From CNBC.com – “Nationalism is on the rise in Asia, which is a serious issue because it shifts the rationality of actors from cost-benefit calculations from an economic and military sense towards a cost-benefit calculation ideologically,” Ruediger Frank, department head and professor of East Asian economy and society at the University of Vienna told CNBC.
From Knowledge@Wharton – “Barsade, Andrew C. Hafenbrack and Zoe Kinias — both with the department of organizational behavior at INSEAD — are the authors of “Debiasing the Mind through Meditation: Mindfulness and the Sunk-Cost Bias.” The paper, published in Psychological Science, explores how short meditation sessions can reduce the likelihood that decisions will be made based on information from the past that should have no bearing on the choice at hand.”
From Washington Post – “The decision last year by Yahoo and Best Buy to ban working from home or end flexibility programs was surprising not only because it seemed to go against current trends, but because study after study has shown that employees with flexible work arrangements tend to be healthier, happier, more productive — and even less likely to want to change jobs.”
From Bank of America Merrill Lynch – The Chief Financial Officers of Asia’s largest companies are embracing growth for 2014. 76% of respondents expect revenues to grow this year. However, profit expectations are falling. The proportion of Asia’s CFOs that expects profits to grow has dropped to 60%, down from last year – suggesting that it is getting tougher to extract value from revenue growth. Asia is no longer the high growth, high earnings market that it used to be. CFOs in Asia are now thinking about strategies to improve operational efficiencies to drive profitability.
“If, as Mark Twain once proclaimed, “Clothes make the man,” do trousers then make the woman? They do if you’re Stacey Bendet.
Thirty-six-year-old Bendet is the founder and creative mind behind Alice + Olivia, a $150 million global women’s clothing company that is little more than a decade old. Bendet described the origin and rapid-growth of Alice + Olivia at the recent Retail and Consumer Goods Growth Summit, organized by Knowledge@Wharton, Wharton’s Jay H. Baker Retailing Center and Momentum Event Group.”
From Leadership Challenge website – “Leadership is not about personality; it’s about behavior—an observable set of skills and abilities. And when we first set out to discover what great leaders actually do when they are at their personal best, we collected thousands of stories from ordinary people—the experiences they recalled when asked to think of a peak leadership experience.”
From Knowledge@Wharton – “The shared economy, perhaps best known for crowd-powered marketplaces such as travel accommodation site Airbnb and transportation-focused Lyft, blossomed as the recession set in. At the same time, social platforms were establishing broad footholds. Collaborative consumption, made more feasible by evolving technology, offered consumers ways to personalize their experiences without having to own their own cars, vacation homes and items that may be out of reach financially. It also presented fresh streams of income for people with something to spare or share.”
From BBC News “Nothing can prepare you for becoming a company chief executive, says the boss of US multi-national General Electric, Jeff Immelt. You might think that for those who have risen steadily through a company’s ranks, eventually reaching the top spot and becoming the boss might feel part of a natural progression. But Mr Immelt, who joined GE in 1982, says his 19 years’ experience counted for very little once he himself became chief executive in 2001. ‘I was brought up in the GE system and I went through a very public succession process – and really three days after I became CEO none of that mattered one bit,’ he says.”