Young Readers Feel All Information Is ‘Not To Be Trusted Or Taken At Face Value,’ Study Finds

Posted by & filed under Part 1 Business in a Global Environment, Part 2 Starting and Growing Your Business, Part 4: Marketing Management, Part 5 Managing Technology and Information.

Description: Young people are great consumers of media. But they are skeptical of both mainstream and alternate sources, judging by a report by Reuters Institute.

Source: MediaPost.com

Date: Sep 16, 2022

Link: https://www.mediapost.com/publications/article/377845/young-readers-feel-all-information-is-not-to-be-t.html

Questions for discussion:

  • What does the research say about young consumers of media?
  • How would you compare yourself to this profile?
  • Is there a business waiting for an entrepreneur to develop focused on this audience?

Majority of Canadians are making changes to their grocery store habits amid higher prices

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Description: The majority of Canadians are changing the way they shop for groceries as food prices continue to climb at the fastest pace since 1981, according to a report and survey by Dalhousie University’s Agri-Food Analytics Lab released Tuesday.

Source: BNNBloomberg.ca – video report

Date: Sep 20, 2022

Link: https://www.bnnbloomberg.ca/majority-of-canadians-are-making-changes-to-their-grocery-store-habits-amid-higher-prices-1.1821231?jwsource=cl

Questions for discussion:

  • What does the research say about how Canadians are dealing with inflation?
  • What does this mean for businesses such as grocery stores and consumer products sold there?

The Rise of Non-Alcoholic Beers

Posted by & filed under Part 1 Business in a Global Environment, Part 2 Starting and Growing Your Business, Part 4: Marketing Management.

Description: “While there used to be stigmas attached to not drinking, that has really changed dramatically in the last 4 or 5 years.” How did the the non-alcoholic beer market go from flavorless to a market forecast to reach $23+ billion in 2025? Rosalie e’Silva and Kate Krader explain. (Source: Bloomberg)

Source: Bloomberg.co – video report

Date: Sep 19, 2022

Link: https://www.bloomberg.com/news/videos/2022-09-19/the-rise-of-non-alcoholic-beer?srnd=premium-canada

Questions for discussion:

  • What do you think explains the success of this product category?
  • Who is the target market?
  • What do you this about the longer term investment in non-alcoholic brewing?

Mark Cuban Says the Worst Career Advice Is ‘Follow Your Passion.’ What Should You Do Instead?

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

Description: Turns out it’s something you already do. You just need to turn it up a notch.

Source: INC.com

Date: Sep 21, 2022

Link: https://www.inc.com/jeff-haden/mark-cuban-says-worst-career-advice-is-follow-your-passion-what-should-you-do-instead.html?utm_source=newsletters&utm_medium=email&leadId=261346&mkt_tok=NjEwLUxFRS04NzIAAAGG_s0bJ4rgO6-Ha4lfXKGHNmrUVBgsf9USSn96kvl21rxRpUyVC1h5Fm2L9rB4yzkHDbrt0menfW10UTIdXAGI6Xw1jRVgdymDiaKb9w

Questions for discussion:

  • What is Mark Cuban’s advice?
  • Do you think it applies well to most people?
  • Do you think most people follow this advice?

‘Losing $1 Million a Month’: Broadway’s Longest-Running Show Is Closing

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.

Description: After nearly 35 years of delighting audiences on Broadway, The Phantom of the Opera is closing. The final performance will take place on February 18, when the masked Phantom and the famed falling chandelier will make their last appearance—at least in New York.

Source: Entrepreneur.com

Date: Sep 16, 2022

Link: https://www.entrepreneur.com/business-news/broadways-longest-running-show-is-closing/435526

Questions for discussion:

  • What does the report suggest is the reason for the planned closure?
  • Who is the target audience for this show?
  • What would you recommend to management at this time with a view toward reviving the show at a future date or in some other way?

Starbucks Shares Shift in Strategy, to Automation and Expansion

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.

Description: The coffee giant intends to speed up drink-making and open thousands of additional locations in China over the next three years.

Source: NYTimes.com

Date: Sep 13, 2022

Link: https://www.nytimes.com/2022/09/13/business/starbucks-reinvention-strategy-employees.html?action=click&algo=bandit-all-surfaces-time-cutoff-30_impression_cut_3_filter_new_arm_5_1&alpha=0.05&block=more_in_recirc&fellback=false&imp_id=829022030&impression_id=12be5be1-368c-11ed-a5c8-9b65304f8188&index=1&pgtype=Article&pool=more_in_pools%2Fbusiness&region=footer&req_id=448316927&surface=eos-more-in&variant=0_bandit-all-surfaces-time-cutoff-30_impression_cut_3_filter_new_arm_5_1

Questions for discussion:

  • What is changing at Starbucks and why?
  • What does this mean for employees and management of store operations?
    ?

Kanye West’s Yeezy says it’s terminating deal with Gap over alleged contract violations

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: Kanye West, who goes by Ye, is terminating the contract between his company Yeezy and Gap Inc., according to a letter shared by his lawyer.

Source: CNBC.com

Date: Sep 15, 2022

Link: https://www.cnbc.com/2022/09/15/kanye-west-ye-yeezy-terminates-deal-with-gap-over-alleged-contract-violations.html

Questions for discussion:

  • What is the essence of the dispute?
  • Why do you think separate stores were not opened?
  • Do you think both parties to the agreement have made the right choices?

Sobeys boss says he’s fed up with ‘reckless and incendiary’ criticisms about grocery profits amid inflation

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 head of Canada’s second-largest grocery chain called suggestions the country’s big grocers are exploiting their market power to profit from inflation “reckless” and “incendiary,” and characterized the critics who are making such assertions as lazy “armchair quarterbacks” who know little about the food business.

Source: FinancialPost.com

Date: Sep 15, 2022

Link: https://financialpost.com/news/retail-marketing/sobeys-boss-says-hes-fed-up-with-reckless-and-incendiary-criticisms-about-grocery-profits-amid-inflation

Questions for discussion:

  • What is the basis for the criticism?
  • Do you think it is fair?
  • What do you think of the CEO’s response?
  • What do you think the impact of that response will be in the marketplace?

Fred Franzia, creator of ‘Two Buck Chuck’ and champion of affordable wine, has died

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: Fred Franzia, the man behind the famous “Two Buck Chuck,” died on Tuesday at age 79.

Source: NPR.org

Date: Sep 15, 2022

Link: https://www.npr.org/2022/09/15/1123070279/fred-franzia-two-buck-chuck-wine-bronco-dies

Questions for discussion:

  • What does the article say about the marketing of wine and consumer perception of price, in particular?
  • Do you think $2 wine could sell as well in a regular grocery store as it does at Trader Joe’s?

Peloton co-founders John Foley and Hisao Kushi are leaving the company in a broad executive shakeup

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: Peloton on Monday announced the resignations of two of the company’s founders and another top executive, marking the end of an era for the struggling fitness-equipment company as CEO Barry McCarthy dramatically reshapes the business.

Source: CNBC.com – video report

Date: Sep 13, 2022

Link: https://www.cnbc.com/2022/09/12/peloton-co-founders-john-foley-hisao-kushi-are-leaving-company.html

Questions for discussion:

  • What has happened at the firm that explains the restructuring of management?
  • What are the challenges facing the top managers?
  • What has the company done so far to mitigate the damage done to the brand and stock value?
  • What would you advise management do at this time?
  • Would you be an investor?