Glo – Successful and Authentic from Africa

African telecommunications operator, Glo, was titled one of the five best brands in Africa. Credits: http://www.techcabal.com/and-the-price-of-bis-comes-crashing-down-courtesy-globacom/

Recently, Globacom (or Glo) was given the title of one of the five best brands in Africa. Glo delivers telecommunication services to its consumers across several countries in Africa including Nigeria, Ghana and Benin Republic. However, the scales of its operations was not the reason it was given this title. Its true value came from its social contributions on top of the profit it generated after 10 years of service.

Glo was a company that did not only focus on delivering services. It actively engaged in developing the communities around it. For example, sponsoring awards to African footballers, promoting heroic behavior in different fields, investing in music reality TV broadcasts and enriching the lives of Africans through a variety  of telecasts on TV.

Furthermore, Glo contributed heavily to building telecom infrastructure, linking cables with the rest of the world in order for Africans to be informed of the happenings in the entire globe. Consumers admire that Glo is taking the world stage, representing Africa’s authenticity and unique culture.

In my opinion, Globacom is a perfect example of a both successful and socially responsible organization.  It has set up a strategy to profit while helping the entire African society grow. It’s sponsorships and its investments not only allow consumers to access information more quickly and easily, the telecommunications company can also profit from consumers using the services they have constructed. This mutual relationship it has established makes it higher profitable, sustainable and well recognized. This company positively influences society and spreads the unique African collectivism and unity.

Credits: “Glo Emerges One of Africa’s 5 Biggest Brands | Business News | Peacefmonline.com.” RSS. N.p., n.d. Web. 16 Nov. 2013.

Way to Go Sauder Grad!

Credits: http://www.victoriaexplorer.com/events/dragons-den-auditions-in-victoria-feb-2-2013/

Dustin Sproat,  a recent graduate from the Robert H. Lee Graduate School of the Sauder School of Business, is now on his way to become a real entrepreneur after his presentation made in the popular show, Dragon’s Den, that scored him $250,000 and a powerful business partner that previously shaped Boston Pizza, Jim Treliving,

Sproat and his team developed an app named Shnarped which allows downloaded users to understand more about hockey players, game information, statistics and even allows the users to send a message or response to the games. The name and idea originated from a card game that was often played by hockey players while traveling between games.

Shnarped on Dragon’s Den Credits: http://www.theprovince.com/technology/grad+hockey+wows+Dragons/9109251/story.html

Dustin Sproat and his team was very surprised when all five dragons were willing to pitch in for his business offer, which was 10% of the company in exchange for $100,000 of investment. Evidently, these business sharks see a lot of potential in Sproat’s business and is hoping to profit from a being a part of this.

This action undertaken by Sproat and his team is a direct correlation to the fundamental basis of entrepreneurship, which is to courageously find ways for the business to sprout alive, in this case, even when it means being questioned or humiliated by a group of business experts in front of the entire world watching on television.

Sproat and his team was confident in their app, they knew this app is missing from the daily lives of Canadians, but most importantly, despite being tremendously nervous to face the dragons, they overcame the anxiety and cowardice which are the main barriers blocking passionate entrepreneurs today.

Credits: “The Province.” www.theprovince.com. N.p., n.d. Web. 16 Nov. 2013.

Watch Where You Sit

Credits: http://www.chinadaily.com.cn/china/2007-09/11/content_6096611.htm

This post is a comment on Francis Ching’s blog post: “The Chair Exploded…”

The original post can be found on http://blogs.ubc.ca/francisching/

In COMM101, a frequent topic discussed was business ethics. Successful businesses are often those who profit while contributing social benefit to society, for example, Lululemon which offers free yoga classes. If a business produces products that consumer cannot even trust or the quality of these products can cause harm to its consumers, it is a surprise if the business can even sustain.

I nearly jumped out of my chair when I read through Francis Ching’s post on the chair that exploded in China and nearly killed a young girl the age of 24. How can anyone possibly imagine that one minute you are sitting comfortably drying your hair while the next, you are sent to hospital, blood all over the place and several doctors trying to remove steel pieces from your body in order to rescue your life!

Having no bias against products produced in China, as it is understandable that competition is especially high as firms face a range competitors and indeed many of the items we use daily are produced in China due to its relatively cheaper labor costs, it is still a major ethical issue present in today’s Chinese businesses when they face a tradeoff between quality and quantity as well as between safety and profitability.

To this point I must agree with Francis that the government should at least outline higher safety standards and more strict supervision on business operations. Otherwise, competition will only drive more businesses to head the wrong route and as consumers, then they really need to watch where they sit, especially when this is not the first time it has happened.

Don’t They Want Their Money Back?

Video: China mocks U.S. as default looms

Can also be found: http://www.youtube.com/watch?v=SXpZBn4O1LI

They won’t answer no matter how hard you knock!
Credits: http://www.davegranlund.com/cartoons/2011/07/15/china-and-us-debt/

From the video watched in class, the western civilized countries of Europe, the United States and even Canada are facing an enormous national debt. Governments face increasing annual deficits that cannot be obtained from the amount of tax revenue it collects. Year by year, the budget deficit accumulates and thus in order for government and businesses to function, the governments rely on borrowing money from other countries to cover their expenses through the distribution of government bonds. Visibly in Europe, countries borrow and lend wealth from each other, though conscious that they are unlikely to expect returns. When the stability finally collapsed, all the countries were immediately sucked into this tornado.

In the case of the United States, they have a national debt of more than $17 trillion dollars owed to multiple countries, notably China and Japan amongst many other lesser contributors. Therefore, the United States can be analyzed as being owned by China and Japan, which if China decides to exchange the bonds it had purchased for immediate wealth, the United States would bankrupt. Yet what is preventing China to collect its debt and why is China still buying bonds?

The reality is that China relies on America to purchase the goods China made. If the United States bankrupts, its citizens would no longer have money to purchase Chinese goods. In turn, billions of Chinese employees would suffer unemployment and threaten political and economical stability in China. Unfortunately, the Chinese can only keep buying U.S bonds to ensure their citizens are still working and their own economy is still growing.

A Lasting Phone Would Destroy A Lasting Company

This post is a comment of Logan Lan’s blog post: Good things aren’t made to last. His original post can be located on http://blogs.ubc.ca/loganlan/.

In the past few years, Apple’s Iphone series greatly contributed to its success. It’s popularity and its market position as mentioned by Logan, seemed appealing to twenty-first century consumers. Being an apple fan myself, I simply enjoyed navigating the Apple’s  iOS operating system compared to the Android system used across almost every other brand that produced smartphones. In past years, Apple have released a new Iphone available to consumers every year, which many of Apple’s loyal consumers abandoned their current Iphone for a newer version simply to keep themselves on trend, especially when technology is evolving at such a rapid pace.  Their previous Iphone did not break, nor malfunction, but a new Iphone’s release pressured them to purchase the updated phone despite only minimal changes have been made, such as that 0.1µ additional pixel mentioned by Logan to that same camera on the same top left corner on the back of every Iphone made.

I agree with Logan once we take on Apple’s marketing prospective. Apple relied on its loyal consumers to throw away their old phones and constantly purchase Apple’s new phones, thus their phones were not designed to last. Had they produced a lasting phone that outran its competitors even if they had the technology to do so, profit figures would tell them otherwise. Undoubtedly, Apple’s current strategy is keeping it in profitable condition years into the future and its loyal consumers can look forward to trashing more phones until they stop getting enticed by the bait on the hook.

New Iphone releases after a series in past years. Credits: http://gizlogy.com/apple-iphone-generations-time-line/

Unappealing Canadian Costs

The local Canadian online retail business, Betty Be Good, now aims to locate to Blaine, U.S instead of opening a boutique within Canadian borders. Credits: http://www.vancitybuzz.com/2013/09/betty-be-good-boutique-expands-to-store-in-u-s/

It really is not a surprise when a Canadian entrepreneur, Suzanne Smith, who owns the e-commerce Betty Be Good which sells retail clothing online, is now deciding to have a boutique shop in Blaine, Washington in the United States instead of Vancouver, Canada, where she is currently residing.

As an entrepreneur starting out a business, he or she must think of costs and try to minimize it for greater profit. Unfortunately, Canada just happens to be less attractive to business owners when they must consider the cost of rent, generally 2.5 times more than the rent of our neighbor state of Washington, U.S. By selling her products in the U.S, the savings would allow her to reduce prices and thus permit higher sales volumes.

Smith is amongst many other entrepreneurs who are seeking to profit from the enormous amount of Canadians who travel down the border to purchase cheap groceries and gas. Her parents closed down multiple Subway restaurants in Surrey to the U.S and is now experiencing incredible returns.

This is simply a trend that is affecting Canadians today. Canadians enjoy the cheaper goods available in the U.S market, while this action can be  threatening to our local businesses while they cope with the high costs of operating in Canadian soil. As Canadian citizens, we hope that our economy can prosper and grow, but if businesses cannot survive in this profit discouraging environment, the result is likely higher Canadian unemployment in the near future.

Credits: “Vancitybuzz.” Vancity Buzz Vancouver Events News Food Lifestyle and More. N.p., n.d. Web. 15 Nov. 2013.

Long lineups at the Peach Arch border. Credits:   “Dec. 27: Traffic Light, except at the Borders | The Province.” The Province Dec 27 Traffic Light except at Theborders Comments. N.p., n.d. Web. 15 Nov. 2013.