Corporate wellness is no longer a semi-obscure benefit offered by a small percentage of companies. According to a study backed by Rand Corp. and the U.S. Department of Health and Human Services, 80% of businesses with more than 50 employees feature a benefit linked to corporate wellness. These benefits are not just employee perks. Corporate wellness programs can help reduce absenteeism and increase production and employee well-being. They can also deliver a positive impact on various aspects of a business’s bottom line, such as its medical costs. For instance, wellness programs implemented at the Los Alamos National Laboratory have reduced […]

As many businesses struggle to adapt to fast-changing market conditions, their leaders will need to keep an open mind and remain flexible to stay innovative and responsive to new trends. Successful business managers and emerging entrepreneurs must combine creative thinking about markets with business solutions that use new tools and techniques to extract useful intelligence from the massive data pools being generated. For instance, business planning and market forecasting tools based on artificial intelligence (AI), automation, and other advanced technologies are allowing entrepreneurs to be more creative when it comes to reaching their target audience. According to a 2022 PwC […]

The future of manufacturing is irrevocably bound to technology. “Cheaper, more capable, and more flexible technologies are accelerating the growth of fully automated production facilities,” a McKinsey & Company article explains. Already, robotics, digital twin technology, and the industrial internet of things (IIoT), among other trends, are driving best practices in the manufacturing industry and significantly shaping the future direction of manufacturing. As technology shifts aspects of manufacturing, the roles of project managers and other business professionals will need to evolve as well. In particular, advanced skills in business administration — with a focus on communication, intricate knowledge of processes, […]

The ubiquity of internet access has leveled the retail playing field, making it easy for individuals and businesses to sell products without geographic limitation. In 2020, U.S. e-commerce sales, receiving a boost due to the COVID-19 pandemic, grew 44% and represented more than 21% of total retail sales, according to e-commerce information source Internet Retailer. The growth of e-commerce has not only changed the way customers shop, but also their expectations of how brands approach customer service, personalize communications, and provide customers choices. The future of online shopping depends on savvy professionals who can create a personalized, engaging virtual shopping […]