Bonus Chapter B: Technology and New Media - McGraw-Hill Introduction to Business

Shortening Commercial Breaks with Six-Second Ads

August 31, 2017

After years of skipping television advertisements with DVRs, many Americans have little patience for commercial breaks. And although ads are largely unavoidable during live programming like sporting events or award shows, that doesn’t mean people are paying attention. Oftentimes viewers will fiddle with their smartphones or simply tune out completely while commercials are rolling. This is bad news for companies who pay big bucks to advertise during high-rated time slots.

In an effort to get people watching ads on TV Continue reading →

Sports, Entertainment, Television, Advertising, Marketing, NFL, Fox

Chapter 1: Taking Risks and Making Profits, Chapter 13: Marketing, Chapter 14: Product and Price, Chapter 15: Distribution, Chapter 16: Place and Promotion, Bonus Chapter B: Technology and New Media

Bitcoin Users Become Targets for Hackers

August 22, 2017

NickelsMcHughMcHugh

When Bitcoin launched in 2008, a single unit of the mysterious cryptocurrency was worth just a little more than half a cent. Bitcoin’s value remained under a dollar for years afterward, leading many to wonder why anyone would invest in a strange new currency that couldn’t be controlled by any government or company. Besides being seemingly worthless, Bitcoin also operated through a decentralized network of computers whose owner was impossible to verify. This anonymity extended to Bitcoin’s users as well, Continue reading →

Innovation, Currency, Security, Smartphones, Ethics, Mobile, Cyberattack, Bitcoin

Chapter 1: Taking Risks and Making Profits, Chapter 2: Economics, Chapter 4: Ethics and Social Responsibility, Chapter 18: Financial Management, Chapter 20: Money and Financial Institutions, Bonus Chapter B: Technology and New Media

[VIDEO] The Death and Life of Helicopter Commuting

August 18, 2017

NickelsMcHughMcHugh

Instead of waiting in traffic, what if you could hop in a helicopter and commute to work in a matter of minutes? For a brief period in the 1970s people could do just that on New York Airways, a helicopter shuttle service that ferried folks around the city for as little as $5. Although a tragic accident quickly put an end to the industry, this video shows how advancements in technology could possibly allow helicopter shuttle companies to make a Continue reading →

Drones, New York City, Ethics, Commuting, Product Development, Transportation

Chapter 1: Taking Risks and Making Profits, Chapter 4: Ethics and Social Responsibility, Chapter 6: Entrepreneurship, Chapter 14: Product and Price, Bonus Chapter B: Technology and New Media, Videos

American Movie Theaters Struggle After Weak Summer

August 8, 2017

NickelsMcHughMcHugh

Last week we looked at how Netflix has loaded on debt while developing a new slate of original content. Although the streaming giant is taking a big risk with this strategy, many entertainment industry insiders still think Netflix is in a much stronger position than traditional movie theaters. With attendance down 3 percent from 2016, AMC Entertainment recently downgraded its outlook for the rest of the film industry’s year. The announcement sent theater stocks tumbling and caused the top four Continue reading →

Marketing, Product Distribution, Global, Movies, Entertainment, China, Netflix

Chapter 1: Taking Risks and Making Profits, Chapter 3: Globalization, Chapter 13: Marketing, Chapter 14: Product and Price, Chapter 15: Distribution, Bonus Chapter B: Technology and New Media

Big Companies Start to Leave the Suburbs

August 3, 2017

NickelsMcHughMcHugh

Over the course of four decades, more than 80,000 people have learned how to become McDonald’s managers on the the leafy grounds of Hamburger University. The company long considered this 86-acre Oak Brook, Illinois, institution to be the perfect place to train employees while also attracting top-level executives. Then last year McDonald’s surprised staff by announcing the company would move its headquarters out of the suburbs and into the West Loop of Chicago.

Located near an “L” train stop and Continue reading →

Innovation, McDonald’s, Hiring, Management, Illinois, Motivation, Headquarters, Caterpillar

Chapter 1: Taking Risks and Making Profits, Chapter 4: Ethics and Social Responsibility, Chapter 7: Management & Leadership, Chapter 10: Motivation, Chapter 11: Human Resource Management, Bonus Chapter B: Technology and New Media

Netflix Piles on Debt to Create Original Content

August 1, 2017

NickelsMcHughMcHugh

Since launching 20 years ago, Netflix has transformed from a DVD-by-mail service into the undisputed king of streaming video. The company now has more than 104 million subscribers across the world, a 25 percent increase since last year and quadruple the number of customers from 2012. On any given evening in North America, Netflix streaming accounts for more than a third of all download Internet traffic. The company’s lineup of original shows and movies are also a hit with critics Continue reading →

Entertainment, Innovation, Netflix, Streaming, Television, Financing, Debt, Product Development

Chapter 1: Taking Risks and Making Profits, Chapter 2: Economics, Chapter 7: Management & Leadership, Chapter 13: Marketing, Chapter 14: Product and Price, Chapter 15: Distribution, Chapter 18: Financial Management, Bonus Chapter B: Technology and New Media

Startups Look to Disrupt the Wedding Industry

July 26, 2017

NickelsMcHughMcHugh

As the sudden closing of Alfred Angelo Bridal shows, dealing with weddings can be unpredictable and continuously frustrating even on the business side. But the financial rewards are vast for those who manage to navigate this volatile sector successfully. The wedding industry earned $58 billion in revenue in 2016 and is expected to bring in $63 billion by 2021. The average wedding now costs $26,500 as couples spend generously over the year or so that they spend planning the big Continue reading →

E-commerce, Weddings, Product Development, Innovation, Entrepreneurship, Startups

Chapter 1: Taking Risks and Making Profits, Chapter 5: Forms of Business Ownership, Chapter 6: Entrepreneurship, Chapter 9: Production and Operations Management, Chapter 13: Marketing, Chapter 14: Product and Price, Chapter 15: Distribution, Bonus Chapter B: Technology and New Media

[VIDEO] Blue Ocean Strategy Explained

July 21, 2017

NickelsMcHughMcHugh

When starting a new business, many entrepreneurs opt to enter an established industry so they can know what to expect. At the same time, however, these markets are packed with fierce competitors who must vie with one another for their piece of the pie. The most fortunate entrepreneurs avoid cutthroat industries and create new markets based on previously unknown consumer demands. The video below looks at how this “blue ocean strategy” can ensure long-term dominance for innovative companies.

Questions:

Can Continue reading →

Entertainment, Marketing, Blue Ocean Strategy, Entrepreneurship, Cirque du Soleil

Chapter 1: Taking Risks and Making Profits, Chapter 2: Economics, Chapter 6: Entrepreneurship, Chapter 9: Production and Operations Management, Chapter 13: Marketing, Chapter 14: Product and Price, Bonus Chapter B: Technology and New Media, Videos

Musicians Pile Pressure on YouTube for Streaming Revenue

July 20, 2017

NickelsMcHughMcHugh

As sales from CDs and digital downloads continue to decline, streaming platforms like Spotify and Apple Music have become vital to the $7.7 billion music industry. Still, there’s one major streaming service that both executives and musicians alike have long despised. While it’s mostly known for video, YouTube accounts for 25 percent of all music streamed across the globe. This makes it by far the most popular streaming site among fans, a fact that industry insiders find increasingly troubling.

Services Continue reading →

Copyright, Entertainment, Ethics, Pricing, Streaming, Music, Spotify, YouTube, Product Development

Chapter 1: Taking Risks and Making Profits, Chapter 2: Economics, Chapter 4: Ethics and Social Responsibility, Chapter 13: Marketing, Chapter 14: Product and Price, Chapter 15: Distribution, Bonus Chapter B: Technology and New Media

Learning about Business by Selling Slime

July 18, 2017

NickelsMcHughMcHugh

Along with being a summertime staple, the neighborhood lemonade stand also represents the classic image of young entrepreneurship. In today’s interconnected world, though, ambitious kids have even more options at their disposal if they want to run a business. And while selling lemonade is certainly a refreshing way to earn a dollar, some have turned their attention to a far less appetizing but still lucrative option: slime.

This sticky substance has been fascinating young social media users for years. Unlike Continue reading →

Fads, Entrepreneurship, Social Media, Product Development, Education, YouTube

Chapter 1: Taking Risks and Making Profits, Chapter 6: Entrepreneurship, Chapter 13: Marketing, Chapter 14: Product and Price, Bonus Chapter B: Technology and New Media