Informed i’s Weekly Business Insights

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Extractive summaries and key takeaways from the articles carefully curated from TOP TEN BUSINESS MAGAZINES to promote informed business decision-making | Since 2017 | Week 379 | Dec 13-19, 2024 | Archive

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Which economy did best in 2024?

The Economist | December 10, 2024

3 key takeaways from the article

  1. The world economy delivered another strong performance in 2024; according to the IMF, global GDP will grow by 3.2%. Inflation has eased and employment growth remains solid. Stockmarkets have risen by more than 20% for a second consecutive year.
  2. Yet, as ever, the rosy global picture conceals wide variation between countries. To assess these differences, The Economist has compiled data on five economic and financial indicators—GDP, stockmarket performance, core inflation, unemployment and government deficits—for 37 mostly rich countries.
  3. The Mediterranean’s rally rolls on for the third consecutive year, with Spain at the top of this year’s list. Greece and Italy, once emblematic of the euro zone’s woes, continue their recoveries. Ireland, which has attracted tech firms, and Denmark, home to Novo Nordisk of Ozempic fame, round out the top five. Meanwhile, northern European heavyweights disappoint, with poor performances from Britain and Germany. The Baltic duo of Latvia and Estonia find themselves back at the bottom, a position they also occupied in 2022.

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(Copyright lies with the publisher)Topics:  Global Economy, Economic Performance, Inflation, Trade, Stock Markets, Employment, GDP

How Silicon Valley is disrupting democracy

By Bryan Gardiner | MIT Technology Review | December 13, 2024

3 key takeaways from the article

  1. In 2013, the columnist Adrian Wooldridge warned of the coming “techlash,” a revolt against Silicon Valley’s rich and powerful fueled by the public’s growing realization that these “sovereigns of cyberspace” weren’t the benevolent bright-future bringers they claimed to be.   While Wooldridge didn’t say precisely when this techlash would arrive, it’s clear today that a dramatic shift in public opinion toward Big Tech and its leaders did in fact ­happen—and is arguably still happening. 
  2. Two of the more recent additions to the flourishing techlash genre—Rob Lalka’s The Venture Alchemists: How Big Tech Turned Profits into Power and Marietje Schaake’s The Tech Coup: How to Save Democracy from Silicon Valley—serve as excellent reminders of why it started in the first place. Together, the books chronicle the rise of an industry that is increasingly using its unprecedented wealth and power to undermine democracy, and they outline what we can do to start taking some of that power back.
  3. The technologies of the future must be pursued thoughtfully, ethically, and cautiously.  And regulating Big Tech will be a crucial part in this pursuit.

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Topics:  Technology and humans, Regulating technology, Big Tech Five

Enterprise technology’s next chapter: Four gen AI shifts that will reshape business technology

By James Kaplan | McKinsey & Company | December 2, 2024

3 key takeaways from the article

  1. Companies often overestimate the impact of short-term changes in technology and underestimate the effect of long-term changes. This well-known dynamic is particularly relevant for generative AI (gen AI) in enterprise technology.
  2. The authors’ recent discussions with tech leaders across industries suggest that four emerging shifts are on the horizon as a result of gen AI, each with implications for how tech leaders will run their organizations. 
  3. Four shifts are: from tools that support teams to AI ‘artisan’ and ‘factory’ teams; from application architectures dominating the landscape to predominantly AI agent and data architectures; from a ‘pyramid’ or ‘diamond’ organizational structure to a flatter one, with new workforce development considerations; and from application- to infrastructure-based cost structures, with increased focus on compute spend.

Full Article

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Topics:  Technology, Artificial Intelligence, Teams, Agility

16 Big Trends In Marketing That May Soon Be On Their Way Out

By Forbes Agency Council | Forbes Magazine | November 25, 2024

2 key takeaways from the article

  1. Marketing strategies rooted in fleeting digital trends can become obsolete faster than companies can adapt their long-term brand narratives.  Smart marketers prioritize building authentic, adaptable brand identities that transcend momentary trends. 
  2. Some current trends that marketers should think twice about before investing in:  Performance Marketing As A Solo Tactic, Overreliance On Artificial Intelligence, Third-Party Data Tracking, Branded NFTs, Canned AI Voiceovers, Excessive Gamification, The Creator Economy And Influencers, Prioritizing Real-Time Measurability Over Effectiveness, Dependence On Short-Form Videos, Vanity Metrics, AI-generated “user-generated content, Using Micro-Influencers For Product Promotion, Making Unsubstantiated Claims With Empty Buzzwords, Chasing Virality By Jumping On Trends, Relying Primarily On Earned Media For PR, Default Opt-In For Data Collection And Sharing.

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Topics:  Marketing Strategy, Digital Marketing, Influencers, Trends, Fads

How to Marry Process Management and AI

By Thomas H. Davenport and Thomas C. Redman | Harvard Business Review Magazine | January–February 2025 Issue

3 key takeaways from the article

  1. Process management goal is to understand how a sequence of tasks fit together to create a specified outcome and then to make improvements. It can be applied at multiple levels—to work performed by individuals or by a small group, key activities within a department, or end-to-end processes that cross the entire organization and even company boundaries.
  2. Done correctly, process management is extremely effective. But it can be difficult to implement on a large scale—even with a boost from artificial intelligence. AI supports narrow tasks or subprocesses, rather than end-to-end processes, so organizations must string together multiple AI use cases to improve an entire process. 
  3. A new approach with the following steps to process thinking can help reverse this situation:  establish ownership, identify process customers, map out the existing process, establish process-performance measures and targets, consider process enablers, redesign the process, and implement and monitor the process.

Full Article 

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Topics:  Decision-making, Process Improvement, Technology, Artificial Intelligence

Five Hybrid Work Trends to Watch in 2025

By Brian Elliott | MIT Sloan Management Review | December 16, 2024

3 key takeaways from the article

  1. It’s doubtful that the issue of what’s “right” when it comes to workplace flexibility will get settled anytime soon. While the latest research shows that RTO mandates often backfire, the hybrid work debates will continue. As we look forward to 2025, leaders can also expect continued evolution and refinement of hybrid work models. 
  2. 5 hybrid work trends that you should be watching are: organizations that embrace flexible work will steal talent from organizations that impose harsh return-to-office mandates, forward-looking organizations will shift toward measuring performance based on results, not attendance, we’ll see the hybrid work conversation shift from days in the office to core hours and focus time, leaders will move away from one-size-fits-all hybrid work policies, and flexible organizations will become artificial intelligence innovators.
  3. In the long run, those leaders who move work forward by building organizations rooted in trust and focused on performance will outperform those wrestling with their own employees.

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Topics:  Work from home, Return to office, Hybrid Work, Performance, Teams

Execs must use AI and understand it — but don’t become ‘too enamored’ by the technology, warn business leaders

By Sharon Goldman | Fortune Magazine | December 17, 2024

2 key takeaways from the article

  1. Today’s business leaders are under intense pressure to become experts in AI, and even technically-minded CIOs may feel as if they need to know more than they already do. But given the rapid pace of change in AI, defining AI expertise within a business can be tricky. 
  2. Senior managers and CEOs as users shared their experience and advise on a recently concluded Fortune’s Brainstorm AI conference.  Business leaders not to get distracted by the “shiny object” and to focus instead on the same key principles that a business would follow for any enterprise app project i.e., start with a use case that you’re trying to solve for, if benefit justifies cost, focus on  how to scale it, how to secure it, and so on.  Business leaders should think of their AI knowledge in three buckets: What you need to know, what’s nice to know, and what’s too much to know.  And one good way to boost your AI expertise is simply to start using the technology.

Full Article

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Topics:  Artificial Intelligence, Technology, Salesforce, Strategy, Decision-making, Leadership

3 Principles to Build a Brand Community

By Entrepreneurs Organization | Inc Magazine | December 7, 2024

3 key takeaways from the article

  1. How to build an online community.  The real community in today’s digital-first, increasingly AI-driven world doesn’t start with networking or amassing followers. It begins with being authentic about who you are. From there, you form the genuine connections that transform your business and your life.
  2. Three ways to build community:  embrace vulnerability by sharing stories, show up authentically online and in person, and add value beyond transactions.
  3. When we design a space offering people something valuable, authentic, and vulnerably human, it becomes so much more than a business network. It becomes another place to call home.

Full Article

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Topics:  Entrepreneurship, Growing a business, Online community, Authenticity

‘Irrelevance Is Worse Than Death’: How This CEO’s Competitive Drive Resulted in a Global Powerhouse AI Startup

By Christopher Salvi | Edited by Dan Bova | Entrepreneur Magazine | December 3, 2024

3 key takeaways from the article

  1. For The Founder CEO podcast, the author had the chance to sit down with Colin Treseler, co-founder and CEO of Supernormal—a groundbreaking AI-powered tool designed to make meetings more productive and less stressful. Colin’s story is one of grit, curiosity, and an unwavering commitment to solving problems that matter to him — not wasting time! With a background shaped by fierce competition in sports, Colin’s journey offers an inspiring blueprint for those daring to take the entrepreneurial leap.
  2. Colin’s journey from competitive Boston dinners to leading an innovative AI startup is a testament to the power of persistence and adaptability. But it’s also deeply human. As a father, a runner, and a lifelong learner, Colin has built his company around a simple but profound idea: time is our most valuable resource, and we should use it wisely.
  3. Colin’s advice to aspiring entrepreneurs: “Take care of yourself. It’s easy to sacrifice sleep, health, and relationships when you’re building something. But you’ll do your best work when you’re balanced and present.”

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Topics:  Entrepreneurship, Startups, Technology