TradeBriefs Editorial

From the Editor's Desk

The World's Most Influential Values, In One Graphic

While it may not be surprising that family emerges as the most important value globally, it's interesting to note that a number of other 'connectedness' values - such as relationships and belonging - emerged in the top 10. Values of loyalty, and religion/spirituality ranked #6, and #7, respectively.

At the same time, security-related values, including financial and employment security, score highly around the world.

From a business and leadership context, values are interesting in that they can guide how people and consumers make their decisions. As people interact with the world, different experiences can 'engage' their most closely-held values.

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TradeBriefs: What's important, not just what's popular!

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TradeBriefs Editorial

From the Editor's Desk

The C.E.O. Who Promised There Would Be No Layoffs

In 10 years running Mastercard, Ajay Banga has favored a forward-looking approach.

When the pandemic hit, Mastercard's chief executive, Ajay Banga, made a promise to the company's 19,000 employees: There would be no layoffs as a result of the economic destruction wrought by the virus.

It was a decision he could afford to make. During his 10 years as chief executive, Mr. Banga vastly expanded the company's reach. Revenues roughly tripled, and profits quadrupled.

Mr. Banga says he didn't achieve these results simply by managing for the short term. When he took over in 2010, he told investors that he would not be giving quarterly earnings guidance. Instead, he offered investors a rolling forecast of where Mastercard would be in three years, and set to work striking new partnerships around the globe.

The strategy worked. Mastercard stock has soared by more than 1,000 percent during his tenure, outperforming competitors Visa and American Express.

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TradeBriefs: What's important, not just what's popular!

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TradeBriefs Editorial

From the Editor's Desk

The rise of the 'half-tourist' who combines work with a change of scene

Covid-19 has accelerated the decline of the office, but not everyone wants to work from home. We look at travel firms catering to the growing number of nomadic workers

Destinations hit by the global halt in travel have already started to target nomadic workers to make up for the loss of tourist income. Barbados was one of the first to launch a "digital nomad" visa, in July. Since then, a wave of other countries have announced similar programmes, including Estonia, Georgia and Croatia. Most recently, Anguilla launched a visa scheme inviting visitors to live and work on the island for 12 months, "swapping grey skies and jumpers for tropical blues and daily temperatures reaching for the 30s".

Carolyn Brown, 58, is a first-time remote worker now considering make it longer term. After closing her office in London during lockdown, she swapped her south-west London flat for an apartment in Santorini, where she starts her day with a swim and spends nights with friends in tavernas. "I went out for a week's holiday but decided to extend it. It's the first time I can do everything online, so why not? With the time difference I usually start at around 6am but I don't mind getting up early when I get to watch the sun rise over a hilltop monastery."

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TradeBriefs: What's important, not just what's popular!

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