Friday, August 28, 2015

Vemma Temporary Halted Due to Pyramid Scheme Allegation

I wrote earlier about the Vemma energy drink business model controversy. A court has agreed with the Federal Trade Commission (FTC) and temporary halted Vemma operations due to concerns about the company being a pyramid scheme.

Read more about this issue here.

Tuesday, August 25, 2015

Company Strategies in 10-K

This was a real assignment. 

Looking for a summary of a company's business strategy? The 10-K annual report form is one possible source (available on the company's internet site, through Mergent or the SEC's Edgar database

In this example, Ross Stores explains its strategy of sourcing and pricing. This material usually comes in their business description, which is Part 1 of a standard 10-K format and early in the doc. You may also do a CTRL-F word find for keywords.

Here's a partial excerpt from their 2013 10-K:

By purchasing later in the merchandise buying cycle than department, specialty, and discount stores, we are able to take advantage of imbalances between retailers’ demand for products and manufacturers’ supply of those products. Unlike most department and specialty stores, we typically do not require that manufacturers provide promotional allowances, co-op advertising allowances, return privileges, split shipments, drop shipments to stores, or delayed deliveries of merchandise.
For most orders, only one delivery is made to one of our four distribution centers. These flexible requirements further enable our buyers to obtain significant discounts on in-season purchases.

The majority of the apparel and apparel-related merchandise that we offer in all of our stores is acquired through opportunistic purchases created by manufacturer overruns and canceled orders both during and at the end of a season. These buys are referred to as “close-out” and “packaway” purchases. Close-outs can be shipped to stores in-season, allowing us to get
in-season goods into our stores at lower prices.

Packaway merchandise is purchased with the intent that it will be stored in our warehouses until a later date, which may even be the beginning of the same selling season in the following year. Packaway purchases are an effective method of increasing the percentage of prestige and national brands at competitive savings within our merchandise assortments. Packaway merchandise is mainly fashion basics and, therefore, not usually affected by shifts in fashion trends.

Friday, August 14, 2015

Effective Business Communication

Here's some more subject headings to help out the management majors and salespeople. Heck, any one could benefit from this material.

Also: business communication is a good place to look. You will find information about streamlining your writing, communicating core ideas, and persuading an audience.

Wednesday, August 12, 2015

History Of Video Games

As you probably know, Austin is a center of video game creation and the industry.

Check out our books on the history of video games here.

Saturday, August 8, 2015

Stock Reports

Many people read investment reports before investing in a stock or mutual fund.

We have two of the best in Valueline and Standard and Poor's. They cover stocks and mutual funds as well as other investments. If you are using Standard and Poor's to search for stocks, enter the stock and then choose stock reports on the left side of the screen. An investment report should appear:

Wednesday, August 5, 2015

Business in Movies: The Network Capitalism Speech

Here's the scene in Network where Ned Beatty explains the reality of capitalism and the illusion of democracy and the nation-state to a bewildered Peter Finch.