
PLDT Eyes KKR Stake to Take Control of Philippines Fintech Unit
'It looks like Maya is starting to turn the corner. We'd be keen to increase our stake,' PLDT Chairman and CEO Manuel Pangilinan told reporters on Thursday.

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JPMorgan Names New Global Co-Head of Blockchain Division
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Time Business News
5 hours ago
- Time Business News
How Virtual Teams Can Help Entrepreneurs Scale Efficiently
In today's fast-moving world, business owners are always looking for smart ways to grow without spending too much. One great option is using virtual teams. These are groups of remote workers who bring the right skills and flexibility to help a business grow. With a virtual team, entrepreneurs can focus on what they do best while getting expert help to handle the rest. Let's get into it! The Rise of Virtual Teams Virtual teams are becoming more common thanks to better technology and easier ways to communicate. This shift helps entrepreneurs save money on office space and other costs. It also gives them access to a wider range of skilled workers. Instead of only hiring people nearby, they can now work with experts from anywhere in the world, making their business stronger and more competitive. Benefits of Incorporating Virtual Teams Utilizing virtual teams presents numerous advantages that can significantly boost an entrepreneur's efficiency and productivity. Here are a few key benefits: Cost Savings Hiring virtual team members can help cut costs. For example, working with a Philippine virtual assistant usually costs less than hiring someone locally. This means that entrepreneurs can save money while still getting quality support. Flexibility Virtual teams offer flexible work hours. Since team members can be in different time zones, work can continue almost 24/7. This helps businesses stay productive even outside regular office hours. Scalability It's easy to grow or shrink a virtual team based on what a project needs. Entrepreneurs don't have to worry about hiring full-time workers when they only need short-term help. This makes managing resources much easier and more efficient. How to Effectively Manage Virtual Teams Managing a virtual team is different from leading a team in an office. To do it well, you need clear communication, clear goals, and the right tools to stay organized. Here are some helpful tips to make it work: Set Clear Objectives Make sure that your team knows exactly what is expected of them. Clear goals help everyone stay focused and understand their role in the project. When the whole team is on the same page, it's easier to get things done. Use Collaborative Tools Use online tools such as Slack, Trello, or Asana to help your team stay organized. These tools make it easier to talk, share updates, and follow tasks. They also help to hold everyone accountable for their work. Foster Team Connection Help your team feel connected, even if they work far apart. Simple things like regular check-ins or virtual coffee breaks can build stronger relationships. A team that feels like a community works better together. Scaling Your Business with Virtual Teams Incorporating virtual teams into your business model offers a viable path to growth. By leveraging the skills of remote professionals, entrepreneurs can scale operations efficiently while minimizing overhead costs. With the right strategies to manage your virtual team, you can unlock new possibilities for business expansion. Consider embracing this innovative approach today to witness how virtual teams can enhance your operations and contribute to your success. Is this article helpful? Keep reading our blog for more. TIME BUSINESS NEWS
Yahoo
6 hours ago
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She got a job with KKR after being rejected by Henry Kravis. Here's how.
KKR's Alisa Wood runs a top division at the buyout giant KKR. She applied to work at the company in 2003, and KKR cofounder Henry Kravis turned her down. Wood ended up scoring another job interview. Here's how. We all know the feeling of getting a rejection letter from HR: Sorry, you're not the right fit, but thanks for applying. It just usually doesn't come from the CEO. Curiously, that's what happened to Alisa Wood, a top partner at the private equity giant KKR, when she applied to work for the investment giant more than twenty years ago. Wood received one of those rejection letters — only it wasn't signed by HR, but by Henry Kravis, the company's cofounder and then-chief executive. In a new video for Business Insider, Wood recalled the harrowing incident—and how she bounced back, ultimately scoring an offer and igniting her career. It was 2003, and Wood, who holds a bachelor's degree and an MBA from Columbia University, recalled facing the prospect of paying down significant student loans. Despite not having studied business, Wood chose to pursue a career in finance, hoping the field would enable her to pay off the debt by age 30. She applied to KKR, sending in a "blind résumé and a pitch book, which said, 'Here's why you should hire me, and here's how you can think about private equity differently,'" she recalled in the video. Then she got the letter from Kravis, who remains the investment firm's co-executive chairman. Wood shared a copy of the letter with Business Insider. It read: "I regret there are no executive positions available within the KKR portfolio of companies at this time." About 24 to 48 hours later, however, her fortunes changed. Another KKR partner contacted her and asked her to come in for a meeting. What did the trick? "I clearly sent it to a few people," Wood said of her application package—a lesson that you miss all the shots you don't take. It's a good thing, too. Today, Wood is the co-CEO of KKR Private Equity Conglomerate, LLC, one of the firm's flagship private equity vehicles. Beyond this anecdote, Wood opened up about how to succeed at KKR, at work, and as a mom. "There were going to be days that I was a great KKR partner, and there were going to be days that I was a great mom. And most likely, those two things never happened on the same day," she said. "And that was ok." She talked about the "taxi driver test"—e.g., being polite to whomever you come into contact with—and a memory in which her young daughter shared in a FaceTime call how she planned to travel overseas to go buy companies, just like her mom. Wood says she felt pride. Looking back, Wood confessed that she wasn't sure why she kept Kravis' rejection letter all this time. Perhaps it serves as a reminder of how far she's come. At the very least, it offers the chance for a laugh. Read the original article on Business Insider