Posted by MIT Sloan Executive Education - 3 days ago
What does the sports revolution mean for businesses in other industries? Everything. "Championship organizations" are using analytics to inform and shape their overall strategy, make wise investments in technology, and more. Learn more about the upcoming Sports Analytics Conference as well as how analytics can help your organization get more wins in 2018.
Posted by MIT Sloan Executive Education - 23 days ago
In recognition of his “distinguished contributions to improving decision-making in complex systems—including corporate strategy and operations, energy policy, public health, environmental sustainability, and climate change"—MIT Sloan Professor John Sterman was elected as a 2017 Fellow of the American Association for the Advancement of Science (AAAS). Fellows are elected by their peers for their contributions to science and technology, scientific leadership, and extraordinary achievements across disciplines.
Posted by MIT Sloan Executive Education - 2 months and 6 days ago
We are excited to announce that four members of the MIT Sloan community were honored last week at the biennial Thinkers50 awards in London: Douglas Ready, Hal Gregersen, Erik Brynjolfsson, and Andrew McAfee.
The Thinkers50 was launched in 2001 as the first-ever global ranking of management thinkers. Its goal is to identify and share the best management thinking in the world, and it has been described by the Financial Times as the "Oscars of management thinking."
Posted by MIT Sloan Executive Education - 5 months and 28 days ago
The latest fashion trends can be found in couture magazines and the runway at Bryant Park, but did you know that you can also spot the latest innovations in fashion here at MIT?
In fact, MIT has a long history at the intersection of high fashion, high tech, and innovation—from our pioneering efforts in textile programing, adaptive clothing for people with disabilities, wearable computing, new biologic fabric that literally breathes, and the many successful ventures spun out of our Martin Trust Center for Entrepreneurship.
A surge of startups
For years, fashion-minded MIT students and alumni have been creating companies targeting niche consumer styles and voids in the retail industry. These companies include everything from traditional ventures in textiles and garments to tools that enhance the online shopping experience to completely reinventing the stiletto.
Ministry of Supply, co-founded by a group of MIT Sloan students and an MIT engineering alumnus, uses thermal analysis, robotic engineering, and advanced materials to design better-fitting men’s business attire. The company has developed a rapidly growing science-based clothing line and the industry’s first 3-D robotic knitting machine.
AHAlife is a curated online marketplace of thousands of luxury fashion items and other high-end products. AHAlife re-creates the in-store experience of discovery while shopping online by featuring quality, well-crafted products with a story.
Sundar, a global mobile search engine startup for sourcing materials and suppliers, was incubated at MIT and founded by MIT Sloan alumnus Jag Gill. “Our mission is to streamline the discovery and sourcing process by providing sophisticated search, curation, and data-driven insights on what to purchase, produce, and stock to buyers and sellers 24/7,” said Gill in this Forbes feature.
A minisurge of MIT start-ups like these in recent years is driven by a budding category of fashion industry entrepreneurs. “About two years ago, we thought these companies were outliers,” said Bill Aulet, Managing Director of the Martin Trust Center for MIT Entrepreneurship, in this Boston Globe article. “Now the pace has definitely picked up.”
Posted by MIT Sloan Executive Education - 1 year and 3 months and 11 days ago
Bengt Holmström, an influential MIT economist and long-time MIT faculty member, was this week awarded the 2016 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel. He shares this honor with Oliver Hart of Harvard for their deeply influential work on contract theory, including the optimal design of contracts between employers and employees.
Holmström holds a joint appointment between the Department of Economics and the MIT Sloan School of Management.
"MIT's latest Nobel laureate is not only an extraordinary economic thinker," said MIT President L. Rafael Reif while introducing Holmström at an on-campus press conference on Monday morning. "Bengt Holmström is also an outstanding citizen of MIT and a delightful human being."
Oliver Hart and Professor Holmström have devoted their lives' work to what's called contract theory—how and why contracts work and how they can be made better. This niche has just begun to gain the same cachet in academic circles as game theory and the study of stock market fluctuations.
Their work has touched on everything from executive pay to health insurance deductibles to the use of tax shelters and how to divide up control of a firm when it's not explicitly written into an agreement. Holmström's economic models, for example, can help companies develop the right incentives to optimize employees' performance.
"This theory has really been incredibly important, not just for economics, but also for other social sciences," said Per Stromberg, a member of the prize committee and professor at the Stockholm School of Economics.
Posted by MIT Sloan Executive Education - 1 year and 3 months and 28 days ago
With its reputation as an entrepreneurial hotbed, it’s no surprise that MIT has recently invested approximately $10 million to expand and renovate the 26-year-old Martin Trust Center for MIT Entrepreneurship, located at One Amherst St. in Cambridge, Massachusetts. The center is responsible for entrepreneurship across all five schools at MIT starting with education but also extending well outside the class room with student clubs, conferences, competitions, networking events, awards, hackathons, student trips, and most recently accelerators. Last year, students who work at the center started more than 50 new companies.
An additional 2,700 square feet were added for a total of 7,200 square feet of space dedicated to all things entrepreneurial in the heart of Kendall Square. The redesigned center now features an expanded maker-space workshop (ProtoWorks), event space, nine conference rooms equipped with wireless presentation systems, a café, and phone booths that provide free international calling. The Center is equipped with room scheduling software created at the nearby Cambridge Innovation Center.
"The thoughtfully-designed space will enable new and expanded collaboration across campus, with students from all parts of the Institute exploring entrepreneurial interests in a dynamic environment," said MIT Sloan School of Management Dean David Schmittlein, who added that the space was designed to accommodate the need for creativity and collaboration.
Posted by MIT Sloan Executive Education - 1 year and 6 months and 10 days ago
With business units as diverse as 20th Century Fox, The Times, MyNetworkTV, National Geographic Channel, and Fox Interactive Media, News Corporation touches 70% of the world's population every day. While its vast reach and numerous holdings are a plus in terms of a successful business model, these elements make for a complex organization, along with challenging leadership responsibilities.
Benson's ultimate goal was to enhance the company executives' skill set so that they could manage their IT operations like businesses and better align the IT activities with the company's diverse business units. Weill suggested a custom program because of MIT Sloan's research and expertise in finance, marketing, leadership development, and generating business value from IT—as well as the program's tailored curriculum and one-on-one coaching aspects. "The key to the success of this program was the combination of MIT Sloan’s reputation, a strong customized curriculum, outstanding faculty, and the ability to deliver it all without relieving people of their day jobs," says Benson.
Posted by MIT Sloan Executive Education - 1 year and 7 months and 28 days ago
Today MIT is synonymous with innovation and Cambridge. But it was only 100 years ago that MIT firmly planted itself in Cambridge. For its first 55 years, MIT was based in Boston; the school moved to Cambridge in 1916. So last week, as part of a series of "MIT 2016" celebrations, the school held commemorative Moving Day events to mark the occasion.
Back in 1916, MIT conducted a ceremonial crossing of the river, which included bringing the school's charter across the Charles River on a barge, the Bucentaur. This year's crossing of the river included a parade and competition with 26 entries on the water and 28 groups crossing the Massachusetts Avenue bridge. If you happened upon the event, you’d have witnessed many vessels crossing the Charles, including an electric hydrofoil craft, a motorized swarm of kayaks, a bamboo raft, and a pedal-powered floating platform in the shape of the dome from MIT's main building. Additional participants in the water crossing included the MIT varsity sailing team and rower Veronica Toro, who is hoping to row in the 2016 Olympics in Rio.
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