At-work interactions can help build trust that transfers to remote work environments
Nearly 90 per cent of Americans would choose to work remotely, and the trend holds true among different occupational categories, demographic groups, and geographical locations. But there are still advantages to in-person contact, according to Kira Newman the editor of Greater Good Magazine. When Newman got the job, she moved to California to develop relationships in person. “It makes it easier to work together and cooperate remotely once you know someone better,” Newman told Prof.
Indigenous women are fastest growing group of entrepreneurs
There are about 60,000 Indigenous entrepreneurs in Canada, and Indigenous women are the fastest growing group of entrepreneurs. “They are outpacing all other segments” says Monica James, a member of the Peter Ballantyne Cree Nation and the regional manager for client diversity at the Business Development Bank of Canada (BDC). Indigenous women have been in business for many years, said James in an interview with Prof.
McGill Personal Finance Essentials teaches money management skills
Ever wanted to know the difference between the tax implications of a TFSA and a RRSP, but were too afraid to ask? The McGill Personal Finance Essentials teaches that and more. It’s an online course that’s free, self-paced, and open to everyone. It teaches real-life money management skills like budgeting, saving, debt, borrowing, and real estate.
Delve: Striking a New Balance in Management and Society, with Henry Mintzberg and Saku Mantere
How has management thinking changed in the past 50 years and where might management be headed today? In his research and writing, Desautels Faculty of Management Professor Henry Mintzberg covers not only the past 50 years but looks toward the future of managing organizations, developing managers, and rebalancing society, from business to politics to higher education.
Offering a signing bonus can help companies recruit new worker’s, but industry-wide worker shortages remain
Canada’s trucking industry has a worker shortage, and competition for qualified drivers is high. The last-mile delivery company Sysco is offering truck drivers up to $30 an hour – with a $10,000 bonus once they meet all of the company’s service standards. This type of incentive can help address a company’s need for employees in the short-term, but it doesn’t address the larger problem, said Prof.
Countries with high debt and a reliance on imports could face tough times
Sri Lanka is facing down a liquidity crisis. It has $50 billion in debt to foreign creditors, but no foreign currency reserves. The country foreign currency was depleted when pandemic-related travel restrictions undermined its thriving tourism industry. It also imports many goods, and costs soared as energy prices rose.
Health data analytics can help improve access to health care
Health questionnaires are time-consuming – for doctors and patients alike. “The digitalization of all of those questions would allow patients to do lot of work before visiting a physician,” says Maxime Cohen, a Professor of Retail and Operations Management at Desautels and the Chief AI officer for ELNA Medical, Canada’s largest network of clinics.
Interpersonal skills are key to managing staff during times of crisis
Even the darkest cloud has a silver lining – but there is a time and a place to mention it. When employees are struggling through a crisis, putting a positive spin on the situation can make them feel as though their concerns aren’t being taken seriously, according to Patricia Faison Hewlin, an Associate Professor of Organizational Behaviour at Desautels.
Delve: How Collaborative, Open-Minded Management Could Heal Healthcare
Walk into any hospital and you’ll witness a complex, multi-level system of personnel in action, interacting with each other, with patients, and with high-tech equipment around the clock. Healthcare systems naturally face management challenges—the COVID-19 pandemic amplified those and introduced new ones. How can management insights gleaned from the pandemic help healthcare move forward into sustainable systems that prioritize the well-being of both practitioners and patients?
Betty Zoller launches Aviva, a maker of plant-based, nut-free cheese alternatives
Animal welfare and a desire to reduce carbon emissions inspired Betty Zoller (MBA’15) to adopt a vegetarian diet. But when Zoller was looking for a nut-free cheese alternative, there weren’t any options. Many plant-based cheese alternatives are made using a base of cashew nuts or coconut oil, and seeing a gap in the available options, Zoller founded Aviva.
When wages don’t keep pace with inflation, companies risk losing their top performers
It is no secret that inflation has sent costs soaring, but wages are going up too. In a recent survey of US small businesses, more than two-thirds said they had increased the wages of their employees. Companies that don’t match inflation are essentially asking their staff to take a pay cut, says Prof. Jean-Nicolas Reyt in an interview with BBC Worklife.
IMHL alum Dr. Mark Eisenberg named James McGill Professor
Dr. Mark Eisenberg (IMHL'10) was one of nine senior scholars named a James McGill Professor.
McGill team wins honourable mention at EDI case writing competition
Congratulations to 2023 BCom Jaslie Denault and MBAs Alfonso Rodriguez Gomez, David Iacono and Kriti Pradhan, in collaboration with Faculty Lecturer Tatiana Gauvin, for their honourable me
McGill-HEC Montréal EMBAs make Poets&Quants 2022 Best & Brightest Executive MBA list
The influential business school news site Poets&Quants has named McGill-HEC Montréal EMBAs Jean-Pierre Michael and Carlos Andrade to its 2022 Best & Brightest Executive MBA list.
Clothing recycling programs do little to address fast fashion’s environmental impact
Speed and variety. These are the pillars of the fast fashion model. Retailers like H&M and Zara seek to bring style to the masses by emulating the trends of Paris and Milan, but their model of disposable clothing comes with a high environmental cost. With this business model in place, it simply is not possible for these businesses to be sustainable, said Prof.
