Clockwise from top left: Bilikiss Adebiyi-Abiola; Elliot Cohen; Tunde Alawode; Emily Reichert; Frederic Kerrest; Aukrit Unahalekhaka; and Kit Hickey, Gihan Amarasiriwardena, Aman Advani
Where Are They Now: Catch Up With 19 Of MIT’s Smartest Startups
News from MIT Sloan School of Management
“More than 500 tons of garbage, 10 pilot cities, two major medical initiatives, one “unicorn.” In 2017 MIT Sloan alumni reached long-term goals, broke molds, and improved the lives of many people along the way. Here’s a look at some significant steps taken in the past 12 months.”
Big Tech Is Not Untouchable
News from London Business School
“Google, Facebook and Amazon could have their freedoms curbed this year, according to Julian Birkinshaw, Professor of Strategy and Entrepreneurship at London Business School. ‘The tech giants are huge beasts and there is a growing sense of unease about their power,’ he said.
“Last November the attorney-general of the U.S. state of Missouri launched an investigation into Google to establish whether it had broken antitrust and consumer protection laws. Other states are also examining the power that Google gains through collecting consumer data.
“In Europe, Margrethe Vestager, the European Competition Commissioner, is about to hit Google with an antitrust fine of hundreds of millions of euros or more over its advertising network AdSense. The commission alleges that Google’s contracts with other websites broke competition law by preventing them from using other firms’ advertising networks within those websites’ search results.”
Marc Rubin
Marc Rubin Named New Dean Of Miami Farmer
News from Miami University Farmer School of Business
“Marc Rubin, professor of accountancy and interim dean of Miami University’s Farmer School of Business, has been named dean of the Farmer School.
“Rubin has served as interim dean since last summer. His two-year appointment as dean takes effect pending approval by the university board of trustees in February.
“Rubin has taught at Miami since 1990. He has been the PwC Professor of Accountancy and previously was chair of the accountancy department. He currently serves as the president–elect of the American Accounting Association and has been a member of the AACSB Accounting Accreditation Committee since 2015.”
Winters In Chicago — Are They That Bad?
From the University of Chicago Booth School of Business
“When I decided to matriculate at Booth and delivered the happy news to my family, I was met with some concern. Sure, my parents knew Booth is an amazing program and were very excited for me personally and professionally, but one thing weighed heavily on them, the weather.
“’Isn’t Chicago super, like super-duper cold?’ – my parents asked wearily. While my family never visited Chicago, they had a vision of the city based on TV and pop culture imagery. As they were born in the ex-USSR, they knew all about cold. My family remembered getting snowed in and was worried about my MBA experience, dramatizing it to sound like a natural disaster movie. The cold my parents grew up with was one that I could not even imagine, as I spent all my life in the sunny climes of Tel Aviv in Israel, with temperatures NEVER dropping below a very pleasant 50F/10C.
“So, when I moved to Chicago in July of 2016, I did not really know what to expect, but I was not worried. While I realized that I was probably in for a ride, I kept hearing from alumni that the weather is not as bad and that the city is flourishing despite it.”
Looking At Both Sides In Search Of A Solution
News from UNC Kenan-Flagler Business School
Jeff Mittelstadt
“Highlighting the similarities between different sides of an issue to find practical solutions has been the common thread in the career of Jeff Mittelstadt (MBA ’07), documentary filmmaker.
“A childhood fascination with wildlife grew into a wider interest in sustainability – the confluence of social, environmental and economic issues, and human interactions with the environment. Those interests shaped his education and career decisions.
“’Everything I’ve worked on has been all about understanding people on different sides of an issue and finding a way for them to work together, or finding a solution that is amenable to different perspective, whether that means capturing it in a new way or using compromise or finding win-win situations,’ says Mittelstadt.”
The Startling Percentage Of Financial Advisors With Misconduct Records
News from Harvard Business School
“Even as President Donald Trump and Republican leaders seem set on a course to weaken Obama-administration consumer protection regulations, a soon-to-be-published study reports that 7.3% of financial advisors in the United States have been cited for abuses.
“All financial advisors are required to disclose any whiff of misbehavior to the Financial Industry Regulatory Authority (FINRA), an independent monitoring organization regulated by the Securities and Exchange Commission. A research team examined those records to determine the extent of wrongdoing, especially among financial advisors.
“By examining this data in detail, they found that financial misconduct is widespread within the financial industry, with one in 12 financial advisors in the U.S. censured for abuses.”
The Leadership Benefits Of Performance And Storytelling
News from INSEAD
Dramatic strategy moves audiences, empowers them to play a role and realigns them with a higher purpose
“The scene is set in 2002 at the San Jose Convention Centre in California where software developers have gathered for the Worldwide Developers Conference (WWDC).
“On a darkened stage, the giant screen shows the interior of a cathedral while Bach’s Toccata and Fugue in D minor echoes through the walls. Smoke glides across the floor. A white light overhead brightens the stage as a black coffin slowly rises from a secret trapdoor. As the music softens, the audience claps.
“Steve Jobs, in his usual black turtleneck and blue jeans, walks to the casket and opens it. The audience laughs.
“From within, he pulls out an oversized box marked ‘Mac OS 9.’ He props it against the opened lid – and the audience breaks into wild applause.”
Kellogg School of Management’s Global Hub was the second Northwestern building to receive a LEED Platinum certification
Kellogg’s Hub Wins LEED Platinum Certification
News from Northwestern University Kellogg School of Management
“The Kellogg Global Hub is now Leadership in Energy and Environmental Design platinum-certified.
“Northwestern’s latest lakeshore glass monolith, completed December 2016, is the first new building on campus to receive the highest level of LEED certification. LEED certifications are awarded by the U.S. Green Building Council to evaluate and recognize environmentally friendly buildings for their sustainability and energy conservation.”
IESE has four playlists on Spotify. Photo by IESE
IESE Joins Spotify, First B-School On Popular Music Streaming Service
News from IESE
“IESE has joined Spotify, becoming the first business school on the music streaming service and giving any member of the IESE community the chance to add to playlists for everyone to enjoy.
“For the moment, IESE has four playlists: ‘Time to (case) study,’ ‘Positive leaders,’ ‘Run with it!,’ and ‘The spirit of IESE.’ Students, professors, staff and alumni have contributed songs to the lists, creating a channel that’s by everyone and for everyone, and where anyone can “listen” to IESE in a dynamic and different way. Through Spotify, the more than 45,000 current and past students and participants can share their musical tastes for each moment and mood.”
Facebook, BlackRock, And The Case For Purpose-Driven Companies
News from HBS
“Last week, Facebook CEO Mark Zuckerberg announced that his platform needs to change. Community feedback has shown that public content has been ‘crowding out the personal moments that lead us to connect more with each other,’ according to Zuckerberg. As a result, the company says it will be focusing more on promoting posts from friends rather than from media outlets, thereby leading to more-meaningful social interactions.
“While the long-term consequences for users, journalists, media, friendships, Facebook itself, and the future of democracy (see: fake news) are uncertain and hard to judge, there are some lessons we can draw from the announcement.”
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