Business
Nelson Peltz ended his brief campaign to secure a seat on Disney’s board and force it to change. The activist investor terminated his proxy battle after the company announced a restructuring of its business, which includes placing Disney+, its main streaming channel, in a new entertainment division overseeing all content decisions. Mr Peltz’s firm said the new strategy was “a win” for shareholders.
After months of rumours, Ford confirmed that it is cutting its workforce in Europe. The carmaker said that 3,800 jobs would go, accounting for 11% of its staff in the region. Most of the cuts will be in Germany and Britain, as Ford prepares to ramp up production of electric vehicles, which need fewer workers to make than petrol-powered cars.
In its latest forecast the International Energy Agency said that the share of renewable energy in the world’s power generation will rise from 29% to 35% in 2025. This means that, although the demand for electricity is expected to keep growing, and 70% of that increase will come from China, India and South-East Asia, emissions from the power sector will “plateau”.
2023-02-16 10:33:51
Original from www.economist.com
In today’s ever-changing economic landscape, businesses are continuously looking for ways to unlock their potential and gain a competitive advantage. Businesses need to stay ahead of the curve and have an effective, efficient, and innovative strategy to help them remain on top. To be successful, businesses must develop a comprehensive plan for growth that takes into account current and future trends, customer and market needs, and the latest tech advancements.
Businesses need to start with an analysis of their current offerings and capabilities. This is essential to identify what the business is currently doing well and determine where improvements or changes can be made. Businesses should also analyze the competitive landscape to better understand and gain insights into what strategies their competitors are using.
The next step is to develop a business strategy. This should outline how the business will handle current and anticipated challenges and opportunities, how the business will attract new customers and retain existing customers, as well as develop new products and services to meet customer needs. Creating an effective strategy requires an understanding of the customer’s wants and needs, creative solutions for providing value, and a commitment to investments to maintain a competitive advantage.
A key component of unlocking potential and gaining a competitive edge is embracing technology. Many businesses view technology as an expensive expense but it doesn’t have to be. Leveraging technology can help businesses become more efficient, productive, and competitive. Technology can also help businesses develop better customer experiences, and gain better insights into customer preferences and market trends.
Finally, businesses need to invest in their people. Cultivating a supportive and collaborative environment with clear metrics and expectations will help foster an engaged and motivated workforce, who understand and appreciate the company’s objectives. When people feel invested in the success of the business they will be more likely to contribute to its growth and success.
Businesses need to stay ahead of the competition, plan strategically, and embrace technology to succeed in today’s uncertain economy. By unlocking their hidden potential and staying ahead of the curve, businesses can remain profitable and competitive in the long-term.