Yale Reportedly Named In Paradise Papers
News from Yale School of Management
“Yale was one of more than 100 U.S. universities named in the Paradise Papers for employing offshore vehicles in investments, according to a Nov. 9 article in the Indian Express.
“The Indian newspaper published email exchanges between Yale’s assistant general counsel, Stephanie Chan ’97, and Appleby, a Bermuda law firm that assists global corporations and wealthy individuals with their offshore dealings. The newspaper said the emails are included in the Paradise Papers — a collection of millions of leaked loan agreements, financial statements, emails and other paperwork originating from Appleby and other offshore service providers. Transcripts of the emails provided in the article indicate that, in 2013, Yale asked for Appleby’s assistance with investing $100 million with Hong Kong and Mumbai-based firm Steadview Capital Management, through a ‘Yale-only’ entity based in Mauritius.
“It is unclear from the emails whether Yale went through with the investment. Still, the allegation appears to add Yale to a list of universities, including Princeton University, Columbia University and Stanford University, among others, revealed to be using offshore vehicles in their investments.”
Ecosystems Are The Future Of Insurance
News from INSEAD
“Tesla has already changed the rules of the transportation and energy industries. Up next might be insurance. Earlier this year, Tesla announced that it would offer lifetime auto insurance bundled with the cost of the car. The company is betting that its improved machine learning will bring down the risk profile of its entire fleet of connected cars.
“Tesla’s announcement is only one of the many examples of how the traditional insurance model is poised for change. Traditional insurers have long relied on two customer touchpoints: at the time of sale and at the time of claim. As the world gets increasingly connected, the current data void between these two touchpoints is about to be filled.
“Insurance firms are already shifting in this direction. In the past, they captured data as a one-time event, using it to statically determine customers’ risk profiles and premiums. Today, they are embracing connected technologies, especially in the auto and health sectors, to offer personalised and dynamic insurance premiums to their customers.”
Behavioral Economics Provides Means To Understand World Issues
News from Carnegie Mellon University Tepper School of Business
“Behavioral economics is being widely used by companies, organizations, and even governments because of how it revolutionizes the way we make decisions, changes the way organizations operate, and influences how policies are implemented. People with knowledge of behavioral economics are thus highly sought after by companies searching for smartly designed behavioral interventions.
“At Carnegie Mellon University, behavioral economists use this unique blend of economics and psychology to solve pressing issues from rising health care costs and workplace discrimination to climate change and ‘fake news.’”
At MIT, 90 Seconds To Win
News from MIT Sloan School of Management
The common denominator among all attendees was an unequivocal desire to learn. Among the attendees existed a genuine curiosity to hear from entrepreneurs claiming to have novel solutions to pressing issues. Tuesday’s event didn’t concern itself with stale formalities and pompous presentations. Rather, the organizers emphasized that this was an opportunity to embrace failure as a natural component of any business’s lifecycle. While only one lucky startup would leave the competition with $5,000 in seed-funding, the other 19 would carry home something equal in value: the freedom to continue dreaming beyond the constraints of investor-driven agendas.”
U.S. Army Veteran Andy Davis presents at the annual VETx event in the Ross School of Business
VETx Provides Stage For Veterans In Business School
News from University of Michigan Ross School of Business
“Taking on a theme similar to that of TED talks was this weekend’s third annual VETx event, a program where several Ross veterans spoke about their experiences after having served in either the U.S. or other nations’ armed forces. Over a hundred veterans and family members gathered in the Ross Colloquium for the event, which was hosted by the Armed Forces Association at Ross.
“As a part of the 2017 Veteran’s Week on campus, VETx aimed to offer veterans a platform to share their experiences with their peers and give the University community an opportunity to learn from their stories. This year’s celebration also had the unique distinction of honoring the largest class of veterans at Ross in the University’s history.”
What Employees Get Out Of Giving Back
News from INSEAD
“Though corporate social engagement is on the rise, its place within business culture remains uncertain. Sceptics argue that enshrining social impact as a core value contradicts the basic nature of a for-profit enterprise. They insist that social concerns should stay separate from, and secondary to, primary business needs.
“One compelling counter-argument is that while the common good may not always be a top business priority, attracting and retaining top talent absolutely is. And valued employees — like human beings in general — love to feel that they are helping others.
“Research literature tells us that acts of generosity might even make us feel good regardless of the extent of their impact, in what has been called the ‘warm glow’ effect. Altruism is its own emotional reward, which presumably pays off for firms that offer employees opportunities to apply their social conscience at work.”
Who Is Responsible For The Future Of Cities?
News from Harvard Business School
“On a rainy afternoon in late October, Mohsen Mostafavi stood before a packed auditorium at Harvard University and considered the history of cities in terms of three cooked eggs.
“Mostafavi, the Dean of the Harvard Graduate School of Design, described an analogy created by the late architect Cedric Price, who bottom-lined thousands of years of urban history into a breakfast order. The ancient city was a hard-boiled egg, surrounded and protected by a wall. Next came the fried egg, representing the city of the 18th and 19th centuries; with no wall to protect it, the core was surrounded by an expanding ring of residential and industrial growth.
“And finally, the scrambled egg — a delicious mess but a mess nonetheless: the modern city, sprawling with opportunity, technology, and confusion. ‘Somehow,’ Mostafavi said, referring to the current state of the urban landscape, ‘we have to make sense of this.’”
Kenan Sahin
This Startup Developed A Promising New Battery Material — And A Novel Survival Strategy
News from MIT Sloan
“As Kenan Sahin walks through the labs at Tiax, an energy technology development firm located along Boston’s tech beltway, he points to a row of little muffle furnaces in a small beige room. The company’s researchers use the ovens to heat mixtures of metals, producing slight variations of a nickel-rich cathode recipe that Sahin believes will improve the energy density, cycle life, and price of lithium-ion batteries.
“If he’s right, it would represent a rare genuine advance in battery materials, one that could help tip electric vehicles into the consumer mainstream. It’s the result of 15 years of research and tens of millions of dollars of personal investment, reflecting Sahin’s patient and deliberate approach to the innovation process.”
Forecasting The Future At The Vanderbilt Business Healthcare Conference
News from Vanderbilt University Owen Graduate School of Management
“On November 3, health care students and industry professionals convened at the Aertson Midtown hotel for the Vanderbilt Business Healthcare Conference. Organized entirely by Owen MBAs, this year’s conference focused on ‘Disrupting Healthcare: The Radical New Ways to Consume and Deliver Healthcare.’
“Attendees gained insights from five different speakers, as well as an MBA career panel featuring healthcare recruiters and talent developers. Each presentation focused on a different aspect of the disruptions coming to the health care industry.”
As MBA enrollments decline and other programs shutter, the UMN’s program is being proactive in response
UMN’s Business School Bucking National MBA Trends
News from University of Minnesota Carlson School of Management
“As declining enrollment has forced universities across the country to shake up their master of business administration programs, the University of Minnesota has tried to be proactive.
“Business schools ranging from the University of Iowa to Virginia Tech to Wake Forest University phased out their full-time MBA programs in recent years, and many other schools across the country have adapted in response to the low enrollment.
“Specialized master’s degree enrollment almost doubled from 2006 to 2016, according to a report by the Association to Advance Collegiate Schools of Business. Conversely, full-time MBA enrollment dropped by 20 percent.”
Bad Habits Are Holding Businesses Back
News from London Business School
“Freek Vermeulen, associate professor of strategy and entrepreneurship at LBS, makes the statement in his new book Breaking Bad Habits: Defy Industry Norms and Reinvigorate Your Business.
“He explains how businesses can identify bad practices, eliminate them from their organisation and then create new sources of innovation and growth by out-thinking competitors.”
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