London Business School on Gaining and Using Power
Power shapes every interaction. Powerful people get their way often, we’re generally nicer to them, and we listen to them. So how do you get power and use it? Power is a zero-sum game and complicated to discuss. However, for London Business School Associate Professor Ena Inesi, that’s what makes it so appealing to study.
Empathy and Power, According to Northwestern Research – Chicago News
Let’s explore some of the most interesting stories that have emerged from Chicago business schools this week.
How Much Empathy Do You Feel When Powerful People Suffer? – Kellogg Insight
Northwestern Kellogg assistant professor of management and organizations Nour Kteily recently co-authored new research with Cornell University assistant professor Brian Lucas that explores how much empathy people experience when the factory floor worker suffers a pay cut compared to when the executive’s six-figure salary gets lobbed off.
Kteily writes, “The prevailing view has been that anti-egalitarians do not have it in them to empathize, and egalitarians are empathetic toward everyone.
Kteily’s research found that “when people read about victims with lower social status, egalitarians consistently expressed more empathy than people with anti-egalitarian views did. But when they read about victims with a higher socioeconomic standing, the opposite occurred. Participants who strongly favored a social hierarchy expressed more concern for victims like the wealthy executive than the egalitarians did.”
You can read the full article here.
Friend or Foe? Notre Dame Conference Explores Ethical Considerations of AI – Mendoza Ideas & News
Notre Dame University’s Mendoza College of Business recently announced “Artificial Intelligence and Business Ethics: Friends or Foes,” a fall 2018 conference sponsored by the Chase Manhattan Lecture Series, that “will explore the ethical issues arising from the use of AI in business and larger culture.”
Associate teaching professor in Mendoza’s IT, Analytics, and Operations Department Timothy Carone, who organized the conference, writes:
“The reason AI is so important is that it can make and implement decisions that heretofore were the purview of humans only. Over time, these decisions set up a pattern and it is this pattern we call ‘ethical behavior.’ We have only begun to explore the ethical implications to businesses of using AI to replace human decision-making and understand how to manage the new risks that come with this transformation.”
Featured speakers include:
- Daniel Fagella, the founder of daily newsletter TechEmergence, which serves as an industry source for business applications of AI.
- Martin Fiore, EY Americas Tax Talent leader who has explored the implications of AI in the tax, audit and talent acquisition areas.
- Otto Berkes, the chief technology officer for CA Technologies, one of the largest independent system software companies in the world.
- Ryan Welsh, founder and CEO of Kyndi, a venture-backed software company that is changing the paradigm of machine intelligence and how it’s used to solve some of the world’s hardest problems.
You can read the full article from Mendoza here.
Alan Dershowitz Shares His View on Key Legal and Ethical Issues – Gies College of Business News
High-profile lawyer and frequent contributor on FOX News and CNN, Alan Dershowitz, whose distinguished career in law has encompassed high-profile celebrity clients like Mike Tyson, Patty Hearst, and O.J. Simpson, visited the University of Illinois this past April.
Controversial lawyer and political personality Alan Dershowitz recently spoke at the University of Illinois / Photo via NYT
Dershowitz used his lecture as an opportunity to “discuss and to answer questions about freedom of speech, professional ethics, attorney-client privilege, and a range of other topics,” such as “media issues, attorney-client privilege, conflict of interest, and comparative ethics” with students from the Gies College of Business and the U-IL College of Law.
“Ethics are very situational. As lawyers, we’ve all be told things by our clients that we can’t sleep at night keeping as secrets. You feel you have to tell somebody. And you can’t. I can’t tell my wife or my children. You go to the grave with these secrets. And if you don’t want to do that, you can’t become a very good lawyer.”
You can read the full article here.
Berkeley Haas Debuts Dialogues on Race Seminar Series
Discussing race, identity, and power among colleagues can be a tough hurdle for any group, but the new Berkeley Haas School of Business ten-week, student-led seminar entitled “Dialogues on Race” is leading students to a more welcomed environment to do so.
The Race Inclusion Initiative surveyed MBA students and found that despite the fact that the vast majority “believes that understanding racial dynamics is a key component of effective leadership, less than 50 percent say they are comfortable talking about race.”
“Dialogues on Race” co-facilitator Liz Koenig, MBA ’18, believes, “The ability to reflect on identity and power is a core competency, certainly for being a leader of any kind, or a manager of human beings. My hope is that we get to a place where this is considered core to the fabric of any MBA program.”
Koenig, co-facilitator Om Chitale, MBA ’18, and faculty sponsor Assistant Professor Drew Jacoby-Senghor, “actively recruited a broad cross-section of students,” which ultimately yielded a 60/40 racial and ethnic breakdown similar to that of the US. “We didn’t want to end up in a situation where there was anyone who felt like they had to speak for a group,” adds Koenig.
Students who participated in the seminar were prompted to share reflections about when they first began to understand their racial identity, as well as “past experiences talking about race, and hopes and concerns for the class.” Anne Kramer, MBA ’18, offers, “We were there to understand differences and then have a dialogue about them.”
As someone who identifies as both black and Pacific Islander, Erin Gums, MBA ’18, and VP of Diversity of the MBA Association, explains that she had “thought about and talked about race her entire life—but was not having those conversations with her white peers.”
“Issues of race and racism are so complex and messy—there’s no one approach or one good way to solve it. If it were that simple we would have figured it out by now. There are many roles we need people to play to address systemic issues,” Gums said.
She adds, “I have chosen to be in the business world and be a business leader, and I have chosen to play a role in pushing for a less racist society. My fluency with these topics is going to be greater than that of people who have just started thinking about these issues for the first time in their lives, and that’s okay.”
Adrian Williams, MBA ’18, remarked on the evolution of the seminar’s goals over the ten-week span. “At first it was giving people practical, tactical tools on how to attack issues of diversity and inclusion outside of the classroom. Over time, we realized some of the issues were a lot more nuanced than we thought. It also became apparent that I had some blind spots that required me to think through some of my arguments.”
Of the seminar’s overarching goals, Chitale concludes, “Businesses have power and influence in society. If we can get business leaders to be open and vulnerable on ideas of identity and power and privilege, I truly believe that’s going to have an impact on society.”
Columbia Breaks Down How To Get More Power In High Pressure Situations
Staff from the Columbia Business School recently discussed a new study co-authored by professor of management Adam Galinsky, which examines how high pressure and power—particularly a lack thereof—can impact performance.
