IB Business Management
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All things Business Management - relating to the IB Business Management course
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Burnt-out and taken for granted: Britain’s workers need upside-down management | James Timpson | The Guardian

Burnt-out and taken for granted: Britain’s workers need upside-down management | James Timpson | The Guardian | IB Business Management | Scoop.it
Record numbers are off sick, many others are on strike. But there is a way to turn the miserable business of working on its head, says James Timpson, CEO of Timpson
Graham Watson's insight:

One of the poster boys of my Business Management teaching, Timpson, are at it again, with James Timpson penning a piece in the Guardian about so-called upside-down management and looking after staff well-being as the best way of driving an organization forward. It makes for compelling reading and might get you thinking about the importance of motivation in giving a firm a competitive advantage. 

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BrewDog loses its ethical B Corp certificate | BrewDog | The Guardian

BrewDog loses its ethical B Corp certificate | BrewDog | The Guardian | IB Business Management | Scoop.it
Status lost after BBC film and open letter from workers alleging ‘culture of fear’ at self-styled ‘punk brewery’
Graham Watson's insight:

Id never come across B Corp status before, however, it seems that it's an ethical standard that has been formulated by an organisation called B Lab. And now BrewDog have lost this status in the aftermath of BBC coverage of the business and an open letter from some of its employees criticising the organisational culture of the business. 

 

Will it adversely affect the brand? I'm not convinced the average beer consumer will be overly bothered. 

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Mining giant Glencore flew cash bribes to Africa via private jet, UK court hears | Glencore | The Guardian

Mining giant Glencore flew cash bribes to Africa via private jet, UK court hears | Glencore | The Guardian | IB Business Management | Scoop.it
Corruption at FTSE 100 firm described as endemic at sentence hearing
Graham Watson's insight:

Who would credit it? A mining company mired in a bribery scandal? 

 

Well, suspend your disbelief - a British court has been told that Glencore flew cash bribes to Africa by private jet, and that a culture of corruption was endemic at the company. You might think about the sort of organizational culture that allows this to develop, but, at the same time wonder whether revelations like this have much of an impact in a sector where few participants are whiter than white. 

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Woolworths: Australian grocery boss quits amid price-gouging claims

Woolworths: Australian grocery boss quits amid price-gouging claims | IB Business Management | Scoop.it
The Australian grocery chief walked out on a reporter when questioned over alleged price-gouging tactics.
Graham Watson's insight:

That's why they earn the big bucks!

 

Always nice to see that 'speaking truth to power' is sometimes too much for some people, which might get you to reflect on a number of things, notably the leadership style of Brad Banducci and the organizational culture that is incapable of inuring a CEO to criticism. 

 

However, given the concerns about Woolworth's using price gouging, neither are really that surprising. 

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Glencore ordered to pay millions over Africa oil bribes

Glencore ordered to pay millions over Africa oil bribes | IB Business Management | Scoop.it
A court heard a subsidiary of mining firm Glencore bribed officials with cash flown in on private jets.
Graham Watson's insight:

Glencore has been fined the not insubstantial sum "of £182.9m by Judge Peter Fraser at Southwark Crown Court, who also approved £93.5m to be confiscated from the company."

 

That's what you get for being the sort of company that operates in a corrupt fashion in sub-Saharan Africa, and calls into question the company's ethics. But will it have much of an effect? The £275m won't represent much in the grand scheme of things as far as the company is concerned, although it has already settled a similar case in the US to the tune of £900m.

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