Every year, there are new changes, developments, opportunities, and crises in every sector. And with the advancement in technology that has been witnessed in the 21st, it is clear that we are no longer in a world where what happens in one region or part of the planet has no impact on other regions or states. In fact, it’s quite the opposite. The ability to progress financially or economically is dependent on global infrastructure, so if something affects the Chinese market, its impact must be felt in virtually all markets globally to some degree.
This story about reduced prices for rooms at the new Trump hotel in Washington, D.C. seem to confirm suspicions from Mark Cuban and other that the Trump brand is becoming toxic.
Mark Cuban predicted this, and it will be interesting to see if this trend continues after the election.
Would you stay at a Donald Trump property? Would you buy a condo with the Trump name on it? If you’re reading a blog like this, you’re probably one of the millions of people repulsed by Donald Trump’s disgraceful campaign for the presidency. You have to think that this will have an effect on his business model which revolves around the power of the Trump name.
We asked this same question five years ago during the Donald’s birther mania, but even that racist attack didn’t hurt his brand. But now with his presidential campaign and repeated racist and offensive statements, it’s hard to imagine he’ll avoid a permanent smear on his reputation.
Mark Cuban has emerged as one of Trump’s most effective critics, as many Americans respect Cuban’s business acumen, so his attacks on Trump tend to stick. Cuban has predicted that Trump will go personally bankrupt withing seven years of the election if he loses as a result of doing so much damage to his brand.
I have no idea if Trump and his children will ever go bankrupt, but I do know that I would never again stay at a Trump property. I’ve spoken to many professionals and business executives who feels the same way. Trump’s legions of supporters don’t fit the demographic of his business clientele, so Cuban may be right and this could be a real problem for Trump. One can only hope . . .
Anyone interested in the stability of the world economy can’t be happy with the Brexit mess. David Cameron took a political risk and it blew up in his face, while also offering a modern lesson of why Alexander Hamilton and James Madison were skeptical of letting the passions of the majority rule in any given moment.
Meanwhile, Donald Trump offered up a typical, idiotic and self-centered response.
In the interview above Meg Whitman explains the strategy that led HP to decide to break up. Her main point revolves around the concept of the need for companies to be nimble to react quickly to the fast-changing tech marketplace.
Her company, Hewlett Packard Enterprise, has just spun off its services business as well and is now focused on growth areas like the “Internet of Things.”