Dean’s Fireside Chat featuring Marcus Wilson, MBA ’04
Dean’s Fireside Chat featuring Marcus Wilson, MBA ’04.
Dean’s Fireside Chat featuring Marcus Wilson, MBA ’04.
Closing Conversation with Boston Globe Media CEO Linda Henry, SM ’05.
Meritocracy has become an increasingly popular term. But MIT Sloan Professor Emilio J. Castilla explains in The European Business Review that saying an organization is meritocratic can increase bias.
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Principal research scientist Keri Pearlson and co-author wrote: "A stewardship mindset is critical for boards who want to reduce cybersecurity risk, increase resilience, and set a realistic foundation for achievable and sustainable growth."
Auto trading (or algorithmic trading) has become so successful that it now accounts for a significant portion of trading in financial markets. As professor Andrew W. Lo explains, "Trading algorithms exploit opportunities that even the most experienced human traders cannot detect in time." However, while auto-trading offers unparalleled execution speed, it also requires constant vigilance.
There is solid ground to support the thesis that scarcity, like crises, leads to great innovations. "A crisis provides a sudden and real sense of urgency. This urgency causes organizations to abandon other priorities and focus on a single challenge," said professor Fiona Murray and senior lecturer Elsbeth Johnson in the article "What a Crisis Teaches Us About Innovation."
Research scientist Neil Thompson says that a key question is not just whether AI algorithms can exhibit original ideas, but how generally this may apply to scientific research and innovation. "If these capabilities can be used to tackle bigger, less tightly-scoped problems, it has the potential to accelerate innovation — and thus prosperity."
"Let's be honest, announcements are always at the high end. I don't think the actual effect is as big as the headline. But the sign is positive," said professor Simon Johnson. Johnson previously suggested CEOs get on Trump's good side by announcing development deals in swing states, even if those promises later turn out to be "vaporware."
Professor Eric von Hippel said: "Every field we look at in terms of the basic innovations, about half were done by users. And it's fantastic. Companies very seldom mention the user-developed roots of their innovations. In all our studies, what we find is that the producers lag the users."