Category: Economy

Will all future retail stores be like this?

On By LS HIn Business Fundamentals, Economy, Human Resource, InnovationLeave a comment

This convenience store managed by Cheers has no cashier and no check-out counter. You register your faceID, visa payment card and start shopping. Sensors in the store will keep track of your presence in the store and the items you scan upon purchase. When you leave the store with those items, your credit card will be charged accordingly. Is this the future of retail? Interesting times!

Malaysia misses Vision 2020 target

On By LS HIn Business Fundamentals, Economy, ValuesLeave a comment

I vividly recall how the country was energised by the vision of then Malaysian PM Dr Mahathir to bring the country to first-world standards by 2020. Now there is a new “Shared Prosperity Vision 2030” target to create a more equitable economy to make the country the centre of Asia. What can we learn from this when setting visions for companies? What can we do in tracking execution plans so that visions can be re-calibrated or have the runway extended?

Real Madrid had the highest revenue during the covid year of 2020

On By LS HIn Business Fundamentals, Economy, InnovationLeave a comment

All football clubs experienced drop in revenues in 2020. With lockdowns and matches without fans, the main cause of revenue declines is clearly due to having no match ticket sales. In spite of this, Real Madrid has turned in 681M euros. Perhaps this is the time for football clubs to re-examine their business models and revenue mix strategies so that they have a sustainable future.