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: If it’s handmade or over 20 years old, there’s a good chance you can find it on Etsy, the go-to online marketplace for handcrafted and vintage goods.

Source: CNBC.com – video report

Date: Sep 05, 2020

Link: https://www.cnbc.com/2020/09/05/how-etsy-built-a-handmade-empire.html?__source=iosappshare%7Ccom.apple.UIKit.activity.Mail

Questions for discussion:

    • How would you describe Etsy’s business model?
    • Summarize the evolution of the firm’s management.
    • Why do you think the firm experienced so many growing pains?
    • Explain the firm’s success.
    • Who are Etsy’s competitors?

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: When the coronavirus hit, medical practitioners started ramping up their virtual offerings – notably appointments via videoconferencing apps such as FaceTime and Zoom – as a way to continue caring for patients and keep their businesses alive.

Source: Bloomberg.com

Date: Sep 12, 2020

Link: https://www.bloomberg.com/quicktake/telemedicine?srnd=businessweek-v2

Questions for discussion:

  • What does the report say about telemedicine as a means to improve services and reduce costs?
  • What do you think of the concept?
  • How can practitioners increase participation amongst clients?

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

Description: After shutting down in the spring, America’s empty gyms are beckoning a cautious public back for a workout. To reassure wary customers, owners have put in place — and now advertise — a variety of coronavirus control measures. At the same time, the fitness industry is also trying to rehabilitate itself by pushing back against what it sees as a misleading narrative that gyms have no place during a pandemic.

Source: NPR.org

Date: Sep 02, 2020

Link: https://www.npr.org/sections/health-shots/2020/09/02/906649390/making-gyms-safer-why-the-virus-is-less-likely-to-spread-there-than-in-a-bar

Questions for discussion:

  • From an operations and communications point of view, how should managers of gyms deal with clients’ concerns?
  • Is the relative safety of gyms in comparison to bar an opportunity for marketing gyms?

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.

Description: Ethical and legal lapses are a serious organizational risk. From lawsuits to customer boycotts, from lower market value to higher turnover, unethical or unlawful employee behavior can spark financial disasters. And leaders don’t always know there’s an integrity problem until it’s too late — and too public — to fix.

Source: Gallup.com

Date: Sep 01, 2020

Link: https://www.gallup.com/workplace/318575/know-organization-ethics-reporting-ratio.aspx

Questions for discussion:

  • What does the report say about what organizations should do about promoting ethical behavior?
  • How many employees are likely to report unethical behavior?
  • Why do you think this is the case?

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

Description: Interest rates are likely to stay low for years as the economy fights its way back from the coronavirus pandemic, Federal Reserve Chairman Jerome Powell said in remarks published Friday afternoon.

Source: CNBC.com

Date: Sep 04, 2020

Link: https://www.cnbc.com/2020/09/04/powell-says-duration-of-low-interest-rates-will-be-measured-in-years.html

Questions for discussion:

  • Why are lower interest rates both good and bad news?
  • How will lower interest rates likely affect consumer and business purchasing and investment?
  • Which businesses will likely benefit from this lower interest rate environment?
  • Which businesses might suffer as a result?

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.

Description: As many Canadians are settling into their work-from-home lifestyle amid the COVID-19 pandemic, a new survey shows most workers are ready for this temporary change to become a permanent reality.

Source: BNNBloomberg.com

Date: Sep 02, 2020

Link: https://www.bnnbloomberg.ca/61-of-canada-s-young-workforce-supports-split-between-office-and-work-from-home-study-1.1487948

Questions for discussion:

  • What does this report say about attitude towards work structure amongst younger workers?
  • Are you surprised?
  • How should management deal with this phenomenon, in your opinion?

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: The coronavirus pandemic is spurring on a growing number of restaurant chains to build restaurants with new bells and whistles focused on convenience and safety.

Source: CNBC.com

Date: Sep 04, 2020

Link: https://www.cnbc.com/2020/09/05/restaurant-chains-are-unveiling-new-designs-inspired-by-the-pandemic.html

Questions for discussion:

  • How have these restaurant chains responded to the coronavirus pandemic?
  • Do you think these are good decisions?
  • What else would you advise the managers of these chains?
  • Should these measures be retained after the pandemic subsides?

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: Yahoo Finance Canada’s Alicja Siekierska and strategy expert Mark Satov discuss Walmart’s new membership service and how it will stack up against Amazon Prime.

Source: Yahoo.Finance.com – video report

Date: Sep 04, 2020

Link: https://ca.finance.yahoo.com/video/crisis-management-walmart-not-aggressive-194154877.html

Questions for discussion:

  • What does the report say about Walmart’s effort to launch a competing plan against Amazon Prime?
  • Do you agree with the analysis?
  • What would you recommend to Walmart in order to compete better against Amazon Prime?

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

Description: The Dow Jones Industrial Average rallied on Thursday, wrapping up its best week in more than 80 years, after the Federal Reserve gave more details on how it will support the economy amid the coronavirus pandemic.

Source: CNBC.com – video report

Date: Apr 08, 2020

Link: https://www.cnbc.com/2020/04/08/stock-market-futures-open-to-close-news.html

Questions for discussion:

  • Summarize the highlights in this report.
  • Why is Mark Cuban uncertain and hopeful at the same time?
  • What are the challenges facing small businesses in particular?

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: Panera Bread is selling groceries as housebound consumers eat fewer meals from restaurants.

Source: CNBC.com

Date: Apr 08, 2020

Link: https://www.cnbc.com/2020/04/08/panera-bread-is-selling-groceries-as-restaurant-sales-plummet.html

Questions for discussion:

  • Create a SWOT analysis that focuses on Panera at this time of pandemic?
  • Do you think the idea of distributing groceries is a good idea?
  • What other ideas would you suggest Panera put into action in order to make up for the loss of regular business?