesota
Harvard Business School
Olin Business School
Washington University in St. Louis
Happy to be on the Editorial Review Board of the new journal Strategy Science. 1st issue coming in 2015. Submit! http://t.co/7S0PIaW0vy— Dan Elfenbein (@OrgStratProf) April 1, 2014
Are leaders born or bred? The question was recently put to 400 Canadian CEOs and senior executives by Julian Barling, professor of organizational behaviour and the Borden Chair of Leadership at Queen’s School of Business in Kingston.
The leaders were also asked about gender equality in the upper echelons of corporate Canada and what skills and abilities today’s business executives ought to possess. Their answers were surprising and, in some respects, disappointing...+
What does it take to be a good leader? We talk to a business professor who's devoted his career to studying the boss http://t.co/gX8KsF3WL8— Julian Barling (@JulianBarling) March 26, 2014
"Who’s Got Those Top Jobs?" (Harvard Business Review, March 2014) by Peter Cappelli (Wharton), Monika Hamori (IE), and Rocio Bonet (IE).
(Video Published on 11 Feb. 2014 ("Advice to young managers" at 5m12))
Peter Cappelli is the George W. Taylor Professor of Management at the University of Pennsylvania's Wharton School and the director of its Center for Human Resources.
Monika Hamori is a professor of human resource management, and Rocio Bonet is an assistant professor of human resource management, at the IE Business School, in Madrid. Prof. Hamori's work was published in Organization Science, the Academy of Management Annals, the Academy of Management Perspectives and Human Resource Management, among others.
...Over the past 30 years we've seen executives' education levels rise. About 65% of the leaders in 2011 held graduate degrees, compared with 62% in 2001 and 46% in 1980. Companies with the most MBAs in their senior ranks included Sears (75%), Sunoco (70%), and Disney (63%)...
Economist.com - whichmba - "A bumpy road to the top", 24th Feb. 2014
Aspiring MBAs may well ask: how do they get to the chief executive’s seat, and what kind of career bumps can they expect along the way?...
HBR (July 2010) article by Monika Hamori, "Managing Yourself: Job-Hopping to the Top and Other Career Fallacies"
Video May 2009, Dr Rocio Bonet speaks about the effect that MBA Rankings have on graduates' careers: "Career advancement of MBA graduates - IE Professors Talk".