Answers to Discussion Questions: Question 1: Have you ever changed your shopping habits or chosen a specific store because of a loyalty program? Why or why not? Answer 1 (Yes): "Yes, I definitely choose stores sometimes based on their rewards. If I'm comparing similar items, I might go for the one at a place where […]
Author Archives: Court Bovee
The Great Democratization of Innovation: Unleashing the Power of Citizen Science in Business
Discussion Questions and Answers: 1. Question: This article describes the "Citizen Science Surge" as a positive development. Are there any potential downsides or ethical considerations businesses should be aware of when relying on citizen scientists? Answer: While the Citizen Science Surge holds immense potential, some potential downsides and ethical considerations exist. These include: Data privacy […]
The Hyperlocal Uprising Reshaping Retail
Discussion Questions about the Hyperlocal Hustle Reshaping Retail: 1. How can local businesses leverage the "hyperlocal hustle" to compete with larger chains and online retailers? Answer: The hyperlocal hustle presents unique opportunities for local businesses to thrive: Community focus: Build strong relationships with local customers by understanding their needs and preferences. Offer products and services […]
Teach the Four Ways Artificial Intelligence Is Changing Business
"Artificial intelligence's impact on the world is momentous, yet it can feel almost invisible at the same time. Consider modern conveniences like Netflix recommendations, Facebook's suggested articles, and even Google's search page. These are all the result of AI, and they've become so ingrained in peoples' daily lives that they are almost unnoticed." Read more […]
23 Staggering Small Business Facts
Ever since the pandemic first broke out, small businesses and their welfare have become some of the most talked-about subjects. After all, many had no choice but to shut down; and while some did so only temporarily, others closed permanently. Yet, new ones have already begun to pop up—at a rate higher than ever before. […]
The Real Value of $100 in Every State in the U.S.
It’s no secret that a $100 bill can be stretched much further in some states than others. Most people know you’ll get a lot more for your money in Mississippi than in Hawaii, but you might not realize just how much of a divide there can be between different states. To determine how far $100 will go […]
45 Fascinating Business Facts That Will Surprise or Shock You
Look beyond the economic forecasts and revenue reports and there is a bounty of interesting facts and figures. Here’s a list of 45 facts that will shock or surprise you.
Digital Transformation in Business in 2022 and Beyond: These Are the Key Trends
Businesses will need a clear roadmap for the deployment of new technologies to help them survive and prosper, whatever social and economic headwinds they may face in the future.
The World’s 25 Least Admired Companies
Many companies that rank among the least admired have struggled financially in recent years, even before the COVID-19 pandemic shook the world’s economy. CEOs are well compensated, and investors expect executives running large companies to innovate, anticipate market trends, and ensure the company is profitable. These companies’ CEOs have often failed in their duties.
These Eight Technologies Will Have the Greatest Impact on Business and Society in 2021 and Beyond
"The digital transformation has already resulted in extensive changes in the business world, and we have drawn up an overview of the technologies that we consider will have the greatest impact in the future."