As COVID-19 continues to spread, hospitals in the hardest-hit areas operate at near capacity. Professor Elliott N. Weiss believes that understanding capacity management and other fundamental concepts in operations can help us make sense of the current crisis and invites us to examine it through the lens of operations.
Epidemiology and economics: A smart containment strategy for COVID-19 could save the U.S. economy $10 trillion. Here: the effects of states easing lockdowns, putting a (literal) price on individual vs. societal costs of the disease, how to get the economy running and what changes to expect long-term, and why public health measures are so important.
A feeling so common it has an acronym: fear of missing out. But what happens when activities are unavailable due to the coronavirus? Lalin Anik, an expert on consumer behavior and social connections, discusses FOMO in the pandemic: how it’s changed shape, the effect on mental health, and how we may balance it with risk aversion as states open up.
The convergence of racism, economic downturns and public health crises reflect wicked problems in complex systems fraught with inequality. Enduring strains of racism play out overtly and subtly, both violently in the streets and systemically in the workplace. So what now? Laura Morgan Roberts offers three zones of action as we move forward.
The coronavirus pandemic of 2020 has hit global trade and investment with devastating force and speed. Why did the world fail to learn the lessons of SARS, H1N1 or other major disruptions? What’s behind the fragility in supply chains that can derail global trade and transactions when the unexpected strikes? How can we guard against future shocks?
How Jeep and Bill Murray responded to a pandemic: a popular Super Bowl commercial for an SUV reincarnated as a message encouraging consumers to stay home and off the road. Here are an expert marketer’s observations of how brands shifted when faced with an integral shift in the way the world did business and people lived their lives.
COVID-19 is a disaster for public health and the economy. Yet there may be a glimmer of a silver lining for the natural environment: By year end, the globe may see the biggest dip in carbon emissions on record. Investment in next-generation clean energy now could restore jobs, provide new ones, drive economic growth and lock in environmental gains.
Long before the coronavirus pandemic, advances in artificial intelligence (AI) were already causing unprecedented changes in work and business. Now, the world’s top thinkers on the economics of AI — Daron Acemoğlu, Diane Coyle, and Nobel Prize winner Joseph Stiglitz — are drawing new lessons from today’s crisis.
Darden Professor James Naughton calls the situation facing multiemployer pensions — plans in which workers from various employers pay into a single plan — a disaster, largely due to a combination of inadequate funding and risky investing. The impact of the chronic underfunding could be far-reaching.
In the wake of the killing of George Floyd and national protests for racial justice, businesses and leaders are working to embrace a defining moment for racial equality.