Business

Many companies build cultures that are focused on controlling the output of low performers, rather than growing and unlocking everyone’s skills. This approach is low-ROI and ultimately problematic for high-performance cultures. Leaders spend an inordinate amount of time handholding their least productive colleagues, instead of helping their strongest contributors move faster and do more. Meanwhile, because these tactics are focused on pushing the work forward rather than figuring out how to get better, they fail to turn low performers into high performers. Ultimately, by failing to nurture skill or motivation, low performance cultures stunt growth and repel top talent. Organizations need to build cultures that are obsessed with high performers, focusing the culture on keeping high perform...

Business & Finance18 June 2024, 8:18 pm 1 minute Reuters exclusively reported that India’s markets regulator is considering a series of tweaks to its derivative trading rules as it seeks to address risks arising from explosive growth in options trading. Market ImpactTrading in index and stock options has soared in India in the last few years, fueled mainly by retail investors. The notional value of index options traded more than doubled in 2023-24 to $907.09 trillion from the year before.  Article TagsTopics of Interest: Business & FinanceType: Reuters BestSectors: Business & FinanceRegions: AsiaCountries: IndiaWin Types: ExclusivityStory Types: Exclusive / ScoopMedia Types: TextCustomer Impact: Significant National Story ...

Companies seeking protection from lawsuits by filing for bankruptcy must now reckon with a Supreme Court ruling against the opioid company Purdue Pharma that substantially raised the bar for executives and owners trying to shield their wealth, legal analysts said.Johnson & Johnson, Boy Scouts of America and Rite Aid are among the entities trying to handle a vast number of lawsuits in bankruptcy court, seeking to resolve all claims in a single settlement. These proceedings have echoes of the Purdue Pharma case decided by the Supreme Court on Thursday, in which the Sackler family, which owns the bankrupt opioid-maker, offered plaintiffs about $6 billion of the $11 billion they extracted from the company. In exchange, family members would have received immunity from future lawsuits, with...

Ever since scientists discovered influenza infecting American cows earlier this year, they have been puzzling over how it spreads from one animal to another. An experiment carried out in Kansas and Germany has shed some light on the mystery.Scientists failed to find evidence that the virus can spread as a respiratory infection. Juergen Richt, a virologist at Kansas State University who helped lead the research, said that the results suggested that the virus is mainly infectious via contaminated milking machines.In an interview, Dr. Richt said that the results offered hope that the outbreak could be halted before the virus evolved into a form that could spread readily between humans.“I think this is good news that we can most likely control it easier than people thought,” Dr. Richt said. “...

Ann Lurie, a self-described hippie who went on to become one of Chicago’s most celebrated philanthropists, in one instance giving more than $100 million to a hospital where she had once worked as a pediatric nurse, died on Monday. She was 79.Her death was announced in a statement by Northwestern University, to which Ms. Lurie, a trustee, had donated more than $60 million. The statement did not say where she died or specify a cause.An only child raised in Miami by a single mother, Ms. Lurie protested the Vietnam War while in college and planned to join the Peace Corps after she graduated. In interviews, she said she chafed at the trappings of wealth even after marrying Robert H. Lurie.Mr. Lurie had built a real estate and investment empire as a partner in Equity Group Investments, teaming ...

The Internet and AI tools are transforming marketing communications within a complex, interactive landscape called the echoverse. While marketing has evolved since the proliferation of the Internet, in the echoverse, a diverse network of human and nonhuman actors — consumers, brands, AI agents, and more — continuously interact, influence, and reshape messages across digital platforms. Traditional one-way and two-way communication models give way to omnidirectional communication. The authors integrated communication theory and theories of marketing communications to create a typology of marketing communication strategies consisting of three established strategies — 1) promotion marketing, 2) relationship marketing, and 3) customer engagement marketing — and their proposed strategy, 4) echo...