Description: Nokia, once the leading maker of mobile phones, had abandoned the mobile phone business in 2013 after selling its handset business to Microsoft; however, Nokia’s CEO, Rajeev Suri, indicated that Nokia may well be planning a comeback. Source: BNN Date: August 10, 2015 Text Link: http://www.bnn.ca/News/2015/8/10/Back-to-the-future-Nokia-prepares-for-mobile-comeback.aspx Questions for Discussion: Why did Nokia exit the… Read more »
Posts Tagged: Growth/Diversification Strategies (pp216-217)
HBC set to open new stores
Description: Despite the increasing number of retailers that have recently shut shop, Hudson’s Bay Company is betting big on retail stores. It is opening seven Saks full-line luxury department stores in Canada, in addition to 25 Saks Off Fifth sores. Source: BNN Date: June 03, 2015 Video Link: http://www.bnn.ca/News/2015/6/3/HBC-bets-big-on-retail-bricks-and-mortar.aspx Questions for Discussion: 1. In… Read more »
Apple Working on an Electric Car
Description: Apple Inc. is pushing its team to begin manufacturing of an electric car by 2020. Apple seems set to get in to direct competition with Tesla Motors Co. and General Motors Co., who are scheduled to roll out their electric car costing less than $40,000 by 2017. Source: Business News Network Date: February 20,… Read more »
Coca-Cola in to milk business
Description: Coca-Cola, a company synonymous with pop and junk food brands, is getting in to the dairy business: it is rolling out a new brank of milk, which the company says has much more protein and much less fat and sugar than the other milk brands in the market. Source: CBC Date: November 26, 2014… Read more »
Southwest Airlines looking to expand its flights to Canada
Description: In a move that could shake the airline industry in Canada, the low-cost airline carrier Southwest airline plans to expand its services to U.S.–Canada routes. This will put pressure on Air Canada, Westjet and Porter airlines to bring down their prices. Source: BNN Date: July 26, 2014 Video and Text Link:http://www.bnn.ca/News/2014/7/26/Southwest-eyes-northern-push-threatening-Air-Canada-WestJet.aspx Questions for Discussion:… Read more »
Canadians Buy More Companies Abroad Than They Sell
Description: There has often been huge debate on whether a foreign firm should buy a large Canadian firm; however, Canadian companies have been on a buying spree—they have bought more foreign firms in the past decade than the number of Canadian firms that have been sold to foreign firms. Between 2004 and 2013, Canadian firms… Read more »
New CIBC Tim Hortons double double visa card
Description: CIBC and Tim Hortons launch a new visa card. A $100 spent through this card will allow customers a cash back of $1 that they can only use at Tim Hortons. The card also comes with a new push button technology. Source: CBC Date: July 2, 2014 Link:http://www.cbc.ca/player/News/Business/ID/2470507795/ Questions for Discussion: Will this card… Read more »
Magna Expands its International Presence
Description: Magna is a leading automotive parts supplier with more than 130,000 employees and plants located across 29 different countries. Magna’s CEO, Don Walker discusses his company’s international expansion strategy and the difficulties it faces in growing markets like Russia and China. Source: CBC Date: May 16, 2014 Video Link:http://www.cbc.ca/player/News/Business/ID/2457428909/ Questions for Discussion: Discuss the… Read more »
Tim Hortons set for massive expansion
Description: Tim Hortons plans to open 500 new restaurants in Canada and 300 in the U.S. in its new five year plan—this will increase its outlets by nearly 18 percent. Source: CBC Date: Feb 25, 2014 Video Link: http://www.cbc.ca/player/News/Business/ID/2439551808/?page=5 Questions for Discussion: Appraise Tim Hortons five year expansion plan? Compare Tim Hortons strategy with that… Read more »
Facebook buys WhatsApp for an astounding $19 billion.
Description: In a major deal, Facebook has bought an instant chat service WhatsApp for an astounding $19 billion US. This is a tremendously high price for a recent startup company. Source: CBC Date: Feb 20, 2014 Link: http://www.cbc.ca/player/News/Business/ID/2438554742/ Questions for Discussion: How will you defend Facebook’s purchase of WhatsApp for $19 billion? What are the underlying… Read more »
