When employees argue that “my truth is better than your truth,” it’s a sign you’re masquerading as data-driven. Each team may be acting on data, but if they have different information, they are bound to disagree and some may even be misled. The cause may be siloed data, where each team looks at their own slice of reality. Or there may be a lack of agreement about which data should drive a particular decision.
A recent survey found that businesses globally are spending close to $40 billion annually on technology and services for data analytics, increasing by 12% each year. And yet, in a survey of 64 C-level executives at large corporations, 72% said they had yet to forge a data culture, and about half admitted they were not competing effectively on data and analytics. What explains this disconnect?
This may worth something:
Small business layoffs may have hit bottom, study finds
The coronavirus pandemic caused an unprecedented jump in job losses, but the worst may be over, at least for now.
After spiking more than 1,000% in March, layoffs among small business leveled off last month, according to exclusive data compiled by human resource provider Gusto and based on more than 100,000 small businesses nationwide.
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Still, furloughs rose 138% from March to April, even as some employers began rehiring former employees. (An alternative to lay-offs, furloughs allow companies to bring workers back quickly when the economy starts to heal and, although these employees generally are not logging hours and don't earn wages, they may still be eligible for health insurance.)
Milwaukee region's business, health communities launch restart toolkit for companies | FOX6Now.com
MILWAUKEE — With businesses large and small reopening during the COVID-19 pandemic, the Medical College of Wisconsin (MCW), the Metropolitan Milwaukee Association of Commerce (MMAC) and the Milwaukee 7 Economic Development Partnership (M7) are teaming up to launch an online toolkit with information, guidance, and resources.
The online toolkit is designed to help businesses identify risks and implement health and safety procedures that will protect their employees and customers. Through the toolkit, companies are encouraged to enact procedures and protocols that minimize the introduction, exposure and spread of COVID-19 in the workplace.
Why the Second Generation Can Make or Break Your Family Business
John D. Rockefeller was a titan of the Gilded Age. But his only son, John D. Rockefeller Jr., had the unenviable tasks of managing the family fortune and rehabilitating the family name after his father's reputation was in tatters, as he was accused of being a ruthless monopolist.
Conventional wisdom has typically said that the second generation (G2) of a family business should focus on sustaining the founder's example and vision, with the primary directive being "don't mess it up." But the reality in today's global family enterprises is much more complex, and potentially more positive .
While you're here, how about this:
WEF Covid-19 report: 7 biggest worries for business leaders - CNN
Texas A&M's Mays Business School Ranked Among Nation's Best - Texas A&M Today
Texas A&M University's Mays Business School has been named No. 8 in Money Magazine's ranking of the Best Colleges for Business .
Regarding Mays Business School , the publication said that "Texas A&M may be one of the biggest schools in the country, but its alumni are a tight-knit group. That's especially true of Mays Business School, where officials say alumni are happy to help open doors for newer graduates.
"These connections are valuable: the school reports 86 percent of recent graduates are either working or in graduate school. According to Payscale , recent business grads earn about $60,000."
Financial resources for women and minority business owners affected by Covid-19
Entrepreneurs and small business owners across the country have undoubtedly been hit hard by today's pandemic with many non-essential businesses remaining closed until further notice.
To help women and minority business owners stay afloat during and after the pandemic, several organizations and leaders have stepped up to create their own Covid-19 financial relief funds. CNBC Make It compiled a list of nine programs that are allocating grants for small businesses, some of which include mentorship opportunities as well.
Reopening a business in Michigan? Here are the minimum regulatory requirements
Gov. Gretchen Whitmer signed an executive order Monday laying out extensive workplace safety requirements for businesses to adhere to as they reopen after the two-month coronavirus pandemic shutdown.
Here are 10 requirements spelled out in Whitmer's executive order that all businesses must adhere to:
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The governor's executive order also has COVID-19 regulations for specific industries and sectors that are permitted to be open, including retailers, office buildings, restaurants, manufacturing facilities and research laboratories.
Happening on Twitter
Guys, running a business and still using a gmail or yahoo account just says you're not serious about your craft.. a… https://t.co/s8ymNHd2KF joe_human_ Mon May 18 21:01:14 +0000 2020
Fed Chair Powell's message to Senator McConnell and the Republicans couldn't be more clear: Your inaction will hur… https://t.co/WGJvy7ooPJ SenSchumer (from New York, NY) Mon May 18 17:53:18 +0000 2020
I'm looking for both a policy and a press adviser in my role as Shadow Business and Energy Secretary. Previous expe… https://t.co/TdnYavtWvd Ed_Miliband (from www.labour.org.uk) Mon May 18 17:51:51 +0000 2020
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