Without personal growth there is no business growth. Without you as a founder improving, upgrading, and shedding old versions of you, you’ll stay stuck in the same size business with the same day-to-day from inception to retirement. All your energy will be spent just keeping afloat. That’s not the plan. If your workload is growing in direct proportion to your revenue, your ego might be putting a ceiling on your future. 5 ways your ego is stopping your business success getty Here are 5 ways your ego might be stopping your business success. 1. Keeping hold of responsibilities In the early days you did everything. Every task was yours, every process had your name on it. You took pride in owning every detail and rushing around making sure everything you committed to was done. Things are different now, but you haven’t quite changed enough. There are tasks you’re in charge of that could be owned by someone else. Deep down, you know it, but you’re not letting them go. Perhaps you’re scared someone else might do them wrong, you’re afraid of losing control or you’re kidding yourself they simply must be done by you. Either way, repeatedly doing old […]

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Shell Plc ’s new chief moved to overhaul the energy major’s core business units just a month after taking the helm. Shell will combine its integrated gas and upstream divisions, and merge its downstream and renewables units, it said Monday. It’s the second significant announcement in a week after Chief Executive Officer Wael Sawan launched a strategic review of the company’s struggling European home-energy retail unit. Sawan is under pressure to boost shareholder returns that have lagged those of key competitors. There’d been speculation that a shakeup was on the cards after activist investor Dan Loeb called on the company to break off its liquefied natural gas, renewables and marketing divisions into a standalone business. Shell’s cumulative total return has lagged several of its peers. Shell is now choosing to fold clean energy into the refining segment. It will also discontinue its strategy, sustainability and corporate relations directorate. Strategy and sustainability units will report directly to Chief Financial Officer Sinead Gorman. “Fewer interfaces mean greater cooperation, discipline and speed, enabling us to focus on strengthening performance across the businesses and generating strong returns for our investors,” Sawan said in a statement. “We’re changing to ensure we become a great […]

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RELATIONS| www.acwapower.com |ir@acwapower.com ACWA Power Company INVESTOR Non-deal Investor Education Deck ACWAPOWER30 January 2023 ACWA POWER INVESTOR RELATIONS | www.acwapower.com | ir@acwapower.com Disclaimer This document and the information contained therein (the "Information") has been prepared by ACWA POWER Company (the "Company" or "ACWA Power") for background purposes only and does not purport to be full, accurate or complete. No reliance may be placed for any purpose on the Information or its accuracy, fairness or completeness. The Information and opinions contained herein are provided as at the date of the presentation and are subject to change without notice. The presentation is the sole responsibility of the Company and has not been reviewed or approved by any regulatory or supervisory authority. This presentation contains financial information regarding the businesses and assets of the Company. Such financial information may not have been audited, reviewed or verified by any independent accounting firm. The inclusion of such financial information in this presentation or any related presentation should not be regarded as a representation or warranty by the Company or its affiliates, advisors or representatives or any other person as to the accuracy or completeness of such information’s portrayal of the financial condition or results […]

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China is emerging from nearly three years of self-imposed isolation, which has been a drag on the world’s second-largest economy. Earlier this month, Chinese officials reported 3% economic growth in 2022 – the second-lowest in at least four decades. But now that stringent COVID lockdowns have been lifted, officials say the country is back in business. Analysts, however, say it won’t be easy. Here is why. "Trust but verify" China has been trying to woo back foreign investors and businesses after nearly three years of disrupted supply chains, delayed logistics, stringent regulation on sectors ranging from consumer technology to property , and onerous lockdowns that shuttered factories. "More focus will be placed on expanding domestic demand, keeping supply chains stable, supporting the private sector, reforming the state-owned enterprises, attracting foreign investment and preventing economic and financial risks," Liu He, the country’s vice premier and one of its top economic policymakers, reassured business elite gathered at Davos in Switzerland earlier this month. Understandably, some remain skeptical. "Trust but verify," advises Nargiza Salidjanova, a China director at the research firm Rhodium Group. She says China-watchers are still waiting to see more substantial pro-business policy changes, such as giving private and foreign […]

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courtneyk via Getty Images Learning and development (L&D) teams are critical in helping organizations achieve their goals. The business suffers when employees don’t have the training and skills they need to do their jobs well. But L&D leaders sometimes struggle to show how their education initiatives impact the organization’s bottom line, especially when training doesn’t align with company goals in a way that mutually benefits the employee and the business. In 2023, L&D professionals must examine their operations from the inside out. One way they can do this and drive performance is by finding ways to partner with business unit leaders. Harnessing the true power of L&D Learning is critical in helping employees acquire new skills to keep up with the fast-paced changes in today’s world of work. Additionally, employees want to work at companies that invest in their development. Employers recognize this. Last year, employers spent an average of $1,207 on training per employee , up from $1,071 in 2021. Overall, U.S. training expenditures exceeded $100 billion for the first time in 2021-22, according to Training magazine data. When companies make those kinds of investments, they expect it to pay off. However, new data from Emergn, a global […]

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A chemical plant in Port Arthur, Texas. Access to state contracts, pensions focus of anti-ESG bills Model legislation targets ‘boycotts’ of fossil fuels, firearms Republican lawmakers in several statehouses are pushing to limit access to state contracts and pension funds for businesses with ESG investments and policies, forcing many firms to navigate a changing regulatory landscape. Bills proposed in roughly a dozen states this year would penalize companies for considering environmental, social, and governance factors—such as climate change or diversity issues—over financial returns. The activity adds to growing backlash against companies with ESG investment policies from doing business in states such as Texas and Florida, where GOP officials have launched high-profile battles against BlackRock Inc. and other asset managers. There are also anti-ESG proposals by Republicans in the US House. “It’s definitely come to a crescendo lately,” said Lance Dial, a partner at Morgan, Lewis & Bockius LLP, whose clients include asset managers, mutual fund managers, and pension fund managers. The state proposals are part of a larger political debate over ESG that includes disagreement over its overall definition and whether such factors align with a company’s fiduciary duties. Firms have been whipsawed between shareholders who have pressed them […]

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BENGALURU, Jan 30 – Indian chemicals and polymers maker SRF Ltd (SRFL.NS) reported a better-than-expected third-quarter profit on Monday, driven by strong demand in its chemical business. The company’s consolidated profit rose about 1% to 5.11 billion Indian rupees ($62.70 million) in the three months ended Dec. 31. Analysts, on average, had expected a profit of 4.92 billion rupees. Revenue for the Gurgaon-based conglomerate’s chemicals business grew 23% to 17.57 billion rupees on account of strong demand for certain key products such as fluorochemicals. The chemicals segment accounted for about 51% of the company’s overall revenue. SRF saw strong demand from overseas markets, higher capacity-utilisation of facilities and significant cost-savings across all product streams, the company said. Strength in the fluorochemicals business helped offset weakness in its packaging films business, which had to contend with a global demand slowdown and steep energy costs in Europe, it added. The company’s sale of products grew 1.7% to 33.69 billion rupees. SRF also approved three projects in the December quarter, including a capex project worth 5.95 billion rupees. Shares of the company closed up 2.9% at 2,194 rupees on Monday, ahead of the earnings. They fell 5.36% in 2022. ($1 = 81.5000 […]

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Business is better trusted than other institutions despite evidence to the contrary, such as accusations against Exxon Mobil that it knew — but hid — the dangers of climate change. You’d think that people would have learned their lesson after years of financial industry gimmickry, corporate tax avoidance and mistreatment of workers. You’d think they’d get wise when they see companies moving their business off shore and stashing profits overseas. Or when corporations engage in mass layoffs during tough times while paying exorbitant salaries and bonuses to top executives. Or when business interests fight against raising the minimum wage, try to keep out unions or fail to improve unsafe working conditions. But no. Despite the evidence before their eyes, most people around the world and in the United States still trust business to “do what is right” more than they trust other big institutional sectors. Nicholas Goldberg served 11 years as editor of the editorial page and is a former editor of the Op-Ed page and Sunday Opinion section. That’s the key finding in a report by the giant public relations firm Edelman, released earlier this month to coincide with the gathering of the world’s power brokers and tycoons […]

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zkolra/iStock/Getty Images Plus Neil Hare is the President and CEO of GVC Strategies, a former VP of Communications at the US Chamber of Commerce and a long-standing member of the Chamber’s Small Business Council. The views expressed here are his own. The recent GOP attacks on the business community, including its leading advocacy group the US Chamber of Commerce, arguably contributed to a poor showing in the 2022 midterms and is not the answer for success in the presidential and congressional elections in 2024. The main policy targets for these attacks include business endorsements of Democratic candidates in the midterms, “wokeness” in corporate strategy and support for free trade and immigration reform. Fear mongering on these topics has yielded positive results in rallying some of the GOP base, but most Americans take as much pride in our free enterprise system as they do in democracy and our military, so overall trashing it is a losing message. One key area for the GOP to flip the script is on meaningful immigration reform. Rep. Chip Roy (R-Tex), is attempting to introduce a bill that would empower the Homeland Security Secretary to unilaterally bar all undocumented migrants from entering the United States […]

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Small businesses in New Albany, Indiana, impacted by unprecedented dual effects of the road and bridge improvement projects, will soon be able to apply for no-interest loans through the New Albany Central Business District Loan Program, according to a news release. This loan fund may be used to help cover overhead and operational costs such as payroll, rent and utilities to assist these businesses in maintaining operations throughout these lengthy but necessary projects, the release said. The NACBDLP is a program of the ONE Fund, administered by One Southern Indiana and is intended to keep the affected small businesses viable so they can benefit from the public road and bridge investments. Eligible businesses must operate out of a brick-and-mortar location within the Central Business District of the City of New Albany as an in-person retail, restaurant or bar or personal services establishment. They must be able to show a current lease agreement, building loan agreement or building ownership. They must have 50 or fewer full-time employees, have been in business at least two years (or show monthly profit and loss statements and business growth), and have no federal or state liens nor any outstanding judgments. Loan applications will be […]

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