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Businesscorporate Culture

All articles tagged with #businesscorporate culture

"Nike CEO's Bold Move: Realignment to Boost Innovation Amid Remote Work Challenges"

Originally Published 1 year ago — by Fortune

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Source: Fortune

Nike CEO John Donahoe believes that remote work hindered bold, disruptive innovation, leading the company to realign and focus on rebuilding its innovation pipeline. Despite revenue growth, Donahoe acknowledged a lack of bold innovation, partly attributing it to remote work and supply chain issues. The company plans to cut costs and has already reduced its workforce. Donahoe's endorsement of in-person work adds to the ongoing debate over the future of work, as many workers prefer remote or hybrid arrangements. Nike aims to showcase its product innovation at the upcoming Olympics while facing competition from emerging rivals.

Elon Musk's Influence: Pressure to Use Drugs Among Business Associates

Originally Published 1 year ago — by Business Insider

Featured image for Elon Musk's Influence: Pressure to Use Drugs Among Business Associates
Source: Business Insider

Elon Musk has reportedly created a culture of peer pressure among his friends and business associates, encouraging them to use drugs with him, with board members and directors of his companies either participating in or enabling his substance use to stay close to the billionaire. The "volume" of Musk's drug use has created a culture wherein his closest business associates fear losing their wealth and social status by upsetting him if they refuse to use drugs with him. This behavior has raised concerns about potential security clearance issues and government contracts for his companies, with reports indicating that some executives have been worried about Musk's drug use and unpredictable behavior.