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“Even the largest companies will take their time adopting AI,” argue Donald Sull and Charlie Sull in a guest essay. “But cultural analysis is one of the few areas where it can be embraced right now” econ.st/49uFbUw 👇

And now in chart form! Tech's step back on Glassdoor's Best Places to Work for 2024 opened up space for industries like consulting, finance, retail & manufacturing to regain ground.

Similarly, this has also led to fewer Bay Area-headquartered companies featuring on the list:

What actions should #managers take to help alleviate the #nursing crisis? @Culturexinsight @mitsloan
▶️ mitsmr.com/3QmZOeC

Spent time today updating our forecasts of RN supply and demand in California, and then took another look at this: sloanreview.mit.edu/article/how-so…

Very aligned with what we see in the data. There are plenty of new enrollments, but the stress is showing and many RNs plan to change jobs.

We just launched the Nursing Satisfaction Index with MIT Sloan Management Review based on 150k Glassdoor reviews written by US nurses since COVID began.

The interactive index ranks 200 large health care employers based on how nurses rate leaders, toxic culture, workload and other aspects of job

A good overview of the state of the #nursing workforce - is there a shortage?

My California data says 'yes but it will end as new grad numbers catch up with the COVID resignations'. In the short-term, it's rough for employers, esp. hospitals.

statnews.com/2023/10/16/nur…

Pharmacy technicians rank dead last out of 159 occupations in terms of job satisfaction post-COVID. And #pharmacists are 8th from the bottom.

Based on analysis of 17 million U.S. Glassdoor reviews from beginning of COVID through end of June 2023.

@Walllgreens CVS Pharmacy

Super clear headed and insightful discussion of strategies to create and capture value with AI from ⁦Pierre Azoulay⁩ and ⁦ezrazuckermansivan.bsky.social⁩ youtu.be/NCVbeRh_Xwc

Am delighted to share a new piece in the Atlantic on the theme that “immigrants create jobs” (1/1)

theatlantic.com/ideas/archive/…

We have seen much about Bob Lucas' macro contributions these days, but he also had a highly influential contribution to the theory of the firm: the 'assigment theory of the firm', which explains, for instance, why Musk earns so much (and controls so many resources).
THREAD

Neat paper teasing apart the relative importance of cognitive inertia versus founder's ability to drive change through credibility, ownership stake, relationships with stakeholders.

Planning MIT Sloan Management Review webinar on corporate culture next Thurs (April 27th) at 11 am Eastern

Let me know if there are any topics/questions you would like us to cover

Finalizing the session this weekend, so plenty of time to incorporate your suggestions

events.sloanreview.mit.edu/mitsmr/buildin…

I wrote a bit more about this example and the value of plotting more of the data
statmodeling.stat.columbia.edu/2023/04/03/whe…
Now with another version of these plots

Neat paper analyzing free text of shareholder letters from 150 large US companies 1955-2020

Shows how stated goals (s/h value, ESG, etc) evolved over time

Even if goals are cheap talk, can provide insight into stakeholder pressures CEOs face over time

www-nber-org.libproxy.mit.edu/papers/w31054

Econofact, which is a great website and podcast, just posted a short memo on uncertainty. With the SVB meltdown many measures of uncertainty are spiking again, so hopefully this is a useful overview.

econofact.org/understanding-…

Here's the real story of #SiliconValleyBank , as told the boring way through tedious analysis of balance sheets and SEC filings 🧵