Daily Management Review
Management

Nokia Veteran Sari Baldauf The New Nokia Chief, To Face As 5G Challenge

Telecoms equipment maker Nokia has selected Sari Baldauf as its new chairwoman. She will succeed Risto Siilasmaa who headed the Finnish company for eight years.   Nokia is currently facing a huge challenge of continuing in the race for securing of 5G contracts which is the biggest challenge...

Mergers and Acquisitions: Escalation of Commitment Bias

Escalation of commitment bias is particularly prevalent, in high risk strategic decisions, such as mergers and acquisitions (M&A). The acquisition process not only implies technical dimensions but also social, psychological and behavioral dimensions. Mergers and acquisitions involve several actors...

M&A integration: How to successfully integrate strategic acquisitions

Mergers and acquisitions are vital to the growth of many businesses, yet roughly half of all M&As fail to create value or wealth for shareholders of the acquirers (Gaughan, 2017; Whitaker, 2012). One major reason is that firms tend to treat post-merger integration as a mechanical process that...

WTO Director General to resign

The Director General of the World Trade Organization (WTO), Roberto Azevêdo, told the governments of member countries that he plans to resign before the end of his term of office in 2021. It is reported by Bloomberg with reference to four people familiar with the situation. The 62-year-old...

The educational challenges of the pandemic

At the time of writing, UNESCO figures suggest that 1.38 billion learners around the world, equivalent to 80% of those in education, are being prevented from attending classes and courses on-site due to national or regional lockdowns. Education providers are scrambling to produce solutions to keep...

Amazon sets to check employees for COVID-19

Amazon intends to test employees around the world for coronavirus. The company began creation of its first laboratory. Large-scale testing can be one of the ways to restart the economy and return people to work, says Bezos. Regular checks of Amazon employees for coronavirus could be the company's...

World's richest man earns $6.4B in a day

The richest man in the world, Amazon CEO Jeff Bezos, earned over $ 6 billion in a day due to record growth in stock prices, Forbes reported. According to the newspaper, on Tuesday at the close of trading, Amazon's stock price rose 5.3% to $ 2,238 per share. As a result, Forbes estimates that...

Noel Quinn appointed as HSBC Head

Noel Quinn has been appointed CEO of the British-Hong Kong banking group HSBC Holdings plc, the company’s website reads. "HSBC announces that Noel Quinn has been appointed the group’s CEO. The appointment will take effect immediately," the release notes. Noel Quinn has been acting CEO since...

Amazon to hire 100,000 new employees

Amazon.com, the world's largest online retailer, intends to additionally hire 100,000 warehouse workers and couriers in the United States due to the growth of online orders amid the outbreak of the coronavirus COVID-19. A message posted on the company's blog notes that Amazon is opening positions...

Coronavirus Spread In US Forces Postponement Of Elon Musk Trial Over Tesla-SolarCity Deal

The coronavirus outbreak in the United States has forced the postponement of an expected defence of a $2.2-billion deal in court by Elon Musk which was scheduled to begin on Monday.   No new date for the trail has been set.   This case is related to the acquisition of SolarCity in...
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