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Walmart is quietly preparing to enter the metaverse
Lauren Thomas, CNBC, 16 January 2022Walmart appears to be venturing into the metaverse with plans to create its own cryptocurrency and collection of NFTs. The big-box retailer filed several new trademarks late last month that indicate its intent to make and sell virtual goods. In a statement, Walmart said it is “continuously exploring how emerging technologies may shape future...
socio political environment
Why a wide-scale return to the office is a myth
Alex Christian, BBC, 15 January 2022For two years, employees have been waiting for ‘the day’ when everyone goes back to the office. The expectation was that once the pandemic had ended, everyone would collectively resume pre-Covid patterns of office-based working - yet that’s not how things have turned out. Two years on, employees around the world continue to face ongoing...
socio political environment
The new age of interventionism - the big state is back in business
Money Talks Podcast, The Economist, 13 January 2022In this episode of Money Talks, the panel discusses how governments around the world are deciding it is time to bring big business to heel. The podcast also explores how a suite of old tools is being dusted off and reimagined—from a return to picking winners to turning the century-old global tax system on its head, implying the big...
socio political environment
How old laws are being used to shut down independent journalism in Hong Kong
An-Ho Lai & Yuen Chan, NiemanLab, 12 January 2022Hong Kong has never been a democracy, but it was home to a vibrant media scene and enjoyed the free flow of information. This is the case no more. The National Security Law (NSL), unilaterally imposed by Beijing in 2020, cracked down on protest and effectively outlaws dissent. This law chills free speech and has already forced the closure of...
socio political environment
Adam Grant on the power of knowing what you don’t know
This Working Life Podcast, ABC, 11 January 2022In this episode of This Working Life, organisational psychologist and professor Adam Grant, from The Wharton School of the University of Pennsylvania, explores how to stay curious, find comfort in being wrong and create a "challenge circle" of people who actively challenge your beliefs. He also argues in today's rapidly changing work...
socio political environment
adaptive leadership
China Evergrande abandons corporate headquarters
Yusuke Hinata & Kenji Kawase, Nikkei Asia, 10 January 2022Embattled property company China Evergrande began removing its name from its corporate headquarters in Shenzhen on Monday. In a statement, the company said it had moved to a building it owns elsewhere in Shenzhen to save on rent amid its cash crunch. Evergrande is struggling with over $300 billion in debts, including around $20 billion in...
socio political environment
Will workers continue to pay a price for flexibility?
Katie Bishop, BBC, 10 January 2022Employees with non-traditional working arrangements have been punished in pay and promotions alike. It’s almost hard to remember a time before the pandemic when working flexibly was the exception, rather than the norm. Business leaders and decision-makers who might previously have frowned on flexible working have had the chance to experience a...
socio political environment
James Hardie CEO sacking highlights falling tolerance for workplace bullies
Patrick Hatch, The Sydney Morning Herald, 09 January 2022Bosses who intimidate and humiliate staff have been put on notice, as management experts say companies and employees are losing tolerance for workplace bullies. The $23 billion ASX-listed building materials giant James Hardie Industries shocked shareholders last week by firing chief executive Jack Truong over his “intimidating, threatening” and...
socio political environment
Citigroup to fire unvaccinated employees
David Henry, Noor Zainab Hussain & Anirban Sen, Reuters, 08 January 2022Citigroup Inc employees in the United States who have not been vaccinated against COVID-19 by January 14 will be placed on unpaid leave and fired at the end of the month unless they are granted an exemption, according to a company memo. The US bank is the first major Wall Street institution to follow through with a strict vaccine...
socio political environment
Charting the path to the next normal
McKinsey & Company, McKinsey & Company, 01 January 2022Is the pandemic now a second order issue for most people? Would you rather get to work on a bicycle or electric vehicle? Is second hand clothing the new black? Check out the most up-to-date data on consumer, business, investment, and social trends in McKinsey’s latest update of the world charts...
socio political environment