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  • CEO summit offers business leaders a look at MIT's entrepreneurial ecosystem - MIT Sloan School of Management
    entry marketing finance or another realm Teams work with their companies remotely during the fall then travel to the partner company for three weeks in January to complete the project and deliver findings and recommendations Conexia CEO Luis Navas whose Argentina based health care IT company is hosting its fifth MIT Sloan G Lab team said it was invigorating to visit campus for the summit the second such event the school has held When you think about MIT when you re abroad you think I want to go to MIT I want to see the future You get a glimpse of that when you see places like the Media Lab and the systematic way that entrepreneurship is taught Navas said It s a very rich and nurturing environment At the summit CEOs toured the Martin Trust Center for MIT Entrepreneurship in addition to the MIT Media Lab They met with MIT Sloan faculty to discuss entrepreneurship and finance and spent time working with their G Lab student teams Conexia hosted its first G Lab team during the 2009 2010 academic year That team examined whether the company should attempt to enter the United States market with its health care information exchange technology Health care providers use Conexia s software and services to quickly determine whether medical procedures are covered by a patient s insurance company speeding payment and reducing administrative waste and fraud The 2009 2010 G Lab team helped Conexia decide to hold off on the U S market and instead focus its efforts on Colombia where it has since thrived The company now derives more than twice as much revenue from the Colombian market as it does from Argentina and employs 120 programmers and sales staff there Its annual sales have grown from 4 million to 16 million

    Original URL path: http://mitsloan.mit.edu/newsroom/2014-glab-ceo-summit.php (2015-03-14)
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  • A capital club - MIT Sloan School of Management
    60 who has been a member of the MIT Club of Washington D C for more than 40 years assisted Dulman in forming the new club As a past MIT Club president and a current board member Gordon had always integrated MIT Sloan activities into the D C club but he said last year seemed like the right time to formally launch an MIT Sloan specific alumni club The MIT Club and the MIT Sloan Office of External Relations were supportive of the effort Alumni clubs serve as an important extension of the school said Renee Hirschberg associate director of alumni relations and annual giving at MIT Sloan The Office of External Relations does not have the capacity to host regional events as frequently as everyone may like therefore clubs are critical in providing alumni with engagement opportunities such as admissions events welcoming alumni to the area networking events and more she said Working with Hirschberg Dulman sent out a survey to the 700 plus alumni in the greater Washington D C area to assess interest in organizing a club A core group of organizers met for the first time in May 2014 to decide on programming and leadership There is now a group of 15 board members including Dulman and Gordon Many of the MIT and MIT Sloan alumni are interested in the same topics and Gordon emphasized that the MIT and MIT Sloan clubs need to work in tandem Dulman agreed and said MIT Sloan alumni should consider participating in both clubs We want to strengthen our ties with Sloan and have the opportunity to network with members of Sloan and the MIT community he said Inaugural event In July an informal happy hour at Del Frisco s Grille was the first official MIT Sloan Alumni Club event

    Original URL path: http://mitsloan.mit.edu/newsroom/2014-dc-alumni-club.php (2015-03-14)
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  • Sam Zell talks entrepreneurship, education at on-campus Q&A - MIT Sloan School of Management
    entrepreneurship education at on campus Q A Published September 26 2014 Collaborators don t make discoveries Leaders make discoveries investor tells students MIT professor Vladimir Bulovi left interviews Sam Zell Billionaire investor Sam Zell brought his personal brand of wisdom to MIT Sloan Sept 23 for a lunchtime discussion with MIT Sloan students in a packed lecture room on campus Zell shared his thoughts on leadership and entrepreneurship education in the United States among other topics After a one on one interview with MIT professor Vladimir Bulovi co director of the MIT Innovation Initiative Zell took questions from students and other faculty members Zell describes himself as a self made man a first generation American entrepreneur who grew a series of real estate holdings into an investment empire and an estimated personal fortune of nearly 5 billion He is the chairman of Equity Group Investments among other positions I didn t know what I couldn t do Zell said of his early days in business If you begin with the presumption that you don t see any limitations on what you can do then your creativity is unlimited It takes a great deal of independence he said It takes a great deal of self confidence Zell is known for his strong opinions and contrarian investment moves To MIT students he declared conventional wisdom his enemy and said that collaboration is overrated Leadership he said is a quality that requires a singular capacity for decision making albeit one sometimes informed by others Collaborators don t make discoveries Leaders make discoveries he said Cross pollination is wonderful but in the end somebody s got to stick their neck out and take the risk Zell assailed entrepreneurship and business education saying that schools for too long taught students there has to be a

    Original URL path: http://mitsloan.mit.edu/newsroom/2014-sam-zell.php (2015-03-14)
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  • Tackling the challenges of governments as financial institutions - MIT Sloan School of Management
    citizens can turn to as an objective source of information when they re thinking about these policy issues That information often isn t available now she said Research endeavors so far include among others the production of a world atlas of government financial institutions an effort helmed by Lucas to catalog compare and evaluate governments financial involvement worldwide a project led by Professor Andrew Lo to develop a dashboard that measures systemic financial risk a study of the effects of algorithmic and high frequency trading led by Professor Andrei Kirilenko and a study of policies on retirement finance led by MIT Sloan professor and Nobel laureate Robert Merton Lo Kirilenko and Merton are all co directors of the center Along with the research work Lucas said there is also an educational mission for the center In many cases the center s leaders say financial problems could have been avoided mitigated or at least predicted had public sector workers had an education on par with that received by many private sector finance professionals The idea is to provide the people who are working on finance within a government context with the same skillset as their peers in private industry Lucas said One reason you see a lack of finance education is because it s tended to be a rather expensive education And people going into the public sector may not even realize that finance is what they will need to know At MIT Sloan work at the center has already led to the creation of Kirilenko s new course Core Values Regulation and Compliance as well as a student club on financial markets and policy The center began sponsoring events in October 2013 but officially launched Sept 12 13 with the inaugural MIT Center for Finance and Policy Conference in Cambridge

    Original URL path: http://mitsloan.mit.edu/newsroom/2014-cfp-conference.php (2015-03-14)
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  • MIT Sloan welcomes prospective students for Diversity Weekend - MIT Sloan School of Management
    minority MBA students and organizations on campus Current students are helping to plan the program and are serving as personal hosts for attendees providing them with overnight accommodations in their homes It will definitely be an opportunity to get to know Sloan said Kim Hill MBA 15 one of the student organizers It will provide a chance to make new friends and share ideas and experiences and I think that s something that s consistent with the mission of Sloan and the spirit of collaboration that is so prevalent in the school The event launches on the evening of Oct 2 with a welcome reception and social function hosted by the Black Business Students Association the Hispanic Business Club and the Africa Business Club The following day s program will begin with a welcome from Senior Associate Dean Jake Cohen and continue with a variety of presentations It will include a session on Action Learning at MIT Sloan featuring talks by students who have participated in the India China and GlobalHealth labs as well as a study tour in Israel a presentation on MIT Sloan s dual degree programs with Harvard s Kennedy School and the MIT School of Engineering Leaders for Global Operations and a mock game theory class and simulation exercise The MIT Sloan Career Development Office will present a panel about diversity at the school and the MIT Sloan Admissions Office will speak about the admissions process and application tips MIT club presidents will give closing remarks and the event will conclude with happy hour and dinner According to Carbone approximately 30 people attended each of the Diversity Weekends the past two years and the same number is expected this year Many former attendees are now MIT Sloan students Carbone said One of them Alan M Christophe

    Original URL path: http://mitsloan.mit.edu/newsroom/2014-diversity-weekend.php (2015-03-14)
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  • New MIT Sloan Student Senate leaders aim to build school unity - MIT Sloan School of Management
    the campus Bajaj said I was on the careers committee last year and we took a lot of student feedback especially about non traditional careers We worked with the Career Development Office to build relationships with more unconventional companies and to organize more career panels so students could hear from other students about how to get a job at a non traditional employer Mahler was on the academics committee which worked with the school administration to transform the Sloan Innovation Period an intensive week of experiential leadership learning in the middle of each semester SIP has been redefined using the frame of the MIT Sloan mission to create interactive and engaging immersive learning experiences for students that draw on the expertise of the MIT and MIT Sloan faculty The changes really integrated a lot of things that we heard from students Mahler said And the entire process from gathering student feedback to brainstorming solutions to coming to a resolution with administrators took place in one calendar year Mahler and Bajaj also formed a OneMIT Senate committee led by three Senate vice presidents who helped introduce new activities such as the first all MIT graduate student welcome picnic held in late August The event attracted nearly 1 000 students from all of MIT s graduate programs OneMIT launched last year aims to strengthen collaboration across all of the MIT graduate communities by facilitating communication and interaction among all graduate students Ideally it will help students build lasting connections accelerate innovation in conjunction with the institute s Innovation Initiative and cultivate a sense of community across departments that could yield more interdisciplinary opportunities according to Mahler and Bajaj The Senate is now working to build on programs like OneMIT This effort followed on the heels of the OneSloan initiative a push across

    Original URL path: http://mitsloan.mit.edu/newsroom/2014-senate-co-presidents.php (2015-03-14)
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  • Lessons learned: What the Market Basket protest offers leaders and managers - MIT Sloan School of Management
    and adjunct associate professor Zeynep Ton both of whom study labor and employment it was not about the usual labor issues of pay and benefits though protest leaders said new leadership would roll back both And Market Basket has no union Instead employees banded together to fight out of loyalty to Demoulas and for preservation of the company s culture and business model On Thursday Sept 25 MIT Sloan and political and culture magazine Boston Review will co host a forum at MIT s Wong Auditorium called Lessons from Market Basket featuring a panel of experts in leadership corporate governance finance marketing operations and labor Executives and employees of Market Basket those at the center of this summer s drama are expected to provide first hand perspective Moderated by WBUR reporter Curt Nickisch panelists include Kochan and Ton along with fellow MIT Sloan faculty members Deborah Ancona Renee Gosline and Andrew Lo as well as MIT political science professor Andrea Campbell Other panelists include Harvard Business School professor Jay Lorsch Harvard Kennedy School of Government professor Marshall Ganz Ownership Associates CEO Christopher Mackin an advisor on employee ownership and American Federation of State County and Municipal Employees organizer Kris Rondeau So many people related to the actions of these employees who stood up and fought to maintain a good employer said Kochan co director of the MIT Sloan Institute for Work and Employment Research Some who are in similar situations likely said I know what you re fighting for Others who are not treated well likely thought Good for you There are so many people fed up with inequality and greed in economic affairs and they re happy to see a fight for a more positive alternative The spark that ignited the employee revolt was the firing of Demoulas by a board dominated by his cousin Arthur S Demoulas whose side of the family dominated the board following one of the longest and most expensive civil litigations in Massachusetts history But to Kochan and Ton the volatile family dynamics are less interesting than the business model that fostered such passionate employee reaction Adjunct Associate Professor Zeynep Ton The whole nation was watching this said Ton author of The Good Jobs Strategy I think one of the reasons is the current income inequality where people have jobs but not good jobs To hear about a supermarket chain where the jobs are supposed to be bad jobs to hear employees stand up for the integrity of the business model is refreshing It inspired others to say We can create loyalty and offer low prices it is possible she said There is a way to run a very profitable business that benefits shareholders customers and employees And Market Basket demonstrates that Kochan and Ton believe the Market Basket story carries lessons critical to current and future leaders in business It can teach students and faculty that there are successful and sustainable business models and strategies that work for owners employees customers and communities

    Original URL path: http://mitsloan.mit.edu/newsroom/2014-market-basket.php (2015-03-14)
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  • Preparing the world for digital revolution - MIT Sloan School of Management
    now is how does society need to change to keep pace with technology At the Second Machine Age conference held Sept 10 11 at the MIT Media Lab and named for Brynjolfsson and McAfee s 2013 book academics and business leaders grappled with that question trying to compose an image of the future of work education and society that fits with their best educated guesses of the future of technology The vibe was optimistic Allen Blue the co founder of LinkedIn explained how the company s massive database of users employers and schools can track needs for skills by city and connect workers with jobs MIT Media Lab assistant professor Cesar Hidalgo demonstrated how applications like The Observatory of Economic Complexity can measure and predict international trade practices to target regions and develop growth And Gill Pratt a manager at the Defense Advanced Research Projects Agency covered significant advancements in robotics We re getting a lot better at these things and none of this is a small deal McAfee said I feel like we re in an age of getting smarter about the state of the world that we haven t seen since the combination of the Enlightenment and the scientific revolution Much of the discussion focused on how to prepare society to best navigate and take advantage of the digital and technological revolution that is underway Education was a constant theme Joi Ito the director of the MIT Media Lab argued for a shift to creative learning incorporating projects peers passion and play He demonstrated how faculty and students at the Media Lab are leaders in the so called maker culture that uses new tools of innovation like 3D printing to develop new products At the Media Lab Ito said the faculty credo is not publish or perish but deploy or die Bill Aulet the managing director of the Martin Trust Center for MIT Entrepreneurship pushed for changes in how people are taught to start businesses saying that entrepreneurship education in the United States is dismal at best today He dismissed most entrepreneurship educators as long on platitudes and short on actionable guidance Meanwhile the demand for entrepreneurship education is stronger than ever before Aulet said This enormous gap between demand and supply has been filled by storytelling he said Why is that Because it s not easy to teach entrepreneurship Aulet advocated what he calls disciplined entrepreneurship a method he described in his 2013 book of the same name The disciplined approach Aulet said focuses on the skills knowledge and processes needed to develop and launch a new product or service rather than on anecdotes and motivational speeches The dearth of practical entrepreneurship education is worrying Aulet said because entrepreneurs will be the job creators of the new machine age creating new industries using the affordable easy to access tools that are fast becoming available He made a distinction between small local ventures such as restaurants and retailers and innovation driven enterprises that can become global companies on

    Original URL path: http://mitsloan.mit.edu/newsroom/2014-second-machine-age-conference.php (2015-03-14)
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