During a Zoom meeting with other medical professionals, Dr. For business executives the world over, the COVID-19 pandemic is proving to be one of the greatest leadership tests of their careers. A Canadian doctor demands further study into the link between Covid-19 vaccines and blood clots after his research found clots in a majority of vaccinated patients, some of whom he says could be dead within three years. Not only must they protect the health of their employees and customers, they must also navigate far-reaching disruption to their operations, plan for recovery, and prepare to reimagine their business models for the next normal. In this challenging context, the task of fostering inclusion and diversity (I&D) could easily take a back seat-and the painstaking progress made by many firms in recent years could be reversed. As this report shows, however, I&D is a powerful enabler of business performance. As the CEO of a European consumer-goods company told us: “I know we have to deal with COVID-19, but inclusion and diversity is a topic too important to put onto the back burner.” Companies whose leaders welcome diverse talents and include multiple perspectives are likely to emerge from the crisis stronger. On the other hand, some companies appear to be viewing I&D as a “luxury we cannot afford” during the crisis. We believe such companies risk tarnishing their license to operate in the long term and will lose out on opportunities to innovate their business models and strengthen their recovery. If companies deprioritize I&D during the crisis, the impact will be felt not just on the bottom line but in people’s lives. Research and experience warn that diverse talent can be at risk during a downturn for several reasons-for example, downsizing can have a disproportionate impact on the roles typically held by diverse talent. As companies send staff home to work, this could reinforce existing exclusive behaviors and unconscious biases and undermine inclusion. Moments later, the county announced that San Diego has logged 195 confirmed flu cases in 2021, an uptick from the region’s five-year average of 128 cases by mid-October. In addition, inequality with regard to sharing childcare and homeschooling responsibilities, as well as the quality of home workspace (including broadband access), could put women and minorities at a disadvantage during this time of working remotely.Ĭompanies need to seize this moment-both to protect the gains they have already made and to leverage I&D to position themselves to prosper in the future. The tech world is under antitrust scrutiny more broadly as lawmakers zero in on big industry players.There is ample evidence that diverse and inclusive companies are more likely to make better, bolder decisions-a critical capability in the crisis. Claims that deny the existence of the COVID-19 disease or pandemic (however, we allow discussion or debate regarding whether the COVID-19 pandemic is. The company said it continues "to expect increased ad targeting headwinds in 2021 from regulatory and platform changes, notably the recent iOS updates." Investors were watching how a new privacy update from Apple would impact its bottom line. Congress unveiled the package of five antitrust bills in mid-June. The company's earnings come after it decided in early June that former President Donald Trump will be suspended from the platform until at least January 2023.įacebook and its Big Tech peers also face potentially new legislation designed to keep them from growing too large and powerful. Facebook passed that mark after a US court threw out the Federal Trade Commission antitrust lawsuit against the company, as well as one put forward by state attorneys general.įacebook is the fifth US company to hit the $1 trillion market cap milestone. The company hit a major milestone during its second quarter, surpassing a $1 trillion market capitalization in late June. (Reuters) -Facebook Inc said on Wednesday it expects revenue growth in the third and fourth quarters to decelerate significantly, sending the social media giant’s shares down about 5 in extended trading. Shares fell about 4.5% in late trading following the release. FILE PHOTO: A Facebook panel is seen during the Cannes Lions International Festival of Creativity, in Cannes, France, June 20, 2018. User numbers ballooned during 2020, as the pandemic kept people inside and online, but the firm said: "We expect year-over-year total revenue growth rates to decelerate significantly" in the second half of 2021. The total number of ads delivered rose 6% year-over-year, Facebook said, while revenue from the segment was up 47%. Facebook's MAU count is tied to its lucrative advertising business.
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