Tarun singh

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Magna wins major BMW contract, expects auto revenue to double by 2018

Magna International Inc. has won a major contract to build vehicles for BMW AG that will help it more than double the revenue generated by its assembly business in Europe, industry sources say.<p>The Canadian auto parts giant will produce 100,000 5 Series sedans for BMW at its Magna Steyr plant in …

How to Negotiate with Powerful Suppliers

In many industries the balance of power has dramatically shifted from buyers to suppliers. A classic example comes from the railway industry. In 1900 North America had 35 suppliers of cast rail wheels; railway builders could pick and choose among them. A century later no one looking to build a …

Management

We’re All Terrible at Understanding Each Other

Whatever you may have heard to the contrary, Chip Wilson is not an idiot. The founder and former CEO and Chairman of Lululemon Atheltica is, in point of fact, a highly successful entrepreneur, philanthropist, innovator, and self-made billionaire. Idiots are very rarely any of those things.<p>But a …

The Right Way to End a Meeting

A common complaint among managers is that the conversations they have with employees aren’t producing results: “We keep talking about the same issue over and over, but nothing seems to ever happen!” That’s because most managers are missing a vital skill: the ability to deliberately close a …

3 Ways Leaders Accidentally Undermine Their Teams’ Creativity

There are a lot of myths and misconceptions about where creativity comes from and how to nurture and grow it in a team. As a result, even well-meaning leaders can end up killing the creativity of a team when they need it most.<p>If your team is in the midst of solving a problem or generating a new …

Figure Out Your Manager’s Communication Style

Effective communication takes a deft touch when you’re managing up. If your attempts to persuade are too obvious, they may not succeed. Yet you need to be deliberate in your approach.<p>As you engage with your boss in everyday activities, try to identify the messages behind her speech and behavior. …