Search Results for: business

Business leaders who screw up struggle to own up and learn from their mistakes

Business leaders who screw up struggle to own up and learn from their mistakes

by • Business, News

Leaders making mistakes can be costly not only to the organisation, but also to their own job security, which makes it difficult for them to admit when there’s been an error. However, new research from emlyon business school shows that there are some techniques CEOs can use to frame these mistakes, in order to ensure they keep their jobs, but also make changes in their organisation. When there is this clear trade-off between admitting a mistake and potentially losing power and control in the organisation, it is important that CEOs use their language effectively to create a safe space for themselves in the organisation – but how can they do so? More →

Most business leaders think generative AI will be a boon for employees

Most business leaders think generative AI will be a boon for employees

by • News, Technology, Workplace

Four out of five (81 percent) business leaders in the UK say Generative AI will benefit their employees, according to new research from LinkedInFour out of five (81 percent) business leaders in the UK say Generative AI will benefit their employees, according to new research from LinkedIn. The top ways that UK executives believe Generative AI will benefit employees is by removing boring, repetitive tasks (64 percent), increasing productivity (52 percent) and freeing up time for bigger and more creative thinking (59 percent), according to the poll. One in three (31 percent) also believe that the rise of Generative AI will create brand new roles at their organisation. More →

Many business leaders inadvertently create a culture of fear at work

Many business leaders inadvertently create a culture of fear at work

by • News, Workplace

A new poll of workplace leaders suggests there is an environment of unconscious fear in modern-day leadership, leading to toxic culture, stunted growth, performance and productivity, and decision inertia. The global study of 2,500 emerging leaders in corporate businesses by consultant Margot Faraci, claims that around one quarter (23 percent) of UK leaders are unconsciously creating an environment of fear with direct reports. Globally, this figure rises to one in three (30 percent), indicating a growing worldwide phenomenon of fearful leadership. Fearful leadership carries significant implications for team morale, performance, and overall well-being within organisations. It’s often attributed to past experiences, creating an ongoing cycle of leadership driven by fear. More →

Why your business needs to invest in embedded BI

Why your business needs to invest in embedded BI

by • Company news, Technology

Alt text: A person working on a computer looking at two screens utilizing embedded BI tools.In this day and age, businesses are constantly searching for strategies to enhance their operational capability. With the advent of technology, numerous tools have emerged that aid companies in achieving a significant edge in the competitive business environment. One such essential tool is embedded business intelligence (BI), which is pivotal in making informed business decisions. Keep reading to learn more about embedded BI. More →

Canary in the coal mine: other business districts are watching what happens next for Canary Wharf

Canary in the coal mine: other business districts are watching what happens next for Canary Wharf

by • Cities, Features, IN Magazine, Property

Already the symbol of a bygone era, Canary Wharf runs the risk of becoming a relic unless it reinvents itself. And others are watching The first casualties of the already cliched injunction to make offices worth the commute were always going to be the world’s most inaccessible business districts. In the UK the most high profile of these is Canary Wharf, 52 hectares of former wasteland in East London that became a financial powerhouse. Part of the regeneration of the area that began in the 1980s, it became synonymous with the era and with Margaret Thatcher and her reform of the financial services sector. This came to pass even though its most iconic structure One Canada Square was only completed in 1990, shortly after she had left office and shortly before its developer filed for bankruptcy. More →

Boasting about ESG credentials can really put people off a business

Boasting about ESG credentials can really put people off a business

by • Environment, News

31 percent said they were “put off” a business that talks a lot about their ESG initiatives in the media and on social media.Efforts by some businesses to promote their environmental and social impact on society are pushing some customers away and risk damaging their reputations, according to a poll conducted by public relations agency, Clearly PR. Of the 2,072 business leaders, entrepreneurs, and marketing professionals polled, 31 percent said they were “put off” a business that talks a lot about their ESG initiatives in the media and on social media. More →

AI is giving business leaders the heebie-jeebies, new poll suggests

AI is giving business leaders the heebie-jeebies, new poll suggests

by • News

An overwhelming majority of business leaders (94 percent) admit to some form of 'tech anxiety' when it comes to AI, according to a new surveyAn overwhelming majority of business leaders (94 percent) admit to some form of ‘tech anxiety’ when it comes to AI and other technology, according to a new survey from Kin + Carta. This anxiety is on the rise as the pace of digital and technological change accelerates, and is prompting top executives to invest more in digital transformation, according to the survey. The report defines tech anxiety as the feeling senior leaders have as a result of the rapid pace of advancements in technology that are causing concern when it comes to how their business operates. While the top source of that anxiety is cyber security (cited by 24 percent of respondents), close behind, and rounding out the top three, are concerns over AI and machine learning (19 percent), and anxieties about sustainability strategy and tracking (17 percent). More →

People who drive networking in businesses often end up burnt out and abusive

People who drive networking in businesses often end up burnt out and abusive

by • Business, News, Wellbeing

People who adopt a role as a 'networking broker', connecting other colleagues and teams who might otherwise not know each other, often end up burnt out and more abusive towards their co-workers.People who adopt a role as a ‘network broker’, connecting other colleagues and teams who might otherwise not know each other, often end up burnt out and more abusive towards their co-workers. That is the key finding of a new study from ESSEC Business School published in The Journal of Organizational Science.  These networking go-betweens often receive career advantages such as faster promotions, unique information access, or a creativity boost. They play a critical role in the functioning of the organisational. However, there can be hidden psychological and social ramifications associated with this important role as they’re also more likely to suffer the consequences of being so socially adept. More →

Cost of living crisis and other employee concerns are top risk concerns of businesses

Cost of living crisis and other employee concerns are top risk concerns of businesses

by • News, Wellbeing, Workplace

The managers and owners of firms across the UK now believe that the cost of living crisis is the top risk to their business, closely followed by a range of employee related issuesThe managers and owners of firms across the UK now believe that the cost of living crisis is the top risk to their business, closely followed by a range of employee related issues, according to a new poll. Employee related risks in the top five include lack of skilled talent, employee retention and cost of salaries. Despite the cost of materials continuing to rise over the last 12 months, this risk has dropped back from first place in 2022. Risks relating to debts, late payments and fraud all make an appearance in the top ten for the first time. More →

Sluggishness in sustainability risks brain drain for businesses

Sluggishness in sustainability risks brain drain for businesses

by • Environment, News, Workplace

Employers are being urged to shore up their commitments to meeting sustainability and net zero targets or risk an exodus amongst younger workersEmployers are being urged to shore up their commitments to meeting sustainability and net zero targets or risk an exodus amongst younger workers. Nearly half (48 percent) of Gen Z workers agree they would consider leaving a job that didn’t walk the talk in its promises on sustainability. This is according to the latest Bupa Wellbeing Index, a landmark survey that uncovers the state of the nation’s health and wellbeing. More →

Business leader express concerns about ethics and implementation of artificial intelligence

Business leader express concerns about ethics and implementation of artificial intelligence

by • News, Technology

A report claims that the majority of business leaders still grappling with the skills and ethics needed to implement artificial intelligenceA new survey of 1,000 global business leaders claims that although leaders say they understand how valuable artificial intelligence can be to their business, over two-thirds (69 percent) say their organisation lacks the skills to fully implement artificial intelligence (AI) and machine learning (ML). The report – AI IQ: Insights on Artificial Intelligence in the Enterprise [registration] – also suggests that the majority of business leaders believe humans should be involved in AI decision-making, citing ethical and data concerns. More →

Businesses need to take real action to create a more sustainable workplace

Businesses need to take real action to create a more sustainable workplace

by • Comment, Environment, Workplace design

What action is actually being taken, including in the creation of a sustainable workplace?For the last decade, if not longer, we’ve heard businesses saying they are focused on reducing their environmental impact. It’s been written in annual reports and immortalised in pledges shared with stakeholders, but the question still remains – what action is actually being taken, including in the creation of a sustainable workplace? More →

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