Group items tagged

IAG profit fall

Why has WHS smith been successful

The owner of Topshop and Bhs is set to close 260 stores because of its fall in profit. The closers would come as the store leases are up for renewal

Firms primary responsibility is to shareholders not to stakeholders or society at large.  Milton Friedman's seminal work was published almost 40 years ago. In "The Social Responsibility of Business Is to Increase Its Profits", Friedman argued that business "had no responsibilities other than to maximise profits for the shareholders".

Fascinating analysis of whether CSR can survive recession. Whether business and government will put profit ahead of responsibility or move to embed CSR into ensuring furture profits are sustainable.

Milton Friedman reiterates the profit motive

Apple posts record profits of $13.06 Billion in the last quater in which they sold 37 Million iPhones

Humane actions in the fast food industry US marketplace

The case against CSR from the Wall St Journal. Shareholders deserve profits! The only way to ensure business behaves is to regulate to ensure costs are higher for unethical trading.

Analysis of Car Market in 2011

Video explaining whats happening wih the large US fast food YUm brands

Pfizer delivers worse than expected financial results

The case against CSR. Social responsibility is a function of government not business CSR detracts business from a firms core objectives causing harmful conflicts of interest Shareholders should only support managers and projects which do good for the business. Extra costs limits profits.

This article is about a company that was selling a range of wristbands called "Power Balance" and claimed they give you a competitive advantage over other athletes by interacting with the body's natural energy flow. They paid top athletes including David Beckham and other celebrities such as Robert De Niro and Gerard Butler. However there's no scientific proof that they actually work, they still sell for around £30 and the company expects to turnover £35 in 2010, all for selling plastic wristbands!

Domino's have been one of the most successful franchise businesses of the the last 25 years. Here is their recipe for success.