News

Even at its most over-the-top moments, the show Succession is a shockingly accurate portrayal of what succession can do to a family business.

Sal Lupoli, DMSB'88, owner of Sal's pizza, talks humble beginnings to his 120 location pizza empire.

Research by Juan Bu and Alvaro Cuervo-Cazurra shows that new ventures in emerging markets, initially created informally, suffer from costs that persist and constrain a firm's ability to innovate even after they formalize their status. As a result of these informality costs, informally created new ventures are more likely to develop imitative rather than innovative new products. However, being acquired by other firms and improvements in the national innovation system can weaken the persistence of these informality costs, resulting in more innovation. To explain these findings, Bu and Cuervo-Cazurra develop the concept of internal imprinting, which captures how the internal characteristics of a company result in the establishment of practices that persist over time, affecting behavior and innovation. Managers in emerging markets should consider formalizing their firms from the beginning or joining a private business group to mitigate the negative impact of informality on their firms' innovativeness.

Two sisters, Mia Boyan Lima, DMSB'25, and Sofia Boyan Lima, DMSB'28, co-founded a swimwear company together, “By Lima.” By Lima is a sustainable, affordable, high-quality swimsuit company.

Shaan Arora, Khoury'23/DMSB'23, has created a software company that builds a loyalty program featured on small business websites.

Northeastern graduate Danny Walsh's, COE'15, MBA'18, love of coffee has sent him down a journey he never expected to take. By combining his love for coffee and being healthy, he created the mushroom-infused Peak State Coffee. 

Once the capital of pastel shirts, white shoes and retirees, Miami's drive to become the next hub of finance is attracting record investments and a growing population of venture capitalists like 2013 Northeastern graduate Julian Jung, DMSB'13.

“I discovered this love for the city and that really narrowed down my choices,” he says. “Northeastern co-op program was very much the reason why I really wanted to go there and selected it, because it gave me not only the book knowledge, but also practical experience.” says Ramzi Yamusah who majored in biology and minored in business.

Behind the Lazzoni furniture store showroom is Northeastern grad Os Berke Kababulut, who is working on expanding his family's Turkish furniture business worldwide.

Northeastern professor Jamie Ladge interviews entrepreneur and jewelry designer Jennifer Fisher as part of the Women Who Empower Innovator Awards event held in the Raytheon Amphitheater on Northeastern's Boston campus.