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 | From the Editor's Desk
How Diversity Can Drive Innovation In this research, which rests on a nationally representative survey of 1,800 professionals, 40 case studies, and numerous focus groups and interviews, we scrutinized two kinds of diversity: inherent and acquired. Inherent diversity involves traits you are born with, such as gender, ethnicity, and sexual orientation. Acquired diversity involves traits you gain from experience: Working in another country can help you appreciate cultural differences, for example, while selling to female consumers can give you gender smarts. We refer to companies whose leaders exhibit at least three inherent and three acquired diversity traits as having two-dimensional diversity.
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WorkWorkReturn-to-Office Is a $1.3 Trillion Problem Few Have Figured Out   But any leader who keeps hoping things will get “back to normal” will be disappointed, because the workplace is fundamentally different now. Office occupancy rates have plateaued in the US at half of pre-Covid levels. Lobbies are ghost towns on Fridays. Business leaders grumble about the effects of working from home, but they also know it’s now ingrained, according to a new survey by the Federal Reserve Bank of New York. Work is no longer a place people go, it’s a thing they do — and when, where and how it happens is no longer written in stone. WorkAlibaba Cloud Eyes State Firms for Up to $3 Billion Funding  In July, Alibaba Cloud introduced large language model Tongyi Wanxiang, whose name means 10,000 images, at a conference. The generative AI model can create a variety of visuals ranging from animation and sketches to 3D cartoons, according to a statement. Work WorkStocks Fall on Weak China PMI; Aussie Dollar Falls: Markets Wrap  Meanwhile, Goldman Sachs Group Inc. lowered its estimate of US recession probability. “Continued positive inflation and labor market news has led us to cut our estimated 12-month US recession probability further to 15%, down 5pp from our prior estimate,” Jan Hatzius, its chief economist, wrote in a note. Work WorkWorkGary Wright, singer of Dream Weaver and Love is Alive, dies aged 80  The singer-songwriter Al Stewart also shared a statement: “Al and Gary were friends for a long time, and it was Gary who introduced Al to his touring band, The Empty Pockets. Al and Jill Stewart would like to send their condolences to Gary’s wife, Rose, and his family.” WorkWork WorkWork WorkWorkSchools concrete crisis is risk to pupils' mental health, headteacher warns  "It's a re-run of Covid. It's another reason why you can't be at school. If you are a two-income family, with a good house and the capacity to work from home, and money is no issue to you, you can devote time to your child's education. If you are not that family and the pursuit of cash consumes a whole lot more of your time and you have to be out to do your job, you are faced with a crisis." WorkPakistan in uproar as protests over soaring energy prices turn violent  The government is considering whether to regulate this tariff system to avoid losing revenue as rising “capacity payments” to independent power producers, which are fixed against interest and exchange rates, have increased as the rupee has depreciated and interest rates have risen. WorkMy dividends strategy continues to deliver  Among many other activities, Goodwins also has an exciting new product nearing production called Duvelco, a polymer resin that can bear very high temperatures. All this should hopefully bring surging profits over the coming years. WorkWorkWorkThese majors are most likely to lead to six-figure salaries—but they're overwhelmingly held by men  © 2023 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information | Ad Choices FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions. WorkWorkWorkWorkTaiwan presidential hopeful offers pets for pregnancies in push to boost birth rate  He has until November to gather 290,000 signatures to secure his nomination, but has already shaken up the presidential race. Gou would be the third opposition candidate, alongside the KMT’s Hou You-ih, and the Taiwan People’s party’s Ko Wen-je. The nominee from the ruling Democratic Progressive party, vice-president Lai Ching-te, remains in front with about one third of support in polling. WorkNew Zealand judge dismisses charges against White Island volcano owners  The trial opened with claims by prosecutors that the island’s owners had put profits before the safety of tourists on the island. The court heard emotional and graphic accounts by survivors of the eruption, who said they did not know the risks and had not received warnings from their tour operators before they visited Whakaari. WorkWorkCar Crashes Through Denny's Wall, Injuring 23 People  By entering your email and clicking Sign Up, you\'re agreeing to let us send you customized marketing messages about us and our advertising partners. You are also agreeing to our Terms of Service and Privacy Policy. WorkWorkWorkMusician Gary Wright Dead At 80  By entering your email and clicking Sign Up, you\'re agreeing to let us send you customized marketing messages about us and our advertising partners. You are also agreeing to our Terms of Service and Privacy Policy. WorkWorkWorkWorkWorkWorkWorkWork TradeBriefs Publications are read by over 10,00,000 Industry Executives |
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