Business and management

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.”

Prof. Thomas Kochan speaks with Reuters reporter Timothy Appell about how the decision to support a union campaign can often become a risk assessment for employees. When it comes to individual campaigns in a workplace, “the reality sets in - when the employer campaigns so hard that you think you’re putting your job at risk,” says Kochan.

Prof. Yossi Sheffi speaks with CNN’s Zachary Wolf about how the Covid-19 pandemic has affected supply chains, impacting the supply of ketchup packets and causing delays in computer chips. “During the pandemic many industries reduced their orders and suppliers reduced their orders and capacity even further (because they anticipated that future orders will also be reduced),” says Sheffi. “When the economy came back, there was no capacity to snap right back.”

Writing for Forbes, Elisabeth Reynolds, executive director of the MIT Task Force on the Work of the Future, underscores the need to improve job quality, increase access to education and training, and invest in technologies that augment workers. “The public and private sectors must also be innovative in the ways in which they can collaborate in creating a work of the future that leads to greater shared prosperity,” writes Reynolds.

Reuters reporter Trevor Hunnicutt spotlights how Elisabeth Reynolds, executive director of the MIT Task Force on the Work of the Future, has been tapped by the Biden administration to serve on the National Economic Council.

Boston Globe reporter Dan McGowan speaks with graduate student Aiyah Josiah-Faeduwor about his family’s restaurant, Bintimani, which is relocating to Providence, Rhode Island. Josiah-Faeduwor “has spent a lot of time in recent years studying the question of how to make retail spaces more usable for small businesses,” writes McGowan. “While his dad focuses on the restaurant, he envisions using the location to offer event space or a yoga studio at different times.” Josiah-Faeduwor says, “we want it to be a platform for other entrepreneurs, other businesses.”

Writing for GBH, lecturer Malia Lazu explores how to build racial equity into the innovation economy. “Without centering the value of Black contributions to our economy,” writes Lazu, “economic equity in our country will be nothing more than a good intention.” 

In an opinion piece for The Wall Street Journal, Prof. Stuart Madnick explores how businesses can prepare for side-door hacks. Madnick underscores how “defense comes in two forms: prevention and mitigation. Both must be addressed.”

Forbes contributor Adi Gaskell spotlights how the MIT Task Force on the Work of the Future recently released a comprehensive report examining the future of work. Gaskell writes that the Task Force's report emphasizes the “pressing issues of our time as one of improving the quality of jobs to ensure that prosperity is shared across the economy.”