Business

We all know that innovation is key to long-term business survival and success, and yet most companies don't proactively manage it. You can quickly assess your own level of "innovation management maturity" by answering the following questions: Have you clearly and precisely articulated the type of innovation that you seek and shared that information with your partners and employees? Have you defined the exact criteria you would use to evaluate competing proposals for innovation? Do you have a clearly defined process for harvesting, evaluating, developing, and implementing innovative ideas? Are employee roles and responsibilities for innovation defined? Do you have a budget for innovation, or at least a general sense of what you could/would spend if...
2,459
Dear Valued Customers: Recent developments in the North American sodium sulfate market have impacted supply volumes for the remainder of 2014 and 2015 and have led to an increased early demand for our sodium sulfate production. Due to this, Saskatchewan Mining and Minerals Inc. (SMMI) is announcing, effective immediately, a $30USD-per-short-ton increase in both packaged and bulk deliveries of sodium sulfate on all volume that is currently not under contract for 2014 and 2015. SMMI expects to be fully sold out of production through 2015. While we are anticipating being sold out, we are still committed to you and to seeing that your needs are met as we work together through this market. To that end, we will focus on renewal business exclusively through November 17, 2014. Your...
2,506
Dear Customer, So glad you like the stuff! We do make great toothpaste and laundry detergent and we really appreciate your loyalty. We’re really glad the food is good and the car works well. But, we’re worried about you. The fact is, we don’t know why you buy, and we don’t know what the triggers are. We would love to figure that out. TrustedHonestly, we don’t mean to stand in your way and trick you into clicking on stuff, but if we didn’t we’d have no idea how we would get our products in front of you. You’re wiley. You make erratic decisions. Sometimes you buy from the end cap, and other times you don’t. How are we supposed to interpret that data? If we could find a way to know what your intent was and when you were ready to buy, we would be happy to get out of your way and maybe...
1,836
Dear Customer, So glad you like the stuff! We do make great toothpaste and laundry detergent and we really appreciate your loyalty. We’re really glad the food is good and the car works well. But, we’re worried about you. The fact is, we don’t know why you buy, and we don’t know what the triggers are. We would love to figure that out. TrustedHonestly, we don’t mean to stand in your way and trick you into clicking on stuff, but if we didn’t we’d have no idea how we would get our products in front of you. You’re wiley. You make erratic decisions. Sometimes you buy from the end cap, and other times you don’t. How are we supposed to interpret that data? If we could find a way to know what your intent was and when you were ready to buy, we would be happy to get out of your way and maybe...
1,860
Yesterday, Rolls-Royce confirmed its plan to launch a new SUV, ending months of speculation since CAR first broke the story back in March 2013. The annoucnement came in the most unusual of fashions: in an open letter from management. Here we republish the letter in full. Click here to read why CAR contributor-in-chief Gavin Green believes a Rolls-Royce SUV is just plain wrong. How Rolls-Royce announced its 2018 SUV 'The launch of Phantom in 2003 marked the beginning of the renaissance of Rolls-Royce Motor Cars. Since then, we have set a new benchmark for what a super-luxury car should be – unique, hand-crafted, beautiful and rare. Often imitated, Phantom has never been equalled and continues to be hailed as ‘The Best Car in the World’ by our customers and media alike. 'Twelve...
2,167
RBC has been in the news this week in a way no company ever wants to be. The recent debate about an outsourcing arrangement for some technology services has raised important questions. While we are compliant with the regulations, the debate has been about something else. The question for many people is not about doing only what the rules require - it’s about doing what employees, clients, shareholders and Canadians expect of RBC. And that’s something we take very much to heart. Despite our best efforts, we don’t always meet everyone’s expectations, and when we get it wrong you are quick to tell us. You have my assurance that I’m listening and we are making the following commitments. First, I want to apologize to the employees affected by this outsourcing arrangement as we...
1,921
Dear Mayor Murray, Let me start off by stating that I commend you. You’ve made a huge and very courageous move regarding fair wages. Thanks for stepping up. Before I continue, you need to know a few facts about me. 1. I am not a member of the International Franchise Association. As a matter of fact, I’m not very well liked by the IFA’s upper echelon. I don’t generally agree with their views on well, just about everything. In other words, I’m not a shill. 2. I’m an independent franchise ownership advisor. I advise prospective franchise business owners-from all over the US on how to carefully choose and research franchises. 3. I started the first-ever blog solely focused on franchising…way back in 2006. You’re on that blog now. 4. I write about franchising for several...
6,708
When Yasmin Alibhai-Brown (20 January) laments the rich, she is seemingly oblivious that by her own country’s standards she is rich, and by developing countries’ standards fantastically rich. According to the Fraser Institute’s Economic Freedom of the World report, the income earned by the poorest 10 per cent of individuals in economically free societies ($11,610) is almost twice the average GDP per capita of people living in the least free nations ($6,253). If you are poor, the best place to be is in economically free societies such as Britain, as opposed to despotisms such as Zimbabwe, the Republic of Congo, and, increasingly, my home country of South Africa. We see millions trying to escape countries controlled by overbearing states to seek refuge in the richest and the most...
3,924
Mr. John Martin CEO, Turner Broadcasting Dear Mr. Martin: I was alarmed to read about your plans to start 2015 as a leaner, more nimble company. This sounds like downsizing over the holiday season, which disappoints me as a job market enthusiast and saddens me as an Atlanta resident. First and foremost though, I am a problem solver, and therefore moved to contact you with urgency. I can tell you how to fix the Turner family of networks. Here’s where to start: Fix TruTV TruTV's online Crime Library has (for years) had a cult following. The Library offers quality non-fiction to those of us who can’t pull the trigger on a novel, but love to stumble into a page turner. The CL is also a decent research tool—its well-organized narrative format stands out in a WWWeb oversaturated...
3,557
Should South African Universities open up Business Incubators? The issue of creating Business Incubators has been highlighted as the surest way of making small businesses succeed. The phenomena is not new at all. It swept America and most of the western world in the last 10 years and in smaller pockets some many years past. However, the new wave of Incubators have swept the South African Universities and most universities in Africa are waking up to this. There has been fierce resistance from academics who have always held the flag of “publish or perish”. The traditional universities have been more resistant to this new breed of thinking, while the technical universities warmed up to this new territory of creativity to which they are most familiar. Technical universities in South...
2,465

Pages