We wish you and your students the best as everyone responds to the medical and economic impact of the pandemic. With troubling news unfolding day by day, your students may have questions about the economy as they hear more and more discussion about a recession. As painful as these current circumstances are, they do present an opportunity to discuss this important economic concept and its influence on business, employment, and consumer behavior.
The term recession sometimes get used in casual speech as a general term for a severe economic slowdown, but economists think in more specific terms. A commonly used but somewhat narrow definition of recession is a drop in economic activity, as measured by GDP, lasting at least two quarters. This is the definition used by UCLA’s Anderson School of Management in this article.
"The 2020 Workplace is here! The workplace I described in my book, The 2020 Workplace: How Innovative Companies Attract, Develop, and Keep Tomorrow's Employees Today, is now distinguished by a workplace where the rapid pace of change is the new constant in the world of work! As we head into the 2020 workplace, ask yourself these questions."
"New technologies, evolving customer demands, and societal shifts are rapidly changing the business landscape. These factors paved the way for location-independent companies, niche markets, disruptive industries, as well as closely-knit global teams. However, to reap the benefits that these changes have to offer, you must keep yourself up-to-date on the emerging entrepreneurship trends.
"To help you out, we have compiled some data on the different industry shifts to look out for in 2020 and beyond. With this, it’ll be easier for you to fully grasp the changes that can affect your entrepreneurial endeavors and update your strategies accordingly. As such, you can keep your business moving forward in the changing times and keep your edge against the competition."
'With the speed at which modern technology is growing and evolving, it is no surprise that everything that relies on it must move at a similarly breakneck pace. Digital marketing is no exception.
'With constant updates, new techniques, and changes to algorithms, digital marketers are frequently scrambling just to keep up. Being aware of emerging or continuing trends is a vital part of staying on top of the game.
'With a brand-new decade rapidly approaching, here are some of the top marketing trends for 2020.'
" In the last decade, the workforce has changed in ways many business professionals never could have imagined. The ubiquity of smart devices and internet connectivity means that more companies than ever are hiring from a national, and even global, talent pool, as people can do their jobs from anywhere in the world. Rapidly-changing technologies have also revolutionized certain outdated hiring processes and HR functions, leading to a workforce that's simultaneously distributed and constantly connected.
"As we approach the new year (and the new decade), many leaders are speculating on what might change about the current workforce and how we think of employment. We asked a panel of entrepreneurs to share their top predictions for the way work will look in 2020 and beyond. Here are the things they believe will change, and whether they see them as positive or negative transitions."
"Follow the latest trends in the management industry to keep up the pace and face challenges confidently. Read below to know the top 10 management trends expected in 2020."
" Every year, some advertising tricks and trends come into play and seem to be at the forefront of all big company marketing campaigns. Others stand the test of time and appear over and over because they work. As we move into 2020, there are a few trends you can count on and should learn well so you can apply them to your business."
There's so much money advice out there that it can be difficult to differentiate the good ones from the bad ones.
To save you some trouble, we asked nine financially savvy business owners and advisors in The Oracles to share the biggest money myths that can stunt your financial success:
"A new study shows just how hard it is for many Americans to get ahead. The average American spends roughly $1,272 per paycheck on living expenses — with the majority of expenses coming from housing and utility bills — according to a recent Clever Real Estate report using Bureau of Economic Analysis spending and income data and IRS state tax data.
"Clever Real Estate compiled a ranking of the best and worst metro areas to live in based on how much money residents have leftover from a typical biweekly paycheck. After subtracting expenses and income taxes from biweekly pretax income, the average amount of money leftover among all Americans was $136.39."