The opposite of micromanagement is a leadership approach in which trusted workers are given training, expectations and the authority to find solutions and make decisions on their own, says John Baldoni in this blog post and video. That gives bosses the space to focus on big-picture thinking and also helps get the best out of their newly empowered employees. "Let the direct reports share what they've experienced and how they would do things differently, if at all, the next time," Baldoni says.
Disney is following Uber and the hotel industry's lead, and embracing variable pricing at its parks. Increasing prices during busy periods might sound like a way to annoy customers, but it could allow Disney to ensure a better experience for its guests, says theme park expert Martin Lewison. "When you get into the park and it's wall-to-wall people, it really degrades the guest experience. You want to push off the crowds to the nonpeak days," he explains.
In outgoing Education Secretary Arne Duncan's seven-year tenure, he leaves behind five primary legacies, Frederick Hess, director of education policy studies at the American Enterprise Institute, writes in this commentary. The legacies include ushering in several federal-education initiatives, including investments in prekindergarten and free community college.
The New York State Department of Financial Services has granted bitcoin exchange Gemini Trust, founded by Cameron and Tyler Winklevoss, a banking charter. "We didn't apply for a BitLicense because we wanted to build an exchange that both Main Street and Wall Street could use and trust, so we decided to obtain a limited liability trust company charter in order to do so," said Gemini CEO Tyler Winklevoss. The exchange opens Thursday.
Several Associated Food Stores have partnered with Robinson Fresh to launch a produce program that offers a discount variety of "ugly" seasonal fruits and vegetables. The Misfit program aims to raise awareness and encourage the reduction of food waste, and offers a treasure hunt experience for customers, the companies said.
People may need to do moderate exercise for two to four times the recommended 150-minute per week minimum to significantly lower their risk of heart failure, according to researchers who analyzed 12 studies that tracked 370,000 people for an average of 15 years. The study in the journal Circulation linked exercising two times the recommended minimum level to a 20% lower risk of heart failure and four times the minimum to a 35% reduced risk.
Twitter's much-anticipated Project Lightning has reportedly evolved into Moments, a service that culls videos, images and tweets around events much like Snapchat Stories. Unlike Snapchat, Twitter will combine user submissions with content from mainstream outlets and allow media companies to create their own packages.
Online retail startup Jet has been spending $5 million a week on a national, multi-channel ad campaign that helped send it to fourth place on ChannelAdvisor's list of most popular marketplaces less than a month after its launch. The company will spend about $100 million on old-school advertising over the next year, CEO Marc Lore said, as it competes with Amazon and other established players by expanding the pool of online shoppers.
The "dark Web," where hackers buy and sell stolen information, shows how cybercriminals can adapt, security expert Brian Krebs said at a conference. The rising number of hacking incidents "has everything to do with the innovation coming out of the underground and broadly available software that allows bad guys to hijack (point of sale systems) remotely," Krebs said.
Xoma has agreed to license its anti-transforming growth factor-beta antibody program to Novartis in a deal worth over $500 million. Xoma's anti-transforming growth factor-beta, an immune suppressive cytokine, is involved in suppression of the immune system, cell growth inhibition and other cellular processes. Under the terms of the agreement, Xoma is entitled to an upfront payment of $37 million and as much as $480 million in milestone fees.
HTC's smartphone woes continued in its latest earnings report, as the Taiwanese vendor's revenues dropped by nearly half compared with the same period in 2014. The company reported a net loss of about $138 million in the quarter after posting a slim profit a year ago. By some estimates, HTC's global market share has dropped to about 2% after disappointing sales from its latest flagship phone, the One M9.
Rolls Royce plans to invest nearly $600 million to renovate and upgrade its manufacturing facility in Indianapolis. Work on the project has already started and will take about five years. State and city incentives worth $35 million will cover part of the cost.
New coal-fired power plants would emit approximately 92% to 106% more greenhouse gases than a comparable liquefied natural gas plant, even if the plant was to use LNG shipped from the US, according to a study conducted by Pace Global for the Center for Liquefied Natural Gas. "Even under the most extreme scenario, power produced from coal in these markets gives off almost twice the emissions as US-produced LNG," said Center for Liquefied Natural Gas spokesman Casey O'Shea.
An unusual hotel concept has made its Netherlands debut: hotels built of sand, modeled on the sand castles of your youth. They're inspired by the ice hotels in Finland and Sweden but are far more comfortable, the developers say. Two have been built in cities where sand sculpture festivals are held. Like the ice hotels, they're dismantled when the season ends.