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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?
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Do you know that the Apollo 11 space capsule that landed men on the moon in 1969 had less computing power than your washing machine? Incredible as it may seem, it’s true.
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Successful companies have many common elements -- a well-communicated vision and mission, strong core values, trustworthy leadership, motivated and engaged human resources, good capitalization, and loyal clientele.
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The media has been covering the lawsuit filed by 86-year-old Frank Stronach against his 52-year-old daughter Belinda. Stronach, founder of auto parts MAGNA, is asking for the court to remove his daughter as head of the family company, giving him back control of the family business, The Stronach Group TSG and claims damages in the amount of $520 million.