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: Target has revolutionized the entire shopping experience, from the width of the aisles and the weight of the shopping carts to the smell of Starbucks coffee and placement of dollar bins. The tactics are paying off. Despite the pandemic, profits rose more than 80% year over year. Here’s how Target uses dollar bins and online sales to keep customers hooked.

Source: Bloomberg.com – video report

Date: Sep 22, 2020

Link: https://www.cnbc.com/video/2020/09/19/how-target-brings-in-billions-by-getting-customers-hooked.html?__source=iosappshare%7Ccom.apple.UIKit.activity.Mail

Questions for discussion:

  • What does the report say about Target’s strategic thinking and relationship with customers?
  • Do you think the firm is positioned well given the growth of online retailing?
  • What would you advise investors with respect to Target’s stock?

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

Description: The federal government unveiled a four-pillar plan in this week’s Speech from the Throne meant to help Canada’s economy navigate – and ultimately survive – COVID-19.

Source: BNNBloomberg.ca

Date: Sep 25, 2020

Link: https://www.bnnbloomberg.ca/how-governments-can-ensure-economic-survival-amid-a-covid-19-surge-1.1499390

Questions for discussion:

  • Summarize the highlights presented for government support.
  • What do you think of these suggestions?
  • What would you advise businesses and governments?

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: As Donations Shift in the Pandemic, New Databases Aim to Help

Source: NYTimes.com

Date: Sep 25, 2020

Link: https://www.nytimes.com/2020/09/25/your-money/donations-social-causes-coronavirus.html

Questions for discussion:

  • What does the article say is happening to donor behavior at this time?
  • How are databases helping organizations?

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: Now 90 years young, the Oracle of Omaha is still impressing with important life lessons.

Source: INC.com

Date: Sep 25, 2020

Link: https://www.inc.com/marcel-schwantes/warren-buffett-says-4-choices-in-life-separate-doers-from-dreamers.html

Questions for discussion:

  • Summarize the advice presented in the report.
  • What do you think about it?

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: Yelp on Wednesday released its latest Economic Impact Report, revealing business closures across the U.S. are increasing as a result of the coronavirus pandemic’s economic toll.

Source: CNBC.com – video report

Date: Sep 18, 2020

Link: https://www.cnbc.com/2020/09/16/yelp-data-shows-60percent-of-business-closures-due-to-the-coronavirus-pandemic-are-now-permanent.html

Questions for discussion:

  • How has the covid pandemic affected business closures?
  • Which businesses have been particularly hard hit?
  • Are there any solutions for any of these businesses except to wait until life returns to more normal times?

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: Here it is: Six Pixels of Separation – Episode #738 – Host: Mitch Joel. I had heard about Matt Ridley‘s work (The Rational Optimist), but we had not met until last year. I was invited to speak at a CEO summit for Google and their clients in Amsterdam. We had a short interaction, but after watching him present, I knew he would make a great guest for the show. Matt’s accomplishments are long, deep and varied. His bookshave sold over a million copies and have been translated into over 30 languages. His TED talk, When Ideas Have Sex, has been viewed more than two million times. He writes a weekly column in The Times(London) and writes regularly for the Wall Street Journal. As Viscount Ridley, he was elected to the House of Lords in February 2013. He served on the science and technology select committee 2014-2017. Matt worked for The Economist for nine years as science editor, Washington correspondent and American editor, before becoming a self-employed writer and businessman. He is a fellow of the Royal Society of Literature and of the Academy of Medical Sciences, and a foreign honorary member of the American Academy of Arts and Sciences. He is honorary president of the International Centre for Life in Newcastle. His latest book is called, How Innovation Works… And Why It Flourishes in Freedom. Enjoy the conversation…

Source: SixPixels.com

Date: Aug 30, 2020

Link: https://www.sixpixels.com/podcast/archives/spos-738-matt-ridley-on-how-innovation-works/

Questions for discussion:

  • Summarize the highlights about innovation that you learned from this interview.
  • What do you think about these ideas?

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: From employees relocating where they live to retaining top talent, look out for these big changes in the employer-employee dynamic.

Source: Entrepreneur.com

Date: Sep 18, 2020

Link: https://www.entrepreneur.com/article/356222

Questions for discussion:

  • What are the expectations for change in the workplace, according to the report?
  • Do you agree with is assessment?
  • Do you think there could be other ramifications?

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: VANCOUVER — The incoming chief executive of MEC understands the backlash against a deal to take the outdoor retail co-operative private, but hopes former members continue to shop there.

Source: FinancialPost.com

Date: Sep 16, 2020

Link: https://financialpost.com/news/retail-marketing/incoming-mec-ceo-says-store-closures-merchandise-changes-coming-after-deal-to-take-co-op-private/wcm/82f5a212-b1cc-4f7d-91c8-a66bf804c3b3/

Questions for discussion:

  • What happened to MEC?
  • Do you think management deserves the criticism from members?
  • What would you have advised management?

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: Forget Thanksgiving Day. The start to the holiday shopping season could be October 10, or 10/10/2020, according to Keith Jelinek, managing director in the retail practice at global consultancy Berkeley Research Group.

Source: MarketWatch.com

Date: Sep 16, 2020

Link: https://www.marketwatch.com/story/the-holiday-shopping-season-could-start-on-10-10-2020-with-retailers-hopeful-that-consumers-will-turn-out-early-11600197849?mod=home-page

Questions for discussion:

  • What is the basis for these notions of an earlier start to holiday shopping?
  • Do you agree with this assessment?
  • What should retailers do with the information provided?

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: Apple Inc. and the government of Singapore have partnered on a two-year health initiative dubbed LumiHealth, which is built around tracking and rewarding user behavior through the Apple Watch gadget and an iPhone app.

Source: Bloomberg.com – video report

Date: Sep 15, 2020

Link: https://www.bloomberg.com/news/articles/2020-09-16/singapore-to-pay-citizens-for-keeping-healthy-with-apple-watch?srnd=premium-canada

Questions for discussion:

  • Describe the partnership plan between Apple, government, and consumers?
  • Is this a new business model?
  • What are the benefits for all players involved?