Description: DETROIT (AP) — A tentative four-year contract with striking General Motors gives workers a mix of pay raises, lump sum payments and an $11,000 signing bonus. In return, the contract allows GM to proceed with factory closures in Lordstown, Ohio; Warren, Michigan; and near Baltimore. Source: MarketWatch.com Date: Oct 17, 2019 Link: https://www.marketwatch.com/story/auto-workers-celebrate-tentative-deal-with-gm-to-end-strike-2019-10-16?siteid=yhoof2&yptr=yahoo Questions for… Read more »
Posts Categorized: International Business
Description: Vancouver company says currently no orders planned from factory, which is owned by Korean firm Source: CBC.ca Date: Oct 15, 2019 Link: https://www.cbc.ca/news/business/bangladesh-factory-lululemon-1.5321405 Questions for discussion: What are the social issues and related problems facing companies like Lululemon, as highlighted in this report? How should management respond? What strategy should be taken to mitigate… Read more »
Description: How economies work has changed radically. So must economic policy Source: Economist.com Date: Oct 10, 2019 Link: https://www.economist.com/leaders/2019/10/10/the-world-economys-strange-new-rules Questions for discussion: Summarize the highlights discussed in this article. How do you think the restructuring process will play out?
Description: The General Motors -United Auto Workers strike drags on into day 26Friday—and the dispute is costing the company and its employees hundreds of millions of dollars. Against that backdrop, GM released a letter, sent to its employees Friday morning, encouraging its workers while urging the UAW to settle. Source: Barrons.com Date: Oct 11, 2019 Link: https://www.barrons.com/articles/gm-stock-gains-as-company-sends-striking-employees-a-letter-51570800112?siteid=yhoof2&yptr=yahoo Questions for… Read more »
Description: TODAY’s Donna Farizan sits down with YouTube star Dulce Candy Ruiz, who’s inspiring young women to embrace their own beauty. Ruiz opens up about living the American dream and sharing her life as a Latina, veteran and mom with viewers. (Created by TODAY with our sponsor, Ulta Beauty.) Source: NBC.com – video report Date:… Read more »
Description: Hyatt CEO Mark Hoplamazian joined me yesterday for a conversation with members of the Fortune CEO Initiative about programs to bring struggling young people into the work force. He began by referring to the “fallacy of full employment.” Source: Fortune.com Date: Oct 09, 2019 Link: https://fortune.com/2019/10/09/helping-young-people-into-the-workforce-ceo-daily/ Questions for discussion: Summarize the efforts made to help unemployed… Read more »
Description: The world’s largest brewer is making a big push for China and other parts of Asia — but it could prove challenging for Anheuser-Busch InBev to topple local beers that have long dominated their home markets. Source: CNBC.com Date: Oct 06, 2019 Link: https://www.cnbc.com/2019/10/07/budweiser-seeks-growth-in-china-vietnam-india-south-korea-beer-markets.html Questions for discussion: Why does this strategy make sense for the company?… Read more »
Description: Forever 21 Canada plans to begin liquidating its stores next week, pending court approval, and complete the process by November 30, according to documents filed with the Ontario Superior Court of Justice. Source: BNNBloomberg.com Date: Oct 04, 2019 Link: https://www.bnnbloomberg.ca/forever-21-canada-aims-to-start-liquidation-next-week-1.1326667 Questions for discussion: What are the reasons for the failure, according to the article?… Read more »
Description: At one of the world’s largest synthetic biology conferences this week, a food truck handed out papaya and yogurt samples to hundreds of attendees. The papaya wasn’t any ordinary papaya: It was a genetically engineered fruit that Dr. Dennis Gonsalves designed to be naturally resistant to the ringworm virus. Because of his invention, pesticide use dropped… Read more »
Description: Steve Easterbrook is giving the Golden Arches a data makeover, but franchisees are balking at the cost. Source: Bloomberg.com – video report Date: Sep 27, 2019 Link: https://www.bloomberg.com/news/features/2019-09-25/steve-easterbrook-wants-mcdonald-s-to-think-like-silicon-valley Questions for discussion: What is the new strategic thinking at McDonald’s? Why is it a hard sell to frnchisees?