Bank of Canada slashes interest rate to 0.5 per cent

Posted by & filed under Environment, Management, Video Report.

Description: Stephen Poloz, Bank of Canada governor, cut the key interest rate from 0.75 to 0.5 per cent. This triggers the perception that the economy is in turmoil. Source: Toronto Star Date: July 15, 2015 Video Link:  http://www.thestar.com/business/2015/07/15/bank-of-canada-cuts-interest-rate.html Questions for Discussion: Why has Stephen Poloz decided to cut the rate? How will the cut rate… Read more »

Canadian dollar dips to its lowest level since 2009

Posted by & filed under Environment, Management, Video Report.

Description: The Canadian dollar dipped to its lowest level since March 2009: it dropped below 77 cent against the U.S. dollar.  This drop follows Bank of Canada’s decision to cut its interest rate to 0.5 per cent. Source: CBC Date: July 17, 2015 Link: http://www.cbc.ca/news/business/canadian-dollar-dips-below-77-cents-for-first-time-since-2009-1.3157570 Questions for Discussion: Discuss the factors causing the Canadian dollar… Read more »

Kraft and Heinz to Merge

Posted by & filed under Change, Environment, Management, Operations Management, Organizational Change, Strategy, Video Report.

Description: In a major development in the food industry, Kraft Foods Group and Heinz Co. are merging their operations to create a single company with $28 billion in revenue. Warren Buffet proclaimed to play a role in setting-up the merger. There seems to be a major shake-up on the cards for the packaged food business…. Read more »

Future Shop Closes Stores

Posted by & filed under Change, Environment, Management, Strategy, Technology, Video Report.

Description: Future Shop, a consumer electronic retail giant, is closing its stores, resulting in 1,500 job losses. Future Shop is closing 66 stores immediately, and the remainder 65 will turn into Best Buy outlets. Source: CBC Date: March 28, 2015 Video and Text Link: http://www.cbc.ca/player/News/Business/ID/2661222339/ Questions for Discussion: What are the reasons for this closure? Why are… Read more »

Wal-Mart spending $1 billion for pay increase

Posted by & filed under Change, Compensation & Benefits, Human Resource Management, Management.

Description: With support from CEO Doug McMillon, Wal-Mart has initiated a pay increase for its employees. Wal-Mart intends to spend $1 billion to support this pay increase, which will include increasing hourly pay to at least $9 by April and $10 by next February. Source: Business News Network Date: February 20, 2015 Link: http://www.bnn.ca/News/2015/2/20/How-Wal-Marts-CEO-came-to-support-a-1-Billion-pay-increase.aspx Questions… Read more »

Bombardier bring in a new CEO

Posted by & filed under Change, Control, Decision Making, Leadership, Management, Video Report.

Description: In a move to halt the falling fortunes of Bombardier, the board of directors have replaced their CEO, Pierre Beaudoin, with an outsider, Alain Bellemare. Pierre Beaudoin will now be the Chairman of Bombardier in place of his father. Source: CBC Date: February 12, 2015 Video Link: http://www.cbc.ca/player/News/Business/ID/2653563918/ Questions for Discussion: What were the… Read more »

Bombardier in stormy skies

Posted by & filed under Global Management, Management, Strategy, Video Report.

Description: The Montreal-based transportation giant, Bombardier Inc., is facing one of the biggest challenges in its 73-year history. Under severe attack by global competitors, Bombardier is facing a cash crunch. Source: Business News Network Date: February 07, 2015 Video Link:http://www.bnn.ca/News/2015/2/7/Stormy-skies-Bombardier-flies-a-risky-flight-path.aspx Questions for Discussion: What are some of reasons for the cash crunch faced by Bombardier?… Read more »

Senior Target managers get large cash payout but no such payouts for front-line workers

Posted by & filed under Compensation & Benefits, Ethics, Leadership, Management.

Description: Target, which recently decided to close all its stores in Canada, will give out a large cash payout to its senior managers, however, there’s no such payout for its 17,000 front-line workers. Source: CBC Date: January 24, 2015 Link: http://www.cbc.ca/news/business/top-target-canada-managers-get-big-cash-payouts-as-stores-close-1.2930064 Questions for Discussion: Provide a rationale for why Target is giving a large cash… Read more »

After Scotiabank, RBC too will lay off employees

Posted by & filed under Change, Environment, Global Management, Management, Strategy, Video Report.

Description: Following in the footsteps of Scotiabank, Royal Bank of Canada announced that its shutting down its international client-wealth-management business in the Caribbean along with some businesses in Canada and the United States. This will likely impact 300 employees. Source: Financial Post Date: November 21, 2014 Video and Text Link: http://business.financialpost.com/2014/11/20/rbc-restructuring/ Questions for Discussion: What are… Read more »

CEOs make big bucks on corporate mergers and acquisitions

Posted by & filed under Compensation & Benefits, Human Resource Management, Leadership, Management.

Description: Although studies have increasingly found that big mergers and acquisitions do not necessarily create wealth for shareholders, however, these big takeovers create tremendous payouts for CEOs who are selling their companies. CEOs of top 10 U.S. companies that were recently sold made an estimated $430 million. Source: CBC Date: November 21, 2014 Link: http://www.cbc.ca/news/business/big-takeovers-mean-big-bucks-for-bosses-report-finds-1.2844440… Read more »