What Does Digital Mean for Your Business?
The coronavirus disease 2019 (Covid-19) pandemic has put extreme pressure on micro, small and medium enterprises (MSMEs). In the US, data from Yelp shows that 97,966, or 60 percent of business closures due to the pandemic are now permanent. In the Philippines, at least 90,000, or 6 percent of its 1.4 million MSMEs remain closed … Read moreSocial responsibility in times of crisis
The pandemic has truly disrupted our lives, organizations, and nations. Work-from home, social distancing, and quarantines have become the new normal. With the bleak prospect of a universal vaccine in the foreseeable future, the World Health organization and nations are already singing the same song – we have to learn to co-exist with the coronavirus. … Read morePost-pandemic technology trends in the developing world
Facebook recently announced that it would permanently embrace remote work, even after lockdowns prompted by the coronavirus disease 2019 (Covid-19) pandemic ease. Meanwhile, Google said its employees could work from home until July 2021. Many global companies, as well as local ones, are following suit as the pandemic forces organizations to adapt to the “new … Read moreFlattening the learning curve
“It took us 12 years to build Airbnb, and we lost almost everything in four to six weeks,” Brian Chesky, the CEO of Airbnb, said in an interview on CNBC, indicating that the company was preparing to go public this year, and now that is up in the air. He is just one of the … Read morePreparing for black swan and grey swan events
So much has changed in the last three months. While a couple of industries have been severely affected by the coronavirus pandemic, I would like to pay attention to what is happening in the retail space, and how our buying and spending behaviors have changed in the process. Case in point: the number of food … Read moreReinventing retail
One purported casualty of the coronavirus disease 2019 (Covid-19) pandemic is globalization. Headlines abound about it: “The Post-Coronavirus World May Be The End Of Globalization,” “Globalization is Dead,” “Coronavirus Could Mean the End of Globalization.” For instance, the World Trade Organization WTO) warned that global trade could fall by up to a third due to … Read moreDigital trade: A new era in globalization
TinaPay Online, which delivers neighborhood bakery favorites to communities in Manila, was born in the early days of the enhanced community quarantine (ECQ). It partnered with Grab riders from the neighborhood, and now it’s earning P7,000 on a good day on deliveries alone, SmartParenting.com.ph reports. The Community Market was rolled out in cities in Metro … Read moreThe rise of community commerce
“The war for talent is over. In the Fourth Industrial Revolution, organizations will wage a new war – a war for talent development.” These were my concluding remarks when I delivered a keynote in a national congress for human resource management practitioners. I got blank stares as the audience was trying to digest what I … Read moreWar for talent development has begun
By 2020, millennials will make up more than half of the entire workforce, while Generation Z will comprise more than one fifth, making these contingents the strongest force in shaping the future of the workplace. Yet, only 30 percent of millennials receive feedback regarding their job performance, despite the fact that 72 percent of employees … Read moreBuilding a feedback culture in the workplace
A group of nearly 200 chief executives of corporate America, including the leaders of Amazon, Apple, Pepsi, and Walmart, recently convened and redefined the role of business in society and how they are perceived by an “increasingly sceptical public,” as reported by The New York Times. These companies comprise the Business Roundtable, a lobbying organization … Read moreWhy a company needs a purpose
