March 10, 2017

UBS-Reinvents-WorkSpaceOver the years, Silicon Valley startups have become famous for developing open work spaces free of personalized desks or big corner offices. The idea is to allow employees to gather together and collaborate rather than leave them enclosed in their cubicles. While other companies avoided this unconventional approach at first, more firms have switched to open offices as the concept has become more popular. Still, these companies have tended to be smaller operations as many big businesses remained skeptical that Continue reading

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March 9, 2017

SwedishSoftwareCompany-wo-CEOThree years ago, the staff of the Swedish software consulting firm Crisp felt it was time for a change in leadership. The company had been recently experimenting with its upper management structure, going from a standard CEO model to one that replaced the top executive annually through a staff vote. Then, a radical idea took root in the minds of Crisp’s employees. “We said, ‘what if we had nobody as our next CEO – what would that look like?’” said Continue reading

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March 7, 2017

LisaNottinghamIn recent years, many companies have sought to create work environments that place a heavy emphasis on collaboration. With flattened hierarchies and open door policies, these workplaces give employees easy access to managers and other top performers. The system is meant to improve office efficiency by allowing staffers to receive unique advice that makes their jobs easier.

But while regular employees can have their workloads lightened, managers quickly become overwhelmed by overly collaborative workplaces. After all, executives who spend much Continue reading

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February 28, 2017

GlobalPanoramaFor 82 years, the accounting firm PwC (formerly PricewaterhouseCooper) has tallied the votes and handed out the envelopes at the Academy Awards. Although it’s not the company’s most lucrative contract, the Oscars are nevertheless one of the crown jewels of PwC’s clientele. Not only does the awards show give the firm a marketing boost, but it also acts as evidence for PwC’s ability to handle situations in the spotlight smoothly.

But as anyone who watched Sunday night’s broadcast knows, that Continue reading

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February 23, 2017

cafecreditdotcomFormed in 2011 with the passage of the Dodd-Frank financial reform act, the Consumer Financial Protection Bureau aims to keep citizens safe from unfair or deceptive practices by businesses. One of the ways the government organization accomplishes this task is by maintaining a database of complaints made by consumers against companies. And people have certainly taken advantage of this service since its creation two years ago. In that time, the CFPB has received more than 700,000 complaints aimed primarily at Continue reading

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February 16, 2017

KurtisGarbuttWhen Whole Foods launched in 1978, organic grocery stores were a unique concept for most of the country. As Americans became more health conscious, though, the Austin-based chain eventually expanded into an empire of 469 stores across three countries. In fact, the future for Whole Foods looked so bright that last year the company announced it would add 1,200 stores in the U.S.

But as 2017 arrived, the company’s long term outlook became far less optimistic. Now Whole Foods says Continue reading

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February 3, 2017

Yahoo launched in the early days of the Internet and quickly became one of the most popular sites in the world. At its height, the news and search site was valued at more than $100 billion. Last month, though, Verizon bought Yahoo for $4 billion, completing the final stage of the company’s long decline. This video tells the story of Yahoo’s fall from the pinnacles of Silicon Valley success.

Questions:

 

  1. What lessons can other tech companies learn from Yahoo’s Continue reading
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January 31, 2017

WilliamMurphyFor years American Apparel seemed poised to become the next big fashion brand. Their simple but bold cotton clothing and suggestive advertisements catapulted the company to a $1 billion valuation in 2007. A decade later, however, American Apparel filed for bankruptcy and sold its assets to a Canadian firm for just $88 million. Along with shuttering its 110 stores, the company also lost its famed garment factory in Los Angeles.

This production facility was one of American Apparel’s best assets Continue reading

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January 17, 2017

TorbakhopperRunning a small business takes a huge amount of work, so it’s not surprising that some entrepreneurs are more than happy to sell their companies if the right offer comes around. And according to data-tracking site BizBuySell, nearly 8,000 businesses did exactly that in 2016. This represents the largest number of small firms sold in a single year since data started getting collected in 2007.

But that doesn’t mean these companies were in financial trouble and needed outside buyers to Continue reading

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December 15, 2016

KenTeegardinIn 2010 the median salary for the 200 highest-earning executives in the U.S. topped out at nearly $10 million. Just five years later, though, that number doubled to almost $20 million. Meanwhile, researchers at the Economic Policy Institute found that CEOs in 2013 earned more than 300 times the salary of average workers. For comparison, in 1965 chief executives brought in just 20 times more pay than their average employees.

To combat this increasing inequality, last week government administrators in Continue reading

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