Latest news with #GautamMukunda
Bloomberg
23-05-2025
- Business
- Bloomberg
Damage Here is Not to Harvard But to The US Says Mukunda
The Trump administration's decision to bar foreign students at Harvard University is seen as a blow to the US's standing in business and an advantage to elite rival colleges across the English-speaking world. The move is expected to have a chilling effect on foreign students, with many already thinking twice about studying in the US, and some considering alternative destinations such as the UK, Canada, and English-language programs across Asia. The decision is seen as a "devastating, self-inflicted wound" that will damage America's reputation and benefit the university systems of other countries, with many warning that it will hurt US competitiveness and undermine the country's influence in the world. Gautam Mukunda, Executive Fellow at Yale School of Management, joins to discuss the future of Harvard. (Source: Bloomberg)
Bloomberg
13-05-2025
- Automotive
- Bloomberg
Tesla Needs to Build a Culture of Safety: Gautam Mukunda
Gautam Mukunda, a lecturer of management at the Yale School of Management and Bloomberg Opinion columnist, says if Tesla doesn't focus more on safety, it risks becoming the next Boeing. Mukunda speaks with Caroline Hyde on 'Bloomberg Technology.' Mukunda's opinions are his own. (Source: Bloomberg)
Bloomberg
12-05-2025
- Business
- Bloomberg
Tech Stocks Rise on US-China Trade, Trump Talks Apple
Bloomberg's Caroline Hyde takes a look at the Nasdaq's return to a bull market following US-China trade talks. Plus, Ankur Crawford from Alger discusses how an easing of US chip curbs to China could help innovation. And Gautam Mukunda, a lecturer at the Yale School of Management, says Tesla risks becoming the next Boeing if it doesn't do more to focus on safety. (Source: Bloomberg)
Gulf Today
21-04-2025
- Business
- Gulf Today
Elon Musk and the dangerous myth of omnigenius
Gautam Mukunda, Tribune News Service Elon Musk's misadventures with DOGE might be the ultimate example of a powerful flaw in how we think about leaders. That's our tendency to believe skills and accomplishments are portable, that someone who excels in one venue will be just as impressive in others. I call this exceptional — if imaginary — superpower 'omnigenius.' In reality, though, success doesn't exist without context. While there's no pleasure in watching Musk make a mess of the US government, maybe it will help clarify the crucial link between the two. Musk and DOGE show how a leader can be empowered by the omnigenius fantasy. Musk has surely done remarkable things. For all Tesla Inc.'s current struggles, it transformed the automotive sector. And it's almost impossible to overstate SpaceX's revolutionary impact on the space industry. Once he joined the government, though, the story changed. In just one notable example, DOGE fired hundreds of employees at the National Nuclear Security Administration, the agency responsible for the production and security of nuclear weapons and management of nuclear waste sites. But the Trump administration reversed many of the cuts less than 48 hours later, when it became clear what these workers did and how important their roles are. 'The DOGE people are coming in with absolutely no knowledge of what these departments are responsible for,' said Arms Control Association Executive Director Daryl Kimball at the time. Similarly, cuts to programs providing healthcare for 9/11 responders and survivors were later reversed, as were those to Social Security offices. Even DOGE's website had to delete all five of its biggest claims to savings after media organisations pointed out they were wrong. Whatever you think of DOGE, we should all agree that accidentally damaging the agency in charge of American nuclear weapons is incompetent execution. And Musk isn't alone. It's become routine to see people with private sector successes deferred to as they regurgitate Russian propaganda on Ukraine or spread debunked anti-vaccine theories. This isn't just about business — the omnigenius myth runs deep in our culture. In Walt Disney Co.'s Marvel Comics Universe, Bruce Banner remarks that he has seven PhDs, an (absurd) shorthand for his multifold genius. (Having personally done just one, the prospect of earning a second could turn me into a giant green rage-monster, too.) On TV, how many times have you watched a character who's an expert in 'science,' do everything from sequence DNA to hack a computer? And don't forget the celebrities many of us trust to sell us everything from snacks to cars to prescription drugs. But outside of the arenas that brought them success, why do we listen to these people? And why should they get positions of power in areas where they have little knowledge or experience? The explanation lies in a cognitive bias known as 'the Halo Effect,' a phenomenon where having one major positive quality tends to skew our perception of someone's other characteristics. That's because we often correlate unrelated characteristics, such as intelligence, attractiveness, social skills and loyalty. So if someone is, for instance, particularly attractive, there's a tendency to rate them as more intelligent, even with no evidence to suggest that's the case. The halo effect makes us attribute success solely to the person, rather than to the combination of that person and the context he or she inhabits. But context is, virtually always, overwhelmingly important. This is why leaders who switch industries usually struggle. John Sculley sold soda brilliantly at PepsiCo Inc. but nearly derailed Apple Inc. Ron Johnson revolutionised retail at Apple, then tanked JCPenney. In both cases, the CEOs' latter companies lost more than half their market value during their leadership. Harvard Business School Professors Boris Groysberg and Nitin Nohria looked at people recruited from GE (at the time the pinnacle of American management) to be CEOs of other companies. They found that the leaders succeeded only when the challenges facing their new employer were similar to those they'd encountered at GE.
Bloomberg
27-03-2025
- Business
- Bloomberg
This Video Game Explains Why CEOs Keep Failing
What makes a company thrive? Bloomberg Opinion Columnist and Yale School of Management professor Gautam Mukunda says Baldur's Gate 3 is a masterclass. (Source: Bloomberg)
