There’s no skirting around it, the travel industry was among the hardest hit at the onset of COVID-19. According to International Air Transport Association, the global airline industry incurred net losses of $52bn in 2021 and is expected to lose an additional $12bn in 2022. The total number of passengers at Canadian airports dropped nearly
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Ted Lasso, the sports comedy-drama series, can make anyone a better leader, if you can stop laughing long enough to pay attention. At first, I was just enjoying the comedy and the setting in London, but after a few episodes I started to experience something deeper. Apart from earning more Emmys than any other debut
As topics about the future of work continue to dominate the media, the conversations often revolve around technological advancement, work-from-home, a post-pandemic future, or other similar big-picture issues. When we zoom into a workplace, we find adaptable people who can learn the new skills necessary to succeed. What we’ve failed to focus on enough is
However unintentionally, the pandemic has unearthed an opportunity that benefits both employers and liberal arts colleges. A recent report by Bain & Company starts with a well-known observation —employers are struggling to fill jobs, especially those that demand “specific skills and experiences that can be hard to acquire and demonstrate.” The report calls for higher
In a survey I conducted of 190 leaders last December, a whopping 83% of respondents said that what they were most looking forward to over the holidays was a break from work and the opportunity to spend time with family. And it’s no surprise. According to recent Harvard Business Review research, the majority of employees
Yes — the need for digital transformation and overall business innovation is undeniable. Regardless, pursuing these opportunities requires a careful balancing act. Rhett Power discusses a few ways business leaders can balance business innovation with operations when focusing on digital transformation. Nearly the whole world moved to remote work back in 2020, and organizations responded the
Janet is a young lady with lots of talent. She is a middle manager with the potential to rise quickly in her organization. The problem is that Janet’s boss, we’ll call him Tom, has been trying to “hold” Janet accountable. Tom is like most managers and leaders in that he believes that to get his
Establishing and growing a successful business organization requires the collaboration of various aspects. Some of these elements include but are not limited to proper financing, great strategies and ideas, and passionate employees. However, leadership is very crucial to ensure the appropriate management and mix of these elements. In addition, leadership entails guiding and supporting others
Since April 2021, we have seen an unprecedented wave of resignation, dubbed the Great Resignation. According to the latest report from the U.S. Bureau of Labour Statistics, showed that more than 4.5 million Americans, or 3% of the workforce, voluntarily quit their jobs. The millions of people who left their job altogether had good reason,
It’s a billion-dollar industry and at the top of everyone’s mind and the tip of everyone’s tongue… CHANGE. From change management, change initiatives, change innovation, managing change, implementing change, leading in change, and change discipline, we have all been through CHANGE! I’m not about to win the debate for a shift from CHANGE doctrine to
Readers of this magazine are well versed on the challenges of the Great Resignation, which has seen an estimated 24 million or more American employees leave their jobs between April and September 2021. Such disruption creates challenges for companies, but savvy leaders understand the opportunity to differentiate their company by adopting creative solutions. One proven
The pandemic has triggered myriad societal and workplace shifts, from hybrid work styles to a rise in remote collaboration technologies. Perhaps even more notable is a transformation in workers’ mentalities and mindsets. Many are reassessing their career goals, and some are quitting workplaces that no longer serve their needs. It’s clear that what’s been dubbed
CEOWORLD magazine (ISSN: 2771-7216), the definitive magazine for CEOs, CFOs, high-level executives, business leaders, and high net worth individuals, today announced the appointments of Prince Georges IV, 11th Duke of Royan; Dr. Bartosz Marcinkowski; and Dr. William Putsis to its External Advisory Board (EAB). The changes reflect a thoughtful and strategic approach to CEOWORLD magazine’s
When business travel ground to a halt during the spring of 2020, most organizations seamlessly switched to videoconferencing to conduct business and build internal and external relationships. The elimination of business travel affected organizations and employees differently, but nearly all the restrictions led directly to a decrease in expenses at a time when revenues were
There are two primary reasons I hear from leaders for not investing in employee development. The first is a fear that the employees will leave. The second is cost. “It is better to train people and have them leave than to not train people and have them stay,” Zig Ziglar said at a conference I
In today’s world, we place a premium on adaptability. Whether in the boardroom or on the football field, we are challenged to adapt to difficult conditions or try something new to respond to the unexpected. During this year’s NFC playoffs, the 49ers overcome the bitter cold at Lambeau Field to upset the Packers on their
If you’re like most CEOs, you don’t get the recommended eight hours of sleep a night. If you get much less than that, you’re in good company: Twitter’s Jack Dorsey, PepsiCo’s former CEO Indra Nooyi, fashion designer Tom Ford and Lifeway Foods’ Julie Smolyansky, for examples, have claimed to get by on just four hours,
With the Great Resignation showing no signs of slowing down, efforts to boost your employee experience are more critical than ever. However, these projects are easier said than done. Rhett Power shares a few tips for how you can create a more fulfilled workforce. In 2021, we saw a record-setting year of employee resignations —
Editor’s Note: Nearly fifty years ago, a young Ram Charan was brought in by GE to create a Crotonville playbook for their managers on how to lead through that period, as they hemorrhaged cash amid soaring inflation. Now, nearly two generations of managers have literally no idea what it’s like to operate in an inflationary
It was two weeks before go-live. A small, dedicated team had worked for six months on the project’s many aspects. The software was ready to go. Publicity for this initiative had been happening for a good while. Training sessions explained the ins and outs of the new system and staff were learning the soft skills
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