Regulation - McGraw-Hill Introduction to Business

Update: U.S. Grounds All Boeing 737 Max 8 Planes

March 14, 2019

On Tuesday we looked at how countries around the world responded to the tragic crash of Ethiopian Airlines Flight 302. Initial investigations showed similarities between this disaster and the crash of a Lion Air flight five months ago, which also involved a Boeing 737 Max 8 model jetliner. As a result, China and Indonesia almost immediately pulled the aircraft from use while countries like the U.K., India, and Egypt quickly followed suit. But not every country joined the international Continue reading →

Global, Ethics, Regulation, Transportation, Air Travel, Safety

Chapter 1: Taking Risks and Making Profits, Chapter 3: Globalization, Chapter 4: Ethics and Social Responsibility, Bonus Chapter A: Business Law

Boeing Faces Fallout after Tragic Plane Crash in Ethiopia

March 12, 2019

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On Sunday Ethiopian Airlines Flight 302 crashed shortly after take off, killing all 157 people on board. Although the cause of this tragedy will be under investigation for some time, many in the aviation industry were quick to blame the disaster on the model of aircraft used for the flight: the Boeing 737 Max 8. After all, this marks the second time within five months that this type of jetliner has crashed soon after taking off. In October a Lion Continue reading →

Global, Ethics, Regulation, Transportation, Air Travel, Safety, Reputation

Chapter 1: Taking Risks and Making Profits, Chapter 3: Globalization, Chapter 4: Ethics and Social Responsibility, Chapter 13: Marketing, Bonus Chapter A: Business Law

Philadelphia Passes Ban on Cashless Stores

March 8, 2019

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According to a recent Pew Research Center study, approximately 29 percent of Americans said that they don’t use cash for any purchases during a typical week. Instead, they depend on credit and debit cards as well as mobile payment apps like Apple Pay. These increasingly cashless consumers are becoming so common that some companies have stopped accepting paper and coin money for the sake of efficiency. For instance, in 2016 the salad chain Sweetgreen announced it was going cashless in Continue reading →

Operations Management, Ethics, Retail, Regulation, Legal, Product Distribution, Money, Cash

Chapter 1: Taking Risks and Making Profits, Chapter 4: Ethics and Social Responsibility, Chapter 9: Production and Operations Management, Chapter 15: Distribution, Chapter 20: Money and Financial Institutions, Bonus Chapter A: Business Law, Bonus Chapter B: Technology and New Media

McDonald’s Loses “Big Mac” Trademark in Europe

February 12, 2019

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With its signature stack of three buns and two beef patties covered in special sauce, there are few fast food items as famous as the Big Mac. That’s why over the years McDonald’s has tried to protect its flagship burger by pursuing legal action against any possible imitators. One of the company’s latest targets was Supermac’s, an Irish chain that sold a suspiciously similar sandwich called the Mighty Mac. Unfortunately for McDonald’s, though, this particular case didn’t go exactly as Continue reading →

Marketing, Global, Ethics, Product Development, Promotions, Fast food, McDonald’s, Regulation, Legal, Trademarks, Food & Drink

Chapter 1: Taking Risks and Making Profits, Chapter 3: Globalization, Chapter 4: Ethics and Social Responsibility, Chapter 13: Marketing, Chapter 14: Product and Price, Chapter 16: Place and Promotion, Bonus Chapter A: Business Law

CBO Says Government Shutdown Cost $11 Billion

January 29, 2019

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From December 22, 2018, up until last Friday, the federal government remained shut down due to a budget dispute between the White House and congressional Democrats. During the course of this 35-day shutdown, thousands of federal employees either worked without pay or were sent home until the government reopened. And according to a new report from the bipartisan Congressional Budget Office (CBO), the shutdown cost the U.S. economy an estimated $11 billion.

The report says that most of the lost Continue reading →

Economics, Operations Management, Ethics, Compensation, Regulation, Government shutdown, Legal

Chapter 1: Taking Risks and Making Profits, Chapter 2: Economics, Chapter 4: Ethics and Social Responsibility, Chapter 9: Production and Operations Management, Chapter 11: Human Resource Management, Bonus Chapter A: Business Law

Johnson & Johnson Must Pay $4.7 Billion in Talcum Powder Settlement

January 15, 2019

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Back in 2016 we took a look at the enormous legal fight surrounding talcum powder produced by Johnson & Johnson. At the time, a judge ruled that the company had to pay $72 million to a group of 60 plaintiffs who said they contracted ovarian cancer from using J&J baby powder. But that settlement was far from the end of the pharmaceutical giant’s problems as it continues to face thousands of talc-related lawsuits all over the country.

In fact, Continue reading →

Ethics, Regulation, Legal, Johnson & Johnson, Business reputation

Chapter 1: Taking Risks and Making Profits, Chapter 4: Ethics and Social Responsibility, Chapter 13: Marketing, Bonus Chapter A: Business Law

[VIDEO] The Future of Gaming: Your Data, Your Wallet

December 7, 2018

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The video game industry has grown into a global juggernaut. Last year, consumers around the world spent more than $100 billion on games, more than double the amount spent on movies. As this in-depth video shows, however, some video game companies have started to earn all that money by operating like casinos. From examining the business model of “loot boxes” to the ways that video games track customer data, this long but fascinating video provides an excellent assessment of an Continue reading →

Global, Ethics, Product Development, Entertainment, Pricing, Regulation, Product Distribution, Video Games

Chapter 1: Taking Risks and Making Profits, Chapter 3: Globalization, Chapter 4: Ethics and Social Responsibility, Chapter 13: Marketing, Chapter 14: Product and Price, Chapter 15: Distribution, Bonus Chapter A: Business Law, Bonus Chapter B: Technology and New Media, Videos

Why Video Games Can’t Use the Red Cross Symbol

December 4, 2018

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A couple of years ago, a pair of video game developers received a deeply worrying email from the British Red Cross. “It has been brought to our attention that in your game ‘Prison Architect’ a red cross emblem is displayed on vehicles,” read the email. “Those responsible may be unaware that use of the red cross emblem is restricted under the Geneva Conventions for the Protection of War Victims.” Little did the two developers know, but their placement of a Continue reading →

Global, Ethics, Entrepreneurship, Product Development, Branding, Entertainment, Regulation, Legal, Video Games, Red Cross

Chapter 1: Taking Risks and Making Profits, Chapter 3: Globalization, Chapter 4: Ethics and Social Responsibility, Chapter 6: Entrepreneurship, Chapter 14: Product and Price, Bonus Chapter A: Business Law, Bonus Chapter B: Technology and New Media

Amazon Chooses Two Cities for Its New HQ Locations

November 15, 2018

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Last year, Amazon announced that it would build a second headquarters somewhere in the United States. Known as “HQ2,” the project generated instant interest among dozens of cities that wanted to attract the e-commerce giant to their communities. After all, Amazon said the headquarters would bring in at least 50,000 high-paying tech jobs, which could have a significant economic impact anywhere in the country. Cities then offered generous benefits and tax breaks in an effort to woo the company. While Continue reading →

Motivation, Ethics, Human Resources, Regulation, Legal, E-commerce, Facility Location

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, Bonus Chapter B: Technology and New Media

Domino’s Fills Potholes in “Paving for Pizza” Promotion

November 8, 2018

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A few months ago, Domino’s began running a TV ad campaign centered on a pretty unusual premise. The commercials showed workmen filling potholes with asphalt which were then spray-painted with the Domino’s logo. “We don’t want to lose any great-tasting pizza to a pothole, ruining a wonderful meal,” read a press release about the campaign. Called “Paving for Pizza,” Domino’s encouraged Americans to contact the company if they wanted some roads repaired in their town free of charge.

“Within the Continue reading →

Marketing, Ethics, Promotions, Regulation, Transportation, Legal, Domino’s, Infrastructure

Chapter 1: Taking Risks and Making Profits, Chapter 4: Ethics and Social Responsibility, Chapter 13: Marketing, Chapter 16: Place and Promotion, Bonus Chapter A: Business Law