Business and management

Boston Globe reporter Kara Miller spotlights Prof. Zeynep Ton’s work advocating for better treatment and pay for workers. Ton, who originally came to the Boston area to study supply chains, recently published a new book, “The Case for Good Jobs,” and is “on a mission to change how company leaders think, and how they treat their employees,” writes Baskin. “To Ton, the solution is clear: Treat people better, give them more control over their lives, close the income divide. It’s just good business.”

J. Daniel Kim PhD ’20 and Minjae Kim SM ’17 PhD ‘18 have found that young companies “were less likely than similar companies to change their line of business or location” after the departure of a founder, reports Kevin Lewis for The Boston Globe. “Companies that did change their line of business tended to perform better, especially around recessions,” explains Lewis. “This supports the notion that the loss of a founder tends to impede necessary change.”  

MIT alumni Steve Fredette, Aman Narang and Jonathan Grimm co-founded Toast, an all-in-one online restaurant management software company, reports Aaron Pressman for The Boston Globe. “The Toast founders spent hours talking to restaurateurs and built features such as real-time communication with the kitchen about special orders and dishes that have sold out, and a way of tracking loyalty rewards,” explains Pressman. 

Prof. Yossi Sheffi, director of the MIT Center for Transportation and Logistics, speaks with David Wade of WBZ News about AI and the future of work. "Jobs will change, clearly some jobs will disappear. I don't want to minimize it," says Sheffi. “Some jobs will disappear, but this is a very small number. Most of the impact of technology is to assist."

Prof. Simon Johnson and Prof. Yossi Sheffi speak with Boston 25 about the potential impact of AI on the labor market. “We need people to have what’s called soft skills,” says Sheffi. “They need to be able to convince people, manage people, work with people, partner with people.” Johnson notes while there are still fields that are safe bets, but notes that the speed with which [AI] is moving and currently the acceleration is really dramatic.”

Prof. Yossi Sheffi joins Bloomberg Business Hour to discuss the impact of artificial intelligence on businesses, supply chain management, and risk management. “In general, over the last 50 years, supply chain has changed dramatically, infusing more and more technology into the operation,” says Sheffi.

Forbes contributor Joe McKendrick spotlights Prof. Yossi Sheffi’s new book, “The Magic Conveyor Belt: Supply Chains, AI, and the Future of Work.” McKendrick writes that Sheffi emphasizes the need to "better understand the supply chains on which our businesses and society depend, and our conception of supply chains needs to be broadened — from product and parts delivery networks to the very essence of organizations themselves.”

MIT has ranked first in 11 different academic fields in the latest QS World University Rankings, reports Michael T. Nietzel for Forbes.

Writing for The Hill, Prof. Yossi Sheffi examines several strategies companies could use to help improve supply chain sustainability, including redesigning last-mile deliveries, influencing consumer choices and incentivizing returnable containers. “Supply chains can be designed to reduce emissions from operations and to reorient their buying behavior in support of carbon emissions reductions,” writes Sheffi.

Nicole Obi MCP ’95, SM ’95, head of the Black Economic Council of Massachusetts, speaks with Boston Magazine reporter Jonathan Soroff about how Massachusetts can level the playing field for entrepreneurs. “We’re at this point of racial awakening, and a lot of people might not be comfortable with it, but they get it,” says Obi. “Being in this moment makes me really excited to be part of the solution and to create a more equitable future for Massachusetts.”

Prof. Deborah Ancona speaks with Forbes reporter Tima Bansal about her research into X-teams, a specific type of team structure used in business environments.

In an article for Fast Company, Prof. Kate Kellogg and Prof. Erin Kelly, along with Boston University lecturer Constance Hadley, explore how employers can help encourage spontaneous interactions among employees. “By giving more attention to cultivating employee relationships and network ties at work, leaders can help create a hybrid workplace that offers the best of both worlds,” they write.

MIT’s Sloan School of Management and University of Navarra’s IESE Business School are launching a Global CEO Program designed for senior executives, reports Syndey Lake for Fortune. “Students, through the seven-month program, will focus on topics including systems thinking, innovation mindset, communication, change management, emerging technologies, negotiation and influence, self-leadership, and building a legacy,” writes Lake.

Fast Company reporter Amelia Hemphill spotlights the work of Alicia Chong Rodriguez SM ’17, SM ’18, and her startup Bloomer Tech, which is “dedicated to transforming women’s underwear into a healthcare device.” “Our big goal is to generate digital biomarkers,” says Chong Rodriguez. “Digital biomarkers work more like a video, so it will definitely allow a more personalized care from the physician to their patient.”

A new study co-authored by Prof. S.P. Kothari “analyzes the stock returns of thousands of companies from 1988-2020, comparing those that repurchased shares against firms that didn’t, adjusting for their size and other factors,” reports Jason Zweig for The Wall Street Journal. “We don’t see massive misuse as some people allege,” says Kothari. “This isn’t a rigged game where CEOs are lining their pockets.”