Flexibility and the ability to free up cash will drive successful restaurant reopenings, writes Simon de Montfort Walker of the Oracle Food and Beverage Global Business Unit. He explains how restaurants can navigate cost-cutting decisions as well as staffing, delivery and supply chain issues.
Women entrepreneurs such as Credo's Annie Jackson and Bite Toothpaste Bits' Lindsay McCormick already have recognized how important sustainability is in today's business landscape. Katie Klencheski, founder of SMAKK Studios, explains four ways to bring a business on board.
Why it matters: Depending on when you read this email, these friends might have already blasted off aboard the SpaceX Crew Dragon. Today's launch is scheduled for 4:33pm ET. NASA astronauts Bob Behnken and Doug Hurley are close friends and will become part of a unique foursome when they take flight because they are both married to veteran astronauts. You know what they say ... behind every great husband who has gone to space is a great wife who went there first.
Why it matters: While the specifics remain uncertain, one thing that is certain is that air travel will change. Health checks might become as common as security checks. The trend of airports becoming lifestyle centers might cool or reverse completely. I am most interested in how the inside of airplanes might changes.
Hello neighbor: The photo above is a concept seat configuration from Aviointeriors. I'm glad the dividers between seats can be transparent or opaque because I don't need to see the person next to me falling asleep against the panel and smearing their drool all over the divider. Eww...
Build trust and engagement with your virtual team by giving them credit for their accomplishments, using humor, treating them with respect and calling them out by name to contribute their insights, says S. Chris Edmonds in this blog post and video. "Grasping and developing these nuanced approaches to drawing out teamwork and collaboration from a distance is not a passing stopgap but a permanent, nonnegotiable characteristic of values-based leaders," he says.
Recovering from the pandemic should include asking tough questions about what your business is spending time on, how it would handle multiple years of social distancing, and other "What if?" questions, writes Scott Eblin. "It's really a process of unlocking assumptions to the point where creative thinking about different possible scenarios can truly begin," he writes.
The four-day work week could be useful for companies returning to normal after the pandemic that want to have less crowded officers or rethink how work is structured, writes Ted Bauer. He outlines several challenges, as well as solutions that could make the strategy work.
Customers tend to share more personal information when using their phone than on a computer because "our phone tends to act like an adult pacifier for us" says Wharton School professor Shiri Melumad. "Our findings suggest that smartphone-generated content may be more diagnostic of how consumers actually think and feel," Melumad adds.
Geoff Tudhope's father and fellow executives at Shell all died relatively young, which helped Tudhope keep regular hours and vow to retire from management before his 50s. Those rules, he says, helped him be "ruthless on priorities and ruthless about delegation" to avoid that type of deadly burnout.