Category: Business
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Myer’s successful turnaround due to focus on ‘wanted brands’
Myer chief executive Richard Umbers has plenty to be happy about with his turnaround plan being off to a fantastic start. Umbers recently announced that the company has more than doubled its full-year profit to $60.5 million and has grown sales revenue by three percent. Umbers claims that the increase in sales has come from focusing…
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Psychopaths are as common in the business elite as they are in prison
The Wolf of Wall Street persona that is often portrayed in Hollywood has begun to seep into reality it seems, with research showing that 1 in 5 corporate workers may indeed be psychopaths. With the employees exhibiting traits such as self-obsession, ruthlessness and a lack of empathy towards their fellow employees. Australian Forensic Psychologist Nathan Brooks…
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JB HI-FI has bought an appliance giant out
Electronics giant JB HI-FI has bought out appliance chain, The Good Guys, for $870 million, now acquiring more than 100% of their competitor. The two will still be separate chains but work together to run both companies smoothly and hopefully to drive prices down. The ACCC gave the all clear yesterday to merge together and work together, despite them…
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Why UFC might have the best marketing in the business?
You might be wondering why your Facebook timeline, Twitter feed and Snapchat stories were filled with clips of men and women fighting relentlessly over the weekend. Over the past decade, the Ultimate Fighting Championship (UFC) representation of mixed martial arts (MMA), has gained mainstream popularity, with fighters such as Ronda Rousey, Anderson Silva and Conor…
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Volkswagen under even more strife
Following last years diesel emission scandal, Volkswagen Group could be facing a $1.56AU billion fine over the Diesel Gates crisis. The lawsuit is being dealt with by the legal team from VW and the Department of Justice in the United States. The European producer has violated the Clean Air Act, alleging that the 4.0 cylinder Volkswagen…
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7 vicious habits to break for productivity at work
If you want to keep your job you’re going to have to make sure you’re doing the right thing. Bad behaviour can affect the relationships you have with your boss and colleagues and you want to make sure you’re in their good books. You can easily break any bad habits by concentrating on tasks and definitely keeping…
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11 ways to be a better leader
As a leader, it’s easy to feel like you’ve got all the answers but a wise leader will always look for ways to improve. Leaders are always asking people to improve and strive for better, which is why they must do the same. To help you be the best leader you can be, we’ve found…
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5 most common startup mistakes
Creating a business is by no definition an easy task, but it’s one of the most fulfilling things one can do. These common mistakes are things to avoid when creating your own new business. #1 Over-complication It can be tempting to make things far too complicated when starting a business, as it seems the more complicated…
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Fast food joints in strife
With the latest news about Eagle Boy’s maybe shutting down its doors, McDonalds and KFC are not doing any better with profits slowly plummeting. The days of the Whopper, Big Mac and Zinger are being threatened seriously by the changing tastes of the nation. There is a new cool kid on the block- gourmet food. It…
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The most successful Aussie startup
Nura has raised nearly $1.2 million in their Kickstarter campaign with more than 4000 backers and still has one week until it finishes. This is a huge success as only 1% have met the million dollar milestone. The Melbourne startup has done the impossible by listening to your ears and customising sounds to make them louder or have less…