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Potential Growth For Vietnam Electric Vehicles Boosted By Joint Venture Between Foxconn & VinFast

The global electric vehicle (EV) market is witnessing significant growth in the coming years as electric vehicle adoption rates rapidly escalate year-over-year across the globe. Therefore, this is considered a potential market for giants to invest in, typically Tesla. Most recently, Foxconn and Vingroup have also entered this new market. Terry Gou, founder of Foxconn. Simon Song/ South China Morning Post via Getty Image What is Foxconn? Foxconn is the world’s largest electronics contract assembler. As of 2012, Foxconn factories manufactured an estimated 40% of all consumer electronics sold worldwide. In order to strengthen the technology race, Foxconn began discussions

Why Are Elon Musk And Janet Yellen Worried About Bitcoin’s Energy Usage?

In the middle of May in 2021, Tesla CEO Elon Musk announced that the company is no longer accepting payments from its customers using Bitcoin due to concerns about “the rapid increase in fossil fuel usage from Bitcoin mining,”, which has led to fresh scrutiny of the cryptocurrency’s environmental impact. Back in February, U.S. Treasury Secretary Janet Yellen also warned about the environmental impact of Bitcoin, saying that Bitcoin mining creates “staggering” electricity consumption. Why is Musk worried? Musk pointed to data from researchers at the University of Cambridge showing that Bitcoin “mining” has seen a surge in electricity use

How Anjali Sud Is Reinventing Vimeo And Taking Over The Future Of Video (Part 2)

Erik Roth: We all know that not everything works—you have to test and learn. So what hasn’t worked? And how do you instill learning and experimentation into your culture? Anjali Sud: In order to succeed, you have to parse the things that require conviction from the things that have blind spots, which you should let go of. We acquired a company and had to shut down a business unit within a year. We tried to make it work—hard enough that I could say, “Even if we executed this at 100 percent, it is not going to work, because we are

How Anjali Sud Is Reinventing Vimeo And Taking Over The Future Of Video (Part 1)

Recently, in one of the episodes of the Inside the Strategy Room podcast, Erik Roth, who leads McKinsey’s innovation work globally, talks with Anjali Sud, CEO of Vimeo, about her experience reinventing the online video platform’s business model. Let’s explore how a Marketing Executive discovered an unexpected market opportunity, disrupted the company’s original business, and became CEO in the process. Erik Roth: Can you first explain what exactly Vimeo is and does? Anjali Sud: Vimeo is the world’s largest professional video platform and community. We are not a competitor of YouTube. We are not a viewing destination. We are a

Development

The Future Of Work and The Need For Upskill And Reskill To Worker

Status and challenges on employment in the coming years Data from the Bureau of Labor Statistics (BLS) show that about 9.3 million people in the United States were unemployed in May. Meanwhile, as of the last day of April, 9.3 million jobs in the country were sitting open.  Looking at these numbers, what do you think happened to the employment situation in the first half of the year? Robots efficiently sorting hundreds of parcels per hour As you know, technological progress is enabling machines to complete many of the tasks that once required human beings. That new automation revolution had

It’s Time For Traditional Middle Manager To Break Their Limits (Part 2)

In the previous part, we’ve already learned three ways why middle managers can’t reach their full potential. The good news is that digital tools now help them a lot in management by optimizing their time spent tracking others’ workloads. However, to unleash the full potential and move up to a higher position, middle managers need to improve their management skills.     Management shouldn’t be the only way to advance Of course, middle managers don’t exist in a vacuum. To set managers up for success, organizations need to rethink who becomes a middle manager in the first place, and what career

It’s Time For Traditional Middle Manager To Break Their Limits (Part 1)

The shift to remote work has taken its toll on us all, but middle managers have faced particular challenges over the last year. A global survey of over 3,000 remote knowledge workers found that middle managers (defined as those managing 1-6 people) are 46% less satisfied with their jobs than senior executives (those managing at least 15 people), they have exhausted more than twice as much as executives (watch more in “Why Being a Middle Manager Is So Exhausting”), when it comes to maintaining a sense of belonging, and they feel more stressed and less productive than their more senior

Five Tips For Successfully Managing Remote Teams

For most of 2020, as the novel coronavirus embarked on its deadly global migration, Vietnam enjoyed a place among the world’s most successful nations in containing the spread of the virus. However, Vietnam has seen a new outbreak of COVID-19 sweep across 25 of its provinces since April 27, bringing 580 new infections to a country that had otherwise brought the virus mostly under control since the beginning of the pandemic. These unprecedented events have impacted businesses of all sizes – not just the solopreneurs or small businesses but also the big corporations. Actually, the COVID-19 pandemic is forcing businesses

Lifestyle

Skip Business Books, Here Are 7 Works Of Fiction That Will Give Leaders New Perspectives

Learn business and leadership through fiction, why not? While business books remain popular among executives, however it shouldn’t be the only book on your reading list. Fiction books – along with many other genres – teach us about how the world works, the way people live in it, and a wide range of insights. It includes psychology, business, history, and culture. Novels can help us see the world through a new lens – and they’re fun to read, too. This is also what true leaders aim to diversify their views in a positive direction. According to the professor of leadership

7 Ways Managers Can Support Employees’ Mental Health

Businesses have never been more aware of the importance of mental health than now. But paying mental health greater lip service doesn’t necessarily equip managers to actually deal with it any better in the workplace; nor does it help employees access the right support when they need it. According to a recent UK survey, 30% of employees feel unable to speak openly to management about feeling stressed. It is the corporate responsibility of every business to ensure this barrier is removed. Mental health awareness is not enough; it needs to be coupled with actual action. There are a ton of useful free

4 Inspirational Movies For Entrepreneurs

Entrepreneurs, like most people, need inspiration for their life. And what better way to find inspiration than to take a break and watch some thought-provoking movies. Regardless of where you currently stand on the entrepreneurial path, you are sure to find some much-needed inspiration by watching the movies featured on this list. Spend a little time recharging your batteries and get reinvigorated with these 4 insightful movies.    1. The Pursuit of Happiness The Pursuit of Happiness is about winning the fight against all odds while staying true to your inner compass. The main character – Gardner, is struggling to

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