In July 2021, the Word Travel and Tourism Council reported the largest recorded decline in the GDP contribution by the travel and tourism sector in the Asia-Pacific region due to COVID-19. GDP in the region fell more than 53% compared with the global fall of 49%. The council also reported a 74% decrease in spending […]
Electric motors are used in almost all sectors of industry along with the commercial, residential, transport, and agriculture sectors. With urbanization and industrialization increasing globally, the number of motors is also increasing, contributing to CO 2 emissions and climate change. Minimizing the power losses in electric motors while they convert electrical to mechanical energy can […]
With the advent of digital technologies, the drivers of productivity and competitiveness have shifted from efficiency and quality to innovation and entrepreneurship. For businesses and industries, innovation can relate to products, services, processes, tools and technologies, management methods, and business models. With rapidly shortening product life cycles, proactively encouraging, achieving, and managing innovation have become […]
According to a report by Fortune Business Insights in 2020, the market size of agritourism, a key component of rural tourism, was USD69.24 billion in 2019 and was projected to reach USD117.37 billion by 2027. The COVID-19 pandemic has slowed this projected growth, but the global tourism industry is anticipated to rebound through various new […]
Public-sector organizations have had to transform in response to rapid changes and uncertainties. As a result of complex new challenges, management of public services requires greater skills to guide the future course of public-sector organizations. These skills, in essence, are strategic management. They comprise deploying organizational capacity efficiently and managing performance to achieve the desired […]
