Business Salesforce is acquiring workplace chat app Slack for $27.7 billion |
- Salesforce is acquiring workplace chat app Slack for $27.7 billion
- Amazon says sellers racked up $4.8 billion in global sales over holiday weekend
- EasyJet to cut onboard luggage allowance
- Hewlett Packard Enterprise is the latest tech company to leave Silicon Valley, and is moving to Houston
- It’s Managers, Not Workers, Who Are Losing Jobs To AI And Robots, Study Shows
- Tariffs and trade war
- How can I get corporate subscription for my course?
- Slack sold to business software giant for $27.7bn
- Fashion’s circular economy could be worth $5 trillion
- Elon Musk would consider having Tesla acquire a legacy automaker
- ANA How Do You Lead A Company For 20 years? Ask Nigel Anything AMA
- What’s a good tagline for a building supplies business?
- Shake Shack CEO says new store designs, digital upgrades are fueling expansion plans
- Nasdaq seeks mandatory rule on board diversity for companies
- Is this professional? A business owner (dentist) called me after I left a negative Yelp review. He told me he went through client files to find my number.
- Question about Robbing Peter to Pay Paul
- Airbnb aims for $35 billion valuation in long-awaited IPO
- Airbnb seeks valuation of up to $35 billion in its IPO
- Is anyone a successful person working in business for at least 10 years? Can I please interview you for an assignment I have for my International Business Marketing class? I would also need your LinkedIn profile or business card. Please let me know and we can schedule something. Thank you.
- Where to find industry-specific KPI benchmarks
- Amazon Seller Acquisition Market
- Micro-credentials and digital badges, do they matter for employment?
- Facebook buys Kustomer for $1B to expand into customer service tools
| Salesforce is acquiring workplace chat app Slack for $27.7 billion Posted: 01 Dec 2020 01:13 PM PST |
| Amazon says sellers racked up $4.8 billion in global sales over holiday weekend Posted: 01 Dec 2020 04:25 AM PST |
| EasyJet to cut onboard luggage allowance Posted: 01 Dec 2020 05:25 AM PST |
| Posted: 01 Dec 2020 08:26 PM PST |
| It’s Managers, Not Workers, Who Are Losing Jobs To AI And Robots, Study Shows Posted: 02 Dec 2020 05:53 AM PST |
| Posted: 02 Dec 2020 05:34 AM PST When the Trump administration was threatening to impose additional 25% of tariff for the products we were making (headphones) in 2018, it generated a wave of discussions and maneuvering in our industry. To reduce the impact, some clients immediately increased their orders and were pushing products to be made and exported to US before the execution date of that threat. Factories, including mine, started a shopping spree for new premises in other parts of Southeast Asia. Vietnam was the first country we visited trying to secure a spot for future production facility. The attempt failed despite the efforts we made as the market was already fully booked by other factories from China. With connections and help from people in the industry, we finally secured a plant in the Philippines in early 2019. Since then, efforts has been made on renovating the facility, hiring staff, sending over the necessary equipment, materials from China and get the new employees trained, etc. to start production there. Despite the amount of time and resources we spent on it, the new production plant has yet to start running properly to this day. In the meantime, we have to keep running the existing factory to supply the needed cash flow to get the new one work. It's like a family has to pay mortgages for both the house they are currently live in and the one they bought a year ago and wanting to move in at the same time. What a strain on the finances. Starting a new production facility or relocating to a new place is something easy for politicians to say but in reality harder for a factory to do. Because it requires a considerable amount of investment in doing so and there is little guarantee the investment is going to be paid off. For factories that are financially healthy enough to pursue that endeavor, they still face quite a few challenges. Language barrier is first and maybe the easiest one to solve. To run a business in a foreign land, managers need to be able to communicate effectively with the local staff. English is the language we use at work. Given most of our Chinese engineers are not good at it, they need help from people like me to understand some of the client's requirements. The thing is, people who are able to communicate via English are rarely engineering trained to confidently pass the message. Illustrating the specific point via drawing helps, but it takes time. It would also get tricky if neither party are speaking their native language, the information are more likely to loss in translation. For example, a client recently requested for a white version (a combination of white and grey) of their headphones, the team perceived it as a request for white samples and made it all white. Despite all the efforts we spent on making the samples, we have to do it again because it's just not what the client wanted. Being away from the supplier chain is another added cost to factories relocated to a new location. Supply chain is a network of vendors that supply materials or processes to allow factories to produce whatever they are making. For example, as a headphone factory, we work with approximately 30 or more vendors directly for a single product. These could be vendors who are making the plastic parts, electronic boards (PCB), packaging materials or charging cables, etc. for the product. To supply these parts, these vendors also rely on their sub-vendors to deliver what they committed to. An example of that could be the plastic injection vendor depends on their painting vendor to get the parts painted. The biggest advantage of staying with a network of vendors is as a factory, you are staying with a group of partners you have been working with for years and understand their technological and production capabilities. The factory would be able to know certain parts of the design is feasible for production or not upon seeing it based on their chain of vendors. For instance, the plastic tooling vendor plays a huge role in determining whether the factory would be able to deliver the product in a timely manner. If the tools are well designed and made, factory does not need to spend much time on fixing it afterwards and production can happen a lot faster. Otherwise it will drag down the whole production development process. Sometimes product design will be changed to match with the tooling vendor's technological capability to save cost and time. Having a network of vendors in the vicinity allows factories to do things in a time and cost efficient way. If a face to face discussion is needed, visits can be arranged pretty easily. Materials among each vendor or factory can also be moved very quickly as they are all located in the same area. Relocating a factory to a new location means all of that needs to be rebuilt again and it takes time to do so. The pioneering ones either have to set up everything a chain of vendors would normally deliver on their own, or source what they need from the previous network. Cultural difference could be the third challenge a factory faces in the foreign land. For example, getting workers more committed to the production goal was something managers had to do in the Netflix documentary American factory. Unlike Chinese workers, American workers did not like the idea of staying late or coming in on weekends to hit the production target, despite that the factory had been running at a huge loss over a year. By contrast, I feel people in China has a different understanding of doing their job. I would like to share an example. Sometime in late April 2020, one of the plastic injection tools was broken at 10pm-ish on a Saturday evening at my current factory. Continuing the production was important because the product was set to launch in early May and we needed a certain number of products made for that goal. With that understanding, me, critical team members from the tooling and injection team all came back to work after learning the situation despite we were all feeling exhausted from a week's work. The client was called to the spot to review if new samples by the improved tool would be acceptable for production or not. We had no visibility to how long would it take to fix the tool, so everyone came in without knowing if it's going to be an hour or a night's work. Luckily, we got it fixed by 3am and production was able to continue afterwards. When the western client and me thanked everyone for staying up to get problem resolved, they responded with that they were just doing their job. I wonder, would the workers in that American factory documentary would do the same? What is the working culture in your country? Would you sacrifice your Saturday evening to do what needs to be done to help the company and client hit the business goal? [link] [comments]  |
| How can I get corporate subscription for my course? Posted: 02 Dec 2020 01:03 AM PST I saw a site that was selling public speaker course and it was partnered with several corporates. I believe that they have long term partnerships and that they're making a lot of money from a single customer. Who do I contact for such deals? What's the process behind it? [link] [comments]  |
| Slack sold to business software giant for $27.7bn Posted: 01 Dec 2020 10:27 PM PST |
| Fashion’s circular economy could be worth $5 trillion Posted: 01 Dec 2020 09:30 PM PST |
| Elon Musk would consider having Tesla acquire a legacy automaker Posted: 01 Dec 2020 09:18 PM PST |
| ANA How Do You Lead A Company For 20 years? Ask Nigel Anything AMA Posted: 02 Dec 2020 02:36 AM PST ANA How Do You Lead A Company For 20 years? Ask Nigel Anything AMA https://youtube.com/watch?v=yyooECB-1-Q [link] [comments]  |
| What’s a good tagline for a building supplies business? Posted: 02 Dec 2020 01:50 AM PST |
| Shake Shack CEO says new store designs, digital upgrades are fueling expansion plans Posted: 01 Dec 2020 04:08 PM PST |
| Nasdaq seeks mandatory rule on board diversity for companies Posted: 01 Dec 2020 11:30 AM PST |
| Posted: 01 Dec 2020 09:54 PM PST I felt pretty uncomfortable, but thought "hey, maybe this is what they do?", but then I realized that most Yelp businesses reply to the person through a Yelp comment. What has me really uncomfortable is that I listed my name as Ashley T. on my Yelp account. The dentist told me he went through his files after reading the yelp review, found me based on my last initial, then called me. Is this normal? Not to sound paranoid, but I'm worried about having my private information, including SSN, on file there. I also mentioned a list of concerns with the hygienist - to which the dentist repeatedly blamed all of the issues on. He kept saying the guys name like 10 times to divert all of the blame. "Well, yes Johnny should know better. Johnny needs to be trained again. I'm going to talk with Johnny about this." It just made me feel like a horrible person and now Johnny gets all of this heat, and my personal shit is just on file in the system? I'm sure he might not be able to access it, but it still just makes me uneasy. What should I do moving forward, if anything? [link] [comments]  |
| Question about Robbing Peter to Pay Paul Posted: 01 Dec 2020 09:11 PM PST I had a question and wanted to see if anyone had some experience or advice. I purchased a large quantity of items from a business (in person) 9 months ago and paid the invoice in full that day. The merchant has been giving me the run around for those 9 months blaming Covid for the reason I haven't received the product (values at $1300.00). It was brought to my attention by a few other customers that the owner has had issues of "Robbing peter to pay paul" and he most likely used my money to pay something else off and was unable to pay for my merchandise. I have repeatedly asked for proof that the items were ordered on his part and he always gives an excuse as to why he can't provide me it. My question is, has anyone else had this experience or has knowledge on the subject and advise for how to go after the business. (besides Small claims court, and BBB I am aware of those options already) [link] [comments]  |
| Airbnb aims for $35 billion valuation in long-awaited IPO Posted: 01 Dec 2020 01:19 PM PST |
| Airbnb seeks valuation of up to $35 billion in its IPO Posted: 01 Dec 2020 09:00 AM PST |
| Posted: 01 Dec 2020 12:48 PM PST |
| Where to find industry-specific KPI benchmarks Posted: 01 Dec 2020 01:48 PM PST Does anyone know where to find industry-specific benchmarks for KPIs? I'd like to measure our company's performance against similar businesses. It's from the energy industry. But I'm wondering if there's any website to get this information in general from, also for other industries. [link] [comments]  |
| Amazon Seller Acquisition Market Posted: 01 Dec 2020 01:12 PM PST |
| Micro-credentials and digital badges, do they matter for employment? Posted: 01 Dec 2020 08:45 AM PST Hi all! My university is going to begin offering digital badges and micro-credentials in addition to traditional degrees, and I was curious to know if employers actually look at these things. It seems like we are going to have digital badges in "Global Distinction", "Beer Brewing", "PGA", "Medical Device Industry", "Professional Sales" and a few others. I think the idea is to have students earn relevant digital badges that can be clicked on by prospective employers to showcase information about about the badge's issuer, criteria, and verifying evidence. For those of you that have seen applicants with digital badges, how did that impact their overall ranking in an applicant pool? For those of you haven't seen applicants with digital badges yet, what are your thoughts and would you consider applicants for an interview over those without a relevant digital badge? TL;DR: Do employers actually look at or care about digital badges or micro-credentials if an applicant already has a relevant degree? Any employers with thoughts on the relevance of digital badges? [link] [comments]  |
| Facebook buys Kustomer for $1B to expand into customer service tools Posted: 01 Dec 2020 11:05 AM PST |
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