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Mazda has announced a new mid-term plan aimed at increasing sales and profits over the four years from fiscal 2007 to 2010.Under the new plan, called the Mazda Advancement Plan, the company aims to achieve global sales of 1.6 million units, operating profits of more than 200 billion yen ($1.7 billion) and a profit margin of 6 percent on sales by 2010.Mazda also wants to strengthen its ties with Ford Motor Co., which owns a third of Mazda.”Under the Mazda Momentum Plan, Mazda has successfully completed its efforts to build a strong foundation for steady growth into the future,” CEO…
Nathan Beckord Showing that you already have the support of interested funders will generate even more interest.Getty Are you a bit nervous about approaching investors? You're not alone. Sometimes you don't know how to present yourself as a founder when it comes to presentations. Were you too reserved in school or do you express your enthusiasm openly? Luckily, Loop's Brian Gannon has some tips for doing just that smoothly while promoting his company: He raised $8 million in three rounds of funding to fund Loop's digital photo-sharing frame, which makes it easy for families to exchange treasured photos. So, how…
Governance experts, lawyers, accountants, and consultants debate the definition of board prudence. The line between supervision and micromanagement, and between adversarial and cooperative behavior, can be fine. However, the board's obligation to provide guidance when a new CEO takes over is uncontroversial. The challenge lies in how to navigate succession issues without burdening the new CEO. Recently, I hosted legendary former Xerox CEO Anne Mulcahy and spoke to 100 MBA students in a leadership class at Yale University. And soon Nick Nicholas, former Time Warner CEO and Xerox board member, ambushed her with a surprise visit. She plays a key…
Learning how to use TikTok for business can level up your marketing strategy. The platform is home to over 1.5 billion users of all ages. But surprisingly, only 26% of marketers are currently using TikTok. Considering the massive user base and engagement rates the platform offers, there’s a huge opportunity for brands to capitalize on this untapped potential. In this article, we’ll show you how to use TikTok for business. Follow the steps below to learn how to set up your account, develop a TikTok marketing content strategy, run ads, track performance and more. Why you should use TikTok for…
The 2024 Directors Think Survey: Corporate DirectorBDO and Diligent Institute found that AI and cybersecurity emerged as two of the most challenging areas for directors to oversee, at 36% and 35%, respectively. As board members maintain a neutral outlook on the U.S. business environment, these two areas are becoming more important to short- and long-term success. New AI risks highlight need for increased oversight Technologies such as generative AI have the potential to transform the way we work, and many boards are wary of their organization's readiness gaps. Without proper governance over the implementation and use of AI, organizations could…
Editor's note: For many years chief executive officer Columnist Jonathan Burns died He passed away on May 7th at the age of 75 after a long and courageous battle with cancer. The MIT professor, consultant, and co-founder of Profit Isle was a brilliant mind, a thoughtful businessman, and a kind person. We will miss him. This column is one of several he submitted to us before he passed away. *** When I talk to managers about profit generation, I'm often asked about profit traps — logic traps that lead to significant revenue drain. There are three big offenders: Marginal contribution.…
Editor's Note: For many years chief executive officer Columnist Jonathan Burns died He passed away on May 7th at the age of 75 after a long and courageous battle with cancer. The MIT professor, consultant, and co-founder of Profit Isle was a brilliant mind, a thoughtful businessman, and a kind person. we will miss him. This column is one of several he sent us before he passed away. *** When I talk to managers about profit generation, I'm often asked about profit pitfalls, traps in logic that lead to significant revenue drains. There are three serious offenders: Marginal contribution. Why…
Boeing shares fell after the company's chief financial officer revised down the company's cash outlook. Photo: Stephen Brasher/Getty Images North America/Getty Images (via AFP)/FileSource: AFPbe careful: Leave your feedback about Briefly News by filling out this short form and helping us provide you with a better service.Boeing shares fell sharply on Thursday after company executives predicted another quarter of slight declines in aircraft deliveries and a likely negative cash balance for all of 2024.Just after noon New York time, the airline giant's shares were down 5.3%. Chief Financial Officer Brian West said Boeing lost $3.9 billion in cash in the…
A business case to build a sports hub for Newry on a site named after the legendary Northern Ireland goalkeeper has been approved. The development will include football, rugby and GAA pitches at Jennings Park, named after Arsenal and Spurs shot-stopper Pat Jennings, who was born in the border city. Newry, Morne and Down District Council's (NMDDC) Vibrant and Healthy Communities Committee met on Monday night (May 20) behind closed doors, away from the press and the public, to discuss plans for a multi-million pound project. We discussed the report on An ICT (Integrated Consultant Team) will also be appointed…
AI adoption has been a hot topic of discussion among corporate executives in the last year as companies explore ways to leverage AI technology to compete more effectively within their industries. Director Columnist Matthew Scott recently sat down with Diligent CEO Brian Stafford to share insights about what he's learned about AI adoption from the 700,000 board members, CEOs, CFOs and GCs who use the company's board portal and other services. The following has been lightly edited for length and clarity. What are the biggest challenges related to AI implementation cited by Diligent's corporate board clients? In the AI adoption…