Inquiry and Discovery

The MIT Sloan School of Management faculty is driven by discovery, by the pursuit of ideas that address the world’s toughest challenges, and by a passion for problem solving. As they invent the next generation of organizations and devise solutions to ensure that the work of the world creates a better future for us all, they approach their work with an exceptional level of rigor and with a focus on relevance. This is work is not destined to remain between the covers of books. This is work that is applied–practically and with an emphasis on tangible impact–both in the classroom and in organizations around the world.

Drawing on our history of groundbreaking research, MIT and MIT Sloan will continue to champion the importance of such study to society. We invest in our faculty and their work because that work—in sustainability, the digital economy, healthcare, finance, and other fields—is shifting how all of us approach the world.

Inquiry and discovery are at the heart of MIT Sloan. These continuing pursuits define us and, in this rapidly changing world, will define the future.

Bennett W. Golub Center for Finance and Policy

While there has been a profound expansion and increase in complexity in the financial markets, the public sector has not consistently kept pace in its understanding or practice. Through the Golub Center for Finance & Policy (GCFP), MIT Sloan faculty members are conducting innovative, cross-disciplinary, nonpartisan research and leading educational initiatives that address the unique challenges facing governments in their roles as financial institutions and regulators of the financial system.

Led by Deborah Lucas, Andrew W. Lo, Robert Merton, Jonathan Parker, and Doug Criscitello, the GCFP is filling a knowledge gap between industry and regulators, bringing research and education to policymakers who regulate our nation’s complex financial systems and who allocate hundreds of billions of dollars of capital each year. The Golub Center’s three main research areas—Evaluation and Management of Government Financial Institutions; Regulation of Financial Markets and Institutions; and Measurement and Management of Risk—will provide policymakers with new approaches to their work, help governments manage risk, and promote financial stability in the United States and abroad.

The GCFP faculty is focused on real-world application. A primary goal of the GCFP is to provide greater access to the tools of modern financial analysis to current and future regulators, policymakers, and other public-sector stakeholders. To fulfill this mission, they create customized curricular materials, free online courseware, and executive education programs. The Golub Center is also helping to educate the next generation of sophisticated finance leaders, with action learning opportunities and courses for MIT Sloan students. Prepared with both the research and educational tools, the GCFP will help ensure stability through improved financial policy and practice for years to come.

 

Initiative on the Digital Economy

How will self-driving cars and other forms of artificial intelligence transform the way we live and work? How do new technologies and social media impact productivity, consumer demand, political mobilization, and public health? How can we re-skill people to make sure rapid digital transformation leaves no one behind? Digital technologies advance quickly, yet organizations and skills tend to move at a slower pace. In the coming decades, the divide between rapidly evolving technology and the slower pace of human development will grow wider as exponential improvements in artificial intelligence, robotics, networks, analytics, and digitization affect more and more of the economy and society.  Led by MIT Sloan’s Erik Brynjolfsson and Andrew McAfee, the IDE’s team of visionary, internationally recognized researchers explores how people and businesses will work, interact, and prosper in an era of profound digital transformation.

The IDE conducts groundbreaking research–often in partnership with business, government, and other organizations–in four areas—productivity, employment, and inequality; new digital business models; big data and human AI; and social analytics and digital experimentation. No other initiative in the world is exploring the trends and impact of the digital economy with the same determination, depth, focus, and perspective as the IDE. Its charter is to understand, inform, and pragmatically solve real-world challenges based on facts and causality derived from rigorous academic research. This charter aims to enable corporations, governments, and policymakers to rely on the IDE for insights, best practices, and solutions.

Building on this research, the IDE convenes academic and industry-specific activities and events to bring thought leaders together to exchange ideas, learn, and create solutions with a direct impact on business and expose our students to multiple approaches to both the challenges and the opportunities presented by the digital economy. Committed to action, the IDE launched the Inclusive Innovation Challenge (IIC) to award entrepreneurial organizations around the world that are using technology to reinvent the future of work to create shared prosperity in the digital age.

The digital economy poses tremendous challenges and opportunities that will impact us all. With a focus on real-world, real-time solutions and the foundational belief that technological transformation is creating new opportunities for people and businesses to thrive, The IDE represents MIT at its best, applying its research and insights to chart a course for a thriving society that is focused on economic inclusion.

 

Initiative for Health Systems Innovation

The MIT Sloan’s faculty are working to provide better access and lower cost solutions to managing global health through the MIT Sloan Initiative for Health Systems Innovation (HSI). HSI seeks to accelerate the creation of high-quality and cost-effective health systems through industry-based research and education. In order to achieve this mission, the group leverages existing faculty research and also launches new efforts through expanded partnerships with health industry leaders throughout New England and beyond.

Healthcare in the United States is facing significant systemic issues as costs increase, the population ages, and chronic illness rates grow. Seizing an opportunity to make the healthcare system more efficient, patient-oriented, and cost-effective—and aiming to fundamentally make people healthier—a group of MIT Sloan faculty members led by Joseph Doyle, Retsef Levi, and Anne Quaadgras have launched the Initiative for Health Systems Innovation (HSI).

The Initiative is a center of intellectual leadership and innovation that provides bridges to and from the health industry, and enables collaborative work between industry stakeholders and academics. HSI educates students and industry leaders through degree programs like the Healthcare Certificate, which offers a hands-on curriculum to all students at MIT, custom Executive Education programs that are structured around close partnerships with industry, and regular seminars and conferences. With new models, management practices, data analysis, and technologies to improve complex health systems, HSI and its affiliated faculty and students are working to transform health management, clinical practices, and systems design around the world.

Sustainability Initiative

Imagine a world where farms and factories are run with zero waste – no waste in energy, no waste in material, no waste in human vitality. A world where our purchases and policies reward those type of businesses that create a better world. A world where the measure of good businesses is the number of good jobs they create and the lasting impact on the environment and communities. A world where the technologies and business models that create a better world get the capital they need to test, deploy, and scale. This is the vision of the future of the Sustainability Initiative. Led by Executive Director Jason Jay and Co-Directors John Sterman and Roberto Rigobon, the Initiative’s ultimate mission is to deliver the best education, apply academic rigor to real-world problems, and empower leaders everywhere to take action, professionally and personally, so that humans and nature can thrive for generations to come.

For decades, MIT and MIT Sloan have been leading the way in the field of sustainability, fostering productive debate and disruptive innovation through systems mod