Business Blogs

19 August 2019

Business Blogs
  • MedMen Starts To Offer Cannabis Delivery Services Across California
    19 August 2019
  • DryShips Will Be Acquired By SPII Holdings
    19 August 2019

    DryShips Inc. (NASDAQ: DRYS) will be acquired by SPII Holdings Inc.

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  • 27 Stocks Moving in Monday's Pre-Market Session
    19 August 2019
    Gainers

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  • Estee Lauder Reports Q4 Earnings Beat, Raises Guidance
    19 August 2019

    Estee Lauder Companies Inc (NYSE: EL) reported fourth-quarter earnings of 64 cents per share, which beat the analyst consensus estimate of 53 cents.

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  • This Tech Founder Breaks Down How to Earn Your Customers' Trust
    19 August 2019
    It won't be an easy journey, but it's worth it in the end.
  • How Malcolm Forbes changed Forbes magazine
    19 August 2019

    Steve Forbes writes about his father Malcolm on what would have been his 100th birthday. Forbes writes, “My father knew that the first task of successful branding is to produce a distinct, first-rate product....

    The post How Malcolm Forbes changed Forbes magazine appeared first on Talking Biz News.

  • Talking Biz News Today — August 19, 2019
    19 August 2019

    Some of Monday’s top business news stories: Associated Press Economists survey: 34% expect a US recession in 2021 Tesla restarts its solar-panel business, offers rental plans Bloomberg Russia Can’t Satisfy China’s Soybean Needs Amid...

    The post Talking Biz News Today — August 19, 2019 appeared first on Talking Biz News.

  • Clouds over Novartis thicken in gene therapy drug scandal
    19 August 2019

    A Novartis executive sold almost $1 million worth of company shares weeks before the FDA accused the Big Pharma company of manipulating results for its gene therapy Zolgensma. Francois Murphy had the news for...

    The post Clouds over Novartis thicken in gene therapy drug scandal appeared first on Talking Biz News.

  • How employee protest power is transforming corporate culture
    19 August 2019

     

     

    One of the tenets of my consulting philosophy is that changing a corporate culture must come from the top. There is no such thing as a grassroots culture change. The change must start with a leader at the highest level that can sponsor — and demonstrate — a long-lasting adjustment in the trajectory of a company.

    Corporate culture is everything when it comes to changing a company direction. And that change has always had to be internalized and sponsored at the top.

    Or so I thought.

    An example of corporate culture gone wrong

    A short example of the impact of leadership on culture:

    A few years ago I was working with a Fortune 100 company on their first content/social media initiative. This was a model program. The Marketing VP understood and supported the change and the execution was amazing.

    Within two years, we had one of the most successful social media initiatives in the industry. The metrics were soaring, exceeding all expectations and it represented a huge cultural shift at this hundred-year-old company.

    Then the company went through massive merger. There were too many marketing chiefs and the sponsor of our effort was replaced by a leader from the new company. That person just didn’t understand the digital world and wanted to kill the social media marketing program.

    And, she did.

    Within three weeks of her arrival, the benchmark success we had created was dismantled and years of work went down the drain.

    Cultural change can start with the right  leader.

    Cultural change can end with the wrong leader.

    There has never been an exception in my career.

    Until now. Something is shifting.

    New organizational dynamics

    You’ve probably been reading news stories about tech workers taking cultural change into their own hands through protests and walk-outs.

    The revolt is part of a growing political awakening among tech employees about the uses of the products they build. The trend began as concern inside Google about a Pentagon contract that would tap the company’s artificial-intelligence smarts for defense applications. The outrage catalyzed and is spreading quickly to other issues and other companies.

    A few examples of aggressive employee activism:

    Google employees have walked out, sat in, or protested:

    Microsoft employees have walked off the job to protest:

    Amazon employees are holding rallies to rebel against the company’s environmental policies.

    Employees walked out of Wayfairs Boston headquarters to protest the retailer’s sale of $200,000 worth of furniture to a detention facility for migrant children.

    Employees from Microsoft, Amazon, and Salesforce publicized petitions urging their CEOs to cancel or rethink lucrative contracts with US Customs and Border Protection, Immigration and Customs Enforcement, and local police departments.

    This is different

    Employees are writing a new chapter in the traditional management books as they strive to achieve social and political agendas through social activism.

    You might be thinking, “we have always had protests and walk-outs as long as we’ve have labor unions.”

    True, but this is different.

    Labor unions fought for higher wages, safer working conditions, and better benefits.

    These protests are focused beyond individual rights. These walkouts are changing company strategy and commercial policies — agendas that have always been set by a management team.

    That is a very significant change.

    The impact of economics

    In the past three years, this employee trend has upended long-held organizational truths.

    Why now?

    I believe it’s because of the growing power of the knowledge worker in our economy.

    I can imagine that if I tried to start such a protest 25 years ago my co-workers would have looked at me like I was crazy and said: “Dude, I NEED this job!”

    If I walked off the job I would be promptly replaced.

    That is less of an issue today. We have severe labor shortages, especially in tech. No company can withstand having their valuable employees walking off the job for days at a time.

    The robust economy is empowering employees and changing the management landscape in a meaningful way.

    In a recession, will it go back?

    I don’t think so. To a generation of employees, HOW you work is an important as WHERE you work. We need to pay attention to this long-term trend or imperil our companies.

    Mark Schaefer is the chief blogger for this site, executive director of Schaefer Marketing Solutions, and the author of several best-selling digital marketing books. He is an acclaimed keynote speaker, college educator, and business consultant.  The Marketing Companion podcast is among the top business podcasts in the world. Contact Mark to have him speak to your company event or conference soon.

    The post How employee protest power is transforming corporate culture appeared first on Schaefer Marketing Solutions: We Help Businesses {grow}.

  • Weibo Trades Higher On Q2 Earnings Beat
    19 August 2019

    Weibo Corp (NASDAQ: WB) shares are trading higher after the company reported better-than-expected second-quarter EPS and sales results.

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