Month: November 2010

http://www.theglobeandmail.com/life/the-naked-chefs-g20-challenge-no-pork-no-foie-gras-no-fantasy-dessert/article764308/print/

The paradigm of a social entrepreneur, Jamie Oliver has garnered many prestigious awards for his outstanding role in promoting healthy eating. Both socially responsible and a savvy entrepreneur, Mr. Oliver effortlessly melds them together, creating a program that helps troubled teens. Therefore, he created a restaurant called Fifteen to give disadvantage young people a fresh start in a kitchen. Bothe the business and the teens will benefit from this program. Not only will the restaurant will make a profit, but also most importantly, the teens will develop vital skills that can provide them with a future career in the restaurant business. Jamie Oliver’s social enterprise is to initiate a revolution in Britain to stop school cafeterias from selling junk food. Ultimately, this revolution is to provide healthier alternatives to children who are on the cusp of becoming overweight. Due to his unyielding efforts, Jamie Oliver has been recruited to cook the dinner for the G20 meeting in London. A sustainable chef, Mr. Oliver has decided to take an unorthodox method in catering for the G20 dinner. Instead of buying the most luxurious and expensive ingredients, Jamie will use local and eco-friendly produce to champion his idea of social responsibility. Thus, Jamie Oliver – an exemplar of a social entrepreneur – differentiates himself from the typical entrepreneurs who are blinded by greed, lacking moral ethics.

http://www.topbusinessentrepreneurs.com/

There are many millionaires and billionaires in this world. These people have earned their money in so many ways. Investments, companies that they have started and some are just lucky enough to inherit it. But there are those who just get a brainstorm about some kind idea that they may have, they run with the idea and the next thing they know, they are raking in the money. Gary Goldberg is one of these people. As an entrepreneur, Goldberg has exhibited characteristics that determined his success. His brilliant idea came to him when his son became sick, finding out that his son was allergic to dust mites which where found in the bedding. Goldberg then thought of the idea of creating a bed sheet that prevents dust mites but the bed sheet can also be washed and reused, naming his company Clean Brands. With a new product, Goldberg has entered a new and lucrative market because many children have allergies to dust mites. One of the biggest customers of Goldberg’s invention is Jet Blue. Jet Blue is a flight agency that bought the product to use for their pillows on the airplanes. Within a few years, Goldberg became a millionaire.

http://www.theglobeandmail.com/report-on-business/top-business-stories/is-royal-bank-of-canada-on-a-too-big-to-fail-list-for-g20/article1793476/

Due to the financial meltdown since 2008, all the banks around the world are on “thin ice,” suggesting that any major decision would profoundly impact the financial crisis. At a recent G20 meeting, the Financial Stability Broad has put Royal Bank of Canada (RBC) – and other major banks – on a list, advising that their collapse would put the global financial at risk. My analysis on this article determines that RBC was an inherent part of the financial crash in 2008 because of its careless prime mortgage loaning. It is exceptional that RBC is efficient on the relative scale of their trading activities; unfortunately, this is the clear reason why they are on the list because of the high risk the bank assumes. Furthermore, RBC’s lucrative trading activities also indicates that there are fully utilizing their bank capital with the undistributed profits. In order for RBC to be removed from the list, they must decrease trading activities, yet less trading activity would also mean a lower contribution to earnings. Therefore, RBC would have a negative effect on the stocks. Thus, RBC plays a pivotal role in the outcome of the fragile financial situation that the entire world is in.