An opinion piece co-authored by Vijay Govindarajan explains why launching new business opportunities in key Indian industries will require companies to have a mobile-first strategy and implement 4G technology.
References an economic model by Emily Blanchard and co-authors Robert C. Johnson of Dartmouth's economics department and Chad Bown, senior fellow at the Peterson Institute for International Economics, in an article about the economic relationships the U.S. has with China and Mexico. Blanchard and her co-authors “estimate that about 11 percent of the value of goods manufactured in Mexico come from American-made inputs. With automobiles, the figure is 14 percent. With electrical equipment, it rises to 19 percent. For China, the numbers are a lot lower — about 2 percent on average,” writes The Washington Post.
An opinion piece by Dean Matthew Slaughter about how President-elect Donald Trump's assumption that immigrants damage, rather than enhance, the prospects for U.S. workers couldn't be further from the truth. "Skilled immigrants tend to complement, not substitute for, native-born workers in U.S. companies," says Slaughter. "A recent ambitious study of hundreds of America's most innovative companies found that when these U.S. companies hire more skilled immigrants, their employment of native-born skilled workers rises as well."
Highlights the three-factor model of investment returns that was introduced by Kenneth French, the Roth Family Distinguished Professor of Finance, and his colleague Eugene Fama, Nobel Prize–winning University of Chicago economist, in an article that discusses when it’s time to retire a theory.
As a guest on Bloomberg’s “What’d You Miss?,” Peter Fisher, senior lecturer and senior fellow at the Center for Business, Government & Society, discusses the outlook for the Fed and the timing of the Fed rate hikes in 2017, the importance of monetary policy to investors, the impact of political risk on the markets, and the outlook for Japan's economy. "The fed is going to have to reflect that the economy is a littler firmer than it was in September, the labor market is a little tighter, and the inflation measures have moved a little further,” says Fisher.
Cites the paper “Spatial and Temporal Heterogeneity of Marginal Emissions: Implications for Electric Cars and Other Electricity-Shifting Policies,” co-authored by Erin Mansur in an article about how electric car emission impact is highly dependent on how the electricity is sourced.
The Atlantic's "City Lab," cites the paper “Distributional Effects of Air Pollution from Electric Vehicle Adoption,” co-authored by Erin Mansur, the Revers Professor of Business Administration, in an article about whether electric-vehicles (EV) are truly better for the environment. “The co-authors mapped out the costs and benefits of EV adoption in terms of the emissions they put into the air—not only carbon dioxide, but also pollutants that affect local air quality, such as sulfur dioxide, nitrogen, particulate matter, and volatile organic compounds,” writes City Lab. “Unsurprisingly, the places with the greatest EV adoption rates got cleaner air as a result.”
Cites the paper, “High-Skilled Immigration and the Rise of STEM Occupations in U.S. Employment,” co-authored by Dean Matthew Slaughter in an article challenging the narrative that visas let foreigners take Americans’ jobs at lower wages. “The study shows that the average foreign worker in science and technology jobs starts out making only slightly less than American-born workers—about 94 cents on the dollar,” writes The Atlantic. “But after working in the United States for five years, the average foreign STEM worker earns $1.04 for every dollar their American colleagues make.”
Quotes Punam Anand Keller about Tuck's Next Step: Transition to Business program, which is designed for veterans and elite athletes looking to make a move into the business world. “The goal is to help our participants focus strengths, translate experiences, and identify opportunities so they can land the excellent jobs they absolutely deserve,” says Keller.
Quotes Vijay Govindarajan about the problems facing Tata Group after the controversial dismissal of Cyrus Mistry as chairman of Tata Sons Limited. "First, the Tata group is always known for management excellence despite being family-owned. That is why the current leadership crisis stands out as an anomaly," says Govindarajan. "Second, this incident raises fundamental issues of corporate governance that all Indian companies must address going forward. Third and perhaps the most important is the distraction this crisis is causing at a time when the Tata group has to contend with many challenges like Brexit or the most recent US elections that have cast globalization in a different light. The last thing they need is a crisis at the top."
Highlights Eric Spiegel T'87, CEO of Siemens USA, as the keynote speaker on Monday at Governor Maggie Hassan's summit on work-based learning and better preparing students for the job world. According to the New Hampshire Union Leader, Spiegel will speak about America's "training gap" and how New Hampshire can develop public-private partnerships to train workers for jobs in science, technology, engineering, and math fields.
Cites the 2011 study, Does Retailer CSR Enhance Behavioral Loyalty: A Case for Benefit Segmentation, co-authored by Kusum Ailawadi, Scott Neslin, and Gail Taylor that showed that extremely price-conscious consumers are not swayed by corporate giving.
An opinion piece co-authored by Vijay Govindarajan about how contrary to popular belief big companies can still innovate just as well—if not better—than startups. “The world faces many complex problems,” says Govindarajan. “Big companies, such as GE, with historic global presence and valuable resources can help to tackle some of those complex problems. Emergent firms would do well to follow their example.”
An opinion piece co-authored by Vijay Govindarajan about how the contrasts between Disney and Warner Brothers provide an instructive study on how the key to success is adapting to industrial changes. "Repeating what you've done in the past or copying what someone else is doing now is not innovative, and it's innovation that underwrites future success," says Govindarajan. "The contrasting fortunes of Disney and Warner Brothers highlight the importance of continuous innovation. Indeed, long-term competitiveness depends on it."
As a guest on CNBC's Power Lunch, Paul Argenti discusses management issues in the auto sector as companies like Uber and Tesla are disrupting the industry. "This comes at a really bad time for them, and I think the new competition is something that they're not ready for," says Argenti.
Highlights Dana Ehrlich T'05, founder and CEO of the grass-fed beef company Verde Farms, in an article about successful startups that have been growing and expanding without the help of investors or venture capitalists. Ehrlich used $100,000 from savings and student loans to secure debt financing. The New York Times writes that the company, “Sold 10.1 million pounds of grass-fed beef in 2015, up from 240,000 pounds in 2008. Sales, which totaled $665,000 in 2008, surged to $7 million in 2009 and more than $50 million in 2015.”
An opinion piece by Fred McKinney about the rifts that the presidential campaign is causing in America. McKinney challenges readers to come together as a nation before the current crisis becomes an existential crisis for the Republic. “There is too much at stake to let hate and ignorance rule,” he says. “The only superiority one group or person can ever have over another group or person is based on the capacity to love.”
Quotes Vijay Govindarajan in an article about a new incentive being offered to AOL employees—the chance to launch their own startup with funding and six months to develop their project. Govindarajan argues that the more a company is productive in the present, the less it can be focused on the future. “The performance engine is too powerful,” he says. “The focus on preserving it is too intense.”
Vijay Govindarajan describes how Abraham Lincoln applied elements from his book The Three Box Solution during the Civil War. He writes that Lincoln, "decisively left behind the conventions of the past and created a new relationship with both the military and the general public."
Features an interview with Brian Gerrard who worked with his brother Justin Gerrard T'16, to create the mobile app Bae (Before Anyone Else).The brothers won a Dartmouth pitch competition last year and received $30,000 to launch the app.
Continued coverage of a study conducted by Gordon Phillips and colleagues that examines the correlation between job loss and credit access and how it can affect the job seeking process in the U.S.
An opinion piece co-authored by Vijay Govindarajan about making a radical career change—offering six tips on how to be successful while making the shift. Govindarajan writes, “Once we’re on the path of growth, we can continually move through the seasons of transformation and renewal.”
Review calls The Three Box Solution by Vijay Govindarajan, "a clear winner" with concepts that should be part of every organization's DNA.
Cites a recent study co-authored by Anup Srivastava about why successive cohorts of certain firms are persistently riskier. The study found that each new cohort uses riskier production technologies and operates in more competitive product markets than its predecessor.
Quotes Anant Sundaram about Chinese e-commerce giant Alibaba which is now under investigation by the U.S. for questionable accounting practices. "I think it's a moment of truth for the company. If I'm buying into that stock, what am I buying into?"
Highlights Sydney Finkelstein as a guest speaker at the 2016 Digital Enterprise Show in Madrid, Spain. Finkelstein discussed the need for organizations to generate and regenerate talent in order to survive and shared what characteristics employers should look for in new hires.
Features a study conducted by Gordon Phillips and colleagues that examines the correlation on how job loss and credit access can affect the job seeking process in the U.S. Bloomberg writes, “It turns out that credit can often help jobseekers get back on their feet, especially those with lower income and fewer savings.”
A feature article about Vijay Govindarajan and his new book The Three Box Solution: A Strategy for Leading Innovation.
Robert Devers Wilson T'16 is one of 13 business students and early-career executives chosen by Fellowships at Auschwitz for the Study of Professional Ethics (FASPE) to participate in its two-week program in Europe this summer. "The FASPE program is a once in a lifetime opportunity to learn from history's greatest tragedy and apply those lessons to our world today," says Wilson. "The types of ethical breakdowns that led to the Holocaust still abound in the world today, and FASPE is designed to help us fight against such injustice."
Quotes John Vogel in an article about the marketability of Iron Horse Park—a proposed project zoned for construction of a combined 660,000 square feet of residential, retail, office and industrial space. Vogel argues that developing affordable housing or successful brick-and-mortar stores may be tough given the slow growth of the Upper Valley and the convenience of online retailers.
An opinion piece by Judith White about the excuses made when it comes to negotiating a better salary and tips on how to overcome them. "You can overcome these excuses. Each one that I've described boils down to a normal, healthy desire to avoid feeling bad about ourselves. Each results from framing negotiation as losing something: relationships, self-esteem, self-worth. To put it simply, we make excuses for negotiating in order to avoid losing face—ours or someone else's."
Sydney Finkelstein shares how to find a career that won't make you dread Monday mornings. "Your career isn't something beyond your control. It is in fact one of the absolute most important things you need to actively manage as CEO of your own life. If you can make Sunday night feel no different than Friday night, you'll know you did it."
As a guest on CNBC’s Fast Money, Roger McNamee T’82, Elevation Partners co-founder, discusses Amazon and Facebook as his top two tech stock picks. "Amazon and Facebook really stand out," says McNamee. "They have enormous opportunities."
An opinion piece by Sydney Finkelstein about five habits that successful individuals exhibit. “There’s no formula for divining the next great idea, but what you can do is develop a series of habits that increase your chances of an innovative breakthrough,” writes Finkelstein.
T’16s Alicia True Dagrosa, Whitney Flynn, Joseph Mpumelelo Ngwenya, Johnny Mathias and Pete Mathias have been named to Poets & Quants’ list of 2016 Best and Brightest MBAs. Poets & Quants selected 100 MBA graduates, hailing from 53 different MBA programs globally. Check out their profiles on page four of the P&Q story.
A feature story about Tracy Sun T'05, co-founder and vice president of merchandising at Poshmark, a social commerce app that enables the buying and selling of secondhand clothing and accessories online. San Francisco Chronicle highlights that the company has accumulated more than 1.5 million sellers, who engage with the app an average of seven times per day. "Those are the kind of numbers you'd expect to hear from a Facebook or a Pinterest," says Sun. "You don't often hear that kind of addictiveness or engagement in a commerce app."