Seb Murray writes for the Financial Times about the increasing importance of business plan competitions, like the MIT Launch competition. Prof. Bill Aulet, managing director of the Martin Trust Center for MIT Entrepreneurship, stresses that winning a competition doesn’t guarantee success if winners “self-delude themselves into thinking they no longer need to evolve their business plans.”
Forbes Contributor Steve Banker highlights Prof. Yossi Sheffi’s new book, Balancing Green, which focuses on sustainability in business. As Sheffi explains, “many companies engage in sustainability initiatives to prevent them from having to react to a rising tide of sentiment,” writes Banker. “Getting ahead of these kinds of campaigns can be at the heart of a robust risk management program.”
Sloan Adjunct Associate Prof. Zeynep Ton is one of the “forward-thinking professors” to receive this year’s Ideas Worth Teaching Awards from the Aspen Institute, which “celebrate curricula that bring to life the promise of meaningful work in business,” reports Lila MacLellan for Quartz. Ton was recognized for teaching Management of Services: Concepts, Design, and Delivery.
In a commentary on CNBC, graduate student J. Daniel Kim and a co-author describe research with Prof. Pierre Azoulay and the U.S. Census Bureau on the average age of successful entrepreneurs. By working with the U.S. Census Bureau, they were able “to examine all businesses launched in the U.S. between 2007 and 2014, encompassing 2.7 million founders.”
In a Q&A with The Boston Globe’s Sarah Shemkus, Prof. Yossi Sheffi discusses his new book, Balancing Green, which examines “the challenges and benefits of ‘going green’ in a multilayered global economy.” Sheffi suggests green practices can be advantageous for companies because “certain things also cut costs and increase profit, like energy savings.”
The Boston Globe highlights some of the notable speakers who will deliver remarks at commencements across New England in the coming weeks, including Sheryl Sandberg, COO of Facebook, who will speak at MIT’s ceremony.
In an opinion piece for The Boston Globe, two Sloan students and their co-authors argue that “business school leaders, instructors, and students must bring workers’ perspectives into the MBA curriculum.” They caution that, “an economy that delivers gains only to the top will suffer ills far worse than inefficiency.”
In this one-minute read for Fast Company, Michael Grothaus quips that “40 is the new 20,” based on a new working paper by Sloan Prof. Pierre Azoulay and graduate student Daniel Kim. They found that “when it comes to entrepreneurship, the average successful business founder is 42 years old,” reports Grothaus.
Bloomberg View’s Barry Ritholtz interviews MIT Innovation Teams Program (i-Teams) Director Luis Perez-Breva about his love for projects that “look impossible,” ideas that are “born bad,” and what the word “innovation” really means.
MIT startup Ministry of Supply has launched an intelligent heated jacket that can operate manually or respond to smart assistants. As Richard Priday of Wired explains, the “optimum temperature of the garment” is calculated using sensors that detect the outside temperature as well as the user’s body movement and temperature.
Ministry of Supply, which was founded out of MIT, is launching a new line of “intelligent outerwear” that will feature a jacket that can be warmed from your smartphone. "We think technology should just blend into the background and be simple to use,” cofounder and president Gihan Amarasiriwardena ’11 told Janelle Nanos of the Boston Globe.
Research by Associate Prof. Jared Curhan in Sloan found that back-to-back negotiations can be challenging, particularly if a person has recently been successful. “Hubristic pride may give you a false sense of confidence, and you may underestimate your next counterpart,” Curhan tells Aisha Al-Muslim at The Wall Street Journal. “That may make you not prepare adequately for the next negotiation.”
Speaking to Bloomberg’s Emily Chang and Selina Wang, Lecturer Luis Perez-Breva suggests that fear of AI stems from confusing it with automation. Perez-Breva explains that in his view, “we need to make better businesses that actually use this technology and AI to take advantage of the automation and create new jobs.”
With additional cash expected as a result of the Tax Cuts and Jobs Act, public companies should make capital investments in sustainable project and programs, suggests Senior Lecturer Robert Pozen in a piece for Fortune. “Now is the time for public company executives to invest for the future—to create jobs and expand local facilities,” writes Pozen.
In an article for The Wall Street Journal, Greg Ip highlights a new study by Prof. Erik Brynjolfsson and graduate student Daniel Rock that examines why advances in technology have not yet led to increases in productivity. Ip writes that, “the authors blame these lags on the cost and time it takes for businesses to adapt to new technologies.”