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I've studied happiness for years — here are the 12 best pieces of advice I'm giving my daughter

"Drift" is the decision we make by not deciding, or by making a decision that unleashes consequences for which we don't take responsibility.<p>You go to medical school because both your parents are doctors. You get married because all your friends are getting married. You take a job because someone …

The Culture Factor

Strategy and culture are among the primary levers at top leaders’ disposal in their never-ending quest to maintain organizational viability and effectiveness. Strategy offers a formal logic for the company’s goals and orients people around them. Culture expresses goals through values and beliefs …

Management

We compared grocery shopping at stores in the US and the UK, and it was shockingly clear which country does it better

America's grocery scene is in the midst of a major shake-up.<p>Last year, German discount store Lidl announced plans to expand in the US, and Amazon bought Whole Foods - both of which threatened to upend the US grocery market and send established national chains into aggressive price wars.<p>The grocery …

New York City

How Brands Can Stay Ahead In China

The world’s largest and most ambitious grocery market is undergoing fast and forceful shifts, requiring consumer goods players to move equally fast and forcefully if they hope to grow and maintain their margins.<p>Physical retailers in China now find themselves responding to a dizzying array of …

Subscription Businesses Are Booming. Here’s How to Value Them

The subscription business model is booming. Previously dominated by the likes of newspapers, magazines, gyms, utilities, and telecommunications firms, more products and services are being offered to more people through subscriptions than ever before. Business-to-consumer subscription businesses …

Customers

If You Aspire to Be a Great Leader, Be Present

Some years ago, we worked with a director of a multinational pharma company who’d been receiving poor grades for engagement and leadership effectiveness. Although he tried to change, nothing seemed to work. As his frustration grew, he started tracking the time he spent with each of his direct …

Leadership

What Are the Most Effective Strategies for Learning a Foreign Language?: Six TED Talks Provide the Answers

Earlier this week we featured the Foreign Service Institute's list of languages ranked by how long they take to learn. Now that you have a sense of …

Language Learning

Want to Be a Self-Made Millionaire? Add These 9 Habits to Your Routine

Make these nine habits a part of your daily life, and get to your first million.<p>Visualize life as a building, and habits as the building blocks. The stronger the building blocks are the more the building is able to withstand changes in its environment.<p>Life is short. Consistency will get you far. …

Self-improvement

The cost of Britons’ failure to learn foreign languages | Letters

Native English speakers can’t simply rely on the rest of the world’s desire to learn their language, say <b>Gabrielle Hogan-Brun</b> and <b>Jennifer Jenkins</b>, while <b>Jane Sjögren</b> quotes Nelson Mandela on the importance of linguistic skills and <b>Trevor Stevens</b> says learning a foreign language should be compulsory at …

Language Learning

How to Launch a Product Without Starting a Business

Harnessing the power of open innovation to bring your ideas to market.<p>There has never been a better time to pursue a product idea.<p>I really believe that.<p>You don't have to drain your savings account or quit your day job to get a concept off the ground. You don't need co-founders, investors, or even …

Innovation

Contribution Margin: What It Is, How to Calculate It, and Why You Need It

When you run a company, it’s obviously important to understand how profitable the business is. Many leaders look at profit margin, which measures the total amount by which revenue from sales exceeds costs. But if you want to understand how a specific product contributes to the company’s profit, you …

Management

The Dangers of “Mandatory Fun”

A few years ago upper management at the organization where I worked decided that people in my department did not connect enough socially. Recognizing that loneliness and a lack of connection are serious workplace issues, they arranged a weekly gourmet lunch for us, creating a comfortable, relaxed …

The Workplace

To Lead Across Cultures, Focus on Hierarchy and Decision Making

Cultural differences in leadership styles often create unexpected misunderstandings. Americans, for example, are used to thinking of the Japanese as hierarchical while considering themselves egalitarian. Yet the Japanese find Americans confusing to deal with. Although American bosses are outwardly …

Management

There Are 4 Futures for CMOs (Some Better Than Others)

There are some new faces these days in the boardroom. They have new titles like Chief Customer Officer, Chief Revenue Officer, Chief Digital Officer, and Chief Experience Officer. These executives have responsibilities we might expect to reside within marketing. That leaves Chief Marketing Officers …

CEOs

Australia Must Get Serious About Investing in Asia

It's no longer optional.<p>Sure. It's impressive. No wonder Australians like to boast about their 25 years of uninterrupted economic growth.<p>But the achievement masks a deep complacency and risk aversion that could ultimately undo those gains.<p>A large part of Australia's economic success reflects a huge …

More Out Than In: China's Growing Tourism Imbalance In 9 Charts

Everyone agrees China’s tourism market is lucrative, but what do we actually know about it? We know there’s a huge outbound trend, with three times more Chinese going abroad over the last decade.<p>Surprised? Here are nine charts that tell us more about the world’s #1 tourism spender, China.

How to Develop a Killer Content Strategy for a Startup with No Budget

Are you frustrated with content marketing?You know you want to create content, but maybe you lack the budget you think you need to develop a strong …

China Is Facing An Epidemic Of Counterfeit And Contraband Wine

In 1985, a single bottle of wine was sold for a record-breaking $157,000 at Christie’s in London. The purchaser was Christopher Forbes, who was bidding on behalf of his father Malcolm Forbes, the founder of this publication. The bottle was the so-called Thomas Jefferson bottle, a 1787 Lafite. It …

In China, Herd of ‘Gray Rhinos’ Threatens Economy

SHANGHAI — Let the West worry about so-called black swans, rare and unexpected events that can upset financial markets. China is more concerned about “gray rhinos” — large and visible problems in the economy that are ignored until they start moving fast.<p>The rhinos are a herd of Chinese tycoons who …

Starbucks Is The Company To Beat In India's $30 Billion Tea Market

In India, consumption of tea is not a seasonal phenomenon; rather an obsession, where people drink “chai” (tea) at any time of the day, irrespective of the temperature. Indians can be found sipping tea from road side stalls, established eateries and at their homes across the country. Tea …

Deep Frying

Japanese Manners Made Easy 

Maybe you’ve been to Japan or plan on going. Perhaps you recently moved here, or it could be that you’re simply interested in the country. Japanese …

Japan

44 Favorite Books of High Achievers

Want to accomplish more? Try reaching for a good book.<p>The people who accomplish the most in life are serious about self-improvement, which often comes in the form of a good book. Here are several dozen excellent reads, recommended by high-achieving founders and executives.<p>1. <i>Crossing the Chasm</i> by …

Leadership

How to Become a Better, Faster, and More Efficient Writer in 7 Steps

I hate to say it, but I’m going to anyway.<i>Speed and quality rarely have anything to do with each other.</i>Great content, both in scope and quality, …

7 Content Marketing Trends Brands Need to Prepare for in 2018

Whether you're a C-suite executive, a marketing leader, or a content creator yourself, here are seven content marketing trends to keep on your radar as you prepare for 2018.<p>We're more than halfway through 2017. I know that sounds almost impossible because the year has flown by so far. (My youngest …

Marketing

SEO Basics: How to Make Your Website Google-Friendly

Updated July 12, 2017<p>Whether you have a website already or have one in the works, your online business won’t achieve its full profit potential or …

How to Become a Coach or Consultant After You Retire

The vast majority of senior professionals don’t want to “retire.” They have interesting, fulfilling work that they’d like to continue — just not at the frenetic pace of top corporate jobs. That’s why so many, lured by the promise of flexible hours, higher rates, and location independence, are …

Employment

50 million-dollar business ideas you can launch for cheap (or even free)

It’s no longer taboo for people to ditch the daily 9-to-5 grind and start their own business. In fact, it’s beyond easy starting a business for …

Kuala Lumpur's Tastemakers Say These Are The Nation's Best Shops And Restaurants

How would you go about finding the best shops and restaurants in Kuala Lumpur? For some, speaking to their hotel concierge is the method of choice, whereas others prefer to ask friends who have visited before them. Others still turn to social apps like Foursquare and Yelp for up-to-date, …

The 4 Mindset Shifts That Led To This Streetwear Mogul's Success

“You <i>know</i> if your leg is broken,” Bobby Kim assures me with a laugh in the opening moments of our interview for <i>The Failure Facto</i>r. He recounts how he recently “fell skate[board]ing on the ramp” behind his company’s California headquarters.<p>I cringe, flashing back to my own experiences with broken …