BUSINESS INSIDER – Lexis Czumak-Abreu, once aspiring to be a surgeon, found fulfillment in becoming a full-time electrician. With a family background in electrical work, she embraced the challenges and rewards of the trade, appreciating the tangible outcomes and variety of daily tasks. Lexis also faced and overcame the physical demands and occasional workplace biases of the industry, ultimately finding satisfaction in her chosen career path.
By Ella Hopkins
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1. Focus on Culture Change: Create a unified mission and clear purpose at all levels. Example: NASA’s mission to reach the moon unified everyone from astronauts to janitors. Apply a similar approach to instill a clear focus, such as “Build the best airplanes and sell them.”
2. Prioritize Innovation: Invest in new technologies and products to regain industry leadership. Example: Boeing once led with models like the 747 but now trails competitors. Develop new products to compete with Airbus and others, focusing on long-term technological advancements.
By Emma Burleigh and Azure Gilman | AUG 1, 2024
Read the original article at FORTUNE
1. Leverage Complementary Skills: Combine the diverse strengths of co-CEOs to drive innovation. For instance, one co-CEO could focus on technology while the other handles finance, leading to more comprehensive decisions. This dynamic can outperform single leadership by tackling complex challenges from multiple angles.
2. Define Clear Roles: Prevent conflicts and confusion by clearly defining each co-CEO’s responsibilities. For example, assign one co-CEO to internal operations and the other to external relations. This clarity ensures smooth operations and leverages each leader’s strengths without overlap.
By Ash Wendt | AUG 26, 2024
Read the original article at ENTREPRENEUR
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Nvidia’s stock has surged over 3,000% since 2019, creating immense wealth among its employees. Many workers tolerate demanding conditions, including seven-day work weeks and late-night shifts, driven by the desire to retain vested shares.
The company’s turnover rate in 2023 was only 2.7%, significantly lower than the semiconductor industry average of 17.7%. Employees remain committed not only for the chance to work with cutting-edge technology but also due to the financial incentives linked to their stock options, which vest over four years.
CEO Jensen Huang has acknowledged the tough work culture, stating that extraordinary achievements require hard work.
By Marco Quiroz-Gutierrez | August 27, 2024
Read the original article at fortune.com
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