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Enstack announces build-a-biz competition with ₱1,000,000 prize

The SME superapp announced that its Build-a-Biz competition, which offers the cash grand prize to the business running on the Enstack platform that posts the highest grossing sales, begins July 1. Contestants may sign up now on www.enstack.com/bab.

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Enstack is giving entrepreneurs the opportunity to turn their business dreams into reality and win ₱1,000,000. The SME superapp today announced that its Build-a-Biz competition, which offers the cash grand prize to the business running on the Enstack platform that posts the highest grossing sales, begins July 1. Contestants may sign up now on www.enstack.com/bab.

To kick off the competition, Enstack hosted an exclusive launch party at a mano in BGC that brought together prominent personalities and successful small business owners, and government representatives who share Enstack’s mission to promote entrepreneurship.

Macy Castillo, Enstack’s co-founder and CEO, shared that the competition whose theme is “Dream It, Build It, Enstack It”, was created to encourage Filipinos with an entrepreneurial spirit to finally start building their dream businesses. “The Build-a-Biz competition is a testament to Enstack’s commitment to fostering innovation and empowering aspiring entrepreneurs. We believe that every individual has the potential to build a thriving online business, and this competition serves as a catalyst for turning dreams into reality. We are excited to witness the incredible ideas and entrepreneurial spirit that will be unleashed during this competition.”

Small business owner Trixie Tiutan of cult favorite YellowBun PH, praised Enstack for simplifying the path to entrepreneurial success, stating “As a small business owner, I know the challenges of starting and growing an online store. Enstack’s all-in-one superapp provides a seamless experience, from store building to integrated payments and logistics. It truly simplifies the process and allows us to focus on what matters most – serving our customers and growing our business.”

Emphasizing the government’s support, Ilocos Norte Representative Sandro Marcos shared, “Enstack has demonstrated remarkable growth in the past year. As we anticipate further collaboration and increased government involvement from the Department of Trade and Industry, I am confident that we can bolster its standing in the Philippine business ecosystem, specifically in aiding MSMEs.”

The competition runs from July 1 to December 31, 2023. The grand prize of ₱1,000,000 will be awarded to the business with the highest gross sales, based on the best two months during the competition period for each contestant. Additional special prizes will be awarded throughout the competition. Contestants may enter the competition at any time, but are encouraged to sign up early in order to make the most of the six-month duration.

Throughout the competition, participants will be provided dedicated support via a series of exclusive webinars and events hosted by industry experts and successful online retailers. The superapp is expecting thousands of new stores to be launched as a result of the competition.

At the core of Enstack’s vision lies the commitment to simplifying the path to entrepreneurial success. With its user-friendly platform, Enstack enables participants to focus on their passion—the creation of their dream online stores. The superapp offers a hassle-free experience for building and starting an online store. With integrated payment and logistics solutions, users can quickly set up their store and start selling in no time. The streamlined onboarding process ensures automatic access to cash-on-delivery, wallet payments, bank transfers, credit card payment gateways, and same-day and standard shipping partners, allowing entrepreneurs to focus on their business growth. With Enstack, selling is made simple, offering the quickest time to check out for a seamless customer experience.

For more information about the Build-a-Biz competition or the Enstack platform, visit www.enstack.com/bab.

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Reversible words can lower consumer disbelief in ads

A simple word choice in marketing messages can significantly impact how confident consumers feel about believing – or not believing – a claim.

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It’s estimated that consumers experience hundreds if not thousands of marketing messages daily. While the exact number can depend, how much someone believes the message can be more important for marketing success than the number of messages they see. 

A new study reveals that a simple word choice in marketing messages can significantly impact how confident consumers feel about believing – or not believing – a claim. Researchers found that when words differ in their “reversability,” or how easily people can think of their opposites, it can trigger different mental processes when consumers evaluate marketing language. 

Imagine the messaging options for a new sunscreen designed specifically for those who like a strong scented product. The first product description reads, “The scent is prominent,” while the second notes, “The scent is intense.” The word “prominent” is uni-polar, meaning people tend to negate it by adding “not” to the original statement.

“Intense,” though, is a bi-polar word, meaning readers can easily come up with its opposite meaning and negate the statement by replacing it with its antonym. In this example, “The scent is mild,” instead of, “The scent is intense.” 

“When people encounter easily reversible words, like ‘intense’, in messages processed as negations (mild), they experience lower confidence in their judgements compared to words that are hard to reverse, like ‘prominent,’” explained Giulia Maimone, a postdoctoral scholar in marketing at the University of Florida Warrington College of Business. 

Across two experiments of more than 1,000 participants, the research demonstrated that this effect occurs because negations of bi-polar, or reversible, words engage a more elaborate cognitive process requiring additional mental effort, resulting in lower confidence of the statement’s truthfulness. 

Based on their findings, the researchers suggest that marketers take this advice when crafting language: for new products, use affirmative statements with easily reversible words, like ‘The scent is intense’ in the sunscreen example, which most consumers will judge as true with high confidence. Importantly, this language would also minimize the confidence of consumers who will be skeptical about the message, as they will process it via a more complex cognitive process that reduces confidence in those consumers’ disbelief. 

“This simple lexical choice could help companies maximize confidence in their desired messaging and minimize confidence among the doubters,” Maimone explained. 

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If you’re a perfectionist at work, your boss’ expectations may matter more than your own, research finds

Help your employees by clarifying expectations through regular feedback and performance conversations to reduce role ambiguity, as doing so can provide employees with a better understanding of role expectations and enhance mutual understanding of those standards.

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If you’re among the 93% of people who struggle with perfectionism at work, new research suggests that your experience may depend less on your own high standards and more on whether those standards meet your supervisor’s expectations. 

Researchers from the University of Florida Warrington College of Business found that whether perfectionism helps or harms employees depends largely on whether employees’ personal standards align with their supervisors’ expectations. 

Specifically, they looked at the connection between employees’ self-oriented perfectionism, or the expectations of flawlessness they set for themselves, and supervisors’ other-oriented perfectionism, which reflects the extent to which they set excessively high standards for and critically evaluate their employees’ performance. 

Using data from more than 350 employees and about 100 supervisors, the researchers found that perfectionism’s impact depends on whether employees’ standards align with what their supervisors expect and how clearly those expectations are understood. 

When employees’ personal standards are aligned with their supervisors’ expectations, they tend to experience less role ambiguity, meaning they have less uncertainty about the expectations and standards for their role, why those standards matter and the consequences of not meeting them. This clarity in their work is linked to better performance, lower burnout and higher job satisfaction. 

“Problems between employees and their supervisors are more likely to arise when these expectations don’t match,” explained Brian Swider, Beth Ayers McCague Family Professor.

The most difficult situation occurs, Swider and his colleagues found, is when supervisors expect higher levels of perfectionism than employees expect from themselves. In these cases, employees reported greater uncertainty about their roles, along with worse work outcomes including higher burnout and lower job satisfaction.

“If you’re an employee who struggles with perfectionism at work, our findings suggest that understanding your supervisor’s expectations may be just as important as managing your own tendencies towards perfectionism,” Swider said. “Talking to your supervisor about priorities, standards and how your performance will be evaluated can help reduce uncertainty and ensure you both share a clear understanding of what success looks like.”

The researchers have similar recommendations for employers: help your employees by clarifying expectations through regular feedback and performance conversations to reduce role ambiguity, as doing so can provide employees with a better understanding of role expectations and enhance mutual understanding of those standards.

The researchers also recommend that organizations should consider how employees and supervisors are paired, as mismatched expectations can increase stress, reduce job satisfaction and ultimately impact performance. 

The research, “The influence of employee-supervisor perfectionism (in)congruence on employees: a configurational approach,” is published in Organizational Behavior and Human Decision Processes

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Study shows scaling startups risk increasing gender gaps

Founders with HR‑related education counteract these challenges. In ventures led by founders with HR training, the odds of hiring a woman increase by more than 30 percent, and the odds of appointing a woman to a managerial role increase by 14 percent for the same level of scaling.  

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When startups scale quickly, founders often make hurried hiring decisions that unintentionally disadvantage women, according to new study from the Stockholm School of Economics in Sweden. The study shows how the pressures of rapid growth increase the likelihood that founders rely on mental shortcuts and make biased decisions. 

Drawing on large‑scale Swedish data, the study shows that scaling—when companies hire far more people than their usual growth trend would predict—puts pressure on founders to decide swiftly, which increases the use of mental shortcuts. These shortcuts can activate gender stereotypes, shaping who gets hired and who moves into managerial roles.  

“During those moments of rapid growth, even well‑intentioned leaders can fall back on familiar stereotypes when assessing who they believe is best suited for the role,” says Mohamed Genedy, co-author and Postdoctoral Fellow at the House of Innovation, Stockholm School of Economics. 

Reduced odds of hiring female managers 

His research analyzes more than 31,000 new ventures founded in Sweden between 2004 and 2018. It finds that in male‑led startups, scaling reduces the odds of hiring a woman by about 18 percent, and the odds of appointing a woman to a managerial position by 22 percent.  

These patterns emerge even in a highly gender‑equal national context, making the findings especially noteworthy.  

Crucially, the study reveals that founders with HR‑related education counteract these challenges. In ventures led by founders with HR training, the odds of hiring a woman increase by more than 30 percent, and the odds of appointing a woman to a managerial role increase by 14 percent for the same level of scaling.  

“When founders have experience with structured hiring practices, the gender gaps shrink, and in some cases even reverse,” Genedy says.  

“This shows that getting the basics of HR right early on really pays off. When things start moving fast, founders with HR knowledge are less likely to rely on biased instincts and more likely to hire from a broader talent pool.”  

Prior experience in companies with established HR practices also helps, though less so. It raises the likelihood of hiring women as the new ventures scale, but does not significantly affect managerial appointments. 

Differences persist in female-led ventures 

The study additionally shows that these patterns are not driven by founder gender alone. Even solo female‑led ventures display similar tendencies when scaling, though to a somewhat lesser degree.  

And in female‑dominated industries, scaling increases the hiring of women for regular roles but still reduces the likelihood that women are appointed into managerial positions.  

“When scaling accelerates, cognitive bias kicks in for everyone,” says Mohamed Genedy. “Female founders are not immune to these patterns.”  

Together, these results point to underlying cognitive mechanisms that shape decisions under time pressure.

The study, Scaling with Bias? The role of founders’ HR knowledge and experience in hiring and managerial appointments, was published in Human Resource Management.

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