MONEY FOR NOTHING: THE FIRST GREAT STOCK MARKET BOOM, FRAUD, AND CRASH
MIT Sloan Leadership Blog
by Belen Zuniga
3y ago
It was called the South Sea Bubble, and it was one of the most precarious financial crises in history. It was also the birth of modern finance. MIT Professor Thomas Levenson unfurls this sweeping tale of one of the greatest financial frauds in history in his new book Money for Nothing: The Scientists, Fraudsters, and Corrupt Politicians Who Reinvented Money, Panicked a Nation, and Made the World Rich. The book explores the connection between the revolutionary advances in science, unveiled in quick succession in the early 18thcentury, with the invention of financial capitalism. In the early 170 ..read more
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New Mobile Tool Comes to the Rescue of Small Farmers Around the World
MIT Sloan Leadership Blog
by MIT Sloan Fellows
3y ago
Venkat Maroju, SF ’07, believes that the only way to improve one part of an agricultural supply chain is to improve every part. With his radical mobile invention SourceTrace, he is proving out that theory. With software tools to help manage the growth and sale of crops as well as to purchase and track goods, SourceTrace has transformed agricultural supply chains across Africa and around the world. Venkat Maroju, SF ’07 As a politician in Telangana, the region in southern India where he was raised, Maroju observed the hardships associated with small-plot farming, the source of income for most ..read more
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Leadership Lessons In A Time Of Global Turbulence
MIT Sloan Leadership Blog
by MIT Sloan Fellows
3y ago
Johanna Hising DiFabio, Assistant Dean, Executive Degree Programs This is a year when just stopping our heads from spinning for a day is an achievement to be celebrated. In the leadership realm, however, the weary have been afforded little rest. Yet, this is what leaders train for and how they define their careers. This is an opportunity to think about the management of organizations deeply, scientifically, humanely, holistically—and to find our way through an unprecedented set of crises that are testing our systems and challenging us to accomplish more than we ever have. So, what better tim ..read more
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Acknowledge Uncertainty And Learn As You Go
MIT Sloan Leadership Blog
by MIT Sloan Fellows
3y ago
Antoinette Schoar, Stewart C. Myers-Horn Family Professor of Finance and Entrepreneurship at MIT Sloan “The foundation of successful leadership during turbulent times is trust—gaining it and granting it,” says Antoinette Schoar, the Stewart C. Myers-Horn Family Professor of Finance and Entrepreneurship at MIT Sloan. It sounds simple, but Schoar points out that this essential building block was not universally set in place by global leaders during the COVID-19 pandemic. “This crisis has introduced unprecedented levels of uncertainty into our lives, and we must be able to trust our leaders in ..read more
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Not Making Choices Is Choosing
MIT Sloan Leadership Blog
by MIT Sloan Fellows
3y ago
Retsef Levi, J. Spencer Standish (1945) Professor of Management at MIT Sloan and codirector of the Leaders for Global Operations (LGO) program “The operations of most enterprises and organizations during normal times are designed to address many sources of uncertainty,” says Retsef Levi, the J. Spencer Standish (1945) Professor of Management at MIT Sloan and codirector of the Leaders for Global Operations (LGO) program. “Airlines, for example, have plans to address weather uncertainty, and hospitals are prepared to handle variable loads on their emergency departments.” Levi explains that ope ..read more
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Two Inflection Points, One Strategic Vision
MIT Sloan Leadership Blog
by MIT Sloan Fellows
3y ago
  Mark Anthony Thomas, SF ’14 Pittsburgh Regional Alliance (PRA) President Mark Anthony Thomas, SF ’14, was recruited as a disruptor. “I’ve always been a nontraditional person in my roles,” says Thomas, “and leading the PRA is no exception. My appointment in 2019 came with a clear understanding that I would not be taking a business-as-usual approach.” As PRA president, Thomas is responsible for creating, developing, and executing the area’s economic development strategy to drive job creation and business investment. He spent his first four months on the job getting to know PRA’s 10-coun ..read more
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Navigating Turbulence With Clarity Of Purpose
MIT Sloan Leadership Blog
by MIT Sloan Fellows
3y ago
Percival Barretto Ko, SF ’11 “It’s natural to react to a crisis in a purely tactical manner,” says Astellas Pharma President Percival Barretto-Ko, SF ’11. “When you do, however, you risk losing the connection to your purpose, your story. By that I mean, what is the narrative thread of our company that carries us through periods of turmoil? If you have clarity of purpose, the same story line should serve you just as well in bad times as in good.” Barretto-Ko became laser-focused on narrative continuity in early January 2020 when he first heard news of the global spread of the novel coronaviru ..read more
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Catching The Updraft Of A Global Pandemic
MIT Sloan Leadership Blog
by MIT Sloan Fellows
3y ago
  Sarah-Kennedy, SF ’11 Calocurb Ltd. CEO Sarah Kennedy, SF ’11, clearly understands how fortunate she and her company have been in the time of COVID-19. The enterprise she leads is a New Zealand-based, business-to-consumer wellness product manufacturer with high profiles in Australasia, China, and the U.S. “Understandably, the pandemic has heightened everyone’s attention to health,” says Kennedy. “Our product lines support that, and our connections with customers are all web-based, so much of our business has continued as usual.” Which is not to say that Kennedy has ever taken her comp ..read more
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Landing A Jumbo Jet In A Hurricane
MIT Sloan Leadership Blog
by MIT Sloan Fellows
3y ago
Mikko Uusitalo, SF ’08 An aviation metaphor is particularly apt for the high-growth enterprise EDZCOM that Mikko Uusitalo, SF ’08, founded in 2014. The company—which operates the fastest high-performance private network systems in Finland for demanding environments such as energy plants, mining operations, and transportation hubs— counts Helsinki-Vantaa International Airport among its high-profile clients. Uusitalo and his team labored for six years to bring their venture to a cruising altitude that would attract a buyer in the global telecommunications sector. EDZCOM was on a glide path to ..read more
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Surfing The Waves Of Four Crises
MIT Sloan Leadership Blog
by MIT Sloan Fellows
3y ago
If you ask Rocio Fonseca, SF ’14 , how she is tackling the present crisis, don’t be surprised if she retorts, “Which one?” Before the onset of the COVID-19 pandemic, Fonseca, Chief Innovation Officer of the Chilean Economic Development Agency (CORFO), was navigating three other nationwide challenges—severe economic inequality, social unrest, and the climate crisis. The stakes on each are high. Chile must rapidly innovate its way out of 200 years of institutional siloing or face even more serious economic, social, and public health and safety consequences. Rocio Fonseca, SF ’14 “Leadership mu ..read more
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