Business Communication

Monday Readings// Doctors Without Borders, Banking culture, Networking, and More…

“What about Monday? That could be our one day we look at things the same way, and wear funny shoes.”
― Kevin Dalton

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Doctors without borders in war zones

We all know that various parts of our world, are in a terrible condition. There are ongoing wars, diseases, natural disasters, famine, severely malnourished children, etc. Doctors without borders have been actively participating to help, at least where help is needed the most. But in Syria, things are getting out of control. Hospitals have been attacked and hospital staff members have been killed, to say the least. On Spiegel Online, there’s an interesting story about Dr. Muhamed, who helped a woman deliver a baby, in a war zone in southern Syria, shortly before his hospital was laid in ruins. Read all about it here.

How to become a master in networking

You’ve probably heard this before; ‘ Everything is about networking.’ Yes, I’ve heard that too. Having a good network may help you land that dream job, great deal, funding, great business partners, etc. But the truth is, many of us have difficulties when it comes to networking. We probably easily panic and shy away, and end up missing out on great opportunities. Learn the ways in which you can become a master networker here

So what’s so bad about the banking culture, which allows financial crimes like insider dealing?

Remember the story about Kweku Adoboli  who faced charges of false accounting and fraud and cost Swiss bank UBS almost £1.5 bn? Allow me to refresh your memory.

On BBC, Mr. Adoboli talked about the importance of changing the culture of the banking industry. In his case, he claims that senior bankers placed a huge amount of pressure on him to generate bigger profits by taking greater risks. He also claims the situation hasn’t changed at all and that other young bankers still face that same pressure. But is that a reason to engage in financial criminal activities?  Well guess what? Even students working as interns are not exempted from these rules-See Matthew Uberoi’s story. It’s that serious.

Do you think  what Mr- Adoboli dis makes him a criminal? Do you think what he did was a crime?

Those are the similar questions he was asked at the interview. And, surprisingly (or not) Mr. Adoboli  doesn’t think he is a criminal. In fact, he says that’s only a ‘label.’

Ahem!  In law school, i remember studying this area of financial market abuse in depth. In fact my LLM dissertation focused on the effectiveness of  the Insider dealing regulations in the UK and EU. And one thing i can recall from my findings was that; the regulation of insider dealing and other market abuse related crimes, is a huge and complex area, with endless debates. Some don’t even think it’s a crime and argue this area should not be regulated at all. (To understand what i mean, you may want to begin here- with what Professor Henry G. Manne had to say . And yes, as you may think, he had both his supporters and opposers)

From Mr. Adoboli’s response, i am not surprised at all that he still doesn’t think what he did was a crime. Like many others, I would guess  that what he believed was that – It’s only a harmless white- collar crime. (The term was coined by Edwin Sutherland in 1939). From my  research findings and observations, especially from an ethical and legal perspective (which i will discuss another day), financial market abuse related activities are serious crimes.

You can see Kweku Adoboli’s interview in full  on BBC here or here 

Time to end the  9-to-5 workday?

Many are looking for a career that offers job flexibility these days. Either work from home or show up at your own convenient time, and still get that big fat pay check! Sounds awesome, right? Well, here’s the  news- Flexibility, scares some employers! However, that shouldn’t be the case. In fact according to studies, flexibility may have a positive effect on employees’ overall well-being, their productivity and quality of work. Read all about it here

Shoppable runway shows – How successful is the ‘see now-buy now’ sales strategy?

I’ve spent time watching runway shows and obsessing over some beautiful pieces, i felt i couldn’t live without. You know the kind of  ‘I want it now’ feeling? The good news is that some brands, including high fashion brands, have thankfully began to make that possible. They now enable customers to shop their collections immediately after they debut on the catwalk.But how successful are they?  Read all about it here on the Business of Fashion.

Follow the Yellow brick road to the House of GUCCI!

Gucci is the real talk right now! And we all know who the genius behind it all is- The one and only Alessandro Michele, the new creative director of Gucci. According to Vogue, he is the most influential man in fashion. I absolutely agree! I will never forget his historic catwalk at Westminster Abbey this year in June. It was magical! (You can watch the fashion show here, just to understand my obsession!).

The magical Gucci girl for ‘next season’ SS17 was well presented at the Milan Fashion week recently, and all i could think of is, how Gucciland is fascinating! You can see for yourself the latest fashion show at the Milan fashion week here and the spectacular photos right here. Besides Gucci,  Vogue also named a few other high fashion brands who made it to the top ‘Collections of Milan Fashion Week.’

 

Too Busy For Your Wellbeing?

“I wanted to figure out why I was so busy, but I couldn’t find the time to do it.”
― Todd Stocker

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The world we live in is overrun by stress. In today’s society, people have incredibly busy lifestyles and almost everyone seems to be in constant action these days. I’ve heard business leaders say that they’re too busy to invest time in any leisure activities.

Think about those who work for about 40 hours a week, and probably have to extend those hours because of projects they must work on. Others have high demanding jobs, with hectic schedules and probably have to travel frequently across borders. Others have families and must work to earn a living. Such daily activities can make us feel tired, stressed, and depressed and that can be quite challenging to our ability to live healthy life.

I totally understand the value of time. The ‘every-second counts’ a.k.a ‘time-is-money’ kind of mindset. I totally get it because I’ve been there myself.

Thankfully, there are many outlets of escape from the total madness we face in our everyday life. All you need to do is make use of some leisure time!

I came across an interesting  poem by a Welsh poet, William Henry Davies (1871-1940), who is also best known for his short poem ‘Leisure’

 

What is this life if, full of care,

We have no time to stand and stare.

 

No time to stand beneath the boughs

And stare as long as sheep or cows.

 

No time to see, when woods we pass,

Where squirrels hide their nuts in grass.

 

No time to see, in broad daylight,

Streams full of stars, like skies at night.

 

No time to turn at Beauty’s glance,

And watch her feet, how they can dance.

 

No time to wait till her mouth can

Enrich that smile her eyes began.

 

A poor life this is if, full of care,

We have no time to stand and stare.

 

W. H. Davies- Source Wikisource

 

Though these words were written more than 100 years ago, I still find them relevant in today’s society. Cast your cares aside and create some time for yourself. Enjoy some leisure activities. Start noticing the environment and the people around you and live a healthy lifestyle.

“In the midst of a busy life don’t forget to live.”
― Marty Rubin

Have a nice weekend!

The Debate about Gender Equality Is Far From Over!

I was surprised when i read about Saatchi & Saatchi chairman Kevin Roberts thoughts on gender diversity. Roberts told Business Insider that didn’t think the lack of women in leadership roles was a problem in the advertising industry, and that the debate on Gender inequality in his industry was ‘over.’ -Oh Really?!

Well, according to sources, he stepped down after sparking the roar, and later apologized for his comments. (Read more on The Guardian)

Apology accepted! But i must confess that i didn’t expect that from such a high profile man!

I’m also tempted to ask – Why on earth would he say such a thing? And how many more agree with him?

Certainly not  US President, Barack Obama who publicly called himself a feminist. How awesome!

 

Or  Canada’s prime minister Justin Trudeau who understands what it’s like to be living in the 21 century!

 

There’s an excellent report by McKinsey on “How advancing women’s equality can add $12 trillion to global growth” which explains in depth why the public, private, and social sectors will need to work on closing  gender gaps in work and society. (Read all about it here)

On a separate article, “A CEO’s guide to gender equality“-McKinsey highlights why progress towards gender equality is so slow.

Big as the prize may be, gender equality still eludes companies around the globe. Despite modest improvements in the past few years, women are underrepresented at every level in the corporate pipeline—especially the senior level

The guide offers a solution for  executives to think about pressing forward with their own gender initiatives. Read on here