Management & Strategy
Melinda French Gates enters the US most richest women list for the first time - 10/07/2021
A total of 56 women are among the richest people in the US, with a combined fortune of $564 billion. Those who made their fortune on their own are fewer in number. The richest Americans are predominantly men. However, women continue to hold on to their positions in the new Forbes ranking of the 400 richest people in the United States. Like last year, the new ranking includes 56 women (including...
United Airlines to lay off almost 600 unvaccinated employees - 09/30/2021
US airline United Airlines said in an internal letter that almost all of its 67,000 employees working in the US had been vaccinated against COVID-19. However, The Wall Street Journal reports that 593 employees have refused to be vaccinated and the company has initiated termination proceedings against them. The airline made the requirement for all American employees to be vaccinated at the...
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...