Business and management

The MIT Sloan School of Management was ranked as the top Business Analytics MBA program by U.S. News & World Report, writes Ilana Kowarski.

Forbes contributor Peter High spotlights how a study from researchers at MIT’s Center for Information Systems Research (CISR) examines the digital savviness of companies and their boards. “We found that of all listed companies in the United States with revenues over a billion, only 24% of their boards were digitally savvy, and their companies had much better performance,” explains Peter Weill, senior research scientist and chairman of CISR.

Prof. Sinan Aral speaks with NPR’s Michael Martin about his new book, “The Hype Machine,” which explores the benefits and downfalls posed by social media. “I've been researching social media for 20 years. I've seen its evolution and also the techno utopianism and dystopianism,” says Aral. “I thought it was appropriate to have a book that asks, 'what can we do to really fix the social media morass we find ourselves in?'”

Prof. Sinan Aral speaks with GBH’s Arun Rath about his study showing that a lack of coordination between states on their reopening plans can lead to an influx in Covid-19 cases. Rath also spotlights the Broad Institute’s work processing over 1.5 million diagnostic tests for coronavirus since March 25.

Writing for Forbes, research affiliate Thomas Davenport spotlights the virtual MIT Chief Data Officer and Information Quality Symposium. “The conference was a rich collection of voices and perspectives, and reminded me that the chief data officer function—while still evolving—is here to stay.

Peter Hirst, senior associate dean for executive education at MIT Sloan Executive Education, speaks with Arianne Cohen of Bloomberg about the lessons he’s learned from managing a hybrid team of staff members who worked both remotely and in the office. Hirst advises supervisors to manage by “defining outcomes—coaching people, giving them tools and resources, and really trusting people to get their work done.”

In an Op-Ed for the Los Angeles Times, Prof. Sinan Aral writes about the need for a coordinated response to the pandemic across state lines. “When a state reopens while its peer state remains closed, travel spikes from the closed state into the open state,” notes Aral. “Only when both states adopt similar shelter-in-place policies does travel between the states diminish.”

A study by MIT researchers encourages neighboring states to more closely coordinate business reopening plans during the Covid-19 pandemic, reports James Hohmann for The Washington Post. The researchers “used data from mobile phones, social media and the census to conclude that residents are worse off when reopening is not coordinated among states and regions.”

The Economist spotlights a recent essay by Prof. David Autor and Elisabeth Reynolds, executive director of the MIT Task Force on the Work of the Future, about the impact of the coronavirus pandemic on the state of work. “If remote working proves a lasting shift, then the café staff, taxi drivers and cleaners who depend on their custom could find themselves out of work,” writes The Economist.

Bhaskar Pant, executive director of MIT Professional Education, writes for The European Business Review about how cultural differences are influencing the varying responses to the Covid-19 pandemic. “In an increasingly globalized business world, effectiveness in communication and action requires a solid foundation in cultural awareness and cultural competence,” writes Pant.

MIT researchers have found that the Paycheck Protection Program helped protect around 2.3 million jobs, reports Jonnelle Marte for Reuters. “The researchers compared hiring trends at companies that were eligible for the program to those that were too large to qualify,” writes Marte. “They found that hiring at eligible companies rose after the launch of PPP when compared to companies that did not qualify.”

Bloomberg reporter Maeve Sheehey writes that a new study co-authored by MIT researchers finds that the Paycheck Protection Program helped to boost employment by 2% to 4.5%. “The research suggests that providing money directly to companies helped curb job losses during the pandemic,” writes Sheehey.

A study co-authored by MIT researchers finds that the Paycheck Protection Program saved between 1.5 and 3.5 million jobs, reports David Leonhardt for The New York Times. “The study adds to the mounting evidence about one kind of economic stimulus that seems to have worked especially well during the pandemic: direct subsidies to businesses, to keep people employed.”

Fast Company reporter Kristin Toussaint writes about a new study by Prof. David Autor that finds middle class jobs for non-college grads are disappearing, particularly for Black and Latino workers. Autor suggest that higher minimum wages “are surprisingly effective at improving the incomes of workers in low wage jobs,” adding that “they don’t seem to have noticeable adverse effects on employment.”

Prof. David Autor has found opportunities for minority workers in cities have receded, particularly those without college degrees, reports Jonnelle Marte for Reuters. “As the middle hollowed out, (minority workers) were more exposed to middle-skilled work, and net of that, they were also over-represented at the low end and under-represented at the high end,” says Autor.