Also, deathwatch for Googliness and surviving your holiday office party.
Also, deathwatch for Googliness and surviving your holiday office party.

THURSDAY, DECEMBER 6, 2018

Dolce & Gabbana's China Problem

Dolce & Gabbana is reeling from a self-inflicted scandal that seems unlikely to go away anytime soon.
Faux pas upon faux pas: The Italian fashion house canceled a highly anticipated runway show last month in Shanghai amid social media backlash over an ad campaign that many deemed racist and based on tired tropes about Chinese culture. It included video of an Asian woman trying unsuccessfully to use chopsticks to eat Italian foods like pizza and cannoli.
Deepening crisis: As the social media backlash spread, co-founder Stefano Gabbana appeared to defend the video, worsening the crisis with offensive comments on his personal Instagram account. Gabbana later said he hadn’t posted those comments, claiming his Instagram account had been hacked. But the denials were met with skepticism. Gabbana and co-founder Domenico Dolce issued an apology, and canceled the Shanghai show just hours before it was set to begin.
What not to wear: Still, the fiasco is far from over, says Maryland Smith’s Yajin Wang. Dolce & Gabbana likely didn’t anticipate the wide rebuke its ad campaign would prompt, nor that so many Chinese models and celebrities who were set to participate in the event would bail as quickly as they did. That withdrawal of support and a string of boycotts are detrimental.
Fashion advice: Luxury products are meant to signify social status and prestige, Wang says. But no amount of luxury can undo the ill will that’s spread like rapid fire through a country that’s home to more than 1.3 billion people. She offers Dolce & Gabbana advice as it seeks to make amends. Read more...

Canada, Not Qatar, Is Big News for Oil 

Qatar’s surprise announcement that it was quitting OPEC after nearly 60 years had analysts wondering what it would mean for the 15-member oil cartel and for oil prices. But it was a quieter development, some 6,000 miles away in Canada that is likely to have a far more significant impact on oil prices, says Maryland Smith's Charles E. Olson. Read more...

Financial Markets Get the Blues, Too

Gloomy financial markets can depress your mood, and it turns out your mood can also influence markets. When  bad economic news emerges in darker, colder autumn months, market impact is greater than when the same news surfaces in the spring, when daylight and moods are lighter. Maryland Smith’s Russell Wermers and co-authors explain the seasonality of markets. Read more...

How To Navigate the Office Holiday Party

There’s little point trying to avoid it – your office holiday party. Whether the office party is a warm and cheerful event you look forward to all year or a cringe-inducing one that fills you with dread, chances are it's already on your Outlook Calendar. To get you through it, Maryland Smith’s Jennifer Carson Marr has advice on overdrinking, oversharing and other holiday pitfalls to avoid. Read more...

A Deathwatch for Googliness

Companies must adapt when they enter a new market. But Google is contemplating something much deeper than a marketing or operational tweak in China, Maryland Smith’s Rajshree Agarwal writes in Forbes. It’s being asked to compromise on its core values. She says the company should listen to concerned employees, who issued an open letter last week. Read more...
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