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March 8, 2016 | Arun Sundararajan (New York University Stern School of Business), interviewed by Gerald C. Kane
NYU Stern School of Business professor Arun Sundararajan is excited about the sharing economy. Although the sharing economy presents challenges for both corporations and start-up peer-to-peer marketplaces, Sundararajan sees a host of benefits for what he calls “micro entrepreneurs.” In an interview with MIT Sloan Management Review, Sundararajan discusses the challenges of ensuring success with this alternative business model — and steps companies can take to make sure they’re not left out.
What’s happening this week at the intersection of management and technology: Making virtual reality a reality at work; chatbots aren’t just for Facebook; designing an enterprise app that employees will actually use.
Working With Outside Innovators
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Savvy executives know that they need to look for innovative ideas outside of their organizations as well as within it. Open access to these three MIT Sloan Management Review articles about working with outside innovation is provided courtesy of PwC.
Chad Syverson, (University of Chicago’s Booth School of Business) interviewed by Frieda Klotz
It has become a truism that the pace of work is faster than ever, as digital technologies speed up communication and operational processes in a story of unending progress. But increased speed has not translated into increased rates of productivity growth. Since 2004, growth rates have slowed not just in the US but across the world. Chad Syverson, J. Baum Harris Professor of Economics at the University of Chicago’s Booth School of Business, explains what the implications are, and why the benefits of new technologies are not straightforward.
Accepting five inconvenient truths about project status reporting can greatly reduce the chance of being blindsided by unpleasant surprises. For instance, many employees tend to put a positive spin on anything they report to senior management. And when employees do report bad news, senior executives often ignore it. Overconfidence is an occupational hazard in the executive suite, and executives need to examine their own assumptions and beliefs about project status reporting.
There are many reasons to believe we are on the crest of substantial progress with even the most challenging of last mile deliveries. Innovative models such as smart locker systems, the use of electric vehicles, and on-demand fleet services such as UberRUSH are being explored. The MIT Megacity Lab is helping identify customer-specific insights about how supply chains deliver products to urban customers and finds that autonomous delivery vehicles, while still years from wide-scale implementation, hold game-changing promise.