Management & Strategy
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...
Bank of England staff will work in the office one day a week - 07/07/2021
From September this year, the Bank of England will change the working hours of its staff: most of them will only need to be in the office one day a week, all other days they will be able to work remotely. The change was announced by the bank's chief operating officer, Joanna Place. From the start of the pandemic until now, the majority of Bank of England staff have been working from home, with...
Apple explores possibility of decentralised work - 07/05/2021
Senior Apple executives expect the company to reduce its reliance on Silicon Valley, where the company is headquartered, in order to retain its workforce, Bloomberg reported, citing sources. According to the publication, Apple's recruiters are finding it difficult to find candidates with diverse backgrounds. Among the reasons Apple is considering decentralising its workforce, referring to high...
Three steps to change your life - 07/02/2021
To change, it is not enough just to want to change. Everyone who has tried at least once knows this. You need to understand how change happens, and more importantly, what prevents us from changing and why we secretly want to leave things as they are. To change, you have to want to change. And to do that, we need to understand why we resist change. Here are three ways to delve into the complex...
Buffett gives half his shares to charity - 06/24/2021
Warren Buffett reported that he has already fulfilled 50% of his promise to give away all his company's shares to charity. The value of the securities he donated is about $100bn - the 90-year-old billionaire has an equal amount left. Billionaire Warren Buffett said he has donated $4.1bn worth of Berkshire Hathaway shares to five foundations. With this tranche, he said, he has halfway fulfilled...
