Management & Strategy
Danske Bank's Head resigns because of money laundering scandal in Estonia - 09/19/2018
Thomas Borgen, CEO of Danske Bank, acknowledged imperfection of the credit institution's internal control systems and resigned. This decision coincided with publication of the results of the investigation of money laundering through the Estonian branch. Since the investigation did not find fault with Thomas Borgen, who has been heading the bank in 2013; he will continue to serve as CEO of Danske...
How to turn your business into a well-oiled machine - 09/14/2018
Excellent leaders are not philosophers, not entertainers, not performers and not artists. They are engineer. They perceive the company as a mechanism and pedantically work on its preservation and improvement. They create process flow sheets to show how this mechanism works and to evaluate the action plan. They develop indicators to clarify how effectively each of the components (mainly people)...
Carney stays with the Bank of England to help through Brexit - 09/11/2018
Chairman of the Bank of England Mark Carney will remain at the lead of the Central Bank for six months longer than the previously set deadline, and will retire at the end of January 2020, according to the Bank’s press release. According to the rules, Carney's term expires at the end of June 2019, but he will remain in office to ensure a smooth exit of the country from the EU. "In this crucial...
Alibaba founder is going to resign - 09/10/2018
Founder and head of the Alibaba Group, Jack Ma, will resign from his position of the executive chairman of the company's board of directors in a year, in September 2019. His duties will then be transferred to the company’s CEO Daniel Zhang, who will continue to hold both posts. Jack Ma made this announcement on Monday, on his 54th birthday. In an open letter to clients, shareholders and employees...
3 things that drain your energy - 09/07/2018
We all know what it's like to feel tired. Usually, it occurs after a sleepless night, too active rest or long hours of work. But there is something wrong if fatigue persists constantly. Chronic lack of energy turns us into passengers swimming along the course of life. How can we recharge? Energy and surroundings Accumulation of things is akin to accumulation of emotional problems. It is a...
Getting it right: How to invest in start-ups - 08/27/2018
Most of modern corporations have realized a simple fact: if your company does not introduce new technologies, its chances of becoming uncompetitive in the very near future are very high. But this problem will become apparent only after the event, when the company finds itself on the verge of a disaster. Until recently, the most common way to support innovation was to create your own R&D...
The secret of recruiting the best - 08/24/2018
Claudio Fernandez Araos, an expert in selection and development of top managers, told about how to recruit outstanding people to work on your project in his book “It's Not the How or the What but the Who”. So, what is the secret? Steve Jobs said once: "If you take a taxi to ride through Manhattan, there can be twice a difference between the worst and the best taxi driver: the best will take you...
How to become, and stay, focused - 08/17/2018
To be attentive means to focus on what you are doing. This skill can be used anywhere and anytime: when driving a car, reading, talking, solving a problem, servicing machines, working alone or in a team. Yet, the most important thing in focusing is that it cannot be achieved by coercion. Tricks of focusing it is impossible to concentrate when you are desperately trying to do something....
New study: Average UK employee has to work for 160 years to earn their CEO's salary for one year - 08/16/2018
The average income of heads of the largest British companies was 145 times as many as the average salary of employees in 2017. In 2016, the figure was 128, in 2015 – 146, shows a study by the Chartered Institute of Personnel and Development (CIPD) and the analytical organization High Pay Center. An average employee will need 160 years to earn the amount that the company's CEO receives for a year....
How to be great instead of big - 08/10/2018
Bo Burlingham, Editor-in-chief of the popular business magazine Inc., talked to founders of small but successful and outstanding companies, and described their experience in his book "Small giants." We chose seven tips that will be useful to both an experienced businessman and a beginning entrepreneur. For an excellent service, you need to demonstrate to your customers that you appreciate them...