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The Hidden Traits To IKEA’s Iconic Global Success

IKEA has led to the idea of ​​”making everyday lives better for more people” that created a paradigm shift in the minds of millions of households by providing quality products, quality at an affordable price. The largest retailer in the world exemplifies the fact that there is simply no formula for overnight success. So how does a teenager in Sweden create a superior brand? And what keeps them in the lead for such a long time? IKEA was founded in 1943 by the 17-year-old Ingvar Kamprad in Sweden. The company’s name is derived from the acronym I.K., plus the first

To Win Or To Lose: Leading In Digital Era

“Whether you are ready or not, digital vision and competence are already differentiating Winners from Losers.” “Neither RedBox nor Netflix are even on the radar screen in terms of competition,” said CEO Jim Keyes of Blockbuster – DVD rental service, in 2008. Blockbuster files for bankruptcy in 2010, and today we see Netflix worth the US $ 61.93 billion. As the pace of digital age intensifies, less digitally capable leaders will not be able to close the performance gap with digital savvy leaders possessing both the vision and capabilities. Become the digital leader, or lose Digital technology is transforming politics,

Changing Career During The CoronaViruss Pandemic: 5 Reasons Why

The Coronavirus Pandemic has caused thousands of people to lose their jobs. Mr. Le Minh Tan, Director of Department of Labor, Invalids, and Social Affairs said: “In the first 6 months of 2020, the whole city of Ho Chi Minh City had 327,952 workers leaving. As of June 24, the number of people applying for unemployment benefits was 90,041 people.”. While the corporation and government experienced a new concept of “how the work is done”, they opened up the thousands of job positions that still need to be filled, especially jobs that can be operated remotely. Career websites note an

Top 5 Hottest Jobs During The COVID Pandemic

Before the Coronavirus severely damaging the world economy, only a small share of employees worked from home five days a week. Now, many employees find themselves out of work due to social distancing, and others have transitioned to a work-from-home model and are relying on technology and the internet to collaborate with colleagues and get things done. Not surprisingly, internet technology-related hot jobs are suddenly in great demand during the coronavirus outbreak. Let’s take a quick look to see what are the highly demanding jobs during this tough period. Internet marketing In the Internet era, the competition is extremely fierce

Development

How To Stand Out In Your Field Of Expertise

We’re living in an age where anyone can easily call themselves an “expert.” But that doesn’t always translate to being perceived as one.  Those who are truly respected in their fields often possess a unique skill or perspective – they know how to provide value to the people that they want to serve. Some people rise to industry prominence because of external circumstances. But for most people, getting to a high level in their field requires strategic planning, commitment, time, and patience. Being exceptional in a field is not an overnight journey.  Here are some pieces of advice to be

Top 10 Emotional Intelligence Skills For Leaders To Improve Business Performance

Great leaders come in all shapes and forms. While various reasons make a leader stand out, one of the most common is a great capacity for crucial emotional intelligence skills.  There are countless benefits of emotional intelligence abilities in the workplace, from being able to communicate more effectively, dealing with stress better to resolving conflicts efficiently. With the way the market has changed, IQ and technical expertise alone are no longer sufficient to be successful as a leader or to move up in an organization. Of course, leaders do not start out with all of these skills at the beginning.

The Power Of Storytelling In Transformational Leadership

You are a leader of a technology company, your team needs a change in their operating methods. How do you get buy-in for change? Improve your storytelling skill with these skills. Normally companies are transformative change driven by advancement technology. What’s very common is, ‘Here’s what we’re doing. Here’s the technology. Isn’t it wonderful?’. However, not all of the users and investors are inspired by technology by itself, they are more interested in the results that they can get from the new products.  Take one example from one of the most successful CEOs in the technology sector, Elon Musk. He

Are You A Dominance Or Prestige Boss? Finding The Balance To Become A Better Leader

The research of Mr. Jon Maner, Professor of Management and Organizations at Kellogg School of Management, Northwestern University, shows that these are two styles of leadership, which refer to dominance and prestige styles. Leading through dominance means influencing others by being assertive and leveraging one’s power and formal authority. Leading through prestige means displaying one’s knowledge and expertise and encouraging others to follow. In the case of dominance, employees usually have little choice but to follow the leader; when it comes to prestige, deference to the leader is more negotiable. While both styles have different characteristics, both of them have

Lifestyle

New Trends Of The Travel Market In “The New Normal”

The world travel market has taken a hard hit by lockdown orders across nations due to the Coronavirus epidemic. Countless travel providers had fear of when the situation would get better or whether they can continue conducting their business. However, with the opening of borders and the relaxation of travel restrictions in most of Europe in July, we are seeing an initial recovery of the travel industry. Hotels are reopening, and airlines are resuming flights on a reduced but regular schedule.  The restart of travel after the COVID-19 lockdown raises some questions: What are the post-lockdown consumer trends shaping the

Mark Cuban Honest Tips To Help You Enlarge Your Pocket

You might have heard this billionaire’s name, but who is Mark Cuban and how did he make his money? It’s possible you know him as one of the sharks on the hit show “Shark Tank,” but Cuban is more than just a TV personality. He’s also the owner of the Dallas Mavericks basketball team competing in NBA and a successful investor. In fact, Mark Cuban’s companies are so successful that he made his first million in 1990 after selling his business to CompuServe and then earned a $5.9 billion paycheck after he sold his online streaming audio service to Yahoo

Improving Workplace Gender Equality In ASIA: What Can Government And Companies Do?

Asia Pacific today is becoming one of the most innovative regions in the world, driven by strong productivity, investment, technology, and innovation. The dynamic and tech-savvy workforce plays a pivotal role in maintaining and enhancing Asia’s growth. Economic gains, however, still have not translated into equal opportunities for women and men despite many efforts to lift more people out of poverty made by powerful women. State of workplace gender equality in the Asia Pacific Gender inequality across Asian Pacific region (Source: MGI) According to a research on gender equality in the Asia Pacific conducted by the McKinsey Global Institute (MGI)

How Managers Can Balance Work And Life

Having a wealthy and meaningful life is everyone’s dream. To achieve that dream, we have to work. Sometimes, you are required to sacrifice lots of leisure time to pursue your career and take care of other responsibilities. When work has dominated the majority amount of your time, however, it can come with great negative impacts on different aspects of your life such as health, family, and relationship. Therefore, applying a harmonious work-life balance is critical to improving not only your physical and emotional well-being but also your career prospect. Work-life balance, in short, is the state of equilibrium where a