One of the most venerable ways brands have urged customers to buy their goods is through in-store price promotions. You know these promotions well. You see them when you walk through the door of the supermarket and spot a coupon for $1.00 off a box of Cheerios. For decades, brands…
Thousands of visitors flock to Disney World every day to immerse themselves in all kinds of exciting experiences—a cruise on the Pirates of the Caribbean; a visit to the China pavilion at EPCOT; a meet-and-greet with a favorite princess. For many guests, however, the highlight comes at the end of…
Multinationals that don’t have a plan for building subsidiaries in the country risk missing out on one of the most promising market opportunities in the world today.
In today’s competitive job market, companies must focus not only on finding the best candidates but also on fostering positive relationships with them, starting with the first step of the recruitment process through every stage of employment. Communication is key to successfully creating those connections. How leaders communicate with prospective…
The digital euro is a necessary step to ensure that our monetary system keeps up with digital advances. It will be widely accessible and easy to use while preserving privacy – just like cash. Contribution by Fabio Panetta, Member of the Executive Board of the ECB, and Valdis Dombrovskis, Executive…
Did you ever wonder what happens to your old smartphone when you trade it in for a new one? by Kirk Kardashian Most likely, it’s sold by your cell phone carrier to a phone remanufacturer who refurbishes it and sells it to a price-sensitive consumer who doesn’t want to buy…
In today’s fast-changing business world, AI has the potential to transform industries and unlock unprecedented opportunities. Yet, many industry leaders are uncertain about how to embrace this adoption within their organizations. They question whether it will replace human capabilities or add complexity without delivering tangible benefits. Imagine the possibilities of…
American restaurant executives are bracing for another challenging year. While some supply challenges and immediate inflationary pressures have abated, many leaders anticipate hefty annual increases in labor and input costs over the next five years. Restaurants also continue to endure pressure to meet evolving consumer demands in an increasingly competitive…
Most executives acknowledge that learning is crucial to the performance of their business. But at a recent research workshop that my team and I ran with executives from over 40 companies, it became clear that organizations’ traditional learning models are facing pressure from the emergence of new work models. The…
Important as formal training programmes are for developing people, some of the most effective learning happens on the job. More experienced colleagues can be the best coaches. While some educators draw sharp distinctions between coaching and mentoring, a lot of this informal support and advice is essentially mentoring. As well…
Biodiversity Net Gain (BNG) is an approach to development and planning which aims to leave the natural environment in a measurably better state than beforehand. The objective is that development will impact the environment in a positive way by delivering improvements to ecological networks and the key point is that…
The widespread lockdowns which began in March 2020, implemented to contain the spread of the coronavirus (COVID-19) pandemic, caused global supply disruptions and suppressed demand. As a result, euro area output dropped and international trade plummeted. The euro area economy recovered solidly after the first strict lockdowns were lifted in…
Is it possible to truly empower employees to make their own decisions—even when those decisions could mean life or death? That is the question posed by the Dutch home healthcare organization Buurtzorg, which has radically avoided almost all middle management, allowing its nurse teams to care for their patients as…
The researchers, led by the University of Cambridge, developed a device that processes data in a similar way as the synapses in the human brain. The devices are based on hafnium oxide, a material already used in the semiconductor industry, and tiny self-assembled barriers, which can be raised or lowered…
Over the past few months, AI technology, the surrounding discussion, and learning in the worldwide education community have continued to advance. Back in March, we shared three critical focus areas that continue to guide us as we work towards bringing AI innovation to education. Today, we’re thrilled to announce our…
Protect your employees from burnout, prioritize retention, and visualize long-term success.
Flexible work arrangements, such as hybrid and remote models, have become important for talent acquisition and retention in the post-pandemic world. As organizations refine their virtual work practices, it is important to ensure that they are inclusive of neurodiverse employees. Because remote work often lacks concrete time cues and is…
While ChatGPT falls short in this area, alternative approaches have come of age, mostly without people noticing. One of the earliest forms to hit the business scene was co-authored by John D.C. Little at MIT. Little developed algorithms that mimicked PhD econometricians in the way that they detect trends, variations…
Real estate is the ultimate Asset and nobody knows real estate better than Pavlos Loizou, the CEO of Ask Wire. We asked everything from real estate to AI, food and the Royal Family. He delivered perfectly. Where would you invest 1 million euros in real estate right now (any country),…
Digitalisation has boosted some European firms’ productivity, but many are still on the digital sidelines. That is a pity as faster digital adoption could make our economies much more productive. This ECB Blog post looks at where and how digitalisation can be a game-changer. By Robert Anderton, Vasco Botelho and…
Investing in innovation — not cutting costs — will position companies to thrive in the long run.
Economic activity indicators in May suggest that China is having a tough time shaking off the multitude of crises it's facing – consumer spending, real estate, a shrinking population – and now growing concerns over the prospect of a debt crisis for local governments. The story according to May figures…
A while back, my strength and conditioning coach asked me to work on jumping. while back, my strength and conditioning coach asked me to work on jumping. Jumping onto boxes and off of them, hopping on one leg, then the other, then both. I was confused. I was training to…
Understanding and improving the Employee Net Promoter Score (eNPS) can play a pivotal role in your organization's success. This critical measure can contribute to successful recruitment, retention, and cost management, and even help tackle labour shortages. Understanding eNPS Unlike traditional five-point scales, the eNPS uses an 11-point measure, making it…
Pricing a new product or service can be confusing, and founders—be they first-timers who’ve just shipped their MVP or veterans whose products have been in market for years—are often unsure how much time they should be spending on pricing strategy. Pricing can be particularly tricky for B2B fintech companies, which…
Pervasive societal inequity in the United States is strikingly evident in the start-up world. In 2022, Black and Latino founders received only 1 percent and 1.5 percent respectively of total US venture capital (VC) funding. Women-founded teams received 1.9 percent of VC funds, and only 0.1 percent of VC funds…
“The great thing about AI is that it is constantly evolving. One day it will be better than a real [girlfriend]. One day, the real one will be the inferior choice.” This quote is from one of more than 20,000 users who joined the early community of CarynAI, a voice…
House-owners the world over consider ‘knocking through’ walls to achieve more open-plan living or changing layouts to accommodate new arrivals or circumstances. The results may be impressive, but they come at a sizeable financial and environmental cost. But what if it wasn’t necessary to demolish internal brick and/or plaster walls…
Depression is the leading cause of disability worldwide. Anxiety disorder will affect almost one-third of U.S. adults during their lifetime. Problems of mental health are burdensome and ubiquitous. And while it’s true that AI holds tremendous potential for improving the science and practice of psychotherapy, it remains a definitively high-stakes…
In an era defined by advancements in technology, AI has the potential to revolutionise nearly any industry. The financial services industry is no different, and a plethora of financial services, including banks and asset managers, have already recognised the benefits of incorporating AI into their operations. AI is reshaping the…
With many in the computer science industry naming the metaverse as the next iteration of the internet it should come as no surprise that this concept is projected to grow from USD 22.79 billion in 2021 to USD 996.42 billion in 2030 according to GlobalData. This prediction denotes that the…
What’s the latest thinking in fiscal and monetary policy? The Hutchins Roundup keeps you informed of the latest research, charts, and speeches. Taxpayers in the 90th to 99th percentile of the income distribution are responsible for the majority of the $500 billion in taxes that go unpaid every year. Using…
It’s never too early to start thinking about your legacy.
It’s easy to go along to get along: give lots of managers an equal say and allot each division its “fair share” of capital. Usually, however, a laissez-faire approach underserves a corporation’s most promising opportunities for growth. Companies typically provide lump sums to division heads, often in proportion to current…
Corporate Rebels are dedicated to exploring and sharing the most innovative and forward-thinking approaches to work, to help organisations on their way to becoming progressive. In this episode of Never Mind the Pain Points, our in-house performance psychologist Suzie chats to Corporate Rebels Co-founder Pim de Morree about what high-performing…
Ever since the United Nations started publishing population figures, about 75 years ago, the top of the tables has been boringly the same: China at #1, India at #2. But last week, the UN declared that a historic change was imminent: that India’s population was expected to reach 1,425,775,850 in…
The experience of today’s workforce is complex, and the future promises to be just as challenging. Communities, companies, leaders, teams, and individuals struggle to align to purpose, ensure their time and talents are used wisely, and contribute to something meaningful. Lack of resources — everything from technology to trucks to…
We regularly publish a summary of reports compiled by our 12 regional Agents following discussions with at least 700 businesses across the UK every reporting period.
Google’s Yossi Matias and WMO Director of Infrastructure Anthony Rea discuss the Early Warnings For All Initiative.
Greek philosopher Heraclitus once wrote, “There is nothing permanent except change.” Recent world events will testify to that with seismic shifts in the way we live and work. In times of uncertainty, we cling to routine as a safe harbour in a storm. For some, that can be the day-to-day…
