Monthly Archives: November 2013

11. Financial LITERACY and its IMPORTANCE Financial literacy, according to Mbazigwe ‘s Canadian Youth Business Foundation blog post, is the ability to comprehend how to perform financial management, investment, expenditure and revenue generation. It is significant to be financially literate since it aids entrepreneurs with maintaining “financially balanced, sustainable, ethical [and] responsible” business. From the previous blog post, IKEA has invested in a wind farm to practice sustainable business. Would it have been possible to invest in the wind farm […]

10. IKEA and 20-Turbine Wind Farm: Good Choice?   Referring to Tiffany Chen’s blog post, IKEA Canada purchased a 20-turbine wind farm near Pincher Creek and Southern Alberta, intending to be the socially responsible and sustainable firm. Although it is a highly costly investment for the firm, it is the “key to success in the future of business” and is “relevant in consumers’ hearts”.   IKEA did not only purchase a wind farm to meet the environmental needs by reducing […]

09. Kindle and Printed Books   According to Miranda Zhu’s blog post, Kindle provides an inexpensive and convenient reading experience to the customers with the development of technology. Selling Kindle devices at the bookstore was described as “inviting hungry foxes into the henhouse” as it harms the printed-book business. It is true that offering Kindle reduces the demands for printed books. However, there is a significant difference between e-books and printed books; the readers cannot turn the physical pages, smell […]

08. How Social Entrepreneurship Changes the World : Khan Academy Watch a video: Khan Academy Vision and Social Return “A FREE WORLD-CLASS EDUCATION FOR ANYONE ANYWHERE” -Khan Academy Mission Statement                 These days, we perceive business as a mechanism to be a “rich”- to earn money. The business’s objective was to maximize profit, and the stakeholders were interested in the profit and the returns. Doubtlessly, profit is significant in maintaining the business. However, should maximizing profit be the only objective of […]

07. L’Oreal and Management Information System                 According to the report released by Coveo− the Management Information System (MIS) − the productivity of L’Oreal is increased by being provided with information that helps decision making. Coveo, by sorting and organizing data, makes data analysis more convenient. Furthermore, since MIS provides the employees with effective and quick access to useful information that is significant in decision making, it enables L’Oreal to respond to new demands of the customers as soon as […]

06. Workplace Bullies and Corporate Culture Shown by Zappos, corporate culture is not only significant in motivating the employees, but also in corporate growth. Workplace bullying, which is not an uncommon phenomenon in South Korea, is in fact a serious problem that is not taken seriously enough. In contrast to Zappos, where the employer did not own a corner office, a strict position and class (hierarchy) distinction among the Korean employees and employers exist. Furthermore, overwhelming working hours and the […]