The passing of Sen. John McCain should remind us of the need to be passionate, accountable and devoted to others, says S. Chris Edmonds in this video and blog post. "And, I believe there was a singular, stronger drive in John McCain's life than idealism or, even, patriotism -- that drive was conviction to values," he says.
Walmart's $16 billion deal for a majority stake in Flipkart in India is part of Walmart International's long path to adapting to local markets and giving up control over every aspect of country-specific operations. "Even in the struggles they've had, they're still doing better than any U.S. retailer has done in the modern era," says Matt Hamory of AlixPartners about Walmart's international efforts.
Using office communication platforms such as Slack for occasional personal exchanges can build community and improves collaboration, writes Michael Litt, CEO of Vidyard. "When employees bond over a shared love of trail running or sampling craft beer on a chat thread, they not only learn each other's names, but what drives each other as human beings," he writes.
Merriam-Webster's Official Scrabble Players Dictionary has grown by 300 words this week, including "beatdown," "bestie" and the return of "frowny" after a 57-year absence. It also includes the two-letter version of "OK," previously banned for its capitalization.
Former BDO CEO Jeremy Newman is an example of a leader who seemingly had it all yet lived in fear of being exposed as a failure and fraud, writes Laura Empson of Harvard Law School and Cass Business School. She suggests trying to identify what set off this spiral into doubt and to "choose a job where you stand the best chance of succeeding and enjoying what you do."
Market leaders can accumulate so much influence, profits, data and talent that startups and new ideas struggle to emerge, writes Shane Parrish. De Beers with diamonds, Google with search and Apple with its brand cachet are examples of "what Warren Buffett calls a "moat' -- a substantial barrier against competition," Parrish writes.
It's worth taking a chance on new offerings or technology when you know it will appeal to your target customers, writes marketing strategist Sharon Fishburne. Companies that aren't consumer-facing yet embrace the customer experience are especially important to learn from, Fishburne argues.
Marc Pritchard, Procter & Gamble's chief brand officer, has championed diversity throughout his career but realized he was not celebrating his Mexican heritage. "I had to come to grips with my own bias and behaviors," he says.
Instagram co-founders Kevin Systrom and Mike Krieger have resigned from the company as chief executive officer and chief technical officer, respectively. Their moves come on the heels of WhatsApp co-founder Jan Koum's resignation; Bloomberg reported that Systrom and Krieger had clashed more and more of late with Facebook CEO Mark Zuckerberg over Instagram's strategic direction.
Leading a business built on helping others requires hiring positive people, says Dr. Wendy Scinta, founder of Medical Weight Loss of New York. "I look less at their skill set and more about how they are influencing the people around them," she says.
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