HBS photo
News from Harvard Business School
“The Business and Environment Initiative is the hub for environmentally-focused research, teaching, and discourse at HBS. We connect faculty, students, alumni, and practitioners to deepen the understanding of the most pressing environmental challenges confronting business leaders and to inspire new ideas and solutions.
“We have three core goals: catalyze and refine faculty research ideas, educate MBAs on the value of natural resources and the opportunities for innovation and investment, and inform and engage alumni to leverage their expertise in the field. Moreover, BEI leverages all three areas of focus to help move the needle on climate action.
“The initiative is especially active on the curriculum front through facilitating the development of innovative cases, teaching notes, and other materials, both for use in the HBS classrooms and for broader distribution to MBA and Executive Education programs around the world. We have a group of core faculty who are particularly active in writing case materials on environmental topics including climate change, sustainable cities, clean energy, and integrated reporting.”
To gain a range of perspectives on Puerto Rico’s energy and infrastructure challenges, the center organized meetings with more than a half-dozen stakeholders on the island. Tuck photo
Revers Center Examines Puerto Rico’s Recovery After Hurricane Maria
News from Dartmouth College Tuck School of Business
“On September 20, 2017, the category-4 Hurricane Maria made landfall on Puerto Rico, devastating the island in every way imaginable.
“The death toll of the storm and its aftermath is estimated at nearly 3,000. The winds reached 175 miles per hour, uprooting trees and knocking down 80 percent of the island’s power lines, leaving 3.4 million residents without electricity — the largest blackout in U.S. history. Power to the whole island wasn’t restored until almost a year later, and many of the repairs are temporary and vulnerable to future storms.”
INSEAD
Don’t Let Time Pressure Dictate Your Options
News from INSEAD
“Jan had recently accepted a challenging position in a new city. Keen to prove himself as quickly as possible, he didn’t hesitate to take on responsibilities at work. As a result, he had little time left to search for a home in a market already short on options. Before he knew it, his two months of company-arranged accommodation were over.
“At the very last minute, a former schoolmate offered Jan a sublet close to his office. He gratefully accepted on the spot, even though the rent was kind of high. To Jan’s dismay, renovation on the building started right after he moved in. Also, the upstairs neighbour made so much noise at night that Jan could not sleep even though he was exhausted from his long hours. His performance at work started to deteriorate. A couple of weeks into this nightmare, Jan was robbed in front of his apartment building and discovered that the neighbourhood was rife with crime. It took the help of his lawyer and a hefty penalty fee for Jan to get out of the sublease. The experience taught him to think twice before settling for the least bad deal in a rushed situation.”
Northwestern Kellogg
Customers Can Be Jerks. Here’s Why Some Employees Retaliate.
News from Northwestern University Kellogg School of Management
“Many of us have, likewise, contemplated acts of sabotage against troublesome customers. Still, we usually know better than to take action. Not only would that sort of payback be unethical, it could embarrass our employers or even get us fired.
“But what can we learn from situations when workers do go tit-for-tat with unpleasant customers? That’s the question posed in a new paper from Cynthia Wang, a clinical professor of management and organizations at the Kellogg School.”
Paul Michelman (left) and Ben Shields in the studio. Photo: Global Business People
MIT Sloan Launches Sports Analytics Podcast
News from MIT Sloan School of Management
“MIT Sloan Management Review has launched ‘Counterpoints,’ a new sports analytics podcast. The podcast offers sports fans and professionals an inside perspective on what drives teams’ performance on and off the field.
“In each episode, cohosts Ben Shields, senior lecturer within the MIT Sloan School of Management, and Paul Michelman, editor in chief of MIT Sloan Management Review, set up a thesis statement. They then turn to a top expert in the field of sports analytics to make the case. Shields and the episode’s expert engage in a lively discussion and debate, and look to data and analytics to prove or disprove the issue at hand. Expert guests include senior executives from sports organizations, sports analytics researchers, and sports technologists.
“One early episode features sports analytics consultant, author, and speaker Ben Alamar, who proposes that basketball intelligence, separate from measures of athleticism or past performance, is a predictor of a player’s success in professional basketball.”
Duke Fuqua
Duke Fuqua Survey: Recession Is Coming
News from Duke University Fuqua School of Business
“To hear chief finance officers tell it, the global economy is heading toward a recession.
“That’s the top takeaway from the latest CFO Survey, a quarterly survey conducted by Duke University’s Fuqua School of Business.
“More than half of responding CFOs said they thought the United States economy would be in recession by the end of 2019. Four out of five responding CFOs said the United States economy would be in a recession by the end of 2020. More than half were even more pessimistic, saying the recession would start in less than 12 months.”
Scott Shackelford. IU photo
Kelley School Cybersecurity Expert Offers Holiday Shopping Tips For Protecting Identity
News from Indiana University Kelley School of Business
“Amid the many warnings this holiday season about protecting your identity while shopping online comes advice from Scott Shackelford, associate professor of business law and ethics in the Indiana University Kelley School of Business and one of the nation’s leading cybersecurity experts.
“‘In some ways shopping online is getting safer,’ said Shackelford, also chair of the Kelley School’s Cybersecurity Program in Risk Management and director of the Ostrom Workshop Program on Cybersecurity and Internet Governance. ‘For example, a few years ago it was relatively uncommon for many sites to use encrypted https technology, but that’s become the norm. However, as may be seen by a quick scan of the news, data breaches continue.
“‘The good news is that the cost of those breaches is going up with Federal Trade Commission and European Commission investigations ongoing into firms like Equifax and Facebook, and consumer patience is also wearing thin,’ he added. ‘One recent survey, for example, found that 20 percent of consumers would not shop again at a firm that experienced a data breach.'”
Wharton
Don’t Call It ‘Shark Tank’: Competing For Capital On ‘The Pitch’
News from The Wharton School at the University of Pennsylvania
“Fans of ‘The Pitch’ podcast from Gimlet Media, a digital media company and podcast network, are familiar with its spiel to win over listeners: It’s where ‘real entrepreneurs pitch to real investors — for real money.’ Just don’t call it the ‘Shark Tank’ for podcast listeners.
“Silicon Valley venture capitalist and philanthropist Jillian Manus, a regular judge on ‘The Pitch,’ which Fortune recently called ‘the best business podcast on startup life,’ has said that she instead aspires for it to be ‘the antithesis’ of ‘Shark Tank,’ the hit ABC TV show where high-profile investors such as Mark Cuban hear startup pitches and choose whether or not to invest. Living up to its name, ‘Shark Tank’ investors put entrepreneurs in the hot seat and are sometimes downright disrespectful to the show’s expectant entrepreneurs.”
Team Solaris won the EnergyHack’s first prize for their development on an innovative approach to green and energy efficient buildings. Image courtesy of MIT Energyhack
Hacking Away At The World’s Energy Problems
News from MIT Sloan
“Over the first weekend of November, the MIT Energy Club hosted its fourth annual MIT EnergyHack, a three-day event focused on bringing together students from vastly different backgrounds to develop innovative solutions to challenges in the energy industry.
“Over 100 hackers flew across the United States and around the world to compete in the event (formerly known as the MIT Energy Hackathon), including 35 students from China. With many local students in attendance, nearly 40 teams competed in the EnergyHack’s semifinal round.”
James Forbes, Vice Chairman of UBS Group, Americas. Vanderbilt photo
Three Lessons In Financial Leadership From The Vice Chairman Of UBS
News from Vanderbilt University Owen Graduate School of Management
“James Forbes is a managing director and vice chairman of UBS Group, Americas. UBS is the largest Swiss bank in the world and has offices in over 50 countries, managing over $2 trillion in assets. Before joining UBS, Forbes served as the Head of Global Principal Investments at Bank of America and the Global Head of Healthcare Investment Banking at Merrill Lynch.
“Forbes came to speak at Vanderbilt Business a few weeks ago as part of the Distinguished Speaker Series (DSS). DSS is a student-run initiative that regularly brings in high-profile speakers to share their business insights at Vanderbilt. Past speakers include Lynn Good, CEO of Duke Energy; Anu Aiyengar (MBA’99), Head of M&A North America at J.P Morgan; and Reese Witherspoon, Oscar-winning actress and founder of Draper James. Hosted by Dean Eric Johnson, the talks are open to all students, faculty, and staff at Vanderbilt.”
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