MIT Sloan Prof. Emeritus Robert B. McKersie
From The Huffington Post
Recently we have witnessed the unfortunate sequence of legitimate and responsible protest actions being hijacked by those who use the crowd effect of many marchers as a cover for their criminal activities of looting and burning. This same juxtaposition occurred 50 years ago this summer in Chicago and there are some lessons to be learned — so history does not need to repeat itself.
It was clear that Chicago was in for a long hot summer when on May 22, 1965 the board of education reappointed superintendent of schools, Benjamin Willis — and in so doing, violated assurances that leaders of the civil rights movement had received that Willis would retire. Nightly marches from Buckingham fountain to city hall and the board of education soon followed — in some cases marchers were arrested for blocking traffic. During the third weekend in July, Martin Luther King arrived in Chicago and led a march of more than one thousand participants.
By far the most noteworthy marches were those led each evening by the comedian, Dick Gregory. On August 1 and 2 his group decided to march to the home neighborhood of Mayor Daley. A crowd of over one thousand neighbors gathered and the police, in order to avoid a major confrontation, ordered the 50 marchers to leave or be arrested. Gregory and most of his followers were arrested.
Soon thereafter on August 12 riots broke out on the west side when an undermanned fire truck killed a black women. At the height of the riot a police car was sent to the headquarters of the Coordinating Council of Community Organizations to bring the convener and civil rights activist, Al Raby to the troubled streets.
While any riot is lamentable, by comparison to the turmoil that occurred in the Watts section of Los Angles at the same time, matters in Chicago were quickly brought under control, largely due to the actions of the police and the leaders of the civil rights movement.
Read the full post at The Huffington Post.
Robert McKersie is Professor Emeritus of Management at the MIT Sloan School of Management.
MIT Sloan Associate Prof. Juanjuan Zhang
From Yahoo! Tech
It’s the Age of Social Media, and most companies are all in. They vie for likes on Facebook; they post pictures of products on Instagram; and they collect followers on Twitter and Weibo — China’s popular microblogging site — and regularly post about new services.
And yet, even as companies continue to spend time and money on social media, many are dubious about whether all that posting, tweeting, and retweeting has any effect on the bottom line.
My collaborators from Tsinghua University’s School of Economics and Management and I have just completed a large-scale field experiment on the Chinese microblogging service Weibo with a large global media company that produces documentary TV shows. We found that when the company posted about its shows, viewership rose 77 percent. Reposts by influential users, meanwhile, increased viewership by another third. The upshot: Social media platforms, like Twitter and Weibo, can have a significant impact on sales.
MIT Sloan Executive Director of Executive Education Peter Hirst
Earlier this November, the British-American Business Council’s New England chapter (BABCNE) hosted an inspiring event in Boston that brought together nine high-ranking foreign diplomats, members of international business associations and business leaders to discuss how innovation can increase productivity and income opportunities through cross-border participation. The fact that the event was organized by Susie Kitchens, HM Consul General of the United Kingdom is no surprise.
National Mind Shift
The UK is mobilizing a strong and quite deliberate push for innovation-driven business development—domestically and globally. And nowhere is this more evident than in London. As a British “subject” (yes, that’s still the term!) who now calls the USA home, I am struck by a truly seismic cultural shift taking place in Britain—the nation’s stereotypical attitudes toward risk-taking and shunning conspicuous success are at long last changing, and quite visibly. Having lived and worked in London for several years, I may be partial to its continuing progress as a major center of cultural, academic and economic influence, but the changes I see during every visit are undeniable. Especially so in the last couple of years.
MIT Sloan Professor Simon Johnson
From The Guardian
To reduce the persistently high unemployment rate in the United States, Congress should move to relax some of our current constraints on immigration.
This is a controversial idea because many people are under the impression that allowing in more immigrants would push up unemployment. But that would only be the case if the number of jobs in the US were an unchanging constant. Read More