https://www.capital.gr/forbes/forbes-30-under-30-2021
Topics: Οργανωσιακή Θεωρία και Συμπεριφορά (Organizational Behavior), Επιχειρηματικότητα (Entrepreneurship), Εταιρική Κοινωνική Ευθύνη (Corporate Social Responsibility), Strategic Management, Leadership , Organizational Culture and Change
https://www.capital.gr/forbes/forbes-30-under-30-2021
https://www.axios.com/inequality-harder-ignore-a37be900-c8d3-474d-93fb-943b8a0da345.html
https://www.capital.gr/forbes/3501371/oi-treis-plousioteroi-anthropoi-tis-amerikis-den-katabaloun-foro-eisodimatos
https://www.nytimes.com/2020/12/04/upshot/epidemiologists-virus-survey-.html?searchResultPosition=1
https://www.strategy-business.com/blog/Why-employee-surveys-like-political-polls-are-misleading?gko=6a04e&utm_source=itw&utm_medium=itw20201203&utm_campaign=resp
https://www.mckinsey.com/featured-insights/future-of-work/whats-next-for-remote-work-an-analysis-of-2000-tasks-800-jobs-and-nine-countries?cid=other-eml-alt-mgi-mck&hdpid=1cfa80cb-a39d-4a6d-9137-edf6787e862f&hctky=11703013&hlkid=aa1bb300011d4c91ac0965d3ed10ca77
"Technology has helped make life tolerable in the pandemic. And whenever it becomes normal again to leave the house for work, school and shopping, we won’t be going back to the way it was. What were conveniences before the pandemic now seem necessities that we’re unlikely to give up even after there’s widespread immunity to the coronavirus. And there are a number of reasons this new stay-at-home economy will likely be an important part of the new normal.
First, companies have made huge investments in the infrastructure needed to deliver goods and services to our homes quickly and efficiently, which means those products are now easier to use and often less expensive. Second, families have also invested in the services and gadgets to keep their members safe and sated while sheltering in place. Third, our habits have changed: Many people have gotten over the “hump” of adopting new technologies earlier than they otherwise might have. And finally, hundreds of thousands of Americans who lost traditional jobs in retail and service—on showroom floors and inside restaurants—have found new ones working in online order fulfillment and delivery. Even those who retained their jobs are seeing their roles shift to address these new conduits for economic activity."
Work-from-home employees whose days seem longer, with more meetings and emails than ever before, may find a new Harvard Business School study validating.
An analysis of the emails and meetings of 3.1 million people in 16 global cities found that the average workday increased by 8.2 percent—or 48.5 minutes—during the pandemic’s early weeks. Employees also participated in more meetings, though for less time than they did before COVID-19 sent many workers home.
“There is a general sense that we never stop being in front of Zoom or interacting,” says Raffaella Sadun, professor of business administration in the HBS Strategy Unit. “It’s very taxing, to be honest.”
Shifting to remote work at the start of the pandemic stripped away whatever was left of the elusive 9-to-5 business day and replaced it with videoconferencing and “asynchronous work.” With at least 16 percent of Americans planning to keep working from home part of the time after COVID-19 abates, researchers are probing how virtual interaction might reshape organizations.
In the first large-scale analysis of digital communication early in the crisis, the team—Sadun; Jeffrey T. Polzer, the UPS Foundation Professor of Human Resource Management; HBS doctoral candidate Evan DeFilippis; New York University doctoral student Stephen Michael Impink; and former HBS research associate Madison Singell—studied aggregated, anonymous emails and meeting invitations of employees at 21,500 companies in North America, Europe, and the Middle East.
“THERE IS A GENERAL SENSE THAT WE NEVER STOP BEING IN FRONT OF ZOOM OR INTERACTING. IT’S VERY TAXING, TO BE HONEST.”
“The role of an office is to congregate and help people work together,” Sadun says. “For us, the question was, ‘What happens when you cannot have that physical space anymore?’ How do people adjust their work patterns?”
The team compared the frequency and timing of emails sent within and outside organizations eight weeks before the start of pandemic-related lockdowns and eight weeks after. On average, they found that:
Sadun and Polzer also analyzed meeting invitations—the quantity, duration, and number of attendees—and observed that:
Perhaps most striking: As researchers compared the time when people started sending emails and attending meetings each day and when they ended, they saw that the average workday lasted 8.2 percent longer, an extra 48.5 minutes. While it’s unlikely that employees worked continuously during that period, Sadun suspects that employees adopted more fluid schedules to accommodate interruptions from, say, a child struggling with virtual learning or a sick family member.
“Unless you really are able to create distinct boundaries between your life and your work, it's almost inevitable that we see these blurring lines,” she says.
The research team detailed their findings in the working paper Collaborating During Coronavirus: The Impact of COVID-19 on the Nature of Work, released by the National Bureau of Economic Research in July.
The anonymized nature of the data made it difficult to discern the quality of the meetings and email communication, and the impact on employees’ well-being. The study also didn’t include the time spent on collaboration tools, such as Slack and Microsoft Teams, which have become increasingly popular.
To tackle some of these questions, Sadun has been studying how 300 knowledge workers have been spending their time during the pandemic and how those activities affect their moods and perceived effectiveness. So far, the preliminary conclusions have been highly varied and personal.
“This is one of those things where it’s hard to make one statement for everybody,” Sadun says. “If you have a large house, life is good. If you have to combine your bedroom with your office, it’s not as good.”
It doesn’t take a detailed time log to know that videoconferencing fatigue has long set in for many employees, a likely factor in shrinking meeting times. Gathering in person doesn’t seem as draining as staring at a screen.
“The issue with Zoom is that you’re always on there. You have to show a concentrated face the whole time,” she says. “It's very unnatural to be constantly looking attentive for hours.”
The pandemic workforce has created a significant challenge for managers, Sadun says. She offers three pieces of advice to leaders of remote workforces:
Sadun, who spent the spring advising the Italian government about how to reopen its economy post-lockdown, hasn’t been immune to the pandemic’s disruption. But, for an academic analyzing a once-in-a-century pandemic and its economic fallout, working has been a way of coping.
“This is our way to make sense of the world,” Sadun says. “We try to make ourselves useful because we understand that there is something really big happening around us.”
Danielle Kost is senior editor of Harvard Business School Working Knowledge.
[Image: iStock Photo]
https://www.theverge.com/platform/amp/2020/11/8/21553014/virgin-hyperloop-first-human-test-speed-pod-tube?utm_source=morning_brew
https://www.strategy-business.com/article/Best-Business-Books-2020-Management?gko=16c0a&utm_source=itw&utm_medium=itw20201111&utm_campaign=resp
During the 1990s, Portugal was devastated by a drug crisis where one in every 100 people became addicted to heroin and the rate of HIV infection soared to become the highest in the European Union. Portugal's radical move to put an end to the carnage should prove an example to other countries dealing with similar problems, especially the United States where opioids have killed more people than the totality of American military casualties in Vietnam, both Iraq wars and Afghanistan combined. That move was decriminalizing the consumption of all drugs and Portugal became the first country to do it.
The policy saw the status of using or possessing drugs for personal use remain illegal. However, offenses were changed from being criminal in nature which involved prison as a possible punishment to being administrative if the amount possessed was no more than a ten-day supply. Needle exchange programs have also been in place since 1993 and today, all drug users can exchange syringes at pharmacy counters across Portugal. Drug treatment was also expanded and improved with successful results.
Finding historical data highlighting the severity of the addiction problem during the late 1990s is difficult but some important numbers do exist which help to show just how remarkable Portugal's recovery has been. The following infographic pulls data together from several sources to illustrate some key developments. Back in 1999, Portugal experienced 369 overdose deaths and in 2016, the number was just 30. The number of new HIV diagnoses due to injecting has plummeted from 907 in 2000 to 18 in 2017. The new laws have also had an impact on incarceration with the number of people behind bars for drug offences falling from 3,863 in 1999 to 1,140 in 2017.
https://www.ibm.com/thought-leadership/institute-business-value/report/hr-3?utm_medium=Email&utm_source=Newsletter&utm_content=000038GP&utm_term=10012001&utm_campaign=PLACEHOLDER&utm_id=externalideawatch&cm_mmc=Email_Newsletter-_-Audience+Innovation_Innovation-_-WW_WW-_-externalideawatch&cm_mmca1=000038GP&cm_mmca2=10012001&cm_mmca3=PLACEHOLDER
https://www.mckinsey.com/business-functions/organization/our-insights/todays-skills-tomorrows-jobs-how-will-your-team-fare-in-the-future-of-work?cid=podcast-eml-alt-mip-mck&hdpid=b36c2373-2485-41ee-aff7-7ff12a546cf0&hctky=2920544&hlkid=b93250f307a2481a9733e11edf64a735
Hey, you. Looks like you’re making some cool, spiky shots in there. How’s it going?
AstraZeneca: Better than it was. We had suspended our late-stage vaccine trial after a participant developed neurological symptoms. But this week we restarted it when independent monitoring committees and international regulators agreed that it was safe to resume.
Johnson & Johnson: Same here; we’re back up and running after a reported stroke incident in a volunteer. Outside experts and the FDA sniffed around and said we’re good to go.
Pfizer: Optimistic. The current trial with BioNTech could reveal our vaccine's effectiveness by late November, which would be the first from any vaccine candidate. We could potentially get emergency authorization by the end of the year.
Herd immunity: Stock is down. Doctors don’t know yet if antibodies = immunity, but it may not matter. A study published Monday showed the number of people with antibodies dropped significantly (27%) in a three-month period, indicating that any immunity could be temporary.
Big picture: The U.S.’ vaccine game is high-stakes. Any slip-ups in the program—such as only four out of six candidates proving effective, or not enough people getting vaccinated—could mean we’ll be dealing with the virus well into 2023. But if everything goes smoothly, we could turn the tide by July of next year.
+ FYI: On Monday, Dr. Anthony Fauci told Yahoo Finance that the “primary endpoint” of a vaccine is “to prevent clinically recognizable disease,” aka stamping out symptoms, rather than eliminating the virus entirely.
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https://www.tanea.gr/2020/10/09/economy/xathikan-15-dis-eyro-apo-ti-fygi-450-xiliadon-epistimonon/
https://www.ethnos.gr/ellada/127359_brain-drain-elleipsi-axiokratias-kai-diafthora-diohnoyn-toys-neoys-sto-exoteriko
https://www.washingtonpost.com/technology/2020/10/01/twitter-work-from-home/?arc404=true
In a big milestone for the self-driving industry, Waymo said yesterday it will open up its autonomous ride-hailing service to the general public in metro Phoenix, AZ.
That means in the next few weeks, people in the Phoenix area can a) hail a taxi like they would a Lyft or an Uber b) hop in a car that’ll know where they want to go and c) be taken to that destination. The only difference? The car will be driving itself.
Now, we’re supposed to be detached business reporters, but we just have to say...
Great googly moogly that’s cool.
Waymo, Alphabet’s self-driving vehicle division, has been testing its cars in the Phoenix area since 2016, slowly upgrading its tech and capacity to eventually roll out a fully fledged commercial service.
Hundreds of human guinea pigs have been experimenting with the robotaxi service through the Waymo One app. The announcement yesterday expands the current program in two ways:
We’ve managed to get through 200 words of a story without mentioning Covid-19, which unfortunately must make an appearance now. The pandemic has forced Waymo to limit the scope of its service by restricting it to fully driverless rides. It’s working on installing barriers in its vehicles so down the road it can plunk a human safety driver in the front seat and address a larger geographical market.
Zoom out: Other car companies like Tesla and GM are racing to introduce driverless vehicles, but Waymo has recently separated itself from the pack. This spring, it raised $3 billion to accelerate the rollout of its commercial service, the first time it’s cashed a check from a company not associated with Google.
01 OCT 2020WHAT DO YOU THINK?
by James Heskett
The Business Roundtable, comprising 181 corporate leaders, issued last year its “Statement on the Purpose of a Corporation,” regarded by some as a repudiation of the notion that a business is run primarily for its shareholders.
It was an endorsement of a tenet known as stakeholder capitalism, where the purpose of a business is seen as benefitting all of its stakeholders—customers, employees, and communities as well as shareholders. Some saw it as a tipping point for corporate governance. Others saw it as a public relations move.
Lest proponents of stakeholder capitalism celebrate too soon, a new study of recent corporate behavior in more than 600 organizations in the United States and Europe, financed by the Ford Foundation, concludes that since the inception of the COVID-19 pandemic, the adoption of the Statement “has failed to deliver fundamental shifts in corporate purpose in a moment of grave crisis when enlightened purpose should be paramount.”
While lauding the work of several organizations, its authors cited examples from Amazon, Salesforce.com, and Marriott International to bolster the conclusion that, under stress, leaders still turn to the same old priorities associated with short-term shareholder value.
"UNDER STRESS, LEADERS STILL TURN TO THE SAME OLD PRIORITIES ASSOCIATED WITH SHORT-TERM SHAREHOLDER VALUE."
Critics of the study have suggested that it was conducted too soon after adoption of the Statement. For example, Salesforce CEO Marc Benioff suggested that the Statement was intended to foster long-term change. Other Statement supporters argued that short-term moves such as layoffs, interpreted by some as running counter to the Statement’s ideals, were balanced by concern for the long-term survival of the organization so important to other employees able to keep their jobs.
In the midst of this debate, Harvard economist N. Gregory Mankiw addressed again the question framed so eloquently 70 years ago by Milton Friedman in his famous article, “The Social Responsibility of Business Is to Increase Its Profits.” (Incidentally, Friedman made no reference to either short- or long-term profitability in the article.) Mankiw wrote recently that we may be expecting too much of corporate boards and CEOs if we put primary responsibility for stakeholder capitalism in their hands. Incentives influenced by market-based competition nudge them toward short-term optimums regardless of their good intentions.
Mankiw concludes that it is unrealistic to place responsibility for such things as the rule of law, property rights, the environment, and the more equal distribution of wealth in the hands of those guiding for-profit public corporations. That’s the role of public servants. As he puts it, “the world needs people to look out for the broad well-being of society. But those people are not corporate executives. They are elected leaders who are competent and trustworthy.”
Is Milton Friedman’s philosophy an invitation, ironicaslly, to more active public governance? Is stakeholder capitalism in the wrong hands? What do you think?
Business Roundtable, Purpose of a Corporation: One Year Later , Businessroundtable.org, accessed September 28, 2020.
Peter S. Goodman, Stakeholder Capitalism Falters in Study , The New York Times, September 22, 2020, pp. B1 and B4.
N. Gregory Mankiw, A Balancing Act Many C.E.O.s Can’t Do , The New York Times, July 26, 2020, p. BU.
Bronagh Ward, Vittoria Bufalari, Mark Tulay, Sara E. Murphy, Richa Joshi, Nick Cohn Martin, COVID-19 and Inequality: A Test of Corporate Purpose , KKS Advisors and The Test of Corporate Purpose, September 23, 2020, accessed September 28, 2020.