Mainstream business education and managerial practice is largely focused on managing performance. But as the Covid-19 pandemic has revealed the painful fragility of many of our systems, leaders are focusing on resilience — a concept rarely taught in today’s business schools. What is resilience? How do you manage and measure it? And how can you build a more resilient enterprise?
In the midst of the Covid-19 crisis, we have become painfully aware of the fragility of supply chains, health care, and other critical systems. Many leaders have announced the intention to build back their businesses more resiliently, but not many know how to do so. Few business schools teach resilience, and today's managerial toolkit is dominated by financial performance management. As a result, very few companies are able to explicitly design for, measure, and manage resilience.
While you're here, how about this:
Southwest Soda Pop Shop: How a side business became the main attraction - The Washington Post
Darryl Jones spent three decades slogging on Washington's southwest wharf, cleaning fish and building up a business. When developers came along with plans for a $2.5 billion mixed-use waterfront project, he saw an opportunity.
With that in mind, Jones and his daughters opened Southwest Soda Pop Shop two years ago in coordination with developer Hoffman & Associates. The idea was an extension of Jones's side business operating 30 soda machines.
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Countless small businesses across the United States are family-run, and for good reason: The entrepreneurs who launch them often rely on parents and other relatives for help. But the intergenerational transfer does not always stop at dollars and cents. It can also include know-how, coaching and staff.
Business this week | The world this week | The Economist
There was some good news for Virgin Australia , after two months in bankruptcy proceedings, as Bain Capital stepped in to buy the business. Shareholders lost their shirts in the deal, but the airline hopes to fly again in September.
The Federal Aviation Administration confirmed that the first certification flights had been conducted for Boeing's 737 MAX , which has been grounded for 15 months following two crashes. Although the tests were described as a "milestone" in its rehabilitation, Boeing's passenger plane won't be returning to the skies soon; the FAA still has to carry out "a number of key tasks".
The Boat Business Is Booming - The New York Times
In April, when reality set in for the advertising executive Joseph Gordon — that his family's spring and summer vacation plans were canceled, that his two kids' camps would likely be canceled, too — he cast about for an escape. After a lot of research, Mr. Gordon, 40, of downtown Manhattan, located two 19-foot Yamaha jet boats (which cost $30,000 and more) for sale at Patsy's Bay Marina in Stony Point, N.Y.
He asked to reserve the blue one. When he called a few hours later to switch to the red one, it had already been sold.
This may worth something:
University of Minnesota Crookston business department, accounting program receive accreditations
State Used Bulk of COVID-19 Relief for Businesses, Farms » Urban Milwaukee
A report from the Wisconsin Economic Development Corp. that was released on Monday points to teaching those dealing with unemployment new skills; entrepreneurship; and broadband access as key ways to mitigate the impact COVID-19 has had on the state’s economy.
The report, which was requested by the state Legislature, details the ways in which Wisconsin has spent $13.7 billion in federal and state aid during the first few months of the pandemic to avoid business closures and job losses.
2 shot following dispute between workers at Bessemer business - al.com
An argument between workers left two people wounded by gunfire at Southland Pipe and Supply in Bessemer on Thursday, July 2, 2020.
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Bessemer Police Chief Mike Roper said two males got into an argument while they were outside on their break. One of them called a third person to the business and that person arrived with a gun and fired shots.
"It's just another senseless shooting,'' Roper said. "People have to find another way to settle their differences."
Justices Won't Disturb Equal-Pay Ruling That Business Advocates Challenged | National Law Journal
Responding to the Trump administration's move to scrap Obamacare in the middle of a pandemic, California Attorney General Xavier Becerra asserted: "Now is not the time to rip away our best tool to address very real and very deadly health disparities in our communities."
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Now that a high-profile gender bias suit against the firm is partly advancing, the spotlight will turn to how the firm makes decisions about compensating and promoting junior attorneys.
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