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Why your organisation needs a strong travel culture
Having a travel culture in an organisation can be a competitive advantage for organisations today, a new survey by Harvard Business Review Analytical Services and Egencia has revealed. In fact, nearly six in 10 (58{3132c872e6c78dc13c400a594a399f7f701f7fca090fe22c84668d12b33a9deb}) of business leaders surveyed said having a strong travel culture – one where the company, its leaders and its processes support the use of corporate travel as a form of strategic investment with business value – is very important to their organisation’s business performance today. The research was published in a report titled ‘Travel Culture: Your Competitive Advantage in a Global Market‘, and showcased the various benefits of having a travel culture in the organisation, as highlighted by…
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A ‘Strong Corporate Travel’ Culture Pays Off for Companies
Business travel costs should, of course, be managed. But CFOs who care foremost about managing the expense may not be aligned on travel priorities with a majority of leaders throughout their organizations. Harvard Business Review Analytic Services surveyed 587 executives and managers who indicated they were familiar with their organization’s corporate travel policies and culture. Two-thirds (68{3132c872e6c78dc13c400a594a399f7f701f7fca090fe22c84668d12b33a9deb}) of them identified “treating travel as a strategic investment that adds business value rather than a cost to be minimized” as an important aspect of corporate travel culture. Respondents could select up to three such aspects from a list of 11. The next-most-cited one, at 43{3132c872e6c78dc13c400a594a399f7f701f7fca090fe22c84668d12b33a9deb}, was “providing a suite of corporate travel…
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Big-Box Retailers Battle for Inventory in Bet on Strong Holiday Sales
Shops are loading up on merchandise for the getaway period in a sturdy display of self-confidence in purchaser desire even as the Delta variant and supply-chain disruptions add uncertainty to restocking endeavours. Greatest Obtain Co. , Focus on Corp. and other massive merchants are amassing extra stock in contrast with very last year’s pandemic-depressed concentrations, in some instances logging double-digit percentage increases as the stockpiles also exceed 2019 values. Covid-similar manufacturing facility shutdowns in Asia and world wide shipping bottlenecks have enterprises jockeying for products and vessel area to keep away from shedding critical fourth-quarter product sales, a contest that tends to favor deep-pocketed big-box shops around scaled-down opponents. Global…