Contrary to popular management belief, research reveals a surprising truth about workplace performance: simply firing low-performing employees doesn't improve team effectiveness—in fact, it can have the opposite effect. Recent studies suggest that aggressive culling of staff may actually diminish overall organizational performance and team morale. When companies adopt a ruthless approach of eliminating perceived underperformers, they create a toxic work environment characterized by fear and uncertainty. This strategy often leads to decreased productivity, reduced employee engagement, and a significant drop in collective performance. Instead of raising performance standards, such practices can trigger a downward spiral of workplace motivation and collaboration. Successful organizations understand that nurturing talent, providing targeted training, and creating supportive development opportunities are far more effective strategies for improving team performance. By investing in employee growth and addressing skill gaps constructively, companies can transform struggling team members into valuable contributors. The key takeaway is clear: performance improvement is about empowerment, not elimination. Leaders who focus on coaching, mentoring, and creating a culture of continuous learning are more likely to see genuine, sustainable improvements in their team's capabilities and overall organizational success. MORE...

In an exclusive interview with Bloomberg's 'Insight with Haslinda Amin', Anne Tse, PepsiCo's CEO for the Asia-Pacific region, offered a compelling perspective on the company's strategic approach in one of the world's most dynamic markets. Despite current economic fluctuations, Tse remains optimistic about the immense potential of the Chinese market. With unwavering confidence, she emphasized that China continues to represent a significant and scalable opportunity for PepsiCo, transcending short-term market volatility. Her insights underscore the company's long-term commitment to growth and strategic expansion in the region. Tse's strategic vision highlights PepsiCo's adaptability and resilience in navigating complex market landscapes, positioning the company for sustained success in the rapidly evolving Asia-Pacific market. MORE...

In a brazen series of targeted break-ins, a local Sacramento business owner is left reeling from multiple smash-and-grab incidents that have left significant property damage and financial strain. The suspect remains at large, creating tension and uncertainty for the affected business. The repeated attacks have not only caused substantial monetary losses but have also shaken the owner's sense of security. Surveillance footage and ongoing police investigations are currently underway as authorities work to track down the elusive perpetrator responsible for these destructive crimes. Local law enforcement is urging anyone with information about the suspect or the incidents to come forward, hoping to bring a swift resolution to this unsettling string of business break-ins. The community remains on high alert as the search for the suspect continues. MORE...

In an exclusive interview with Bloomberg, Jacob Kam, the dynamic CEO of MTR Corporation, offers insights into the company's ambitious expansion plans, global strategy, and perspective on Hong Kong's evolving property landscape. During his conversation with Bloomberg's David Ingles and Rebecca Choong Wilkens on "The China Show," Kam provides a comprehensive overview of MTR's strategic vision and future trajectory. As Hong Kong's premier railway operator, MTR is not just a transportation company but a key player in the region's urban development. Kam delves into the company's upcoming projects, highlighting its innovative approach to integrating transportation infrastructure with real estate development. His discussion reveals MTR's commitment to expanding both locally and internationally, showcasing the company's adaptability in a rapidly changing market. The interview offers a rare glimpse into the strategic thinking behind one of Hong Kong's most influential corporations, with Kam sharing valuable perspectives on the challenges and opportunities facing the city's transportation and property sectors. MORE...

Local businesses in Lower Manhattan are sounding the alarm about potential economic challenges, but a closer look reveals a more nuanced story. A recent survey suggests declining sales, yet direct customer interactions tell a different tale. Contrary to merchants' claims, most shoppers in the area actually arrive by foot, public transit, or bicycle—not by car as some might assume. Streetsblog's on-the-ground reporting reveals that the narrative of automotive-driven commerce in this vibrant neighborhood may be more myth than reality. The survey's hearsay-driven conclusions appear to overlook the dynamic pedestrian-friendly nature of Lower Manhattan's shopping districts. While business owners express concerns about foot traffic and sales, the evidence suggests a resilient and adaptable retail environment that thrives on the area's walkable urban landscape. The disconnect between perceived economic challenges and actual customer behavior highlights the importance of data-driven analysis over anecdotal claims. MORE...

Every March, Miami's vibrant Little Havana comes alive with the electrifying Calle Ocho Festival, a spectacular celebration that transforms 8th Street into a pulsing artery of Latin American culture and culinary delights. This iconic street party is more than just an event—it's a vibrant tapestry of music, dance, food, and community spirit that captures the essence of Miami's rich multicultural heritage. As salsa rhythms fill the air and colorful crowds dance through the streets, visitors are transported into a world where Cuban, Colombian, Venezuelan, and other Latin American traditions blend seamlessly. The festival is a sensory explosion, with sizzling food stalls offering mouthwatering empanadas, authentic Cuban sandwiches, sweet plantains, and refreshing tropical drinks that represent the diverse culinary landscape of Latin America. Live music stages showcase everything from traditional salsa and merengue to contemporary Latin pop, creating an infectious energy that draws over a million people each year. Street performers, traditional dancers, and local artists add to the festive atmosphere, making Calle Ocho a living, breathing celebration of cultural diversity and community pride. More than just a street festival, Calle Ocho represents Miami's unique ability to bring people together, transcending cultural boundaries and creating a vibrant, shared experience that celebrates the city's multicultural soul. MORE...

In a troubling trend that has local business owners on edge, San Jose Camera and Video in Campbell has been repeatedly targeted by increasingly bold burglars. An anonymous employee, speaking candidly about the ongoing security challenges, revealed to ABC7 that these break-ins have become a disturbingly frequent occurrence, with criminals growing more daring with each incident. The escalating pattern of burglaries has not only raised serious concerns about business safety but also highlighted the brazen nature of criminal activity in the area. While the employee chose to remain unidentified, their account paints a stark picture of the mounting challenges faced by local businesses in protecting their assets and maintaining a sense of security. MORE...

Cementing Success: How a Philippine Cemetery Chain is Transforming into a Business Powerhouse In a remarkable financial twist, a Philippine cemetery operator is making waves in the investment world, with its stock soaring to an astounding valuation of 100 times its book value. This extraordinary market performance signals the company's ambitious strategy to evolve beyond traditional cemetery services and establish itself as a significant player in the nation's business landscape. The company's bold vision has caught the attention of investors and market analysts, who are intrigued by its potential for transformation. By leveraging its existing real estate assets and strategic positioning, the cemetery chain is seeking to redefine its corporate identity and create a new economic ecosystem. While the astronomical stock valuation might raise eyebrows, it also reflects the market's excitement about the company's innovative approach to growth and diversification. Investors are betting on the organization's ability to transcend its original business model and emerge as a dynamic commercial enterprise. As the Philippine business landscape continues to evolve, this cemetery chain's remarkable journey serves as a testament to the power of strategic reinvention and entrepreneurial spirit. MORE...

Cementing Success: How a Philippine Cemetery Chain is Transforming into a Business Powerhouse In a remarkable financial twist, a Philippine cemetery operator is making waves in the investment world, with its stock soaring to an astounding valuation of 100 times its book value. This extraordinary market performance signals the company's ambitious strategy to evolve beyond traditional cemetery services and establish itself as a significant player in the nation's business landscape. The company's bold vision has caught the attention of investors and market analysts, who are intrigued by its potential for transformation. By leveraging its existing real estate assets and strategic positioning, the cemetery chain is seeking to redefine its corporate identity and create a new economic ecosystem. While the astronomical stock valuation might raise eyebrows, it also reflects the market's excitement about the company's innovative approach to growth and diversification. Investors are betting on the organization's ability to transcend its original business model and emerge as a dynamic commercial enterprise. As the Philippine business landscape continues to evolve, this cemetery chain's remarkable journey serves as a testament to the power of strategic reinvention and entrepreneurial spirit. MORE...

Richmond buzzed with youthful energy and entrepreneurial spirit this weekend as young innovators took center stage at the eighth annual Richmond Children's Business Fair. Aspiring entrepreneurs, ranging from elementary to high school students, showcased their creativity, business acumen, and passion through an impressive array of unique business ventures. The event transformed local exhibition space into a vibrant marketplace, where young business owners proudly displayed their products and services. From handcrafted jewelry and artisan baked goods to innovative tech solutions and eco-friendly products, these young entrepreneurs demonstrated remarkable ingenuity and business skills far beyond their years. More than just a showcase, the fair provided a platform for these budding business leaders to gain real-world experience in marketing, sales, and customer interaction. Participants not only sold their products but also learned valuable lessons about entrepreneurship, financial planning, and the importance of pursuing their dreams. Parents, mentors, and community leaders watched with pride as these young innovators confidently pitched their businesses, engaged with potential customers, and turned their creative ideas into tangible enterprises. The Richmond Children's Business Fair continues to be a powerful testament to the entrepreneurial potential of the next generation. MORE...