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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March 6, 2015

 

In 2013 CEO compensation at the nation’s largest companies grew to 204 times higher than the salary of the average worker, a 20 percent increase since 2009. But the enormous wages paid to American executives is far from the only financial perk they receive. Along with inflated salaries, CEOs also enjoy lucrative retirement plans that can see them net tens of millions at the end of their careers.

For instance, Gregg Steinhafel recently stepped down as CEO of Target Continue reading

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December 10, 2014

When Michael Garrity founded CommunityLend in 2010, he thought his company was in a perfect position to capture an untapped market. After all, the 2008 financial crisis made many banks wary of lending too much cash, presenting a golden opportunity to non-traditional operations like CommunityLend. Plus, the company’s peer-to-peer model was the first of its kind in Garrity’s home country of Canada, marking a major advantage for the startup.

Despite these benefits, though, CommunityLend had trouble finding qualified borrowers for Continue reading

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July 14, 2014

For millions of people around the world, social media is a vital tool for everyday life. However, there are millions more who don’t have a Twitter handle or even a Facebook account. These mostly middle-aged or older absentees simply didn’t get swept in the social networking tide like so many others. To retirees, remaining unfamiliar with the subtle workings of a service like Instagram is not a huge loss. But for managers at many companies, social media skills are becoming Continue reading

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October 15, 2013

Wal-Mart became the world’s largest retailer by keeping margins low on everything, including employee compensation. For the Florida-based grocer Publix, however, keeping staff motivated through strong financial incentives is a recipe for success rather than instability. Publix’s net margins of 5.6 percent trounce Wal-Mart’s 3.8 percent, making it the most profitable grocery chain in the nation. With $27.5 billion in sales, it’s also the largest employee-owned company in America. Staffers control 80 percent of the company thanks to a policy Continue reading

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October 11, 2013

The hierarchical structure of modern corporate offices can be traced back to 19th century railroad companies. With vast networks of track stretched across the country, transportation magnates needed to designate clear lines of communication among their far-flung operations. A system of middle managers and regional executives eventually rose to prominence and ensured that things ran smoothly. Over the course of the 20th century, businesses of all stripes adopted this top-down structure as their own, eventually leading to the Continue reading

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July 15, 2013

Throughout Pepsico’s history, one thing has remained constant: the company’s flagship soft drink has always played second fiddle to chief competitor Coca-Cola. Known by name by billions throughout the world, Coke is not only the gold standard of soft drinks, but of branding in general. Although Pepsi and its umbrella of products certainly command a fair market share, Coca-Cola’s continued worldwide dominance is all but assured at this point.

Except in Russia, that is. Pepsi was one of the first Continue reading

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July 12, 2013

 

First days on the job tend to be stressful. Not only must fresh hires learn the names of a litany of new colleagues, they may also be required to endure often boring orientation sessions. In corporate environments especially, these standardized introductory rituals teach new hires to tone down their own personalities in order to conform to the company’s way of doing things. While this is likely an efficient way to acclimate employees to the job, new studies show that Continue reading

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April 5, 2013

swissWhen the credit crisis hit in 2008, much of the public’s ire fell on the Wall Street executives who earned enormous salaries as the financial system crumbled. Legislators and activists demanded that the country’s corporations revert to more reasonable pay packages, especially those companies who received government bailouts. Nearly five years later, however, little has been done to curb outsized executive compensation. Well, at least in the U.S.

Switzerland, on the other hand, recently voted for legislation that aims to Continue reading

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March 20, 2013

yarnAs long as there are offices, there will be conflicts between management and staff. Still, no business can hope to succeed without a successful working relationship between these two occasionally combative entities. Managers will always need motivated employees to work hard and achieve the company’s goals, and employees will always need managers to set those goals and pay them for their efforts to meet them. Indeed, this seeming imbalance of power is why some staffers inevitably come to resent their Continue reading

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