Professor, Consultant, Doer. Founder/Publisher of The IDEA Publishing (http://www.theideapublishing.com/) & Modern Business Press (http://www.modernbusinesspress.com)
The Ukraine Effect: How Companies Should Adjust Their Marketing and Advertising in the Wake of the Ongoing Russian Invasion
Overview Seemingly everywhere you turn today, you can’t help but see images of war that are gripping - and tragic. The Russian invasion of Ukraine has just reached the two week mark as of this writing, but when one turns on the TV or logs into one’s social media platforms of choice, the scenes from Ukraine, of death…
Companies Around the World Are Saying “Nyet” to Doing Business in Russia After the Invasion of Ukraine
“The answer to all your questions is money…” —- Don Ohlmeyer, as told to Tony Kornheiser Introduction All too often, as a strategic management professor and consultant, we talk in abstract terms about companies and their top management “doing the right thing” when it comes to really tough issues involving corporate ethics and social responsibility. In many classes across the business curriculum, the ethics chapter is put off to be the last one on the reading list. And if there’s a snow day, a professor sick day, or these days, maybe a COVID-19-related class cancellation, well, it’s okay if we never even get to talking about business ethics in class! Talking about ethics can make students - and yes even their professors - feel uncomfortable, as ethical issues are often intertwined with what are often controversial - and many times highly personal and highly charged societal, political, environmental, sexual, religious, etc. matters. Beyond the classroom and even the corporate training room however, we know that acting ethically is even harder, and oftentimes, making the ethical decision is not just hard - but it can also be very, very costly.
The Kim Kardashian-Tom Brady Effect
Overview The recently retired quarterback has launched a high-end men’s apparel line. Is the NFL legend showing other sports stars - and all of us - how to become a billionaire today and rewriting the rules of marketing and business?
The Metaapp: How Solving the Frustrations of Streaming Video Users is the Next Big Business Opportunity at the Intersection of the Worlds of Media, Entertainment, and Technology
Introduction PSSSST! I’ve got a billion dollar idea! Check that, it may be a ten - or even tens - of billions of dollars idea! As a strategic management consultant and professor, I can safely say that this idea will pay HUGE dividends for whoever actually solves one of society’s greatest problems today. Well now, it’s not world peace or curing COVID for all time. However, it is an idea that addresses a very real problem that almost all of us experience on a daily basis. It is an idea that could improve dramatically - yes, in a very real way in the digital age in which we live - user experiences (UX) and heighten both customer satisfaction - and customer retention - for the corporate giants - Netflix, Disney (parent of both ESPN and Hulu), Alphabet (yes, otherwise known as the company formerly known as Google and the parent of YouTube), AT&T (parent company of HBO), Discovery and more - who feed the content machine that almost all of us access every day for our entertainment, news, and sports fixes.
The 7% Conundrum: Why Today’s Inflation Numbers Are Not as Bad as You Might Have Been Led to Believe
Introduction Inflation. You can’t turn on the TV today or visit your favorite news site without seeing a story touting just how bad the inflation situation is currently. Of course, you see the very real effects of inflation in your life everyday, as everything, from your fast food meal to gas for your car and especially, cars themselves, seem to be constantly going up, up, up! And so when you see, read, or hear a news story on inflation, you know that yes, inflation is all too real today and that it is directly - and negatively - impacting you and your family’s finances!
The Challenges and Opportunities of Virtual Selling
Introduction The COVID-19 pandemic has transformed so many aspects of the way we not only do business, but the way we carry out our daily lives. Study after study shows that working from home (WFH) will continue to be a part of many, if not most, of our work lives. There are a multitude of factors involved as to why WFH “works” for people - saving time and money, better balancing work and family needs, being just as productive at home as in the office, etc. While there are certainly drawbacks to having one’s home also be the place where one does business - including blurring the boundaries between work duties and family duties and the sometimes serious mental health concerns due to the isolation involved with working remotely, on balance, both workers and companies are fast coming to the realization that the benefits of WFH outweigh the costs. And companies see that while they have serious concerns in trying to coordinate and collaborate remote workers effectively, they also see that with WFH, they have both the ability to save a great deal on office costs (since they don’t need nearly the office space that they did prior to the pandemic) and the newfound capability to attract - and retain - the “best” workers to meet their needs, regardless of where they are located. Thus, working from home - and the cultural changes, both in terms of organizational cultures and the culture at large - appear to be here to stay long after the coronavirus has faded away (or at least when it will - hopefully - become an endemic, rather than a pandemic!).
Defeating the “Don’t Look Up” Mentality in the Corporate World
The movie of this holiday season didn’t turn out to be yet another reboot of The Matrix or one more Spiderman sequel. It didn’t turn out to be the next Disney animated musical made for young and old alike. No, the film that generated the most buzz wasn’t even a movie that you had to go to a movie theater to see (and yes, your local multiplex may well be on its way to extinction quite soon because of a whole host of factors!). Instead, the movie that has everyone watching and many folks talking about it on social media is a cheery flick, “Don’t Look Up!” It has all the ingredients for what we used to term “box office success” - a fantastic team behind it (led by director and writer Adam McKay, who has given us “The Big Short” and a whole host of other films in recent years), a star-studded cast (including Leonardo DiCaprio, Jennifer Lawrence, Meryl Streep, Cate Blanchett, Jonah Hill, Tyler Perry, Mark Rylance, Ariana Grande and more) to rival those old “buddy movies” of the 1970’s and 80’s, and yes, an uplifting, “feel good” plot - where the entire planet’s population is wiped out!
Is Management (and Management Education) Dying?
A few weeks back, I had a friend post an article on my Facebook timeline. Now, he’s the kind of distant (in miles) friend who gives me a good amount of kidding online, and he had read an article that he thought basically meant the end of what I do for a living. See, my “main job” is as a management professor in a college of business, and he had just read an article, the thesis of which was this: America's got waaaaaaaaay too many managers today! And if we, as a country, already have too many people in managerial roles, then being in the “business” of producing more managers is baaaaaaad business! Michael basically was saying, “Goodnight to your career!” - in that serious, but sarcastic and almost loving way that guy friends do, both in real life and virtually. But yes, he had basically read this article and thought, “Hey, he’ll be having to decide between driving a truck and being a Walmart greeter in a few years, as there simply won’t be a need for him to be educating and developing young people to be managers anymore quite soon!”
Leadership Under the Gun: What the Alec Baldwin Situation Teaches Us About What It Really Means to Be a Leader
Alec Baldwin. Unless you’ve been living under a rock (without WiFi) for the past few weeks, you certainly know the story. On October 21st, the actor was filming a scene in New Mexico for a Western movie. “Rust," that he was not only starring in, but producing as well. He was practicing a scene inside a rustic church, holding a gun that had been checked for safety by the independent film’s armorer, Hannah Gutierrez-Reed. Somehow, the gun discharged a live bullet - a bullet that was not supposed to even be on the movie set. The bullet struck and killed acclaimed cinematographer, Halyna Hutchins, and wounded the film’s director, Joel Souza.
The Great Christmas Tree Debate: Is a Real or an Artificial Tree Better for the Environment?
Introduction America today is a country divided. There is the great political divide of our times between the “Red Team” and the “Blue Team.” There are the “vaccinated” and the “unvaccinated” when it comes to COVID. There are those who intensely follow sports, celebrities, crypto...whatever, and those who feel that such pursuits are a waste of time. And more and more, our positions are hardening on seemingly everything, where we see fellow travelers as being with us and those who see things in an opposite, or even neutral way, as being against us.
Inflation is Everywhere, But Should We Be Surprised?
Overview Inflation. You can't turn on the TV without hearing about it. You can’t go to the grocery store without seeing it. You can’t have a conversation with family, friends, or colleagues without the subject coming up. Today, there seems to be no bigger story or pressing concern - well, except for that pesky COVID virus that just won’t seem to go away - than inflation. Seemingly everywhere we turn today, from buying food for our families...