Thailand tourism has started the year 2015 on a high with inbound tourist numbers having risen by about a third from the January to July period from last year. This is as per market research conducted by CBRE. The major increase has taken place due to boost in numbers specifically from China and Japan who are taking advantage of the falling Baht. Only the Russian market has fallen as a source due to falling Ruble.

The fifteen best books written by billionaires have been identified. Leading the list is The Virgin Way by Richard Branson. Then there is Onward by Howard Schultz. How to Win at the Sport ofBusiness by Mark Cuban, The Essays of Warren Buffet by Warren Buffet and Business @ the Speed of Thought by Bill Gates occupy the next three slots in the list. Michael Bloomberg’s interestingly titled Bloomberg by Bloomberg comes next. Peter Thiel’sZero to One, Ted Turner’s Call Me Led and Donald Trump’s Think like a Champion feature next in the list. Completing the top ten is The First Billion is the Hardest by T Boone Pickens. Soros on Soros is considered an ultimate work on business consulting by George Soros. Next three spots are occupied by Michael Dell’s Direct from Dell, Oprah Winfrey’s What I Know for Sure and Built from Scratch co-authored by Bernie Marcus and Arthur Blank. Finally, completing the list is Ralph Lauren written by the man himself.

Organizations lose a lot of money, time and effort simply in recruiting the right personnel. Also a lot of employees fail to settle down not only due to low productivity but because of attitudinal problems. Thus during talent recruitment, it remains crucial to identify the aspirant as per the organization’s cultural fit. This will help reduce employee turnover. Enron’s failure was a clear outcome of the profit-at-all-costs culture prevalent at the firm. Disney, Google and Southwest Airlines have thus initiated behaviour based interview rounds.

The average spending by inbound tourists to the USA has increased as per tourism consulting provided by the Department of Commerce. The major proceeds derive from travel receipts, passenger fare receipts and medical or educational visitors. This has also led to a spurt in the development of travel jobs. In 2014 average spend had increased by three percent and a further one percent growth has resulted in 2015. This has been possible due to an overhaul of the tourism bureau, the first of its kind in three decades.

A management consulting publication has provided us a list of tasks every manager must be performing on a daily basis. First of all they must develop trust with all stakeholders in the business. This they can achieve by posing relevant questions and performing their own duties with utmost dedication. They need to build a team and manage the same. Also they must develop a network of long term relationships involving various people connected with the business.  

Six steps have been identified by a leading management consulting publications which can motivate employees to become intrapreneurs. The first step must be empower employees. Relationships between employees has got to be fostered with encouragement from the management. In fact, employees must be encouraged to go beyond the limited confines of their work. Frequent brainstorming sessions must be held. The individuality of employees must also be emphasized upon rather than conventional norms as this generates business innovation. Ideas also need substantial time and freedom to incubate.

Engaging existing employees is among the primary concerns of organizations these days. Some methods have been adopted by organizations to achieve the same. The City of Houston initiated a programme where bosses would be better coaches and in the process impart management training. Rescue SCB has set up a system where goals to be set at corporate strategy must be meaningful and inspiring. Guitar Center involves employees in meaningful ways. Encouraging peer based identification is something Saba Cloud Suite has implemented. Express meanwhile is known for its culture of learning and professional growth.