Description: Volkswagen (VW) may have landed itself in a crisis that is unprecedented in modern memory. Their act of installing a device to mislead regulators will surely result in a massive number of litigations. Source: CBC Date: September 22, 2015 Video Link: http://www.cbc.ca/player/News/Business/ID/2675990932/?page=2 Questions for Discussion: Explain the sequence of events that led to VW’s crisis?… Read more »
Posts Categorized: Social Responsibility
Businesses to help migrants’ problems
Description: McDonald’s is leading the way to assemble corporations to raise money to ease the migrant crisis in Europe and the Middle East. McDonald’s will hope that this move will show its customers that it’s a responsible world citizen. Source: The New York Times Date: September 20, 2015 Text Link: http://www.nytimes.com/2015/09/21/business/media/mcdonalds-leads-corporate-effort-to-publicize-migrants-plight.html?ref=business&_r=0 Questions for Discussion: Should… Read more »
Companies find sneaky tactics to increase prices
Description: Consumers do not want to see price increases in grocery stores – So how do companies increase their prices without annoying the consumers? Instead of increasing price, companies reduce the size of the item without reducing the price or the packaging. Source: CBC Date: March 20, 2015 Video and Text Link: http://www.cbc.ca/player/News/Business/ID/2659792798/ Questions for… Read more »
Canada’s largest engineering and construction firm facing corruption charges
Description: Canada’s largest engineering and construction firm, Montreal based SNC-Lavalin, is accused of paying $47.9 million in bribes to Libyan officials. Source: CBC Date: February 19, 2015 Link: http://www.cbc.ca/player/News/Business/ID/2654817566/ Questions for Discussion: Explain SNC-Lavalin’s corrupt practices? How did these practices benefit SNC-Lavalin? Is bribery common in international business? How should the government reprimand SNC-Lavalin?
HSBC bank helped customers hide money
Description: HSBC, one of the largest banks in the word, helped some of its richest customers hide money, often illegally. The documents that were leaked named 1500 Canadians who had money hidden in HSBC. Source: CBC Date: February 09, 2015 Video Link: http://www.cbc.ca/player/News/Business/ID/2652797906/?page=2 Questions for Discussion: In this unique to one bank or is likely… Read more »
Google Glass – a product that failed to take off
Description: Google Glass, a device mounted on your eyeglasses that has a camera, processor and a computer screen, does not seem to have a market. Google has decided to push back the Google Glass roll out to the mass market Source: Financial Post Date: November 14, 2014 Link: http://business.financialpost.com/2014/11/14/google-glass-market/?__lsa=e829-e8e1 Questions for Discussion: What are your… Read more »
Canada Improves its Record on Bribery in Foreign Markets
Description: According to Transparency International, Canada has improved its record in combating corruption and bribery among Canadian companies that operate in foreign markets. Source: CBC Date: October 23, 2014 Video Link: http://www.cbc.ca/player/News/Business/ID/2568579479/ Questions for Discussion: Why is it important that Canada should more actively enforce its rules on combating corruption by its companies in foreign… Read more »
Alberta oilsands among the costliest energy projects in the world
Description: A new report by a London-based financial think-tank that focuses on climate risk ranked Alberta’s oilsands as one of the world’s costliest energy projects in the world; if the oil prices don’t rise, some of these projects could be cancelled. Source: Financial Post Date: August 15, 2014 Link:http://business.financialpost.com/2014/08/15/albertas-oil-sands-among-riskiest-energy-plays-in-the-world-report-says/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+FP_TopStories+(Financial+Post+-+Top+Stories)&__lsa=05b8-943d Questions for Discussion: How will this… Read more »
Supreme Court of Canada sides with Wal-Mart workers
Description: In an important decision, the Supreme Court of Canada ruled in favour of Wal-Mart workers in Quebec. In 2004, workers at the Wal-Mart store in Jonquière, Quebec, formed a union. Just before the first arbitration was to be carried out, Wal-Mart decided to close down the store, putting all the 190 people out of… Read more »
How Does Enbridge Move Ahead on the Northern Gateway Project?
Description: The federal government approved the Enbridge Northern Gateway project that involves laying crude oil pipelines across a length of 1,177 kilometers in Western Canada. However, for the project to go ahead, Enbridge needs to meet 209 conditions set by the federal government Source: CBC Date: June 17, 2014 Video Link:http://www.cbc.ca/player/News/Business/ID/2465601042/?page=2 Questions for Discussion: Do… Read more »
