Business

According to The Harvard Business Review, studies on organizational change show that if you want to lead a successful transformation, communicating empathetically is critical. However, most leaders do not actually know how to do it. In fact, a survey of over 200 leading company executives found that 69% of respondents said that they were planning to launch or are currently conducting a change effort. Unfortunately, 50% of these same executives said they had not fully considered their team’s sentiment about the change.

According to the Harvard Business Review, asking for a promotion can be nerve-wracking. How do you prepare for that conversation with your boss? What information should you have at the ready? And how exactly do you make your case?

In the year 794, Naomi Hasegawa's family started Ichiwa, a mochi shop, next to the Imamiya Shrine in Kyoto to feed pilgrims who had traveled to pray for pandemic relief. Over a millenium later, the shop still sells mochi to people struggling with a pandemic. How has it survived so long, through pandemics, wars, natural disasters, and the rise and fall of empires? By putting tradition and stability over profit and growth. 

Toyota was the leader in eco-friendly hybrid vehicles for many years, according to ArsTechnica. The automotive company had a fuel-efficiency edge over its competition. However, it has recently struggled to compete with companies that sell electric vehicles such as Tesla, Nissan and Volkswagen.

Toyota has made two critical choices. First, it tethered itself to hybrids. Second, it bet its future on hydrogen. But now governments around the world are moving to ban fossil-fuel vehicles of any kind.

Bloomberg News reports that according to Microsoft's Work Trend Index, which polled 30,000 people from a variety of companies in 31 countries and used trillions of data points, the majority of workers feel they are struggling or just surviving in pandemic work conditions and a large percentage are considering leaving their employer this year.

According to the Harvard Business Review, the higher leaders rise in the ranks, the more they are at risk of getting an inflated ego. The bigger their ego grows, the more they are at risk of ending up in an insulated bubble, losing touch with their colleagues, the culture and ultimately their clients.

The COVID-19 pandemic forced most professionals around the world to begin working from home in early 2020. Suddenly teams were separated and had to communicate over video call services. It’s hard to feel connected that way. And it’s hard to build relationships and maintain the trust that today’s business depends on. 

CNN reports that according to the International Air Transport Association (IATA), providing a single dose of a future coronavirus vaccine to all 7.8 billion people in the world will require the use of 8,000 Boeing 747 cargo aircraft, and that planning needs to begin now.

IATA's director general and CEO, Alexandre de Juniac, said in a public statement that "safely delivering Covid-19 vaccines will be the mission of the century for the global air cargo industry."

Unable to hold face-to-face meetings with potential investors, venture capitalists are seeking new ways to meet start-ups, including a service which arranges virtual meetings inside the video game, Fortnite.

Matchbox.vc matches technology investors with start-up executives through video game sessions in the hopes that companies will find their dream investment.

For many restaurants, receiving a Michelin star (or two, or three) is one of the best ways to gain world-class status in the culinary world. It is also guaranteed to attract international media attention and bring in new business.

Goldman Sachs has instituted a new diversity program based not on quotas but on hard data trends that uncovered why even progressive recruitment out of college hasn’t solved the problem. Women and minorities, it turned out, even when hired at the same rates as their white male counterparts, kept falling out of the pipeline. Attrition was enormous.

It comes in red, mustard and black, in sizes 6 up to 16; the Boohoo minidress is, according to the online retailer, "perfect for transitioning from day to play". It is not so much the styling and colour, but the price of the £5 dress which attracts thousands of the thriving retailer's U.K. customers to buy it.

The £5 dress epitomises a fast fashion industry that pumps hundreds of new collections onto the market in a short time at pocket money prices. On average, such dresses and other products are discarded by consumers after five weeks. 

Seikatsu Club is a huge food cooperative, founded in 1965 by a group of women in Japan, which has exacting standards on everything from radioactivity levels to the number of additives in food.

The key to inclusion is understanding who your employees really are, particularly those in underrepresented groups. One of the best practices for this is to segment employee engagement survey results by minority groups.

More and more people are feeling both tired and lonely at work. In analyzing the General Social Survey of 2016, close to 50% of people say they are often or always exhausted due to work.

What’s more, there is a significant correlation between feeling lonely and work exhaustion: the more exhausted people are, the lonelier they feel.

PwC and EY told a panel of British lawmakers they would mirror a change already underway at another Big Four accounting firm, KPMG, in a bid to end a “perception” of conflict between selling audit and consulting work to the same customer.

Consulting is better paid than audit work, raising concerns that an accountant won’t challenge a company’s management properly regarding an audit for fear of losing more lucrative advisory work.