Oracle co-founder Larry Ellison has spoken out about the advantages Oracle holds over cloud competitors Amazon.com, Salesforce.com and Workday. While Ellison finds Amazon's database lacking, he said Oracle is bringing in software-as-a-service customers faster than Salesforce and that Workday lacks the platform needed to topple Oracle.
Worldwide real wage growth -- the increase in salary minus inflation -- is expected to be just 1.5% on average in 2018, the smallest rise in the past five years, according to Korn Ferry. US workers are predicted to see a 1% increase in real pay, while employees in China could see a boost of 4.2%.
Professionals should seek input from managers on skills they might need in order to advance their careers next year, writes Martin Yate. Make sure to take advantage of the advice you receive, and check in informally every few months to give updates on your progress.
Wisconsin entrepreneur Sandy McDonald has big plans for her snail farming operation, called Cupid's Arrow Escargot. McDonald, who says she anticipates selling to restaurants and people who are open to trying new sources of protein, is working with the Department of Agriculture to ensure compliance with regulations.
Arby's is planning to open 50 locations in Egypt as part of an agreement with Vantage Egypt for Tourism and Entertainment. Arby's is also opening locations in Kuwait and Saudi Arabia along with franchisee Kharafi Global.
Inscripta, which says it has discovered an enzyme known as CRISPR-MAD7 that could be used to edit genetic code, says it wants to make the enzyme widely available. The startup is planning to make money by selling machines to scientists.
The World Health Organization estimates poor mental health costs the global economy $1 trillion a year, so it's necessary employers create a culture where people feel as uninhibited to discuss mental health as they do physical health, writes Jennifer V. Miller. Listen to people and thank them for confiding, she writes, but avoid giving advice or pep talks.
Close your year with CARE -- a meeting that celebrates success, acknowledges disappointments, renews team energy and engages teams by asking for input, writes Karin Hurt. Go beyond numbers to talk about improved relationships and why the "how" of what was achieved matters.
Think of innovation less as making huge bets and more about understanding what makes a good risk, Jeff Foley writes. "Good risk typically relates to a product or service that is core to your business, because that's where the value is to your customers," he writes.
Complexity is the challenge for younger companies that can't hire quickly enough to keep up with revenue and in established firms that lose sight of what made them successful, says Chris Zook of Bain & Co. Complexity can be found at the highest levels of bureaucracy all the way down to the products themselves, he argues.
- Page 1