Business

Elon Musk’s Leadership Style: Lessons for Business Leaders and Entrepreneurs

Elon Musk, the visionary entrepreneur behind companies like Tesla, SpaceX, and Neuralink, has captivated the business world with his unique leadership style.  Listed down are some valuable lessons that business leaders and entrepreneurs must learn and adapt from Musk’s approach; Just like Musk set an audacious goal of colonizing Mars and transitioning the world to sustainable energy, business leaders should create a compelling vision that inspires teams and attracts top talents. They are crucial elements for business leaders seeking to navigate and thrive in today’s competitive and dynamic business environment. Musk believes in disrupting established industries and is not at…

AI Business Transformation

The Rise of Artificial Intelligence: Transforming Business Operations

With the rise of technological advancements and adoption, Artificial Intelligence is another aspect that is being considered by many businesses to reshape the traditional way of operation. The introduction of Artificial Intelligence into various aspects of businesses involves, unlocking never known before efficiency, innovation, ease of carrying out business and offering competitive advantage. Let us explore the impact of Artificial Intelligence and how businesses can harness its power to drive success in a dynamic market; This involves relieving businesses from the mundane repetitive tasks by automating the processes, which in turn enhance operational efficiency, reduces errors and allows human resources…

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Handling COVID-19: Learnings from around the world and what to expect

While most developed countries are reeling under the attack of the coronavirus, there are some smaller or less developed countries that have been successful in containing the pandemic to an extent. Whether this is enough or whether more can be done, is a debatable matter. What we need to understand is that there are several lessons we can learn from them to know how they have bounced back from the crisis. From what we hear, venture capital activity has been resurgent at a time when the world is struggling to stay on its feet. This means that business is optimistic…

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Multi-sided platforms: The New Promising Business Model

While virtually every kind of business, barring essentials and a few other industries, are showing a significant downtrend in earnings, there is one business model that seems to be going from strength to strength. This is the multi-sided platform business, and it could be your way out of the economic slowdown that is looming ahead of us. Most importantly, with household incomes expected to come down, they will be looking for bargains, which will help them conserve valuable cash. Hence platform businesses that offer them well-priced products will be much in demand. Uber Eats is an example of a company…

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COVID-19: Real Estate Dynamics Has Changed Forever

Two’s a company, but three is a crowd. That’s going to pop into our minds every time we step into the crowded elevator of our building or a crowded office conference room. Things will never be the same again. The COVID-19 pandemic will be deeply ingrained in our minds for a long time to come. Social distancing will be top of mind for everyone. Naturally, people will get choosier about where they live and where they work. Since lockdowns will be prevalent until the pandemic ceases to take its toll, home is where you will be for a longer time.…

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COVID-19: Marketing Insights

Today, consumers’ demands have changed drastically due to the pandemic and the resulting lockdown. While fear is the underlying emotion in most minds, there are specific insights that marketers and brands will need to keep in mind when they target their clients from now onwards. If you look at entertainment and buying choices, people are living more in the past and the future rather than the present. Obviously, the situation being what it is, the present looks bleak, but the future is still hopeful. If you look at entertainment demand, consumers are more into nostalgia. They would instead think about…

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COVID-19: How to Effectively Communicate with Clients with Empathy

Most corporates are busy blasting emails to customers about the latest updates on the coronavirus front, or how to wash their hands, or how to wear masks. The customer’s email boxes are overflowing with such advice. This is a phase when one needs to be more sensitive and show empathy not only towards the client but also towards others such as retailers, suppliers, investors, etc. When your email is full of every company telling you what to do, this leaves a bad taste about such brands. All of these people are going through tough times, and they will appreciate it…

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COVID-19: HNIs, Startups, and Businesses to The Rescue

It is heartening to see a world united in its fight against COVID-19. While countries are collaborating and learning from each other, startups and established businesses are also coming forward with innovative and effective ways to fight the pandemic. Tycoons and industrialists are putting their best foot forward too. India has released medicine to the US and is also considering helping its neighbors with the same, while China and other countries are supplying respirators, masks, gloves, etc., and a host of other materials needed in this fight. Here are just a few names that come to mind. The list is…

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COVID-19: Make The Best Use of Time

All of us have a few hours of extra time on our hands following the lockdowns or the new work from home rules. That’s because we don’t have to do a lot of things we used to do earlier – getting ready for work, traveling, getting stuck in traffic jams, etc. It’s nice to have a breather and spend more time with the family. But in addition to doing that, let’s try to do a lot more. Don’t waste this precious time that has been added to our lives all of a sudden. Every minute we have is an opportunity,…

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COVID-19: Community Building During a Crisis

A stitch in time saves nine. And thousands of volunteers are representing this ‘stitch’ in India by going out of their way to help the poor and those putting themselves on the frontline of this battle against the virus. Obviously, they are not only saving lives but also contributing to a growing community, which is setting an example for the rest of the world. In times like these, such communities play a significant role in instilling hope and belief in humanity. It could be your local neighborhood or a countrywide community – all of them contribute equally to this great…