The Strategist
Management & Strategy

Bloomberg lists the world's richest families - 09/20/2021

Bloomberg has ranked the world's most weatlhy families. According to the publication, the Waltons, the owners of Walmart, topped it with a fortune of $238.2B. The stores chain was founded by Sam Walton nearly seventy years ago. Nowadays, there are over 10,500 stores in the world and the company has $559 billion in revenues.    Other top 10 richest families include:   • Mars family,...

Four levels of business communication - 09/10/2021

Communication helps build interactions between different groups and organizations. Conversations, especially in a business environment, often follow the same patterns. There can be four types of such communication patterns, and a leader should help the team to move from one stage to another, depending on the tasks at hand. Loading Loading language is often used in formal meetings. It is...

Amazon to hire 55,000 skilled employees in the coming months - 09/02/2021

Amazon plans to hire 55,000 new employees in the coming months, in addition to last year's massive hiring spree, and in this case we are talking about office workers and technology specialists. Amazon CEO Andy Jassy told Reuters about this in an interview Wednesday, his first big interview since taking the post in July. Amazon plans to hire about 40,000 employees in the U.S., 2,500 in the U.K.,...

Nike gives a week's leave to all employees to "rest and recover" - 09/01/2021

Nike granted a week's holiday to all employees at its US offices in August. The company took the step to allow staff to "rest and recover" from the coronavirus pandemic. American apparel and sports equipment manufacturer Nike in August granted a week's leave to all employees at its headquarters. This was revealed by the company's senior global marketing manager Matt Marrazzo in a post on...

Three prejudices about business strategy - 08/13/2021

Companies spend a great deal of time meticulously developing strategic plans. But most executives estimate their success rate of 25% to 35% at best, while less optimistic experts cite a very low 10%. Why is it so difficult? Let's take a look at the major myths about business strategies. Prejudice 1. Implementation means following a plan Strategic plans don't always survive a clash with reality....

Why workaholism is dangerous and what to do about it - 08/06/2021

Workaholics experience an uncontrollable urge to engage in work. They feel a conflict between their passion and other areas of life. Let's find out what the dangers of workaholism are, how to recognise it in yourself and what to do about it. The term 'workaholic' was coined in 1971 by psychologist Wayne Oates, who described the 'uncontrollable need for continuous work' as an addiction....

Blizzard changes head managers - 08/04/2021

US company Blizzard has dismissed Allen Brack as president and appointed two executives at once - Jen Oneal and Mike Ybarra. Ms Oneal previously headed Vicarious Visions (which is now part of Blizzard), while Mr Ybarra worked at Microsoft for 20 years and was vice president of the company's gaming division before leaving. The company said in a statement that the new executives will work...

McDonald's sets up new department to work on app and loyalty system - 07/27/2021

McDonald's fast-food chain has announced creation of a new division, the so-called Customer Experience Team. It will combine work on the McDonald's app and the recently launched MyMcDonald's Rewards loyalty scheme and will also include marketing, digital services, data analytics and several other teams. The division will be headed by Manu Steijaert, the previous vice president of some...

Employees start fleeing Credit Suisse, senior manager forced to apologise - 07/20/2021

Employees have started fleeing the Middle East and African offices of European bank Credit Suisse, Bloomberg says. Analysts cite resentment at the style of Bruno Daher, head of the Middle East office, as one of the reasons. According to the publication, at least five senior and 20 junior employees have quit the Credit Suisse Middle East branch since the beginning of 2019. As a result, Daher,...

Simple rules to apply science of persuasion - 07/16/2021

Some people seem to possess a magic wand when it comes to persuading others. In reality, it's not magic, but a science that can be learned. The human brain has three layers. The bottom one, the reptilian brain, provides the "hit or run" response. The middle layer, the mammalian brain, is the reservoir of emotion. The upper one, the primate brain, is responsible for rational assessment of the...
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