In Response to Harvard Business Blog: Amazon Constantly Audits its Business Model

Recently, Harvard’s business blog network posted an interesting article about Amazon constantly auditing its business model. The blog highlights how Amazon has changed its business model several times from operating the “drop-shipping” method of outsourcing customer orders to the producers; however, it grew so large that it had to expand to warehouses and actually stock products that it sold. The revamp business model then shifted around excellent delivery and efficiency.

Consequently, Amazon did not stop reinventing themselves, and went on to introduce same day delivery for products. Most recently, Amazon also started to offer same day deliveries on Sunday, which is almost unheard of. Harvard’s business blog ultimately highlights that smart business like Amazon develop from constantly questioning what they do and never being at a stagnant development, but instead of continuous growth.

If more companies were to do the same, they would continue to be competitive; unfortunately, many companies fail to that. A perfect example would be Blackberry and HP: both companies were once at the top of their respective industries, but failure to innovate and respond to change quickly caused their companies to go astray and ultimately become an unfortunate disaster.

http://blogs.hbr.org/2013/11/amazon-constantly-audits-its-business-model/

Rob Ford’s Saga

Ever since Rob Ford was caught smoking cocaine while making racist and anti-gay comments, it seems that Rob Ford is sparking controversies one after another. Furthermore, Rob Ford attacking the media, calling them “a bunch of maggots” does not help his image, but instead tarnishes his image more while adding fuel to the fire for the media. Rob Ford’s controversies, spanning from speaking to the public while intoxicated in a street fair to buying illegal drugs, is in an indication of Rob Ford’s time to resign. Rob Ford is truly an enemy on his own through his comments to the public such as “we’re going to have to spank little tiger cat” (referring to the CFL playoff matchup between the Toronto Argonauts and the Hamilton Tiger Cats), and “It says I wanted to eat her p*ssy and I have never said that in my life to her. I would never do that. I’m happily married. I’ve got more than enough to eat at home” (referring to allegations made by his former staff).

 

https://www.youtube.com/watch?v=kNELBM8bPGE

Rob Ford has not only tarnished the city of Toronto, but has also put himself in a position to be ridiculed by literally every U.S. late-night TV program, including The Colbert Report, The Daily Show with Jon Stewart, Late Night with David Letterman, Jimmy Kimmel Live and, most recently, by SNL. With recent news that Toronto mayor Rob Ford is being stripped of his mayoral powers, he needs to step aside and let the City of Toronto begin to repair its reputation.

https://www.youtube.com/watch?v=_pc9RG0QTDA

http://www.theglobeandmail.com/arts/television/snl-takes-rob-ford-lampooning-to-new-heights-with-merciless-parody/article15476688/

http://www.latimes.com/nation/shareitnow/la-sh-rob-ford-timeline-20131115,0,4841717.story#axzz2kwQQUFjO

Georges St. Pierre: Life after the UFC

With possible retirement rumours surrounding George St-Pierre, a mixed martial arts legend and the Ultimate Fighting Championship (UFC) welter weight champion, the UFC may need to find a new star to replace arguably the most popular and profitable fighter in UFC history. St-Pierre has generated a minimum $5 million payday per fight through PPV revenue on top of bonuses for winning the fight, making him the best paid UFC star in history.


However, St-Pierre is carving out a brand for himself, or what could be called a plan for “life after fighting” through numerous endorsements from Under Armour, Coca-Cola, Electronic Arts, Bacardi, and many more partners. Furthermore, St-Pierre is also expanding his brand by releasing his book which covers his life story and training methods.

More importantly, St-Pierre is preparing to star in the film “Captain America: The Winter Soldier” as the villain, Batroc the Leader. This path of starring in new territory has been proven to be successful as former WWE star Dwayne Johnson carved out an impressive role in the film industry. Unlike other fighters, St-Pierre has carved out a new path for him that will prove to be far less dangerous to his body and could prove to be more profitable than fighting in the UFC.

http://www.forbes.com/sites/kurtbadenhausen/2013/11/16/how-georges-st-pierre-makes-12-million-a-year/

http://sports.yahoo.com/news/georges-st-pierre-lands-role-172616048–mma.html

The student debt: how fresh graduates struggle to deal with it

Many students going through post-secondary have to take a student loan to cover tuition and other expenses. When students graduate from their respective post-secondary institutions, they

are saddled with a large debt that collected interest even while still studying. The accumulated interest not only adds an extra burden on the student but also causes a setback to start saving up for a home. Moreover, as a fresh graduate earning a meager salary, how can one start paying for large expenses with an already large accumulated debt?

The solution?

Fresh graduates need to find a ways to save money or make more money, such as giving up a gym membership, owning a car, getting a part-time job on the weekend, or not eating out. A way that students can save is also by using tuition credits to get annual tax refunds or reduce employer source deductions. These savings add up over time to help pay off the large debt.

http://www.thestar.com/business/personal_finance/2013/11/17/she_earns_37000_while_struggling_with_60000_debt.html

In response to James Sanjaya Liauw’s post: Let’s make a switch.

James’s blog post has highlighted the idea of companies making the switch from producing cigarettes to producing e-cigarettes (e-cigs). He highlights that e-cigs are healthier than regular cigarettes, which could benefit the producers and the consumers. However, the cost to completely overhaul its production lines and rethinking its strategy is one that is too costly and risky. On the other hand, I struggle to see how cigarette companies benefit from making the switch, unless there is no demand for regular cigarettes, and a huge market for e-cigs.

I do agree with his list of the benefits and will expand on that. According to a study recently done by Carl Phillips, an epidemiologist and former professor at the University of Alberta, e-cigs are “99% less harmful than smoking”. Not only have e-cigs helped people quit smoking, it is also a cheaper alternative, as the e-cig kits range in price from $30 to as much as $100. A 30-millilitre bottle of e-liquid, which might last a pack-a-day smoker a month, can cost around $15 to $20.

I believe that the e-cigarette industry will eventually surpass regular cigarettes while simultaneously becoming a self-financing public-health revolution that could make billions of dollars.

http://business.financialpost.com/2013/11/16/how-e-cigarettes-have-become-a-very-wild-west-industry-in-canada/

In response to Shing Tze Woo’s post: Trump Tower in Vancouver

Shing Tze’s blog post highlighted the benefits of the beautifully designed Arthur Erikson Trump Tower in Vancouver. The Trump Tower will provide services such as private jet services, and chauffeur-driven Rolls Royce Ghost models for transportation to the residents of the Trump tower. Shing Tze also lays out the benefits to the economy, such as creating more jobs opportunity, creating a landmark, as well as attracting tourism, which I disagree with.

While I support the Trump Tower in Vancouver, there are enormous risks to such a luxurious real estate development in a cash strapped financial market. An example would be the Olympic Village that has been saddled with an enormous amount of litigations and headaches for the local municipality. Consumers also need to look further into the ongoing problems at the Trump Tower in Toronto, which has struggled to sell and close in on deals.

All negativity aside, I truly believe that if developers TA Global and Holborn Holdings can overcome and achieve success in sales, this project will be truly amazing. The tower is also tribute to the late Arthur Erikson as it was his last project.

http://www.vancitybuzz.com/2013/09/rolls-royce-chauffeurs-and-private-jets-for-trump-tower-vancouver-residents/