A managing director arrives at her desk to a bottle of wine and a ‘thank you’ note from her team. They’re expressing gratitude for a fun afternoon away from the office celebrating the Melbourne Cup as a team. No leave time was recorded – the out-of-office activity was a gesture of goodwill. The managing director understands the importance of developing a culture of […]
Securing early-stage venture capital is easy for quality start-ups. What’s often neglected, however, is the other side of the equation – the difficulty for angel investors to find and determine between a company worth investing in from one that’s unlikely to succeed. It’s a feeling that any punter who has lost big on the Melbourne […]
Melbourne Cup Day is known as the race that stops a nation. While it’s a public holiday only in Victoria, Australians around the country take the afternoon off to socialise with friends and colleagues. They participate in office sweeps and bet directly on the race and many enjoy a long lunch. It’s such an iconic […]
While it may be hailed as the “race that stops a nation”, a new survey suggests the Melbourne Cup imposes a productivity cost of more than $1bn on the Australian economy.
Tomorrow is Melbourne Cup Day here in Australia, and it’s a big deal. The entire nation stops what it’s doing for four minutes to watch this great race, and businesses begin leveraging off this event weeks in advance. So what can organisations learn from the Cup? Here are 5 key lessons.
The Melbourne Cup yesterday cost the Australian economy up to $1.239 billion in lost productivity, with over half of workers taking a half day off to watch the race.
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