Tag: business (page 1 of 5)

Buying when the market is selling

I love this. Nintendo is increasing the salaries of its employees even though it intends to make less of a profit. Short of giving everyone ownership, this is how you invest in your people during a downturn.

Nintendo plans to raise its employees’ base pay by 10% this year in the wake of inflation. Reuters reported that Nintendo plans to raise salaries even as it reduced its profit expectation for the year. Nintendo previously cut its operating profit forecast from a projected 582 billion yen to 480 billion yen ($3.6 billion).

Nintendo also amended its projected software and hardware sales. It projects that the Switch will sell 18 million units this year, as opposed to the prior forecast of 19 million. Similarly, it dropped the software sales forecast from 210 million units to 205 million. Nintendo re-affirmed that it does not currently have plan to raise prices for its consoles or games.

Source: Nintendo Will Pay Its Workers 10% More ¬ GameSpot

No benefits to post-Brexit deregulation

Coupled with the pandemic and the energy crisis, Brexit is absolutely destroying the UK at the moment. If you haven’t watched The Brexit Effect made by the Financial Times, then you really, really should.

This article in the New Statesman argues that the deregulation touted as a huge benefit of Brexit isn’t wanted or needed by most UK businesses. It’s the red tape added by being outside the EU single market that’s the problem.

Most businesses have no interest or understanding of the government’s plans for post-Brexit deregulation. And a majority of companies could not name a single EU law that they would change or remove to become more profitable, according to findings shared exclusively with the New Statesman by the British Chambers of Commerce.

[…]

In a new survey of 938 businesses, made up largely of SMEs (and therefore representative of the UK economy), just 14 per cent specified an EU regulation they would remove; 58 per cent of firms had no preference over the amendment or removal of any EU regulation. Half said that deregulation is either a low priority or not a priority at all.

Source: Exclusive: Most UK businesses see no benefit in post-Brexit deregulation | New Statesman

Hierarchy is bad for business

I think this is a great post for people who realise that there might be something wrong with the hierarchy-by-default way we run organisations and society. It’s hard not to come away from it feeling a little liberated.

As someone who has spent the last few years in a co-op with consent-based decision-making and a flat structure, however, I don’t buy the ‘hierarchy is here to stay’ nihilism. Instead, although it’s not what we’ve been brought up to be used to, something like sociocratic circles can scale infinitely!

Being an adult means not measuring yourself entirely on other people’s definition of success. Personal growth might come in the guise of a big promotion, but it also might look like a new job, a different role, a swing to management or back, becoming well-known as a subject matter expert, mentoring others, running an affinity group, picking up new skill sets, starting a company, trying your hand at consulting, speaking at conferences, taking a sabbatical, having a family, working part time, etc. No one gets to define that but you.

[…]

Why do people climb the ladder? “Because it’s there.” And when they don’t have any other animating goals, the ladder fills a vacuum.

But if you never make the leap from externally-motivated to intrinsically-motivated, this will eventually becomes a serious risk factor for your career. Without an inner compass (and a renewable source of joy), you will struggle to locate and connect with the work that gives your life meaning. You will risk burnout, apathy and a serious lack of fucks given..

Source: The Hierarchy Is Bullshit (And Bad For Business) | charity.wtf