Management & Strategy
Finding the best strategy in the Blue ocean - 07/19/2019
The "Blue oceans" are markets where there is no competition, but a new demand and opportunities for sustainable development and increasing profits. How to find a suitable approach to them? It is not easy for companies to achieve profitable growth in the face of tough competition. Why are some of them still able to achieve steady growth in both revenue and profit? The secret lies in the approach...
Bill Gates moves down to third place in Bloomberg Billionaires Index - 07/18/2019
French businessman, president of Louis Vuitton Moët Hennessy group of companies, Bernard Arnault moved up to the second line of the world billionaires list, pushing Bill Gates, the founder of the American technology corporation Microsoft, down to the third place. As the Bloomberg Billionaires Index (BBI) shows, Arnault has increased his net worth to $ 107.6 billion, and Gates has $ 200 million...
What are roadmaps and how to use them? - 07/12/2019
Ready-to-use, brilliantly realized product seems perfect. We only see the magnificent embodiment and we only look forward to a positive experience of use. What we do not see is how much work is invested in this masterpiece. And how many people and...
Bank of England Chairman Mark Carney can become Head of the IMF - 07/08/2019
European politicians are considering nominating Chairman of the Central Bank of Great Britain (Bank of England) for the post of Managing Director of the International Monetary Fund (IMF), Bloomberg reported, citing its sources. Born in Canada, Mark Carney has UK and Irish passports. If he is appointed, the almost 70 years-old tradition will remain, according to which the IMF is managed by a...
How to say Thank you and show appreciation at work - 07/05/2019
One of the deepest human needs is to feel their importance. One way to get confirmation of our importance is to hear thank-yous from colleagues. But in what form do such messages usually take? Three characteristics There are three characteristics that contribute to a stronger impact of praise, respect and recognition. 1. Directness The first element that enhances this kind of communication...
What's wrong with the 10,000-Hour Rule? - 06/28/2019
You probably heard about the 10,000 hours theory. It says that anyone can become a guru if he spends 10,000 hours doing something particular. The author of the idea, Malcolm Gladwell, relied on a research of the Swede Anders Ericsson, a professor at the University of Florida, the “grandfather” of research in the field of skills development. However, according to Ericsson, there are several...
Carlos Ghosn may go to jail - 06/24/2019
Carlos Ghosn, former Head of the Renault-Nissan-Mitsubishi alliance is now under home detention in his luxurious apartment in Tokyo. In spite of this, the top manager of the European and Japanese automakers once again is threatened with prison. Tokyo Prosecutor's Office is preparing to initiate another, the third in a row, criminal case against him. This time, the 65-year-old Ghosn could be...
Five tips for HR to work with former employers testimonials - 06/21/2019
In addition to traditional personal interviews, there are other opportunities to get information about your potential employee. One of them is getting feedback on candidates from previous employeers. Here are 5 tips to do it effectively. 1. Reassure those whom you ask for recommendation. It is important that the recommender does not have the feeling that he is holding the future of the...
Here's why continuous improvement is bad for your product - 06/14/2019
Each successful product prone to an insidious disease called "betterment", the main symptom of which is "insidious betterment". This disease seems inevitable, but there’s still a away to avoid it. Insidious betterment Suppose we create a wonderful, people-oriented product. It follows all the principles of good design, helps people solve their problems and satisfies some important needs. The...
Meta Leadership Primer: Switching Costs - 06/11/2019
Simply put, switching costs are the costs that will pass to the consumer as a result of changing products, suppliers or brands. The truth is that even though the vast majority of switching costs are expressed in a monetary way, there are other types of costs such as time-based, effort, and psychological. Let’s say that you want to switch your supplier. The switch cost will pass to the customer...
