Business and management

Sergey Paltsev, deputy director of the MIT Joint Program on the Science and Policy of Global Change, speaks with Brian Cheung of Yahoo Finance about climate change, the path to net-zero emissions and COP26. “What is extremely important is to send the clear signal that this policy [the Paris Climate Agreement] is going to stay,” says Paltsev of his hopes for COP26. “Because what the investors need, what the companies need, they need to see that these targets are solid, that we are not going to give away and give up, even though we are not there in terms of the emission reduction.”

Writing for Quartz, Sloan Prof. Abdullah Almaatouq and Prof. Duncan Watts of the University of Pennsylvania explore the costs and benefits of being part of a team when completing a task. “The bottom line is that for simple tasks,” they write, “the cost of teamwork exceeds the benefit, whereas for complex tasks the benefits of teamwork surpass the costs, leading to greater efficiency.”

Forbes contributor Adi Gaskell writes that a study by MIT researchers finds “women tend to be under-represented in managerial roles in large part because their leadership skills are undervalued.” Gaskell writes that: “the MIT findings should provide a fresh incentive for organizations to look afresh at their assessment and promotion practices to ensure they're not only fair to all employees, but are most effective in rewarding those with the most ability.”

Prof. Yossi Sheffi speaks with David Pogue of CBS Sunday Morning about what’s causing the current supply chain breakdowns. "The underlying cause of all of this is actually a huge increase in demand,” says Sheffi. “People did not spend during the pandemic. And then, all the government help came; trillions of dollars went to households. So, they order stuff. They order more and more stuff. And the whole global markets were not ready for this."

Bloomberg Businessweek reporters Brendan Murray and Enda Curran spotlight the MIT Beer Game, a role-playing exercise that is an annual rite-of-passage for first-year Sloan MBA students that “models the supply-and-demand dynamics among a brewery, distributor, wholesaler, and retailer.” “The pandemic revealed flaws that were latent all along our globalized supply chains,” says Prof. John Sterman. “It’s urgent that we figure out how to improve them so we are prepared for the next shocks, whether another pandemic, civil unrest, climate change—or all of the above.”

Alicia Chong Rodriguez SM ’17, SM ’18 speaks with Boston Globe reporter Pranshu Verma about the inspiration for her startup BloomerTech, which is focused on addressing heart disease in women, and the underrepresentation of women in clinical trials. As part of this effort, BloomerTech is developing a “sensor-enabled bra that feeds real-time heart data to doctors running clinical trials on women’s cardiovascular disease.”

A new study co-authored by Institute Professor Daron Acemoglu finds that countries with older workforces are seeing a larger increase in the use of robots, reports Timothy Aeppel for Reuters. Acemoglu and his colleague Pascual Restrepo of Boston University found that “age alone accounted for 35% of the variation between countries in their adoption of robots, with those having older workers far more likely to adopt the machines.”

MIT placed second on U.S. News & World Report’s 2022 annual rankings of the best colleges, reports CBS Boston.  

MIT has been named the number 2 university in the U.S. in U.S. News & World Report's annual rankings, reports Abigail Hess for CNBC.

Fortune reporter Nicole Gull McElroy spotlights how the MIT Sloan School of Management’s Master’s Degree program in Integrated Design and Management (IDM), “ is an effort to blend, in a first-of-its-kind approach, engineering and business degrees under the business school’s umbrella.”

Prof. John Sterman speaks with CNBC reporter Diana Olick about the impacts climate change will have on supply chains and how businesses can prepare. “What you want to do as a company is find ways to cut your emissions that also improve your resilience and generate other benefits for you, so that the risks that you face are lower,” says Sterman.

A new paper co-authored by Prof. James Poterba finds that not all projects to enhance infrastructure are worth investing in, reports David Harrison for The Wall Street Journal. “If we are going to commit a significant amount of resources to new infrastructure projects or to maintain our existing infrastructure, bringing some discipline to the way we decide what we’re spending on is an important element of this,” says Poterba.

Prof. Michael Cusumano, deputy dean of Sloan, speaks with Meghna Chakrabarti of On Point on the growth of Amazon Web Services (AWS) and whether AWS should be broken off from Amazon. “We have also seen cloud computing evolving into being like an operating system – so it’s more than a utility, it’s a development environment,” says Cusumano. “It has become a platform for innovation, so we have to be careful with what we do with it.”

Provost Marty Schmidt speaks with TopUniversities.com reporter Chloe Lane about how MIT has maintained its position as the top university in the world on the QS World University Rankings for 10 consecutive years. “I am honored to have been a part of the MIT community for almost 40 years,” says Schmidt. “It’s a truly interdisciplinary, collaborative, thought-provoking place that encourages experimentation and pushes you to expand your mind. I think it’s a wonderful place to call home.”

A new study co-authored by Professor Scott Stern finds that stimulus measures enacted during the pandemic may have contributed to a surge in start-ups in America, particularly in Black neighborhoods, reports Quoctrung Bui for The New York Times. “The idea that the pandemic has kind of restarted America’s start-up engine is a real thing,” says Stern. “Sometimes you need to turn off the car in order to turn it back on.”