Downsizing is a common corporate response to financial hardship, but recent research from 2010-15 suggests downsizing could actually double the likelihood of bankruptcy. Negative consequences of layoffs include less innovation, lower employee morale, increased stress and decreased customer satisfaction.
Self-leadership means doing your best to align your vision with that of the organization to support the greater good -- and knowing when differences are irreconcilable, Susan Fowler writes.
Informal sessions to complain about work-related problems can prolong the impact and feelings of unfairness, according to research. That mental distraction and negativity can be compounded "by complaining to the wrong person," writes Adi Gaskell.
The cost of corporate crises is ballooning, and leaders need to spend time preparing for them, not just trying to prevent them, write Sanjay Kalavar and Mihir Mysore. The first step before a crisis is having a cross-functional team that can map out immediate and second-tier threats.
To make the most of networking opportunities after a presentation, consider hanging out near the bar, where the flow is traffic is steady and people are eager to socialize, writes Stephanie Fulton based on research done by Vanessa Van Edwards.
The number of publicly traded US firms is falling, and the average listed firm is older. The Economist's Schumpeter columnist notes the increasing availability of private funding options while suggesting that, if this trend continues, "it would be a symptom of the oligopolisation of the economy, which will harm growth in the long run."
Thomas Cook went from religious and temperance messaging to being an early version of a global travel agency, leading tours from Europe to the US, the Suez Canal and other areas starting in the 1850s. He leveraged technological and transportation advancements, as well as a growing middle class with disposable income, to build a business that was iconic for decades.
Novato Healthcare Center must reinstate several pro-union employees who were terminated just a week before a union election, a National Labor Relations Board administrative law judge has ordered. The judge said administrators at the California skilled nursing facility gave "implausible" and "vague" explanations for the terminations and violated the National Labor Relations Act.
Oral arguments Wednesday about an immigrant who was deported because of a false statement on her citizenship application prompted Supreme Court justices to question strict immigration policies. Justice Anthony Kennedy said the government's hard-line stance was "demeaning the priceless value of citizenship."
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