Business

Microsoft is planning to put a lot of money, about 2.9 billion dollars, into Japan to make their computer systems better. They want to improve their Artificial Intelligence (AI) and build more data centers. These data centers are like big buildings where lots of computers are kept and they store all kinds of information.

By making their AI better and having more data centers, Microsoft hopes to provide better services to people and companies in Japan. This could mean faster and more reliable internet services, as well as better ways to use computers and technology. Microsoft wants to help Japan become more advanced in technology, and they think this investment will make a big difference.

Consumers are becoming more interested in sustainability and want to know for sure where products come from. One way to do this is to use DNA. For example, a supplier in the US grows organic cotton. The cotton is then sprayed with a unique DNA combination. This makes it easy to find out if a final product is made from that cotton. No one can substitute cheaper, non-organic cotton anywhere in the supply chain.

Another concern is labor practices. Consumers want to be sure the workers who produce the goods are treated well. The US has established new rules requiring companies to prove that imported goods were not made with forced labor. If they can't, then the goods are seized at the border. From January to March in 2023, border officials seized almost $1 billion worth of shipments.

"Live" shopping is trending right now. For many young people, it may seem like a new thing. But it actually started in the US in 1982. The Home Shopping Network (HSN) started a cable channel to sell goods on live TV. Other shopping channels followed, and they still exist today. Hosts show clothing, home goods, jewelry, etc., in real time (not pre-recorded). Viewers can call in and buy whatever is being shown.

Now it's on the internet. Most major retail companies have set up live shopping channels on their websites. And smartphones mean you can tune in any time, anywhere. Social media sites are another platform for live shows. Stores are trying to recreate the in-person shopping experience with real-time chat and shopping "parties" with friends.

Japan has more old companies than any other developed nation. A study of 41 countries shows Japan has more than half of the companies older than 200 years. As a matter of fact, the oldest company still in existence is Kongō Gumi Co., Ltd., founded in 578 A.D. It was in operation under its own name until 2006, when it became a subsidiary of Takamatsu Construction Group

According to David E. Weinstein, an expert on the Japanese economy, business failures are as common in Japan as anywhere else, but the importance of tradition keeps the companies on their feet.

To ensure survival, a popular custom in Japanese family businesses is to adopt heirs outside the family, such as in-laws and talented male workers. As stated by Weinstein, "It's the name that is continuing, people get attached to the names."

While many parts of the world prioritize profit maximisation, Japanese companies focus on building and passing on a legacy to future generations.

Well-known entrepreneurs like Bill Gates, Steve Jobs, and Mark Zuckerberg were in their early twenties when they launched their highly successful companies. The Harvard Business Review (HBR) explores whether these famous cases reflect a general pattern.

The HBR team analyzed the age of all business founders in the United States in recent years and found that the average age of entrepreneurs at the time they founded their companies is 42. In software startups, the average age is 40, and younger founders are common. However, young people are less common in other industries such as oil and gas or biotechnology, where the average age is closer to 47.

HBR discovered that among the top 0.1% of startups based on growth in their first five years, the founders started their companies when they were, on average, 45 years old. Evidence points to entrepreneurial performance rising sharply with age before starting to drop in the late fifties.

According to studies commissioned by the Harvard Business Review (HBR), international experiences can enhance creativity, reduce racial bias, and promote career success.

HBR set out to examine how international experiences can transform a person’s sense of self, specifically self-concept clarity, or the extent to which someone’s understanding of themself is clearly defined, and consistent.

Self-concept clarity has been linked to multiple benefits, such as psychological well-being, the ability to cope with stress, and job performance.

According to the Harvard Business Review (HBR), it is possible to be a business leader and still have a personal life with careful planning, but most people wouldn’t know this if they look at some of the most successful CEOs out there. Tesla CEO Elon Musk rarely sleeps or sees his kids and had a public meltdown, and Apple’s Tim Cook is on email before the sun rises.

These intense work styles are often celebrated as the only way to get to the top and be a super-productive leader. Surveys show that managers and executives describe the ideal worker as someone with no personal life or caregiving responsibilities.

One night at a hotel in 2009, tech executive Shawn Seipler thought about how many bars of soap guests use for a night and then leave. He called the front desk to find out what they did with the used soap and learned that they just throw it away. In the U.S. alone, hotels throw out about 3.3 million bars of soap every day.

So, Seipler started Clean the World, a nonprofit that recycles soap, in his garage. He quickly discovered that major hotel chains, airlines, cruise companies and casinos were happy to pay him to take their waste. The business has since grown into a $750k production facility in Orlando, Florida, with branch operations around the world.

Elon Musk is a famous Twitter user. He wants to change Twitter rules on what is allowed to be posted. However, recently he surprised everyone by saying that he would buy this social media company. Musk has been offered loans of $25.5 billion from big American banks and he promised to pay the rest of the $21 billion out of his pocket.

The next day after Musk’s proposal, the board announced they will implement a "poison pill"—a measure that forbids anyone to buy more than 15% of the company’s shares. People fear that Twitter’s shareholders will pressure the board to accept Musk’s offer. Shareholders may want to do it because the share price that Musk has offered is much higher than the current one. On the other hand, this deal means that Twitter will become private, which may lead to unknown consequences for the company.