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U.S. Gross Domestic Product (GDP) growth in the current business cycle likely peaked in mid-2018, supported by the Tax Cuts and Jobs Act of 2017 and the 2018 U.S. federal budget deal. Following tax reform, GDP reached 4.2% in June 2018 and has since decelerated towards its long-term trend rate of 1.8%. By our estimates, the economic effects of the tax cuts peaked in October 2018 and are now fading. The budget agreement still provides net support to overall economic activity, which will be reflected in GDP in early 2019, aided by the public construction sector, which rose 3.7% in…

As a Brand Manager at Kraft Foods, she has led several large cross-functional teams. During her time at Kraft, she implemented a successful turnaround strategy for one of the company's core brands, significantly improving volume and profit growth. She is an active author on a variety of organization building topics and regularly publishes articles on entrepreneurship, leadership, talent development, and global operations. She has also been a guest speaker at various business forums. There's more to her life than just work: Sudeshna Datta, Executive Vice President and Co-Founder at Absolutdata, is an avid dog lover, interior decorator, and passionate advocate…

Digital convergence will disrupt industries and jobs, but higher education in business through research and education is a key element in helping people and industries overcome the challenges of digital convergence and turn them into opportunities. We define digital convergence as the integration of physical, digital, and human resources resulting in an integrated digital and physical ecosystem. This is the future of business, and we need talented people to lead it well. Embracing this changing world is a must. D'Amore McKim School of Business will take advantage of the opportunities emerging from this changing world by discovering, designing, and delivering…

Today I’d like to provide a brief update about our company, our community, and the efforts we’re making to fulfill our mission. Airbnb's mission is to create a world where everyone can belong anywhere, and we are focused on building an end-to-end travel platform that covers every part of the journey. To achieve this goal, we are focused on building for the future, driving strong sustainable growth, and creating new businesses that will fuel our long-term success. In 2018, we experienced strong growth across the company. “Our core home business is experiencing strong growth — Airbnb Experiences is now available…

A version of this article appeared in the Spring 2019 issue of strategy+business. This interview is part of the Inside the Mind of the CEO series, which explores a wide range of critical decisions faced by chief executives around the world. John Foley is the CEO and cofounder of Peloton, a fitness startup whose US$2,000 stationary bicycles and high-energy classes have gained a cult following since its founding in 2012. Peloton is a rare New York–based “unicorn” — in August it raised $550 million at a $4 billion valuation. It has thrived by focusing on every aspect of its business…

Japan's Nikkei Shimbun recently interviewed Nintendo President Shuntaro Furukawa about Nintendo's business model and the future of the company. NintendoEverything translated the interview, and although it was a fairly short article, Furukawa's comments caused a bit of a stir in the gaming world, especially regarding the future fate of the House of Mario. The main cause of concern is Furukawa's comment that the company will not develop “traditional” game consoles in the future and will instead focus on smartphone games. But while it seems very unlikely that Nintendo will move away from console development completely, and even less likely that…

Financial cycle booms can end in crises and, even if they do not, they tend to weaken growth. Given their slow build-up, do they convey information about recession risk? We compare the predictive performance of different financial cycle proxies with that of the term spread – a popular recession indicator. In contrast to much of the literature, our analysis covers a large sample of advanced and emerging market economies. We find that, in general, financial cycle measures provide valuable information and tend to outperform the term spread.1 JEL classification: C33, E37, E44. Once financial cycles peak, the real economy typically…

To find the right technology to help transform its business, ARDIC tried different solutions offered by companies operating in Egypt. After testing multiple solutions, the company decided to implement IBM Planning Analytics to improve budgeting and planning efficiency and streamline project management. Soueif comments: “We initially considered off-the-shelf planning, budgeting and project management systems, but we quickly realised that our complex business model required a more versatile solution that could be customised to suit our unique needs. “We were impressed with the robustness and flexibility of IBM Planning Analytics. We also liked the fact that we could implement Planning Analytics…

Inspired by New Orleans and in a prime coastal location, Jadon Langone serves hot beer from his unique location on Bourbon Street. At just 23 years old, Mr. Langdon threw in real estate and construction jobs, unloaded shipping containers, built decks, and took advantage of 89 Barnett Street's prime views.Mr. Langdon had always been passionate about coffee, so he “nagged and nagged” the owner until he said yes.Coffee shop Rue Bourbon has one of the best locations in Buderim, overlooking the sea.Besides the car park, which is a 'Buderim product', the charm of the former vacant lot speaks for itself.”You…

Bryant University appoints new dean of business schoolBryant University recently welcomed Dr. Todd M. Alessandri as its new dean of the College of Business, who previously served as associate dean for undergraduate education at Northeastern University's D'Amore-McKim School of Business.Alessandri comes to Bryant at a critical time. In the fall, the College of Business will move into the 250,000-square-foot Business Entrepreneurship Leadership Center. In addition to classrooms, the newly renovated facility will feature lab spaces and centers, including the recently announced Frank '81 and Marion '81 Huck Sales Performance Lab and the Ellen Wilson Leadership Center. Other active learning and…