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Enterprise Explores

BFM Media

Helping you navigate the ever-changing universe of business, from headlines to the bottom line

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23:54

Why Skills Based Hiring Is The Future

Enterprise Explores ·

2023/08/08

“Jobs do not require four-year college degrees. Employers do.” This was what EMSI Burning Glass, a labor market data company, said in its report about shifting to Skills-Based Hiring as a key to growing the US workforce. The research was done in tandem with Harvard Business School and they analysed more than 51 million jobs posted between 2017 and 2020. In the report, they outlined that skills based hiring can widen the pool of applicants during the recruitment process. With more applicants to

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30:27

What Goes Into Starting and Growing A Small Business

Enterprise Explores ·

2023/08/06

In Malaysia, around 60% of SMEs fail within five years of establishment, according to an article by the ASEAN Entrepreneurship Journal. Additionally, only 4 out of 10 SMEs are able to successfully meet the challenges associated with growth. This highlights that the road to a successful business can be a daunting prospect for any aspiring entrepreneur.Today we take a step back and explore the early days of entrepreneurship, tapping into the personal experience of Melvin Chee, CEO and Cofounder of RPG

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36:02

8 Key Factors To Build a Robust Whistleblowing Policy

Enterprise Explores ·

2023/08/03

If you were put in a position where calling out injustice at your place of work could potentially end your career, would you take that chance? With the new Madani economic framework aiming to place Malaysia in the top 25 of the Corruption Perceptions Index, the need for robust whistleblowing policies which help in fostering a more ethical and transparent work culture become more evident. While much has been done to build this up in Malaysia, much is left to be desired. According to Deloitte’s 2023

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25:18

Klang's City Status: Mo' Money Mo' Problems

Enterprise Explores ·

2023/08/02

On the back of Klang becoming a city, we’ll be discussing the implications that this has on its local businesses, what a newly-formed city needs in order to thrive, and the implications on urban planning that come along with culture and heritage. Joining us in our discussion is Cha Ly Koh, CEO and Founder of Urbanmetry, a data analytics company focused on providing solutions for their clients to create better cities in Malaysia. See omnystudio.com/listener for privacy information.

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29:10

The Importance of Commercialisation and Innovation In...

Enterprise Explores ·

2023/08/01

Today we get into innovation and commercialisation as we head towards the Malaysia Commercialisation Year 2023 Summit. We speak to Datuk Ts. Dr. Mohd Nor Azman Bin Hassan, the Deputy Secretary General (Technology Development) of the Ministry of Science, Technology and Innovation (MOSTI) on how the summit plays a role as a showcase for the ongoing work to commercialise products, technologies, and services born out of dedicated Research, Development, Commercialisation and Innovation (R,D,C&I)

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32:06

Tech Tuesday: AI in Hollywood, Starlink's Malaysian...

Enterprise Explores ·

2023/07/31

We discuss Netflix’s job advert for an AI expert, Starlink’s launch in Malaysia, the future of the EV industry and its affordability to consumers, and X’s transformation towards becoming a “super app” similar to China’s WeChat. See omnystudio.com/listener for privacy information.

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24:12

Musk's X-Periment: Twitter's Bold Move

Enterprise Explores ·

2023/07/27

X’s decision to rebrand itself from the iconic blue bird we’ve come to know as the place to get our fix of the latest discourse has caused waves in the social media sphere. According to experts, the rebrand of Twitter could cost the app to lose up to between $4 billion and $20 billion in value.We have Anna Loi, Co-Founder and Director of Content and Digital Marketing at Good & Honest Co in the studio with us today, talking to us about X’s decision to rebrand itself, and how, and when, a company

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27:19

How ‘Lazy Management’ And ‘Fake Work’ Are Strangling...

Enterprise Explores ·

2023/07/26

The phenomenon of "fake work" is steadily gaining attention in major tech corporations, and it's raising considerable concerns regarding company culture and efficiency. Fake work refers to the tasks that often carry no discernible impact on a company's broader objectives. It includes actions such as creating unnecessary reports, having unproductive meetings, and performing tasks that only exist to justify an employee's role or to embellish a manager's portfolio.We hear from Derek Toh of Hiredly, the

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25:53

Good Vibes For The Future?

Enterprise Explores ·

2023/07/25

Following the cancellation of the Good Vibes festival, we talk to Nazri Adam from Sausage Sizzle and RenYi Chin from MyBurgerLab about how this cancellation has affected the vendors and food operators that were left picking up the pieces. We discuss what this means to the food vendor industry in Malaysia and where the businesses can go from here. See omnystudio.com/listener for privacy information.

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30:48

Tech Tuesday: From Twitter to ‘X’, IPhone and Spotify...

Enterprise Explores ·

2023/07/24

We discuss the growing concerns of digital artists over the use of their work in AI-generated art, Apple's potential price hike for its upcoming iPhone 15 Pro models, Elon Musk's bold move to rebrand Twitter as X.com, and Spotify's decision to increase its subscription prices for the first time in 12 years.See omnystudio.com/listener for privacy information.

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31:12

Influencers And The Influenced

Enterprise Explores ·

2023/07/23

In our digital age, social media platforms have become an integral part of our lives, particularly for the younger generation. However, this influence can be a double-edged sword, providing platforms for connection and self-expression, while also exposing young users to potential risks. Recent controversies involving social media influencers and the marketing of certain products to a young demographic have raised concerns about the ethical responsibilities of these platforms. We delve into these

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40:29

How To Keep Malaysian Startups in Malaysia

Enterprise Explores ·

2023/07/20

In a bid to raise venture capital funding to continue growing, Malaysian startups sometimes have to make the hard choice of relocating to Singapore. A famous example here is Grab.In this edition of Biz Bytes, we explore whether this is an inevitable story for Malaysian startups as they grow or whether they raise money from global investors without having to move.Weighing in on this was Dr Sivapalan Vivekarajah, Co-founder and Partner at ScaleUp Malaysia, Ramachandran Muniandy, CEO & Co-Founder

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39:01

AI on the Global Stage: UN & Robots Address the...

Enterprise Explores ·

2023/07/19

The global significance of artificial intelligence (AI) has been underscored by two recent events. The United Nations Security Council held its inaugural meeting on AI, where concerns about the technology's potential as a "runaway horse" were raised by China, while the U.S. warned against its use for censorship or repression. Meanwhile, at the AI for Good conference in Geneva, nine advanced humanoid robots, including Sophia, Ai-Da, Desdemona, Grace, and Ameca, participated in what was dubbed as the

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26:02

Tech Tuesday: AI's Threat to Actors, Computing Surge,...

Enterprise Explores ·

2023/07/17

It’s Tech Tuesday here on Enterprise Biz Bytes and this week we delve into the gripping Black Mirror narrative that has actors worried about AI taking over their roles. We'll also explore the surge in student interest in computing, driven by the unstoppable rise of digital trends and AI. Next, we set our sights on India, where the newly implemented GST on online gaming could stifle a flourishing industry, potentially altering the gaming landscape for millions. Lastly, we'll look at the plummeting ad

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38:21

Personal Finance Tips and Advice for Freelancers,...

Enterprise Explores ·

2023/07/16

“Cash isn’t king. Cash flow is king.”Last week we learnt that the Employees Provident Fund (EPF) is looking to introduce Account 3 which allows savings withdrawals to be made at any time, which is a particular concern, given the data point that “50% of Malaysian households can’t even raise RM1,000 to cover emergencies”, as noted by EPF Chief Strategy Officer Nurhisham Hussein.One key aim here is to attract the interest of those in the informal sector to make contributions to the EPF, so that they

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25:06

Why 1337 Ventures Invested RM50,000 Into A Group Of...

Enterprise Explores ·

2023/07/13

Last week, HELP International School organised a Demo day, where Year 12 students were given the opportunity to present innovative ideas to real-world problems. This was carried out in partnership with 1337 ventures, an accelerator programme that has invested in over 50 startups across diverse areas spanning big data, fintech and social enterprises.This Demo Day was the final act of Project Purpose, a programme spanning a couple of months, developed by HELP to educate its young talents to think

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37:40

From Global Gathering to Ghost Town: Is Social Media...

Enterprise Explores ·

2023/07/12

The internet is currently undergoing a significant transformation, with major social media platforms like Twitter and Reddit facing decline and upheaval. Twitter's downfall has been particularly noticeable since Elon Musk's acquisition of the company, while Reddit has been alienating its developers and users. Meanwhile, TikTok's popularity continues to rise, despite potential bans, and Instagram has morphed into an entertainment platform – and now we have Threads.We try to unpack all of this, and

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19:16

What Businesses Should Know About Malaysia's Incoming...

Enterprise Explores ·

2023/07/11

A total of 4,000 companies with revenue of more than RM100 million are set to become the first group to implement the Inland Revenue Board's (IRB) new e-invoice system from June 1 next year. Following this, in 2025 it will be mandatory for businesses with turnover of more than RM50 million; then in 2026 for businesses with over RM25 million turnover and finally in 2027 for all businesses.E-invoicing could bring better transparency to the IRB, while also saving time for both IRB and taxpayers, but

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27:59

Tech Tuesday: Threads, Tweets and The App Store 15...

Enterprise Explores ·

2023/07/10

OpenAI’s ChatGPT gained 100 million users in just 2 months. Just when we thought that was impressive, Threads has blown the record out of the water, as it gained 100 million users - in just 5 days.Today on Biz bytes, we discuss if Threads is winning the war with Twitter, and we will be looking into ChatGPT’s new feature as well as the Apple App Store’s 15 years journey and its impact. See omnystudio.com/listener for privacy information.

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30:38

AI Assembled: How IKEA's BILLIE AI Could Change The...

Enterprise Explores ·

2023/07/09

In June, the robot takeover took another step forward as IKEA assembled its own AI chatbot called Billie. Yes, they named their AI chatbot after their bookshelves. Billie will be taking over routine customer queries and IKEA says it has handled 47% of these kinds of inquiries to call centres over the past two years.Now one of the key concerns when we hear something like this, is job losses, but IKEA says that its use of AI, currently, won’t mean job losses as they’re retraining call centre workers

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