An organization’s potential for value-creation lies in its ability to embrace the intricate relationship and co-existence between risk and opportunity and activate this through (opens in new tab)-led transformation. Rethinking risk and value Risk-taking lies at the heart of most value-creating undertakings. The inherent relationship is captured by the Chinese symbol for risk, which is made up of two separate symbols for the words, “danger” and “opportunity.” Here, our combined notion of risk and value are in line with this interpretation. Our way of thinking about risk(s) isolates concepts that philosophers always knew were largely inseparable. Therefore, many risk management methodologies fail organizations. The frameworks we use to characterize risks – everything from ‘root cause analysis’, ‘annual top ten risk lists’, ‘high impact / low frequency’, and exposure analyses, are disconnected from value creation. Philosophy and etymology aside, organizations are learning, especially in financial services, to recognize the inextricable and balanced co-existence that risk and value creation share. Just think about a home loan for a moment – banks take on the risk of lending a sizeable amount of money over a period of time in exchange for the opportunity to receive substantial gains in the cost of that […]

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(CNN) Disney said it would cut 7,000 jobs from its global workforce, part of a multibillion-dollar cost-cutting initiative aimed at streamlining the company’s operations in a period of media industry turmoil. Disney had about 220,000 workers as of October 1, of which approximately 166,000 were employed in the United States. A cut of 7,000 jobs represents about 3% of its global workforce. "While this is necessary to address the challenges we’re facing today, I do not make this decision lightly," said CEO Bob Iger, who returned to lead the company in November when the board fired Bob Chapek as the company’s leader. "I have enormous respect and appreciation for the talent and dedication of our employees worldwide, and I’m mindful of the personal impact of these changes." Iger also took steps to reward shareholders, while Disney employees will feel pain from the job cut announcement. The company had suspended its dividend payments during the pandemic. Iger announced it expects that to return. "Now that the pandemic impacts to our business are largely behind us, we intend to ask the board to approve the reinstatement of a dividend by the end of the calendar year," he said. "Our cost-cutting initiatives […]

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If you lack just a handful of key stocks, you’re missing out on a sizable chunk of the S&P 500’s profit engine. Just seven stocks — including Apple ( AAPL ), Microsoft ( MSFT ) and surprisingly Exxon Mobil ( XOM ) — hauled in 25% of the S&P 500’s total adjusted net income in the just-completed fourth quarter of 2022, says an Investor’s Business Daily analysis of data from S&P Global Market Intelligence and MarketSmith . Such concentration of profit might surprise investors. A rise in energy prices and interest rates has pushed up the profits of key S&P 500 companies in energy, technology and financial sectors . Many are now punching over their weight in terms of generating profit vs. their market value. "The earnings season hasn’t been terrible thus far, but by no stretch of the imagination has it been wonderful either," said Christine Short of Wall Street Horizon. Sizing Up S&P 500 Earnings Season, Exxon Mobil Style Most of the S&P 500 companies that matter have reported their fourth-quarter earnings. And the results are telling. So far, 343 S&P 500 companies, or nearly 70%, disclosed how the final quarter of the year went. Exxon Mobil […]

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Elon Musk wants to put a computer chip in your brain. Well, maybe not in your brain, but in the brain of some human somewhere. Musk’s neurotech startup, Neuralink, has been working toward implanting its skull-embedded brain chip in a human since it was founded in 2016. After years of testing on animal subjects, Musk announced in December that the company planned to initiate human trials within six months (though this wasn’t the first time he’d said these trials were on the horizon ). Neuralink has spent over half a decade figuring out how to translate brain signals into digital outputs — imagine being able to move a cursor, send a text message, or type in a word processor with just a thought. While the initial focus is on medical use cases, such as helping paralyzed people communicate, Musk has aspired to take Neuralink’s chips mainstream — to, as he’s said, put a "Fitbit in your skull." Musk’s company is far from the only group working on brain-computer interfaces, or systems to facilitate direct communication between human brains and external computers. Other researchers have been looking into using BCIs to restore lost senses and control prosthetic limbs, among other […]

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By Annabelle Liang Business reporter The world’s largest coffee chain Starbucks says it is launching a line of olive oil-infused drinks in Italy. Chief executive Howard Schultz says olive oil’s "unexpected, velvety, buttery flavour… enhanced the coffee and lingers beautifully on the palate." Starbucks is among the major US businesses that have faced obstacles as they tried to expand into the Italian food and drinks market. Italy’s coffee scene is famous for its independent and often family-run cafes. Starbucks currently has around 20 stores in the country. "Now, there’s going to be people who say, olive oil in coffee? But the proof is in the cup," Mr Schultz said on the company’s website . "In over 40 years, I can’t remember a moment in time where I’ve been more excited, more enthused," he added. The firm plans to bring the selection of hot and iced drinks to stores in Southern California in the US this spring. The UK, Middle East and Japan are set to follow later this year. Barista training project aims to boost confidence New home-grown chain replaces Starbucks in Russia The Oleato range, which will be launched on Wednesday in Italy, features an iced shaken espresso […]

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Warner Bros. Discovery has told teams that it plans to exit the regional sports network business entirely within the next several weeks. The company, which operates three AT&T SportsNet -branded channels in Denver, Houston and Pittsburgh and has a minority stake in the Root Sports channel in Seattle, has told teams that they have until March 31 to reach an agreement to take their rights back. If the RSNs can’t reach deals with the teams, the channels eventually plan to move forward with a Chapter 7 liquidation filing. In a statement provided to SBJ, WBD said, “AT&T SportsNet is not immune to the well-known challenges that the entire RSN industry is facing. We will continue to engage in private conversations with our partners as we seek to identify reasonable and constructive solutions.” WBD sent letters to the leagues and teams this afternoon informing them of their plans to divest their interest in those four RSNs. WBD has rights deals with 10 teams across those four networks: four MLB teams ( Astros , Mariners , Pirates , Rockies ), three NBA teams ( Blazers , Jazz , Rockets ) and three NHL teams ( Kraken , Penguins , Golden Knights […]

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NUSA DUA, Indonesia, Feb. 28, 2023 /PRNewswire/ — H3C NAVIGATE 2023 International Business Summit was successfully held in Bali, Indonesia. Themed "Together, For A Digital Future", the event brought together ICT industry experts and digital business leaders from around the world to discuss how to build a green and sustainable digital future. Brighten Li, Chairman of Tsinghua Unigroup, stated at the summit that as an investment holding group with multi businesses, Unigroup adheres to its IMIC development principle, namely International, Market Driven, Independent and Customer Satisfaction. And H3C, as an important growth arm of Unigroup, has made great achievements in digital economy. In the future, Unigroup will continuously provide full support for H3C regarding talents, capital and internationalization to achieve global reputation and value. "Cooperation and trust are the cornerstone of success". Together with our partners, Tsinghua Unigroup and H3C will share the prosperity of the digital economy and continue to build better business, better model, better life and better world together. Brighten Li, Chairman of Tsinghua Unigroup (PRNewsfoto/H3C) Tony Yu, CEO and President of H3C, shared three visions in his keynote speech: a deep belief in a thriving digital economy, a strong dedication to becoming one of the […]

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WESTON, Fla. & KENNESAW, Ga., February 28, 2023 –( BUSINESS WIRE )– Digibee , an enterprise integration platform as a service (eiPaaS) company that helps organizations build flexible, highly scalable integration architecture, is proud to announce a partnership with Orasi, a DevSecOps innovator enabling the acceleration, security, delivery, and adoption of software applications and cloud infrastructure through automation. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230228005254/en/ Digibee has joined Orasi’s strong partner community that brings enterprise customers full development and delivery lifecycle support for market-driven products. Digibee will provide, through the Digibee Enterprise Integration Platform (eiPaaS), the ability to connect and integrate disparate legacy and cloud-based systems as part of Orasi’s expert guidance, services and tools that accelerate the maturation of secure, high quality applications. The partnership allows the two companies to help achieve digital transformation, and improve customer service and user experience, by presenting and processing data from any enterprise systems in modern, cloud-native, on-demand applications. "Orasi has built a strong network of impressive partners and technologies, and we are honored to be a part of this network. Together, we will help enterprise companies deliver innovation more quickly than ever before, and in the most […]

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Automation and robotization to ensure industrywide streamlining and increase future growth potential SAN ANTONIO, March 1, 2023 /PRNewswire/ — The development of next-generation sequencing (NGS) technology, a wide array of informatics, and robotics are some of the most recent technological advancements in life science instrumentation and research tools. According to a recent study by Frost & Sullivan on the global market for life science instruments and research tools, investments in lab automation and analytics will hasten the growth of the lab instrumentation market. The global market is anticipated to grow at a compound annual growth rate (CAGR) of 6.4%, from $66.37 billion in 2021 to $90.41 billion in 2026. Digital Transformation Across Life Sciences Industry Boosts Instrumentation Market For further information on this analysis, please click here. "With the growing focus on decentralized diagnostics in both developed and developing economies, demand for portable instruments is expected to increase," said Lucila Martin, Healthcare Research Analyst at Frost & Sullivan . "Additionally, higher demand for smaller instruments has increased pressure on original equipment manufacturers (OEMs) to develop and supply parts to support the development of portable instruments." Martin added: "Democratization of NGS drove the growth of the global genomic sector, enabling […]

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