Category: Business Written by Huffington Post
For the second year in a row, 24/7 Wall St. has identified America's worst companies to work for. While company management can improve employee satisfaction, most of the companies on our list continue to make workers miserable.
In order to identify America's worst companies to work for, 24/7 Wall St. examined employee reviews at jobs and career community site Glassdoor. Based on the reviews, Glassdoor scores companies on a scale of one to five with an average score of 3.2 for the over 250,000 companies measured. 24/7 Wall St. identified the nine publicly traded companies that received scores of 2.5 or lower.
Certain industries appear more likely to have lower employee satisfaction than others. Four of the companies on this list — Dillard's Inc. (NYSE: DDS), Sears Holdings Corporation (NASDAQ: SHLD), Dollar General Corporation (NYSE: DG), and RadioShack Corp. (NYSE: RSH) — are in retail. The majority of the others provide services that require installation and repair. These include companies like home security system provider The ADT Corporation (NYSE: ADT), transaction technology company NCR Corp. (NYSE: NCR), and satellite television provider DISH Network Corp. (NASDAQ: DISH).
Last Updated on Monday, 22 July 2013 14:48
Category: Business - Original Written by Amber Bogins
The City of Detroit's filing of Chapter 9 bankruptcy may be a blessing in disguise for Detroit's business community, according to Michigan Business and Professional Association President and CEO Jennifer Kluge.
"The business community long ago committed to re-developing the City of Detroit," said Kluge. "With the City's path forward is no longer in doubt; now public officials must follow the direction of the court and finally address long-simmering financial issues which means that private sector leaders can proceed with their plans knowing that the City's financial issues are being addressed," she continued.
Kluge pointed to a number of signs that prove businesses both large and small are committed to keeping Detroit alive:
Corporate Real Estate magazine named Wayne County Economic Development as one of the nation's top-performing economic development organizations citing 10,582 new jobs and $2.2 billion in capital investment in Detroit in 2012.
Detroit was chosen No. 5 on the 2012 list of fastest growing tech cities according to tech job site Dice.com. It was No. 1 on the same list in 2011.
Major food retailers, Meijer and Whole Foods, are building new stores within Detroit's boundaries—the first for any major retailer in many years.
State officials are moving forward with the new International Trade Crossing across the Detroit River and the M-1 Rail Streetcar project.
Local business leader Dan Gilbert has purchased 22 properties over the last three years through his Rock Ventures entity.
The renovation of historical business buildings, apartments and hotels in Downtown and Mid-town seems to be picking up steam.
"These developments are continuing because Detroit has a lot of spunk on top of its reasonably priced talent and real estate," Kluge declared. "From our work with thousands of businesses across the state, we know that we have great talent and an enduring spirit of entrepreneurship in the private sector that will help to ensure Detroit's future."
Last Updated on Monday, 22 July 2013 10:24
Category: Business - Original Written by AJ Williams, Chronicle Web Editor
Here’s a wellness question most small business owners never thought about at all in 2012: Did you give yourself enough time to recharge? In other words, did you take a real vacation?
According to an American Express survey of 500 small business owners, 59 percent did not take a vacation last summer. And of those who did, 68 percent said they checked in every day.
That’s not a vacation. It’s just temporarily moving your “office” to a remote location.
Many business owners can come up with plenty of reasons why they can’t afford to get away from their businesses for an extended length of time. They worry that important customers won’t get good service and will leave for a competitor. Or that they’ll miss opportunities to pick up new business. And what would happen if there is a crisis?
Besides, vacations are for sissies, right? Wrong. They’re one of the best things you can do, not just for your personal health but also for your company.
Here are five reasons why you should make taking a vacation a priority on your schedule:
■ Avoid burnout. If your mind is fried and you’re running on fumes, your body and your business will pay the price. Debra Condren, who has a Ph.D. in psychology and owns a New York executive coaching firm, notes in a New York Times article “If you don’t get a break, you’re going to burn out, and you’ll never achieve the level of success you’re aiming for.” But if you do take a breather, she says you’re likely to return refreshed and better able to run your business.
■ Allow your employees to grow. Do you micro-manage? Are your senior-level employees comfortable making decisions on their own knowing they won’t be second-guessed? Preparing and giving them more responsibilities while you’re gone will give them confidence and added skills to benefit your company.
■ Clear your mind. Veteran entrepreneur Norm Brodsky writes in Inc. magazine “I would come back from a vacation feeling rejuvenated and able to take a fresh, uncluttered view of the business. I could see issues and problems with a clarity I hadn’t had before.”
■ Gain perspective on your business — and your life. It’s easy to get so caught up in the day-to-day fire fights that you can’t see the forest from the trees. Getting away enables you to step back and think about what you’re doing and what really matters to you and your business. As an added bonus, the team handling your job can give a fresh view and ideas about your company’s operation. Returning from a vacation is a great time to talk about systems and processes.
■ Increase the value of your company. What would happen if you were unexpectedly forced to be away from your business? Could your company run just as efficiently without you? These are the kinds of questions investors will ask to assess your company’s value. Taking a vacation gives you a chance to test the capabilities of your second in command. Brodsky sums it up best, “It was obvious to me that I was a bigger asset to the company on my return than I had been when I left.”
Editor’s note: Ken Dallafior is senior vice president, Group Business and Corporate Marketing, at Blue Cross Blue Shield of Michigan (BCBSM). He leads BCBSM’s group sales force, oversees corporate marketing and product development, and develops and implements key corporate strategies. He also provides leadership to critical sales operations such as agent relations and commissions, sales incentives and complex issue resolution for group customers and sales agents. In addition to working in the insurance industry for nearly two decades, Dallafior played professional football from 1982 to 1992. He is founder and board member of the Detroit Lions Courage House.
Last Updated on Thursday, 18 July 2013 15:39
Category: Business Written by Amber Bogins
This morning's housing starts report showed an unexpected fall to the lowest level in almost a year. Quicken Loans Chief Economist Bob Walters offers the following comments on the report:
"Conflicting with industry forecasts, housing starts fell nearly 10 percent in June from the previous month. Despite an increase in the builder sentiment index yesterday, new construction is leveling off. Rising rates have dampened some demand, although the market will grow at a healthy pace in the coming months."
Last Updated on Thursday, 18 July 2013 10:55
Category: Business - Original Written by Donald James
Some people dream of success; others wake up and work for it. Monica G. Anthony is the latter. Since 2002, she has been on an entrepreneurial mission of excellence as founder of the Detroit-based Gian-Chris, Inc., a company that began as a commercial real estate consulting entity. Through the years, however, her 11-year-old company has evolved, and now serves as the umbrella component for many of Anthony’s other innovative business, community and social ventures.
Anthony’s latest endeavor, launched last March under the auspices of Gian-Chris, Inc., represents a business partnership with Traci Lynn Fashion Jewelry. The jewelry company is a Black-owned direct sales company that sells to national and international customers. Traci Lynn Fashion Jewelry was started by Philadelphia born, Detroit raised Dr. Traci Lynn.
Anthony, through a travelling sales module called Lady MgAnthony Boutique, sells the beautiful, unique, affordable, high quality fashion jewelry, including rings, bracelets, earrings, necklace sets, watches (men and women) and sunglasses. She sells the jewelry online and at an array of locations, including home shows, churches and other places throughout metropolitan Detroit. Anthony has also put on jewelry shows in Illinois and Missouri. The fashion jewelry, according to Anthony, fits every taste, budget, and occasion. “Traci Lynn Fashion Jewelry is a wonderful and phenomenal company,” said Anthony. “Traci is a dynamic woman and leader who is motivating, inspiring and changing the lives of so many Black women who have become partners and entrepreneurs under her company. It is an awesome company…and I’m on fire.”
On fire with successful entrepreneurial endeavors is nothing new for Anthony. She has amassed many success stories as they relate to spearheading empowering projects and initiatives in civic, community and faith-based sectors, the latter of which represents some of her best and most cherished work.
As first lady of Fellowship Chapel on Detroit’s west side, Anthony is the wife of Rev. Wendell Anthony, pastor of Fellowship and a strong stalwart in civil and human rights activism. He holds leadership positions with several progressive empowerment organizations, including the Detroit Branch NAACP.
Monica Anthony is the current director of Fellowship’s James E. Wadsworth, Jr. Community Center, as well as director of the Freedom Institute for Economic, Social Justice, and People Empowerment. She mentors young girls ages 6-17 through Fellowship’s Intonjane Training Institute, which offers a rites of passage program.
In addition to her faith-based activism, Anthony is socially committed, having served on the Fannie Lou Hamer Political Action Committee Executive Board, Detroit Public Schools’ Local School Community Organization Committee, United Negro College Fund (UNCF) Fashion Fair Committee, and as a precinct delegate. Additionally, in 2008, she started the Lady MgAnthony Life of Excellence Scholarship whereby she awards $1,000 scholarship annually to one high school male and female who are college bound.
“I started my scholarship program at the same time that Oprah Winfrey began her school For Girls in Africa,” said Anthony. “Oprah has always inspired me when it comes to entrepreneurship and excellence.”
Born in Chicago and raised in Detroit, Anthony has always aspired to do great things to help empower people. After graduating from Mumford High School, she went on to earn a bachelor’s degree in African Studies, Public Policy from Wayne State University. What followed was a succession of executive administration, directorship, and event planning positions with such organizations as Fellowship Chapel, Neighborhood Services Organization, Data Consulting Group, and ACLU of Michigan.
While Anthony was extremely effective and impactful with each organization, the spirit of entrepreneurship kept calling her name. She finally answered the call in 2002 when she formed Gian-Chris, Inc.
For Anthony, the call was easy to answer as she knew the caller was God, giving her an assignment. In order to adhere to the call, according to Anthony, one must be connected to God.
“Some people get the call and respond to it; others just ignore it,” said Anthony. “I believe when something is your passion, when something is your journey, when something is your purpose, gift and assignment, you are constantly on it.
“Everyone must find out what his or her passion is.”
For more information on Traci Lynn Fashion Jewelry offered through Lady MgAnthony Boutique, log on to www.tracilynnjewelry.net/mganthony.
Last Updated on Wednesday, 17 July 2013 10:17
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