Channel News Asia
Department stores can create own brands to survive beyond COVID-19 pandemic: Experts
For department stores to survive the pandemic and beyond, they might like to be distinctive and build their own exclusive brands. BCG’s Shiv Choudhury shares his views on the steps department stores can take to successfully differentiate themselves both online and offline.
Nikkei Asian Review
Indonesia holds talks with US to lure companies from China
US companies are relocating their operations out of China to other parts of Asia and Indonesia is one of the potential countries they can shift to. It has lower labour cost and ranks higher in Competitive Industrial Performance amongst its neighbours. Yet, Indonesia struggles to attract these foreign investments in.
Channel News Asia
Digitalisation push in Fortitude Budget is the right move. Much will depend on whether SMEs embrace this opportunity
The benefits for firms to go digital need no further explanation – studies undertaken by BCG and IMDA, for example, shows that the more digital one is, the better its earnings growth. Yet, despite an array of digital initiatives introduced by the government before and during this pandemic, there’re still gaps in SMEs’ digital adoption and implementation, even when it is a question of “do or die”.
FAZ
Sind Kinder ein Stolperstein für die Karriere?
Wer Nachwuchs hat, strampelt sich im Homeoffice ab, alle anderen können sich beruflich ins Zeug legen. So einfach ist es zwar nicht: Dennoch könnte Corona Einfluss auf die Aufstiegschancen vieler Beschäftigter haben.
The Edge Singapore
Unlocking the diversity dividend in South-east Asia
According to a BCG report, the more diverse and inclusive a company is, the more developed, competitive and digitally prepared it is. Despite so, companies in Southeast Asia (one of the most diverse regions in the world) are lacking behind in D&I initiatives, which are potentially causing them a cost of up to US$30billion annually. BCG’s Colin Teo, Mariam Jafaar and Michael Meyer dive further into the topic with The Edge Singapore.
Tagesspiegel
Fünf Thesen zur Smart City in der COVID-Normalität
Was bedeutet die Coronakrise für Smart Cities? Das Modell der „resilienten Stadt“ werde an Bedeutung gewinnen und Konzepte zur Digitalisierung der Kommunen werden sich wandeln müssen, schreibt Thilo Zelt von der Boston Consulting Group in seinem Gastbeitrag.
Forbes
COVID-19 Reconfirms That Women Make Great Leaders
In his guest column for Forbes, BCG’s Grant Freeland praises the women who have lead their countries and companies through the pandemic. In a discussion with BCG’s Matt Krentz, he cites a BCG report which says that companies are too focused on diversifying their board rooms and not focused enough on their executive suite. Noting that after the 2008 crisis, it took until 2020 for women and people of color to regain the same level of leadership, Freeland writes, “let’s not have a repeat.”
Die Presse
Stellen wir die Frage nach dem Sinn
Management. Unternehmen, die über ihren Purpose Bescheid wissen, tun sich nicht nur in der Krise leichter, sie denken längst auch über die Zeit nach der Pandemie nach, sagt Tim Kuhrcke.
HBR.org
3 Ways to Put Your Corporate Purpose into Action
In his coauthored article for hbr.org, BCG’s Robert Eccles discusses ways companies can put their purposes into action. He says that before corporations can act, they must be clear on what their purpose is and decide how they will be held accountable for meeting that purpose. Eccles writes that in order to make a company’s commitment to purpose enforceable, “powerful players that dominate American corporate governance will come together to make it happen.”
Forbes
How to Get 40 Job Offers in Two Weeks
In his guest column for Forbes, BCG’s Grant Freeland offers advice to the class of 2020 about graduating in a recession. Reflecting on his and BCG CEO Rich Lesser’s similar postgrad experiences, Freeland shares how he used creative means to diversify himself from other applicants. He emphasizes that “now it’s time to throw away your earlier game plan, get creative, and hustle.”
SPIEGEL Online
Das neue Leben der Ex-Vorständin Janina Kugel
Im Zwist mit Siemens-Chef Joe Kaeser verließ Personalchefin Janina Kugel den Konzern. Nun beschäftigt sie sich damit, wie Firmen die Corona-Pandemie überstehen.
The Edge Singapore
Reopening Singapore Inc a Balancing Act
COVID-19 has caused the world to come to a halt one way or another, and is expected to have a major impact on the global economy. While the economy will suffer from an extended lockdown, reopening too soon would risk public health and also leave countries vulnerable to further debilitating lockdowns. BCG’s Vincent Chin shares his perspective on finding the right balance between the two scenarios.
Hindustan Times
In Fight Against COVID-19, Increased Testing and Better Infra Critical
In their guest column for Hindustan Times, BCG’s Priyanka Aggarwal, Kshitij Vijayvargiya, and Siddharth Jain emphasize the importance of diagnostic testing against coronavirus. In an effort to increase testing capacities, they recommend addressing disparities in lab capacity, ramping up production of PCR machines, setting up fever clinics, and leveraging innovative technology.
The Edge Markets
Preparing Malaysia for a Post-COVID-19 World
In his guest column for The Edge Markets, BCG’s Vincent Chin explains how the government can create an adaptive and resilient strategy for reopening the country. He explains that the government can help citizens adjust to the new reality by focusing on engineering a sustainable economic rebound. Chin emphasizes that now is the time “to begin the hard but essential work of rebuilding our societies and economies for the bright postpandemic days ahead.”
The Washington Post
BCG CEO Rich Lesser: The Concerns on Every CEO’s Mind
In an interview with The Washington Post, BCG CEO Rich Lesser discusses executives’ hesitation to restart the economy. As some states ease lockdown restrictions, CEOs are cautious of reopening too quickly, which could lead to a “W” trajectory. He explains that not only would this trajectory further damage the economy, but it could also harm society and consumer confidence. Lesser emphasizes that while CEOs are worried about the economy, their first concern is “how to keep people safe.”