#business-strategy

#business-strategy

James Taylor, chief executive of BrewDog, announced the closure of 10 bars, including the flagship location in Aberdeen, due to viability issues related to size and location.

Southwest Airlines will start selling assigned seat tickets on July 29, transitioning from its open-seating model to compete more effectively with rival airlines.

Broadcom is launching a new invitation-only Cloud Service Provider program in November, significantly reducing the number of authorized partners and focusing on larger players.

The biggest shift is mental: stop thinking like a training provider and start thinking like a capability consultant. Your job isn't to supply content. It's to solve problems.

BP's plan involves selling off its onshore wind business and other assets worth $20 billion to streamline operations after their unsuccessful attempt at transitioning to a net-zero energy company.

"Coming into a decade of leadership here marks a natural milestone and transition point for me personally, and for the organization. I'm excited for the next leader who will carry this work forward and shape the next generation of leadership at L.L.Bean," Smith said in a press release.

Co-owner Peter Ausenhus recommends digital keypad locks and a reliable cleaner for craft brewers considering short-term rental hosting.

Diversity isn't a cost. It's an investment. Companies like Delta and Costco build ecosystems where different perspectives create competitive edges. Shareholders notice.

In the past, there was an unspoken policy that most businesses 'don't get political'-a sentiment I don't disagree with. But the hard truth is the modern workforce is aware of what's going on in the world, and they see acquiescence or silence as being complicit.

Only 7.2% of teams rate their AI strategy as "super effective" with strong ROI. 91% of workers use just 1-4 AI tools weekly, despite companies investing in dozens.

While AI is touted for bringing efficiency and innovative business models, it introduces various risks including ethical concerns, regulatory scrutiny, security vulnerabilities, and operational disruptions.

In times of budget constraints, businesses often cut headcount as a quick fix to save on costs. This leads to a hiring freeze, with only 55% of businesses actively trying to hire recently.

In-house teams provide control over workflows, collaboration, and brand alignment, but come with higher long-term costs including salaries, benefits, and training.

Effective product growth relies heavily on investor relations, as capital flow is essential for maintaining growth targets and operational effectiveness for companies.

We have reached the point where we can no longer continue to operate in the normal course. Because of this, TPX will be filing what is called a Notice of Intention to Make a Proposal (NOI) under the Bankruptcy and Insolvency Act. I want you to know this is not a step I wanted to take.

By the end of 2024, TikTok had 1,700 employees there, according to the city's estimates.

Having more margin is a gigantic ecommerce cheat code. Knowing your numbers is step one: how much money is coming into the business, and how much is going out.

The ongoing trade war has dominated conversations in boardrooms and newsrooms. On-again, off-again tariffs and economically bellicose statements have led to uncertainty, confusion, and even fear.

Branding isn't a marketing tactic. It's the strategy behind business success when shaped by a strong story infused with the voice of the customer.

Every beauty founder dreams of accomplishing what Rhode just achieved: a billion-dollar valuation, a cultural following, and a brand that seems to dominate every platform it touches.

Every freelancer or solopreneur should take advantage of quiet business periods to audit their operations, enhancing efficiency and identifying opportunities for growth.

According to McKinsey, fewer than one in three organizational transformations actually succeed in improving performance and sustaining those gains, even when leaders are well-intentioned and highly motivated.

The impoverished value of new AI tools, such as resume polishing, raises questions about their relevance and efficacy in practical applications.

At a meeting in Brussels last week, several dozens of CEOs of Fortune 500 Europe companies met with European Commission President Ursula von der Leyen and four of her deputies. They held an open-ended discussion that touched on simplifying and delaying ESG rules, recasting clean energy as a matter of European independence, crafting an industrial AI strategy to compete with the US, and creating a single regime for companies to operate all over Europe.

In 2007 when so many people were making decisions to offshore, I kind of strategically said to our CEO at the time, this close-to-market responsiveness is a critical capability.

Artificial Intelligence has emerged as the most powerful tool to meet this challenge-helping businesses pivot with the same speed and agility that today's business landscape demands.

With traction came the deadliest startup drug: the illusion of being safe. Turns out, nothing kills momentum faster than thinking you have some.

You need to earn a seat at the table. Your CFO doesn't need to understand marketing. You need to understand how they run the business.

Most organizations have developed thousands of APIs over the years-each created by different teams, documented inconsistently (if at all) and managed through siloed processes.