Business managers expect transparency from companies they do business with. The ability to trust vendors, suppliers and partners keeps operations running smoothly. Not all companies live up to their obligations, however. And when trust is broken, financial loss can result.
Competition in the fast casual restaurant market can be fierce, especially among burger chains. SmashBurger and Shake Shack are highly motivated to claim market share previously held by McDonald’s and Burger King. So not only must their offerings be top notch, name branding is critical for establishing a following.
EpiPen is drug manufacturer Mylan’s best known product for not only its prominence in the pharmaceutical market, but the controversy surrounding the dramatic price increases over the years. In 2009, the wholesale price of two EpiPens was about $100. By May of 2016, the price rose approximately 500 percent to $609.
Prior to the summer of 2016, Maryland Gov. Larry Hogan ordered public schools to end by June 15 and wait to resume classes until after Labor Day. The controversial decision was seen as a boon to business and tourism throughout the state during the summer months.
After years of legal battles that saw them lose the rights to their controversial trademark, the NFL team based in Washington picked up a legal “fumble,” thanks to the Supreme Court. While they haven’t crossed the goal line just yet, the Redskins are in the “red zone” thanks to a decision involving the name of an Asian-American rock band.
The best thing about purchasing a printer is that you not only get the device, but also ink to get started. The worst thing is that, when the ink runs out, you need to purchase more. When shopping for new cartridges, sticker shock sets in. On far too many occasions, the ink ends up costing almost as the initial outlay for the printer.
Released in 2003, Second Life allows users to reside in an online virtual world. The escapism allows them to interact with their fellow avatars as they explore many locations and gather countless objects. Whether they socialize or trade virtual property with each other, Linden Labs insists that their creation is not a game.
Wells Fargo has been in a continuing state of damage control since unethical account opening practices garnered attention in 2013. The Los Angeles Times uncovered an aggressive sales culture that undermined employee morale and resulted in unethical tactics, customer complaints and labor lawsuits.
Overbooking is a common trend for businesses in the travel industry. In the pursuit of maximizing capacities, hotels and airlines anticipate “no-shows,” and use complex algorithms to account for any shortfalls.
Gaining fame through television commercials featuring people struggling with the simplest of tasks, the Snuggie provided a much-needed solution to overcome the nationwide challenge of covering oneself with a blanket.