From companies to government institutions, managers are now realising that innovation and creativity is the way to make money and positively evolve.

Soren Peterson has investigated what creative professionals believe are the ingredients for a booming creative economy.

As a company, it is never easy to unify an existing business with a newly acquired one through a merger or aquisition.

In fact, a study by Isaac Dixon, "Culture Management and Mergers and Acquisitions," showed that cultural differences were at the heart of 30% failed mergers and aquisitions. 

The Middle East is an area that carries many stereotypes and myths.

Before doing business in the Middle East it is imperative to learn about areas such as business culture, business etiquette, meeting protocol and negotiation techniques. 

A true story: when a US telecoms giant decided to replace its manager in Thailand several years ago, it chose an ABC - 'American-born Chinese' - in the belief he would be more culturally attuned to doing business in Asia.

He was not shy about telling his colleagues how to behave and one evening berated a couple of European rivals who had been caught engaged in financial shenanigans.

They decided to play a joke on the new arrival.

They told their driver to follow him and tell him he was going to be killed.

A charity that campaigns to provide a "secure base for Britain's minority ethnic communities" has called for effective leadership to promote diversity, after a poll revealed that almost nine in 10 recent graduates have experienced some kind of discrimination at work.

The Ethnic Minority Foundation, called for leaders to be held accountable for discrimination which, it says is "ruining the life chances of young people".

It follows a survey of 200 graduates by recruitment site Milkround.com which found that 86% of had faced discrimination while working.

Race discrimination affected two in five respondents, with age discrimination affecting 14% and gender 12%. Other reasons for unfair treatment included sexual orientation and height.

One respondent said: "People like me coming from a different country or continent to study and then try to get a work placement here are very vulnerable, particularly if they are unfortunate enough to have employers or managers as ignorant as the one I [worked for]."

Photo by Markus Winkler on Unsplash

This blog was originally written in 2008.  Revisiting this in 2021 makes for interesting reading.

It's fair to say that HumaNext certainly got it right as everything they mentinoned came to fruition and these topics - particularly cultural competency for leaders, are still trending training topics!