Share to Twitter Share to Linkedin Miami-Dade county taxpayers must be wishing Miami Marlins owner Jeffrey Loria had stuck with his original game plan. MIAMI, FL - MARCH 06: A general view of the new Marlins Ballpark shot throught a fishtank behind ... [+] home plate during a game between the Miami Marlins and the University of Miami Hurricanes at Marlins Park on March 6, 2012 in Miami, Florida. (Image credit: Getty Images via @daylife) For years Loria ran a low-budget baseball franchises and made a fortune by successfully maneuvering through Major League Baseball's financial system. Loria's strategy: rely on welfare from richer baseball teams and every now and then spend enough to have a contender (the Marlins defeated the New York Yankees in the 2003 World Series ) so fans stay at least somewhat interested. During the five years through the 2011 season the Marlins posted a staggering $153 million in aggregate operating income. But … [Read more...] about Miami Marlins Have Become Baseball’s Most Expensive Stadium Disaster
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TikTok CEO Shou Zi Chew’s Prepared Comments Before Congress
Share to Twitter Share to Linkedin Topline Amid growing global concern over the social media platform, TikTok CEO Shou Zi Chew will testify before the House Energy and Commerce Committee Thursday, where U.S. lawmakers are expected to question Chew over safety concerns for minors and preventing U.S. user data from foreign access. Key Facts In Chew’s first appearance before Congress, he’s expected to discuss the company’s privacy and data security practices, as well as the company’s relationship with the Chinese government, which has come under increased scrutiny in recent months. Prepared Remarks Chair Rodgers, Ranking Member Pallone, and Members of the Committee: Thank you for the opportunity to appear before you today to talk about TikTok and our mission to inspire creativity and bring joy to more than 1 billion people worldwide. I look forward to discussing what makes TikTok so special to the diverse audiences it serves, as well as our … [Read more...] about TikTok CEO Shou Zi Chew’s Prepared Comments Before Congress
The Trifecta Of Trust For Sustainability Data: Assertions, Assurance Reports And Audits
Share to Twitter Share to Linkedin Martha Amram is CEO of GLYNT.AI, which produces enterprise-grade sustainability data for finance and sustainability teams around the globe. 2023 is a transitional year for sustainability data. IFRS, the global accounting standards body, has been remarkably clear: By January 2024, companies should be using accounting-based standards to report sustainability data. This enables the key wins investors want: reliable sustainability data, ready for comparisons over time and across companies. In a previous article, I focused on " The Three A's Of Investor-Grade Emissions Data ." These are qualities of sustainability data that investors demand: accurate, actual and audit-ready. Investors are frustrated with current practices—the use of estimates instead of actual data, the lack of third-party reviews and the incredible variety of company reporting practices. But the quality gap in sustainability data cannot be … [Read more...] about The Trifecta Of Trust For Sustainability Data: Assertions, Assurance Reports And Audits
How To Measure And Improve Cycle Time
Share to Twitter Share to Linkedin Valentin Buzea CTO & cofounder of Waydev . Cycle time serves as the speedometer for engineering teams, providing valuable insights into their development process. By measuring and improving cycle time, teams can accelerate innovation, stay ahead of the competition and attract and retain the best talent. In the realm of software development, cycle time is the duration it takes for a team to complete a full cycle of development, encompassing all the necessary stages, such as design, development, testing and deployment of a software application or feature. This metric is a key performance indicator for development teams to gauge their efficiency and optimize their processes for faster delivery of high-quality software. Keeping this in perspective, cycle time can be described as the duration in which code remains "in-flight," although the definition may vary based on an organization's workflow. For some … [Read more...] about How To Measure And Improve Cycle Time
Facing Resistance To Innovation? Try These 5 Strategies
Share to Twitter Share to Linkedin Nacho is CEO of BairesDev , a nearshore tech solutions company and General Partner at BDev Ventures, a VC fund for B2B businesses. There's no doubt that we're facing some challenges right now. And with so much uncertainty—economic and otherwise—it's natural for businesses to want to be conservative with their resources and strategies. There's often pushback against innovation, anyway, and many organizations may think that now is not the time to take risks. In fact, innovating is exactly what businesses should be doing right now. Businesses that focus on "avoiding the downside" risk underperforming compared with their more innovative peers, according to McKinsey research . It's critical to keep moving forward, not just focusing on survival but looking toward growth and new ideas. It's understandable, of course, that you might face pushback to innovation. If this is a challenge you're coping with, try … [Read more...] about Facing Resistance To Innovation? Try These 5 Strategies
Why Executives Need To Pay Attention To Strategic Innovation
Share to Twitter Share to Linkedin Daniel Saunders is the CEO of L Marks . He is a technologist-turned-investor and an experienced advisor in applied innovation. For most businesses, innovation means commercializing what the R&D department invents. This approach results in what is called "sustaining innovation," where you refine your offering each year, making small but consistent gains. But focusing solely on sustaining innovation closes you off from "strategic innovations" that can disrupt markets by offering something completely new. Complacency over the difference between these two types of innovation has led successful companies to struggle, as a business can become irrelevant overnight in the face of disruptive innovations. Strategic and sustaining innovation differ significantly in the types of solutions they produce, the timescales they work toward and the level of economic returns. Businesses that have mastered different forms of … [Read more...] about Why Executives Need To Pay Attention To Strategic Innovation
Why A Company Is Like A Cyborg, Or The Importance Of Finding The Right People And Choosing The Right Technology
Share to Twitter Share to Linkedin Aaron White is the CTO and Co-founder of Vendr. A serial entrepreneur, Aaron is based in Miami, Florida. A cyborg is defined as “a person whose physiological functioning is aided by or dependent upon a mechanical or electronic device.” Just like the cyborgs from sci-fi novels and films, a successful organization is made up of people aided by machines. As businesses shift more responsibility and production to the technology-led side of the equation, acquiring truly efficient software should take on the same importance as hiring good people. The High Cost Of Finding People Who Make A Difference While Layoffs.fyi tracked over 125,000 lost jobs in the tech space so far this year alone, it's estimated that turnover and replacement costs for an organization with 100 employees making an average of $50,000 can reach $2.6 million annually. An easier approach could be to empower and support the people already on … [Read more...] about Why A Company Is Like A Cyborg, Or The Importance Of Finding The Right People And Choosing The Right Technology
3 Ways Your Nonprofit Can Mitigate Inflation Challenges
Share to Twitter Share to Linkedin I am the CEO of MEBO International ; the leader of Skingenix; and co-founder of the Human Heritage Project. When inflation begins to rise, for-profit businesses have an easier time mitigating the adverse effects. For instance, an online apparel brand may raise prices or shipping rates to cover economic fluctuations. However, it can be more challenging for nonprofit leaders to figure out how to navigate a world of increasing costs while still achieving their mission. What specifically makes nonprofits particularly vulnerable to inflation? For one, many nonprofits focus on meeting with their supporters and donors in person. Even if those meetings occur locally, they can be logistically and financially demanding. And if the meeting is a large event, like a 5K race or gala, it can end up being more expensive as inflation grows. Another point of vulnerability is that though nonprofits can ask for bigger … [Read more...] about 3 Ways Your Nonprofit Can Mitigate Inflation Challenges
Three Steps To Build The Future Of Nature
Share to Twitter Share to Linkedin Don’t Rescue It – Design And Engineer It Through Experimentation At Scale The future has a way of sneaking up on you if you don’t have an open mind. Ten years ago, my colleague Peter Kareiva was talking about genetically engineering meat – and I thought, “That’s never going to happen in my lifetime.” And now look where we are . So what’s the future of nature? Many people answer this question by immediately assuming the worst – that human activity (led by climate change) is likely to destroy nature and all of us who depend on it. We need to pose the question as a prompt to creative thinking instead of despair. Only an open, innovative mindset will allow us to seize all the opportunities now before us. And that openness starts with being open about what nature itself is and can be. Step One: Accept That We Are Experimenting with Nature at Big Scales, and Do So Intentionally The first step in thinking … [Read more...] about Three Steps To Build The Future Of Nature