Leaders must ask key questions to create solutions Strategically minded leaders understand that success depends on asking innovative questions that encourage people to think creatively, writes David Burkus. The five most important questions leaders need to ask are about identifying the organization's top priorities, deciding what success looks like, identifying obstacles, figuring out needed resources, and deciding which people need to be on the team. Full Story: David Burkus (7/5)
The top skill every entrepreneur should have As an entrepreneur your biggest role will be sales, so start practicing your pitch as soon as possible and focus on "what you're trying to do, the change you're trying to make in the world, why that's important, why you're the one to do it," says Craig Wortmann, founder of the Kellogg Sales Institute. Some best practices around selling as a founder is to pick up the phone, go to networking events and "talk to as many people as you can," Wortmann says. Full Story: Kellogg Insight (7/6)
Making the Connection
Ask this one question before giving feedback People are generally hesitant to give others feedback, fearing a negative reaction, but Harvard University researchers boosted study participants' willingness by asking them to consider if they would like such feedback offered to them. "This simple process was enough to help the participants understand the value of feedback and therefore made them more inclined to give it," writes Adi Gaskell, citing the study. Full Story: The Horizons Tracker (7/5)
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The Landscape
Bloomberg says likelihood of recession now 38% A report released by Bloomberg Economics puts the chances of the US economy entering a downturn in the next 12 months at 38%, basing its prediction on factors including Treasury yields and consumer survey data. "Even though household and business balance sheets are strong, worries about the future could cause consumers to pull back, which in turn would lead businesses to hire and invest less," said the group's Chief US Economist Anna Wong. Full Story: Fortune (tiered subscription model) (7/5)
Biden talks about the economy in Cleveland on July 6. (Angelo Merendino/Getty Images)
A program created under the American Rescue Plan will allow more than 200 multiemployer pension plans that have struggled during the pandemic to stay solvent until 2051, according to the White House. The program could mean that some 3 million people will get their full benefits. Full Story: Bloomberg Law (7/6),NBC News (7/6)
US job openings in May continue to top 11M The US had a seasonally adjusted total of 11.3 million job openings in May, a strong figure although down from a revised 11.7 million in April, the Labor Department reported. The latest figure is nearly double the 5.95 million unemployed Americans looking for work in May. Full Story: The Wall Street Journal (7/6)
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Having started out as just a song, Margaritaville has grown into a lifestyle ... and a massive business empire. While Jimmy Buffett is the man, myth and legend most associated with the song/brand, John Cohlan has been just as crucial when it comes to helping people change their latitude. Full Story: Skift (tiered subscription model) (7/5)
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