Author Archives: IESE Library

Minimum Wages in 2019 – Annual Review

(CC) Minimum Wages in 2019/EurofoundIn most EU Member States, reviews of the statutory minimum wage rates spark a great deal of public interest. Such reviews affect the wider workforce, beyond those workers on the statutory minimum wage. Pay rates in collective agreements may be adapted in response to an increase in the minimum wage, affecting lower-paid workers more generally; social benefits may also be affected, making the impact of such revisions even more widespread.

This report covers developments in statutory minimum wages in 2018–2019 in the EU and Norway. It looks at the level of minimum wages, how they were set and how they have developed over time in nominal and real terms. It also covers major debates in relation to setting minimum wage levels. While the report focuses on the net remuneration of those receiving the minimum wage, it also documents minimum rates from selected collective agreements in countries without statutory minimum wages as well as minimum wage coverage rates of workers by gender.

Read the full report here.

EY Entrepreneur of the Year 2019

(CC) Eden, Janine and Jim/FlickrBrad Keywell, CEO of US-based Uptake Technologies, Inc., was recently named EY World Entrepreneur Of The Year™ 2019 at an award ceremony held in Monaco’s Salle des Etoiles. Brad was selected from among 761 program participants that included the 57 country winners from 47 countries and territories vying for the title in Monaco. In the program’s 19-year history, Brad becomes the third EY World Entrepreneur Of The Year Award winner from the United States. He follows former US world title winners Hamdi Ulukaya of Chobani, Inc., who won the award in 2013, and Wayne Huizenga of Huizenga Holdings, Inc., in 2005.

Brad, 49, founded Uptake Technologies, Inc., a predictive analytics software provider, in 2014 after successfully founding six companies, including Groupon, which collectively created value of over US$6b. Since its inception, Uptake Technologies, Inc. has grown from 50 people to 500 and become the fastest start-up to reach a US$2b valuation. The company now works with dozens of industrial businesses to improve productivity and efficiency by leveraging artificial intelligence (AI) to create business value from operational data.

For more information, click here.

Global Economic Prospects, June 2019: Heightened Tensions, Subdued Investment

(CC) Global Economic Prospects_06_2019/World BankThe World Bank has just published the report “Global Economic Prospects, June 2019: Heightened Tensions, Subdued Investment”.

Global growth has continued to soften this year. Subdued investment in emerging market and developing economies (EMDEs) is dampening potential growth prospects. Risks to the outlook remain firmly on the downside, including the possibility of escalating trade tensions.

Another concern is rising debt, which may make it difficult for EMDEs to respond to adverse developments and to finance growth-enhancing investments. Reforms to boost private investment and productivity growth are needed, particularly in low-income countries, which face more significant challenges today than they did in the early 2000s.

Download the June 2019 Global Economic Prospects report.

EBSLG Annual General Meeting 2019

(CC) Annual General Meeting 2019/EBSLGThe EBSLG Annual General Meeting 2019 will take place in Barcelona from June 11-14, 2019.

The theme, “Fostering Collaboration: New Horizons for Business Libraries”, invites European Business Schools Librarians’ Group (EBSLG) members to explore new ways to revamp collaboration inside the group, among business libraries and with the best players in the business information industry. Together they can discuss the conditions under which collaboration brings advantages, learning from other experiences and sharing their best innovation practices.

For the first time, the EBSLG AGM will be hosted by three business schools based in the same city: EADA, ESADE and IESE.

On Thursday June 13 the Meeting will be take place at IESE facilities. You can see here the Program.

See also the meeting website.

Most Reputable Companies in the World in 2019

(CC) bcgrote /FlickrRolex, The LEGO Group and The Walt Disney Company top Reputation Institute’s 2019 Global RepTrak® 100 – World’s Largest Corporate Reputation Study.

The top 10 companies in RI’s 2019 Global RepTrak® 100 are:

  1. Rolex
  2. The LEGO Group
  3. The Walt Disney Company
  4. Adidas Group
  5. Microsoft
  6. Sony
  7. Canon
  8. Michelin
  9. Netflix
  10. The Bosch Group

In the 2019 Global RepTrak® 100, Rolex and The LEGO Group maintain the leading positions. Netflix surged from 24th place to ninth place while Michelin moves up to the eight spot. The BMW Group, which placed ninth a year ago, and Google (third in 2018), slipped out of the top 10. Facebook had the biggest overall decline in reputation, largely driven by its perceived short-comings on governance and in the workplace.

To access the full list of the most reputable companies in the world, click here.

2019 Fortune 500 List: Largest US Companies

(CC) Mike Morzart /FlickrThis year’s Fortune 500 marks the 65th running of the list. In total, Fortune500 companies represent two-thirds of the U.S. GDP with $13.7 trillion in revenues, $1.1 trillion in profits, $22.6 trillion in market value, and employ 28.7 million people worldwide.

Walmart once again leads Fortune’s list of the 500 biggest US companies by revenue ($514,450 million). The world’s biggest retailer succeeded in posting strong growth despite a challenging economy for its shoppers. Exxon Mobil, is second with a total revenue of $290,212 million. Apple, in third position, is the most profitable of the Fortune 500 companies. Warren Buffett’s conglomerate, Berkshire Hathaway (No. 4) and Amazon (No. 5) – rounded out the top five.

For more information about the rankings and related stories, click here.

All You Need to Know About the Global Syrups & Spreads

(CC) Andy Melton/FlickrMarketLine has published the report “Global Syrups & Spreads”, which provides data on the global sector’s size, value and volume between 2014 and 2018, as well as forecasts to 2023.

The report includes size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic forecasts.

The profile also contains descriptions of the leading players (in this case: Andros Group, Inc.; Ferrero Group; Hormel Foods Corporation; and The J.M. Smucker Co) including key financial metrics and analysis of competitive pressures within the market, making use of the Five Forces analysis.

The fulltext of the report is available on the web to students, professors, research assistants and staff of the IESE community.

Training Session: Eikon for Research

(CC) EiKon/Thomson ReutersThe Library will be holding a special training session about Eikon database for Research next Wednesday, June 5, at 10:30 in Room F-102 (Barcelona South campus).

The objective of this training session is to give you a basic understanding of Eikon. Refinitiv representative Juan Rodríguez will present Eikon capabilities and functions.

The session will last approximately an hour and will include a Q&A session (ask anything!).

About the database:
Eikon is a financial information service, including market data, news, analytics and trading tools. Also country and economic data.

How to access to Eikon?
Library PC only (Financial Room). Ask staff for password.

Please confirm your attendance of the session by email to library@iese.edu or by phoning the Library desk directly (ext. 504423).

The enlightened capitalists: cautionary tales of business pioneers who tried to do well by doing good by James O’Toole

The enlightened capitalistsOverview:

An expert on ethical leadership analyzes the complicated history of business people who tried to marry the pursuit of profits with virtuous organizational practices—from British industrialist Robert Owen to American retailer John Cash Penney and jeans maker Levi Strauss to such modern-day entrepreneurs Anita Roddick and Tom Chappell.

Today’s business leaders are increasingly pressured by citizens, consumers, and government officials to address urgent social and environmental issues. Although some corporate executives remain deaf to such calls, over the last two centuries, a handful of business leaders in America and Britain have attempted to create business organizations that were both profitable and socially responsible.

In The Enlightened Capitalists, James O’Toole tells the largely forgotten stories of men and women who adopted forward-thinking business practices designed to serve the needs of their employees, customers, communities, and the natural environment. They wanted to prove that executives didn’t have to make trade-offs between profit and virtue.

Combining a wealth of research and vivid storytelling, O’Toole brings life to historical figures like William Lever, the inventor of bar soap who created the most profitable company in Britain and used his money to greatly improve the lives of his workers and their families. Eventually, he lost control of the company to creditors who promptly terminated the enlightened practices he had initiated—the fate of many idealistic capitalists.

As a new generation attempts to address social problems through enlightened organizational leadership, O’Toole explores a major question being posed today in Britain and America: Are virtuous corporate practices compatible with shareholder capitalism?.  The World in 2019 will build on three decades of publishing success: this will be the 33rd edition. It will look ahead to the Trump administration’s prospects with a new Congress, the reality of Brexit, elections in India, Indonesia, Nigeria and across Europe, tech disruptions from AI and China (could 2019 mark “peak Sillicon Valley”?), space travel 50 years after the Moon landing and culture 500 years after Leonardo da Vinci. Provided by publisher.

You can find this title at IESE’s Library catalog.

GEM Spain 2018-2019 Report

(CC) GEM Spain 2018-2019/GEM SpainThis year’s edition of the Global Entrepreneurship Monitor (GEM) Spain provides the most up-to-date picture of the state of the entrepreneurial ecosystem in Spain. The report was sponsored by The Santander International Entrepreneurship Centre (CISE), Spain’s Global Entrepreneurship Monitor Association, the Rafael del Pino Foundation, Banco Santander (via Santander Universities) and Spain’s National Innovation Enterprise.

Based on the work of more than 150 researchers from across the country with data obtained from public surveys of over 23,100 people and interviews with national economic experts, the study depicts some of the main characteristics of Spain’s unique breed of entrepreneurship. This edition also features two monographics, one about the ups and downs of the entrepreneurial journey and the other about business creation and growth in Spain.

Read the GEM Spain 2018-2019 Report (in Spanish).