Future business success: How diverse companies perform better

Future business success: How diverse companies perform better

(Credit: fizkes – stock.adobe.com) What factors come to mind when thinking about business success? Perhaps it’s an innovative product or service that meets a market need, inspiring leadership, or a solid business plan. A diverse employee base may not be the first idea to come to mind — but it should be. With diverse and inclusive companies 35% more likely to financially surpass their competitors, diversity, equity, and inclusion (DE&I) ought to be a top priority for every HR team. Building DE&I initiatives doesn’t need to be difficult; businesses can start by sharing a survey with employees to better understand their current diversity metrics. Investing in employee development for underrepresented groups can start to address equity gaps. To increase inclusivity, businesses can implement employee resource groups and facilitate better quality staff training. Inclusive environments lead to happier employees, and it’s no secret that happier team members are productive. So, let’s discover how adopting diversity initiatives can create an inclusive and fruitful business. Share skills, innovation, and creativity It’s time to stop seeing differences as dividers; they are what make us unique and give us individual perspectives on life. Having a workforce with varied backgrounds, skills, education, and experiences means […]

Next mayor must have a plan to tackle the city's $34 billion in pension debt

Next mayor must have a plan to tackle the city’s $34 billion in pension debt

Paul Vallas, left, and Brandon Johnson (Bloomberg) — Chicago is guaranteed a new mayor after voters rejected incumbent Lori Lightfoot’s bid for a second term. With the looming leadership change, investors want to know whether the city will keep up recent financial momentum or return to old bad habits. The third-largest US city escaped from junk-rating territory late last year after paying more into its long-strained pensions that are still short nearly $34 billion. The mayoral runoff contenders — Cook County Board Commissioner Brandon Johnson and Paul Vallas, the former Chicago schools chief, have starkly different approaches for how to address that shortfall and the rest of the challenges facing its 2.7 million residents. More Vallas picks up Jesse White endorsement as he busts campaign giving cap “Preserving and furthering the financial and credit improvements should be a top priority for any candidate,” said Dora Lee, director of research at Belle Haven Investments, which holds Chicago debt as part of $15 billion in muni assets. “Campaign promises are very easy to make but very hard to execute. However, they will be easier to accomplish if the city is on a sound financial footing.” The city has long struggled with […]

Services PMI® at 55.1%; February 2023 Services ISM® Report On Business®

Services PMI® at 55.1%; February 2023 Services ISM® Report On Business®

Business Activity Index at 56.3%; New Orders Index at 62.6%; Employment Index at 54%; Supplier Deliveries Index at 47.6% TEMPE, Ariz., March 3, 2023 /PRNewswire/ — Economic activity in the services sector expanded in February for the second consecutive month as the Services PMI ® registered 55.1 percent, say the nation’s purchasing and supply executives in the latest Services ISM ® Report On Business ® . The sector has grown in 32 of the last 33 months, with the lone contraction in December. The report was issued today by Anthony Nieves, CPSM, C.P.M., A.P.P., CFPM, Chair of the Institute for Supply Management ® (ISM ® ) Services Business Survey Committee: "In February, the Services PMI ® registered 55.1 percent, 0.1 percentage point lower than January’s reading of 55.2 percent. The composite index indicated growth in February for the second consecutive month after a reading of 49.2 percent in December, the first contraction since May 2020 (45.4 percent). The Business Activity Index registered 56.3 percent, a 4.1-percentage point decrease compared to the reading of 60.4 percent in January. The New Orders Index expanded in February for the second consecutive month after contracting in December for the first time since May […]

Tonya Willis: Charleston District’s Small Business Programs ‘Door to the Corps’

Tonya Willis: Charleston District’s Small Business Programs ‘Door to the Corps’

For small businesses looking to work with the U.S. Army Corps of Engineers, Charleston District, the easiest way is to listen to the excitement and passion coming from the voice of Tonya Willis, the office of small business programs chief. PRINT | E-MAIL For small businesses looking to work with the U.S. Army Corps of Engineers, Charleston District, the easiest way is to listen to the excitement and passion coming from the voice of Tonya Willis, the office of small business programs chief. Willis, with her infectious smile and energy, leads the small business program efforts and relishes her role as a facilitator to others. “I love to connect small businesses with the government and keep them in the forefront of government thoughts, said Willis. “We create contracts with different entities and are always thinking about how to employ and engage small businesses.” It’s an important job, as the number of small businesses in the United States as of 2022 is 32.5 million and comprises 99.9% of all American businesses, according to the Small Business Association. In fiscal year 2022, the district had a successful year, obligating 760 contracts totaling $293 million with 61% of contract dollars obligated to […]

How To Start A Business In Alabama (2023 Guide)

How To Start A Business In Alabama (2023 Guide)

1. Choose a Business Name You must form your business with a formal business name, so start by choosing a name for your business. This could be a brand name you want to use publicly or just a name you’ll use officially for the business entity. You can choose almost any name you want for your business, as long as it: Is not being used by another business entity registered in Alabama. You can use the state’s business entity search to see if your name is available in Alabama . Doesn’t include words or abbreviations that imply it’s a different kind of business entity than it is. For example, an LLC can’t include “Corp.” or “Inc.” in the name. Doesn’t imply it’s a bank, trust, insurance or public service company or a profession that requires a license, such as an architect, a doctor or an engineer. Your registered business name is required to include words or abbreviations that indicate the structure of the business, including: Corporation : Corporation, incorporated, Corp. or Inc. Limited liability company : Limited liability company, L.L.C. or LLC Limited partnership : Limited partnership, L.P. or LP Limited liability partnership : Limited liability partnership, L.L.P. or […]

Apple Stock Has 5 Underappreciated Catalysts In The Year Ahead, Analyst Says

Apple Stock Has 5 Underappreciated Catalysts In The Year Ahead, Analyst Says

Apple ( AAPL ) stock has five underappreciated catalysts that could drive it higher over the next 12 months, according to investment firm Morgan Stanley. They include Apple’s first new product category launch in eight years. On Friday, Morgan Stanley analyst Erik Woodring reiterated his overweight, or buy, rating on Apple stock, calling it a "top pick." He also raised his price target to 180 from 175. In morning trades on the stock market today , Apple stock climbed 2.7% to 149.89. "We see a catalyst-rich event path over the next 12 months that is underappreciated by investors," Woodring said in a note to clients. Those catalysts include reaccelerating iPhone and services growth and improving gross profit margins. He also sees two major product launches and the possible introduction of an iPhone subscription program. Apple Stock Faces Challenges Near Term But Apple stock has some challenges to overcome in the meantime, he said. "In the near term, weaker consumer electronics spending, a challenging macro backdrop, FX (foreign exchange) headwinds, iPhone production shortages, and lingering Covid restrictions are headwinds that are likely to result in Apple’s first fiscal year of revenue and EPS (earnings per share) declines since 2019," Woodring […]

Business strategist, former political aide Alice Rolli enters Nashville mayoral race

Business strategist, former political aide Alice Rolli enters Nashville mayoral race

Alice Rolli served as assistant commissioner of strategy for the Tennessee Department of Economic and Community Development under former Gov. Bill Haslam. Her experience includes managing Sen. Lamar Alexander’s 2014 campaign and leading strategy for education technology companies. Rolli spearheaded a petition effort to prevent development around Fort Negley in 2017. Alice Rolli, a former aide to Gov. Bill Haslam and campaign manager for Sen. Lamar Alexander, is the latest candidate to enter the race to be Nashville’s next mayor. Rolli announced her campaign Friday, joining a growing list of candidates to launch mayoral runs after sitting Nashville Mayor John Cooper revealed he would not seek a second term . "This is a campaign about listening to residents across the county and together setting priorities for our city’s next chapter," Rolli said in a statement announcing her mayoral bid. Her professional experience in business and education strategy spans public and private sectors. Rolli served as an assistant commissioner of strategy for the Tennessee Department of Economic and Community Development under Haslam. Her experience with political campaigns includes managing Alexander’s successful 2014 U.S. Senate campaign and serving as senior adviser for Randy Boyd’s unsuccessful 2018 bid for Tennessee governor. Rolli […]

Why Priyanka Chopra And Nick Jonas Are Investing In The Food Business

Why Priyanka Chopra And Nick Jonas Are Investing In The Food Business

The CEO of The Naked Market (the incubator of Rob’s), Harrison Fugman, Priyanka Chopra, and Nick … [+] Rob’s Backstage Popcorn Priyanka Chopra and Nick Jonas have a penchant for investing in the food business. Over the last few years, Chopra has not only opened a NYC-based restaurant ( Sona ), but invested in InnerChef and Olipop while Jonas has invested in Saucey , Snackpass , Magic Spoon , and more. before founding Rob’s Backstage Popcorn with his bandmate brothers in 2021. “For me, Rob’s is rooted deeply with the band and even traces back to our New Jersey start,” says Jonas. He first tried the popcorn at the home of Rob Garbowsky, the dad of the Jonas Brothers’ former bassist (and current member of our management team) Greg Garbowsky, after a show. “I knew I had to convince them to bring this popcorn on tour with us and after years of Rob bringing it backstage for our friends and family to eat, we began to tweak the recipe and bring it to life with brand incubator, The Naked Market,” he says. “Now, we’re in over 8,000 stores just a year and a half later, which is a testament […]

Industrial Digital Transformation Top 25 For 2022

Industrial Digital Transformation Top 25 For 2022

Executive Overview The second annual ARC Industrial Digital Transformation Top 25 report continues to highlight companies that are succeeding at integrating digital technology into all areas of business, fundamentally changing the way they operate and deliver value to customers. Based on a rigorous process using financial indicators, transformation indicators, and collective community intelligence, this report identifies and ranks leaders in this complex space. Methodology changes were introduced in this year’s report, including the addition of the ARC sustainability index, which is an expansion and replacement of the ESG index reported last year, a reduction in the weighting of the financial indicators and an increase in the weighting of the transformation indicators. Eight new companies joined this year’s list. Seven companies dropped off the list and several companies moved either up or down in this list. This movement is an expected outcome, especially given the year over year changing dynamics, and shifting weighting of the three main components of the analysis – financial indicators, transformation indicators, and collective intelligence. Digital transformation leaders can be found across many different industries, sharing common traits and visions, helping them overcome complex challenges to innovate and stay agile. The companies mentioned in this report […]

Edwards Lifesciences turns to Christie for digital transformation

Edwards Lifesciences turns to Christie for digital transformation

Sound Image installed two 5m x 3m Christie LED videowalls and a Christie Spyder X80 image processor in a 126-seat executive conference centre for Edwards Lifesciences. The integrator worked with technology consultant Plannet to design the display system for the medical technology company in Irvine, California. Microphones were installed at each seat. Six cameras are used at the front and two in the rear of the room, in conjunction with the Spyder X80, which enables multi-window and self-configurable full auto-tracking during video calls. Edwards specified an off-board power supply and indicated that it required a fully redundant space that included full video production suite as well as self-serviceability. The two 1.2mm LED video walls were installed with redundant Christie E600 controllers.