Yesterday, a TV station based in Oklahoma (Griffin Communications) gave every employee $500 cash in appreciation. The only reason given for this was that the company is doing very well and wanted to reward their employees for their work. This action was confirmed by the VP of marketing. There are similarities between this case and … Continue reading
Clearly Contacts and…Shoes?
Sean Clark is partnering with his former employer, the CEO of Coastal Contacts Inc. (which runs ClearlyContacts.ca) to build up an online shoe-selling business (ShoeMe.ca). The CEO invested in Clark’s business which wishes to ‘disrupt the shoe market in a similar fashion’ to what ClearlyContacts.ca has accomplished. He noted that in Canada there were no … Continue reading
Facebook – Has their reign truly come to an end?
Recently, Facebook shares have suffered and the social media site’s popularity is beginning to decrease, with users moving to newer medias like such as Twitter. There has been an increase of negative views, and people are starting to lose interest/hope in it. A short time ago, Facebook offered to buy Snapchat (the photo app) for … Continue reading
From Coffee to Tea
There has been an increasing trend in Canada for tea, which is leading to a growing market in the industry. Take Starbucks as an example. Last year, they used over $600 million to gain 300 Teavana stores, 59 of which were located in Canada. More recently, Starbucks opened its first Teavana tea bar, located in … Continue reading
Business Women
As a historically patriarchal society, women have had a past of being seen as not as competent as men, at least in fields like science and business. There was this notion that they were more suited to being housewives than anything else. True, in modern times this is not the case. Women are becoming distinguished … Continue reading
Retirement
USA : The circumstances for retirees are changing – a significant number of companies have ended their health benefits for their retirees and/or have increased their premiums. Retirees’, whether from recently times or decades ago, find that their positions are no longer secure. Since 1997, there has been a decrease of more than 10% in … Continue reading
Twitter’s Potential
According to a brokerage firm, Twitter Inc’s share price has to potential to nearly double within its first year as a listed company. In fact, this brokerage has issued a “buy” rating for the company before the service is even public. Analyst Robert Peck believes that the stock will float at around $30 per share, … Continue reading
BlackBerry being sold? Perhaps there is hope.
Shares for BlackBerry Ltd. rose on Monday in both Canada and the United States, after rumors of possible interest from ‘strategic buyers’ accompanying an upgrade on their stock from “underperform” to “neutral” (by Kevin Smithen). Reportedly, the company is talking with Cisco Systems, Google Inc., and SAP about selling parts or all of itself and … Continue reading
Resale across borders: Pirate Joe’s
Judge Marsha Pechman recently dismissed a lawsuit filed by the U.S. shop Trader Joe’s against a Canadian imposter, Pirate Joe’s. Pirate Joe’s is a store based in Kitsilano, Vancouver which resells products from Trader Joe’s shops across the border. The ruling stated that “all alleged infringement takes place in Canada and Trader Joe’s cannot show … Continue reading
Business Ethics: Corruption and Bribery within Multinational Companies
Many multinational companies have found themselves caught off guard by the implementation of harsher laws against corruption in ‘high-risk’ countries, stricter enforcement of said laws, and extensive anti-bribery laws in large countries like the US. Over a third of companies, a significant amount, fail to include clauses prohibiting such behavior (on behalf of the firm) … Continue reading