Starbucks’ CEO Howard Schultz resigns. He is going to create a chain of premium coffee shops, where coffee will be fried on the spot, and a cup of coffee will cost $ 12. Starbucks now has to fight for its place under the sun with premium coffee houses and mass brands. Kevin Johnson will take the lead after Mr. Schultz. On Thursday, the company announced departure of Howard Schultz, CEO of...

Most entrepreneurs and investors never stop learning. It’s possible to repeat their success by making reading a habit. Science says that reading as much as Warren Buffett and Bill Gates can make you smarter and richer. When Buffett was asked what was the key to his success, he replied: "Read 500 pages every day. So knowledge is formed. It accumulates like compound interest. Any person can do it,...

The "think different" philosophy becomes the mantra of new-age business. How do I create a unique company and win love of customers when the market is saturated? What is a secret of successful branding? Is it possible to keep business away from growing competition? Marty Neumeier, an entrepreneur and successful business consultant of Facebook, Nike, Motorola, Adobe, Apple and the Microsoft, tried...

As it became known on Monday, investment company Berkshire Hathaway, belongs to billionaire Warren Buffett, invested $ 1.2 billion in three US airlines. As the company reported to the SEC, $ 797 million was invested in American Airlines’ papers, $ 249 million - in securities of Delta Air Lines, and $ 237 million - in the United Continental Holdings. According to CNBC television, Mr. Buffett has...

By the end of 2016, Wall Street bonuses could continue falling for the third consecutive year. This trend is reflecting reduction of number of M&A transactions, limited trading activity and lower profitability of hedge funds. According to The New York Times, citing Johnson Associates consulting firm, payments are projected to decrease by 5-10% compared to the previous year. Since 2014, bonuses...

A new study by The Boston Consulting Group shows that large and well-known companies often do not pay enough attention to level of involvement of women leaders in the workflow. As a result, their financial performance loses to those companies that actively engage women in the managerial activity. The study named "The Rewards of an Engaged Female Workforce". Experts of The Boston Consulting Group...

Complete team effort is a cornerstone of any company’s triumph. Unfortunately, managers and employees don’t always succeed in building perfect productive environment to promote growth of the organization. Patrick Lencioni wrote a book about how to fill gaps in workflow and increase effectiveness of your team. Mutual mistrust Trust is foundation of any relationship. Precisely trust gives...

According to the World Economic Forum, the global labor market will have created 2 million new jobs by 2020, yet at the same time, 7.1 million will disappear. The new jobs will appear in intellectual and high-tech sectors, while real sector and sphere of administrative will shrink. Researchers believe that there will be two groups of factors to influence the labor market: social and demographic...

General Director of Wells Fargo, John Stumpf, resigned because of a scandal, during which it became clear that the bank's employees open accounts and credit cards without consent of customers. The bank has already been fined $ 185 million, and more than 5 thousand of its employees were fired. Several states are now carrying out an investigation against Wells Fargo. Timothy Sloan, current...