22 quotes for business and management from 2022
From crypto regulation to AI domination to employee empowerment, here are insights that capture all that changed in business and management this year.
Faculty
John D. Sterman is the Jay W. Forrester Professor of Management at the MIT Sloan School of Management and a Professor in the MIT Institute for Data, Systems, and Society. He is also the Director of the MIT System Dynamics Group and the MIT Sloan Sustainability Initiative.
Sterman’s research centers on improving decision-making in complex systems, including corporate strategy and operations, energy policy, public health, environmental sustainability, and climate change. His work ranges from the dynamics of organizational change and the implementation of sustainable improvement programs to climate change and the implementation of policies to promote a sustainable world. Sterman pioneered the development of “management flight simulators” of corporate and economic systems which are now used by corporations, universities, and governments around the world.
He is the author of many scholarly and popular articles on the challenges and opportunities facing organizations today, including the book, Modeling for Organizational Learning, and the award-winning textbook, Business Dynamics.
Sterman is a Fellow of the American Association for the Advancement of Science and received an honorary doctorate from the Università della Svizzera italiana, Switzerland. He has twice been awarded the Jay W. Forrester Prize for the best published work in system dynamics; has won an IBM Faculty Award as well as the Accenture Award for the best paper of the year published in the California Management Review. He received the Best Application Award from the System Dynamics Society for his work on climate change policy. At MIT, he has been recognized with the Samuel E. Seegal Faculty Prize, given to a professor who “inspires students in pursuing and achieving excellence,” the Jamieson Award for Excellence in Teaching, numerous other awards for teaching excellence; and was named one of MIT Sloan’s “Outstanding Faculty” by the BusinessWeek Guide to the Best Business Schools. His research has been featured in media around the world including the New York Times, Washington Post, Boston Globe ,Public Television’sNews Hour, National Public Radio’s Marketplace, WGBH, and other media for his innovative use of interactive simulations in management education and policymaking, particularly in climate change and energy policy.
Sterman holds an AB in engineering and environmental systems from Dartmouth College and a PhD in system dynamics from MIT.
Naumov, Sergey, David R. Keith, and John D. Sterman. Journal of Operations Management Vol. 69, No. 1 (2023): 36-66. Download Paper.
Gozluklu, Burak, and John D. Sterman. Research Handbook on Complex Project Organizing (2023): 375-382.
Sterman, John D., and J. Quinn, MIT Sloan Working Paper 6834-23. Cambridge, MA: MIT Sloan School of Management, January 2023.
Gozluklu, Burak, and John D. Sterman. Research Handbook on Complex Project Organizing (2023): 70-77. Download Paper.
Sterman, John D. The Tech, November 20, 2022.
Li, Tianyi, Hazir Rahmandad, and John D. Sterman, Working Paper. August 2022.
From crypto regulation to AI domination to employee empowerment, here are insights that capture all that changed in business and management this year.
Most corporate net zero pledges depend on carbon offsets, but many offsets don’t reduce emissions. Use this framework to identify which offsets are effective.
"For years we've known that the pledges and promises under the UN framework convention process, the Paris process, are insufficient."
Though emissions continue to grow at worrisome levels, a reversal … remains possible.
"It would take about 20 years before we got to 90 percent electric. That's just too long to meet our climate goals."
"Building this immense LNG infrastructure will lock the world into continued reliance on fossil fuels and continued climate damage for decades."
For many companies, the topic of sustainability is at the forefront of business agendas. Consumers and stakeholders are demanding greater accountability from organizations, and the regulatory environment is becoming increasingly stringent. However, pursuing the environmental, social, and governance impacts of business is often met with tension. Leaders now need to manage the misconception within business that meeting sustainability goals means compromising profits.
This systems thinking course provides an intensive, hands-on introduction to system dynamics, a unique framework for understanding and managing complex businesses and organizations. Participants are introduced to a variety of problem solving tools, including mapping techniques, simulation models, and MIT’s “management flight simulators” to help them understand the sources of persistent problems and how business decisions may result in complicated cause-and-effect loops.