News

U.S. Trade Deficit Last Year Was Widest Since 2012

Quotes Dean Matthew Slaughter about how there is “tension” between President Trump’s goals on fiscal policy and trade. “The desire for fiscal expansion…will tend to increase the trade deficit’s overall size, not reduce it,” says Slaughter.

Feb 07, 2017

In the Tax Reform Debate, Congress Must Consider Affordable Housing

An opinion piece written by John Vogel discusses the benefits and efficiency of the Low Income Housing Tax Credit for families, the government, and private sector investors. “It is not perfect, but until a replacement has been presented, debated and tested, the Low Income Housing Tax Credit is the best funding mechanism we have,” writes Vogel. “Maybe we can make it even better.”

Feb 06, 2017

Gap Pushes New Campaign with Children of Its ‘90s Spokespeople (and Naomi Campbell)

Quotes Kevin Lane Keller about Gap’s new campaign being used to promote the reissue of ‘90s apparel. Keller noted that integrating the new advertisement will require on-trend merchandise and a cohesive store experience. "Gap has had some great advertising campaigns in the past, so the idea of doing something that reflects their heritage, but done so in a modern way…that part I'm okay with," says Keller. "But it's all going to come down to what's in the stores and everything else."

Feb 02, 2017

‘Deeply Concerned’: Corporate America Responds to Trump’s Travel Ban

Quotes Sydney Finkelstein about the growing number of companies objecting to President Trump's immigration order and consequently speaking out. "Every single CEO of any company of magnitude is thinking and feeling pressure and trying to decide what to do," says Finkelstein. "Some are speaking out naturally. Others are being more deliberate and strategic and recognize there could be a downside."

Jan 30, 2017

Vogel: South Korean Comparison

In his latest VPR interview, John Vogel compares South Korea’s loss of manufacturing jobs and housing system to the United States. Vogel notes that while it’s unlikely that South Korea’s housing system would work in the U.S., examining their tax code is a good reminder of the unpredictable outcomes of tax reform.

Jan 24, 2017

Six Thought-Provoking Books for Business Education Students

Lists Three Box Solution: A Strategy for Leading Innovation by Vijay Govindarajan, as one of the top thought-provoking books for business education students.

Jan 24, 2017

Trump’s Inaugural Address Suggests Break with Foreign Policy Tradition

As a guest on "All Things Considered," Dean Matthew Slaughter discusses President Trump’s inaugural address. Trump’s remarks suggest he’ll break from the tradition of taking a broad view of U.S. national interests. "There was clearly enlightened self-interest. It was to help make our country more secure, and it was to help grow good jobs at good wages," says Slaughter.

Jan 23, 2017

Want to Change the World? Don’t Look to Davos.

In his latest piece for "Syd Weighs In," Sydney Finkelstein discusses how the World Economic Forum has little to do with resolving the world’s problems or progress—it’s the ordinary, everyday people who make the difference. “So forgive me for not being impressed with the people at Davos,” writes Finkelstein. “They are acting in a complex play, being seen in the practice of helping the world be a better place. But the people I encounter every day, they aren’t acting. They’re doing. And I’ll take doing over acting every day of the week.”

Jan 18, 2017

Robots Will Take Jobs, but Not as Fast as Some Fear, New Report Says

Quotes Dean Matthew Slaughter in an article about how robots are coming, but the implementation of automation in the workplace will displace jobs more gradually than forecasts suggest. "We have more time than we think to adjust to the world that technology makes possible," says Slaughter.

Jan 12, 2017

For New Hires at Alibaba, a Crash Course in Chinese Business

Quotes Matthew Shofnos T’16 about Alibaba’s new, yearlong immersion program in Chinese business, language and the company’s culture. The program aims to produce China-trained, globally minded leaders able to make and manage partnerships with Western retailers. “Earlier in his career, he realized that being ‘an American company’s China guy’ wasn’t going to happen, thanks to lackluster Mandarin skills,” writes The Wall Street Journal. “With Alibaba, he said, ‘I can absolutely be a Chinese company’s American guy.’”

Jan 10, 2017

Donald Trump’s Power to Move Markets

As a guest on "Here and Now," Dean Matthew Slaughter discusses the power the president has to move markets. “The power is substantial. The president is the commander in chief, and is, in some broad sense, the chief economic policy leader of the United States. When he or she speaks, if it's relevant to a particular company or a particular industry, markets, historically, can move and have moved quite a bit," says Slaughter.

Jan 02, 2017

How to Rebalance Your Mutual Fund Portfolio

Quotes Kenneth French on why individuals looking to balance their mutual fund portfolios should choose index funds over active ones. “You should expect to lose. It’s really hard to identify the great managers,” argues French about selecting active funds. “You are wasting your time and money trying to beat the market.”

Dec 27, 2016

Doing Business in India Requires a Mobile-First Strategy

An opinion piece co-authored by Vijay Govindarajan explains why launching new business opportunities in key Indian industries will require companies to have a mobile-first strategy and implement 4G technology.

Dec 23, 2016

We’re Totally Misunderstanding the Difference between Mexico and China

References an economic model by Emily Blanchard and co-authors Robert C. Johnson of Dartmouth's economics department and Chad Bown, senior fellow at the Peterson Institute for International Economics, in an article about the economic relationships the U.S. has with China and Mexico. Blanchard and her co-authors “estimate that about 11 percent of the value of goods manufactured in Mexico come from American-made inputs. With automobiles, the figure is 14 percent. With electrical equipment, it rises to 19 percent. For China, the numbers are a lot lower — about 2 percent on average,” writes The Washington Post.

Dec 19, 2016

Immigrants Innovate

An opinion piece by Dean Matthew Slaughter about how President-elect Donald Trump's assumption that immigrants damage, rather than enhance, the prospects for U.S. workers couldn't be further from the truth. "Skilled immigrants tend to complement, not substitute for, native-born workers in U.S. companies," says Slaughter. "A recent ambitious study of hundreds of America's most innovative companies found that when these U.S. companies hire more skilled immigrants, their employment of native-born skilled workers rises as well."

Dec 19, 2016

When to Send an Investing Model into Retirement

Highlights the three-factor model of investment returns that was introduced by Kenneth French, the Roth Family Distinguished Professor of Finance, and his colleague Eugene Fama, Nobel Prize–winning University of Chicago economist, in an article that discusses when it’s time to retire a theory.

Dec 14, 2016

Algorithms Are Making Us Small-Minded

In his latest piece for "Syd Weighs In," Sydney Finkelstein examines the consequences of living in a world that is curated by the use of algorithms. "As the new year approaches, think of it this way: As algorithms and artificial intelligence become better at predicting our needs and narrowing our focus, our ability to adapt and keep learning new things may become crucial to our value as people—in business and in life," writes Finkelstein.

Dec 13, 2016

Fed Watch: What’s Ahead for Rates in 2017?

As a guest on Bloomberg’s “What’d You Miss?,” Peter Fisher, senior lecturer and senior fellow at the Center for Business, Government & Society, discusses the outlook for the Fed and the timing of the Fed rate hikes in 2017, the importance of monetary policy to investors, the impact of political risk on the markets, and the outlook for Japan's economy. "The fed is going to have to reflect that the economy is a littler firmer than it was in September, the labor market is a little tighter, and the inflation measures have moved a little further,” says Fisher.

Dec 12, 2016

Bending the Arc of History

Matthew Rees, senior fellow at the Center for Business, Government & Society, opines on the future of progress and innovation. Rees concludes that improving the state of human societies— such as a rise in well-being and living standards—isn’t easy to do. “It requires a mix of enlightened public policy and enterprising human capital, as well as social and political stability and an ability to adapt to new ideas,” writes Rees. “Throughout history, societies have struggled to get this recipe right, and even today all sorts of obstacles—from opioids to Aleppo—are potent reminders that progress is not preordained.”

Dec 12, 2016

Why Electric Cars Are Only as Clean as Their Power Supply

Cites the paper “Spatial and Temporal Heterogeneity of Marginal Emissions: Implications for Electric Cars and Other Electricity-Shifting Policies,” co-authored by Erin Mansur in an article about how electric car emission impact is highly dependent on how the electricity is sourced.

Dec 06, 2016

The Surprisingly Unequal Benefits of Electric Vehicles, Mapped

The Atlantic's "City Lab," cites the paper “Distributional Effects of Air Pollution from Electric Vehicle Adoption,” co-authored by Erin Mansur, the Revers Professor of Business Administration, in an article about whether electric-vehicles (EV) are truly better for the environment. “The co-authors mapped out the costs and benefits of EV adoption in terms of the emissions they put into the air—not only carbon dioxide, but also pollutants that affect local air quality, such as sulfur dioxide, nitrogen, particulate matter, and volatile organic compounds,” writes City Lab. “Unsurprisingly, the places with the greatest EV adoption rates got cleaner air as a result.”

Dec 05, 2016

Not All Immigrant Labor Is Cheap Labor

Cites the paper, “High-Skilled Immigration and the Rise of STEM Occupations in U.S. Employment,” co-authored by Dean Matthew Slaughter in an article challenging the narrative that visas let foreigners take Americans’ jobs at lower wages. “The study shows that the average foreign worker in science and technology jobs starts out making only slightly less than American-born workers—about 94 cents on the dollar,” writes The Atlantic. “But after working in the United States for five years, the average foreign STEM worker earns $1.04 for every dollar their American colleagues make.”

Nov 30, 2016

P Namperumalsamy: The Visionary Who Steers Aravind Eye Care

Quotes Vijay Govindarajan in a feature article about Aravind Eye Care’s assembly-line approach to surgery. “Aravind Eye Care operates with a social heart and a business brain,” says Govindarajan. “They have the heart of a non-profit and the brain of a for-profit, apply modern management methods to dramatically lower costs while delivering world-class healthcare.”

Nov 21, 2016

Here’s Why Military Veterans Are Flocking to Elite U.S. Business Schools

Quotes Punam Anand Keller about Tuck's Next Step: Transition to Business program, which is designed for veterans and elite athletes looking to make a move into the business world. “The goal is to help our participants focus strengths, translate experiences, and identify opportunities so they can land the excellent jobs they absolutely deserve,” says Keller.

Nov 21, 2016

Cyrus Mistry Fiasco: Acid Test for Brand Tata’s Business Basics

Quotes Vijay Govindarajan about the problems facing Tata Group after the controversial dismissal of Cyrus Mistry as chairman of Tata Sons Limited. "First, the Tata group is always known for management excellence despite being family-owned. That is why the current leadership crisis stands out as an anomaly," says Govindarajan. "Second, this incident raises fundamental issues of corporate governance that all Indian companies must address going forward. Third and perhaps the most important is the distraction this crisis is causing at a time when the Tata group has to contend with many challenges like Brexit or the most recent US elections that have cast globalization in a different light. The last thing they need is a crisis at the top."

Nov 18, 2016

Trump Allies Urge Fed to Cut Balance Sheet and Revive Credit

Quotes Peter Fisher about how the Fed should allow its balance sheet to shrink by not reinvesting the proceeds of debts it holds when they mature—encouraging banks to lend more. “He said outright asset sales by the Fed would not be a good idea now, given the steepening of the yield curve that has already taken place in the wake of Trump’s election victory,” writes Bloomberg.

Nov 15, 2016

The Scary Truth About Corporate Survival

Quotes Vijay Govindarajan about the working paper, “Strategy When Creative Destruction Accelerates,” co-authored with Anup Srivastava. Govindarajan and Srivastava show that organizations are failing faster than they used to as company assets shift from tangible to abstract. “Creative destruction has always been a force to be reckoned with, but in the physical world, the cycles were longer,” Govindarajan says. “In the technology-based sectors, the cycles have accelerated.”

Nov 15, 2016

An Uncertain Political Future for U.S. Trade Policy

As a guest on Marketplace, Dean Matthew Slaughter discusses how trade policies in America may shift amidst the outcome of the presidential election. “It’s been true for decades in America that whether we’ve had Republican or Democratic presidents and Congresses, there’s been a sufficient set of people in Washington that voice the argument for why trade—and globalization more broadly—do benefit America overall, on average,” explains Slaughter. “Those arguments still hold true in terms of the data, and yet for a set of reasons, the primary of which is so many people worrying about their jobs and their own personal income, for good reason, those arguments are not carrying the day.”

Nov 09, 2016

Doctor Strange Is Marvel’s Latest Box Office Hit

As a guest on Marketplace, Vijay Govindarajan comments on Disney’s acquisition of Marvel in light of the latest film, “Doctor Strange,” which dominated the weekend box office. “No, I was not familiar with Doctor Strange. This is the beauty of it,” said Govindarajan admiring a giant deal that proved many skeptics wrong. “When Disney acquired Marvel for four billion dollars people thought that was a bad move. People thought there’s nothing left in Marvel—there’s no juice in Marvel.”

Nov 07, 2016

International Trade Slows Despite Globalization Fears

As a guest on WNYC’s “The Takeaway,” Dean Matthew Slaughter discusses the topic of international trade and its effect on voters in the upcoming presidential election. “Voters care more about how they’re doing—how’s their job, how’s their pocketbook looking, and a sense of opportunity,” says Slaughter. “And I think the environment that we find ourselves in now is one where, both on the left and right in America and in a lot of other countries, people are very focused on the reality which is that greater trade and other forms of globalization don’t directly benefit every single worker, company and community. I think it’s those distributional challenges—especially in the United States—that are really coming to the fore.”

Nov 01, 2016

Ikea Strategy Ditches the Dream Home for the Daily Grind

Quotes Kevin Lane Keller about Ikea's new "We Help You Make It" advertising campaign and inclusive message, “No matter who you are, what you do, or how much you make, you can still make the dream yours.” Keller opines, “This is the reality. They're not trying to romanticize any of this stuff. They're sort of taking this more democratic view, this more down-to-earth view, talking about where people are."

Oct 30, 2016

Seventh Generation Says Corporate Buyout is a Chance to Take its Mission Global

As a guest on "VPR News," Paul Argenti comments about Unilever’s recent acquisition of the natural homecare company Seventh Generation. Argenti states that incorporating social and environmental goals into the company’s values is attractive to both customers and employees—especially millennials. “Your reputation is the most important asset that you have," says Argenti. "If you're avoiding getting into problems in the future by solving problems today, you're going to be a company that is stronger in the future."

Oct 26, 2016

Tata’s Shock Coup Follows Simmering Rift at India’s Biggest Firm

Quotes Vijay Govindarajan in an article about the controversial dismissal of Cyrus Mistry as chairman of Tata Sons Limited, the holding company of India’s largest conglomerate Tata Group. “The biggest challenge for an organization is planning for succession, especially following the tenure of a very successful CEO,” says Govindarajan. “The current leadership crisis is an unwanted distraction.”

Oct 26, 2016

Donald Trump’s Brand Takes a Hit From Sexual Assault Allegations and Lewd Video

Quotes Kevin Lane Keller about how the ugliest presidential race in modern history has tarnished the Trump name to such degree that it may jeopardize the future of his business enterprises. Keller says that some would-be customers may avoid patronizing Trump's business because of concerns about what other people may think. “All this negative press, the negative reactions from people, it’s got to hurt his brand,” says Keller. “They don’t want to have to apologize for staying at a Trump hotel or buying a Trump brand. And when you get into luxury, image matters a lot.”

Oct 22, 2016

Meet Dartmouth Tuck’s MBA Class of 2018

Quotes Patricia Harrison, senior associate director of admissions, in a feature article highlighting a dozen T’18 students. “While the students in Tuck’s class of 2018 are smart, accomplished and diverse, they’re so much more than what the stats reveal,” says Harrison. “In the short time that they’ve been on campus, we have noticed their humility and empathy in particular. They are open to ideas and experiences different than their own and seem acutely aware of how their actions impact others.” The article profiles the following students: Richard Asala, Michael Blanc, H. Holland Davis, Ramon Fuentebella, Jodine Gordon, Vedrana Greatorex, Daniel Marquez, Muyambi Muyambi, Rachel Phillips, Chethan Rao, Erica Toews, and Stephiney Xie.

Oct 21, 2016

Right Tech, Wrong Time

An opinion piece co-authored by Ron Adner examines the shifts in technology that disrupt businesses and industries and the importance of timing these transitions. “Few modern firms are untouched by the urgency of innovation,” says Adner. “But when it comes to strategizing for a revolution, the question of ‘whether’ often drowns out the question of ‘when.’”

Oct 20, 2016