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.
Finding purpose in your work will enrich your life, but too much passion may lead to burnout, writes Bryan Lufkin. If you're unable to find fulfilling work that pays the bills, try a job related to the core elements of your interests, he writes.
John Skipper, former president of ESPN and former co-chairman of Disney Media Networks, says he resigned in December after revealing to Walt Disney CEO Bob Iger a cocaine dealer had tried to extort him. Skipper maintains his cocaine use never influenced work because he was "a master of compartmentalization."
A downturn in home sales is proving to be a boon for renovators and appliance dealers as homeowners opt to upgrade their current residences. "People are confident and spending money and reinvesting in their homes," says Debbie Schaeffer, owner of appliance retailer Mrs. G.
Multiple sources say National Security Adviser H.R. McMaster will soon be removed by President Donald Trump, although the timing is unclear. "I'm really at a point where we're getting very close to having the Cabinet and other things that I want," Trump said Tuesday, noting Thursday that "there will always be change" when it comes to personnel.
President Donald Trump told GOP donors that the US has a trade deficit with Canada of $17 billion a year, and that number addresses trade in goods. When goods and services are counted, the US Census Bureau reports, the US enjoyed an almost $2.8 billion trade surplus with Canada in 2017.
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.
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.
- Page 1