Robert McDonald's goal while CEO of Procter & Gamble and secretary of the Department of Veterans Affairs was to instill a clear and cohesive organizational model that taught the leadership skills necessary to succeed in volatile environments. Each model had different specifics, but the key was "a single leadership model that is made pervasive throughout the organization, and this model must create the vocabulary of leadership in the organization," he writes.
Netflix has found ways to constantly innovate to ride, or stay ahead of, market disruptions by empowering employees and demanding honest feedback at all levels, says INSEAD professor Erin Meyer, co-author of Netflix co-CEO Reed Hastings' book. "Feedback should also be actionable: reasonably specific about the source of the problem, so that the addressee can know how to change course," writes Benjamin Kessler.
The employment picture is positive for workers between 25 and 34 who are interested in data security, notes SmartAsset, which found a 171% increase in jobs available between 2015 and 2019. That field was No. 1 on SmartAsset's list, ahead of computer control programmers and operators, plus physician assistants.
Staying at home during the coronavirus pandemic may have led to bad habits such as overeating, which can be averted by choosing a different activity when the urge to reach for a snack arises, says licensed clinical social worker Deborah Beck Busis. Mental health professionals also share how to overcome other habits, including exercise procrastination and overdrinking.
Employers need to start shifting from pandemic crisis management to enhancing agility and culture, as well as reshaping performance management, recruitment and job design, HR experts recommend. Josh Bersin says, "A lot of what we are going to talk about in the next six months, and next year, is creating a resilient HR."
Florida's Tampa International Airport and Bradley International Airport in Connecticut are launching onsite COVID-19 testing programs for passengers. While both airports are offering tests to all travelers, Bradley's program is specifically aimed at helping inbound passengers shorten or avoid Connecticut's quarantine requirements.
The Main Street Phoenix Project is converting the traditional private equity concept into an engine for employee ownership of small restaurants struggling amid the coronavirus pandemic. Partner Jason Wiener says the firm will replicate the model of restaurant holding companies that "hire their workers back, put them into ownership position, and lock in all of that improved cash flow and all that gain in value for the benefit of workers."
The steps required to close a business change depending on its legal structure. Accountants offer guidelines for selling assets, liquidating stocks and paying taxes for entities including C-corporations, S-corporations and partnerships.
The record-breaking surge in US initial public offerings is set to continue, predicts New York Stock Exchange President Stacey Cunningham. "September has been the busiest month of the New York Stock Exchange for IPOs in our history, and October is on track to look exactly the same," Cunningham said in an interview.
Founders can contribute to a more inclusive society by considering how their businesses promote diversity and inclusion, writes Heidi Zak, co-founder and co-CEO of ThirdLove. She recommends holding trainings each year for employees to continue their education in this area, among other tactics.
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