Technologies enable us to collect a huge number of indicators. The accuracy of numbers creates the pleasing illusion of no ambiguity, and our ability to receive and process them creates an equally pleasing sense of control. But there are times when metrics don't help a company achieve its goals, but rather drive it away from them. The danger of indicators comes when they are not just monitored to...

The Wall Street Journal (WSJ) reports that Walmart, a major US retailer, will create its own fintech startup led by former top Goldman Sachs executives. According to the newspaper, the startup will be a joint venture with venture fund Ribbit Capital, but Walmart will be the main owner. The paper's interlocutors said that one option being considered is to buy the neobank startup, but that the...

Amazon has scrapped plans to require its workers to work three days a week in the office when they return. Team managers will now be able to determine the number of days they work in the office and remotely. Amazon will give its employees more opportunities to work from home even after the company's offices resume operations next year. Individual team managers will determine how often employees...

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...

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 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,...

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 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 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...