Business world today

Share to Twitter Share to Linkedin Thai Son Nguyen is a CEO and cofounder who has spent the last 16 years building a world-class e-commerce service provider through SmartOSC. The current business landscape is turbulent, complex and ambiguous. Of course, although the narrative continues, the biggest influencer of this has arguably been the Covid-19 pandemic, which amplified many challenges and forced organizations to stand face-to-face with the unknown. For a long time, we navigated a world where historical trends built context and gave us the ability to plan for what we knew as “probable outcomes.” We are now faced with the challenge of preparing for multiple potential futures and balancing the complexity of a world where anything can happen. Business leaders should make decisions faster than ever before while continuously evolving in order to stay competitive within the market. Even though the fear of the unknown has always been present, as we reach … [Read more...] about How Business Leaders Can Adapt To The Future Of Innovation

Share to Twitter Share to Linkedin Artiom Anisimov is the CEO of EOS Data Analytics , a global provider of AI-powered satellite imagery analytics for 20+ industries. Africa provides Western companies with a unique opportunity to become early entrants and establish businesses in promising niches. However, there are obstacles that entrepreneurs will have to overcome. Given the specifics of the business, economic and political environments, the African go-to-market demands meticulous and in-depth preparation. Our company, EOS Data Analytics, offers satellite-powered solutions to businesses and individuals around the world. Between 2020 and 2022, we entered the sub-Saharan region—namely Ghana and Nigeria—through established local partnerships. We faced a number of challenges and learned a lot about how to mitigate expansion risks. Challenge No. 1: Necessity For Local Presence A business that intends to enter a foreign country typically has two … [Read more...] about Four Challenges Western Businesses May Face When Entering The African Market

Share to Twitter Share to Linkedin “I’ve always been attracted to the momentum of institutions,” begins the art historian Tim Marlow. “I like a busy place. I want to bring different audiences and for them to have communal experiences in a shared space.” He clarifies: “This is what museums do best.” As director and chief executive of the Design Museum in London, a position he’s held since 2019, he’s in a prime spot to achieve this. I’m meeting Marlow at the museum west of the city in Kensington, housed in the former Grade II* listed Commonwealth Institute. A curious building with its place in time, it opened in 1962 to inform and educate about the Commonwealth of Nations. The listing notes say its founding came “at a critical moment in the evolution of the modern Commonwealth out of the old Empire.” Meanwhile, the design and displays conveyed a “sense of idealism and a new start.” It, therefore, feels like a fitting place to be occupied by a museum also … [Read more...] about What Is A Design Institution Today? London’s Design Museum Director Tim Marlow Considers

Share to Twitter Share to Linkedin With all the focus on automation, artificial intelligence and digitalization, it’s easy to assume that Industry 4.0 will displace opportunities for human workers in factories, mines, ports and other settings. In truth, while today’s jobs will evolve as Industry 4.0 technologies gain ground, the new skills required of the 4.0 workforce will create new job opportunities. It may also help alleviate labor shortage challenges. These new ways of working in the 4 th Industrial Revolution will give rise to streamlined, agile technology-augmented workforces that are safer, happier, healthier and better equipped to perform their jobs while driving new levels of productivity for the businesses who embrace it. Offloading the hazardous and harmful 400 metres underground, Finnish nuclear waste disposal utility Posiva is building a sustainable facility in which remotely operated robots will transport hazardous waste through underground … [Read more...] about More Than Machines: How Industry 4.0 Can Augment Your Human Workforce

Share to Twitter Share to Linkedin In its simplest form, empathy is an awareness or general sense of the emotions of other people. It is the ability to understand what others are feeling and imagine what they may be experiencing. Like any other ability we possess, we must develop and strengthen our ability to empathize through practice. But before we talk about how to strengthen our empathy muscle, let’s shatter three of the top misperceptions people have about empathy. #1: Misconception: Empathy requires you to take on the other person’s beliefs and values. Truth: Empathy is understanding why another person believes what they believe and values what they value, even if it’s different from your own. #2: Misconception: Empathy makes you weak. Truth: Empathy takes courage to acknowledge and sit with your own difficult feelings so that you can better understand and connect with those around you. #3: Misconception: … [Read more...] about The Empathy Muscle—It’s A Real Thing

PHOTO: New Zealnd's PM Jacinda Ardern - Bloomberg Its first Covid-19 new cases in 3 months has New Zealand reeling and Auckland, its biggest city, back on lockdown. The country went 102 days without a local transmission, until late yesterday with the announcement that 4 new cases were found in an Auckland household. A further 4 probable cases were identified today. Authorities are trying to stop spread to avoid the fate of nations like Australia, Vietnam and Japan, which after early success in containing the virus are now battling its resurgence. New Zealand became the envy of the world after it eliminated local transmission of Covid-19 with a strict nationwide lockdown in April and May, and its economy came back strongly once restrictions were lifted. Now, that recovery may be at risk as businesses close in Auckland and chances dwindle of the nation re-opening its borders any time soon. PM Jacinda Ardern today put Auckland, a city of 1.6 million, into lockdown for an … [Read more...] about New Zealand surprised by 4 new confirmed Covid-19 local transmissions

PHOTO: Sky Sports Red Bull will be grateful for the good PR today as British-born, Thai Formula One racer, Alex Albon, thanked the energy drink sponsors for their “faith” after he came third in last night’s incident-prone Tuscan Grand Prix, his first Formula One GP podium finish. The 24 year old finished in third place behind the Mercedes drivers to become the first Thai on the podium since 1950. His father, Nigel Albon is a former British racing driver who participated in the British Touring Car Championship and Porsche Carrera Cup. His mother, Kankamol, is from Thailand. The man Alex replaced in the Red Bull team, Pierre Gasly, won the Italian Grand Prix at Monza last week, putting additional pressure on the Red Bull team and their faith in the young Thai driver. Albon dropped into 7th place at one stage in last night’s race, battling his way back to a podium finish. “Thanks for sticking with me. The team has supported me since Day One. It’s really good to get a … [Read more...] about Thai Alex Albon scores podium finish in Tuscan Formula One GP

A tragic event took place in Nepal today, as a commercial plane with 72 people on board crashed and caught fire near an airport in the central region of the country. The Yeti Airlines flight, which was en route from Kathmandu to the popular tourist destination of Pokhara, crashed during its landing attempt. Social media posts captured videos of the plane flying low over a populated area before spinning out of control. Others showed heavy black smoke plumes from the crash site, with burning debris visible in some videos. The authorities have confirmed that, of the 68 passengers on board, at least 40 bodies have been recovered from the crash site. The remains of the plane were found in the gorge of the Seti River, just 1.5 kilometres from the airport. A large-scale rescue operation is currently underway, with hundreds of Nepalese soldiers working to find any survivors and retrieve more bodies. The plane is said to have broken into pieces upon impact, making the search … [Read more...] about 40 bodies found so far in Nepal plane crash

Share to Twitter Share to Linkedin Mentoring is a hands-on form of career development that can help boost internal mobility . Effectively using mentoring as a career growth tool can also help provide a supportive sense of community and connection at work. When that's not there, there's a higher risk of burnout. So, I touched base with three leaders spearheading successful mentoring programs to help you increase your team's career satisfaction and effectiveness. Here are three ways to make mentoring a fruitful tool. 1. Use creative methods and questions. According to the Association for Talent Development (ATD), forms of mentoring include: One-on-One Mentoring, Group Mentoring, Peer Mentoring and non-traditional mentoring forms like reverse mentoring (junior employee mentors a more senior professional) and speed mentoring. Pamela Mattsson, SVP of People and Organizational Development at Outreach, a sales execution platform valued at over $4B with … [Read more...] about 3 Simple Ways To Make Mentoring A Successful Career Development Tool

Share to Twitter Share to Linkedin CEO & Co-founder of Trullion , AI-Powered Accounting Software that automates accounting workflows for CFOs, Controllers & Auditors. Accountants love numbers. So it is with much consternation that accountants in particular and business professionals in general have noted the decline in the number of CPAs , especially in the U.S. In 2019, the American Institute of Certified Public Accountants (AICPA) most recent trends report showed that total projected accounting enrollments were down 4%, master's enrollments were down 6%, accounting graduates decreased by 4% and CPA Examination candidates had dropped by 7%. These are alarming statistics, and deserve an explanation. Moreover, the pandemic could be accelerating this trend. For example, many prospective accounting graduates currently in school have been forced to shift to an online or hybrid method of learning. Statistics show that retention rates … [Read more...] about Why CPAs Are Getting Rarer And Technology Is Not The Enemy