Andrei Hagiu

How can businesses leverage technology while staying client-focused? Edward Jones offers a case in point. Richard Ryffel, our executive director of business leadership, recently shared a case study on the firm’s #AI strategy during Professor Deniz Yavuz ’s fintech class at the Daniels School of Business. With staff joining both in person and virtually, the session showcased how innovation and collaboration drive success in financial services. For more, read the full blog post on Daniels Insights: https://lnkd.in/gCUWJerU

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The titans of silicon have long defined technological progress. But as I argue in my recent Binghamton Herald piece "Prompt Power: Why Prompt Engineering Beats Chip Engineering?", we're witnessing a fascinating inversion. While chip manufacturers chase marginal gains at astronomical costs, prompt engineering is quietly revolutionizing computing efficiency. The math is compelling: A 3nm node upgrade offers ~15% performance improvement, yet thoughtful prompt architecture can reduce computation needs by 60-70% while improving output quality. Are we entering an era where semantic optimization outpaces silicon scaling? As Dr. Saumendra Mohanty, my colleague and thought collaborator, often emphasizes: "The future of computing lies in understanding thought itself and that’s where data analysis is leading” and “how corporate culture and education will both completely transform in the coming time.” The semiconductor industry isn't fading—but perhaps the next quantum leap in computing efficiency will come from mastering the dialogue between human and machine, not from shrinking transistors. Read More about this: https://lnkd.in/g_PGiiFM Curious: How do you see this balance between hardware and semantic optimization evolving? #FutureOfComputing #AIOptimization #SemiconductorIndustry #PromptEngineering #Innovation #promptengineering #finetuning AI Forum Anthropic Mastering LLM (Large Language Model) Artificial Intelligence Artificial Intelligence Forum (IAF) Artificial Intelligence Student Forum Prompt Engineer Collective

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Our paper on resource search strategies of emigre Russian entrepreneurs fleeing war, co-authored with Onajomo "Ona" Akemu, just got selected as one of the Top 40 Papers at the 2024 Babson College Entrepreneurship Research Conference, and will now feature in the 2024 edition of Frontiers of Entrepreneurship Research (FER). Really appreciate that my institution Shiv Nadar University, Delhi-NCR, School of Management and Entrepreneurship allows me the time and space to do the kind of work I am interested in. #Entrepreneurship #BCERC2024

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📢 This week in our IB@Manchester seminar series, Prof. Chang Hoon Oh (The University of Kansas School of Business) shared fascinating insights into how investors evaluate large-scale labour protests in China’s emerging markets, using a unique dataset from 2011-2012. Drawing on social movement and signaling theories, Prof. X revealed that rights-based protests (defending legal rights) positively influenced market responses by signaling alignment with institutional changes like the Social Insurance Law. This reduces ambiguity and boosts economic stability. Key takeaways? The presence of active labor NGOs, local government prioritization of social harmony, and firms aligning with state-driven changes amplify these effects. #China #EmergingMarkets #InstitutionalChange #Investments #Research #SocialMovements IB@Manchester @ib_manchester (Twitter) Alliance Manchester Business School

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We're looking forward to discussing why #Fusionstrategy unlocks value trapped in analog modes of operations that have existed for almost a hundred years. We have seen digital shifts in "information goods" and now know the winners and losers. Incumbents misread the weak signals, and the digital natives stole a march. Will the same trend continue in "industrial sectors?" How could real-time data and AI help those manufacturing physical products across a large swath of the global economy create and deliver more value to their customers? Please join us tomorrow if you have time.

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AI in Context – an Interdisciplinary course     What an excellent idea!  Starting from the History of Intelligence, they move on to the Rise of the Machines, then shift gears to Philosophy and AI, then Art, Music, and AI, and finally, language and AI. Imagine the possibilities if the course content, the reading material, and the learnings from the course are made public. Others can learn from and build on much-needed interdisciplinary courses such as these, sparking a wave of innovation and collaboration.        Fun fact:  For all the cricket fans, Professor Vishal Misra co-founded CricInfo, which is now https://lnkd.in/gWAu_Hmb!           #AI #Pedagogy  #Interdisciplinary 

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In this era of generative AI, there is a natural tendency to question everything. Tinglong Dai and I offer our opinion on generative AI's implication for the current job market and the graduating class of 2024. Read the full piece here: https://lnkd.in/dmZ-zVa8

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“Leading Disruptive Innovation in an Uncertain World” Strategic Finance Magazine by Scott D. Anthony (The Tuck School of Business at Dartmouth; Thinkers50) and Mark L. Frigo (DePaul Driehaus College of Business). A conversation with leading thinkers on disruptive innovation and long-term value creation.  CFOs can use the ideas discussed in this article to take a leadership role in creating long-term sustainable value in a rapidly changing and uncertain environment. This article is part of the Creating Long-Term Sustainable Value Creation series launched by the article Creating Long-Term Sustainable Value by Mark L. Frigo and Dominic Barton. #innovation #disruptiveinnovation #valuecreation #change

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A study by Columbia Business School Professor Jesse Schreger uses large-scale data to better estimate where money in Europe comes from — and where it goes, gaining deeper insights into Euro Area financial integration. Learn more: https://lnkd.in/dS8a3QPX

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At this week's Thursday seminar, postdoctoral fellow Lukas Freund from Columbia University's Business School visited us! He gave a very interesting speech on the importance to include coworker interdependencies when analyzing workers in relation to productivity and labor market inequality. This novel approach, which emphasizes the importance of teamwork in firms and contributes to further understand the relevance of coworkers’ complementarities in production.

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In the Strategic Finance Magazine article "How to Lead Disruptive Innovation in an Uncertain World" by Scott D. Anthony (The Tuck School of Business at Dartmouth; Innosight) and Mark L. Frigo (DePaul Driehaus College of Business) we discuss how to integrate Disruptive Innovation with Strategic Valuation as described in "Strategic Valuation in the New Economy" (Strategic Finance, October 2021) by Mark L. Frigo with Jeffrey Madden and how to consider Strategic life-cycle analysis (as described in "Strategic Life-Cycle Analysis: The Role of the CFO" (October 2020) by Mark L. Frigo and Bartley J Madden) in the context of leading disruptive innovation for long-term value creation.

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🎧 Spend Time with One of the World’s Top Economists: Daron Acemoglu 🎧 Please listen/watch this terrific episode of Economics Matters, where I sit down with MIT’s Daron Acemoglu—arguably the world’s top economist. Despite his brilliance, Daron remains down-to-earth, humble, and insightful. We discuss automation, AI, development, conflict, networks, and the sustainability of democracy. Don’t miss it! Watch/Listen here: https://ow.ly/WiaU50TwKmE #Economics #DaronAcemoglu #LarryKotlikoff #AI #Automation #EconomicDevelopment #Podcast

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Will consumers ever adopt electric vehicles (EV)? With the #Rivian manufacturing plant construction on hold, and consumer adoption and EV infrastructure not quite there, Prof. Alok Saboo (Dept. of Marketing) explores the opportunities and costs involved. https://t.gsu.edu/44nPWGJ #TheStateWay #Research #RobinsonTake #ElectricVehicles #ElectricCars

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Can patents boost consumer perception and increase corporate value? Find out in our latest paper, "Corporate Patenting, Customer Capital, and Financial Market Outcomes," published in the Journal of Financial and Quantitative Analysis with open access. We find that companies having more and higher quality patents can positively impact customer perceptions of product novelty and quality. Our research also shows that patenting influences firm performance and financial market valuation through enhanced customer capital. To establish the causal effect of patenting on customer perception, we leverage the random assignment of patent examiners to review patent applications. Read the full article here: https://lnkd.in/eWeh34XC Coauthored with Mine Ertugrul, Bo Xu, and Qianqian Yu.

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In the article "How to Lead Disruptive Innovation in an Uncertain World" by Scott D. Anthony (The Tuck School of Business at Dartmouth; Innosight) and Mark L. Frigo (DePaul Driehaus College of Business) we discuss how to integrate disruptive innovation with strategic valuation as described in "Strategic Valuation in the New Economy" (Strategic Finance, October 2021) by Mark L. Frigo with Jeffrey Madden which discusses the importance of investments in intangible assets in driving valuation of companies. It is a qualitative and analytical process to develop and validate assumptions in traditional quantitative valuation cash flow models. It’s driven by a three-step process: (1) Strategy analysis using the lens of the Return Driven Strategy (RDS) framework; (2) Intangible assets analysis using RDS; and   (3) Strategic life-cycle analysis (as described in "Strategic Life-Cycle Analysis" The Role of the CFO" (October 2020) by Mark L. Frigo and Bartley J Madden) The Strategic Valuation process poses key questions from the Return Driven Strategy framework (as described in the book DRIVEN: Business Strategy, Human Actions and the Creation of Wealth by Mark L. Frigo and Joel Litman), including how disruptive innovation can help to target value-creating customer needs. (1) What are the otherwise unmet customer needs our offerings fulfill? (2) For how long will the customer needs exist? (3) How are those needs changing? (4) How valuable and valued are these needs to our customers? These questions will help the company determine its profit margins and pricing power, which are key assumptions in traditional quantitative valuation models. https://lnkd.in/eYBjUDiH?

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A framework for measuring business schools. Societal impac - impactful!

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The M.S. in Mathematical Data Science at USC Dornsife offers rare advanced training and unparalleled, hands-on experience in an ever-increasing field. From A.I. to finance, healthcare, sustainability and more, nearly every industry relies on data for strategic advantage. The demand for data scientists with a deep understanding of machine learning and advanced statistics will only grow. USC Dornsife's new Mathematical Data Science Master's Program not only prepares graduates for these coveted roles but gives them an edge over the competition. https://lnkd.in/gdFTrpsm Learn more: https://lnkd.in/gDAfzUnS

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How to Be an AI-Savvy Leader with David De Cremer, Dean at D'Amore-McKim School of Business at Northeastern University and author of The AI-Savvy Leader: Nine Ways to Take Back Control and Make AI Work. https://lnkd.in/ersX6FRp

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