This document discusses leadership and management in the context of economic turmoil. It first provides background on the author's experience in business transformation. It then reflects on the financial crisis of 2008, when major events like the Lehman Brothers bankruptcy and AIG bailout occurred. The document notes impacts of the crisis like job losses, pay cuts, and eroded trust. It argues that effective leadership is needed to address these challenges, through actions like cost control, investing in training, and recognizing employees. Leaders must set an example and prioritize customers, costs, and staff. The conclusion calls for developing strong managers and leaders to help drive the economy going forward.
Presentación de Stiglitz en Colombia. 2009Aurelio Suárez
This document discusses challenges facing Colombia related to employment, security, and development. It notes that unemployment has long been higher in Colombia than other Latin American countries and rose to its highest rate in the region during the recent global recession. Despite GDP growth, job growth has been weak with many new jobs being low-quality, informal positions. The document examines potential explanations for Colombia's unemployment and weak job growth, and proposes solutions like tax reforms, exchange rate interventions, industrial policies, and ensuring a balanced role for markets and the government in promoting growth, employment, and stability.
1) The document discusses the need for improved policy coordination in several areas including the WTO Doha Round negotiations, climate change measures, and international development aid.
2) In the WTO, a lack of leadership from the US and tensions over agricultural subsidies have stalled negotiations, but a proposal for China and the US to make concessions could provide an opportunity.
3) There is a risk of emerging climate protectionism as countries consider border carbon taxes, which developing countries view as unfair, so monitoring tools are needed.
4) The fragmented international development aid system needs restructuring to be more effective and predictable, and agreements are needed with new donors like China on transparent approaches.
FINANCIAL ANALYSIS - BOOK REVIEW - FAULT LINES - HOW HIDDEN FRACTURES STILL T...Mufaddal Nullwala
Contents:
Background
Challenges faced by U.S
Let Them Eat Credit
Exporting to Grow
Flighty foreign financing
Weak Safety Net
From Bubble to bubble
When money is the measure of all worth
Betting the bank
Reforming Finance
Broad Principles Of Reform
Eliminating “Too Systemic to Fail”
Resilience
Improving access to opportunity in America.
Multilateral institutions & their influence
Obtaining global influence
China and The World
Persuading China
What lies Ahead for INDIA
This document discusses the impact of the 2008 global economic crisis and G20 responses on sub-Saharan Africa. It finds that:
1) The crisis initially reduced demand, capital flows, and trade from developed nations, slowing growth in sub-Saharan Africa.
2) Stimulus packages in developed countries had unintended protectionist effects that further hurt African exports and trade.
3) However, African nations avoided major policy reversals, and growth has rebounded somewhat due to recovery in China and emerging markets.
4) The crisis accelerated Africa's economic ties shifting from the West to partners like China, though trade and aid ties to Europe and North America remain important.
International business risk refers to the possibility of loss caused by unfavorable events when operating internationally. The main causes of international business risk are changes in the international environment and differences in economic systems, objectives, and cultures between countries. There are several types of risks companies face, including political risk from uncertain political situations; exchange risk from fluctuating currency rates; credit risk from the potential of foreign buyers defaulting on payments; transport risk to goods being shipped overseas; market risk from international competition; and cultural risk from differences in cultures between countries.
This document discusses leadership and management in the context of economic turmoil. It first provides background on the author's experience in business transformation. It then reflects on the financial crisis of 2008, when major events like the Lehman Brothers bankruptcy and AIG bailout occurred. The document notes impacts of the crisis like job losses, pay cuts, and eroded trust. It argues that effective leadership is needed to address these challenges, through actions like cost control, investing in training, and recognizing employees. Leaders must set an example and prioritize customers, costs, and staff. The conclusion calls for developing strong managers and leaders to help drive the economy going forward.
Presentación de Stiglitz en Colombia. 2009Aurelio Suárez
This document discusses challenges facing Colombia related to employment, security, and development. It notes that unemployment has long been higher in Colombia than other Latin American countries and rose to its highest rate in the region during the recent global recession. Despite GDP growth, job growth has been weak with many new jobs being low-quality, informal positions. The document examines potential explanations for Colombia's unemployment and weak job growth, and proposes solutions like tax reforms, exchange rate interventions, industrial policies, and ensuring a balanced role for markets and the government in promoting growth, employment, and stability.
1) The document discusses the need for improved policy coordination in several areas including the WTO Doha Round negotiations, climate change measures, and international development aid.
2) In the WTO, a lack of leadership from the US and tensions over agricultural subsidies have stalled negotiations, but a proposal for China and the US to make concessions could provide an opportunity.
3) There is a risk of emerging climate protectionism as countries consider border carbon taxes, which developing countries view as unfair, so monitoring tools are needed.
4) The fragmented international development aid system needs restructuring to be more effective and predictable, and agreements are needed with new donors like China on transparent approaches.
FINANCIAL ANALYSIS - BOOK REVIEW - FAULT LINES - HOW HIDDEN FRACTURES STILL T...Mufaddal Nullwala
Contents:
Background
Challenges faced by U.S
Let Them Eat Credit
Exporting to Grow
Flighty foreign financing
Weak Safety Net
From Bubble to bubble
When money is the measure of all worth
Betting the bank
Reforming Finance
Broad Principles Of Reform
Eliminating “Too Systemic to Fail”
Resilience
Improving access to opportunity in America.
Multilateral institutions & their influence
Obtaining global influence
China and The World
Persuading China
What lies Ahead for INDIA
This document discusses the impact of the 2008 global economic crisis and G20 responses on sub-Saharan Africa. It finds that:
1) The crisis initially reduced demand, capital flows, and trade from developed nations, slowing growth in sub-Saharan Africa.
2) Stimulus packages in developed countries had unintended protectionist effects that further hurt African exports and trade.
3) However, African nations avoided major policy reversals, and growth has rebounded somewhat due to recovery in China and emerging markets.
4) The crisis accelerated Africa's economic ties shifting from the West to partners like China, though trade and aid ties to Europe and North America remain important.
International business risk refers to the possibility of loss caused by unfavorable events when operating internationally. The main causes of international business risk are changes in the international environment and differences in economic systems, objectives, and cultures between countries. There are several types of risks companies face, including political risk from uncertain political situations; exchange risk from fluctuating currency rates; credit risk from the potential of foreign buyers defaulting on payments; transport risk to goods being shipped overseas; market risk from international competition; and cultural risk from differences in cultures between countries.
1) The document discusses how geopolitical uncertainty requires business leaders to prioritize stability, resilience, and relationship management over rapid growth.
2) It argues the old model of global stability is breaking down and being replaced by sustained crisis. The US is less willing to provide global leadership while emerging powers like China rise.
3) It recommends companies focus on stability through disciplined, purposeful growth rather than rapid growth for its own sake. Strong, decentralized organizations built around stability will be best equipped to thrive in today's ambiguous geopolitical environment.
Niall Ferguson, noted economic historian, author, and Harvard Professor outlined the next steps in the current “Great Depression to a packed Canada 2020 Speakers Series crowd on Monday 23 February. For more, see www.canada2020.ca.
On Thursday, May 11, 2017, Nicola Wealth Management hosted their annual Strategic Outlook event featuring presentations by NWM Chairman and CEO John Nicola and Chief Investment Officer Rob Edel.
The document discusses the history of economic crises including the Great Depression and recent recessions. It notes that government interventions intended to alleviate crises may actually make outcomes worse by failing to address underlying causes. The author draws parallels between current economic conditions and the Great Depression, suggesting history may repeat itself with rising unemployment, social unrest, and economic upheaval unless true solutions are implemented.
The document summarizes the causes and transmission of the global financial crisis. It discusses the pre-crisis situation of debt-driven growth, global imbalances, and weak financial regulation. The immediate trigger was the bursting of the US housing bubble in 2006. This led to a collapse in mortgage-backed securities and stock markets. The crisis then spread through remittances, capital flows, and trade to developing countries. Vulnerability to external shocks determined the degree of impact on different countries.
Uncertainty reigns worldwide and is affecting economies and markets - whereto...Tristan Wiggill
A presentation delivered by Dawie Klopper, investment economist and portfolio manager of PSG Wealth at the annual Road Freight Association's Convention in Limpopo, South Africa.
Hank Moore is a corporate strategist who has advised over 5,000 client organizations, including Fortune 500 companies. He advises on growth strategies, strategic planning, leadership development, and how to navigate business cycles and economic recessions. The document reviews past US recessions since the 1960s and their differing causes, such as the 1973 oil crisis and stock market crash, the savings and loan crisis of the 1980s and 1990s, and the dot-com bubble of the early 2000s. While each recession has unique characteristics, the overall message is that recessions are a normal part of the economic cycle and the stock market and economy will eventually recover from the current downturn.
Presentation at Texas Christian University\'s AddRan Festival Of Undergraduate Scholarship and Creativity, April 2009 and winner of TCU\'s Economic Department Award to Best Presentation in Economics.
NWM Financial Advisor Mark Therriault and NWM CIO Rob Edel examine current events and trends that may impact investors and assess the effectiveness of several wealth management strategies.
Will the US election trump the economy in 2017?RBS Economics
With the 2016 US Presidential election approach there have been questions about what this could mean for the US economy in 2017. In this blog, economist Rupert Seggins draws on the historical experience of the US and its G7 peers to offer an answer.
While this time may be different, history suggests that the bar for a President-caused US recession in 2017 is set much higher than may commonly be thought.
The document discusses global imbalances in current accounts across countries. It shows that the US has the largest deficit while China, emerging Asia, Japan, and oil exporters have large surpluses. Key reasons for the US deficit include low interest rates, overconsumption, and tax cuts. Global imbalances are undesirable as they can destabilize the global financial system if the US deficit is viewed as unsustainable. The document recommends various macroeconomic and international policy options to reduce imbalances, including increasing US exports, promoting savings, and allowing more exchange rate flexibility.
Perfectessay.net essay sample #2 chicago styleDavid Smith
Cyndia Zwahlen writes that job cuts may continue into 2010, as both mid-sized and large firms shed more employees due to the ongoing effects of the recession. While smaller organizations have been able to avoid major job cuts so far, unemployment is expected to rise further in the coming year. The recession has also impacted state governments, with California borrowing $2 billion to pay back reimbursements owed to small businesses. Unless steps are taken to stimulate economic growth, high unemployment rates may persist into 2010 and beyond.
This document discusses international business and the key concepts, risks, and motivations involved. It defines international trade, exporting, importing, foreign direct investment, and portfolio investment. It then describes four main risks in international business: cross-cultural risk due to differences in customs and decision-making; country risk involving political instability and regulations; currency risk from exchange rate fluctuations and foreign taxes; and commercial risk of issues like weak partners or competitive intensity. Finally, it lists reasons why firms internationalize, such as seeking growth through new markets, higher profits abroad, gaining new ideas, serving relocated customers, and accessing supply sources globally.
This document provides a summary of the causes and effects of the credit crisis, as well as implications for the future. It discusses three primary causes: the housing bubble, credit bubble, and willful ignorance. The crisis unfolded with events like the failures of Fannie Mae, Freddie Mac, Lehman Brothers, and AIG. The economy experienced job losses, declining GDP, and falling home and auto sales. Markets saw steep declines globally in 2008. Going forward, the recovery may be slower than past recessions due to high debt levels, but stocks appear cheap compared to historical valuations and long-term returns have been positive. The biggest long-term challenges include high government debt levels and potential for further economic weakness.
This document discusses how times of crisis often signal structural changes in the economy. It argues we may be experiencing such a structural break now, as the past year's events have highlighted unsustainable trends like high household debt and leverage in the financial system. A structural break presents both challenges and opportunities - it can be a difficult time for adjustment, but also a time when new sources of competitive advantage can emerge for strategists able to understand and exploit the change. The key is recognizing when old patterns no longer work and focusing on strengthening one's competitive advantages for the new economic environment.
Northwest Mutual manages over $4.8 billion in assets under management and was founded in 1994, with offices in Vancouver, Toronto, Kelowna, and Richmond. The company has a history of innovation in its investment strategies, launching new funds focused on real estate, mortgages, bonds, and other asset classes between 2003 and 2017. Chief Investment Officer Rob Edel discussed 2016 investment performance and strategies, and economic issues facing the US economy under President Trump's administration.
The document presents a simplified model of the US economy. It argues that printing more dollars and promoting bond sales helps finance deficits in the short term. However, a lower external value of the USD is needed for the economy to balance trade in the long run. It also argues that bringing manufacturing back to the US by making production costs more competitive through a lower USD could generate jobs and economic growth.
The Next Recession is Coming... This is Your Survival GuidePhil Argue
This presentation was presented as a webinar in July 2018 with Early Growth Financial Services and Prepared Capital. The link to the webinar (with audio) is available here: https://preparedcapital.com/blog/the-next-recession-is-coming-survival-guide/
APPLIED ECONOMICS. Contemporary socio economic issues facing the Filipino ent...oneraangel7
The document discusses socio-economic factors affecting Filipino entrepreneurs and economic issues they face at both the micro and macro level. At the micro level, issues include externalities, environmental problems, volatile prices, and unequal income distribution. Macro level issues entrepreneurs deal with are high unemployment, recession, inflation, and exchange rate volatility. Social factors entrepreneurs consider are population trends, wealth distribution, education, and attitudes. Economic factors that impact them are GDP, interest rates, spending behaviors, and stock market trends.
1) The document discusses how geopolitical uncertainty requires business leaders to prioritize stability, resilience, and relationship management over rapid growth.
2) It argues the old model of global stability is breaking down and being replaced by sustained crisis. The US is less willing to provide global leadership while emerging powers like China rise.
3) It recommends companies focus on stability through disciplined, purposeful growth rather than rapid growth for its own sake. Strong, decentralized organizations built around stability will be best equipped to thrive in today's ambiguous geopolitical environment.
Niall Ferguson, noted economic historian, author, and Harvard Professor outlined the next steps in the current “Great Depression to a packed Canada 2020 Speakers Series crowd on Monday 23 February. For more, see www.canada2020.ca.
On Thursday, May 11, 2017, Nicola Wealth Management hosted their annual Strategic Outlook event featuring presentations by NWM Chairman and CEO John Nicola and Chief Investment Officer Rob Edel.
The document discusses the history of economic crises including the Great Depression and recent recessions. It notes that government interventions intended to alleviate crises may actually make outcomes worse by failing to address underlying causes. The author draws parallels between current economic conditions and the Great Depression, suggesting history may repeat itself with rising unemployment, social unrest, and economic upheaval unless true solutions are implemented.
The document summarizes the causes and transmission of the global financial crisis. It discusses the pre-crisis situation of debt-driven growth, global imbalances, and weak financial regulation. The immediate trigger was the bursting of the US housing bubble in 2006. This led to a collapse in mortgage-backed securities and stock markets. The crisis then spread through remittances, capital flows, and trade to developing countries. Vulnerability to external shocks determined the degree of impact on different countries.
Uncertainty reigns worldwide and is affecting economies and markets - whereto...Tristan Wiggill
A presentation delivered by Dawie Klopper, investment economist and portfolio manager of PSG Wealth at the annual Road Freight Association's Convention in Limpopo, South Africa.
Hank Moore is a corporate strategist who has advised over 5,000 client organizations, including Fortune 500 companies. He advises on growth strategies, strategic planning, leadership development, and how to navigate business cycles and economic recessions. The document reviews past US recessions since the 1960s and their differing causes, such as the 1973 oil crisis and stock market crash, the savings and loan crisis of the 1980s and 1990s, and the dot-com bubble of the early 2000s. While each recession has unique characteristics, the overall message is that recessions are a normal part of the economic cycle and the stock market and economy will eventually recover from the current downturn.
Presentation at Texas Christian University\'s AddRan Festival Of Undergraduate Scholarship and Creativity, April 2009 and winner of TCU\'s Economic Department Award to Best Presentation in Economics.
NWM Financial Advisor Mark Therriault and NWM CIO Rob Edel examine current events and trends that may impact investors and assess the effectiveness of several wealth management strategies.
Will the US election trump the economy in 2017?RBS Economics
With the 2016 US Presidential election approach there have been questions about what this could mean for the US economy in 2017. In this blog, economist Rupert Seggins draws on the historical experience of the US and its G7 peers to offer an answer.
While this time may be different, history suggests that the bar for a President-caused US recession in 2017 is set much higher than may commonly be thought.
The document discusses global imbalances in current accounts across countries. It shows that the US has the largest deficit while China, emerging Asia, Japan, and oil exporters have large surpluses. Key reasons for the US deficit include low interest rates, overconsumption, and tax cuts. Global imbalances are undesirable as they can destabilize the global financial system if the US deficit is viewed as unsustainable. The document recommends various macroeconomic and international policy options to reduce imbalances, including increasing US exports, promoting savings, and allowing more exchange rate flexibility.
Perfectessay.net essay sample #2 chicago styleDavid Smith
Cyndia Zwahlen writes that job cuts may continue into 2010, as both mid-sized and large firms shed more employees due to the ongoing effects of the recession. While smaller organizations have been able to avoid major job cuts so far, unemployment is expected to rise further in the coming year. The recession has also impacted state governments, with California borrowing $2 billion to pay back reimbursements owed to small businesses. Unless steps are taken to stimulate economic growth, high unemployment rates may persist into 2010 and beyond.
This document discusses international business and the key concepts, risks, and motivations involved. It defines international trade, exporting, importing, foreign direct investment, and portfolio investment. It then describes four main risks in international business: cross-cultural risk due to differences in customs and decision-making; country risk involving political instability and regulations; currency risk from exchange rate fluctuations and foreign taxes; and commercial risk of issues like weak partners or competitive intensity. Finally, it lists reasons why firms internationalize, such as seeking growth through new markets, higher profits abroad, gaining new ideas, serving relocated customers, and accessing supply sources globally.
This document provides a summary of the causes and effects of the credit crisis, as well as implications for the future. It discusses three primary causes: the housing bubble, credit bubble, and willful ignorance. The crisis unfolded with events like the failures of Fannie Mae, Freddie Mac, Lehman Brothers, and AIG. The economy experienced job losses, declining GDP, and falling home and auto sales. Markets saw steep declines globally in 2008. Going forward, the recovery may be slower than past recessions due to high debt levels, but stocks appear cheap compared to historical valuations and long-term returns have been positive. The biggest long-term challenges include high government debt levels and potential for further economic weakness.
This document discusses how times of crisis often signal structural changes in the economy. It argues we may be experiencing such a structural break now, as the past year's events have highlighted unsustainable trends like high household debt and leverage in the financial system. A structural break presents both challenges and opportunities - it can be a difficult time for adjustment, but also a time when new sources of competitive advantage can emerge for strategists able to understand and exploit the change. The key is recognizing when old patterns no longer work and focusing on strengthening one's competitive advantages for the new economic environment.
Northwest Mutual manages over $4.8 billion in assets under management and was founded in 1994, with offices in Vancouver, Toronto, Kelowna, and Richmond. The company has a history of innovation in its investment strategies, launching new funds focused on real estate, mortgages, bonds, and other asset classes between 2003 and 2017. Chief Investment Officer Rob Edel discussed 2016 investment performance and strategies, and economic issues facing the US economy under President Trump's administration.
The document presents a simplified model of the US economy. It argues that printing more dollars and promoting bond sales helps finance deficits in the short term. However, a lower external value of the USD is needed for the economy to balance trade in the long run. It also argues that bringing manufacturing back to the US by making production costs more competitive through a lower USD could generate jobs and economic growth.
The Next Recession is Coming... This is Your Survival GuidePhil Argue
This presentation was presented as a webinar in July 2018 with Early Growth Financial Services and Prepared Capital. The link to the webinar (with audio) is available here: https://preparedcapital.com/blog/the-next-recession-is-coming-survival-guide/
APPLIED ECONOMICS. Contemporary socio economic issues facing the Filipino ent...oneraangel7
The document discusses socio-economic factors affecting Filipino entrepreneurs and economic issues they face at both the micro and macro level. At the micro level, issues include externalities, environmental problems, volatile prices, and unequal income distribution. Macro level issues entrepreneurs deal with are high unemployment, recession, inflation, and exchange rate volatility. Social factors entrepreneurs consider are population trends, wealth distribution, education, and attitudes. Economic factors that impact them are GDP, interest rates, spending behaviors, and stock market trends.
Social Studies Chapter 9 How do We Respond to Tensions Arising from some Econ...Goh Bang Rui
Subscribe to my education channel.
bit.ly/gohbangrui
These slides introduce Chapter 9: How do We Respond to Tensions Arising from some Economic Impacts under Issue 3: Being Part of A Globalised World to the Secondary 3 and 4 students who are studying Social Studies for the Singapore current syllabus 2016.
These slides are divided into 3 areas.
1. Economic Impact on Country [Slide 3]
2. Economic Impact on Companies [Slide 29]
3. Economic Impact on Individuals [Slide 50]
Video
TBC
Any feedback is welcome.
The document discusses Canada's slowing economic growth and identifies several contributing factors, including global economic difficulties, geopolitical events, and automation. It analyzes GDP forecasts, growth rates, and deficits across various economies. Specific attention is given to analyzing GDP and employment data in Canada, and factors impacting key industries like housing, exports, and retail. A variety of policy approaches are discussed to potentially address challenges and support stronger growth, such as reforms to education, immigration, infrastructure investment, and trade agreements.
2019 Election| Trickle Down Economics| CPC vs LPC | May 2019paul young cpa, cga
This document discusses trickle down economics and the 2019 Canadian election. It provides background on the author and outlines topics to be covered, including what trickle down economics is, corporate and personal taxation, wealth distribution, the middle class, and tax cuts. The presentation aims to discuss misunderstandings around how wealth flows through the economy and the pressures facing the middle class. It also includes a blog post criticizing Prime Minister Trudeau's views on trickle down economics.
The document provides an overview of Baillieu Holst, an Australian financial advisory and wealth management firm. It discusses Baillieu Holst's history, services, locations, staff size and assets under advice. It also includes brief sections on the current global economic environment, key countries and their economic outlooks, US and Chinese economies, and the Australian economic outlook.
Chapter 19: Kilgore Custom Milling (300 – 350 Words)
1). Assume that the management team has hired you to advise them on their overall risk profile and has asked you to prepare a SWOT analysis for their review and as input to the upcoming strategic planning session. What would you put into your analysis? Additionally, how does your analysis affect the risk management strategies that Kilgore might choose to utilize?
2). What are the main financial risk management issues that Cathy and the rest of the management team at Kilgore need to focus on?
3). What factors need to be considered when integrating financial risk management into an enterprise risk management framework?
Chapter 18: Blue Wood Chocolates (300 – 350 Words)
1). What are the prospects and consequences for Blue Wood if it carries on the way it has been?
2). What are the main challenges in developing and implementing a risk management framework for Blue Wood? How does the ownership structure affect these challenges?
3). If the company is to develop a risk management framework, who should lead the process? Should a Chief Risk Officer (CRO) be appointed? If so, to whom should he/she report and have access to? How could smaller companies without the resources for a dedicated CRO deal with ERM? What is the role for the Board in such a process?
Title
ABC/123 Version X
1
History and Perspectives Worksheet
PSY/275 Version 4
2
University of Phoenix MaterialHistory and Perspectives Worksheet
Timeline of Events
Complete a timeline of the historical events that show the progression of the treatment of mental illness, based on the historical perspectives discussed in Chapter 1 of Abnormal Psychology in a Changing World. You should have between 5-8 events.
· Event 1
· Event 2
· Event 3
· Event 4
· Event 5
· Event 6
· Event 7
· Event 8
Matching
Review the contemporary perspectives of abnormal behavior listed in Ch. 2 of Abnormal Psychology in a Changing World.
Match the contemporary perspective on the right with the main tenet (idea/proposition) on the left by typing the corresponding letter of the matched perspective in the middle column. Each perspective may be used more than once.
Main Tenet (Idea/Proposition)
Answer
Contemporary Perspective of Abnormal Psychology
1. Unconscious conflicts manifest in symptoms of mental illness.
A. Biological Perspective
2. Psychotropic medications seek to treat mental illness by acting on neurotransmitters that may be malfunctioning.
B. Psychological Perspective – Psychodynamic Models
3. Manipulation of information may cause cognitive distortions. These errors in thinking produce maladaptive behaviors based on a distorted belief that was produced by an activating event.
C. Psychological Perspective – Learning Models
4. Mental illness is a product of learned behavior that is maladaptive.
D. Psychological Perspectives – Humanistic Models
5. The interactions of biological, psychological, and sociocultural factors contribute to abnormal behavior. ...
The document summarizes a presentation given by Sasfin Wealth, a South African wealth management firm. It discusses Sasfin Wealth's history, investment process, competitive advantages, and awards. It also provides an overview of Sasfin Securities and outlines six traits of successful investing. The presentation concludes by discussing Sasfin's investment offerings and foundation portfolios.
This offers leaders whose businesses have shut down as a result of the lock-down some intelligence and projections of how the wider business scene and global economy may develop. #LeadershipPreparedness
This document discusses the concept of trickle-down economics and provides context around taxation policies. It includes a biography of the author Paul Young and an agenda outlining topics such as what is trickle-down economics, corporate taxation, the tax code, and wealth transfer. There are also summaries of blog posts discussing topics like Trudeau and trickle-down economics, tax cuts, wealth distribution in Canada, and pressures on the middle class. Links and sources are provided throughout to support the discussion of these economic concepts.
Raising Dough: Financing Your Farm or Food-Based BusinessElizabeth Ü
In order to start or grow a farm of food-based business, you need money. Farmers have more financing options than ever before to raise capital for their farm-based businesses, but choosing which fundraising methods to pursue requires knowing how they work. In this track, learn the criteria, sweet spots, pros and cons, tips and techniques of the many financing options available. Complete with interactive exercises, success stories, and cautionary tales, discover what it takes to access the right kinds of capital for your farm. You’ll leave with steps you can take right away, whether you are currently seeking financing or don’t expect to for years to come.
Presenters:
Rebecca Thistlewaite, Sustain Consulting
Elizabeth Ü, Finance for Food
Bill Kitsch, Mid-Atlantic Farm Credit
Topics Covered:
--Clarifying Your Values & Prioritizing Business Investments
--Organizing Financial Records & Improving Your Credit Rating
--Cash Flow, Budgeting & Enterprise Analysis
--Overview of Financing Types & Laws to Keep in Mind
--Loans; Land Financing Options; Grants; Community Supported Models; Crowdfunding
--Social Capital: Why It’s Important & How to Build It
--Equity Financing
Presented at PASA's 23rd Annual Farming for the Future Conference: Letting Nature Lead. State College, PA. February 8, 2014
Trudeau failed to properly implement Keynesian economics in Canada. Keynesian economics advocates for increased government spending and lower taxes to stimulate demand during economic downturns. However, Trudeau introduced tax hikes, poor fiscal management, and regressive policies like carbon taxes that hurt the economy rather than stimulate it. Additionally, private investment and business expansion are key drivers of job growth, not just increased government spending. While Keynesian policies may work in theory, Trudeau failed to execute them effectively in practice.
1) Deloitte analyzes the global economic outlook and consumer trends, with a focus on the US, China, Europe, and other regions.
2) Under the Trump administration, the US economy may see increased spending on infrastructure and the military, less regulation, and trade restrictions, which could both boost and slow growth.
3) China is transitioning its economy from manufacturing and exports to services and domestic consumption, while facing challenges from declining working populations and debt levels.
4) Europe has mixed growth across countries, with strength in some like Germany and weakness in others like Italy, while the UK faces uncertainty from Brexit.
Canada has been going through a period of slow growth since 2018. The inaction of the Liberals through bad tax policies along regulatory burden have expedited the slow growth. The Liberals approach was not about reforming govt, but growing the size and cost of govt.
This document provides an overview and introduction to private equity. It begins with an introduction of the speaker and his background in private equity investments. It then defines private equity and discusses the two broad classes of buyouts and venture capital. Next, it provides an overview of the private equity market and landscape. It discusses fund structure and organization. Finally, it discusses various career options in private equity and provides a high-level question and answer agenda.
Oceans Caucus Foundation: A Review of ISSF and IUU Chris Lischewski
This document summarizes the International Seafood Sustainability Foundation (ISSF) and issues related to illegal, unreported, and unregulated (IUU) fishing. It discusses how ISSF works to address sustainability challenges in tuna fisheries through science, advocacy, and industry commitments. It also outlines the negative impacts of IUU fishing and describes two bills - the International Fisheries Stewardship and Enforcement Act and the Pirate Fishing Elimination Act - that aim to strengthen enforcement against foreign IUU fishing activities. The U.S. seafood industry supports both of these bills with minor modifications.
Bumble Bee Seafoods is the largest branded seafood company in North America. They aim to create value through innovation in their products and operations. Their strategy focuses on people, a low-cost global supply chain, leveraging their core seafood brands, adapting to changing consumer demands, and continuous product evolution. They also plan to expand into new channels like foodservice and leverage mergers and acquisitions. Bumble Bee is committed to corporate social responsibility and ensuring a sustainable future for their business and fisheries.
Harvard Business School Association PresentationChris Lischewski
Bumble Bee Seafoods is a leading seafood company in North America with over 100 years of history. It has six strategic growth initiatives to drive long-term success, including a focus on innovation through new products like Bumble Bee SuperFresh. Consumer trends support growth in categories like value-added frozen seafood. While Bumble Bee's base shelf-stable business remains strong, total category sales have declined. The company addresses sustainability through partnerships and initiatives to support fisheries management and reduce environmental impact.
The document summarizes the history of Bumble Bee Seafoods and its acquisition by Centre Partners, a private equity firm. It describes how Bumble Bee was sold by its previous owners multiple times before Centre Partners acquired it in partnership with management. Centre Partners and management then pursued a growth strategy, making acquisitions and eventually merging Bumble Bee with Connors Bros. Income Fund to create a larger seafood company. The transaction was well-received and created a template for future acquisitions by the combined company.
Oceans Under Threat: Charting a Sustainable FutureChris Lischewski
Growing market demand, advances in technology and increased capacity have driven tuna catch to current levels at about 4.2 million tons per year, which is projected to be the maximum sustainable yield (MSY).
Heritage Conservation.Strategies and Options for Preserving India HeritageJIT KUMAR GUPTA
Presentation looks at the role , relevance and importance of built and natural heritage, issues faced by heritage in the Indian context and options which can be leveraged to preserve and conserve the heritage.It also lists the challenges faced by the heritage due to rapid urbanisation, land speculation and commercialisation in the urban areas. In addition, ppt lays down the roadmap for the preservation, conservation and making value addition to the available heritage by making it integral part of the planning , designing and management of the human settlements.
NANOTECHNOLOGY IN FOOD PACKAGING (FOOD TECHNOLOGY)
The Hard Slog Ahead
1. 1
The Hard Slog Ahead
USC Marshall School of Business
Career Advantage Program Presentation
Christopher Lischewski
President & CEO
Bumble Bee Foods, LLC
January 28, 2010
2. 2
Starting with some background on myself, I received my BS from
the Marshall School in 1982
Personal Background
• Air Force brat who spent most of childhood in Europe
• Graduated high school in Las Vegas in 1978 and went to
Tulane in New Orleans
• Transferred to USC as a junior
• Graduated in 1982 with a BS in Finance and Accounting
• Had two job offers
– Manhattan Beach vs Bakersfield
– $24,000/ year vs $18,000/year
3. 3
My work experience covered a variety of different experiences
Personal Background
• Worked with a division of Westinghouse in Vernon, CA
(7-Up Bottling companies)
• Moved to TRW in 1983
• Completed MBA in International Finance at USC as part of
evening program in 1986
• Went into Management Consulting
• Joined a client in 1991 (StarKist / H.J. Heinz)
• Joined Bumble Bee in 1999
4. 4
My first executive position at StarKist was very rewarding
StarKist
• Part of turnaround team for a division of Heinz that was losing money
• Initially ran global procurement and added on global operations and ultimately
ran the European division
• Changed entire procurement structure which included becoming the world’s
largest tuna fishing fleet operator
• Built new factories in Ecuador, Ghana and the Seychelles on way to achieving
global Low Cost Operator (LCO)
• Acquired companies in the U.K. and Italy
• Significantly enhanced business performance and profitability
– Grew U.S. business to 50% market share
– Established largest tuna company in Europe
– Forced Bumble Bee and Chicken of the Sea into bankruptcy within one
month of one another
5. 5
This led to an even more exciting opportunity at Bumble Bee
Bumble Bee
• Joined a private equity firm that had taken Bumble Bee out of bankruptcy in 1999
• Did a number of transactions
– Integrated three seafood acquisitions and sold to ConAgra in 2000
– Went private in 2003
– Went pubic in 2004
– Went private again in 2008
• During that process:
– Built a great team
– Grew revenues from $450 to $950 million
– Grew share from 18% to 32% and became the largest branded seafood
company in North America
– Established position of LCO with new factories in Fiji, Trinidad and Mauritius
– Grew EBITDA from $17 to $116 million
Proving that ‘low tech’ can be exciting and lucrative!!!
6. 6
I have always had several simple philosophies regarding work that
have served me well during my career
Work Philosophy
• It’s going to take up most of your life so enjoy what you do
• Part of every job entails ‘crap’ so don’t complain about it –
just power through it
• Hard work IS recognized and DOES pay
• Whatever you do, be the ‘best’ at it
7. 7
And in how I run my business, I believe there are
several key factors for success
Factors for Success
• Have a plan (ultimate vision, long term strategy and short term tactics) –
but remain flexible
• People, people, people
–Build the best team in the industry
–Do not accept mediocrity
• Know your competition – well!
• Know your numbers (and what drives them) even better
• Continually challenge your organization to be better – do not accept
complacency or stagnation
• Be responsive and make informed but rapid decisions
• Always push the envelope in every part of your business – always
demand MORE
• Be the low cost operator
–Minimize staff, layers and bureaucracy
–Ruthlessly purse cost optimization
8. 8
But this talk isn’t about me – it’s about you. Your class will be
coming out of school amidst the most serious economic crisis
your parents have ever experienced
9. 9
The official start of the crisis can be traced back to
September 15th 2008
Sept 15th 2008
Financial Institutions Collapse
Credit Markets Seize Up
Historic Bail Out Plans Announced
Economic Datapoints Hit New lows
Global Economies Weaken
Consumer Spending Plunges
11. 11
The stock market dropped more than 50%
Dow dropped 52% from a high of
13,624 at 12/31/07 to 6,561; recent
level of 10,194 on 1/26 still
represents loss of 25%
S&P 500 down 57% from a
high of 1,565 at 10/09/08 to
679; recent level of 1,092 on
1/26 still represents loss of
30%
13. 13
And Consumer spending reflected a shift to value
-20 -15 -10 -5 0 5 10 15
BJ's
Costco
Sams
Kroger
Safeway
Dollar General
Family Dollar
Dollar Tree
Walmart
CVS
Rite Aid
Walgreens
Whole Foods
Target
Nordstrom
JCPenney
Home Depot
Kohls
Stock Up
& Save
Discretionary Spending
Value &
Convenience
SuperValu
Macys
Consumer Spending Trends
15. 15
And the credit situation remains perilous
Bank Write-offs as % of Outstanding Loans
16. 16
National unemployment in the U.S. had doubled over the
last two years
US Unemployment Rates
-
4.9 4.8 5.1 5.0
5.5 5.5 5.7 6.1 6.1 6.5 6.7
7.2
7.6
8.1 8.5 8.9
9.4 9.5 9.4 9.7 9.8
10.2 10.0 10.0
Year2008-012008-022008-032008-042008-052008-062008-072008-082008-092008-102008-112008-12
2009-1
2009-2
2009-3
2009-4
2009-5
2009-6
2009-7
2009-8
2009-92009-102009-112009-12
US Unemployment Rates
17. 17
And globally, unemployment is expected to increase by 60 million
with some 200 million workers at risk of joining the ranks of people
living on less than $2/day
Risk of Social Unrest Due to Economic Conditions
18. 18
U.S. GDP declined in 2009 while the U.S. government racked up
record increases in budget deficits and national debt
19. 19
As we move into 2010, Total Debt is projected to hit $15
TRILLION while Debt as % of GDP approaches 100%.
Concurrently, China has become our largest creditor
Major Foreign Holders of U.S. Treasury Securities (Sep
2009)
23.4%
21.1%
6.4%5.5%
5.6%
38.0%
China Japan UK Oil Exporters Caribbean Banking Centers All Others
20. 20
Of grave concern is the fact that if we don’t reign in spending, we
won’t even be able to cover the interest on our debt
22. 22
Wow – wasn’t that uplifting!!!
Now let me shift gears and talk about some major
trends you will be part of over the next five years
and I will close with what I think some key success
criteria are for you as you finish your under-
graduate careers at USC
23. 23
Looking forward, we anticipate transformative shifts in consumer
consumption, segmentation and economic participation
• Recession-induced structural displacement in spending
(value-seeking)
• New heights in private label penetration
• Shift from conspicuous to virtuous consumption
(shopping becomes a “careful investment” vs. “recreational
activity”)
• Aging baby-boomers – senior citizens become a
formidable special - interest group
• Rapidly growing ethnic diversity and buying power
• Evolving family composition with increased participation
of women in the workforce
• Heightened consumer expectations with increased
information access for online comparison
• Louder, proactive consumer participation in the
economy enabled by web – negative comments spread
quickly
U.S. Consumers
24. 24
Current “initiatives” will become norms as the marketplace
undergoes right-sizing and is increasingly subject to new “rules”
• Consideration for Health and safety, Environmental sustainability
and Convenience become commonplace
• Environmental practices dictate brand “character”: organic,
eco-friendly products and packaging, fair treatment of
employees / suppliers
• Real-estate downsizing and re-urbanization
• Concentration of power through further consolidation of
retailers and manufacturers – increased competition for
reduced consumer spending dollars
• Expanding federal activism – more rapid and deeper
regulatory participation
• Cross-sector reforms – labor, taxation, etc
• Private-sector credibility gap vs NGO Activism
• Increased demand for Corporate governance and social
responsibility
Marketplace
25. 25
Additionally, several ‘wildcards’ will influence the state of the
global ecosystem
• Devaluation of the “American Economic model”
• Elevation of emerging economies (esp. China) in global
geopolitical and economic rebalancing
• Threat of competing global currency vs. greenback
• Unprecedented national debt repaid by consumers through
taxation/inflation (consumer disposable income the “fall guy”)
• Loss of AAA country credit rating
• Unfunded pension and healthcare liabilities
• Rush to shore up natural resources (e.g. iron ore, oil) to
ensure national wealth/security
• Companies invest and exploit foreign resources leading to
international frictions and national protection of resources
• Declining talent pool with rising appeal of opportunities in
emerging economies
Wildcards
26. 26
So what will it take to succeed? First off, you need to establish
your long term career objectives. Then couple that with…
Success Factors for New Grads
• Solid education from a premier university
• Focus on expanding ‘global’ knowledge while still in school
– Courses in history &languages, international travel, reading (Economist)
• Emphasis on ‘hard’ degrees -- finance / accounting
• Good experience – work, athletics, volunteer, social
– Experiences that set you apart and show you as a self-starter
• Networking – use contacts to open doors – don’t be too proud
• Realism – both in your own capabilities and the jobs / salaries that are available
• Tenacity – expect to get rejected often but don’t give up
• Willing to re-locate to where the opportunities are and become a ‘citizen of the
world’
• Willing to sacrifice in the short term to build a successful future
In today’s environment, almost any job is a good job – and it’s a start
upon which to build towards your long term objectives