Business Daily

BBC World Service
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Sep 22, 2022 • 19min

Why everyone wants a ‘blue tick’ on social media

For online influencers getting verification - a blue tick next to their social media account name - is the ultimate prize. It brings credibility and elevates their status online.Presenter David Harper investigates how accounts can become 'verified', what it means, and if you make your money through online platform, how much is it actually worth? David speaks to Matt Navarra, a social media consultant and industry analyst. Matt has worked for Meta and Google amongst others and says he asked how to get a blue tick dozens of times each week. He explains why verification is useful to brands and users.Entrepreneur Jacques Bastien lives in New York, he works with different brands and companies, and explains why verification is so important for his clients, making them seem more trustworthy. He says the blue tick has a financial benefit which is hard to quantify, but is there.And the BBC’s China media analyst Kerry Allen explains the different approach by Sina Weibo, where accounts are checked and ‘verified’ to a certain degree when an account is created. She explains the different ‘V’ system that accounts have depending on who owns the account.Presented and produced by David Harper.(Image: Social media influencer. Credit: Getty)
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Sep 21, 2022 • 18min

Business Daily meets: Paul and Mike Rabil

The sport of lacrosse has a long history, being one of the oldest sports in North America. But, for a long time, many players couldn't earn a living in the same way athletes could who were playing in established leagues like Major League Soccer or the National Football League. After a time as one of the best lacrosse players in the world, Paul Rabil, along with his brother Mike, an established businessman and investor, decided to start their own league that could give players a livelihood.We speak to the brothers to find out the challenges of starting a league from the ground up, and how they had to convince players to join them, and from there, we also find out how it could be going global, and why the story has been turned into a major documentary that has aired on ESPN. Presenter: Rahul Tandon, Producer: Ed Butler (Image: Paul and Mike Rabil at an event; Credit: Craig Barritt/Getty Images for Premier Lacrosse League)
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Sep 20, 2022 • 19min

Who benefits most from remote working?

The coronavirus pandemic allowed many people worldwide to work in new and radical ways. It brought some of the biggest changes for computer-based office workers, many finding themselves working from home for the first time. Research from McKinsey Global Institute, the international management consultancy firm, suggests remote work in some form, is likely to remain for this group of employees. We discuss what the continued shift towards remote work means for both businesses and employees around the world. We hear from Roseleen Kagiri, a remote worker in Nairobi, Kenya, and Hailey Walker who works from home in Chicago in the US. Matt Wilson, co-founder and co-chief executive of Omnipresent, a tech start-up, reveals why his business employs all of its workers remotely. Nick Bloom, professor of economics at Stanford University in California tells us about studies he’s done on working from home and how remote work affects productivity, and Harriet Molyneaux, managing director at HSM Advisory, a global advisory group focussed on the future of work based in London, explains why employers are now looking more closely at remote hybrid work to attract and retain the best talent. Presenter/producer: Tara Holmes (Image: Woman sitting at desk with cup of coffee; Credit: Getty)
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Sep 16, 2022 • 19min

The condiments (and sauces) that never change

Tabasco sauce has been around since 1868, Lea and Perrins’ Worcestershire Sauce since 1837. So how have these brands managed to survive for so long? David Reid explores why some brands outlive their founders by more than a century.David speaks to Harold Osborn, CEO of McIlhenny Company which makes Tabasco. Patrick Barwise, emeritus professor of management and marketing at London Business School explains what happened when Coca Cola tried to 'tweak' their recipe.Samir Nanji, spokesperson at KraftHeinz who now own Lea and Perrins, explains the history of the sauce - and how an early batch didn't go too well.And Jake Burger, cocktail expert from Portabello Road Gin and The Ginstitute explains how Angostura Bitters outlasted prohibition to become a bar staple.(Image: Tabasco sauce bottle. Credit: Getty)
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Sep 15, 2022 • 19min

The women kicking off their high heels at work

For years women working in certain jobs, such as banking or retail, have had to wear high heels as part of the company’s dress code. But now women around the world are fighting for the right to choose their own shoes at work. Elizabeth Semmelhack, the director and senior curator of the Bata Shoe Museum in the Canadian city of Toronto tells us the history of the high heel and its journey from the battlefield to the boardroom.Ally Murphy, a former flight attendant, describes the pain caused to cabin crew who are made to wear high heels at work.Nicola Thorp, who led a campaign in the UK to make it illegal for companies to force workers to wear high heels, says many companies are now changing their shoe policies because they don’t want the bad publicity. Change is slower in Japan, however, where supporters of the #KuToo movement continue to campaign against mandatory high heels at work. The BBC’s Singapore correspondent, Mariko Oi, who is from Japan, tells us how corporate dress and expectations are still firmly embedded into Japanese culture.Then we travel to the Indian capital, Delhi, to find out if the pandemic has changed companies’ attitudes to workwear there.Presenter/producer: Jo CritcherMusic courtesy of Dorian Electra: "The Dark History of High Heels" (Image: woman suffering from foot pain; Credit: Getty Images)
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Sep 14, 2022 • 17min

The real state of the Russian economy

As Ukraine seemingly makes dramatic advances on the battlefield, we look at what this may say about the situation inside Russia itself. Military analysts are describing what seems to be a depleted Russian military machine, lacking in morale, but also possibly lacking in the kinds of military equipment it needs to sustain its war effort. One estimate in August put the loss of hardware (not including missiles) at $16 billion. That's hard to replace, given the supply problems and falling growth brought about by wide-ranging western economic sanctions. We look inside the country at the way the economy is progressing, with the thoughts of one Russian business-owner, Dmitry Nechaev, and from western-based economists, Sergei Guriev at Sciences Po University in Paris, and Elina Ribakova, deputy chief economist at the International Institute of Finance. The US-based political scientist Stephen Crowley, of Oberlin College, then considers how much a weakened economy is likely to create the type of political pressure to make President Putin reassess his war strategy.Presenter/producer: Ed Butler(Image: Russian President Vladimir Putin at the desk in his office; Credit: BBC)
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Sep 13, 2022 • 19min

Nigeria's push to grow its own coconuts

Most of Nigeria has the perfect climate for growing coconuts and yet it imports 70% of the fruit, which is widely used to make snacks, drinks and to make everything from oil to cosmetics. With demand for coconuts increasing both domestically and around the world, plans are now afoot to make Nigeria self-sufficient in coconut production.Ijeoma Ndukwe travels to a farm two-hours from the Nigerian capital Abuja to see how Ray Davies and her husband, retired army Major General John Davies, have branched out into coconut farming.We also hear from Nma Okoroji, president of the National Coconut Producers, Processors and Marketers Association of Nigeria (Nacoppman) - they support farmers and are encouraging more people to go into coconut production.Farmers are struggling to access the best seeds for production - Abiodun Oyelekan, who runs a two-and-a-half-hectare farm in Badagry, explains the importance of 'hybrid' seeds.Lagos state government's Coconut Development Authority (Lascoda) general manager Dapo Olakulehin talks about the challenge of helping the coconut sector to boost productivity and to become more commercial.And Ebun Feludu - the founder of JAM The Coconut Food Company, which makes premium products from the fruit explains why she believes basic infrastructure must be improved.Presenter/producer: Ijeoma Ndukwe(Image: Ebun Feludu. Credit: BBC)
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11 snips
Sep 12, 2022 • 19min

Should we be more open about salaries?

Salaries are often kept secret in most workplaces - but times are changing.The BBC’s Deborah Weitzmann discusses implications for pay transparency policies and the gender wage gap.Deborah visits Flash Pack, a travel firm in London where staff members are open about their salaries. She travels to New York City where employers are preparing for a new law requiring them to post clear salary bands in job listings later this year - following the US state of Colorado. She speaks to Scott Goldshine, general manager of Manhattan-based deli Zabars.Deborah also hears from salary expert David Turetsky about why some people find conversations around pay difficult, and Dr Grace Lordan from the London School of Economics explains how openness about pay might benefit women and address the gender pay gap.Presented and produced by Deborah Weitzmann.(Image: An office meeting. Credit: Getty)
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Sep 8, 2022 • 18min

Business Daily meets: Russ Glass

Can an app, founded by a former monk, become one of the biggest tech companies in the world?Russ Glass, the chief executive of Headspace Health, takes Leanna Byrne behind the scenes in one of the biggest mergers in mental health technology.We get an insight into Headspace Health’s global expansion plans both online and offline; how people turned to mental health technology with the uncertainty of Covid; and how employers could soon be using its staff’s mental health data to make company wide policies.Presenter/producer: Leanna Byrne(Image: woman listening to headphones whilst meditating. Credit: Getty)
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Sep 7, 2022 • 19min

Why Europe’s inland shipping network is drying up

As Europe’s historically dry summer continues, Matthew Kenyon takes a trip on the barge Mezzoforte, and talks to skipper Dirk Pols about the challenges of navigating as river depths fall. We hear from Cornelis van Dorsser of the Dutch Inland Shipping Association about how the industry is preparing for the continued impacts of climate change. Economist Saskia Meuchelböck tells us about the economic effects of the last major dry period, just four years ago, when a month of low water on the Rhine knocked 0.4% off Germany’s GDP, and hydrologist Saskia Werners explains how barge captains, industry, importers and the public have to expect more of the same.Presenter / producer: Matthew Kenyon Image: The Mezzoforte; Credit; Matthew Kenyon / BBC

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