UCLA Anderson Easton Technology Management Center

Each year, the Global Access Program (GAP) sends teams of talented MBA professionals around the world to work with select technology companies, with one goal in mind: to find new growth opportunities in the United States market to take a company to its next level of development.

Cheers to the Class of 2024!

Congratulations to all UCLA Anderson graduates! The UCLA community celebrates your dedication and achievements with immense pride!

Join us today for the live stream ceremony with Anderson's 2024 commencement speaker Andy Campion (B.A. ‘93, ‘03) Former, Chief Operating Officer and Chief Financial Officer of Nike, Inc.. https://www.youtube.com/watch?v=AquwbrS2P_0

Congratulations to Veronica Pellegrino!
You may remember Veronica from the 2023 Easton Technology Management Center Cross-Campus Innovation Challenge who went on to win third place in the health care track.
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Nurse invents pill-pack-opening device to boost efficiency, comfort, safety for fellow nurses Breadcrumb Home News & Insights Nurse invents pill-pack-opening device to boost efficiency, comfort, safety for fellow nurses UCLA Health Innovation Challenge, one source of resources and funding, is open to employees, volunteers, patients – anyone with a good idea in health care. Veronica Pellegr...

Digital payment systems can reduce transaction costs of receiving and sending money, and speed up the flow of information, thus enabling borrowing and lending. Because digital cashless payments can be tracked and verified, they can make it easier to borrow money and help lenders to price their loans.

Such a system is particularly beneficial to households that do not have sufficient collateral to qualify for borrowing under the traditional models of lending.

Cashless Payments: Faster Transactions, Easier Borrowing and Increased Household Income - UCLA Anderson Review System provides digital record of payments for India’s vast self-employed ranks, satisfying lenders, and raising the likelihood of starting a business

Esposito finds that inventors who lose an early-career collaborator go on to produce 8% fewer patents relative to inventors who lose a collaborator between the ages of 45-59. When the co-inventors had multiple patents together, the loss of a young collaborator is felt even more, with a 13% drop in future patents for the surviving collaborator, relative to when a midcareer repeat collaborator dies.

A Case Against Experience as a Central Driver of Innovation - UCLA Anderson Review Are older inventors weighed down by obsolete knowledge? Young inventors don’t carry that burden

In a working paper, UCLA Anderson School of Management's Keith Chen and MIT Sloan School of Management’s David Atkin and Anton Popov track 425,000 cellphones around Silicon Valley, through 218 million episodes in which two seemingly unrelated workers cross paths in coffee shops, transport depots, bars, apartment complexes, schools, restaurants, doctors’ waiting rooms and other locations away from their own offices between September 2016 and November 2017.

Focusing on encounters unlikely to represent planned meetings, the researchers estimate how much of the region’s new patent activity is due to chance encounters between workers of different firms.

The Role of Chance Encounters in Silicon Valley Innovation - UCLA Anderson Review Cellphone signals and patent citations approximate a theory’s long-sought paper trail

In conversation with Poets&Quants' Editor-in-Chief John Byrne, UCLA Anderson School of Management Professor Daniel Benjamin shares how his research quantitatively measures a person’s well-being, and how using genomic, economic and location data enhances our understanding of behavior.

Goodbye, GDP. Behold the Well-Being Index. UCLA Anderson’s professor of behavior economics and genomics Dan Benjamin weighs aspects of human well-being across the U.S. as part of this fascinating interview.

Watch Now: https://bit.ly/3WBXPqr



UCLA Anderson School of Business

Fascinating to see the number of tech-driven companies in this year's Knapp Competition. Congratulations to everyone involved don't lose that innovative spark!

In the working paper, UCLA Anderson School of Management’s Henry Friedman, MIT’s Andrew Sutherland and University of Mannheim’s Felix Vetter compared student major choices in undergraduate business schools with entry-level wages in related fields and firm-level investment in software. Specifically, the researchers used American Community Survey data for college majors from 2009 — when the Census Bureau began collecting data on majors — to 2019 and Bureau of Economic Analysis data on industry investment in software, as a proxy for a sector’s overall technological resources.

Technology’s Hidden Role in the Accountant Shortage - UCLA Anderson Review Software that saves time and money may paradoxically be resulting in a shortage of accountants

"I’m thinking through ways to launch more tech companies. Anderson has a fantastic tradition of launching consumer-oriented companies. We have a lot of successful food and beverage entrepreneurs, for example, which is fantastic. I think that’s important and don’t want to shut that down. That’s one of our strengths. But there’s also a real opportunity on the tech side, and I think tech entrepreneurs should find Anderson equally supportive. We’re still working on the right way to do that."

Professor Olav Sorenson
Faculty Director, UCLA Anderson Business Creation Program

“I’m hoping over the next couple of years to integrate UCLA Anderson School of Management's Business Creation Program with our undergraduate minor in entrepreneurship. Undergraduates would benefit tremendously from involvement with MBA students, and MBA students would benefit from the opportunity to manage and lead.”
— Professor Olav Sorenson, Faculty Director, UCLA Anderson Business Creation Program
https://www.anderson.ucla.edu/news-and-events/startup-culture

When we talk about leadership preparedness in an increasingly tech-driven world, this is exactly what we're talking about.

Kudos UCLA Anderson Fink Center for Finance!

Last month, the UCLA Fink Center for Finance hosted a webinar discussing how AI and Finance are intricately linked, with AI technologies transforming various aspects of the financial sector, from trading to customer service. As AI continues to advance, it promises to enhance financial forecasting, optimize investment strategies, and streamline operations through automation. However, this integration presents challenges such as data privacy concerns and job displacement, emphasizing the importance of understanding and managing its implications for the future of finance.

Special thanks to our panelists for contributing to this engaging discussion with incredible UCLA Anderson School of Management experts. To watch the webinar recording, please click on the link below.
https://ucla.box.com/s/1axjxx84k5qske8b8rkw0y5okwete2ss

Nothing more exciting than hearing of our alumni's technological successes and innovations! |

Congratulations to Pavel Azeletskiy ('22) and his company VSOptima on establishing partnerships with leading technology service providers, including NTT Data and Mphasis, to consolidate efforts in bringing process digital twin technology to the market. VSOptima is a SaaS platform for digital twin process optimization, accelerating the decision-making cycle.

The company recently implemented a pilot for a large retail company in Canada, creating 200 store operations digital twins, and has progressed to the final round of the esteemed Creative Destruction Lab Accelerator, marking a significant milestone in their development. Additionally, they conducted an exclusive workshop for the Ohio State University Center of Operational Excellence, focusing on value stream simulation and operations digital twin technologies.

Amazing growth and progress from our Accelerator alum! 🚀
UCLA Anderson School of Management UCLA Alumni UCLA V.S. Optima

The upside of the is productivity growth thanks to new technology that drives higher wages and higher GDP:

"While our view of AI and robotics is that the impact will be felt after 2026 because technology adoption tends to take time, current tight labor markets could accelerate that."

UCLA Anderson Forecast Sees Restrained in 2024 Growth but No Recession Los Angeles (March 13, 2024) — The UCLA Anderson Forecast ended 2023 ringing an up note as its December forecast asserted that the long, lingering possibility of a recession had faded because of expansionary fiscal policy, new national industrial policy and a national consumer base that continued...

Leadership preparedness in an increasingly tech-driven world - kudos to our colleagues at The Riordan Programs on providing outstanding opportunities for young innovators!
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Thrilled to be partnering with our friends and colleagues at the UCLA Anderson Price Center for Entrepreneurship & Innovation on this one!

Join the Venture Accelerator and distinguished alumni companies as they showcase their latest tech advancements at the Easton Technology Management Center's Innovate Conference on Friday, January 26th!

Explore the latest frontiers of innovation, driven by advances in artificial intelligence, and other game changing technologies.

Register: https://www.anderson.ucla.edu/about/centers/easton-technology-management-center/innovate-conference

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Congratulations to the newest cohort of the UCLA Anderson Price Center for Entrepreneurship & Innovation's Venture Accelerator. This year 1/4 of the cohort are tech-based! Love to see it.

Bolstered by esteemed faculty, accomplished alumni and cutting-edge technologies, UCLA and UCLA Anderson School of Management help to nurture brilliant concepts into successful commercial ventures.

Tonight we come together as a community to celebrate those efforts. Tune-in live starting at 4pm: https://ucla.in/3QymU1V |

In China, patent data shows commercial banks’ use of new technologies helps improve efficiency and reduce risk

Can Banks, Disrupted by Fintech, Adopt New Habits, Too? - UCLA Anderson Review

This is definitely a must-see! Our friends and colleagues UCLA Anderson Price Center for Entrepreneurship & Innovation have worked hard to expand their annual showcase to include startups from across UCLA.

Venture Accelerator Innovation Showcase 2023 Encompassing all of UCLA’s entrepreneurial ecosystem, this showcase will draw viewers from a variety of investment communities.

Kudos UCLA Anderson Price Center for Entrepreneurship & Innovation for hosting the SoCal Startup Tech Ecosystem Roundtable at UCLA Anderson School of Management.

In his column for Business Leader, Professor Chris Tang writes about how China is helping EU and UK to achieve its goal on EV adoption.

He argues that in order to meet United Kingdom and the European Union ambitious adoption targets, they should embrace those affordable EVs made in China. While China is too late to compete in the combustion engine cars, they may stand a chance to dominate the EV market, which as of 2023, China is leading in this market.

Race to carbon neutrality: Why UK and EU must look to China for affordable EVs - Business Leader News Chris Tang, a Professor at the UCLA Anderson School of Management, reveals how Chinese-made EVs could help the UK and EU go green.

Google’s parent company, Alphabet, and Amazon have considerable claims to innovation, but neither built out its sprawling corporate presence of today solely with homegrown ideas or talent. They made scores of major acquisitions. Does their approach to M&A provide a road map for how a successful tech disruptor goes on to become a giant?

Two Tech Giants — and Two Very Different Acquisition Strategies - UCLA Anderson Review Alphabet’s M&A feeds its core business; Amazon’s more likely to push into new areas