As governments around the world start to loosen their restrictions and attempt to restart their economies, they are drawing a “road map” to re-open businesses and schools that were closed during the last few weeks of the COVID–19 pandemic.
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As governments around the world start to loosen their restrictions and attempt to restart their economies, they are drawing a “road map” to re-open businesses and schools that were closed during the last few weeks of the COVID–19 pandemic.
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With all the doom-and-gloom talk about recession, depression, skyrocketing unemployment, not to mention mass contamination and the deaths of thousands of seniors, little is said about large corporations that are doing well during these difficult times. So, who are the winners and losers?
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The Coronavirus pandemic has taken the world by surprise in a progressive manner, as governments realized little by little the growing real threat it represents. All the media, including social media, are firing on all cylinders with bad news every day. The result is that people are afraid, stressed and worried not only about now but what the future may hold.
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I have been a loyal customer and fan of Volkswagen since I purchased my first Beetle in 1975. Throughout my first career that took me to Italy, Brazil and France, I drove mostly VW cars. Needless to say, I was very disappointed when I learned about the company’s diesel-emissions controversy in 2015.
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In the past year a number of senior executives of large public companies, including CEO’s, have been fired or were forced to resign for sexual harassment or misconduct. A year ago, Google said that 48 of its employees had been terminated for sexual misconduct. The CEO’s of Barnes & Noble, HP and Warner Brothers were all in the news for similar incidents. The latest is the CEO of McDonald’s who recently resigned over an affair with an employee. While the relationship was consensual, the company’s board said this violated company policies and demonstrated poor judgement.
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Labour Day is an annual holiday celebrated in many countries for the achievements of workers. In Canada, we celebrate Labour Day on the first Monday of September which usually corresponds with back-to-school and the unofficial end of summer. In business though, Labour Day is a good reminder for executives and managers as to where their results are vs. budget.
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Franchising is a form of business by which the owner of a product or service (Franchisor) provides a second party (Franchisee) a licensed privilege to do business using the Franchisor business model in exchange for certain fees and agreement to follow a specific recipe.
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I prefer to describe Work-Life Balance (WLB) as Life-Work Balance (LWB) because we work to live; we do not live to work. I suspect the term WLB must have been invented by a workaholic, as it puts work ahead of life. I am not playing with words, but I do see a difference between the two ways of describing the balance between our personal lives and our work priorities.
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My first job in Canada was a waiter, and I remember when tips were the most important part of my income. We were paid minimum wage, but the weekly wages were supplemented with the gratuity from customers. The gratuities were distributed and paid according to a set percentage for all the staff of the restaurant which included the kitchen staff and dinning-room staff.
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There is an eternal debate about Short Term vs. Long Term. But how do you achieve a balance between both, and what can you do when you work for a corporation that lives and dies by quarterly results?