 At a time when the four-day workweek is gaining global traction among employers and lawmakers, Samsung Electronics is adopting a six-day workweek for its executives.
The Korea Economic Daily reports that the strategy is a reaction to the company's declining performance expectations. Reports indicate that performance fell short in 2023 among central units, including the manufacturing and sales divisions. Samsung Life Insurance Co. "and other financial services firms under the Samsung Group will likely join them soon," it added. Some Samsung executives have been voluntarily working six days a week since January. The aim is "for executives to inject a sense of crisis and make all-out efforts to overcome it," the paper reported, quoting an unnamed Samsung Group company executive. Employees below the executive level will continue working five days a week. Last year, South Korea's government proposed a 69-hour workweek "after business groups complained that the current cap of 52 hours was making it difficult to meet deadlines," according to The Guardian. However, protests from members of Generation Z and Millennials there caused the government to reconsider the proposal. Samsung's approach is the opposite of Microsoft Japan, headquartered in Minato, Tokyo. It adopted a four-day workweek after seeing a 39.9 percent productivity boost among employees during a pilot of the shorter workweek 2019. Samsung's move toward a longer workweek doesn't mean other employers will follow suit. "It appears Samsung executives are being cautious in the face of uncertain macroeconomic and geopolitical tensions," said Sydney Ross, an economic researcher at SHRM. "Since it is only for executives, the six-day week seems to be an opportunity for executives to regularly assess global market conditions to mitigate potential losses." Ross highlighted the increasing demand for more sophisticated generative AI and advanced process technologies. As Samsung is increasing investments in overseas operations, a weaker won has raised borrowing costs and dented company profits. "It's possible," Ross said, "the public announcement is an effort to put pressure on the South Korean government to institute policies to protect the domestic semiconductor industry."
0 Comments
 By: Bennie Randall / Vonoi Magazine Located along the Hudson River in Manhattan, the Intrepid Sea, Air & Space Museum is one of New York City’s most fascinating cultural landmarks. Housed aboard the legendary aircraft carrier USS Intrepid, the museum offers a unique opportunity to explore history, science, and innovation through an impressive collection of aircraft, spacecraft, and military vessels. For both history enthusiasts and casual visitors alike, the museum presents an immersive experience that showcases America’s naval, aviation, and space exploration heritage. The USS Intrepid (CV-11) was commissioned during World War II in 1943 and served with distinction in both the Pacific Theater and later conflicts, including the Cold War and the Vietnam War. This aircraft carrier earned a reputation as a resilient and formidable vessel, surviving five kamikaze attacks and one torpedo strike during World War II. It was decommissioned in 1974 and became a National Historic Landmark. In 1982, the ship was repurposed as the Intrepid Sea, Air & Space Museum, giving it new life as an educational and cultural institution. Today, it serves as a testament to the bravery of those who served aboard and offers a powerful window into the military and technological history of the 20th century.  Special Programs and Educational Initiatives
Beyond its exhibits, the Intrepid Museum is a hub for educational programming. It offers numerous workshops, lectures, and events tailored to different age groups and interests. School groups often visit the museum to participate in STEM (Science, Technology, Engineering, and Math) education programs, which use the museum’s exhibits to teach principles of science and technology. The museum also hosts public events such as the Fleet Week celebrations, where active-duty military members and the public come together to honor the U.S. Navy, Marine Corps, and Coast Guard. Other annual events include Veterans Day celebrations and summer movie nights on the flight deck, which offer a unique cultural experience with stunning views of the Manhattan skyline. The museum also hosts public events such as the Fleet Week celebrations, where active-duty military members and the public come together to honor the U.S. Navy, Marine Corps, and Coast Guard. Other annual events include Veterans Day celebrations and summer movie nights on the flight deck, which offer a unique cultural experience with stunning views of the Manhattan skyline. The museum is open year-round, with additional programming and special events throughout the year. Tickets can be purchased in advance online, and it's recommended to plan for at least three to four hours to fully explore the museum’s exhibits. Guided tours are available for those who want a deeper understanding of the ship’s history and the artifacts on display. The Intrepid Sea, Air & Space Museum is a place where history, technology, and human stories converge. With its impressive collection of aircraft, space artifacts, and military vessels, the museum offers an unparalleled look at the innovations that shaped the modern world. Whether you’re looking to learn, be inspired, or simply enjoy a day of exploration, the Intrepid Museum stands as a beacon of American ingenuity and a testament to the enduring spirit of discovery. Vonoi Digital  This post is about the treatment of Black women in business. If you can’t handle it respectfully, don’t comment. Our collective goal for any discussion should be progress, not ego on who is right/wrong.
Nike is signing Caitlin Clark to an eight-figure deal and giving her a signature shoe - an obvious decision for the apparel behemoth. However, this means that the only active WNBA players with active signature shoes are: CC, Breanna Stewart, Elena Delle Donne, and Sabrina Ionescu. What do they have in common? They’re all white women playing in a dominantly Black league. This is a new development. Previously, almost every WNBA player signature shoe from 1995-2011 belonged to a Black woman: Sheryl Swoopes, Rebecca Lobo (Cuban), Lisa Leslie, Dawn Staley, Cynthia Cooper, Nikki McCray, Chamique Holdsclaw, Diana Taurasi (Argentinian-Italian) and Candace Parker. Stardom drives shoe deal decisions, but shoe deals also drive stardom. Marketers and media have the ability to dictate culture and what’s popular. And right now, basketball companies are saying *only* white women are the face of the WNBA, when A’ja, Arike, Jewell, AT and Sky are right there. Some say “they’re just the best players right now and more marketable,” but come on. COME ON. Stop that. Anyone who is authentically working in women’s sports genuinely understands that representation matters, both ethically and economically. Anyone disagreeing with that is a false actor. This is a truth I have seen first-hand. The U.S. economy stands to add trillions annually if there were more women entrepreneurs (which would require VCs funding women at a greater clip than the current 2-13% rate). Meanwhile, underrepresentation of Black businesses is costing the economy additional billions in unrealized revenues. And so it as a member of both these groups, the Black woman, who faces hardship and unequal footing in America in society and in business, from private civilians to premier basketball players. A’ja Wilson is on the 2024 TIME100 List. And yet for all the progress in society regarding race, and the celebration that is made of A’ja now in media, when it comes to actual *business transactions* that require supporting Black women there is a statistical-based significant fall off that is supported by anecdotal evidence like this WNBA shoe example. Credit to shoe brands for their aforementioned work from 1995-2011. But how in the 12+ years since have we not had a Black woman in the WNBA with an active signature shoe line? It’s not enough for a player to just have a colorway. The signature shoe and the marketing push behind it comes with social implications. I’m asking those with the power to create change to value Black women. Anthony Baldini Athlete Strategies & "Sports in LA" | Sports business analyst | Investor in women’s sports properties |
Get Your Copy Today
Issue 601
Issue 600
Issue 400
Issue 300
Issue 200
Issue 100
AuthorThe Business of Doing Business. Archives
September 2024
Categories |
RSS Feed
|
|
|
(c) 2022 - 2025 Copyright, All Rights Reserved Vonoi Magazine, New York, NY 10001 All Rights Reserved