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If private aviation is good for corporate bosses, flying your own company's plane is even better: CEOs and company owners who double as pilots cite flexibility, control and even cost-efficiency as benefits. But that doesn't mean the decision to buy and operate your own planes is entirely beneficial for the chief pilots who do it. “You have to know that when you're flying an airplane, you're actually engaged in your job, so you can't afford to sit down and check your email like some CEOs might when they're flying,” says Tom Paquin, a pilot and CEO of Victory Base, a…

Many notable companies have made huge strategic gambits lately. Walmart is buying its first manufacturer, TV maker Vizio, and initiated stock grants for store managers. Automakers are announcing new, multibillion-dollar EV-battery factories. McDonald’s and Wendy’s are focusing on promotional pricing unlike anything they’ve done in decades. And nearly everyone has jumped into the AI pool. CEOs like Walmart’s Doug McMillon and Ford’s Jim Farley are making these strategic choices amid accelerating global disruptions that began with the pandemic and continue to intensify. We’ve seen new wars, labor shortages, generationally high inflation, a U.S. commercial-office market collapse, massive regulatory salvos, global anxiety…

There's good news and bad news in the fight to return to the office post-pandemic. The good news is that leaders and staff have been forced to be more thoughtful in negotiating how to get work done most efficiently. The bad news is that the delicate compromises of hybrid office life still often don't work for everyone. And nowhere is this more evident than when staff are dragged into offices and forced to take part in endless Zoom calls that they could have taken from home. The lack of foresight inherent in these strange arrangements has led to a constant…

South Korea. French-American cosmetics maker Coty and The Shilla Duty Free have updated their joint business plan with new pillars of cooperation aimed at attracting travellers and reinvigorating the omnichannel shopping experience.The plan will be executed along four pillars: digital innovation, data analytics, retailer exclusivity and geographic expansion.To bring these pillars to life through brand promotions, dynamic activations and new content formats, the partner will introduce Korea's first omni-channel Super Brand Week.It is also accelerating digital innovation with advanced online-to-offline campaigns, including omnichannel masterclasses with an AI component.The two companies will also develop immersive platforms, including augmented reality and virtual…

June 14, 2024 | Industry News Coty Travel Retail and The Shilla Duty Free aim to improve customer engagement in travel retail. Coty Travel Retail and The Shilla Duty Free have updated their joint business plan and refreshed pillars of collaboration aimed at engaging travellers in innovative ways and revitalizing the omni-channel shopping experience in travel retail. Coty and The Shilla Duty Free will execute their joint business plan across four pillars — digital innovation, data analytics, retailer exclusivity and geographic expansion — and will bring these pillars to life through exciting brand promotions, dynamic omni-channel activations and new content…

New College of Florida's board of trustees approved a revised five-year business plan Thursday, mapping out how to spend tens of millions of dollars allocated to the school from the state budget.Lawmakers included a total of $25 million for New College in the budget for the fiscal year that begins July 1. Gov. Ron DeSantis approved a $116.5 billion state budget on Wednesday.The school will receive $10 million for “operational strengthening” that New College President Richard Corcoran and its board of trustees (mostly appointed by DeSantis) will have broad discretion over how to spend, but $5 million will be dedicated…

There are eight steps in the accounting cycle. The first three steps are ongoing: these bookkeeping tasks must be performed throughout the fiscal year. Meanwhile, the remaining five steps are the bookkeeping tasks you perform at the end of your financial year. Luckily, accounting software can help you automate these tasks these days, so doing all of these doesn't take as much time as it might seem. 1. Identify the transaction You need to identify all transactions that occur throughout your fiscal year. The best way to do this is to create a system where all transactions are recorded automatically,…

You have a lot of choices to make when starting a business. Outside of the product you choose to sell or your marketing strategy, one of your biggest decisions is what business model to pursue. Ahead, get a high-level breakdown of 14 major business model choices so you can make the best decisions right from the beginning. It’s important to understand each of these methods in order to make the right choice for your small business. There are pros and cons to each business model and, depending on your product, market, and cost structure, one may be more suitable for…

By YEC The decision to join a startup should be made after careful consideration.Getty Joining a startup can be a great career advancement, but it's important to carefully evaluate potential opportunities. To help you make a wise decision, we've collected insights from YEC members on the key factors to consider when applying to startups, so you can find a company that aligns with your career goals and values. Q. What should you look out for when applying to a startup? 1. Growth potential It's important to look at a company's growth and expansion potential. Looking at a startup's growth prospects…

You have a lot of choices to make when starting a business. Outside of the product you choose to sell or your marketing strategy, one of your biggest decisions is what business model to pursue. Ahead, get a high-level breakdown of 14 major business model choices so you can make the best decisions right from the beginning. It’s important to understand each of these methods in order to make the right choice for your small business. There are pros and cons to each business model and, depending on your product, market, and cost structure, one may be more suitable for…