Microsoft Flight Simulator City Update VIII: Las Vegas features one of the world’s most distinctive cities. Las Vegas (“the meadows” in Spanish) traces its name to a Mexican explorer who passed through the area in 1829 and found dense grasslands fed by freshwater springs. Founded on May 15, 1905, the city grew steadily in the following two decades. Its population boomed with Nevada’s 1931 legalization of casino gambling and the…
Tokenization, the process of creating a unique digital representation of an asset on a blockchain network, has reached a tipping point after many years of promise and experimentation. The benefits—including programmability, composability, and enhanced transparency—can empower financial institutions to capture operational efficiencies, increase liquidity, and create new revenue opportunities through innovative use cases. These benefits are being realized today, with the first at-scale applications transacting trillions of dollars of assets…
Seyfarth Synopsis: Are you ready for it? The record-smashing icon, Taylor Swift, may have taken her tour to Europe, but that doesn’t stop new laws from cropping up back home. The Los Angeles County Board of Supervisors passed the Fair Work Week Ordinance on April 9, 2024, which is set to go into effect on July 1, 2025, for retail employers located in the unincorporated areas of Los Angeles County.…
Cities like Cairo; Chongqing, China; Delhi; and Kinshasa, Congo are experiencing population explosions accompanied by unprecedented demand for homes, offices, factories, and infrastructure. In the United States, the Biden Administration’s policy-driven infrastructure boom is gaining steam in the world’s largest economy.These trends translate into ballooning global demand for steel, cement, and other raw materials used in all types of construction. This demand comes as pressure mounts for companies to reduce…
Sir Simon Baron-Cohen is a Professor in the Departments of Psychology and Psychiatry at the University of Cambridge and Fellow at Trinity College. He is Director of the Autism Research Centre, which he set up in 1997. He has published over 750 peer reviewed scientific articles and has made contributions to many aspects of autism research. In 2021, he received a knighthood in the New Year’s Honours list for his…
As global organizations chart a path to net zero, many are looking to the next frontier of emissions reduction: “Scope 3” emissions. These emissions are not directly produced by a company’s operations, but embedded in its supply chain. They account for the vast majority of companies’ emissions, and a significant portion are generated from supply chain and logistics activities—in particular, from the combination of road and ocean freight. In total,…
Executives often fear that they’ll lose control and speed by engaging employees in strategic planning. But here’s a new playbook that works. Alexander Loudon June 19, 2024 Reading Time: 8 min Tang Yau Hoong/Ikon Images As the newly appointed CEO of Hema, a struggling European retail chain with 750 stores and 19,000 employees, Saskia Egas Reparaz faced a daunting challenge. The year before, in 2020, the company had posted a…
Brian Kenny: Somewhere in the Caucasus, around 6,000 BC, someone discovered grapes fermenting in a jar and for some unfathomable reason, decided to taste it. And thank God they did because this is thought to be the origin of wine. Aside from water, wine may be the longest-standing beverage in human history. Even today, it is among the top five most consumed drinks in the world. Throughout history, it has…
For a decade, the Indian chemical industry has been a global outperformer in demand growth and shareholder wealth creation. However, global headwinds have recently interrupted this momentum. Chemical companies in India could navigate these challenges and enhance their future prospects by boosting their competitiveness. Indian chemical industry: Interrupted momentum Indian chemical companies performed better than their global counterparts with strong total shareholder returns (TSR) growing at an annual rate of…
How can we change and transform the education system through leadership? The Broad Center at the Yale School of Management fosters the ideas, policies, and leadership to help all students in K-12 public schools — particularly those from underserved communities — to learn and thrive. Broad is a stellar example of the unique mission of Yale SOM: educating leaders for business and society. Since I feel connected and inspired by…
Echion, a Cambridge University spinout headquartered just outside the city, has invented and patented a niobium-based anode material, XNO®, for use with re-chargeable lithium-ion batteries. The material enables the lithium-ion batteries to safely charge in less than ten minutes, last for more than 10,000 cycles and not lose power in extreme cold or hot temperatures. By improving the power density and thermal stability of lithium-ion batteries, XNO® extends their lifespan.…
Download the Event Summary Download (PDF) Technology is given undue agency — it shifts, it disrupts, it eliminates. At Work/24: The Human Factor, a virtual summit held May 2, 2024, MIT Sloan Management Review brought together experts in artificial intelligence, change management, workplace culture, and human resources. Their goal: to help leaders understand how teams can thrive in a tech-dominated, AI-fueled world of work. MIT SMR editor in chief Abbie…
Quick Hits The Oregon Bureau of Labor and Industries issued a proposed rule that would impose new requirements for employers responding to allegations of harassment. The proposal introduced five factors for evaluating what constitutes “appropriate corrective action” and “promptly correcting harassing behavior.” Currently, determining whether an employer took an appropriate corrective method depends in large part on whether the harassment stopped, but BOLI’s proposal might open employers to criticism of…
It’s no secret the Federal Reserve and other central banks weren’t prepared for the swift, steep curve of inflation’s climb after COVID-19 snarled supply chains in 2021 and Russia’s invasion of Ukraine sent energy prices soaring in 2022.“Central banks are accustomed to working in low-inflation environments.” If central banks had used economic models that account for variations in the speed of firm’s pricing decisions rather than their traditional forecasting tools,…
The next generation of electrical/electronic (E/E) architecture for software-defined vehicles (SDV) is evolving toward centralization. By 2032, McKinsey analysis estimates that 30 percent of all vehicles produced globally will have E/E architectures with zonal controllers (Exhibit 1). Importantly for the semiconductor industry, this shift will require centralized, high-performance compute units. In the next ten years, the market for automotive microcomponent and logic semiconductors is expected to grow to $60 billion…
For many years, the Netherlands has enjoyed a robust economy and strong workforce. With a vast active workforce of 9.6 million people (out of a population of 17.6 million), the country has one of the highest employment rates and workforce productivity rates in the European Union. Globally, it ranks fifth for competitiveness, sixth for happiness, ninth for social progress, and tenth on the UN Human Development Index. However, ongoing trends…
In this short video, MIT Sloan CIO Symposium speakers and CIO Leadership Award finalists share advice on the AI threat vectors to focus on now. MIT Sloan Management Review June 18, 2024 Reading Time: 1 min subscribe-icon Subscribe Share [embedded content] At a time when cybersecurity is paramount, artificial intelligence tools introduce even more complexity for IT and business leaders. The AI tools, the large language models that power them,…
AI is rapidly being woven into many organizations, and it promises to transform every aspect of work, from boosting personal productivity and creativity to working on behalf of teams and automating business processes. At professional services firm EY, integrating AI required radical changes, like crafting guidelines for employee adoption and building its own AI platform. Marna Ricker is a Global Vice Chair at EY who oversees services delivered by more…
When Katherine Coffman presents her research findings about how gender stereotypes shape the behavior of men and women in the workplace, she is often asked: What about non-binary individuals?“People understandably keep asking, ‘What about people other than men and women?’ We know a lot of past [research] hasn’t included everyone,” says Coffman, the Piramal Associate Professor of Business Administration at Harvard Business School. A 2021 Williams Institute study found that…
This overturns the traditional thinking that regulatory T cells exist as multiple specialist populations that are restricted to specific parts of the body. The finding has implications for the treatment of many different diseases – because almost all diseases and injuries trigger the body’s immune system.Current anti-inflammatory drugs treat the whole body, rather than just the part needing treatment. The researchers say their findings mean it could be possible to…
At a recent Yale CEO Summit we convened online to mark the 50th anniversary of the invention of the internet in 1974, top Fortune 500 CEOs revealed how they are reinventing their businesses around artificial intelligence (AI), clean energy, and other emerging technologies. The most tangible, impactful implementations of AI are often taking place in traditional business sectors. As one of our speakers, Steve Case, the CEO of Revolution Growth,…
On June 17, the Valdai Club hosted a discussion on the outcomes of the 50th G7 Summit and its significance in terms of global politics. Andrey Sushentsov, moderator of the event, invited participants to consider how developments in international relations are likely to unfold over the months ahead. Dimitri Simes, Channel One Presenter, Founder and ex-President of the Center for the National Interest (USA), briefly outlined the agenda for the…
Quick Hits Federal district courts in Kentucky and Louisiana have issued injunctions blocking the implementation and enforcement of the U.S. Department of Education’s new Title IX regulations in ten states. The U.S. District Court for the Eastern District of Kentucky held that the U.S. Department of Education had exceeded its statutory authority by redefining “sex” to include “gender identity.” The federal district court also ruled that the new Title IX…
Naomi was troubled by recurrent nightmares. Each night, she found herself trapped in a dark parking lot with no exit, hiding from approaching footsteps. As a shadowy figure with a familiar face loomed closer, Naomi tried to run but her feet felt like lead. She'd wake up, drenched in sweat.Through therapy and coaching, Naomi connected the dots between the subject of her nightmares and her overbearing boss. She realised that the constant…
Thousands of hours spent working closely with CEOs and other leaders of top corporations and nonprofits have revealed a fascinating business phenomenon: many leaders who have mastered all the right executive skills, including financial acumen, strategic and operational management, and system thinking, still struggle to link their aspirations with the actual performance of their organizations. After a careful analysis of what was holding back these otherwise talented executives, we concluded…
18 June 2024Tom Hudepohl, Pamina Karl, Tobias Linzert, Benoit Nguyen, Marta Skrzypińska, Lia Vaz Cruz[1] With the reduction of the Eurosystem’s balance sheet, central bank liquidity is declining. As liquidity is unevenly distributed among banks, an effective redistribution and use of market funding are essential. This worked well so far, with limited recourse to Eurosystem’s refinancing operations.During and after the COVID-19 pandemic, the Eurosystem purchased large amounts of bonds and…
For managers and teams, this is an unhealthy rapport. Here’s how to stop rolling your eyes and start treating each other like full-fledged adults. Jennifer Jordan June 17, 2024 Reading Time: 11 min Carolyn Geason-Beissel/MIT SMR | Getty Images To prepare for an upcoming program with a global chemicals company, I conducted a series of interviews with the top managers and the people who reported to them. I heard a…
It was 1:30 p.m., and Andrew Murray, the general manager of the 22-room Doonmore Hotel, had not yet eaten breakfast. “It’s been one thing after another since I woke up,” he said. “You know, in this job there are an awful lot of moving parts.” The hotel perches on a cliff on this small island of about 170 permanent residents. It has a restaurant, a bar, and during a week…
This scenario is quite likely, especially if Russian troops are successful. There are prerequisites for success. The Russian army has clearly seized the initiative and is increasing pressure along the entire front line, expanding it in new directions. It is also important that the Russian proposals clearly look closer to current realities than the “Zelensky plan.” The fact that Vladimir Putin revealed the essence of proposals for security in Eurasia…
Credit unions in the United States are at a crossroads. Their membership ranks are aging, and young people don’t always see credit unions’ offerings as a good value. That means credit unions need to work harder to attract younger members, or risk fading into irrelevance. (For more details on credit unions—what are they exactly and who can join one—see sidebar, “A brief history of credit unions.”)US credit unions have had…
Failing to identify faults seems to be a prevalent issue nowadays, considering recent reports of quality control problems at Boeing and numerous recalls by car manufacturers, to name a few. Yet, excessive fault-finding occurs when the ability to pinpoint faults, which is a beneficial behaviour, is taken too far. This can become detrimental if not properly managed.Fault-finding happens when someone identifies and points out mistakes, flaws or problems, focusing on what is wrong rather…
Magazine Summer 2024 Issue Radar These research-backed tips can help you improve your prompting strategies for better results from large language models. Kaushik Viswanath June 10, 2024 Reading Time: 1 min Topics Data, AI, & Machine Learning AI & Machine Learning Radar Brief insights on emerging trends in management from the opening pages of MIT Sloan Management Review’s quarterly print magazine. More in this series subscribe-icon Subscribe Share Getty Images…
By Kristina M. Launey & Minh N. Vu Seyfarth Synopsis: Plaintiffs filed 2,794 website accessibility lawsuits in federal court in 2023 – a 14% decrease from 2022. After 2022’s record-setting year for website accessibility lawsuits filed in federal court, the 2023 filings dropped by 14%. The total number of lawsuits filed in federal court alleging that plaintiffs with a disability could not use websites because they were not designed to be accessible and/or…
The mere mention of “feedback” can make many people’s palms sweat. Whether giving or receiving feedback, it often has a reputation as negative and momentous. But it doesn’t need to be. Certainly, feedback can include constructive criticism, but it can also include gratitude and acknowledgments of positive actions. Similarly, feedback can happen during formal annual reviews and promotion discussions, but it isn’t limited to those situations. In fact, real-time feedback…
Jennifer Pahlka is the founder of Code for America, served as the United States government’s deputy chief technology officer, and is author of the book Recoding America: Why Government Is Failing in the Digital Age and How We Can Do Better. Jenn joins us to share her personal reflections of her time in government and the path forward. Michael Chui (co-host): Janet, on this podcast we have had a lot…
In this episode of Game Changers, join hosts Sophie Brazell-Ng and Stephanie Ho and Women In Change Director, Louise Robey as they discuss innovative strategies for building change capabilities within organisations.Whether you’re a seasoned professional or new to the field, this episode offers valuable insights into fostering a collaborative, adaptable, and forward-thinking workplace. Listen here or read on for an edited transcript. Sophie Brazell-Ng: Welcome today we are back in…
Getting a credit card these days is, for most people, no big deal. But it wasn’t always so easy or so common. In the 1950s and ’60s, credit cards were mainly used by wealthy people who wanted to pay for goods and services at department stores and restaurants without carrying cash. At the time, women could not get a credit card without a male cosigner. That began to change in…
1. The Ethical Matrix is based on a bioethical framework originally conceived by philosopher John Mepham for the sake of running ethical experiments. For a detailed presentation, see C. O’Neil and H. Gunn, “Near-Term Artificial Intelligence and the Ethical Matrix,” chap. 8 in “Ethics of Artificial Intelligence,” ed. S.M. Laio (New York: Oxford University Press, 2020). 2. C. O’Neil, H. Sargeant, and J. Appel, “Explainable Fairness in Regulatory Algorithmic Auditing,”…
About the Program Join us for the third installment of our DEI Webinar Series: "Developments and Strategies in the Current Landscape of DEI Programs." During this third installment, Seyfarth attorneys explore common DEI programs and practices, including the effects of recent cases and developments. The webinar examines the structure and logistics of these programs, as well as common challenges to implementation. Our experienced panel will analyze different types of DEI…
In this episode of McKinsey on Building Products, a podcast dedicated to the exploration of software product management and engineering, McKinsey partner Rikki Singh spoke to Scott Johnston, CEO of Docker. They discuss the importance of continual experimentation and adaptation in scaling platforms, the role of internal tools and infrastructure, and the process of building a sustainable, high-performing developer culture. This interview took place in September 2023 as part of…