Fear of Fintech

Posted by & filed under eCommerce, Managerial Accounting.

Description: Technology disrupts. Ask the taxi drivers upset with Uber. Or the hotel owners coping with competition from Airbnb. Now the banking industry is concerned that so-called fintech startups may cause users to question the value of a relationship with a traditional bank. For example, new payment processors are offering businesses much lower transaction fees… Read more »

Where’s my porcelain mug?

Posted by & filed under Managerial Accounting, Student life.

Description: Last year 3G Capital Partners LP of Brazil purchased Canadian coffee giant Tim Horton’s. It’s perhaps a sign of 3G’s famous cost-cutting behaviour that some Tim’s outlets are doing away with the  classic porcelain coffee mugs in favour of an all paper cup regime. It’s unlikely that all patrons will be happy with this… Read more »

Costing things out at the post office

Posted by & filed under Canadian Government, Managerial Accounting.

Description: During the election campaign Justin Trudeau promised to suspend the previous government’s initiative to end home delivery of mail. And, in anticipation of the new government taking office, Canada Post has interrupted its plans to make scheduled cuts to the home delivery service. While this move may be politically popular, a analysis of the… Read more »

Big banks cut costs

Posted by & filed under Accounting Principles, Managerial Accounting.

Description: TD Bank, CIBC, the National Bank and the Bank of Nova Scotia, all representatives of a highly profitable Canadian banking sector, all appear to be in a cost-cutting mode. One of TD’s moves will be to shrink its branch footprint through amalgamations and closures of branches. But TD is also proposing shrinking the actual… Read more »

Chip Wilson speaks out

Posted by & filed under Accounting Theory, Managerial Accounting.

Description:  Ousted Lululemon Chair, Chip Wilson, had some things to say about the company he founded.  The clothing company has been facing pressure from rivals such as Under Armour, pressures which had driven down Lululemon’s market value in recent months. Wilson remarked that while Under Armour has about three times the market value of Lululemon,… Read more »

Paper flyers keep on flying

Posted by & filed under Accounting Theory, Managerial Accounting, Student life.

Description: The digital world has had a deep impact on media such as movies, television, music and magazines. But for some reason, the much-maligned paper advertising flyer seems to be doing just fine. “Customers love their flyers,” said retail executive David Thorpe in a recent Globe and Mail. Apparently 98% of Canadians examine a flyer at least… Read more »

Beating a drum

Posted by & filed under Managerial Accounting, Marketing & Strategy.

Description: Ten years ago Larry Guay faced a huge challenge when his business of building furniture components was undercut by cheap knock-offs from competitors. Rather than fold up the manufacturing plant, he shifted product focus and together with his wife started Los Cabos Drumsticks. The team took their show on the road in the early… Read more »

Mobile gaming rewards

Posted by & filed under Corporate Strategy, Managerial Accounting.

Description:  McGill grad Jeremy Zuckerman is looking to disrupt the world of mobile gaming. He plans a unique strategy of paying cash rewards to players of games offered by his company WINR Games. Success does not come easily in this $21 billion industry, so it will be interesting to see if Jeremy’s reward ploy works… Read more »