Chapter 4: Ethics and Social Responsibility - McGraw-Hill Introduction to Business

Coronavirus Outbreak Could Have Major Economic Impact

January 31, 2020

Last week, the world learned that a deadly, fast-moving disease called the coronavirus had appeared in several Chinese cities. The mysterious illness has already killed more than a hundred people and infected thousands more, leading the World Health Organization to declare the coronavirus a global health emergency. Despite its potentially worldwide implications, though, right now the disease is primarily localized in China. Along with placing entire cities on quarantine, Chinese authorities have also extended the annual Lunar New Year holiday Continue reading →

Operations Management, China, Global, Health, Ethics, Crisis management, Human Resources, Coronavirus, Manufacturing

Chapter 1: Taking Risks and Making Profits, Chapter 3: Globalization, Chapter 4: Ethics and Social Responsibility, Chapter 7: Management & Leadership, Chapter 9: Production and Operations Management, Chapter 11: Human Resource Management

Food Delivery Services Anger Unsuspecting Restaurants

January 30, 2020

NickelsMcHughMcHugh

Last weekend during a busy dinner service, San Francisco restaurant owner Pim Techamuanvivit received a strange phone call. The caller wanted to know when the delivery he ordered through Seamless would turn up since he had already waited 45 minutes for it. “I think you must be confused, because I don’t do delivery,” replied Techamuanvivit. The frustrated person on the other line then asked why her business was listed on Seamless. Upon further investigation, Techamuanvivit discovered that both Seamless and Continue reading →

Entrepreneurship, California, Food & Drink, Grubhub, Seamless, Pricing, Operations Management, Legal, Ethics, Product Distribution

Chapter 1: Taking Risks and Making Profits, Chapter 4: Ethics and Social Responsibility, Chapter 6: Entrepreneurship, Chapter 9: Production and Operations Management, Chapter 14: Product and Price, Bonus Chapter A: Business Law, Bonus Chapter B: Technology and New Media

[VIDEO] Nike’s Vaporfly Running Shoe Causes Controversy

January 24, 2020

NickelsMcHughMcHugh

Last year, the Kenyan long-distance runner Eliud Kipchoge completed a marathon in under two hours, a feat that was once thought to be impossible. But along with his considerable athletic skills, Kipchoge also had help from a revolutionary new product: Nike’s Vaporfly running shoes. This video takes a look at the sudden dominance of the Vaporfly and how regulators could possibly ban the shoe if it proves to give runners too much of an advantage.

Questions:

Do you think Nike Continue reading →

Product Development, Sports, Marketing, Regulation, Global, Nike, Ethics, Footwear

Chapter 1: Taking Risks and Making Profits, Chapter 3: Globalization, Chapter 4: Ethics and Social Responsibility, Chapter 13: Marketing, Chapter 14: Product and Price, Bonus Chapter A: Business Law

New York Grocery Chain Fairway Files for Bankruptcy

January 23, 2020

NickelsMcHughMcHugh

In 1933 Nathan Glickberg opened a fruit and vegetable stand in Manhattan before eventually moving into a nearby storefront. His grandson Howie expanded the store in the 1970s, adding more groceries and specialty items as well as a new name: Fairway. In the years since, the store became a staple for many New Yorkers drawn by Fairway’s low prices and wide selection of quality products. Then in the early 2000s a private equity firm bought a controlling stake in the Continue reading →

Ethics, Bankruptcy, New York, Food & Drink, Forms of Ownership, Private Equity, Branding, Retail, Amazon, Marketing, Product Distribution

Chapter 1: Taking Risks and Making Profits, Chapter 4: Ethics and Social Responsibility, Chapter 5: Forms of Business Ownership, Chapter 13: Marketing, Chapter 14: Product and Price, Bonus Chapter A: Business Law

More than 1,600 CEOs Left Their Jobs Last Year

January 21, 2020

NickelsMcHughMcHugh

For many people in business, reaching the position of chief executive officer (CEO) means that they’ve finally made it to the top of their profession. And life is certainly sweet for most CEOs: Disney’s Bob Iger, for instance, took home nearly $50 million in compensation last year. But with all of that money and power comes great responsibility. If these top managers fail to live up to a company’s expectations, they might not get to enjoy their lofty positions for Continue reading →

Management, Ethics, Compensation, CEO, Company Culture

Chapter 1: Taking Risks and Making Profits, Chapter 4: Ethics and Social Responsibility, Chapter 7: Management & Leadership, Chapter 8: Organizational Culture and Structure

[VIDEO] Google and Amazon Are Now in the Oil Business

January 9, 2020

NickelsMcHughMcHugh

In recent years, many Silicon Valley tech firms have pledged to make sustainability a top priority. But as Amazon, Google, and Microsoft develop environmentally friendly operations, oil companies are also using their technology to extract more petrochemicals from the earth. The video below takes an in-depth look at the history of oil extraction and how modern tech companies are risking their reputations by getting involved with the fossil fuel industry.

Questions:

How does machine learning help tech companies become Continue reading →

Machine Learning, Amazon, Automation, Sustainability, Ethics, Silicon Valley, Oil, Google, Reputation, Microsoft, Fossil Fuels, Natural Resources

Chapter 1: Taking Risks and Making Profits, Chapter 4: Ethics and Social Responsibility, Chapter 9: Production and Operations Management, Chapter 13: Marketing, Bonus Chapter B: Technology and New Media, Videos

Americans Spent Big Online during the 2019 Holiday Season

January 7, 2020

NickelsMcHughMcHugh

The holiday season is the most important time of the year by far for the nation’s retailers, with many earning as much as 40 percent of their annual sales during that period. Fortunately for them, 2019’s holiday sales increased by 3.4 percent compared to the previous year. Retailers are especially relieved since Thanksgiving arrived six days later than it did in 2018, which took away crucial time that companies could have used to drive sales.

To make up for Continue reading →

Product Distribution, E-commerce, Shipping, Holidays, Promotions, Retail, Supply chains, Marketing, Transportation

Chapter 1: Taking Risks and Making Profits, Chapter 4: Ethics and Social Responsibility, Chapter 9: Production and Operations Management, Chapter 13: Marketing, Chapter 15: Distribution, Chapter 16: Place and Promotion, Bonus Chapter B: Technology and New Media

The Hallmark Channel Faces Backlash after Removing Ads

December 17, 2019

NickelsMcHughMcHugh

During December, the Hallmark Channel’s schedule is chock full of Christmas movies to keep the holiday spirit strong throughout the month. But last week the usually jolly TV network behaved more like Ebenezer Scrooge in the eyes of many fans and users on social media. The controversy began when Hallmark received a complaint from an advocacy group whose stated mission is to “fight against indecency.” The organization complained about four ads that featured same-sex couples from a wedding planning company Continue reading →

Branding, Marketing, Promotions, Ethics, Entertainment, Social Media, Television, Advertising, Crisis management, Hallmark

Chapter 1: Taking Risks and Making Profits, Chapter 4: Ethics and Social Responsibility, Chapter 7: Management & Leadership, Chapter 13: Marketing, Chapter 14: Product and Price, Chapter 15: Distribution, Bonus Chapter B: Technology and New Media

[VIDEO] The Vegan Economy Has Arrived

December 12, 2019

NickelsMcHughMcHugh

Although only 6 percent of the U.S. identifies as vegan, animal-free foods like meatless burgers and veggie-based snacks have exploded in popularity recently. This video looks at why the animal alternative market could grow into a $140 billion industry as consumers include more vegan foods in their diets.

Questions:

Why are more American consumers starting to supplement their regular diets with vegan foods?
What are the advantages and disadvantages of synthetic meat like the Impossible Burger?

Ethics, Food & Drink, Vegan, Impossible Burger, Product Development, Product Distribution, Marketing, Synthetic Meat

Chapter 1: Taking Risks and Making Profits, Chapter 4: Ethics and Social Responsibility, Chapter 13: Marketing, Chapter 14: Product and Price, Chapter 15: Distribution, Bonus Chapter B: Technology and New Media, Videos

European Protesters Target Amazon on Black Friday

December 3, 2019

NickelsMcHughMcHugh

Analysts at Adobe estimate that consumers spent more than $29 billion online last week between Thanksgiving and Cyber Monday. Although brick-and-mortar sales rose slightly as well, e-commerce sales surged to record highs as consumers increasingly turned to online retailers for their holiday shopping needs. In fact, experts predict that companies like Amazon earned as much as $9.4 billion on Cyber Monday alone.

But while Amazon enjoyed another successful start to the festive season in the U.S., the e-commerce giant Continue reading →

Global, Promotions, Ethics, Regulation, Amazon, Product Distribution, Black Friday, E-commerce, Strikes, Cyber Monday

Chapter 1: Taking Risks and Making Profits, Chapter 3: Globalization, Chapter 4: Ethics and Social Responsibility, Chapter 9: Production and Operations Management, Chapter 12: Labor Management and Unions, Chapter 14: Product and Price, Chapter 15: Distribution, Bonus Chapter A: Business Law, Bonus Chapter B: Technology and New Media