Pushed by Pandemic, Amazon Goes on a Hiring Spree Without Equal

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Description: The company has added 427,300 employees in 10 months, bringing its global work force to more than 1.2 million. Source: NYTimes.com Date: Nov 27, 2020 Link: https://www.nytimes.com/2020/11/27/technology/pushed-by-pandemic-amazon-goes-on-a-hiring-spree-without-equal.html Questions for discussion: What does Amazon’s hiring mean for the company? Do you think these jobs signal good things about the economy? Which businesses are losing to… Read more »

With Black Friday here, retailers must manage delivery expectations: expert

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Description: Black Friday has officially arrived in Canada, and while sales are expected to be muted this year as the country grapples with the COVID-19 pandemic, the shift to e-commerce means retailers need to manage consumer expectations for online ordering. Source: Yahoo.Finance.com – video report Date: Nov 27, 2020 Link: https://ca.finance.yahoo.com/news/with-black-friday-here-retailers-must-manage-delivery-expectations-experts-185107840.html Questions for discussion: Summarize… Read more »

Airlines See Loss Reaching $157 Billion Before Virus Clears

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Description: Record airline losses from the coronavirus outbreak will continue to mount next year as anticipated vaccination programs take time to revive travel demand, according to the industry’s main trade group. Source: Bloomberg.com – video report Date: Nov 24, 2020 Link: https://www.bloomberg.com/news/articles/2020-11-24/airlines-see-losses-swelling-to-157-billion-before-virus-clears Questions for discussion: How bad has the airline industry been hit by the… Read more »

Restaurant tech start-up Toast soars to $8 billion valuation seven months after cutting half its staff

Posted by & filed under Part 1 Business in a Global Environment, Part 2 Starting and Growing Your Business, Part 3 Management: Empowering People to Achieve Business Objectives, Part 4: Marketing Management, Part 5 Managing Technology and Information, Part 6 Managing Financial Resources.

Description: Toast, a start-up that sells software to help restaurants with online ordering, has had a rollercoaster of a year managing through the pandemic. Of late, business has been booming, Source: CNBC.com – video report Date: Nov 24, 2020 Link: https://www.cnbc.com/2020/11/23/restaurant-tech-start-up-toast-worth-8-billion-in-employee-share-sale.html?__source=iosappshare%7Ccom.apple.UIKit.activity.Mail Questions for discussion: Explain the changing environment facing the firm. Do you think it can sustain… Read more »

GM went public 10 years ago, and it’s been a mediocre investment — here’s how it can improve for the next 10

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Description: Ten years ago, General Motors made its second debut on the New York Stock Exchange in what was then the largest initial public offering in U.S. history — ushering in a new era of renewed optimism for the company and U.S. economy after emerging from bankruptcy in the Great Recession. Source: CNBC.com – video report Date:… Read more »

Canadian retail sales rise 1.1% in September, beating estimates

Posted by & filed under Part 1 Business in a Global Environment, Part 2 Starting and Growing Your Business, Part 3 Management: Empowering People to Achieve Business Objectives, Part 4: Marketing Management, Part 6 Managing Financial Resources.

Description: Retail sales in Canada came in better than expected in September, boosted by receipts of new cars, though a preliminary estimate for October shows the momentum was short-lived. Source: BNNBloomberg.com – video report Date: Nov 20, 2020 Link: https://www.bnnbloomberg.ca/canadian-retail-sales-rise-1-1-in-september-beating-estimates-1.1525406 Questions for discussion: How did retail sales fare? Explain these results? Where do you think… Read more »

Target and Walmart prove the pandemic e-commerce surge won’t reverse

Posted by & filed under Part 1 Business in a Global Environment, Part 3 Management: Empowering People to Achieve Business Objectives, Part 4: Marketing Management, Part 6 Managing Financial Resources.

Description: Walmart and Target both reported stellar third-quarter earnings this week, sending their shares soaring. And once again, the biggest headline for both was e-commerce. Walmart (WMT) said its online sales rose 79% in the quarter. Target (TGT) said its online sales rose 155%. Source: Yahoo.Finance.com – video report Date: Nov 20, 2020 Link: https://ca.finance.yahoo.com/news/target-and-walmart-prove-the-pandemic-ecommerce-surge-wont-reverse-133454888.html Questions for discussion:… Read more »

8VC founder Joe Lonsdale on why he decided to move this company from California to Texas

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Description: 8VC founding partner and Palantir co-founder Joe Lonsdale wrote in an op-ed for the Wall Street Journal this week about why he decided to move his company from California to Texas. He joins ‘Power Lunch’ to discuss what tipped him over the edge and the reasons behind the decision. Source: CNBC.com – video report… Read more »

Richard Branson Beats Elon Musk: Virgin Hyperloop Makes History With First Crew Test (Video)

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Description: A couple of company employees took a ride on the first new form of transportation in more than a century. Source: Entrepreneur.com – video report Date: Nov 10, 2020 Link: https://www.entrepreneur.com/article/359390?utm_source=newsletter&utm_medium=email Questions for discussion: How will this form of inter-city transportation affect where we live and work? How will the transportation industry (trucking, air… Read more »

E-commerce growth will continue long after we have a vaccine: Shopify president

Posted by & filed under Part 1 Business in a Global Environment, Part 2 Starting and Growing Your Business, Part 3 Management: Empowering People to Achieve Business Objectives, Part 4: Marketing Management, Part 5 Managing Technology and Information, Part 6 Managing Financial Resources.

Description: Harley Finkelstein, president of Shopify joins BNN Bloomberg to discuss how the company has navigated COVID-19, and how more businesses are jumping on the platform. He says that when it comes to retail, the pandemic has accelerated a change we have all been anticipating for a while now. The Canadian tech darling saw revenue… Read more »