Gerry Schwartz founded Onex Corporation in 1984, and after nearly four decades at the helm, he grew the company in to one of Canada鈥檚 largest private equity and venture capital firms. Now, Schwartz is stepping down as Onex鈥檚 CEO. Schwartz is a big thinker and helped change Bay Street鈥檚 attitude to be a little more like New York, said Associate Professor Karl Moore in an interview with BNN Bloomberg.
The return of mass air travel has encountered some turbulence, to say the least. Lengthy delays and lost luggage are ubiquitous, even as air travellers often pay a premium for flights. At least 240 WestJet flights were recently cancelled as a result of a system outage caused by a computer problem at a data centre, and when delays like this occur, airlines are less able to cope with them than they were in pre-COVID times. They are understaffed, and overwhelmed.
Quantum technology has largely been confined to the lab, but it is moving ever closer to聽the world of business, writes Karl Moore in Forbes.com. With $35.5 billion in government and business investment globally, technologies like quantum computers have the potential to transform multiple sectors of the economy. 鈥淚t's like science-fiction come to life,鈥 says Scott Crowder, Vice President of IBM Quantum Adoption and Business Development.
M茅decins Sans Fronti猫res (MSF) introduced a new business model for charitable giving. 鈥淲e聽were the first ones to create the regular donation model," said Dr. Joanne Liu聽(MDCM'91, IMHL'14, DSc'16), an emergency聽physician, a professor at the School of Population and Global Health at 缅北强奸, and the聽13th President of MSF (2013-2019). 鈥淥ne of our first fundraising campaigns was 1 euro per day,鈥澛燣iu said in an interview with Prof. Karl Moore for Forbes.com. 鈥淎nd another big innovation was聽the no opt-out approach.
Politics has pervaded the world of business, writes Prof. Karl Moore in Forbes.com. Environmental, social and governance (ESG) and equity, diversity聽and inclusion (EDI) are both聽changing corporate practices.
Business leaders still need to have a strategic vision, but they also need to demonstrate compassion, empathy, and vulnerability on behalf of their company 鈥 all聽qualities that have historically been concealed to entrench a leader鈥檚 authority.
Rich Francis, owner of Seventh Fire Hospitality Group in Six Nations in Ontario and Alberta,聽 never set out to be a chef, but leveraged his time on Top Chef Canada to launch a prominent culinary career. Francis focuses on the precolonial culinary traditions of Indigenous peoples, but there are limits on what he鈥檚 able to do. 鈥淢ost of my work is in First Nations communities,鈥 Francis told Prof. Karl Moore in an interview for The Globe and Mail. 鈥淧artially because it鈥檚 illegal to do what I鈥檓 doing using Indigenous products.
When a parent pays a tutor directly, they are helping their own child succeed. But not every parent can afford to do that, and Montreal-based EdTech company Paper has a vision to address this inequity. The academic support platform, a finalist in the 2014聽Dobson聽Cup, sells its services directly to school boards, so that all students in a district are able to access them. 鈥淐harging students鈥 families doesn't align well with our values,鈥 said Paper co-founder Philip Cutler (BEd鈥13) in a story by Prof.
Dubai and Abu Dhabi are household names in the west, but there are five other emirates in the United Arab Emirates vying to establish themselves on the world stage. One of the fastest growing is Ras Al Khaimah. It鈥檚 home to RAKEZ鈥攖he Ras Al Khaimah Economic Zone, a major business and industrial hub, which claims to be home to over 15,000 companies in over 50 sectors.
The war in Ukraine jeopardizes the European Commission鈥檚 bid to become climate neutral by 2050, according to Eric Reguly, the European Bureau Chief for The Globe and Mail. 鈥淭his crisis in Europe exposed the shortcomings of renewable energy,鈥 said Reguly in an interview with Prof. Karl Moore for Forbes.com. 鈥淭here just was not enough of it around to make up for the gas shortfall when Vladimir Putin turned off the taps. This crisis really showed, to me anyway, that green energy is just not there yet.鈥
About 11,000 satellites have been launched since the Sputnik went in to orbit in the 1950s, but less than a third of them are currently active. The coming years will see a proliferation, with an estimated 70,000 satellites going in to orbit 鈥 largely to bolster communications networks, writes Desautels Prof. Karl Moore in an article for Forbes.com.
Solar energy has a great deal of potential 鈥 but the areas where it is produced are not always the same places the energy is needed most. That鈥檚 a barrier to widespread adoption, and Canadian-Mexican startup Solfium wants to accelerate solar鈥檚 adoption by making it easier to understand the economics of installing solar panels. The company鈥檚 mobile application is a one-stop shop for a quick estimate of the benefits and costs associated with installing solar energy. Users input information from their electricity bill and are instantly provided with a quote and financing options.
Competition for top talent is fierce, and effective onboarding is key to employee retention. It is especially challenging to get this right in a digital-first environment. 鈥淚f you miss your onboarding, there's a good chance that the person will leave much earlier than expected,鈥 says Simon De Baene in an interview with Prof. Karl Moore for Forbes. De Baene is the co-founder and CEO of the software company GSoft, which produces software like Softstart, an onboarding solution that鈥檚 meant to smoothen the process.
Author: Lindsay Holmgren
Chapter: 鈥淣arrative and Economic Modelling鈥
Chapter 3, Pages 40 - 54
Book: Dawson, P., & M盲kel盲, M. (Eds.). (2022).
(1st ed.). Routledge.
Barry Nalebuff has advised the National Basketball Association in negotiations with the league鈥檚 players union, and provided consulting advice to over 50 multinational companies. But the professor at the Yale School of Management doesn鈥檛 advise negotiators to project aggressiveness. 鈥淵ou don't have to be a jerk to succeed,鈥 Nalebuff told Prof. Karl Moore for an article in Forbes.com. 鈥淚 want people to start negotiation by talking about how to negotiate,鈥 says Nalebuff.
When Tim Murdoch played lacrosse at Princeton in the 1980s, his coaches were prone to yelling and screaming. And Murdoch brought that coaching style to 缅北强奸鈥檚 lacrosse team, but when he had a group of underperforming athletes, he found it just wasn鈥檛 working. So, Murdoch re-evaluated, and began focusing on the positive. It paid off. Over the next decade, 缅北强奸 won most of its games and two national championships. 鈥淚 focused on strengths instead of weaknesses,鈥 Murdoch told Prof. Karl Moore in an interview for Forbes.