December 1, 2016

MinisterieVanIn order to start a successful company, entrepreneurs must be willing to take charge and lead with authority. After all, founding a business requires hard work and a clear vision, and entrepreneurs need plenty of both if they want to succeed. But what happens once a startup grows into a mature company? By that stage, the founder is far from the only focal point: managers, outside investors and other stakeholders will also want to have their say about the company’s Continue reading

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November 8, 2016

JustgrimesNo matter which candidate you support, it’s safe to say that the 2016 presidential election has been absorbing to watch. According to many executives, however, that’s been a bad thing for business. In a recent study conducted by Bloomberg, more than 500 corporations blamed their poor performances on the presidential race or some form of “political uncertainty.”

In fact, even the NFL claims that obsession with the election has led to a drop in viewership. Ratings for Monday Night Continue reading

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October 18, 2016

LindsayHolmwoodThe grisly nature of the meat industry practically ensures that the business will never be pretty. Still, conditions in a slaughterhouse can always get worse if management marginalizes their workforce. According to the global development agency Oxfam America, that’s precisely what’s happening at a number of U.S. poultry plants. In facilities owned by big names like Tyson, Perdue and Pilgrim’s Pride, workers complained that superiors regularly denied them bathroom breaks. Some even reported wearing diapers while working on the line. Continue reading

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October 10, 2016

BobBAs of this writing, Hurricane Matthew is currently roaring up the Carolina coast. (Hopefully anyone from the area reading this post is doing so in a safe, relatively dry place.) Federal and state officials flooded social media and television urging residents to evacuate the area before the cyclone hit land. Nevertheless, some people ignored their warnings and stayed put. In most cases, the diner chain Waffle House would be among these stubborn stragglers. The company has an official policy in Continue reading

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September 29, 2016

BobnjayFor the past few weeks the business world has been buzzing with outrage over the Wells Fargo banking scandal. Executives at the company likely hoped the worst was over after getting hit with a $185 million fine for allowing such widespread fraud to occur. But as Senator Elizabeth Warren showed last week, regulators and commentators are far from finished with the company. During a hearing with Wells Fargo CEO John Stumpf in front of the Senate Banking Committee, Senator Continue reading

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July 28, 2016

For years, CEOs at large corporations have attracted the public’s anger due to the exorbitant salaries that many executives earn. Companies counter these complaints by explaining that high-level employees only make their millions if they perform well on the job. After all, the stock options and bonuses that often form the bulk of CEO pay only become available once the company clears a certain set of financial benchmarks. This supposedly gives executives more incentive to do a good job since Continue reading

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March 29, 2016

At many large corporations, top executives earn as much as 80 percent of their salaries from performance-based bonuses. The idea is that CEOs will be more likely to do a good job if the company rewards them for success, such as increasing quarterly earnings or raising share prices. According to a new study from the London Business School, however, this widely accepted strategy might not be as effective as many companies think.

First of all, the study argues that contingent Continue reading

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February 17, 2016

At big tech companies like Google and Facebook, employees enjoy a range of benefits that have become almost as famous as the companies themselves. From free smoothies and snacks to complimentary massages, these perks are meant to fulfill the basic needs of staffers so that morale and productivity remain high. In fact, tales of these benefits have reached so far that many workers today would prefer them to increased wages. According to a recent survey by job-listings website GlassDoor, 79 Continue reading

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July 11, 2015

The online shoe retailer Zappos has always set out to be an innovative employer as well as a successful business. Along with quality benefits and perks, CEO Tony Hsieh grants his staff the freedom to do their jobs according to their terms. In fact, recently the Zappos boss put a radical new corporate structure into place that eliminates all traditional managers or job titles. Instead of a traditional hierarchy, employees now work in “circles” that encourage more collaboration and agility. Continue reading

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March 12, 2015

These days, any office must have a unified communications system in place in order to compete. Years ago this could have been accomplished by installing a series of linked landline phones with conference call capabilities. Now, however, services like Google Voice allow users to ditch their landlines and receive calls directly on their smartphones. Companies currently spend as much as $75 billion per year on Internet voice systems. This figure is expected to increase as disruptive startups take unified communications Continue reading

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