• The 4th biggest advertising company, IPG outperformed its bigger rivals like WPP and Omnicom in 2020.
  • Insider identified the 16 execs who are key to helping CEO Philippe Krakowsky keep the momentum going.
  • They include Initiative’s Amy Armstrong and chief data and tech officer Arun Kumar.
  • See more stories on Insider’s business page.

Philippe Krakowsky in January became CEO of IPG, the fourth-biggest ad holding company with agencies like McCann, MullenLowe, and Deutsch.

While Krakowsky may not have seemed like the obvious choice for the job, not having the financial or consulting chops typical to that type of position, sources described him as the quintessential advertising insider who’s long been active in new-business pitches, acquisitions, and PR crises.

As a 20-year vet of IPG, Krakowsky has close relationships with many of its executives across agencies. Executives told Insider that he often acts as a mentor and problem solver for agency

Read More

Being a manager is a tough job, but being a great one is even tougher. Just consider the array of knowledge and skills it takes to deal with a variety of people, tasks and business needs. Authors James Manktelow and Julian Birkinshaw say that, ideally, managers should know between 90 and 120 individual skills. Manktelow, founder and CEO of MindTools.com, and Birkinshaw, deputy dean for programs at London Business School, surveyed 15,242 managers worldwide to identify the most critical competencies, which are highlighted in their book Mind Tools for Managers: 100 Ways to Be a Better Boss (Wiley, 2018).

Here are the highest-ranked skills, according to their survey:

1. Building good working relationships with people at all levels.
Recommended by 79.9% of managers surveyed.
The most important management skill, the survey found, is the ability to build good relationships with people at all levels. For example, an approach to relationship

Read More

Top Takeaways from Andy Grove’s High Output Management

“Stanford Business School or Y Combinator?” Because I went through both, I get that question sometimes.

“Apply to both,” I reply, “they’re each amazing. YC is outstanding preparation for building an early stage company, and Stanford for leading as an executive and board member. But if you’re managing a company, do one more thing: read HIGH OUTPUT MANAGEMENT.”

The book is legendary in Silicon Valley. It’s a crash course for middle managers by former Intel CEO Andy Grove, with a foreword by Ben Horowitz, and praise from Mark Zuckerberg, John Doerr, Marc Andresseen, and leaders across the tech industry.

To quote former Apple board member Bill Campbell: “High Output Management is a bible that every entrepreneur and every manager in the country should look at, read and understand.” It costs ten bucks. It takes a day to complete. It’s

Read More

  • Tor Peterson, Kenny Ives and Nico Paraskevas will all leave in the coming months, according to an internal memo.
  • Ives and Paraskevas had been viewed as potential candidates for the CEO job but lost out in the race to succeed Ivan Glasenberg. 
  • The changes do little to address a lack of diversity in Glencore’s senior ranks: all the new department heads named in the memo are men.

Glencore is shaking up its top management, with three of its most senior traders set to depart — the latest step in a wider changing of the guard at the world’s largest commodity trader.

Tor Peterson, the head of coal trading, Kenny Ives, head of nickel trading, and Nico Paraskevas, head of copper trading, will all leave “in the coming months,” according to an internal memo from Chief Executive Officer Ivan Glasenberg.

Ives and Paraskevas — both in their mid-40s — had been

Read More

Organizations of all types require competent management in order to run smoothly and optimize the potential for profit and growth. Of course, management skills are applied to jobs labeled as “management positions” in the organizational chart, but are also vital for employees in many other roles.

For example, event planners need management skills to orchestrate events, secretaries need management skills to manage office processes, and benefits specialists need them to organize information sessions for employees.

What Are Management Skills?

Management skills are applied to a broad array of functions in areas like production, finance, accounting, marketing, and human resources. Common components of management in different arenas include: selection, supervision, motivation and evaluation of staff, scheduling and planning of workflow, developing policies and procedures, measuring and documenting results for a group or department, solving problems, developing and monitoring budgets and expenditures, staying abreast of trends in the field, collaborating with other

Read More

Last updated on March 11th, 2021

Small business entrepreneurs have many opportunities that they can explore successfully; all they need is a great small business idea. All good business ideas do not require spending of greater funds, but surely need thorough research before you take a plunge. However, make sure that you give your time and have some clever marketing plans in place to get a good start.

Operating and running a new business venture successfully is a tough job. According to a report, about 80% of new businesses close down in the first year. This is a huge failure rate. This should make you even more watchful about the steps you take to establish your startup.

One of the reasons for the high rate of failure may be that many entrepreneurs chose a wrong business idea. Along with a clickable business plan, you need to have every branding material

Read More

Your advertising budget can go a long way by advertising for free on other sites. While you can find numerous options online like Craigslist, you’ll want to make sure you post on alternatives for the widest reach. We curated a list of the most popular free online advertising sites to help get you started.

Here are the top 23 free advertising sites the pros use for 2019:


1. Gumtree

Gumtree - Free Advertising Sites

Gumtree started out as a U.K.-based website but is now gaining ground and serving more locations throughout Europe, Australia, and the United States. Dubbed as the European version of Craigslist, the site offers free and paid ad services for almost all categories you can think of.


2. LetGo

Let Go - Free Advertising Sites

Founded in 2006 and based out of New York, LetGo allows you to create classified ads for free as well as participate in forums available for different categories. The site lets you add

Read More

FILE PHOTO: Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020. REUTERS/Drone Base

LONDON (Reuters) – Commodities-related revenue at the world’s 12 biggest investment banks surged by 85% last year compared to 2019 as oil and metals trading made further strong gains, consultancy Coalition said on Friday.

Commodities revenue at the 12 banks climbed for a third successive year after several years of declines, hitting its lowest for more than a decade in 2017.

During 2020, revenue from commodity trading, selling derivatives to investors and other activities in the sector rose to $7.5 billion, the financial industry analytics firm said.

“In metals, revenues from precious metals multiplied as investors sought safe havens from the volatile markets and uncertainty caused by the pandemic,” Coalition said in a statement.

“In energy, oil was the key performer with continued growth

Read More


Crime scene following a cash-in-transit robbery in Krugersdorp.

PHOTO: Sharon Seretlo/Gallo Images

  • The Gauteng provincial police commissioner held an urgent engagement with CIT stakeholders on Wednesday.
  • Fidelity and G4S were identified as being hit the hardest.
  • Two CIT heists have been reported in the last two days.

Gauteng police commissioner Lieutenant General Elias Mawela says that there has been a worrying spike in cash-in-transit (CIT) heists over this festive season, compared to last year.

On Wednesday, Mawela – along with his deputy, Major General Tommy Mthombeni and provincial Hawks head Major General Ebrahim Kadwa – held an urgent meeting with stakeholders in the CIT industry following the recent spate of heists in the province.

Gauteng police spokesperson Brigadier Mathapelo Peters said:

Comparing the rate of occurrence of incidents this year to last year’s rate, Lieutenant General Mawela confirmed that there is a worrying spike in the rate and frequency

Read More