China's digital evolution has been significantly impacted by an unusual trait in its managers: overconfidence. During 2011-2022, researchers noticed that top managers who were a bit too sure of themselves actually drove deeper digital transformations within their companies. The key? They invested more heavily in research and development. Surprisingly, this effect was...
Mergers and acquisitions, often referred to as M&As, are like a superpower for businesses. They help companies grow bigger, get better at what they do, and perform more efficiently in a competitive market. Now, here's where things get interesting: data is becoming a crucial part of how businesses operate and create value. It's like a new tool in their toolbox, changi...
The Associated Press (AP), a well-known news agency, is cutting 8% of its staff. This includes both layoffs and voluntary buyouts. The memo sent by AP president Daisy Veerasingham mentioned that the media sector is going through a major change, and the AP wants to focus more on digital news. The cuts will mostly affect the U. S. and will impact less than half of the ...
Convincing business leaders to fund your tech project can be tough. You need to show how your idea helps the company and solves problems for staff. Get clear on your message and tailor it to who you're talking to. Make your point with visuals or by showing real benefits. Don't forget, keeping it simple and delivering results goes a long way. Successful communication...
In today's fast-paced business environment, technology has become an indispensable tool that affects every aspect of operations. The old days of IT departments holding the keys to technology procurement are long gone, replaced by a collaborative approach that empowers professionals across the organization to take charge. Gone are the days when CIOs were the sole guar...
Tupperware, the iconic brand known for its airtight containers, has been struggling to stay on top of its game. The company's sales have been in decline since 2018, and it's no secret that the rise of meal kits and food delivery services has contributed to the decline. But Tupperware isn't giving up without a fight. The company has filed for Chapter 11 bankruptcy pro...
It's no secret that the printing industry has been struggling to stay afloat in the wake of the pandemic. With more and more people working remotely, the demand for office printers has plummeted. Japanese company Ricoh is the latest to feel the pinch, announcing a massive restructuring effort that includes laying off around 2,000 employees. But why is this happenin...
In the face of economic adversity, Howard Fu, Chief Financial Officer of Procore Technologies, Inc., is navigating a digital transformation blueprint to reshape the construction landscape and propel Procore towards a groundbreaking $1 billion revenue target. As the driving force behind transforming Procore's go-to-market operation model, Fu is redefining the company'...