Upshot
Portland: Exploring the City of Roses
10 Strongest Currencies in the World
Unlocking Team Potential THROUGH MUTUAL RESPECT
MARKETING COORDINATOR (AMERICAS)
Peter J.
PR & MARKETING COORDINATOR
James H.
BUSINESS DEVELOPMENT EXECUTIVE
Emma A.
CREATIVE CONTENT EDITOR
Shalmali W.
CREATIVE DESIGN HEAD
Sankalp K.
Ashwini D. GRAPHIC DESIGNER
SOCIAL MEDIA MANAGER
Narendra S.
DIGITAL CIRCULATION MANAGER
Amanda V.
Meet the Maverick!
Welcome,valuedreaders,toanotherexcitingissueofTheEnterpriseWorld!Thiseditiontakes centerstageonasubjectbothfascinatingandcrucial–leadership.Thebusinesslandscapeisin constantflux,shapedbytechnologicaladvancements,evolvingconsumerdemands,andarapidly changingglobalenvironment.Inthisdynamicworld,strongleadershipismoreimportantthanever
Thisissueshinesaspotlightontheindividualswhoarenotonlysteeringtheircompaniestowards success,butalsoinspiringagenerationoffuturebusinessleaders.Our“MostInspiringBusiness LeaderstoWatchin2024”featureshowcasesadiversegroupoftrailblazerswhoarebreakingnew ground.Frompioneersinsustainabilitytoinnovatorsdefyingindustrynorms,theseleadersarea testamenttothepowerofvision,resilience,andtheunwaveringpursuitofexcellence.
Wedelveintotheirstories,exploringthepathstheyforged,thechallengestheytackled,andthe strategiestheyemployedtoachieveremarkableresults.Throughinsightfulinterviewsanddetailed profiles,you’llgainvaluableinsightsintothethoughtprocessesandguidingprinciplesthatsetthese exceptionalleadersapart.
Onthecoverofthisissue,wehavefeaturedMichaelWojnowski(DirectoratMarineRepair ServicesContainerMaintenanceCorporation(MRS-CMC).Michaelharmonizesthediverse voiceswithinateam.Heintegratestheon-the-groundexperiencesintothebroaderstrategicvision. Thisapproachcultivatesacultureofrespect,trust,andsharedpurpose.
Whetheryou’reaseasonedentrepreneur,anaspiringmanager,orsimplysomeonewithakeen interestintheworldofbusiness,thisissueofTheEnterpriseWorldoffersvaluabletakeaways.Learn fromthebest,gaininspirationforyourownleadershipjourney,andpreparetobecaptivatedbythe storiesofthosewhoareshapingthebusinessworldoftomorrow
Weencourageyoutodelveintothesepages,engagewiththestories,andlettheinspirationignite yourownentrepreneurialfire.Afterall,withineachofusliesthepotentialtolead,innovate,and makealastingimpactontheworldaroundus.
Happy Reading!
Shalmali W. halmaliS
Forthecoverreadabout-
Onthecoverofthisissue,wehavefeaturedMichael Wojnowski(DirectoratMarineRepairServices
ContainerMaintenanceCorporation(MRS-CMC). Michaelharmonizesthediversevoiceswithinateam.He integratestheon-the-groundexperiencesintothebroader strategicvision.Thisapproachcultivatesacultureofrespect, trust,andsharedpurpose.
Inhisearlydaysduringhighschool,Michaelworkedinhis father’srestaurants.Itwasduringthistimethatheacquired thefundamentalsofbusinessmanagementandteamwork, layingthegroundworkforhisfutureendeavors.Growingup inCharleston,SC,wheretradeflourishes,Michaeldeveloped anearlyinterestinlogistics.Hisacademicyearsatthe CollegeofCharlestonledhimtotheIntermodalindustryand apart-timejobatContainerMaintenance,wherehegained hands-onexperience.
Steppingintoasupervisoryroleatjust20yearsold,Michael facedthedauntingtaskofoverseeingprofessionalswith decadesmoreexperience.Acknowledginghisrelativeyouth inthefield,Michaelreliedonhisfoundationalleadership skillsandopennesstolearningfromhisteam.
Hisself-awareness,coupledwithakeeneagernesstolearn andadapt,allowedhimtostrikeabalancebetweenrespecting theexperienceofhiscolleaguesandassertinghisleadership style.Supportedbyhisteam,Michaeltransformedpotential obstaclesintoopportunitiesforsuccess.Thisjourneytaught himtheimportanceofbalancinghumilitywithconfidence andrecognizingthevalueofexperiencewhilealsoembracing hisuniqueperspectivesandskills.
WorkingalongsidetheInternationalLongshoremen’s AssociationallowedMichaeltogainanunderstandingofthe workingsofthisnewindustry.Thisbegananongoing partnershipandcooperationwiththeILAthathasremained strongthroughoutMichael’scareer
10
Michael Wojnowski
Portland: Exploring the City of Roses
Top 10 Strongest Currencies in the World
36
Levi’s: The Growth of Denim from Workwear to Style Statement
44
From Setback to Success 5 Ways to Navigate Software Project Challenges
Cover Story
MichaelWojnowski
Unlocking Team Potential Through Mutual Respect
Director
In today's world, effective leaders prioritize listening to their teams and collaborating with them instead of just telling them what to do. They know it's important to be involved and connected with their team members to understand their needs better. They respect team members' knowledge and ideas and use them to make good decisions. By listening to everyone and including their experiences in their plans, leaders create a team where everyone feels respected and trusted. This kind of leadership is all about listening well, being exible, and working together towards common goals.
Michael Wojnowski, Director at Marine Repair Services Container Maintenance Corporation (MRS-CMC) harmonizes the diverse voices within a team. He integrates the on-the-ground experiences into the broader strategic vision. This approach cultivates a culture of respect, trust, and shared purpose.
RoleofEducationinShapingaRewarding Career
Inhisearlydaysduringhighschool,Michael workedinhisfather'srestaurants.Itwasduring thistimethatheacquiredthefundamentalsof businessmanagementandteamwork,laying thegroundworkforhisfutureendeavors.
GrowingupinCharleston,SC,wheretrade flourishes,Michaeldevelopedanearlyinterest inlogistics.HisacademicyearsattheCollege ofCharlestonledhimtotheIntermodal industryandapart-timejobatContainer Maintenance,wherehegainedhands-on experience.
Concurrently,hestudiedShippingand Logistics,advancingtoasupervisoryroleat Charleston'sWandoTerminal.Withinayear,he becameTerminalManageratMRS-CMCfor Wando,eventuallyoverseeingtheSoutheast Region.Michael'sjourney,fromhisearly workingdaystohiscurrentleadershipposition, exemplifiestheimportanceofcuriosity, adaptability,andthesymbioticrelationship betweeneducationandhands-onexperiencein shapingarewardingcareer
BalancingHumilitywithConfidence
Steppingintoasupervisoryroleatjust20yearsold,Michaelfacedthe dauntingtaskofoverseeingprofessionalswithdecadesmoreexperience. Acknowledginghisrelativeyouthinthefield,Michaelreliedonhis foundationalleadershipskillsandopennesstolearningfromhisteam.
Hisself-awareness,coupledwithakeeneagernesstolearnandadapt, allowedhimtostrikeabalancebetweenrespectingtheexperienceofhis colleaguesandassertinghisleadershipstyle.Supportedbyhisteam, Michaeltransformedpotentialobstaclesintoopportunitiesforsuccess. Thisjourneytaughthimtheimportanceofbalancinghumilitywith confidenceandrecognizingthevalueofexperiencewhilealsoembracing hisuniqueperspectivesandskills.
WorkingalongsidetheInternationalLongshoremen'sAssociation allowedMichaeltogainanunderstandingoftheworkingsofthisnew industry Thisbegananongoingpartnershipandcooperationwiththe ILAthathasremainedstrongthroughoutMichael'scareer
InsightsfromInfluentialFigures
PeteWojnowski,Michael’sfather,isthesourceofinspirationforhim. Michaellearnedtheimportanceofthoroughinvolvementinbusiness operationsfromhisfather.Pete'sabilitytobalanceworkethicwith paternalsupporthasshapedMichael'sunderstandingofmanaging professionalandpersonalresponsibilities.VincentMarinoSr.,the
Cover Story
founderofMRS-CMC,alsoleftalastingimpact onMichael.Vincent'slegacylivesonthrough VinceMarinoJr.,CEOofCMC-ITI-CCS,who hasservedasamentorandexemplaryleaderin Michael'slife.
DaveyMiller,whomMichaelmetduringhis teenageyearswhileworkingatalocalgym, standsoutasanotherinfluentialfigure.Davey's respectfultreatmentanddemonstrationof professionalismandmaturitygreatlyinfluenced Michael'sdevelopment,bothpersonallyand professionally Theseindividuals,each contributingintheiruniqueway,haveplayed pivotalrolesinMichael'sgrowthby exemplifyingvirtuessuchashardwork,respect, andleadership.
FromTraditiontoTechnologicalAdvancement
Michaelembracesaholisticleadershipapproach shapedbylessonsinstilledbyhisfatherand mentors.Hisdutiesencompassensuring employeesafety,overseeingdailyoperations fromfrontlinetaskstostrategicplanning,and managingfinancialaspects.AtMRS-CMC,the companyculturefostersautonomyforleadersto runtheirdepartments,locations,orregionsakin totheirbusinesseswhilealigningwith overarchinggoalsandvalues.
Thefocusliesonstrikingabalancebetween immediateoperationalneedsandthecompany's long-termvision,aimingnotonlytomaintainbut alsoenhanceservicequality,efficiency,and integrity.Michaelisparticularlyenthusiastic aboutcontributingtoMRS-CMC'sintegrationof advancedtechnologiesintoitscoreoperations. Playingaroleinshapingthisinitiativehasbeen immenselyfulfilling,andhefindsitfascinating towitnessthepotentialimpactonthebusiness andindustryasawhole.
Michael'steamiscurrentlyengagedinupgrading theirtechnologyandprocessesforthefuture. TheyareexploringvariousavenuestoutilizeIT solutionsandprogramstomodernizewhathas traditionallybeenconsideredanold-school industry.Whileit'salengthyprocess,theimpact itwillhaveontheindustryisexpectedtobe transformative.
Cover Story
ActiveEngagementwithaBroadNetwork
Remainingattunedtotheever-changingdynamicsofthe marketrequiresMichael'sactiveengagementwithabroad networkofindustrypartnersandcolleagues.Despitehis relativelyshorttenureintheindustry,Michaelhas cultivatedvaluableconnectionsovertime.Regular,direct discussionswiththeseindividualsproveinvaluable,asthey notonlykeephiminformedbutalsooftenilluminate emergingtrendsorshiftsthatdemandattentionand adaptation.
Michaelemphasizestheimportanceoffosteringopen, frequentcommunicationamonghisteammembers,viewing thesedialoguesasessentialforeffectivelynavigatingand leadingthroughchange.Thisproactiveapproachensures thattheyarenotmerelyreactivebutinsteadproactivein respondingtotheevolvingdemandsofthemarket.
ExcellenceinAction
Sinceitsestablishmentin1971,MRS-CMChasbeen committedtodeliveringexceptionalmaintenanceand repairservicestothemarineandrailsectors,maintaining theutmoststandardsofquality,safety,andcustomer satisfaction.Withavisiontobecomeanindustryleader fromtheoutset,MRS-CMChasstrivedtoachievethisgoal byemphasizinginnovation,expertise,andacustomercentricapproach.Thisdedicationhasenabledthecompany toprovideunparalleledsolutionsandforgelasting partnershipswithitsclients.
MRS-CMC offers a comprehensive suite of products and services tailored to meet the diverse needs of its clientele. These include:
Maintenance and Repair
Container Depot Storage
Over-the-Road Repair Services
Refrigeration Services
Generator Leasing
Intermodal Equipment Refurbishment
Intermodal Equipment Inspections
Trucking
EveryIndividualFeelsValued
ThecultureofMRS-CMCisdeeplyingrainedin thevaluesoffamilyandteamwork,stemmingfrom itsoriginsasafamily-ownedandoperated businessspanningoverfivedecades.Thislegacy ofrespectandcamaraderieresonatesthroughout theorganization,instillingasenseofbelonging andunityamongitsemployees.
Michaelmaintainsstrongconnectionsacrossall locationsandemphasizestheimportanceof keepingeveryoneinformedandengaged.Regular gatheringsprovideopportunitiesforcollaboration, ideasharing,andrelationshipbuilding, strengtheningbondsasteammemberswork towardscommonobjectives.
Ultimately,mutualrespect,support,andinclusivity definethecompanyculture,creatingan environmentatCMCwhereeveryindividualfeels valued,connected,andpartofalargerpurpose.
Cutting-EdgeApproachtoIntermodal Equipment
MRS-CMCiscommittedtofurtheringinnovation andadvancementinthemaintenanceandrepair processesforintermodalequipment.Thecompany isleveragingthelatesttechnologyinequipment andtrainingtostayattheforefrontofindustry changesanddevelopments.Additionally,asthe
sistercompanytoCharlestonBlastandPaint,thenation's leadingproviderofintermodalequipmentrefurbishment services,MRS-CMCoperatesover400,000squarefeetof refurbishmentspaceinCharleston.Thisextensivecapacity enablesthecompanytomeetthegrowingdemandforchassis, containers,andotherintermodalequipmentrefurbishment needs.Asitcontinuestoevolveandexpanditscapabilities, mergers,andstrategicpartnershipsmayalsobepartofits futuregrowthtrajectory
AcknowledgingPersonalCare
Achievingahealthywork-lifebalancerequiresMichaelto cultivateself-awareness,engageinreflection,andremain presentinthemoment.Hemustbemindfuloftheequilibrium betweenworkandpersonallife,recognizingtheneedfor adjustmentswhennecessary.Delegationservesasa cornerstoneinmaintainingthisbalanceforMichael;itenables himtodeveloparobustteam,includingpromisingyoung leaders,whocansupporteachotherandefficientlymanage tasks.
Whileattainingaperfectwork-lifebalancemaypose challenges,understandingwhentopressforwardandwhento takeastepbackiscrucialforfindingharmonyinbothspheres oflife.Acknowledgingpersonalcareisessentialfor effectivenessandproductivityintheworkplace.Beyond work,Michaelfindssolaceinphysicalactivitiessuchas attendingthegym,spendingtimeoutdoors,andengagingin sports.Thesepursuitsnotonlyalleviatestressbutalso contributetoenhancingpersonalhealthandwell-being.
Cover Story
Prioritising Customer Satisfaction
Alongside its team members, the company also values its clients, which is reected through the experiences they share. Here are a couple of testimonials from the happy clients.
“Michael Wojnowski's professionalism and driven nature make him a true asset to MRS-CMC and to the Intermodal industry as a whole.” - Carl Francis, Director, SACP, Consolidated Chassis Management
" We are grateful to have Michael as the Director of MRS-CMC’s Operations in the Port of Charleston, SC. Michael is known for his honesty, integrity, fairness and cooperative attitude. ILA 1422-A appreciates the relationship and we are proud of all that we have accomplished together.”- Leonard A. Bailey, President, Local 1422-A, International Longshoremen Association
“I have worked with Michael Wojnowski for over 10 years and have been so impressed with his commitment to ALWAYS doing the “right thing” no matter what the situation is. He has never shied away from making the tough decision or taking the hard stand no matter what. The most inspiring thing about Michael is that he leads by example and his actions are always louder than his words. Anyone that knows Michael knows he inspires the people around him by his actions, the stands he takes, his unwavering character, and knowing no matter what is going on or the situation, he always puts the people that work for him rst and never makes a selsh decision. If that doesn’t inspire people, I don’t what will.”- Paul De Maria
Michael's advice to young business leaders:
• Seize every opportunity to learn and get involved
• Interact with individuals in leadership positions to absorb knowledge and insight
• Ask for guidance and feedback from those with more experience
• Maintain a positive attitude and embrace curiosity
• Say yes to new challenges and opportunities
• Insert yourself into various situations and projects for diverse experiences
• Learn from mistakes and use them as valuable lessons for growth
• Demonstrate capabilities and leadership potential through actions and contributions
• Remain proactive, and open-minded, and continuously seek opportunities for growth and development
Did you know Portland is the home to the smallest park in the World? Portland, the city of roses, is known for its green parks, quirky culture, and incredible foods. It promises to be an exciting venue that offers something for each of its visitorsstunning gardens, bike trails, coffee shops, and a bustling market. Whether you’re an outdoor enthusiast, food, or art lover, this city will always captivate you with its natural beauty and urban charm.
In this article, you will learn about the rich and fascinating history of the city, some of its interesting facts, and a brief guide on how to explore the city.
PORTLAND
Located?
Portland, the most populous city in the US state of Oregon is located in the Pacic Northwest region. It sits in the northern part of the state at the conuence of the Willamette and Columbia rivers. Where is
Climate & Best Time to Visit KEY EVENTS You Should Never Miss
InPortland,thesummersareshort, warm,dry,andmostlyclear.This seasonlastsfor2.9monthsfromJune 22toSeptember18withanaverage hightemperatureof76°F Thehottest monthoftheyearinthecityisAugust withanaveragehightemperatureof 83°Fandlowof57°F.
Wintersareverycold,wet,and overcast.Thisseasonlastsfor3.3 months,fromNovember14to February22,withadailyaveragehigh temperaturebelow52°F Thecoldest monthoftheyearinthecityis December,withanaveragelowof 36°Fandahighof45°F.
Thebesttimetovisitthecityisfrom JunetoAugust.Thisisthetimewhen youcangetthefullcityofroses experience,thetemperaturelies between50°Fto80°F.Gardensarein fullbloom,outdoormarketsareabuzz withactivity,andtheentirecitysets outtocelebratevariousevents. However,thecityisamajortourist attractionsothehotel'sseatsfill quickly.Ifyou’replanningtovisit theremakesuretobookyourseatsa coupleofmonthsearlier.
Event Name Month to Visit
PDX Jazz Festival, KidFest
Waterfront Blues Festival, Oregon Brewer’s Fest, Oregon Zoo Concerts
Pickathon Music Festival
Time-Based Art Festival
Queer Film Festival
Festival of Lights, Holiday Ale Festival
Christmas Ships Parade
September September to October November to December December
Northwest, Winter Festival
International Film Festival
Rose Festival World Naked Bike Ride
&
History Rich Fascinating
Thehistoryofthecitybeganin1843whenbusinesspartnersWilliamOvertonandAsaLovejoyfiledtoclaimlandonthe westernbankofRiverWillametteintheOregonStateof US.In1845,settlersarrivedandthenameofthecitywasgivenby cointossbetweenthesepartners.Lovejoywantedtonamethecityafterhishometown,Boston,whileWilliamwantedtoname itafterhishometown,Portland,Maine.
ItgrewrapidlyduetoitsstrategiclocationonthebanksoftheWillametteandColumbiaRivers.Intheearly20thcenturythe citybecamethemajorportandtheindustrialhubduetoitsrailroadsandeasyaccesstothePacificOcean.Italsogaineda reputationforprogressivepolitics,withinitiativesforurbanplanningandworkingonenvironmentalconservation.
Inthelatterhalfofthe20thcentury,thecitybecameknownforitsvibrantculture,attractingartists,musicians,andactivists. Theybegantoorganizemultipleeventsthatdrawattractionofpeoplefromacrosstheglobe.Today,itisknownforitsthriving foods,crafts,andbeautifulparks.
The Portland food has attracted foodies all across the globe. Chefs and restaurateurs have created a vibrant culinary scene lled with delightful dishes. Here, you can taste traditional food items from a variety of cultures and get a modern touch on your favorites with unique cuisines. The city’s food scene has something for everyone from salty to sweet or fancy to casual. Let’s have a quick look at some of the mouthwatering food items:
Doughnutsaregenerallymadefromflour,sugar,butter,yeast,andeggs withuniquetoppingslikebacon,cereal,orfruits.Chaiismadeofmilk andspiceslikecinnamon,cardamom,andginger.Peopleoftentry Doughnutswithahotcupofchaiforacozypairing.
ItismadeofChickenpieces,flour,buttermilk,andspiceslike(paprikaandgarlicpowder)andis bestenjoyedwhenitishotandcrispy
Themajoringredientsusedinitarepoachedchicken,flavoredrice,andginger-garlicsauce.Toenjoyitstasteyoucan mixthechickenandrice,thendipeachbiteintothesauce.
ItisTortillachipstoppedwithmeltedcheese,jalapenos,beans,salsa,sourcream,andsometimesmeatlike groundbeef.Toenjoyitstastemakesuretodiginyourhandssothatyoucangetabitofeverythingineachbite
Itisasoft,steamedbaobunfilledwithajuicymeatpatty,pickledvegetables,and flavorfulsauces.Ifyouwantitsbettertastemakesuretoholditproperlywithboth handsandtakeabigbitetoexperiencebothtexturesandflavors.
1.DoughnutsandChai
2.FriedChicken
3.KhaoManGai
4.Nachos
5.SteamedBaoBurger
10 Interesting Facts About Portland You Didn’t Know
1.PortlandisthethirdgreenestcityinAmerica.
2.ThePortlandRoseGardenistheoldestpublicrosegardenintheUS. Thereareover10,000rosebushesinthegarden.
3.ItisthehometothesecondlargestcopperstatueintheUS.
4.Thenameofthecitywasdecidedbythecointoss.
5.ItisrankedasthebestcityintheUSforvegansandvegetarians.
6.Ithousesthelargestindependentlyownedbookstoreintheworld.
7.PortlanderscelebratetheWorldNakedBikeRide.
8.ReedCollegeinthecityhasitsownnuclearreactor.
9.Youcanfindabikelaneinthemiddleofthestreetinthecity
10.Thecherriesthatsitatopoficecreamweredevelopedinthiscity.
Tips for Travelers: Complete Guide
1.Transportation:GettingintothecityisquickandeasywithUberorevenbyrailservices.Travelingdestinationsare separatedapartyoumayneedUbertoreachthere.
2.CurrencyandMoney:ThecurrencyinthecityisUSD($).Creditcardsareacceptedeverywherebutmakesuretokeep somecashforurgency
3.StayingLocation:Therearemultiplehotelsavailablewithinwalkingdistanceoftraveldestinations.Thedesignsand amenitiesinthehotelsaregenerallygood.Toenjoythemall,youneedtobookyourseatsinadvance.
4.Safety:Oftenthecityissafe,butitisgoodtobemindfulwhenyou’retravelingespeciallyalone.
5.RentalCars:Ifyou’reaimingtoexploremorecitiesinOregonthenyou’llcertainlyneedarentalcar Therearemultiple pickupanddropoutlocationsavailableyoucanchooseasperyourcomfort.
Conclusion
Portlandoffersavibrantblendofnature,culture,andfoodsthatcaptivatesvisitorsfromallacrosstheglobe.Itoffersan unforgettableexperienceforeveryonewhethertheyarediscoveringthecity’siconicbridges,tryinglocalcuisines,or exploringthelushgardensandparks.Planyournexttriptothisamazingdestination.
Haveyoueverwonderedwhichisthestrongest currencyintheworld?Ifyouthinkit’stheUS dollar,you’rewrong.Whileitisthemosttraded currencyontheglobalstage,itdoesn'tmeanitis thestrongest.Thereare9strongestcurrenciesin theworldthatareworthmorethanaUSdollar.
Inthisblog,wewillrunthroughthetop10listof thestrongestcurrenciesintheworldin2024.You maybesurprisedtoseewhatcomesatthetop.
1. Kuwaiti Dinar
Symbol: 1 KWD
INR Value: INR 271.65
USD Value: $ 3.25
TheKuwaitiDinaristhenationalcurrencyofthe stateofKuwait.Itwasintroducedin1960,the sameyeartheKuwaitiCurrencyBoardwas created.Thecurrencyiswellknownforits exchangerate.Thevastquantityofoilthatis accessibleinthemarkethelpstomaintainthis rate.KuwaitiDinarbanknotesareprintedin denominationsof¼dinar,½dinar,1dinar,5 dinars,10dinars,and20dinars.
BahrainiDinarisonethesecondstrongestcurrenciesintheworld. Itisdividedinto1000smallercurrencyunitscalled“fils”.When tradingintheUSdollaryouwillreceive0.38Bahrainidinar
Before1965,BahrainwasusedinthePersianGulfrupeeasits currency.Bahrainidinarbegancirculationin1965andreplaced thePersianGulfrupeeataconversionrateofonedinarto10 rupees.After1973,thisresponsibilityfellunderthecontrolofthe BahrainMonetaryAgency
3. Omani Rial
Symbol: 1 OMR
INR Value: INR 216.89
USD Value: $ 2.60
2. Bahraini Dinar
Symbol: 1 BHD
INR Value: INR 221.50 USD Value: $ 2.65
OmaniRialisthenationalcurrencyoftheSultanateofOman.Itisoneof thethirdstrongestcurrenciesintheworld.Beginningin1970,theOMR wasknownastheRialSaidiandhadavalueequaltotheBritishPound.
ItbecamethecurrencyofOmanafterSultanQaboosbinSaidofficially changedthenameofthecountrytotheSultanateofOman.Themost notabledevelopmentinthehistoryoftheOmanirialtookplacein1970 whenSultanQaboosbinSaidassumedpowerafteroverthrowingand exilinghisfatherSultanSaidbinTaimur.Subsequently,heembarkedona programofeconomicandsocialreform.Hisreformsincludedthe establishmentoftheCentralBankofOmanin1974.TheCentralBank issuesandmanagestheOmaniRial.
4. Jordanian Dinar
Symbol: 1 JOD
INR Value: INR 117.79
Value: $1.41
ThenationalcurrencyofJordanisthe JordaniandinarorJOD,whichearnedthe positionasoneofthefourthstrongest currenciesintheworldtoday.1USdollar istransferableforaround0.71Jordanian Dinar ThiscurrencybecameJordan’s officialcurrencyin1950afteritreplaced thePalestinianpound.
TheBritishPound,alsoknownasthesterlingBritishPound usedintheUnitedKingdom,isoneofthestrongest currenciesintheworld.Thepoundwasfirstintroducedin the1400s.Itisthefourthmosttradedcurrencyglobally, accountingforaround12.8%ofdailytradesintheforeign exchangemarket.ItistheofficialcurrencyofJersey, Guernsey,theIsleofMan,SouthGeorgia,theSouth SandwichIslands,theBritishAntarcticTerritory,and TristandaCunha.
6. Cayman Islands Dollar
Symbol: 1 KYD
5. British Pound
TheofficialcurrencyoftheCaymanIslandsis theCaymanIslandsDollar.Itisoneofthe sixthstrongestcurrenciesintheworld.This currencyisexclusivelyusedintheterritory andholdsafixedexchangeratewiththe UnitedStatesDollar Thefixedexchangerate ensuresstabilityinthecurrencyandfacilitates economictransactionswithintheislands.
7.Gibraltar Pound
Symbol: 1 GIP
INR Value: INR 105.10
USD Value: $1.26
TheGibraltarpoundisoneoftheseventhstrongestcurrenciesinthe world.ItistheofficialcurrencyofGibraltar,aBritishOverseasTerritory locatedatthesoutherntipoftheIberianPeninsula.
TheGibraltarPoundissubdividedinto100smallerunitscalledpence. Theyareavailableincoinsandbanknotes.Coinsareissuedin denominationsof1,2,5,10,20and50pence,aswellas1and2-pound coins.Banknotesareavailableindenominationsof5,10,20and50pounds. GibraltarFinancialServicesCommissionmanagesthecurrency
TheofficialcurrencyofSwitzerlandand LiechtensteinisSwissFranc.Itis consideredoneofthestrongestcurrencies intheworldforbusinessesandinvestors. This,however,isnosurprisethat Switzerlandisoneofthemoststableand wealthycountriesintheworld.TheSwiss Francwasintroducedin1850andwas laterbrieflypeggedtotheeuro.
Symbol: 1 CHF
Value: INR 92.38 USD Value: $1.11
9. Euro
Symbol: 1 EUR
INR Value: INR 90.06
USD Value: $1.08
Euroisthesecondlargestreservecurrencyandthesecondmosttraded currencyworldwide.Itisoneofthestrongestcurrenciesintheworld, holdingtheninthposition.
TheEuroistheofficialcurrencyoftheeuro-zone,encompassing19of27 EuropeanUnionmemberstates.ThesenationsincludeAustria,Belgium, Cyprus,Estonia,Finland,France,Germany,Greece,Ireland,Italy,Latvia, Lithuania,Luxembourg,Malta,theNetherlands,Portugal,Slovakia, Slovenia,andSpain.Itsstrengthandstabilityaredrivenbyfactorslikea strongeconomy,politicalstability,andconsistentlylowinterestrates comparedtoothernations.
ThecurrencyoftheUnitedStatesofAmericaisUSDorUSDollars.Itis the10thstrongestcurrencyintheworld.Allotherunitsofcurrencyacross theglobeareworthlessthanUSdollars.Becauseofwidespreadadoption, theUSdollaralsoaccountsforaround88.3%ofdailytradesintheforeign exchangemarket.Asoneofthestrongestcurrenciesintheworld,theUS dollarplaysanimportantroleintradeandfinance.
Almosteverycentralbankandcommercialbankholdsitastheworld’s primaryreservecurrency.Itissaidthatnocurrencywilleverreplacethe USdollarasthemosttradedcurrency
Conclusion
Itbecomesimportanttounderstandthestrongestcurrenciesintheworld. Thesepowerfulcurrenciesnotonlyshowthestrengthoftheircountriesbut alsotheirinvestmentsandglobaltrade.Ifyou’reinterestedininvestments, knowingaboutthesetopcurrenciescanhelpyoumakebetterdecisions.
10. US Dollar
Symbol: 1 USD
INR Value: INR 83.50
USD Value: $1.00
The Growth of Denim from Workwear to Style Statement
Jeans in today's time have become more than a fashion statement. Everyone owns multiple pairs of jeans, be it for fashion or comfort. But have you ever wondered how this everyday essential item became a part of our lives? Levi’s, the brand popular for its denim collection, introduced ‘waist overalls’ that we now call ‘jeans’. In this article, we will learn more about this iconic brand and how it transformed the fashion world throughout history.
History of Levi’ s
LeviStrauss&Co.isanAmericanclothingcompanyknownworldwideforitsLevi’sbrandofdenim jeans.ItwasfoundedbyaGerman-Jewishimmigrant,LeviStrauss,andJacobDavis,atailorin1853, inSanFrancisco,California.LeviStraussinitiallyemigratedtoGoldRushSanFranciscoandopened hisowndrygoodsbusinesstoservethesmallgeneralstoresoftheAmericanWest.Thecompany's impactgrewsignificantlyduringthegoldrush,anditsoonbecameaprominentnameintheindustry
JacobDaviswasatailorinReno,Nevada.HeusedtobuydenimclothfromLeviStrauss&Co.One day,acustomeraskedhimtoreinforcetornpants,sohecameupwiththeideaofusingcopperrivets tomakethepantsstronger.Jacobdidn'thaveenoughmoneytogetapatentforhisidea,sohewroteto LeviStrauss,proposingtheygointobusinesstogether.Levilikedtheidea,andtheygotapatentforit in1873.Theystartedusingthecopperrivetsintheirjeans,anditbecameverypopular Theybegan makingdenimoverallsinthe1870s.In1890,thepatentfortherivetsbecamepublic,andtheystarted usingnumberstomarktheirproducts.
TheTwoHorseBrand
The Levi's Two Horse concept is a signicant and enduring symbol that has been a part of the brand since 1886. It features a pair of Levi Strauss & Co. waist overalls, the original name for 501 jeans, attached to two horses attempting to pull them apart. The early trademark read, "It's no use, they can't be ripped," visually reinforcing the quality and durability of the pants while being distinctive and unique. This concept was originally called "The Two Horse Brand" until 1928, when the company adopted its Levi's trademark.
The logo was designed with the understanding that not all consumers spoke English as their rst language, and not everyone in the remote West was literate. Hence, it served as a visual identier that allowed immediate recognition of Levi's jeans, catering to a diverse consumer base. It was meant to represent the dual vision that the founders intended to convey: the quality and durability of the product and its authenticity.
Is Levi’s &
LikethebrandsZara,andH&M, Levi’sisalsoafastfashionbrandthat hasbeenquestionedforitsethical practices.'GoodonYou'ratedita middlescoreof"It'saStart"forits sustainabilityefforts.Thebrandhas madesomeprogressinsustainability, particularlyinitsuseofcotton.In 2020,83%ofitscottoncamefrom moresustainablesources,including BetterCotton,organiccotton,and recycledcotton.Ithasalsointroduced sustainablematerialslikeTENCEL lyocell,cottonizedhemp,andrecycled polyesterintoitscollections.Recently, ithasupdateditssustainabilitystrategy withcleargoalstoadvanceitsprogress andmeetstakeholderexpectationsfor environmental,social,andgovernance commitmentsandperformance.
WhileLevi'sdoesn'tuseexoticanimal skin,fur,orangora,itdoesusewool, leather,silk,anddownfeathers.There arealsoconcernsaboutthebrand’s laborjusticeandhumanrights practices.Ithasnotsignedontothe InternationalAccord,anagreementthat ensuresbettersafetyfortheworkers sewingtheirjeans.Peoplehavealso raisedconcernsaboutimprovingthe brand’slaborconditionsandensuring equalrightsandprotectionsforall workersinthefactorieswhereits productsaremade.
Despitethis,thebrandiscommittedto improvingitspractices,reducingwater consumptionthatgoesintoproduction, andadoptingmoresustainableefforts inthefuture.
Sustainable Ethical?
The Iconic 501 Jeans
ThemosticonicjeansofLevi’s,the 501jeans,werefirstreleasedin1873, makingthemover150yearsold.The jeanswereoriginallyintendedtobe durableworkpantsforminersand laborers,buteventuallyevolvedintoa fashionstapleandasymbolof Americanheritage.
The501sarestraight-fit,medium-rise jeanswithnotaperingintheleg.They areknownfortheircomfortablefitand haveaclassic,timelessappeal.The originalfitjeansformenareacultural iconthatholdsaspecialplacein Americanhistory.Variousiconic figures,includingminers,rockstars, andactorslikeMarlonBrando,James Dean,andElvisPresley,thathave contributedtotheirstatusasa quintessentialAmericangarmenthave wornit.Despitetheirlonghistory,the 501jeanshavecontinuedtoevolveand remainrelevant.Peoplehaveembraced themforcenturiesanddesignershave reinventedtheminfreshandrelevant ways,solidifyingtheirplaceinfashion history
The Levi’s 501 jeans are iconic for several reasons.
Ithasundergoneseveraltransformationsthroughouthistory.Fromrelocatingrivetstoremovingbrandedbuttonsandadjusting thedesignduringWorldWarII,thejeanshaveadaptedtochangingneedsandpreferences.
It’sclassicandhasatimelesselegance.Itcanbeadaptedbyeverybodywithoutchangingtocapturetrends.Duetothisquality, awiderangeofindividualscanembraceit.
Levi’s501jeansareknownfortheirsturdyconstructionanddemocraticfit,makingthemmorethanjustasturdypairofpants.
Marketing Strategies for Success
With a history of over 150 years, Levi's marketing strategies have changed and adapted to modern times while staying true to its denim heritage. Let's learn what strategies they have incorporated to mark their name in the fashion industry and make a global name.
CinematicStorytelling
Leviusescinematicstorytellingtoconnect withitstargetaudienceandtobuildbrand awareness.Oneofthemostfamous examplesofitisthe‘GoForth’campaign, whichwaslaunchedin2009.Thecampaign featuredaseriesofshortfilmsthattoldthe storiesofrealpeoplewhowerelivingtheir livestothefullest.Therecentuseof cinematicstorytellingwasthe2021 campaign,‘TheGreatestStoryEverWorn’, thatshowcasedstoriesofpeoplewhohad wornLevi’sjeansthroughouttheirlives. Levishaspartneredwithseveralbrandsand
ImmersiveShoppingExperience
Levibrick-and-mortarstoresaredesignedto createimmersiveshoppingexperiences.Its storeshaveinteractivedisplaysdesignedto showcaseproductversatilityoreducate shoppersaboutfit,washoptions,or constructiontechniques.Italsohas augmentedreality(AR)try-ontechnology inmanyofitsstores.
EmbracingAuthenticityandHeritage
OneofthekeymarketingstrategiesofLevi’shasbeen embracingauthenticityandheritage.Ithasalways focusedonproducinghigh-qualitydenimproductsthat canwithstandwearandtear Thishashelpedthebrand inbuildingthetrustoftheconsumers.Ithasalsoalways highlighteditstiestoAmericancultureandhistory.The brandusesclassicAmericansymbolslikecowboysand horses,andworkswithfamousAmericanartistslike RoyRogers,toshowthatitisatrulyAmericanbrand.
StayingRelevant
Levi’sconstantlyevolvesitsmarketingstrategiestostay relevantandtrendy.Itunderstandsitstargetconsumers, knowswhattheywant,andcreatesmarketingcampaigns aroundit.Italsocollaborateswithcelebritiesand influencestoreachthetargeteddemographic.These partnershipshelptogiveLevi’sjeansasenseof authenticityandcredibility.Italsohasahugesocial mediapresenceandutilizesittostayup-to-datewiththe latesttrends.
RetailCollaborations
retailerstolaunchlimitededitioncollectionsornewproducts. Thishelpsincreatingasenseofexclusivityandexcitement aroundtheproduct.SomeofthesebrandsincludeSupreme, Off-White,andJustinBieber Thesepartnershipshelpedthe brandreachawideraudience.
MARKETING REVENUE
Levi’s net revenue in 2023 was $6.17 billion, a 0.17% increase from 2022 revenue. Over the years, it has seen growth and popularity among the youth and adults. While it has a lot to work towards its sustainable approach, it has made a name in the fashion industry and is synonymous with durability, comfort, and style.
5 WAYS TO NAVIGATE SOFTWARE PROJECT CHALLENGES
Althoughmanagingsoftwareprojectsmightbedifficult,failurescanbeturnedinto successesifthecorrecttacticsareused.Duetoitscomplexity,software developmentfrequentlyfacesawiderangeofchallenges,frominterpersonal problemsinteamstochangesinthemarket.Projectmanagers,however,may successfullytransformthesedifficultiesintochancesfordevelopmentandadvancement byusingaproactiveandflexibleattitude.Thisarticleexamines5WaystoNavigate SoftwareProjectChallenges,offeringpracticaladviceandtried-and-truetacticstosavea failingsoftwareprojectandproducetheintendedresults.
DiagnoseandAnalyzeProblems
Troubleshootingandrootcauseanalysisareessentialforovercomingsoftwareproject obstacles.Timeandresourcesaresavedbythisearlydetection,allowingyoutogetback ontrackbeforedeviatingtoofarfromtheplannedroadmap.Detailedinformation collectedfromallpartiesandextensiveinvestigationsareimportanttechniques. TheParetoChartshowsthemajorcomponentscontributingtoanissue,whereasRoot CauseAnalysisassistsindeterminingtheunderlyingcausesofproblems.Projectissues maybecomprehensivelyviewedandprobablereasonscanbevisualizedwiththeuseof toolssuchastheFishboneDiagramandSWOTAnalysis.Forinstance,asoftware developmentteamthatishavingtroublemeetingdeadlinesmayfindthattheprimary problemsarealackofclarityinrequirementsandinadequatecommunication.Theymay prioritizetheseelementsandconcentrateonenhancingrequirementclarityand communicationchannelsbyemployingaParetochart.
StrengthenTeamDynamics
Anysoftwareprojectneedsacohesiveteamtosucceed.Increasingteamcohesionhasa bigimpactonmorale,output,andcooperation.Projectoutcomesaredirectlyimpactedby teamcohesiveness.Acohesiveteamismoreabletoovercomeobstacles,thinkcreatively, andcollaborateeffectivelytoachievegoals.Ontheotherhand,alackofcohesiveness canresultinmiscommunication,hold-ups,andpoorperformance.Arobust,cooperative teammaybefosteredbyanumberofstrategies.Frequentteam-buildingactivitiescan improvecommunicationandtrustamongthegroup.Regularmeetingsandcheck-ins guaranteethateveryoneisonthesamepageandthatanyproblemsaredealtwithright away Thecorrecttoolscanhelptoimproveteamdynamicsevenfurther Task managementmaybestreamlinedandclearcommunicationcanbefacilitatedbyproject managementsoftware.Collaborationplatformsfacilitateconstantandefficient communicationbetweenmembersofateam.
EmbraceAdaptivePlanning
Flexibilityisessentialinthefast-pacedfieldofsoftwaredevelopment.Teamsmaybe flexibleandresponsivetounforeseenobstaclesandchangesbyusingadaptiveplanning. Teamsthatuseflexibleplanningarebetterpreparedtoadjusttonewknowledgeand evolvingsituations.Thisstrategylowersthepossibilityofmajorsetbacksandpermits ongoingdevelopment.Adaptiveplanningissupportedbyseveralapproaches.Agile placesastrongemphasisoniterativedevelopment,whichpermitsfrequentfeedbackand modification.Itpromotescooperationandclientparticipationthroughouttheproject's lifetime.MaximizingvaluewhilereducingwasteisthemaingoaloftheLean managementprinciple.Itencouragesproductivityandtheconsistentdeliveryoftiny, doabletaskincrements.
ThinkofasoftwarecompanythatusedAgile methodology Theywereabletoswiftlyrespondto customerinputanddevelopmentsinthemarketby dividingtheirprojectintosprintsanddoingfrequent retrospectives.
Theirabilitytoadaptallowedthemtosuccessfully launchtheirproductbeforerivalswhowerelockedinto strictplanningstages.
CultivateaLearningEnvironment
Long-termprojectsuccessdependsonacultureof ongoingeducationandprofessionalgrowth.Itdevelops creativity,strengthensteamdynamics,andequipsgroups totakeonnewproblems.Teammembersstaycurrenton emergingtechnologies,techniques,andbestpractices throughongoinglearning.Employeeengagementand moralearealsoraisedsincetheyfeelappreciatedand caredfor.Thereareseveralwaystogoaboutfosteringa cultureoflearning.Teammemberscanlearnnewskills andinformationpertinenttotheirresponsibilities throughregulartrainingsessions.Acollaborative learningenvironmentisfosteredbyencouragingteam memberstosharetheirknowledgeandexperiences.A softwarefirmismorelikelytoproducecreativeideas andadjusttomarketchangesifitregularlyfunds trainingandknowledge-sharingevents.Theycan overcomeobstaclesandmaintaintheircompetitiveness becauseofthisproactivestrategy
DevelopaRobustRiskStrategy
Managingriskseffectivelyiscriticaltoovercoming obstaclesinsoftwareprojects.Teamsmayavoid potentialdifficultiesfromderailingtheirprojectsby recognizingandminimizingrisksearlyon. Identification,evaluation,andprioritizationofrisksare allpartofastrongriskstrategy,whichisthenfollowed bytheimplementationofmitigatingactions.Several methodscanhelpinriskassessmentandreduction. Prioritizingpossiblehazardsaccordingtotheirseverity, theRiskAssessmentMatrixassistsinassessingtheir effectandlikelihood.Awarenesstraininghasalsoproven usefulintransformingandimprovingyourriskand securitystrategy.Aquantitativeanalytictechniquecalled MonteCarloSimulationmakesuseofstatistical modelingtoforecasthowrisksmayaffectprojectresults, enablingmoreinformeddecision-making.Companies areabletoforeseehazardsandtakeactionbeforethey developintoseriousproblemsbyroutinelyupdatingand assessingthismatrix.Theirprojectsuccessratesand stakeholdersatisfactionincreaseddramaticallyasa resultofthisproactivestrategy.
