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Fifth Third CEO: Social Media Keeping Banks Honest

Fifth Third CEO: Social Media Keeping Banks Honest | Management and Politics | Scoop.it
With every action now being scrutinized in real time, banks don t necessarily need guidelines and mandates to know if they are doing right by customers and shareholders, Fifth Third CEO Kevin Kabat says at American Banker s Regulatory Symposium.
Ryan E Schwarz's insight:

The power of social media has become a vital tool for both good and bad.  Based on a variety of statistics, about 20%-30% of the world’s population is on some form of social media with Facebook carrying the most weight with 1.2 billion accounts worldwide.  As the world has watched, people are using social media to rise up and institute revolutions against oppressive governments.  As people have shown the power of social media, then business both big and small have to tread even very carefully not to do anything to create a revolt from social media.  Fifth Third Bank has realized this and even though the larger financial institutions have kept quiet, I am sure they are in agreement with the regard to the possible backlash from customers through social network.

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How Southwest Airlines Turns a Profit, Year After Year After Year

How Southwest Airlines Turns a Profit, Year After Year After Year | Management and Politics | Scoop.it
The airline industry is notoriously brutal.
Ryan E Schwarz's insight:

There is a great saying and a great acronym in business.  If it is not broken than don’t fix it and KISS (Keep It Simple Stupid).  Southwest, when it came into operation, looked at other airlines and studied what they did and how Southwest Airlines could make the world of flying a better experience for its investors and customers.  The planning, organization, design, and control of Southwest Airlines has made it one of the most profitable airlines as well as one of the strongest brands in one of the toughest market segments in the modern world.  In addition, many airline analysts have stated that if Southwest Airlines did come up with the current model, it would have been bought by another airline or would have never succeeded off the ground in the first place.

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Triple bottom line

Triple bottom line | Management and Politics | Scoop.it
The phrase “the triple bottom line” was first coined in 1994 by John Elkington, the founder of a British consultancy called SustainAbility. His argument was that...
Ryan E Schwarz's insight:

Ethics in business has become the major source of confusion, especially when it comes to multi-nationals.  However John Elkington has broken it down to three simple questions.  Profit, People, and Planet.  This simple concept is a way to clear the road of all debris and allows even the biggest multi-nationals to question if they are satisfying the Triple Bottom Line and if not where they can improve.

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Ryan E Schwarz's comment, November 4, 2013 8:57 PM
Ethics in business has become the major source of confusion, especially when it comes to multi-nationals. However John Elkington has broken it down to three simple questions. Profit, People, and Planet. This simple concept is a way to clear the road of all debris and allows even the biggest multi-nationals to question if they are satisfying the Triple Bottom Line and if not where they can improve.
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Apple’s new leader faces ethical dilemmas at Foxconn

Apple’s new leader faces ethical dilemmas at Foxconn | Management and Politics | Scoop.it
As Tim Cook picks up the leadership of Apple from Steve Jobs, he faces a significant ethical dilemma in Wuhan in a supplier's company where workers threaten suicide in protest over their working co...
Ryan E Schwarz's insight:

Apple, at times the most valuable company in the world, has always used Chinese companies to manufacture their products.  China has become the poster child for cheap labor and horrid working conditions.  Wal-Mart, the largest company in the world, has been on the receiving end of significant backlash for utilizing China’s factories to make cheap products.  Apple, sooner or later, is going to fact the ethical decision of: Working conditions of the factories they utilize, with enough publicity could damage their brand, or not to improve the working conditions to keep profit margins elevated which will continue to bring new investors to the company.

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Why Wal-Mart can't find happiness in Japan - August 6, 2007

Why Wal-Mart can't find happiness in Japan - August 6, 2007 | Management and Politics | Scoop.it
The world's largest retailer has spent more than $1 billion in Japan, but its Seiyu stores are struggling to overcome consumer apathy and employee distrust. Will it stay the course? Fortune's William J.
Ryan E Schwarz's insight:

In your book, The Wal-Mart Effect, you argue: Wal-Mart has changed the way Americans shop.  This is a very powerful and correct statement, especially since the start of the 2008 recession where every American is looking for cheaper products in order to meet their needs.

 

Do you think Wal-Mart, in its attempt to penetrate markets around the world, has taken a vailed opinion, by treating customes globally similarly to customers in the US, and this is why Wal-Mart has trouble succeding globally?

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Preparing Students For College And Beyond

Preparing Students For College And Beyond | Management and Politics | Scoop.it
Awarding more college degrees is an important goal--but we need to make sure our students are ready to succeed.
Ryan E Schwarz's insight:

As the world pushes forward in the recovery effort of the global recession, it is extremely important to re-evaluate how the United States educates and trains students for the careers of tomorrow.  It is important to prepare students to compete globally, act ethically, and work in a variety of different scenarios within all aspects of business, culture and society at large.

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Why You Should Work for JP Morgan

Why You Should Work for JP Morgan | Management and Politics | Scoop.it
There are many reasons why you should work for JP Morgan. This banking giant, which is classified as a first-class business, offers great benefits and rewards.
Ryan E Schwarz's insight:

Although banks and financial institutions have received an increased amount of hatred in recent years, mainly due to the 2008 financial crisis and the bank bailouts including TARP, I have always found work at banks interesting, and working for JP Morgan has always been an ideal career choice for me.  I have already worked for several banks, both small community banks and large multi-national banks, in some capacity.  But, for whatever reason, the culture at JP Morgan seems different than that of others.  The push for doing the right thing, not to mention properly rewarding its employees for their work, is very practical and makes sense.  I refer back to Herzberg’s ‘Two-Factor Theory’ in looking at JP Morgan’s motivational values.  Obviously, there are the salaries and company policies, but JP Morgan also focuses on recognition, advancement and growth, and increased responsibility to one’s duties.  All of these qualities are designed for motivation and improving the relationship between employee and employer, plus who cannot think that Jamie Dimon is a great leader.

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Ryan E Schwarz's comment, September 17, 2013 11:00 PM
Although banks and financial institutions have received an increased amount of hatred in recent years, mainly due to the 2008 financial crisis and the bank bailouts including TARP, I have always found work at banks interesting, and working for JP Morgan has always been an ideal career choice for me. I have already worked for several banks, both small community banks and large multi-national banks, in some capacity. But, for whatever reason, the culture at JP Morgan seems different than that of others. The push for doing the right thing, not to mention properly rewarding its employees for their work, is very practical and makes sense. I refer back to Herzberg’s ‘Two-Factor Theory’ in looking at JP Morgan’s motivational values. Obviously, there are the salaries and company policies, but JP Morgan also focuses on recognition, advancement and growth, and increased responsibility to one’s duties. All of these qualities are designed for motivation and improving the relationship between employee and employer, plus who cannot think that Jamie Dimon is a great leader.
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The greatest business decisions of all time

The greatest business decisions of all time | Management and Politics | Scoop.it
How Apple, Ford, Boeing, and others made radical decisions that changed the course of business.
Ryan E Schwarz's insight:

There is a famous business saying that goes "Luck is what happens when preparation meets opportunity".  Although this motto states it all, the CEO's had the guts to make the hard decisions and the vision to see around the corner to a world that would one day become reality.  While we may not be able to see around every corner, luck will show its face when we are prepared to make that decision and risk it all.

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Ryan E Schwarz's comment, September 9, 2013 7:43 PM
There is a famous business saying that goes "Luck is what happens when preparation meets opportunity". Although this motto states it all, the CEO's had the guts to make the hard decisions and the vision to see around the corner to a world that would one day become reality. While we may not be able to see around every corner, luck will show its face when we are prepared to make that decision and risk it all
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Stocks end near lows, Dow skids over 150 as Syria fears escalate; Vix spikes 12%

Stocks end near lows, Dow skids over 150 as Syria fears escalate; Vix spikes 12% | Management and Politics | Scoop.it
Stocks finished sharply lower for a second session Tuesday, with the Dow hitting a two-month low, amid escalating worries over potential U.S. military action in Syria.
Ryan E Schwarz's insight:

As of right now, Oil is the blood that runs the US Economy.  With the rise of tensions in Syria, the management of all companies will have to prepare for an increase in oil prices and be prepared to spend more on all aspects of production; in order to bring their product/service to market.

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Ryan E Schwarz's comment, August 27, 2013 5:54 PM
As of right now, Oil is the blood that runs the US Economy. With the rise of tensions in Syria, the management of all companies will have to prepare for an increase in oil prices and be prepared to spend more on all aspects of production; in order to bring their product/service to market.
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The Hidden Benefits of Social Media Marketing: Why Your Strategy May Be Working Better Than You Think

The Hidden Benefits of Social Media Marketing: Why Your Strategy May Be Working Better Than You Think | Management and Politics | Scoop.it
Most businesses venture into social media expecting to see a big return on investment. The hope is that new customers Image via CrunchBase will come in droves, and that the benefits and revenue generation will be huge.
Ryan E Schwarz's insight:

Companies that have effectively utilized all platforms of media, especially social media, are widely considered to be the leader or in the top ranking of their respective fields.  In addition, Social Media allows people and businesses to handle potential problems before the problems get out of control and causes a massive amount of damage, that could cost a lot of money and take days/weeks/years/or even decades to repair and could potentially cause the business to close.  The power of social media was amplified during the start of the Arab Spring.  If social media has the ability to organize and unify activists and citizens to overthrow the government, then no person and/or company are safe from a stained reputation.  Facebook alone has 1+billion accounts; assuming a 20% reduction because of multiple accounts for one person and/or business, it still leaves the potential to reach at least 800 million people and businesses in a positive or negative way, causing public opinion to switch faster than ever before!!!

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10 Reasons Why Strategic Plans Fail

10 Reasons Why Strategic Plans Fail | Management and Politics | Scoop.it
Image via Wikipedia If you’ve read this blog before, you already know we can’t say enough about how important strategic plans are to a company’s success.
Ryan E Schwarz's insight:

Multitudes of companies go bankrupt and/or close their doors because they lack the basic knowledge of setting realistic goals and devising a plan on how to accomplish those goals.  Companies only have to remember the simple acronym S.M.A.R.T. in order to achieve success, of course there also has to be a welcoming market for their offerings.  SMART stands for Specific Measurable Attainable Realistic Timely.

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Become Successful By Understanding Peoples Personalities

Become Successful By Understanding Peoples Personalities | Management and Politics | Scoop.it
Have you gotten annoyed at your colleague for being too loud or rambunctious? Or impatient at your employee for not getting to the point quick enough?
Ryan E Schwarz's insight:

The most successful people in the world understand how to utilize their employees’ traits to get the most out of them.  Bill Gates had a famous mantra “I gave the hardest tasks to the laziest people, because they would find the easiest way to complete the task”.  Regardless if you agree with the substance of personality in the workplace paradigm, it is hard to ignore the countless studies and benefits that come with playing to your employee’s strengths and personalities. 

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Ethics and the Five Deadly Sins of Social Media

Ethics and the Five Deadly Sins of Social Media | Management and Politics | Scoop.it
Image via Wikipedia There’s a new blood sport in consumer marketing. Brand leaders watch with schadenfreude as their peers stumble when dealing with social media.
Ryan E Schwarz's insight:

As brands become increasingly more and more visible around the world, social media has been the tool to either promote or hinder the brands.  The great German word schadenfreude (translated- means to have great pleasure at someone else's expense) with the power of social media has prompted ethical questions as to how far a person/company is willing to go to try and damage the brand of a competing company.

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Ryan E Schwarz's comment, October 17, 2013 11:26 AM
As brands become increasingly more and more visible around the world, social media has been the tool to either promote or hinder the brands. The great German word schadenfreude (translated- means to have great pleasure at someone else's expense) with the power of social media has prompted ethical questions as to how far a person/company is willing to go to try and damage the brand of a competing company.
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Multinational Corporations Strive To Compete

Multinational Corporations Strive To  Compete | Management and Politics | Scoop.it
Cultural and regulatory differences create challenges for such firms.
Ryan E Schwarz's insight:

Although the article was put together by Oxford Analytica, an independent strategic-consulting of more than 1,000 scholar-experts from Oxford and other leading universities and research institutions, it sheds light on the increasing amount of knowledge, benefits, and hurdles that organizations have to deal with.  By breaking down the hurdles and explaining the benefits it expands the pros and cons list so corporations are not so overwhelmed and rush to make a potentially flawed mistake.  In addition, the article is very useful to organizations that already expanded but are looking expand within a State.

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Teamwork... Biz Buzz or Biz Bust? by Ed Drozda

Teamwork... Biz Buzz or Biz Bust?  by Ed Drozda | Management and Politics | Scoop.it
Teamwork is lauded as a cure for many ills as well as the “right way to be”; while teamwork is essential in any business environment it is not always the most efficient or beneficial way to get things done.
Ryan E Schwarz's insight:

Teamwork in the classroom, I have found, has always resulted in some sort of ‘animosity’ between team members.  One team member has contributed a large amount of work were another member has contributed to far less to the project/task.   After reading the article, I look back and realize that the projects/tasks were all very simple and required a lot of time but not critical thinking in order to accomplish project/task.  Bill Gates, co-founder of Microsoft, has famously said “I gave the most difficult tasks to the laziest people”.  “Because of their laziness, they find the easiest way to accomplish the hardest task”.  This quote goes hand in hand with what teamwork is all about by playing to the strengths of each and every team member. 

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Ryan E Schwarz's comment, September 23, 2013 6:24 PM
Teamwork in the classroom, I have found, has always resulted in some sort of ‘animosity’ between team members. One team member has contributed a large amount of work were another member has contributed to far less to the project/task. After reading the article, I look back and realize that the projects/tasks were all very simple and required a lot of time but not critical thinking in order to accomplish project/task. Bill Gates, co-founder of Microsoft, has famously said “I gave the most difficult tasks to the laziest people”. “Because of their laziness, they find the easiest way to accomplish the hardest task”. This quote goes hand in hand with what teamwork is all about by playing to the strengths of each and every team member.
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The Open Secret To Motivating Employees

The Open Secret To Motivating Employees | Management and Politics | Scoop.it
Start by putting a face to a name.
Ryan E Schwarz's insight:

By having employees meet the people that they impact, with their jobs, is a huge motivator as Adam Grant has discovered.  Some of the multi-national corporations have tens of thousands even hundreds of thousands and on some occasions over a million employees.  By treating the employees as a vital part of the organization and proving their work makes a difference the employees will have a personal and connected feeling to their work motivating the employee to do the best they can.

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Ryan E Schwarz's comment, September 16, 2013 6:55 PM
By having employees meet the people that they impact, with their jobs, is a huge motivator as Adam Grant has discovered. Some of the multi-national corporations have tens of thousands even hundreds of thousands and on some occasions over a million employees. By treating the employees as a vital part of the organization and proving their work makes a difference the employees will have a personal and connected feeling to their work motivating the employee to do the best they can.
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Factory Efficiency Comes to the Hospital - NYTimes.com

Factory Efficiency Comes to the Hospital - NYTimes.com | Management and Politics | Scoop.it
Seattle Children’s Hospital says it has improved patient care, and its bottom line, by incorporating practices made famous in manufacturing.
Ryan E Schwarz's insight:

With the rising cost of healthcare around the world, especially in the United States, it is wise for hospitals to find ways to bring Taylorism into hospitals providing that it does not compromise patient care.  With the new systems in place at this Seattle Hospital, the right amount of inventory can be kept while over ordering and scrambling to find the right items can be avoided, thus allowing for increased patient care and efficiency, which can mean the difference between life and death.

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Ryan E Schwarz's comment, September 2, 2013 1:38 PM
With the rising cost of healthcare around the world, especially in the United States, it is wise for hospitals to find ways to bring Taylorism into hospitals providing that it does not compromise patient care. With the new systems in place at this Seattle Hospital, the right amount of inventory can be kept while over ordering and scrambling to find the right items can be avoided, thus allowing for increased patient care and efficiency, which can mean the difference between life and death