From India with Money

Posted by & filed under Change, Communication, Entrepreneurship, Global Management, Individual Behavior, Management, Strategy.

Average household income of Canadian immigrants from India is $95,000 which is 14% more than average income of Canadians. The expenditure for Indians who have immigrated to Canada since 2006 have increased by 46%, compared to an average of 19% increase in the expenditure of Canadians. An average of 56% immigrants from India own new… Read more »

Canadian Business owners put their companies at risk by ignoring need for succession plan

Posted by & filed under Entrepreneurship, Planning.

As mentioned by the head of Business Transition Planning of CIBC, Sean Foran, small and medium businesses contributes $600 billion to Canadian GDP. With an average age of 60 years for Canadian small and medium business owners, and with almost two third Canadians employed by these owners, it is important for business owners to have… Read more »

Groupon’s new strategy to increase customer loyalty

Posted by & filed under Communication, Strategy.

Groupon is a firm that offers discounts to its customers by offering millions of deals on everything (meals, manicures etc.) through distribution of its coupons. Groupon’s daily deals are very popular, have the easiest reward programs and focuses on increasing customer loyalty. However, despite its increasing popularity Groupon hasn’t been profitable and instead, it has… Read more »

New Generation Entrepreneurs

Posted by & filed under Entrepreneurship.

The 2011 N.C. Governor’s Entrepreneurship summit was a two day event held to promote entrepreneurship in North Carolina. One of the panels was hosted by Donna Fenn, who is the author of the book “Upstarts”. The book speaks about the rise in entrepreneurs born between 1977—mid nineties (called Generation Y). The rise in role models… Read more »

RIM loses $3 billion in one day

Posted by & filed under Management, Strategy, Technology.

On the back of dismal second quarter results, in which RIM reported that its profit dropped 58 per cent to US$329 million and its revenue fell 15 per cent to US$4.2 billion, the Toronto Stock Exchange and NASDAQ saw massive selling of the RIM stock. On Friday alone, RIM lost $3 billion in its stock… Read more »