The debate on the COVID19 saga whether it is a “black swan” or a “white swan” continues. To me, this COVID19 event is a preventable tragedy just as fellow academic Nassim Taleb who coined the “black swan” term said it is – a “white swan“; not only in terms of lives, but in terms of economies and livelihood too. It is a worrying trend and time.
Tag: economy Page 1 of 4
A crisis like COVID-19 is like no other. Unlike the Global financial crisis in 2008 or the SARS crisis earlier, this COVID-19 has literally killed entire industries that were previously thought to be invincible, like aviation. From expecting a shortfall of over 200,000 pilots needed for the next few years and an abundant order of jets from leading jet makers like Boeing and Airbus, suddenly planes and crew are all grounded, worldwide!
These days, mid-level management jobs are getting fewer, as organizations streamline and continue to flatten their hierarchies. Top-level jobs are also getting fewer, simply because jobs are consolidating and people are less likely to jump these days.
I watch news and variety programs from Taiwan and China, and often, there will be Caucasians who would speak perfect Mandarin, and have attended graduate programs in both these locales. This is no longer unique, but becoming commonplace.
I had the unpleasant experience recently in a situation, where one particular company harped ad nauseam about targeting the “millennials” in an expensive campaign, almost as if the rest of the generations are either irrelevant or non-existent. But the reality is that the millennials “Gen Y” make up only part of the consumer generation, and not more, or less important, than others.
We are not talking about actual suicide obviously, but the situation where an employee threatens to quit on you for no good reason. What should leaders do?