The Power of Empowerment. March 22, 2016 Do you sometimes wonder just what power is and who really has it? In the hierarchical view of organizations, there is only one way to see power and that is that power resides with those at the top. Today, in the new empowered forms of organizations, however, there is a less defined view of power. That’s because when you empower people, power can be anywhere in the organization: with those at the top, those dealing with customers, those doing a key job, and so on. The two forms of power There are two kinds of organizational power: top-down and bottom-up. Top-down power is the traditional form of power and usually resides with those who have status and position. On paper, these people are the most powerful in the organization. Bottom-up power is a more interesting form of power. It can reside with anyone who has the power to make a difference. In short, it can be called “screw-up power”. While peopl
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Is it time to invest in Vietnam? We look at the best ways to buy into 'extremely cheap' growth and good demographics June 23, 2016 | Daily Mail UK Positive sentiment toward Vietnam is gathering momentum as the relaxation on foreign ownership and its favorable demographics attract investors. Last year, the 49 per cent cap on foreign ownership in companies was softened, meaning they in theory can now take up to 100 per cent stake in large, listed companies. And although still classed as a frontier market alongside the likes of Argentina, Kenya and Romania, Vietnam is a likely candidate for reclassification as an emerging market, a move which is usually accompanied by a flood of foreign investment. But despite being described by one fan as 'extremely cheap' at the same time as offering good growth prospects and a population opportunity, Vietnam remains on the edge of most investors' radars. Land of
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Vietnam Remains Key Focus for Hotel Investors and Operators July 10, 2017 Attracted by a rapidly growing tourism sector, rapid economic development and infrastructure investments, according to real estate consultancy JLL Vietnam’s rapid growth as a tourism destination has placed it on the investor radar as a key hospitality investment destination. The country has boosted its infrastructure to lure more foreign investors from Singapore, Japan, South Korea, Thailand and Malaysia. With government initiatives and the commitments by the private sector into infrastructure and transport linkages, hotel investors are keen to capitalize on this growth. Vietnam invested 5.8 per cent of its GDP in infrastructural developments – the highest in Southeast Asia – according to the Asian Development Bank. More than 10 million international tourists arrived in Vietnam in 2016, a 26 per cent increase from 2015. Vietnam National Administration of Tourism