In an article for The Wall Street Journal, Visiting Lecturer Irving Wladawsky-Berger spotlights MIT’s AI and the Future of Work Conference. Wladawsky-Berger writes that participants, “generally agreed that AI will have a major impact on jobs and the very nature of work. But, for the most part, they viewed AI as mostly augmenting rather than replacing human capabilities.”
Pamela Danziger of Forbes highlights research by Visiting Prof. Rogelio Oliva in an article about recent declines in retail staff and the resulting drop in retail sales. Retailers “could generate more sales if they staff at the correct level. Stores should staff to maximize sales and profits, not to minimize costs,” explains Oliva.
In an article for Fortune, Senior Lecturer Sharmila C. Chatterjee writes that brick-and-mortar stores can compete with online retailers by focusing on designing an attractive shopping experience for customers. “By focusing on their core competencies—one-on-one, human-to-human customer service, sensory-stimulating in-store experiences, and promise of instant gratification—traditional stores have an opportunity to excel where websites falter.”
Prof. Deborah Ancona and Senior Lecturer Hal Gregersen write for the Financial Times about the importance of collaborative leadership, highlighting how the development of the memorial to honor Officer Sean Collier was a collective effort. “To ‘step up’ and to ‘step aside’ — as needed — is the new way to lead in a world of distributed information and talent,” they note.
Dr. Joseph Coughlin, director of the AgeLab, speaks with Today Show reporter A. Pawlowski about his new book and why females are uniquely positioned to handle life after middle age. “One of the greatest under-appreciated sources of innovation and new business may in fact be women over 50,” says Coughlin.
In an article for the Financial Times about the best economics books of 2017, Martin Wolf highlights new works by Prof. Andrew Lo and Prof. Peter Temin. Wolf writes that in Temin’s “important and provocative book, [he] argues that the US is becoming a nation of rich and poor, with ever fewer households in the middle.”
The MIT Sloan School of Management is ranked third in Bloomberg Businessweek’s list of the Best Graduate Business Schools of 2017, reports Shahien Nasiripour. “Surveys of recruiters, alumni, and students, as well as recent graduates’ success at landing jobs and securing high starting wages” are used to determine the rank of the schools listed, Nasiripour explains.
Writing for The Boston Globe, President L. Rafael Reif issues a call for allies to help address the changing nature of work in the age of automation. “Automation will transform our work, our lives, our society," writes Reif. "Whether the outcome is inclusive or exclusive, fair or laissez-faire, is up to us.”
Prof. Yossi Sheffi writes for The Wall Street Journal that students should be learning soft skills such as communications, leadership and teamwork, tools that are necessary for managing organizations and supply-chains successfully. Sheffi writes that, “professionals need to hone their ability to communicate with people working across a wide range of disciplines and a variety of geographies.”
Ike Brannon writes for Forbes about a survey he conducted with Prof. Michelle Hanlon asking equipment manufacturing companies what they want from tax reform. The majority of respondents in this diverse industry were in favor of removing all business tax breaks to “achieve a corporate income tax in the vicinity of 20 percent that is fully ‘paid for’,” writes Brannon.
Writing for HuffPost, Laura Emily Dunn highlights the career of MIT alumna Diane Hoskins, one of two Co-CEOs of Gensler. “I’ve learned that the best way to lead is to identify great people and then trust them to do the job. No matter what business you are in, it’s always about the people,” says Hoskins.
In an article for HuffPost, Erandi Palihakkara highlights MIT’s Inclusive Innovation Challenge, which aims to recognize “organizations (both for profit and non-profit) that are committed to inclusion of technological innovations for economic prosperity of base and middle income earners.”
Bloomberg Businessweek reporter Arianne Cohen spotlights Prof. Andrew Lo’s research examining adaptive markets. Cohen explains that, “Lo’s hypothesis says people act in their own self-interest but frequently make mistakes, figure out where they’ve erred, and change their behaviors. The broader system also adapts.”
Prof. Pierre Azoulay discusses with Bloomberg reporter Peter Coy his research on how new ideas gain traction in science. “Azoulay found that the death of a star scientist is like the fall of a huge tree. It lets sunshine reach the forest floor through a hole in the leaf canopy, enabling new kinds of vegetation to flourish,” explains Coy.
Miro Kazakoff and Kara Blackburn, lecturers in the Sloan School of Management, have surveyed incoming MBA students for a glimpse at future workplace communication trends, reports Sophia Eppolito for The Boston Globe. “What we wanted to do in creating the survey was to get a sense of people who are just coming out of the workplace right now and seeking further training,” Kazakoff explains.