Business, work, and the path to and through the MBA.
You can scroll the shelf using ← and → keys
You can scroll the shelf using ← and → keys
The New York Times: “Manufacturers say there is a critical shortage of trained workers in the United States. In South Carolina, a German company is training high school students in skilled labor through apprenticeships.” Click here for the full article.
Apparently the PR firm Weber Shandwick is dubbing PANK the next trend. A blurb from New York Magazine’s piece on the trend.
"The public relations firm Weber and Shandwick would call me a PANK: a Professional Aunt, No Kids. The firm finds that the average PANK is 36 years old, has never been married, enjoys domestic activities, and has an income of $50,000 or more…”
"…Holders of the preferred shares include Claren Road Asset Management, Fairholme Funds, Blackstone’s GSO arm, Paulson & Co and Perry Capital, according to people familiar with the matter."
Thanks to my intensive CSR class at Babson I was educated about an alternative to the boundary-ridden, sterile approach to management that most tout in the U.S. Take a look at this wheel, courtesy of the website of the CEO of Homeplus, a subsidiary of the UK’s Tesco. When was the last time you saw a ceo focus on happiness, or mention community service, ceramics and being the world’s best retail CEO all in the same paragraph?
I have a lot to learn, and America has a lot to learn. We are a young nation and what I realize over time is how much we all don’t know. But an open mind is hope, possibility. And of course, I can’t imagine not liking a man that lists caffeine as a habit: always.
On the impending opening of an office in Kendall square (where else?!) WBUR reported the following:
Facebook announced Thursday it plans to build an engineering team in Cambridge. The team will focus on infrastructure projects in areas including storage, networking, security and language runtimes.
Apparently the craze Birchbox started doesn’t work for all, even if you’re retail’s supply chain king.
Goodies, a Walmart-owned subscription box service, just sent out an email they are closing shop. They recommended using Love with Food if people are still interested in a food/snack box service.
Imho three reasons Birchbox is king:
1) first to market, almost. Test-tube Beauty actually was the first but priced it wrong and didn’t market it enough. Also came from a publishing house and only sold boxes ie secondary project. Which brings me to my next point.
2) Double revenue stream: $10 box and then conversion to online beauty sales.
3) HBS alumni resources and connections don’t hurt.
Harvard Management Company revealed Lane MacDonald will become its Managing Director for Private Equity, effective December 2013. He will report to Alternative Assets Head Andrew Wiltshire.
MacDonald has been with HMC since August 2008 when he joined as senior v.p for PE. In 2012, he was promoted to his current role, managing director of HMC’s Public Markets platform, where he has monitored various investments managed externally .
MacDonald graduated from Harvard and received his MBA at Stanford.
Content is king - if you can get it right. Apparently the aim of getting a chunk of their revenue from commerce didn’t work out but the ad business (& “brand partnerships”) made up for that gap, comprising 95% of Refinery29’s revenue, according to Pando Daily.
This again makes me wonder- is there any media model outside advertising but for original content geared at the institutional finance world? Subscription is a model I want to pursue because eliminating the dependency on ad partners could mean a cleaner mission and a service customers value enough to pay for. This could take a while…
From pymnts.com via AllThingsD, “That characterization came to an end yesterday, as the two companies announced a new partnership aimed to make it easier for clients of both Square and Intuit’s QuickBooks accounting software to streamline transaction data”
Alibaba Group Holding Ltd. is moving toward an initial public offering in the U.S. after talks for a Hong Kong listing broke down following management’s proposal to keep control in a share sale, according to two people familiar with the matter.
New York-based private equity group KKR is eying clothing and shoe company Jones Group, reportedly planning to bid for the company with Sycamore Partners, according to The New York Post.
According to the market close, the Jones is valued at ~$1.15B, The Post reports, adding that a deal could fetch the company $17-18/share.
Jones Group is the parent group for its namesake clothing label, as well as Stuart Weitzman, Brian Atwood, Nine West, Joan & David, Rachel Roy, Enzo Angiolini, and Anne Klein, among others .