Craft beer brewers are innovating, creating jobs and gaining market share with pricier, high-quality products, and lessons from the beer industry can offer insights into other industries, writes Derek Thompson. "Alcohol regulations have long discouraged vertical consolidation, encouraged retailers to leave room for new brands, and more recently made it easier for individuals to introduce their own batch of beer to the market," he writes.
Leaders who admit their mistakes and take responsibility show self-awareness and strength, notes John Baldoni in this blog post and video. "Leaders accomplish very little by themselves -- they survive or fail on the actions of those they lead," he says.
Decision-making is often hampered by a complicated organizational structure where no one feels they can make the call, among other factors, say Aaron De Smet and Leigh Weiss of McKinsey. They identify and discuss the four types of decisions and what organizational actions need to happen with each.
Strategic vision comes about as the result of a core business model -- how a company will sustainably and profitably develop and deliver products or services to customers in a distinctive way, writes David Duryea. "You see many people have great ideas but cannot attain a sustainable product and business operation," he writes.
Studies show taking frequent short breaks helps restore mental clarity and focus, particularly during the afternoon lull many of us experience, writes Daniel Pink. Researchers tell us to get up, talk to people and get outside if possible to restore our energy, focus and mood, he writes.
Jeff Lawson, chairman and CEO of Twilio, says he leads by empowering others and projecting his passion into the company's culture. "If you feel like at the end of the day you're building something that's meaningful, something the world needs and something that you feel passionate about bringing into existence into the world, that's the fuel that helps you do everything that you do as an entrepreneur," says Lawson.
The French islands of Saint Pierre and Miquelon, near Newfoundland, served as a warehouse for American liquor during Prohibition, writes Marc Wortman. Crackdowns on bootleggers running the US-Canadian border eventually made the islands an ideal spot for warehousing and trafficking alcohol.
A record-high number of workers in the US and the UK are voluntarily leaving their jobs, a Glassdoor survey finds. The primary reason for their departures is better pay elsewhere, followed by career advancement opportunities and better benefits.
The Supreme Court will examine President Donald Trump's restrictions on travelers from six mostly Muslim nations. The Justice Department argues that immigration laws "confer sweeping authority on the president to restrict the entry of aliens abroad," while an appeals court said those laws do not allow Trump to ban such broad groups of people.
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