The big reveal: New laws require companies to disclose pay ranges on job postings.

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

Description: New York City has joined a handful of places, including Colorado, Washington State and Rhode Island, which require some form of salary transparency. In the case of New York City, companies are required to include a salary range when they post a job opening.

Source: NPR.org

Date: Nov 08, 2022

Link: https://www.npr.org/2022/11/05/1134193927/salary-transparency-range-new-york-pay-laws

Questions for discussion:

  • What are the pros and cons of salary transparency?
  • How do you think this affects employees attitude toward their work and fellow employees?
  • How do you think it affects recruitment and management?
  • Do you think this can affect profitability of firms?

 

Carvana stock tanks in continued sell-off

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: Shares of Carvana were briefly halted Monday morning due to volatility, down by as much as 24% at one point to below $7 per share — its lowest point on record.

Source: CNBC.com

Date: Nov 07, 2022

Link: https://www.cnbc.com/2022/11/07/carvana-stock-tanks-in-continued-sell-off.html

Questions for discussion:

  • Explain the company’s rapid decline in stock value, from a marketing point of view?
  • What are the primary factors that determine demand and supply for this market?
  • What would you advise the firm do to deal with the situation?

Global Initiative Is Transforming How People View Wellbeing

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.

Description: As part of the movement to expand the study of people’s wellbeing beyond traditional indicators, Gallup and the Wellbeing for Planet Earth Foundation joined forces several years ago to develop a globally inclusive measurement of wellbeing. Together, through the Global Wellbeing Initiative, they are asking the world new questions that are not only transforming how people think about wellbeing but also laying the foundation for future research.

Source: Gallup.com

Date: Nov 03, 2022

Link: https://news.gallup.com/opinion/gallup/404069/global-initiative-transforming-people-view-wellbeing.aspx

Questions for discussion:

  • Summarize some of the key findings in this research that relate to business.
  • What would you advise businesses to do in management and marketing areas in particular, given these findings?

1 Rule That Can Ensure Your Emails Are Fully Read

Posted by & filed under Part 1 Business in a Global Environment, Part 3 Management: Empowering People to Achieve Business Objectives.

Description: Use the ‘3-sentence rule’ to make sure your emails are crystal clear to you and your recipients

Source: INC.com

Date: Nov 02, 2022

Link: https://www.inc.com/joel-schwartzberg/email-communications-three-sentence-rule.html?utm_source=newsletters&utm_medium=email&utm_campaign=IncThisMorning-Nov%2002,%202022&leadId=261346&mkt_tok=NjEwLUxFRS04NzIAAAGH3D4kHENaa8J9I-tFXRHDMrtNv4Bl_aqQWrOI4b7CdJEI8M38RwAFal5zHZ1cyKnp6FsZtJshf5b53aUnRAbyiKBcHFpG_QtodrOCnA

Questions for discussion:

  • What does this article say about communications in general and written communications specifically?
  • Do you think the 3-sentence rule makes sense?
  • What would you suggest as well?

Op-ed: What Elon Musk really gets out of owning Twitter

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

Description: Think of Elon Musk’s Twitter takeover less like a typical private equity play, where he fixes the business and sells it, and more like Jeff Bezos’ purchase of the Washington Post.

Source: CNBC.com

Date: Nov 03, 2022

Link: https://www.cnbc.com/2022/11/03/op-ed-what-elon-musk-really-gets-out-of-owning-twitter.html?recirc=taboolainternal

Questions for discussion:

  • Summarize the opinions expressed in this article that offer an explanation for Elon Musk’s decision. Do you agree?
  • How are operations likely to change if the opinions about Musk’s goals turn out to be correct?

Canada jobs market blows past expectations with 108,000 gain

Posted by & filed under Part 1 Business in a Global Environment, Part 4: Marketing Management, Part 6 Managing Financial Resources.

Description: Canada’s labour market unexpectedly added 108,000 jobs in October as wage gains accelerated, potentially easing worries the economy is headed for a major slowdown.

?Source: BNNBloomberg.com – video report

Date: Nov 04, 2022

Link: https://www.bnnbloomberg.ca/canada-jobs-market-blows-past-expectations-with-108-000-gain-1.1841866

Questions for discussion:

  • Summarize the top three statistics you believe business people should be looking at as they weigh decisions going forward?
  • Why are these statistics so critical at this time?
  • Is there any negative interpretation to these numbers?

Yeezy Roller Coaster Ended With Two-Minute Phone Call at Adidas

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.

Description: Their lucrative Yeezy collaboration accounted for more than an estimated 40% of the shoe giant’s profits. But the partners had been bickering for years.

Source: Bloomberg.com

Date: Nov 01, 2022

Link: https://www.bloomberg.com/news/articles/2022-11-01/kanye-west-adidas-split-was-brewing-for-years?leadSource=uverify%20wall

Questions for discussion:

  • What are the lessons to be learned from this partnership between Ye and Adidas?
  • Can Adidas ever afford to again become so dependent on a single celebrity?
  • Should the company keep selling Yeezy-designed shoes, under the Adidas brand?
  • If so, will consumers still want to buy the sneakers?
  • How can Adidas win back customers in China?

 

Twitter is now owned by Elon Musk — here’s a brief history from the app’s founding in 2006 to the present

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 5 Managing Technology and Information, Part 6 Managing Financial Resources.

Description: A decade ago, Twitter’s future was looking bright. The company was benefiting from a flood of funding into the social-networking space, eventually leading to an IPO in 2013 that raised $1.8 billion.

Source: CNBC.com

Date: Oct 29, 2022

Link: https://www.cnbc.com/2022/10/29/a-brief-history-of-twitter-from-its-founding-in-2006-to-musk-takeover.html

Questions for discussion:

  • Why do you think Musk bought Twitter?
  • Do you think there are revenue models that have yet to be tried on the platform?
  • Do you think Musk bought Twitter with expectations of generating profits one day or reselling the brand?

Adidas Ends Partnership With Kanye West at a Considerable Cost

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: The German sportswear giant is the latest company to cut ties with Mr. West, now known as Ye, after his antisemitic remarks. Ending the partnership is expected to hurt company profits.

Source: NYTimes.com

Date: Oct 26, 2022

Link: https://www.nytimes.com/2022/10/25/business/adidas-kanye-west.html

Questions for discussion:

  • What are the ethical and social issues related to this issue?
  • What do you believe is the impact on businesses and individuals as a result of the publicity surrounding this decision?
  • Do you think the financial cost would have been different if Adidas had continued to do business with West?

United Airlines Made a Simple Change That Saves Passengers Over 13 Million Minutes of Delays

Posted by & filed under Part 1 Business in a Global Environment, Part 3 Management: Empowering People to Achieve Business Objectives, Part 5 Managing Technology and Information.

Description: Sometimes the most obvious changes can make a huge difference.

Source: INC.com

Date: Oct 27, 2022

Link: https://www.inc.com/jason-aten/united-airlines-made-a-simple-change-that-saves-passengers-over-13-million-minutes-of-delays.html?utm_source=newsletters&utm_medium=email&utm_campaign=IncThisMorning-Oct%2027,%202022&leadId=261346&mkt_tok=NjEwLUxFRS04NzIAAAGHvVd8sJ4wkwoUE9uNVNxEcJ36wCJxwkB1dePpq-BSZYrEiBh2Em2X4eivrNfcI7Ui6zabYjN5P9h25sS16JhpOTJuZyd5kGLAdRm1HA

Questions for discussion:

  • What does this article say to management about productivity and efficiency?
  • Why do you suppose it took so long for United to install this system of record-keeping and compliance?
  • What drives the installation of new systems that improves productivity?
    ?
    ?