Delivering the dream of space travel has always been the exclusive province of government agencies, and primarily the privilege of professional astronauts. With Virgin Galactic, Richard Branson is trying to change that.
It’s a striking claim: by giving money away, we make ourselves better off. Can this be true?
Dragging out the march toward what is looking like almost certain bankruptcy for General Motors is chewing up resources that could be used to help employees down the road.
The U.S. government has made it clear that Fannie Mae and Freddie Mac, the two big mortgage guarantors, are not going to run out of cash. Yet the stocks of both are still tumbling; what is going on?
We need to apply sensible economics in informing giving decisions, especially in tough financial times.
Are there enough resources to meet growing demand? That is one of the many questions energy experts discussed at the 2009 Energy Symposium. Read more.
The reason a gender gap persists in some fields, like science, may start in the classroom, says Professor Ray Fisman. What can mentoring learn from that?
Yesterday, AIG CEO Edward Liddy called for employees making more than $100,000 a year to return at least half of their bonuses. Should the employees give the money back, and was the outrage over the initial payouts justified?
Noel Capon looks at how companies succeed in a new world where an oversupply of goods and services means an undersupply of customers.
The earnings gap widens the further up the educational and professional food chain the female college grad goes.
There is no more urgent or important work than providing children from low-income communities the same high quality education that their affluent peers receive.
Properly managed and nurtured, friendships with colleagues and competitors can be good business.
If your industry has a high rate of technological change, are you more likely to outsource?
The economic downturn has done what even David Beckham could not: transform professional soccer into an American institution. A lesson in the dangers of co-branding.
Public Offering spoke with Lulu Wang '83 about her experience with the Nonprofit Board Leadership Program and what it takes to be a successful board member.
Are risk models to blame for the financial crisis? Professor Eric Schoenberg says they are and makes a case for what we need to do to fix the system.
Findings on value creation and regulatory fit offer far-ranging implications for management, marketing and even mental health.
Finding the right calculus for work and life is no easy task. For many, this is where the role of a mentor comes in handy.
Professors Fraiman and Singh assert that the mindset of Uruguay’s entrepreneurs must change in order for the country to catch up to the rapid pace of development in other emerging nations.
In the 1990s, EMC was the hottest stock on the NYSE. But when the dot-com bubble burst, the company took a turn for the worse. How did Joe Tucci revamp EMC's business model to fit a radically different marketplace?
How do you create a socially conscious business model? It's a lot like creating a new ice cream flavor, Ben & Jerry's co-founder Jerry Greenfield told students. Greenfield spoke with Greyston Bakery CEO Julius Walls, Jr. on leadership in social enterprise.
At the OCSAMSE conference in July, sponsored by the School's China Business Initiative, Professor Fangruo Chen awarded the Best Paper Award to research on channel stuffing.
For young biotech firms seeking prestigious industry alliances, who their top management team knows may be as important as what they know.
Could the power of the crowd soon rival corporations for organizing labor? Author Jeff Howe, who is a speaker at today's BRITE conference, discusses the evolution of crowdsourcing.
Michael Mauboussin mines unexpected sources for insight into choice, risk and innovation
Unilever’s Dove brand has garnered much goodwill for its 4-year “Campaign for Real Beauty.” But it turns out that the refreshingly atypical beauties from its print campaign may have been airbrushed.
Large consumer-products firms are able to offer consumers a broad range of tailored choices across markets, but may end up marketing too many product varieties.
Your life may get a little healthier thanks to Cyrus Massoumi '03, founder and CEO of ZocDoc. Public Offering caught up with him to discuss life as an entrepreneur.
Professors Ray Fisman and Sudhakar Balachandran share their thoughts on the practice of using peer comparison to set executive compensation packages.
During Sirius Satellite Radio’s bid to acquire XM Satellite Radio it claimed that its real competition was not from XM but all the other options — hi-def radio, MP3 players, cellphones and backseat DVDs — that consumers have for incorporating audio and media into their drive time.
Finding the optimal level of task specialization helps organizations adapt and gives workers needed flexibility.
Satyam's auditors were responsible for proactive audit work which they, by their own admission, did not conduct. A close look at the company's balance sheet shows why.
How do organizations respond to societal pressures for changes in their corporate social responsibility policies?
The Treasury and Fed should not ignore systemic risk just to limit moral hazard. But we cannot and should not try to protect every institution.
Why do Americans and Japanese show different levels of trust? Ko Kuwabara examines how different cultures build relationships and social networks.
Eric Abrahamson discusses his book, Change Without Pain, which presents "creative recombination" as a sustainable alternative to traditional methods of organizational change.
What was once a small desert city along the gulf coast is quickly becoming a large metropolis with miles of skyline and hundreds of man-made islands emerging from the Arabian Gulf.
In a new book, Rita Gunther McGrath discusses how taking calculated risks, while learning along the way, can pave the road to success.
Forget the misery index, says Paul Ingram — happiness in hard times isn’t so rare after all.
According to my new friend at Blackstone, restructuring has a short window of opportunity because, unlike the weather here in London, there are typically more sunny days than rainy days in any given market cycle.
Any successful organization requires growth in order to stay competitive, but how does a comparatively small company continue to grow if it has a limited domestic market?
Change need not be difficult or expensive, says Professor Eric Johnson. It is as simple as looking at how an organization utilizes its default settings.
Research from Professor David Gaddis Ross indicates that having a higher percentage of women in senior management positions equates to better firm performance.
When the other side knows more than you do, choose a slower means of negotiation.
A new method for designing market-research experiments reduces costs and yields more precise results.
After conducting a survey of very large corporations around the world, I discovered that a standard of best practices for employing risk management within a governance structure does not yet exist.
I recently returned from teaching a one-week program in nonprofit management in Saudi Arabia, where foundation leaders want to make philanthropy more strategic. What was the experience like?
We live in an era where the media-friendly entrepreneur/founder must act on stage under the spotlight. But at what cost?
We need intelligent economic models to excite investors and present operators before things get worse for the newspaper industry.
Multinational firms often create specialized products to better cater to local tastes. But how many varieties do they really need?
Will the new credit card legislation fundamentally change the way consumers use credit or the way lenders dole it out? Assistant finance professor Enrichetta Ravina discusses the behavior of credit cardholders.
How can banks profit from financial models without being trapped in them? Research by two Columbia professors reveals how successful banks manage their modeling processes.
Jeff Kindler, chairman and CEO of Pfizer, spoke with students about the company's merger with Wyeth and its strategies for confronting market challenges. Read more about the discussion.
Think hard about what the biggest problems out there are to be solved, and survey the charity landscape for organizations that most effectively address your chosen set of needs.
New research from David Gaddis Ross finds that firms benefit when they add women to their senior management teams.
A big shift in the world of strategy today is not necessarily reflected in board-level conversations. What do board members need to be asking?
Can research from management science and marketing help explain - and possibly treat - depression and anxiety?
"The downsizing of General Motors opens economic opportunities for Toyota in the U.S. market, but it may also create serious political risks for Toyota's market share," says Professor Hugh Patrick.
Heightened disclosure requirements and increased corporate scrutiny are making it less likely for senior executives of poorly performing companies to receive handsome compensation packages.
Having an MBA is not a prerequisite to becoming an entrepreneur nor does it guarantee success. What it does do is remove some of the uncertainty in the business landscape by teaching the vocabulary and components of business.
If you are planning to pursue a VC investment career after business school, a word of advice: get experience doing market sizing and practice, practice, practice.
When I decided to move to Hyderabad, I knew I would stand out for a variety of reasons. But I didn’t anticipate how being a female entrepreneur would make me an anomaly.
Active discrimination against women in the workplace accounts for only half of a vicious cycle. The other half is women simply choosing not to compete for leadership positions in order to avoid facing it.
On a giant video screen, robot avatars armed with space-age immobilizers competed in a 3D landscape. But in order to win, these players better know their algebra.
To better understand the business environment in Italy, we attended a private equity conference, where we had the opportunity to meet with the U.S. Ambassador to Italy.
What does the financial crisis mean for the retail sector? Professor Mark Cohen, a moderator at today's Retail and Luxury Goods Conference, discusses the rapidly changing landscape.
We urgently need a name for our new IDC initiative. It should capture the uniqueness of the IDC brand and be fitting of an MBA student-run pro bono consulting group.
There has been a lot of emotionally charged rhetoric surrounding sovereign wealth funds. I just don’t buy it. Calls from politicians and the media for sovereign wealth fund regulation miss the larger point.
How corporations can balance tradeoffs between standardization and local adaptation.
Why did Pfizer pursue this strategy? And will the acquisition encourage other Big Pharma players to take a similar approach?
High Line visionaries, architects, developers and city planners gathered for a panel discussion on October 13 about the 75-year-old elevated railroad that reinvigorated West Chelsea.
The nonprofit sector is always hit particularly hard during recessions. That, Ray Horton says, gives MBAs and today’s nonprofits more to offer each other than ever.
Do Chinese avoid conflict? If so, how will this cultural trait affect negotiations with your Chinese joint venture partner? New research sheds light on how culture influences people in business settings.
NBA Commissioner David Stern recently spoke to students about how he has responded to change and crises during his tenure as head of one of the world's largest sports organizations. Read more.
Organizations need to think more critically about how strategic service initiatives affect operating costs.
Firms with iconic CEOs often enjoy an advantage over their competitors. But what happens when their leaders move on?
Rita McGrath calls for empowering middle managers, who -- with their inside company knowledge, political savvy and talent for getting things done -- make innovation possible.
What exactly is a social enterprise? And how are we delivering on our bold idea for social change?
Fairness matters in tough times even more than in good times. Joel Brockner offers guidelines to help firms embrace fair process.
The three keys to ethical leadership, Immelt told a capacity crowd at Riverside Cathedral, are keeping the company financially safe, having operational excellence and protecting the future.
How cultural differences between Japan and the United States affect the way leaders are perceived when accidents strike.
As growth slows in the pharmaceutical sector, shareholders are putting pressure on companies and their executives to make some difficult decisions.
"You need to know when to get out of the way," Craig Newmark told students about his decision to select a CEO for Craigslist. So how does a founder know when? Entrepreneurship professor Brendan Burns shares his insight.
Business leaders are the ones best suited to manage the risk of climate change that we find ourselves subject to as a global community.
Coach chairman and CEO Lew Frankfort ’69 is going on the offensive, opening nearly 30 stores in China (with plans for 50 more) and introducing more high- and low-end styles. Will this dilute the brand?
Why do business relationships take longer to establish in China than in the United States? New research explores key differences between the American and Chinese approaches to building networks.
When I think of the challenges that the Red Cross is facing, they are not dissimilar to what I’ve seen at for-profit organizations.
From the moment we exited the airport, we knew we’d have to throw all preconceived notions about Lagos out the window.
Professor Bruce Kogut discusses whether or not protectionism will ultimately hurt the American automotive industry.
New research suggests that high-priced talent at the top may be justified in a globalized world.
New research from Professor Brett Gordon shows that competition between Intel and AMD stifled, rather than fostered, Intel's innovation. How so?
"I really enjoyed the complexity of management, and I realized I had a passion for working with a lot of different people and solving complex problems," says Rob Torti '07.
The Tsukiji Fish Market may be one of the last places in a developed country where business is transacted quickly and efficiently without the aid of technology.
An Executive Education trip to the Frick Collection provides an extraordinary learning opportunity in symbolic versus direct communication.
Networking, perseverance and a willingness to live in relatively less-desirable locations can help you find a job with the prestigious organization. What else do you need?
"You have to focus on your competitive advantage, which is local," says Jonathan Knee, director of the media program, about the future of the newspaper business.
What could be a better basis for determining your firm’s degree of customer orientation than the behavior of your CEO?
During the three months we worked in New York and the two weeks we spent in Dhaka, we helped them refine a plan to train young women to install and repair the Solar Home Systems.
I could have sworn I was at a rock show, not an annual meeting. Yet there I stood outside the Qwest Center in Omaha, Nebraska at 6 a.m.
What areas of research would you like to see developed this year?
If we want to find a new supply of great teachers, we need to change methods by which we search. But what should we be looking for?
While some of the world's leading organizations have made meaningful progress on their environmental impact, there remains a general lack of expertise on the way that business intersects with the environment.
Columbia Business School's digital footprint is growing. Where does your social network overlap?
One of the most difficult — but essential — decisions to make in today’s hypercompetitive markets are those that involve shutting things down.
Good decision making requires skills, and one way to learn these skills is by practice.
Flight cancellations, delays, inspection fiascos, mergers, bankruptcies. And now a second bag tax? What’s going on with the airline industry?
The closing of General Motors' High Performance Vehicles division will have a major psychological and symbolic impact on the car industry.
Interface founder and chairman Ray Anderson and New York City planner Dr. Rohit Aggarwala '00 recently spoke to a new alumni group, the Sustainable Business Committee.
Professor Wei Jiang weighs in on Google's plan to allow its employees to exchange stock options. Does the plan create the right incentive for employees or is there a better solution?
It is one thing to turnaround a troubled company and it is another to transform it. Xerox CEO Anne Mulcahy has done both.
Shanta Devarajan of the World Bank says we must foster macro-economic stability in Africa if we want to solve the problem of poverty. Watch the video interview.
Even in challenging times, consumers can spot the value in innovation, says Professor Amar Bhide. And for those firms able to deliver bold new products, opportunity awaits.
Over the past decade, leading African business schools have adopted the traditional case method. But how much can they really learn from these cases when they are about American companies that routinely leave Africa out of their operating plans altogether?
When a company’s development is driven primarily by industry-wide expansion rather than a company’s innovation and operational excellence, you can be certain that the business will experience its share of growing pains.
Why strong displays of emotion — even negative ones like anger — can be good for organizations.
View a photo slideshow with highlights from the summer term, including student activities, a Case Competition and community forum on behavioral economics.
The automobile industry's endgame problem is determining how to scale back the manufacturing capacity of those firms whose products are no longer economical to produce.
At Columbia Business School's 5th Annual Healthcare Conference, industry leaders said they are looking for ways to drive innovation.
Jonathan Knee wants to bring back the traditional values of investment banking's early days -- before junk bonds, LBO funds and the Internet bubble changed everything.
We asked faculty members to look back at the year and give us their pick for the best idea or book of 2008.
Fair process is good for firms and employees, says Professor Joel Brockner. But it may come with a downside.
In his new book, Eli Noam measures market share to gauge how the media industry has evolved and to determine which companies will win and lose in the digital infotainment age.
In his new book, Eric Abrahamson lambastes our profit-devouring, time-wasting obsession with order and revels in having achieved an optimal state of messiness.
An innovative experiment shows how we try -- with varying degrees of success -- to meet new people.
Yesterday's announcement marks the second time this year that two pharmaceutical giants have agreed to merge. What is driving the consolidation, and what are the risks?
We need new measures to guard against toxic waste on Wall Street, but we especially need people who understand the machinery.
Morgan Stanley's bribery scandal in China is by no means an isolated event.
What do MBAs need to know about education reform? This year, the Social Enterprise Club met with different leaders to learn how management and school reform can work together.
Dean Glenn Hubbard addressed an all-school group about the near-term and long-term economic impact of the current news from Wall Street.
Our Pangea Advisors team spent the summer working with Qualitas of Life, a community-based financial education organization for Hispanic immigrants. The mission was to improve their volunteer network.
How banks can profit from financial models without getting trapped in them.
How do you create a company where environmental goals aren’t peripheral, but central to the business plan?
Fees, fees, fees galore. At some level, I think the behavior of credit card companies violates most people's basic understanding of what is a fair and appropriate way to treat consumers.
Perhaps more than any other factor, your assertiveness style can determine your success as a leader. Daniel Ames talks about the costs of getting assertiveness wrong -- and how you can get it right.
The accounting scandal of Satyam, one of India's largest outsourcing companies, seriously hurts investor confidence, not only for India but worldwide, says Professor Sudhakar V. Balachandran.
Unless GM feels a compelling need to change, it is highly likely to stay pretty much the same, as it has done for decades, in spite of clear evidence that things are not working well from an economic perspective.
How would you handle an ethical dilemma in your job? An international panel of students discuss real-life problems and solutions.
Before working at a venture capital company, I tried for years to figure out how to quickly determine if something is a venture capital investment or a private equity investment.
In an April 23 talk with students sponsored by the Sports Business Association and led by Matthew Hill '09, NFL Commissioner Roger Goodell discussed many of the major issues currently facing the National Football League.
As the nonprofit sector grows, there comes a greater need for leadership over bigger and more complicated enterprises. How can we change the way we think about and carry out leadership?
If I think too much about it, Nigeria scares me. But my nervous tension is dwarfed by the excitement that only a once-in-a-lifetime opportunity can create.
Will President Obama's cap on executive pay hinder leadership at top firms? Professors Nahum Melumad and Sudhakar Balachandran share their views.
Today's challenging context requires organizations to find real solutions to drive growth and make new ventures successful. Developed by Professor...
Building on the School’s many ties to the private equity industry, the new program will bring together students, alumni and prominent industry leaders. Read more...
Columbia MBA students’ turnaround strategies for Pier 1 Imports and Trump Entertainment Resorts earned two top awards at the 2007 Carl Marks Student Paper Competition. Read more...
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Mary Miller will oversee the recently consolidated admissions departments for the MBA and Executive MBA programs at the School. Read more...
The Wall Street Journal highlights Professor Joel Brockner's research on the importance of fairness during layoffs at the workforce. Read more...
The Columbia Senior Executive Program (CSEP), the flagship program of Columbia Business School Executive Education, is seeking nonprofit organizations interested in participating in the Positive Impact Project: an in-depth case study that provides a nonprofit organization with expert advice from leading business executives. Read more...
Professor Wouter Dessein participates in Keizai Koho Center Invitation Program for U.S. Business School Educators Read more...
Members of the winning team were Ahmad Bakri '10, Francesco Braggiotti '10, Erica Brailey '10, Micael Calatrava '10 and Alexandre Domange '10. Read more...
When it comes to putting on a circus, Paul Binder MBA '67 runs a ring around the competition. Read more...
Hugh Patrick, Director of Center on Japanese Economy and Business, was featured on the Columbia Business School's blog "Public Offering" in a post titled "GM's Plight Is a Slippery Slope for Toyota." Read more...
Over 700 alumni, professionals and students gathered to discuss emerging trends in the private equity and venture capital communities. Read more...
Raymond D. Horton, the Frank R. Lautenberg Professor of Ethics and Corporate Governance at Columbia Business School, is appointed the faculty director of Social Enterprise programs within the Executive Education division. Read more...
Professors Ray Fisman and Rakesh Khurana discuss the role of business schools and the current economic crisis. Read more...
The Edmond de Rothschild Foundations Partner with Columbia Business School and Scholars from Cambridge University Read more...
MBA students report on their social enterprise summer internships Read more...
In a candid discussion, Pandit attributed the recent economic turmoil to severe global imbalances and outlined the strategy for Citigroups recovery. Read more...
“The core is essential to preparing our students to analyze, decide and lead in an increasingly complex and global business environment,” said Dean Glenn Hubbard. Read more...
For the second year in a row, CBS teams were awarded both first and second place for their corporate turnaround strategies in the Carl Marks Student Paper Competition. Read more...
Out of a record field of 245 teams from 23 countries, a student team from CBS won the $25,000 grand prize at this year’s Global Social Venture Competition. Read more...
Professor Jonathan Knee suggests that the current financial crisis presents an opportunity for bankers to reflect on their career satisfaction. Read more...
Following the close of a difficult quarter, investors will be watching closely as Citigroup CEO Vikram Pandit ’86 continues his push to turn the company around. Read more...
Rejecting calls for Citigroup’s breakup, CEO Vikram Pandit ’86 has vowed to keep the world’s largest bank intact in order to preserve its wide international reach. Read more...
Professor Ray Horton advises those wishing to transition from for-profit into not-for-profit work to start by looking within their industry. “If you work for a private educational institution, you could go to a public charter school,“ he suggests. Read more...
Commenting on the Treasury Department’s plan to overhaul the regulatory framework for the financial system, Professor David Beim points out the difficult reality of forcing institutions to merge. Read more...
Professor Paul Ingram says an effective manager knows how to step outside of his or her comfort zone: “The fact that you are an excellent programmer or salesman...doesn't mean you can be a great leader outside of your technical or cultural expertise.” Read more...
During an Executive Education program designed for curators aspiring to become museum directors, participants gained insight into how others perceive them, an important component of leadership, says Professor Ray Horton. Read more...
Professor Michael Morris is quoted in a discussion of the pros and cons of gossip in the workplace: “’Our brains are hardwired for social intelligence — thinking and talking about the intentions and character of the other people in our groups. Employees use it to bond and to glean valuable information they can’t access through official channels.” Read more...
CEO Lloyd Blankfein said the firm pledges $100 million to provide 10,000 underserved women with education and mentoring in business, management and entrepreneurship. Read more...
Avon CEO Andrea Jung delivered the keynote address, emphasizing the importance of passion, humility, balance and social responsibility. Read more...
Joel Klein, David Saltzman and Russell Carson ’67 discuss how business skills can transform urban public education. Read more...
Professor Michael Morris is quoted in an article discussing gossip as an important mode of communication. Read more...
University trustee and Business School alumnus has won the top leadership position, following his recent promotion to chairman and CEO of the bank’s institutional clients group. Read more...
Tim Brandt ’09, Gary Kats ’08 and Stephen Walker ’09 won the University of Maryland’s first Mergers & Acquisitions Competition, topping a field of 10 MBA teams. Read more...
Relatively Speaking: A New Forum for Family Businesses Read more...
As America embarks on resolving today's most pressing social and environmental problems, Columbia Business School has been ahead of the game by joining a social community that brings together field experts and student entrepreneurs across social realms for opportunities to showcase concepts, network, and compete for cash prizes. Read more...
Case discussion on "Morgan Stanley: The Aftermath of a Merger". By Douglas Randall '08. Read more...
Columbia Business School is pleased to announce the launch of its new Master Class program. Read more...
By Michael Dwork '07. Read more...
The KPMG Peat Marwick / Stanley R. Klion Forum with Leo Hindery. By Kimberley Tait '07 and Michelle Savage '07. Read more...
Students traveled to Paris and Brussels over spring break to learn about corporate social responsibility and governance and trends in socially responsible investing. Read more...
John Mackey, founder and CEO of Whole Foods Market addresses students. Read more...
By Gautam Nivarthy '04 Read more...
By Diana Yousef '03 and Carol Yang '05. Read more...
Course consulting projects with Seedco's Lower Manhattan Initiative (LMI) program. By Diana Katz, Hermes. Read more...
The management that makes for flawless performances and star-studded seasons at the Metropolitan Opera and the New York Philharmonic, featuring Paul Guenther '64, Paul Montrone, PhD '66, Lillian Silver '88, David Gockley '72, Amy Nederlander-Case '92, Susan Jarrell '98, as well as alumni board members of arts organizations Read more...