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Business Energy & Environment Lifestyle Living U.K

First British Interior Design Collective Achieves B Corp Certification

Accouter Group of Companies, home to Accouter, has recently been announced as Britain’s first B Corp certified interior design collective, reported Elliman Insider

AGC believes that the team’s commitment to meeting the “highest standards of verified performance, accountability, and transparency” on a spectrum of social and environmental issues has brought the company this prestigious recognition.

“We are proud to be the first British Interior Design Collective to join this community of change-makers, alongside a global movement of people using their business as a force for good,” said Stella Gittins, cofounder of Accouter Group of Companies. “B Corp is a holistic approach for us. It shapes our culture and encourages us to acknowledge our business impact and act. Most importantly, it gives us a framework for continuous improvement, so that every day, we become a little bit prouder of what we do.”

What Is B Corp Certification?

B Corp is a private certification awarded to for-profit companies that can demonstrate their deep commitment to using business as a ‘force for good’—whether via community outreach, taking sustainability initiatives, or implementing equitable economic practices.

Since 2007, this highly prestigious certification has been awarded by B Lab to enterprises that meet the ‘social and environmental performance’ standards. 

B Lab is a non-profit organisation helping to build a sustainable global economy that will benefit people, the environment, and the world. 

AGC Hails B Corp Status

AGC achieved the highly coveted B Corp status in early 2023.

The company has been evaluated rigorously based on the B Impact assessment criteria. The company scored 83.3, whereas the median score for a business to pass the assessment process is 50.9. 

When more than 22 million pieces of furniture are disposed of in the UK each year, AGC is unwaveringly committed to balancing purpose with profit by championing environment-friendly materials and long-lasting manufacturing processes.

“We know there is cynicism around the topic of sustainability for businesses, which is why it was important for us to achieve our B Corp. B Corp separates the green-washers from the good-doers. It shows people that those that really want to make a change, are making a change and that they are willing to operate in a way that puts people and the planet first, and profit second. For companies like us, the priority is to meet the highest social and environmental standards, and do so with authenticity, transparency, and full accountability,” said Alec Watt, CEO of Accouter Group of Companies.

As part of its effort to better demonstrate its adherence to B Corp standards, the company has formed an internal team headed by a dedicated B-keeper. The team is responsible for ensuring that the improvement goals of the company closely align with its working culture. 

“Our enthusiastic B Corp team worked together to identify all our processes to ensure we are practising what we preach when it comes to responsible business practices. We now have a village of internal people rooting for change, which makes us a powerful force towards achieving better things as a business. We wanted to come together and step up, and we’re proud to have done exactly that,” stated Gittins.

Partnering with Walpole, AGC helps the British luxury industry lower its carbon footprint and environmental impact for a more sustainable future.

What’s Next?

Joining the B Corp force is only the beginning, according to AGC. AGC is committed to ensuring their improvements are ever-evolving by helping build a more inclusive, sustainable economy. 

With B Corp certification, the company is aiming to build a global movement for ensuring sustainable development, curbing inequality, and concocting job opportunities with purpose and dignity.

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Business Finance Financial Market Technology U.S

Kroger and Albertsons Zero in on Store Divestitures Amid Deal Review

The Kroger Co. and Albertsons Companies Inc are still on track to divest 250 to 300 stores as part of their effort to dispel antitrust issues regarding their proposed merger plan.

The stores slated for sale are valued at USD 1B or above, and are located all across different regions of the US—such as Chicago, Phoenix, Southern California, and the Pacific Northwest—reported Reuters, citing unnamed sources.

Kroger-Albertsons Cos. Merger Deal

In a move to reshape the U.S. supermarket landscape, Kroger and Albertsons Cos.—The US’s two biggest grocery store chains—announced plans to join forces in mid-October.

The retailers hope that this merger, if approved by regulators, would help create a corporate behemoth generating around $200 billion in sales per year.

Combined, Kroger and Albertsons Cos. would operate around 5,000 stores across the country.

Reasons Behind the Divestiture

The retailers have decided to prepare for the store divestiture as the Federal Trade Commission (FTC) is reassessing Kroger’s proposed USD $24.6B investment in Albertsons Cos. 

Since the retailers declared the merger strategy, there has been a flurry of movements from American consumer advocates and lawmakers against it. 

They are pressuring the FTC to hit the brakes on the deal, or at least hold it for some time, over concerns that this merger, if executed, could cause significant hikes in grocery prices amid the current spiralling inflation rates.

While declaring their merger, the retailers stated that the plan was to sell around 100 to 375 stores to win regulatory approval faster. However, Kroger mentioned that up to 650 stores could be divested.

As per the agreement, if the deal falls apart over antitrust issues, Kroger would be required to pay Albertsons Cos. $600M as a breakup fee to walk away from the contract.

The retailers are trying to sound out long-sought buyers for their stores and address the antitrust issue of FTC over their merging. 

Both Kroger and Albertsons Cos. expect these stores to be spun off into a subsidiary dubbed SpinCo by Albertsons Cos. or directly acquired by competitor supermarkets trying to extend their footprint in the USA. 

FTC to Monitor the Financial Viability of the Stores Divested

FTC will closely monitor any sale of the stores coming from this divestment, reported Reuters, citing antitrust experts at FTC. 

The current FTC chair Lina Khan marked the failed AlbertsonsCos./Safeway settlement behind FTC’s scepticism about the Kroger-Albertsons deal. 

The result: The agency is strictly scrutinising the potential impact of the Kroger–Albertsons merger deal.

Navigating Divestiture Challenges to Success

Brian Concklin, an antitrust expert and partner at global law firm Clifford Chance has advised Kroger and Albertsons Cos. to ensure that the stores they have decided to divest can act as formidable players in the industry. Thus the retailers can keep the FTC from blocking their merger deal.

“The Albertsons-Safeway deal will loom large over how these assets are viewed and how the FTC evaluates whether these divestiture packages being offered are viable,” commented Brian Concklin.

As a complex process, divestiture requires a coordinated effort to be successful.

For any dynamic enterprise looking to maximise the transaction value while divesting its business, investing in a consulting service like Fission Consulting is a sensible decision.

Such a high-end service streamlines the process while significantly reducing business disruptions.

Wrapping up

Kroger and Albertsons Cos. hope their plan to spin off the stores as part of the merger deal will help overcome challenges while paving the way to get FTC approval. 

“We believe we have a clear path to achieve regulatory approval with divestitures,” said Gary Millerchip, Chief Financial Officer at Kroger in a Bloomberg news.

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Business Education Health & Medicine Human Resources U.S

Dental Industry Leader Laura Nelson To Launch Groundbreaking Podcast Series “Dear Laura”

FOR IMMEDIATE RELEASE

The “Ask Laura” Show Podcast from Front Office Rocks is a must-listen for dental professionals.

Coronado (Calif.)

“Ask Laura” is a new podcast from Front Office Rocks founder Laura Nelson. A well-known dental practice management expert and the nation’s foremost expert on virtual front office training for dental practices, Laura will offer insightful tips, advice, and tactics for dental professionals looking to enhance their practices and provide patients with the highest quality of patient care and service.

Eagerly anticipated by those in the dental industry, The “Ask Laura” podcast, which will be accessible on all major podcasting platforms, is scheduled to debut the first week of February. Listeners are encouraged to submit questions to Laura, who will answer directly on the show.​​

According to Laura, “I am thrilled to launch this new podcast and give dental practitioners a useful tool to help them improve their practices.”

Laura will explore several diverse subjects on her show, including brand awareness, customer service, and the expansion of practices. “My mission is to equip dental professionals with the tools they need to flourish and give patients the greatest experience possible.”

Additional topics which will be covered on the “Ask Laura” show include dental practice management, virtual dental training, dental customer service, dental team training, dental office efficiency, dental practice growth, dental practice marketing, dental practice scheduling, dental practice insurance, dental office culture, dental assistant development, dental hygienist training, dental practice software, dental practice hiring and employee management, dental practice re-care and retention, and dental practice communications to name a few.

The “Ask Laura” podcast will also feature interviews with industry thought leaders and professionals in addition to expert advice, giving listeners access to a variety of viewpoints and knowledge.

“I’m ecstatic to bring my decades of experience and expertise to the ‘Ask Laura’ show and offer dental professionals practical tips and tactics they can put into practice,” said Nelson. “I think I can help dental professionals achieve unbelievable results in their clinics and give patients the finest experience possible by sharing my expertise and experience.”

For dentists striving to enhance their practices and offer the finest patient experience, the “Ask Laura” show is a must-listen. Watch the first episode the first week of February and subscribe to the program on all popular podcasting websites.

Visit the Front Office Rocks website or email Laura Nelson at laura@frontofficerocks.com for more information on the “Ask Laura” show.

About Front Office Rocks:

Dental professionals will learn the skills they need to advance their practices and give patients the best possible experience with Front Office Rocks, an online training resource. The business provides several online learning opportunities, including coaching, live seminars, and on-demand video sessions. Dedicated to empowering dental professionals to flourish in their roles and achieve unheard-of results in their practices, Front Office Rocks is led by Laura Nelson, a renowned dental practice management specialist.

About Laura Nelson:

Laura Nelson BS, MS, FAADOM, is the founder of Front Office Rocks and a renowned dental office management specialist. She has devoted time to researching how to lead and develop her team members, drawing on her years of expertise in the dental industry to achieve unprecedented growth. Along with coaching hundreds of dentists and dental team members, she has also given dentists and office managers the tools they need to flourish at performance-based hiring. Her objective is to impart her knowledge and skills to dental professionals so they may enhance their procedures and give patients the best experience possible.

The “Ask Laura” program is a terrific resource for dentists who want to enhance their practices and give patients the finest possible care. Anyone working in the dental field ought to listen to this program because it contains professional guidance, practical techniques, and a variety of viewpoints. Watch the first episode the first week of February and subscribe to the program on all popular podcasting websites. 

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Business Education Health & Medicine Human Resources U.S

Dental industry Leader Dr. Scott Leune To Launch Groundbreaking Podcast Series “Dear Scott”

FOR IMMEDIATE RELEASE

The “Dear Scott Show” Podcast Is Being Released by Breakaway Seminar in an Effort to Assist Dentists and Dental Practices in Conquering Obstacles and Expanding Their Businesses.

(City, State) – [Location] Breakaway Seminar, a leading provider of business training and consulting services for dentists, is pleased to announce the launch of their new podcast, “The Dear Scott Show.” In the first episode, scheduled to air in February, Dr. Scott Leune will answer questions about problems that dental practice owners are currently dealing with and have submitted to the show.

The purpose of the show is to educate and empower dental professionals by delivering them actionable information and ideas that they can use to expand their practices. According to Dr. Leune, “We could not be more excited to launch this new resource for dental professionals.”

The Dear Scott Show will consist of weekly episodes that are each twenty minutes long and will be taped weekly. These episodes will be released on the company’s social media platforms once per week, with clips shared on social media in the gaps between episodes. During the show, Dr. Leune will respond to questions or challenges posed by viewers, such as “I now run one practice but am considering starting a second; when is the optimal time to do it?”

The goal of Breakaway Seminar is to provide private dentists with cutting – edge business models, operational procedures, and growth strategies so they can enjoy more success in their practices. The Dear Scott Show is an extension of that mission, and it offers dentists helpful insights and guidance in a manner that is convenient and easy to access.

Dr. Leune added, “The Dear Scott Show is an ideal addition to our already established seminar offerings and consulting services. It enables us to communicate with a more extensive audience and deliver an even greater amount of value to dental professionals interested in elevating their practices to the next level.”

The Advanced Startup Seminar and the Business Masters Seminar are two of the core services offered by Breakaway Seminar. The Dear Scott Show is the most recent addition to this collection of offerings. These events have received a lot of positive feedback, which has helped the organization establish itself as a prominent business training company for dentists and members of their teams.

About Breakaway Seminar:

It is Breakaway Seminar’s objective to support private dentists and assist them in thriving by providing them with cutting-edge business models, processes, and strategies. Breakaway Seminar is a prominent provider of business training and consulting services for dentists. The organization gives its clients access to a wide range of services, such as the Advanced Startup Seminar, the Business Masters Seminar, and, most recently, the Dear Scott Show podcast.

About Dr. Scott Leune:

Dr. Scott Leune is a prominent business strategist and speaker in the field of dentistry. He has vast expertise in establishing and maintaining profitable dental businesses. He is the founder of Breakaway Seminar, which has been of assistance to a large number of practices all throughout the country in their pursuit of financial success. The education offered at Breakaway Seminar’s events and through its consulting services is built on the foundation of Dr. Leune’s experiences and the lessons he has learned the hard way.

Visit their website at www.breakawayseminar.com to acquire additional information regarding the Dear Scott Show and the other services provided by Breakaway Seminar. 

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Business Education Health & Medicine Human Resources U.S

Dental Whale Launches Cutting-Edge Learning Series to Help Dentists Save Money

AVAILABLE IMMEDIATELY

Dental Whale Introduces a New Learning Series Podcast to assist Dental Professionals with saving money on purchases.

Sunrise, Florida – Dental Whale, a leading online source of dental supplies and equipment from some of the biggest names in the industry, is pleased to announce the release of its new Learning Series podcast. Beginning in the first week of February, dental professionals may check in to learn about the latest industry trends, best practices, and new products from industry experts.

The Dental Whale Learning Series podcast is ideal for keeping dentists and dental practices up-to-date on industry news and making informed purchasing decisions. The podcast will feature interviews with industry leaders, product reviews, and professional advice on several topics, including technology, materials, instruments, and practice management.

“We are thrilled to introduce this new resource for dental professionals,” said Joe Cavaretta, CEO of Dental Whale. “We recognize how important it is to stay current in the business, and we believe that the Dental Whale Learning Series podcast will be a great tool for dental professionals wishing to enhance their practice while saving money on top brand supplies and equipment.”

All major podcast sites, including Apple Podcasts, Spotify, and Google Podcasts, will carry the Dental Whale Learning Series podcast. Subscribe to the podcast on your chosen platform or visit DentalWhale.com/podcast (link to be updated) to stay up to speed on new episodes.

About Dental Whale

Dental Whale is a supplier of top-brand dental supplies and equipment, allowing dental professionals to save up to 40% on supplies, labs, or equipment. Dental Whale, with a staff of skilled specialists, is dedicated to assisting dental practices in improving their bottom line.

 

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Business Education Finance Services U.S

Boris Musheyev Disrupts The Tax Industry By Changing The Way Business Owners Do Their Taxes

Queens, NY – February 8th, 2023 – Boris Musheyev founder of Boris M Tax Inc. new tax strategy e-book earns the Click Funnels 2-Comma Club award. The S-Corp Tax Book teaches entrepreneurs how to legally pay less in taxes using your S-Corporation. 

This ebook was created to educate entrepreneurs on how the United States tax code is designed and how they can use it to their advantage. Inside the book are tax strategies, deductions, and benefits that any profitable business owner can use to save money on taxes using S-Corporation.

The book also teaches business owners that accounting is more about being correct and putting the right numbers in the right boxes. It’s being strategic, and proactive and maximizing tax savings with tax planning.

Tax planning is not the same as tax preparation. Most people think that tax planning is just for the ultra-mega-rich, and it’s extremely underutilized by small business owners. 

Imagine you’re going on a road trip. Tax planning is like mapping out your route before you leave. You look at the big picture and decide the best way to get to your destination. You take into account things like traffic, construction, and road closures, so you can make adjustments and arrive at your destination on time.

Tax preparation, on the other hand, is like packing your bags and getting in the car. Once you’ve mapped out your route, you gather all the necessary items (documents, forms, etc.) and make sure they’re in order before you hit the road. You double-check that you have your driver’s license, registration, and insurance and that your gas tank is full. You’re ready to go.

Proactive tax planning is the only way to pay less in taxes. Tax planning is the process of looking at your life and business, and identifying strategic ways to minimize your tax liability with proactive tax planning strategies. It’s all about being proactive and taking advantage of opportunities to seriously save money on taxes.

Tax preparation, on the other hand, is the process of gathering all the necessary documents and information, and putting the right numbers in the right boxes. It’s all about being organized and making sure everything is in order before the deadline.

Just like a road trip, it’s important to start planning early and not wait until the last minute. If you wait until the last minute to map out your route, you’re going to miss out on tax-saving opportunities and overpay in taxes. Which is 100% avoidable.

In short, tax planning is all about using proactive tax strategies to pay less in taxes. Tax preparation is simply putting the right numbers in the right boxes. It’s important to start planning early and not wait until the last minute, just like a road trip.

As of today, over 20,000 copies of this book have been downloaded and more and more entrepreneurs learn about the power of tax planning and how S-Corporation can help them save money on taxes.

For more information on tax planning for your business visit www.borismtax.com.

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Business Computers & Software Employment Technology U.S

High-Value Excel Skills Employers Frequently Look For

Possessing work-level proficiency in Microsoft Excel is critical, with more than 82% of middle-skill jobs now being “digitally intensive.”

If you are presently flowing into the job marketplace, you will find most employers seek candidates with expertise in Microsoft Excel, and you should have the chops to stand out from the pack.

That said, honing your Excel skills is a no-brainer if you want to land a freakin’ job—faster. 

A recent article published in Fitwirr discusses the top Excel skills that can help you stay ahead of the competition, taking your career to new heights.

Basic Excel Skills

Getting the hang of high-level Excel skills is always a plus. 

But please understand that Excel is a data manipulative solution with a swarm of functionalities that you may require a lifetime (a long time, if not a lifetime) to master. However, grasping the basics can help you get a head start.

1. Cell Formatting

Excel deals with data, graphs, charts, and numbers. Because Excel applies the same formatting for all cells by default, it gets difficult to decipher the information conveyed by the displayed data. 

Don’t let massive troves of data inundate you. Master cell formatting skills and cut out repetitive tasks to better demonstrate your knack to your employer. 

Auto adjustment of cell size, conditional formatting, adding multiple rows and columns at a time, etc., are a few of the cell formatting capabilities in Excel that can help.

2. Basic Excel Functions

Getting the hang of basic Excel functions is the key to simplifying complex calculations, especially when you are sorting and analyzing a massive volume of data. 

For an entry-level job, ensure you have a great command of the basic Excel functions like IF, COUNTIF, SUM, SUMIFS, TRIM, etc.

3. Excel Shortcuts

To know how to use Excel keyboard shortcuts efficiently is a must-have skill if you don’t want to spend hours preparing a single report. Get your work done faster and amaze your employer with these super-handy shortcuts. 

Mid-Level to Advanced Excel Skills 

If you are applying for a position that may require you to deal with massive troves of complex datasets, make sure you know the inside out of advanced Excel functionalities. 

4. Data Validation

Data validation is an indispensable aspect of any data handling task—whether you’re accumulating information, interpreting data to facilitate decision-making, or presenting data to stakeholders. Unless you enter accurate and specific types of data into cells, your results will be erroneous. 

Thankfully, Excel can confine data entry to specific cells by applying data validation upon input. With data validation, Excel prompts you to enter only valid data when a cell is selected and shows an “error” when invalid data is entered. 

5. Charts and Graphs

One of the best ways to make datasets easily discernible is to turn them into interactive visuals. On top of that, getting the hang of Excel charts is a must if you are hired for a position that requires you to present data to stakeholders using PowerPoint presentations. 

Excel’s built-in charts and graphs are great at helping you recapitulate a large dataset in visual form; efficiently compare multiple data sets; better explain trends; estimate key values at a glance, and more. But the built-in charts in Excel come with limited functionalities that make it really difficult to build professional-looking presentations. 

On top of that, some charts are not natively available in Excel. For example, the Marimekko chart, frequently used by professionals to efficiently visualize categorical data over a pair of variables, is not supported even in the latest version of Excel. It means that you’d have to take the manual approach, which requires too many clicks and includes fewer formatting capabilities. 

If you need to make professional-looking PowerPoint presentations with stunning charts while significantly saving your working hours, using an add-in is a sensible decision. A high-end PowerPoint add-in like think-cell, for example, can seamlessly integrate your Excel charts into PowerPoint slides and help you add the “wow” factor to your presentations.

6. Data Protection

Because Excel files usually contain mission-critical business information, knowing how to keep them out of the reach of cybercriminals is critical. 

With that said, unprotected Excel files can be exploited by hackers looking to exfiltrate and expose sensitive data. With Excel, now, you have the power to limit access to your workbook. You can lock your Excel file with a password, grant reading-only access or even protect your workbook without a password so you don’t inadvertently delete any formulas.

Wrapping up

With the world quickly moving to data-driven business and processes, the demand for Excel experts is on the rise. Master the featured Excel skills above to impress your potential employer. 

Categories
Business Finance Financial Market Technology U.S

NYSE Disaster Recovery Blunder Triggered Major Trading Glitch

The NYSE (New York Stock Exchange) is beleaguered by criticism after an unexpected outage and IT error caused drastic price fluctuations in blue-chip stocks and billions worth of trades to be called off.

The NYSE blamed the ‘technical’ glitch on a manual error with its disaster recovery (DR) system, according to The Register

Let’s Flesh out the Reasons Behind the “Mayhem”

The exchange’s secondary Chicago data centre is supposed to protect US stock markets in the event of an outage or when a natural disaster strikes the venue.

As part of regular maintenance activities, the DR system should be tested daily and shut down manually after the closing bell.

However, on Monday, January 23rd, after the market was closed, an NYSE staffer failed to turn off the disaster recovery system correctly.

The result: the backup system, which is meant to be turned on in the event of a disaster incident only, was left operating overnight. 

It means that the exchange’s trading acted as if Tuesday’s trades were being carried on with the prices of Monday’s trade. 

The consequence: at 9:30 am on Tuesday, as trading started, the NYSE software malfunctioned, and skipped the day’s opening auctions which set prices incorrectly and unfortunately, led to a debacle.

The NYSE, in a statement, said, “The root cause was determined to be a manual error involving the exchange’s disaster recovery configuration at system start of day.

What Was the Consequence?

The technical error triggered a string of events with catastrophic repercussions.

What NYSE addressed as a “system error” caused shares in over 250 firms to go haywire, with some firms encountering fluctuations in their stock prices by around 25%. 

As reported, a total of 84 stocks saw their valuations drastically plunge or surge until they had reached the limits set to thwart securities from trading at extreme prices.

According to a statement released on Wednesday morning, due to the system disruption, 81 stocks had short-sale restrictions (SSR) implemented “erroneously,” with Snap and Morgan Stanley being badly affected. 

While Morgan’s share price dropped by 13%, Walmart saw an increase of 12% in its share price due to the error.

Soon after NYSE halted the most egregious transactions, it stated: “Approximately 4,341 trades in 251 symbols should be busted (canceled).”

NYSE Fielding Claims

NYSE officials spent hours hunting down the reason behind the turmoil until it was confirmed that no such trading chaos would occur again.

“The issues around our market open on Tuesday are our collective responsibility, and we have moved swiftly and decisively to resolve them as a team,” explained a spokesperson from NYSE to Bloomberg. “A core value of ICE (Intercontinental Exchange, NYSE’s parent company) and the NYSE is our commitment to collaboration.”

NYSE is evaluating the financial losses stemming from this “wreck” and is fielding claims from the affected businesses as per exchange regulations.

Automated DR Systems Can Decrease System Failure Risks

Analysts unanimously agreed that automation could help avoid such system errors entirely.

Automation eliminates human error,” according to Dennis Hahn, an analyst at Omdia. “If this [DR system] required to be manually shutdown, this is ridiculous and asking for trouble.”

In short, when it comes to disaster planning for data centres, one of the key elements is deploying an automated DR framework

Future-focused DR solutions like Protera enable customisable and automated backup scheduling. Plus, it frees users from manually configuring each device while also allowing them to back up their business-critical data in multiple locations. 

The result: significantly minimised human intervention, ensuring business continuity.

With customisable RPO and RTO objectives, users can set their systems for backup—every day, every hour, or even every few minutes—based on their backup policies.

Wrapping Up

Unfortunately, the NYSE backup blunder is not the only high-profile operation disruption occurring in January due to manual errors. The recent massive system crash in NYSE raises concern among US retail investors. The occurrence indicates that NYSE should “come up with something better” and implement automation and best practices for disaster recovery management. 

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Business Computers & Software Professional Services Technology U.K

Designing Digital Products in 2023: UX Trends in the Spotlight

Community by NASSCOM Insights recently released a guide on digital products, complete with projected trends in 2023. 

The article talks about the importance of user experience (UX) in digital product design and why creating an effective digital product design strategy is essential. Then, it lays out a design process.

Finally, it talks about digital product design trends for the year.

But, if you don’t know what digital products are, this report won’t make any sense to you. So…

What Is a Digital Product?

A digital product is an intangible item that is delivered and consumed electronically. An example of a digital product might be a music file or video, a PDF, or an ebook. It could also be an app, a software program, a template, or a plug-in.

If you have the right resources, you can create digital products on your computer. Of course, some products require more technical knowledge than others. But, yeah, they don’t need a workshop, where they are made piece by piece.

Since the product is digital, you don’t need physical inventory. And, delivery is quite literally as fast as the consumer’s download speed.

So, if you’re planning to start a business, selling digital products could be a good idea, especially if you’re looking to keep your overhead costs down. App development, for example, is a great way to get started if you have an innovative idea.

But, as I said earlier, you need to spend time on the UX of your product.

Why Is UX Important for Digital Products?

In case you were wondering why UX is so important for digital products, here are some reasons:

It Enhances Usability

Users tend to like digital products designed with UX in mind. That’s because UX enhances the… ummm…user’s experience. 

It takes into consideration how the consumer will interact with the product and removes any potential pain points. The result is a product that is a pleasure to use.

It Can Improve Engagement

A well-designed digital product can encourage users to engage and interact with it more and more. And, it can give them a push in the right direction—encouraging them to take the action you want them to take.

It Makes Your Spending More Effective

Constant improvement can help keep your product relevant and in demand. However, if you spend time—and money—at the beginning of the design process, you can ensure that your future improvements are less expensive. 

You can invest in more features instead of trying to get people to like what you’ve already created.

It Improves Conversion Rates and Retention

An important part of UX design is identifying what your customers need and want. By giving them a product designed for them, you can get them to convert quickly. More importantly, you will retain them.

It Helps Your Brand’s Reputation

So, you create products that are easy to use, efficiently designed, and meet customer requirements. That’s a good reputation to have. Keep doing that consistently and you will find people buying your products because they were built by you.

Now that you know why you need UX, here are some of the UX trends for digital product design in 2023:

UX Trends For Digital Product Design in 2023

According to the report, here are the top UX trends you need to keep in mind when designing your digital product.

UX Copywriting

Quick, snappy copy. Don’t bore users with long, wordy essays.

Inclusivity in Design

Design products so everyone can use them. Bear in mind cultural differences as well as physical disabilities.

AR/VR

It’s a lot more ubiquitous now, so use the power of augmented reality and virtual reality to make your digital product more interesting, exciting, and relevant.

3D Graphics

3D graphics give depth and detail to your product design. Make use of it—especially since modern technology can handle it without lagging or getting overloaded.

Innovative Landing Pages

Hook your audience with impressive landing pages. At the same time, remember that too much detail can be distracting. 

So, now that you know why you need UX in your digital product design, stop and plan your idea in a bit more detail. And, if you need professional help, you have companies like Luminos Software to help you.

Good luck!

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Business Finance Financial Market Technology U.S

Fujitsu to Divest Entire $1.1B Air Conditioning Unit Stake; Bloomberg

Fujitsu Ltd., a leading Japanese global information and communication technology company, is reportedly divesting its stake in Fujitsu General Ltd.—the unit that manufactures cooling systems.

The declaration came during its quarterly financial announcement in October 2022. The company revealed that it was planning the sale of its stake in non-core affiliates—Fujitsu General, Shinko Electric Industries Co., and FDK.

Fujitsu owned around 50% and 59% stake in Shinko Electric and FDK respectively—as of the end of September 2022.

Not a Partial Divestment

Fujitsu shared plans to sell its entire 42% stake in Fujitsu General Ltd. as the Japanese IT coalition looks to speed up a business overhaul.

Fujitsu General Ltd. shares are worth an estimated ¥140B ($1.1B).

“We have set certain criteria for the sale and aim to sell 100% of the 42% stake,” stated the CEO Takahito Tokita in a recent interview. “We won’t do it halfway.”

Fujitsu Receives Substantial Bids

In line with its divestiture strategy, the company kicked off the auction process after it had found several long-sought customers, such as Bosch. The initial bids for the procurement were submitted by January 20, as decided. 

Fujitsu General received around ten bids from high-profile strategic investors and private equity firms. However, the company has not yet narrowed down the list of bidders, said ION Analytics

Why Is Fujitsu Divesting its Air Conditioning Unit Stack?

The CEO marked the divestiture as a part of the company’s effort to ensure more streamlined operations, reported Bloomberg, a leading financial news website. 

Even though the CEO refused to comment on the negotiations, he said the company was “happy to have interested parties.”

Fujitsu is the sixth-largest technology services provider in the world (based on yearly revenue). In its heyday, this Japanese giant manufactured almost everything—from smartphones and laptops to integrated chips. 

In order to focus more on IT and communication systems, the IT firm is now divesting non-core affiliates and has already sold off much of its consumer product lineup.

For the fiscal year ending March 31st, 2023, the company predicts its operating profit to reach a staggering ~$3.11B (¥400B)—a jump of 83%. 

However, analysts unanimously agreed that the profit will be ~$280B (¥359B). Fujitsu General expects its net sales to rise 37.3% to a total of ~$297.2B (¥390B). It predicts an operating profit of ¥18B for the fiscal year through March this year—an upturn of 113.2% year-on-year. 

In the report, the CEO underscored the COVID-19 outbreak and geopolitical pressures regarding Taiwan as the biggest factors making Fujitsu extremely vulnerable.

According to the report, policymakers worldwide are vying to hold sway over the semiconductor technology used for military purposes. 

According to RF Globalnet, the USA is pressuring Japan to help clip China’s chip industry. In this circumstance, when Fujitsu is hugely dependent on Taiwan’s semiconductors, Tokito said the divestment would help the company prepare for any emergency.

Navigating Carve-out Challenges to Success

Divestiture is a cross-functional process that takes place on a legal, financial, organisational, and technical level. Even though equity carve-out is a standard strategy of business management among consolidated and dynamic enterprises, the permanent split-off of the IT poses challenges to participants. 

Leveraging a high-end IT carve-out consulting service, such as US-based Fission Consulting, can streamline the transaction process and significantly shorten the separation timeline with minimal business disruption.

Wrapping Up

Being at the forefront of hyperconnected business transformation, Fujitsu combines the power of IoT with AI, and network solutions. The aim is to help future-focused companies cope with technological shifts. Regardless of the reasons behind the divestiture, Fujitsu hopes the divestment would help the company optimise business operations while also maintaining the supply chain.