Business and management

MIT was named the top university in the world for the sixth consecutive year in the QS World University Rankings, reports Kyle Scott Clauss for Boston Magazine. 

Writing for The Wall Street Journal about businesses investing in green power, Brian Baskin highlights how MIT joined forces with two Boston-based organizations to buy power from a solar farm in North Carolina. “We saw it as an opportunity where we could set an example,” says Joe Higgins, MIT's director of infrastructure business operations. 

The Sloan School of Management was honored in the Financial Times’ annual executive education rankings. Laurent Ortmans and Patricia Nilsson note that nearly half of the participants in Sloan’s executive education program “had an MBA, double the average for all ranked schools. Nearly two-thirds of students worked at partner level or higher compared with an average of 36 per cent.”

In an article for The Boston Globe’s 2017 “Game Changers” section - which highlights ideas, inventions, people and places making waves in Boston - Robert Weisman spotlights The Engine. “We hope to create world-changing companies that will grow in the Boston region,” explains Katie Rae, The Engine’s President and CEO.

Prof. Stuart Madnick writes for Forbes about the security threat posed by connecting household items to the internet. Madnick notes that it is, “great that computer-enabled internet-connect devices now bring wonderful new capabilities and conveniences. But there is also a need to take a broad view of the impact on our nation’s critical infrastructure.”

A study by Prof. Tanveet Suri shows that a mobile-money service called M-Pesa had a long-term impact on poverty in Kenya, writes Tina Rosenberg for The New York Times. The researchers found that M-Pesa “helped women graduate from subsistence agriculture to small business, perhaps because having an M-Pesa account gives a woman her own money…and a greater sense of agency.”

Prof. John Hauser writes for CBS News about his research examining how companies can rebuild customer trust. “It’s critical to actually prove, again and again, that a company and its products can indeed be trusted – and customers must be provided with tangible, observable proof that a company has changed its ways and the quality of its products.”

Senior Lecturer Neal Hartman writes for The Huffington Post about how companies are increasingly using intensive team-building exercises in an effort to improve morale and build teamwork. Hartman notes that when “considering hosting team-building exercises, companies have to determine just what they want to accomplish.”

A study co-authored by Visiting Assistant Prof. Maria Loumioti finds that male bonding between loan officers and customers often leads to poor loan outcomes, reports Suzanne Woolley for Bloomberg. This feeling of common identity creates a sense of trust simply because “you identify yourself through this bond,” says Loumioti.  

Research associate Matthias Winkenbach speaks with Wall Street Journal reporter Sara Castellanos about how augmented reality could transform how companies manage supply chains. Castellanos explains that Winkenbach “envisions a future where supply chain managers wearing augmented or virtual reality headsets could make quicker decisions, save money and maximize their productivity.”

A report released by MIT startup Cambridge Mobile Telematics (CMT) shows that one in four drivers were using a smartphone just before an accident occurred, reports The Boston Globe’s Matt Rocheleau. Prof. Samuel Madden, founder and chief scientist at CMT, explains that the study shows “people are using their phones a lot, and that’s playing a role in the accidents.” 

Reporting for the PBS NewsHour, Nsikan Akpan highlights a new study co-authored by MIT researchers that examines how many NIH grants lead to new patents and medications. Prof. Pierre Azoulay explains that the study, “provides evidence that the research done in the public sector is useful — it’s relevant for the research done by private-sector firms.”

Newsweek reporter Jessica Wapner writes about a new study by MIT researchers that provides evidence that NIH funding contributes to a large number of patents in the field of biomedicine. The findings indicate that NIH-funded research “is not being done in an ivory tower,” explains Prof. Pierre Azoulay. “Companies use it as input in their own discovery efforts.”   

A study co-written by Prof. Daron Acemoglu examines the impact of autonomous robots on local labor markets, writes Gillian White for The Atlantic. “While the findings might seem grim for workers, the authors note that just because an industry can automate doesn’t mean that it will,” concludes White.

Nature reporter Elie Dolgin writes about Prof. Pierre Azoulay’s new research that shows NIH funding has a significant impact on innovation in the field of biomedicine. Azoulay explains that from an economic standpoint the U.S. is “under-investing overall” in biomedical research.