This week on Larisa's BotW "Air France pilots end long strike"

A short summary of the article:  Basically Air France pilots are striking because of disagreements with the company, that is trying to keep up with the low cost flights, where pilots get less money for those flights ´, which they find unfair and not acceptable! 
This perfectly to our current topic, more specifically to topic 1.4 Stakeholders. This case study is a perfectly example of stakeholder conflicts, where different stakeholder groups do not agree with each other, causing a conflict between those too. In this case there are several. Employees as well as shareholders are against the new strategy of the company, where as the mangers and directors as well as the customers see the strategy as something good. Shareholders, in this case also the government, do not want the protests to continue due to loss of money that they could be receiving. Employees do not find the new strategy fair, due to less income per month, which is the reason why they are striking. Managers see an opportunity to keep up with competitors, and need to be cutting on loans because differently it wouldn't be manageable. and lastly the customers see a great chance of flying around with cheaper flights. this again shows that a company cannot satisfy every stakeholder group at once ´, and it swell shows that in ths specific case there was a very unbalanced impact on different stakeholder groups, meaning that the company will have to change something, because unmotivated and angry employees will result in unhappy customers which could in extreme cases lead to very very low income, due to customers choosing other companies for a comfortable flight. 

The Blog of the week

Portugal's growing number of young entrepreneurs

-- my very own summary of that well written article --

Since the unemployment rate in 2008, around 7.6%, it has nearly doubled by June this year, around 14.1%. Among those unemployed there are very many young adults, according to Eurostat one out of three young adults is unemployed. 

This problem has resulted into a huge amount of people being wannabe entrepreneurs. Apparently most of them seem to have very good start-up ideas, however behind those ideas there is no future. As an example they then take the 'App entrepreneurship wave' where young very smart adults develop apps, very good one, however not having any market ideas behind it. 

With this boost of young entrepreneurs, the Portuguese government decided to create a 'investment body' called  ''Portugal Ventures'' to be able to invest 20 million € a year into new start- up firms, to get them on their feet in so called 'incubators''. 

The key thing in this article however is the story of Mr and Ms Tilli, who decided in 2011 when the economy in Portugal was hit the hardest to start up their own business because Mr Tilli earned 'close to nothing' as an estate agent. They needed to do something, so they brainstormed all the ideas they had, thought about what could work out, and what will most likely not work out. They came up with the idea of starting an estate agent business with specializing in renting houses in Lisbon (something that is not very common in Portugal because a house is a pride of the owner, so everyone gets their own house at some point, mostly already in a very young age) The business started of very small, Uploading pictures, that were taken by professionals in best quality, on a Facebook side, soon got the interest if many young adults in lisbon, They slowly started building up their flow of customers, and expanded into 2 different cities and are now even thinking if the should maybe even expand a bit further, maybe Madrid ?!