Management

Professor Nancy Hopkin’s keynote address at the MIT150 women’s symposia rocked the house. The molecular biologist, who is known for her research identifying genes required for zebrafish development and for her work promoting equality of opportunity for women scientists, traced the slow history of women’s advancement in academia and named the often invisible barriers to full equality.

Professor Nancy Hopkins

Professor Nancy Hopkins

Her 41-minute keynote at the Leaders in Science and Engineering: The Women of MIT Symposium, held March 28-29 on campus, identified sexual harassment and lack of mentoring as factors that cause leaks in the pipeline of women who are qualified to hold top academic posts.

Hopkins noted that until the 1960s there were virtually no women faculty because of a widespread cultural bias against hiring women. Nobel laureate Barbara McClintock could not get a faculty job in the 1940s—except in home economics departments—even though she was the top scientist in her field.

“We think of science as a meritocracy and to a great degree it is, but Barbara McClintock’s story shows that society beliefs can overpower merit. You could be the best in the world and still not be hired.”

The passage of civil rights law, federal affirmative action guidelines, and the women’s movement in the 1960s finally spurred academic institutions to hire women. At MIT by 1970 there were two women faculty in science and engineering and that moved up to 10 women by 1973 and then pancaked for a decade. More work was needed, she noted:

“In retrospect, it’s very obvious that not being able to get a job is a serious barrier to women’s advancement. Equally clear is that the early ’70s was a turning point that threw open the doors of universities and other workplaces to women. But what… has taken us nearly 50 years to understand is that…there were a series of obstacles to women’s advancement that were unanticipated and largely invisible. Furthermore, some of these obstacles were almost as effective at excluding women as the fact that they couldn’t get a job at all. It turns out that identifying these invisible gender based obstacles and removing them takes about 30 years. When you realize it wasn’t just one of them but several, it’s easy to see why the pipeline leaked and why women’s progress to the top has been so slow.”

Watch videos of Hopkins’ keynote and the other sessions for more.

N.B. The Wikipedia entry on sexual harassment recounts MIT ombudsperson Mary Rowe’s role in defining and fighting it.

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I’m not sure how they find the time, but Sloan students love to parody popular TV shows. Really, they’re quite good at it and have been doing it for years now. So for your Friday enjoyment, I give you Sloan Follies 2010: The Biggest Schmoozer, a spoof of, you guessed it, The Biggest Loser. Yes, it’s a year old, but still relevant and funny.

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Data on Easter bunny shipments.

Data on Easter bunny shipments.

A company co-founded by an MIT alumnus to track business shipping is reporting on a pressing contemporary issue: the decline of shipments of Easter bunnies in the runup to Easter.

According to Panjiva, shipments of bunnies to the United States has dropped off 33 percent in the past four years while Easter egg products jumped 21 percent in a single year, notes a Boston Globe article. You may not care much about the bunny market (chocolate or plush) or the fact that Guinness shipments quadrupled for St. Patrick’s day 2011 (compared to 2010), but you might be interested in how such assessments could help finetune a supply chain and boost business efficiency and profitably.

Panjiva was launched by MIT doctoral student James Psota SM ’06 in response to a need facing his friend, Josh Green. In 2005, Green was working at the electronics firm E Ink (a spinoff of the MIT Media Lab) when he was asked to find a component supplier in China. That was a difficult task—potential suppliers were plentiful, which to trust? Psota felt he could design software that would do for importing what Google has done for the Web: make search smarter, according to a FastCompany article. So he developed software that analyzes bills of lading for ships bringing goods to the United States, and the pair founded Panjiva in 2006.

These days, in addition to bunny futures, Panjiva’s research tracks detailed information from multiple data sources on 1.5 million companies in 190 countries. Recent results on the website show a modest uptick in global trade activity in March, for example, and you can check a product, say, wool sweaters,  in the TrendSpotting feature to see sales movements in the global marketplace. For Panjiva’s moment-to-moment takes on global markets, check their tweets.

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Lakshmi Balachandra MBA ‘04

Lakshmi Balachandra MBA ’04

Improvisational comedy offers valuable lessons to business, says Lakshmi Balachandra MBA ’04. An improv comic before working in venture capital and finance, Balachandra brought her spontaneous theater skills into the classroom during her MIT years. She taught improvisational leadership classes at the MIT Sloan School and you can see her work on the OpenCourseWare offering Dynamic Leadership: Using Improvisation in Business.

Improv teaches you how to think on your feet, she says, to accept the facts, and then build on them. All these are excellent business and negotiation skills. In a CNN article, she offers her five rules of improv:

  1. “Yes, and.” Accept a situation and then deal with it.
  2. Avoid asking questions. Continually asking questions makes other people do all the work.
  3. Listening. Focused listening is a crucial skill.
  4. Add information. Contribute if you want to guide the conversation.
  5. Eye contact. In the workplace it’s important to pay attention to body language.

Get more details in the CNN article, “Why using improvisation to teach business skills is no joke.”

Balachandra is now a doctoral student at Boston College. She recently won a Kaufman Foundation grant to support work on her dissertation, Pitching Trustworthiness: Cues for Trust in Early-Stage Investment Decision-making.

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Experts guides are part of a good university’s outreach program but when faculty experts shed light and offer facts on timely topics, that’s really good. The new MIT Sloan Experts Blog is doing just that.

sloan experts blog

Sloan Experts blog

Launched in February, the blog kicked off with Professor Tom Malone’s post on Solving Climate Change with Crowdsourcing, a commentary on the Climate CoLab project that has an online community of people worldwide “already creating, analyzing, and discussing detailed proposals for how to address global climate change.”

Recents posts probe the battle in Wisconsin between the governor and public-service employees. Professor Thomas Kochan offers facts that illuminate the issues including conflicting characterizations of public unions as either 1. the cause of states’ and cities’ financial challenges or 2. a scapegoat demonized by politicians who want to reduce workers’ wages and rights. “The Wisconsin virus: Some facts to control the spread” offers some data.

John Minahan PhD ’88, former pension consultant-turned MIT Sloan lecturer, takes on the intense politicization around whether public pension plans are adequately funded, especially whether current  actuarial rules can resolve that question. Read Debate about public pension plans should include understated funding levels for his take.

Read the MIT Sloan Experts Blog for these and other topics from Greece’s $100-plus billion bailout package last May t0 an overview of MIT Sloan Management Review’s articles about surprising sustainability boosts in a post-recession world.

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This post is part of a series from MIT students currently involved in the Student/Alumni Externship Program, which connects current students to alumni in workplaces worldwide during MIT’s Independent Activities Period. Alumni, learn how to get involved.

Guest blogger: Clara He MNG ’10, grad student in mechanical engineering
Alumnus host: Michael Daugherty ’07

Clara He

Clara He hard at work at a coffee shop with two other local entrepreneurs, Steven and Olof.

What does it take to be an entrepreneur?

To be frank, I don’t know. That is why I applied for the externship with Mike, who in 2010 founded Bespoke Row, which provides tailored men’s clothing online.

After so many internships and long hours sitting in an office yet not accomplishing much, I realized that being an entrepreneur seemed to be a good choice. Yes, why not? I always have so many ideas, and I’m good at doing business models. It wouldn’t be that hard, right?

Then I came to Beijing this January to see how Mike runs his company. Like most of the entrepreneurs, Mike is running Bespoke Row without an investor; therefore, we work at coffee shops since it’s very expensive to rent office space in Beijing. I used to think working in a café was cool and romantic (poisoned by romantic movies). Yet in reality, we have to bear with occasional heated discussions around us, unexpected renovation that goes on all day, and smokers. Mike has set up a Beijing working group, so we always have other entrepreneurs working together with us. I can’t imagine how troublesome it would be to work alone since no one is there to take care of your stuff when you want to go the restroom.

I talked to Mike before I came to Beijing. I really liked his idea of shopping online while designing your own style, but sales weren’t that encouraging yet. We made only one sale to a returning customer (he brought a lot though) after Christmas. Apparently, we need to let more people get to know us before seeing some real money. Mike told me he has been running Bespoke Row with his own savings for more than a year. But there are just so many things to spend on! Data analysis websites, SEO applications, not even mentioning the tailors and fabric suppliers.

See, this is the truth: it takes much more than just a great idea and a good business model to start a business. You need to endure low income or even no income for a long time, poor working environments, and heavy workloads—you will be busy and thinking about your business all the time! Worse still, you may fail.

Be prepared, being an entrepreneur is far from easy.

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MIT Sloan Sports Analytics Conference logo

If you love to think about sports and all the statistics associated with them, the fifth annual MIT Sloan Sports Analytics Conference—held March 4-5, 2011—wants to hear from you. This year, the conference is hosting the new Evolution of Sport (EOS) Address, a contest to discover the ideas that could someday change the face of sports.

Anyone can participate. Submit your idea that could later be presented in a 10-15 minute speech to the conference by January 20. Ten finalists will receive free conference tickets and record their presentation at the event—working with the EOS team to craft their speeches. Video presentations will be distributed via the MIT Sloan Sports Analytics Conference webpage; select presentations will appear on larger media outlets.

Daryl Morey MBA '00, general manager of the Houston Rockets, initiated with Sloan one of the first MBA programs with a sports analytics business class. He also cofounded the MIT Sloan Sports Analytics Conference.

Daryl Morey MBA '00, general manager of the Houston Rockets, initiated with Sloan one of the first MBA programs with a sports analytics business class. He also cofounded the MIT Sloan Sports Analytics Conference.

Check the rules page for more details.

The purpose of the conference is “to provide a forum for industry professionals (executives and leading researchers) and students to discuss the increasing role of analytics in the sports industry.” Since it began in 2007, the conference has been growing like crazy, doubling in size twice and moving from campus to the Boston Convention & Exhibition Center to accommodate more attendees—and even then there was a waitlist of 400 people last year.

Which means: if you’re interested in registering, cross your fingers and hope it hasn’t sold out yet. There’s a special price for alumni.

Featured speakers for 2011 include ESPN Columnist Bill Simmons, Author Malcolm Gladwell, U.S. Soccer Federation President Sunil Gulati, ESPN Commentator Michael Wilbon, and many more. Check out topics for panels as well.

New this year: the conference has expanded to two days, a trade show will showcase innovations related to the sports industry and offer a way for entrepreneurs to connect with businesses, and a poster session has been added to the expanded research paper track to accommodate more participants. Last year, research paper topics included omission bias in officiating, the value of blocked shots in the NBA, and a novel approach to fantasy basketball management.

Learn more about the history of the conference, including topics addressed each year.

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The Sloan School expansion during the early days

The early days of the Sloan School expansion.

I had the opportunity to tour the new Sloan building last week, and it’s pretty impressive. It’s been occupied since the beginning of the semester, and for the first time in decades, all Sloan faculty are together in one building, instead of spread among eight.

It connects to E52 and E60 and includes 205 offices, 6 classrooms, 30+ group study rooms, dining, an Executive Education suite, lounge areas, and new, usable outdoor spaces including a rebuild of Sloan Plaza. See other specs and learn more about the building (pdf, page 3) in this article from News@MITSloan.

There are lots of interesting touches, as you’ll see below. Other notables: there are both tiered and flat classrooms (the latter with an awesome array of mobile whiteboards) that can later be converted—tiered classrooms can become flat and vice versa. There’s underground parking for personal autos, Zipcars, and bikes. And showers and lockers allow students to easily change into business attire when necessary. Below, some of the other features of the new building on campus.

The new building, all grown up. Both entrances are so impressive that Sloan likes to say there are two front doors. This is the view from Main Street.

The expansion, all grown up. Both entrances are so impressive that Sloan likes to say there are two front doors. This is the view from Main Street. Architects were Moore Ruble Yudell Architects & Planners with lead designers Bruner/Cott Architects.

Located on the first floor, the 100 Main Marketplace is MIT’s most comprehensive retail food location, serving the Sloan School and the surrounding MIT community.

Located on the first floor, the 100 Main Marketplace is MIT’s most comprehensive retail food location, serving the Sloan School and the surrounding MIT community. The floor in this part of the building, shown in the lower image, is made of crushed beer bottles, just one of many green features. Sloan is waiting to hear about its LEED certification.

Fossils embedded in the granite.

The walls and stairs are made of imported Solnhofen limestone so old (155 million years, actually), you can see fossils in it, like those shown right.

Just about everything in the building uses smart technology, including the lighting and window shades, which help reduce the energy use of the building. Sunshades and screens on the southern façade, for example, maximize light while reducing solar heat gain and minimizing heat loss. Room temperatures will adjust if sensors detect people in them.

Just about everything in the building uses smart technology, including the lighting and window shades, which help reduce energy use. Sunshades and screens on the southern façade, for example, maximize light while reducing solar heat gain and minimizing heat loss. Room temperatures will adjust if sensors detect people in them.

This Sol LeWitt painting graces one wall. There is writing next to each ray.

This Sol LeWitt painting graces one wall. Writing next to the rays notes their positioning.

The spectacular view from a conference room.

The spectacular view from a conference room.

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TR35 logoThe TR35Technology Review’s annual list of the world’s top innovators under the age of 35—has just been announced. So, did anyone from MIT make the list? Why yes, yes they did. In fact, 40% of the list is made up of MITers—all are alumni with the exception of one, a fellow at the Whitehead Institute.

Here’s a rundown of young innovators changing the world in the fields of  medicine, computing, communications, electronics, nanotechnology, and more.

Timothy Lu

Timothy Lu ’03, MNG ’03, PhD ’08 was named to the 2010 TR35 list for his work engineering viruses to destroy biofilms.

Danah Boyd SM ’02: Shaping the rules for social networks

David Bradwell MNG ’06: Cheap, reliable batteries to store renewable energy

Wesley Chan ’00, MNG ’01: Building new technology businesses

Nick Feamster ’00, MNG ’01, PhD ’06: Watching the suspicious behavior of spam

Rikin Gandhi SM ’05: Educating farmers through locally produced video

Jacob Hanna (Whitehead Institute fellow): Reprogramming cells to cure diseases

Amir Alexander Hasson SM ’02: Using cell phones to supply rural shop owners

Timothy Lu ’03, MNG ’03, PhD ’08: Engineering viruses to destroy biofilms

Conor Madigan SM ’02, PhD ’06: Bringing down the price of OLED displays

Celeste Nelson ’98: Reconstructing tissue architectures from scratch

Michelle Povinelli PhD ’04: Predicting better photonic devices

Chris Rivest ’05: Printing cheaper solar cells

Mikhail Shapiro PhD ’08: Commercializing neurotechnology

Richard Tibbetts ’03, MNG ’03: Reacting to large amounts of data in real time

The elite list was selected from more than 300 nominees by a panel of expert judges and the editorial staff of Technology Review. The winners will be featured in the September/October issue of the magazine and at the EmTech@MIT 2010 Conference, held Sept. 21–23, where they will present—in 90 seconds or less—the inspiring work that landed them the honor.

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Interested in the newest research and ideas developed by faculty and grad students at MIT Sloan School of Management and contributors to the MIT Sloan Management Review? Look no further.

Sloan has created the Innovative Thinking Web page that lines up the newest work in these areas—Best Practices, Academic Research, and Books.

Best Practices Sampler

  • “Putting the Science in Management Science?” by a Center for Digital Business researcher Andrew McAfee ’88, ’89, SM ’90
  • “A Billion Brains are Better Than One” by MIT Professor Thomas W. Malone, author of The Future of Work
  • “Intellectual Capital: Jeanne Ross on the Center for Information Systems Research”—a podcast by the MIT Center for Information Systems Research director

Academic Research Sampler

  • “Missing Links: Referrer Behavior and Job Segregation” by MIT Prof. Roberto Fernandez et al.
  • “Econometric Measures of Systemic Risk in the Finance and Insurance Sectors” by MIT Prof. Andrew Lo et al.
  • “Bringing Entrepreneurial Ideas to Life” by MIT Prof. Ed Roberts ’57, SM ’58, SM ’50, PhD ’62 et al.

Books Sampler

  • 13 Bankers: The Wall Street Takeover and the Next Financial Meltdown (Pantheon) by Prof. Simon Johnson PhD ’89 and James Kwak
  • The Truth About Middle Managers (Harvard Business Press) by MIT Prof. Paul Osterman PhD ’76
  • Capitalism with Chinese Characteristics (Cambridge University Press) by MIT Prof. Yasheng Huang

Enjoy!

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