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[VIDEO] How NFL Stadiums Are Engineered to Maximize Profit

February 14, 2025

For decades, American stadium designers aimed to pack as many spectators into a space as safely as possible. In recent years, though, amenities like upscale concession stands and luxury boxes have become increasingly important to the financial health of American sports venues. This video looks at how the Superdome in New Orleans was rebuilt to make as much money as possible, from streamlined snack bars and walking paths to pricey club seating and suites.

Questions:

Why are modern stadiums Continue reading →

Marketing, Operations Management, Product Development, Sports, Entertainment, Pricing, Product Distribution, Supply & Demand, Stadiums

Chapter 1: Taking Risks and Making Profits, Chapter 2: Economics, Chapter 9: Production and Operations Management, Chapter 13: Marketing, Chapter 14: Product and Price, Chapter 15: Distribution, Chapter 16: Place and Promotion, Bonus Chapter B: Technology and New Media, Videos

Disney Vacations Feel Financially Out Of Reach for Many Families

February 12, 2025

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When Walt Disney built his world-famous theme parks, he envisioned them as affordable places for families to spend full days together in the dreamlike world of animated movies. In fact, one executive in the 1980s who tried to raise the price of parking by one dollar met stiff resistance from people who claimed the idea ran counter to Disney’s vision for The Happiest Place on Earth. Over time, though, prices rose steadily with inflation, until the COVID-19 pandemic brought everything Continue reading →

Marketing, Product Development, Promotions, Entertainment, Pricing, Disney, Product Distribution, Theme parks

Chapter 1: Taking Risks and Making Profits, Chapter 4: Ethics and Social Responsibility, Chapter 13: Marketing, Chapter 14: Product and Price, Chapter 15: Distribution, Chapter 16: Place and Promotion

Google Corrects Its AI Super Bowl Ad Before the Game

February 10, 2025

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This year, AI firms flocked to buy Super Bowl commercials, hoping to make a huge splash about their new products in a cost-effective way. A 30-second spot during Super Bowl LIX cost about $8 million, which may seem like a lot to pay for a short ad. Given that the massively popular game drew in more than 200 million viewers, however, a commercial’s cost-per-viewer actually amounts to less than a nickel. It’s incentives like these that motivated Google to use Continue reading →

Marketing, Ethics, Product Development, Sports, Entertainment, Advertising, Product Distribution, Super Bowl, AI

Chapter 1: Taking Risks and Making Profits, Chapter 4: Ethics and Social Responsibility, Chapter 13: Marketing, Chapter 14: Product and Price, Chapter 15: Distribution, Chapter 16: Place and Promotion, Bonus Chapter B: Technology and New Media

Waffle House Adds 50-Cent Surcharge for Eggs

February 7, 2025

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The breakfast chain Waffle House is famous for serving customers a cheap and hearty breakfast at any time of day. In fact, the 24-hour eatery is so reliable and affordable that emergency officials use it as an informal gauge for judging severe weather: if the area Waffle House is closed, then the natural disaster must be extremely severe. But one thing the famously dependable chain couldn’t predict is soaring egg prices, which have driven it to add a 50-cent Continue reading →

Marketing, Ethics, Pricing, Supply chains, Product Distribution, Restaurants, Waffle House, Food & Drink

Chapter 1: Taking Risks and Making Profits, Chapter 4: Ethics and Social Responsibility, Chapter 9: Production and Operations Management, Chapter 13: Marketing, Chapter 14: Product and Price, Chapter 15: Distribution

Costco Hopes Pay Deal Will Avert Strike By Teamsters Union

February 4, 2025

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Costco, the warehouse club famous for bulk items and cheap hot dogs, is trying to avoid what would be its first-ever employee strike. The Costco Teamsters union, which represents 18,000 workers, threatened to stop working after January 31 unless the company raised wages and benefits to reflect inflation. With only a few hours left before the strike was scheduled to start at 56 stores across six states, Costco reached a tentative agreement with the union over the weekend. Now it’s Continue reading →

Motivation, Ethics, Unions, Labor Relations, Retail, Strikes, Costco

Chapter 1: Taking Risks and Making Profits, Chapter 4: Ethics and Social Responsibility, Chapter 10: Motivation, Chapter 11: Human Resource Management, Chapter 12: Labor Management and Unions, Chapter 14: Product and Price

[VIDEO] Insurance Adjusters Assess the Damage from LA Fires

January 31, 2025

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The devastating wildfires that have raged in the Los Angeles area will result in an estimated $250 billion in economic losses, making it one of the costliest natural disasters in American history. The video below looks at how private insurance adjusters assess the damage done to LA homes, and the tough choices that many homeowners now face.

Questions:

What service do private insurance adjusters provide for homeowners?
What are some challenges that homeowners will face as they attempt to rebuild after the fires?

Personal Finance, Ethics, Insurance, Crisis management, Natural Disasters, Risk Management, Home ownership

Chapter 1: Taking Risks and Making Profits, Chapter 4: Ethics and Social Responsibility, Bonus Chapter C: Managing Risk, Bonus Chapter D: Personal Finance, Videos

Sellers Charge Thousands for Smartphones Preloaded With TikTok

January 28, 2025

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TikTok turned its service back on for U.S. users after a 12-hour shutdown earlier this month, but the popular video-sharing platform is still blocked from American app stores while it faces legal uncertainty. That means people can’t download or restore the app if it gets deleted. As a result, unlocked cell phones that come preloaded with the popular social media video-sharing app have become a hot commodity on resale sites like Ebay and Facebook Marketplace. In many cases, sellers are Continue reading →

Global, Ethics, Social Media, Product Development, China, Smartphones, Product Distribution, Supply & Demand, TikTok

Chapter 1: Taking Risks and Making Profits, Chapter 2: Economics, Chapter 3: Globalization, Chapter 4: Ethics and Social Responsibility, Chapter 14: Product and Price, Chapter 15: Distribution, Bonus Chapter B: Technology and New Media

Fake Online Reviews Become More Common with AI

January 22, 2025

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When online reviews first started in the late 1990s, shoppers used them to compare their purchases with each other instead of relying on the seller’s description or an expert recommendation. Directory sites like Yelp and Trustpilot grew their user bases by incentivizing contributors to leave authentic reviews for restaurants, doctors, and just about any public-facing business. But online reviews created a new problem: fake reviews. Businesses hired brokers to recruit people to write false reviews — either positive ones to Continue reading →

Marketing, Ethics, Entrepreneurship, Social Media, Product Distribution, Artificial Intelligence, AI, Product reviews

Chapter 1: Taking Risks and Making Profits, Chapter 4: Ethics and Social Responsibility, Chapter 6: Entrepreneurship, Chapter 13: Marketing, Chapter 14: Product and Price, Chapter 15: Distribution, Chapter 16: Place and Promotion, Bonus Chapter B: Technology and New Media

[VIDEO] Prisoners Fight L.A. Fires for Less Than $2 an Hour

January 17, 2025

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For weeks, the Los Angeles area has been battling enormous fires that have caused billions of dollars in damage while thousands of residents evacuate. Along with a large force of professional firefighters, California prison laborers are also taking on the blazes for a chance to shave some time off their sentences. They also receive some compensation, often just a couple dollars an hour. This short video shows incarcerated individuals at work actively fighting fires as well as performing routine maintenance Continue reading →

Motivation, Operations Management, Ethics, Labor Relations, Compensation, California, Crisis management, Natural Disasters

Chapter 1: Taking Risks and Making Profits, Chapter 4: Ethics and Social Responsibility, Chapter 9: Production and Operations Management, Chapter 10: Motivation, Chapter 11: Human Resource Management, Chapter 12: Labor Management and Unions, Videos

Federal Lawsuit Accuses Ticketmaster of Live Music Monopoly

January 14, 2025

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Pop superstar Taylor Swift completed her Eras Tour in 2024, ending a two-year global phenomenon that became the highest grossing tour of all time. Eras was Swift’s first tour since COVID-19, and its economic impact was such a drastic change from lockdown that financial analysts started calling it the “TSwift Lift.” And even though the tour has come to a close, it could still have a gargantuan cultural impact in 2025 as the U.S. Department of Justice sues Ticketmaster, the Continue reading →

Marketing, Ethics, Promotions, Entertainment, Music, Legal, Product Distribution, Monopolies, Supply & Demand, Antitrust, Ticketmaster

Chapter 1: Taking Risks and Making Profits, Chapter 2: Economics, Chapter 5: Forms of Business Ownership, Chapter 13: Marketing, Chapter 14: Product and Price, Chapter 15: Distribution, Chapter 16: Place and Promotion, Bonus Chapter A: Business Law

[VIDEO] How NFL Stadiums Are Engineered to Maximize Profit

Federal Lawsuit Accuses Ticketmaster of Live Music Monopoly

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