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| RetailReigniting ITCCigarettes, despite the stigma associated with them, still power ITC’s profits while its non-tobacco businesses have been a persistent drag on profits. Sanjiv Puri, tipped to take the helm at ITC early in 2017, will have to decide which is the way to go |
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DigitalNetflix hires ex-YouTube executive Gaurav Pradhan as Asia headBased in Singapore, Pradhan will oversee business development in India, Indonesia, Malaysia, Philippines, Thailand and Vietnam. Pradhan previously led YouTube’s product partnerships for India and Southeast Asia. He has also worked with Yahoo in India. |
| Digital
| DigitalB2B marketplace Omnikart shuts down, co-founder joins Industrybuying Omnikart, its B2B marketplace for industrial equipment, has closed operations due to disagreement between its two co-founders on a growth strategy. The Mumbai-based startup, run by Omnikart Engineering Pvt. Ltd, shut down in March, co-founder Faisal Ansari told TechCircle. Ansari has now joine |
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HRAsean integration 'opens up opportunities' Efforts by Asean governments and the private sector to promote productivity, technology and innovation can further regional economic integration, said Ambassador-at-Large Ong Keng Yong yesterday.. Read more at straitstimes.com. |
| HR
| HRUS stocks tread water ahead of July jobs reportNew York, Aug 4, 2016 (AFP) -Wall Street stocks ended nearly flat Thursday ahead of a July jobs report that is expected to show slower employment growth in the United States compared with last month. |
| HR
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FranchiseOn what basis is the franchise fee and territory determined?The idea of charging someone for airspace disappeared long ago mainly because it was an unsubstantiated fee. In fact, nowadays, some franchisors don't give territories at all, so the notion that the franchise fee is based on territory size alone doesn't make sense. |
| FranchiseCan young blood flourish in franchising? Youth in franchising? Millennials at the helm? Can younger people with relatively little business experience (or money) learn to manage a successful franchise operation? A combination of several factors says yes – out of necessity for both prospective franchisees looking to make a living in a tough economy, and for franchisors seeking to expand their system in an era of tight credit. This confluence of economics and demographics has led to a rise in the numbers of younger people signing on as franchisees. |
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/FranchiseArchivesMotivate your unit managers with these simple steps Many new franchisees discover that they love being a franchise operator but often quickly learn that they can't always be in the store overseeing operations at all times. This is especially true as single unit operators expand. Since hourly employees typically need oversight, guidance, and sometimes redirection, many franchisee operators often turn to unit managers to help them keep the unit operating at maximum efficiencies. It's this |
/TelecomArchives /RetailArchives /FranchiseArchivesDeveloping a sophisticated approach to operate your franchise in a fiscally responsible way Those pondering a future in franchising face many important decisions. Beyond nuts-and-bolts basics such as raising capital, identifying a brand that fits, and completing the paperwork, are other – just as important – factors to consider. One such topic is what's known as unit economics. Anyone who has ever cracked open a business school textbook understands that the bottom line of the monthly financial statement of any company should reflect profitability – if the company is to survive. When the numbers are in the black the business is generating more than it's spending. It's simplistic but effective. But there can and should be a more sophisticated approach to operating a franchise in a fiscally responsible way. |
/WorkWork /TelecomArchives /ConstructionArchives /ConstructionArchives /RetailArchives /WorkWorkThe Companies That Teach Their Employees How To SleepQuestion: What do camera-maker Olympus, accountants PricewaterhouseCoopers, Shire Pharmaceuticals, Unilever and Cambridge University have in common. Answer: They are all sending employees on courses to teach them how to sleep. |
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