Toys R Us was doomed because of about $5 billion in debt that prohibited the chain from investing in its properties for years and improving the customer experience, writes Chris Isidore. Toys R Us also fell behind in how its stores looked and felt, as well as how it managed online sales.
If team members are not willing to help each other, it may indicate discontent caused by management, writes William Vanderbloemen. Leaders need to exemplify a culture of collaboration and be willing to dismiss a toxic employee or executive, he writes.
PRINCE2 is one way to organize project management in an organization while being clear about roles and responsibilities, writes David Baker. "Project management requires a structure and framework, but it also requires flexibility in order to adapt to any given environment and the unique challenges they pose," he writes.
A three-judge panel of the US Court of Appeals for the 5th Circuit has declared the Labor Department's fiduciary rule invalid. The department must decide whether to ask the full court to consider the case or to elevate the issue to the Supreme Court.
If you're unsure of what to do with your life, consult with friends, family or counselors to get an outside perspective on your strengths and skills, writes Brad Waters. Other ways to tap into your purpose include mentoring, self-assessment and trying new experiences, he writes.
Working for years as a reporter and foreign correspondent taught Trint CEO Jeff Kofman the value of remaining calm, overcommunicating and knowing when to ask for clarification. "It's tempting to play along, but the wise reporter knows that's a fool's game: one slip and your credibility will vaporize," he writes.
Successful CEOs believe a vision should be rooted in an organization's principles but accommodate changes in the company and its markets, write Stanislav Shekshnia, Kirill Kravchenko and Elin Williams. CEOs should take every opportunity to express this vision and use it as a benchmark for rewarding employees and making decisions.
The antitrust trial over AT&T's proposed $85 billion acquisition of Time Warner could take eight weeks, US District Judge Richard Leon says. Opening statements are scheduled for Wednesday, after up to two days of motions.
Trevor Edwards, Nike's brand president, has resigned, and Nike says it has received complaints of inappropriate behavior in the workplace. It's unclear whether Edwards' departure and the complaints are connected.
Amazon's influence on the US economy has increased in the past three-plus years as it's broken out Amazon Web Services earnings, shown how much its Prime services influence consumer behavior and grown its third-party Marketplace business to be a leading retailer all its own. Amazon's most significant influence of late might be the way it sends other stocks plummeting any time it announces a move into a new sector, whether it be health care, grocery or pharmaceuticals.
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