Ron Edmondson

JUNE 30, 2011

Most of my time was spent in an office or on the road somewhere, but when I had time I loved to hang out in the factory, especially when delivery trucks dropped off merchandise. That’s what I call the Delivery Truck Principle of Leadership. It serves as a small example of a tension, which exists in all leadership decisions.

Leadership 53

Leadership Merchandising Cost Blog 53

HR Digest

FEBRUARY 5, 2022

3) Social media manager/writer: If you’re good at writing about social media trends and ideas on expanding for companies’ marketing and advertising campaigns, this could be a great career choice for you. We tend to think they can’t take direction and would never last long in any leadership position.

Career 98

Career Advertising Merchandising Media 98

Strategy Driven

APRIL 24, 2019

Just how UFC became a viable media property for Disney holds lessons for any company seeking legitimacy and business success in today’s market. In a sense, the UFC is also in the story and character business, but marketed to a different demographic than Disney. Master market symmetry. Work to gain legitimacy.

Industry 55

Industry Sports Merchandising How To 55

Strategy Driven

JULY 13, 2011

It turned out that the unit was driving profits by raising prices and cutting marketing and advertising expenditures. Higher prices and reduced advertising created an opening for competitors to take away market share, which they did. So while profits were rising and ROIC was high, market share was declining.

ROIC 62

ROIC Balanced Scorecard Metrics McKinsey 62

Ron Edmondson

JUNE 15, 2011

I was interested in learning from Mark’s leadership. Here is an interview with Mark Schoenwald: How do you keep up with current trends and the market in our industry? Also, get out of the office and get into stores and online to understand the focus of merchandising and promotions. Lastly, ask the consumer.

CEO 58

CEO Chief Executive Officer Learning-by-Doing Delegation 58

Strategy Driven

MAY 23, 2016

Companies spend millions, sometimes billions of dollars in advertising, branding, merchandising, strategizing, and every other element of marketing that they believe will bring business success. But if there are people involved, marketing means nothing if the people are not great. Every today is a window to your every tomorrow.

Company 50

Company Advertising Merchandising Retail 50

Harvard Business Review

OCTOBER 6, 2014

Private label (retail-branded merchandise) has been growing for years – since Sainsbury and Marks & Spencer invented it over 100 years ago – increasing in quality and forcing down brand premiums. The hard discount format accounts for as much as 40% of the German market, and for some good reasons. Everyone shops at Aldi.

Retail 15

Retail Merchandising Discount Price 15

Harvard Business Review

MAY 24, 2012

Every business day, companies cede hard evidence to the political agendas of a willful manager or department, and these companies span geographies, industries, revenues, and market segments. It takes leadership to establish decision management and closed-loop measurement practices. Go ahead and do your analysis.

Merchandising 14

Merchandising Risk Management Supply Chain Retail 14

Harvard Business Review

MARCH 8, 2011

The surest way to build a company whose leadership will outlast your own is to focus your attention on the few essential things that your company can do better than anyone else. Are we focused strategically on markets where we can compete effectively? Are we focused strategically on markets where we can compete effectively?

Merchandising 15

Merchandising Budgeting CEO Pharmaceuticals 15

Harvard Business Review

MARCH 12, 2013

Young scientists will invent energy-saving or health-promoting products, incubate new ventures while still in college, and sell them to markets eager for ways to control energy or health care costs. In itself, that's a sign that cities will become greener, as social entrepreneurs, supported by mayors, promote urban agriculture.

Health Care 17

Health Care Merchandising Incubator Airlines 17

Harvard Business Review

JULY 31, 2017

Retailers combine data on demographics and weather to predict sales and develop merchandising plans. Housing market price changes can be more accurately predicted from analysis of Google searches than by a team of expert real estate forecasters. One area so far relatively untouched is change management.

Marketing 8

Marketing Root Cause Analysis Management Supply Chain 8

Harvard Business Review

JULY 3, 2014

The board’s challenge is to decide what deficits it can live with (usually because they can be compensated for by the rest of the leadership team), and which two or three criteria are non-negotiable must-haves. Among the others was merchandising experience, which the heir apparent, like his mentor, had in spades.

CEO 17

CEO Six Sigma How To Apparel 17

Rich Gee Group

JANUARY 4, 2011

I wanted my money back – I had the receipt, I had the merchandise in perfect condition, and virtually everything in the store was on sale at that time. Customer Service is a part of marketing. The closest I came was Prime Computer UK where, and only for expediency, Marketing was once a part of Customer Service.

Licensing 332

Licensing Price Merchandising Ethics 332

Leading Blog

JUNE 26, 2024

Rather, it’s consumed by materials buyers, merchandisers, marketing and advertising teams, as well as the finance department — not to mention the fabricators of the shoes. A Practical Guide to Customer-Centric OKRs * * * Follow us on Instagram and X for additional leadership and personal development ideas. * * *

Objective 369

Objective Merchandising Finance Policies 369

Harvard Business Review

MAY 27, 2013

I have met with, interviewed, emailed or tweeted with librarians, salespeople, educators, thirteen-year-old kids, marketers, technologists, consultants, business leaders, social entrepreneurs — from countries all over the world — who have an idea, want to go public with it, and, in some cases, build a sustainable enterprise around it.

Entrepreneur 13

Entrepreneur Career Merchandising COO 13

Harvard Business Review

NOVEMBER 15, 2017

By taking this approach, Amazon can improve its processes swiftly and the company’s senior leadership stays in touch with what’s happening on the front line. But it does this at a lower cost by pulling merchandise from its other larger mall-anchored stores and web site instead of keeping inventory for purchase in stock.

Retail 14

Retail Chief Executive Officer Supply Chain Operations 14

Harvard Business Review

AUGUST 6, 2014

At the time, though, we were just in search of a new approach to building a sustainable business in that critical but often difficult market. In fact, you could say (and many did) that our previous attempts had failed, in that we hadn’t established a sustained market position. Things hadn’t gone well up until that point.

Chief Financial Officer 14

Chief Financial Officer Learning-by-Doing Operations IPO 14

Harvard Business Review

JANUARY 20, 2015

The market exit will stop Target’s continued losses in Canada and help the company focus on its strategic initiatives in the U.S. such as smaller stores in urban places, mobile and online, and its cheap chic merchandising focus—to “be cool again,” as Cornell told Target employees in the fall.

Retail 8

Retail Merchandising Discount Price 8

Harvard Business Review

NOVEMBER 14, 2012

The company is doing pretty well: it has over 800,000 active sellers and a 15 million-person marketplace across 150 countries, and last year its gross merchandise sales reached $525 million. For Etsy's leadership, this was an opportunity to engage their entire team by giving them ownership of how to make Etsy better.

Merchandising 10

Merchandising Brainstorming Commitment Proposal 10

In the CEO Afterlife

FEBRUARY 17, 2013

It might even increase sales of vintage Redskins merchandise. The official Earls’ word on the matter is this: “We have learned from participating in the human-rights complaint process that many persons with albinism are genuinely offended and feel that their dignity is negatively impacted by the use of the word ‘albino’ in our marketing.”

Brand 243

Brand Politics Merchandising Sports 243

Harvard Business Review

SEPTEMBER 4, 2015

This would mean, for example, working in R&D to lead pharma innovation, new product development for high tech, and product design or merchandising for fashion retail. And these often have to be significantly better than what’s on the market (in other words, breakthroughs) due to the high cost of R&D. tax jurisdiction.

CEO 8

CEO Innovation Pharmaceuticals Merchandising 8

Harvard Business Review

OCTOBER 18, 2018

Barker had licensing deals with sports leagues to make merchandise with their logos and partnered with large brands to produce it for retail markets, and when Lance took the company over, its revenues were about £100 million. “I did talk to that leadership development firm last year,” he said. ” This Mess.

Case Study 15

Case Study Team CFO Merchandising 15

Harvard Business Review

MARCH 14, 2013

Dunkin Donuts :> Make and serve the freshest, most delicious coffee and donuts quickly and courteously in modern, well-merchandised stores. Let's look at another example, this time between Starbucks and Dunkin Donuts. Starbucks : Our mission: to inspire and nurture the human spirit — one person, one cup and one neighborhood at a time.

Mission Statement 13

Mission Statement Sports Merchandising Brand 13

Harvard Business Review

MARCH 12, 2013

Young scientists will invent energy-saving or health-promoting products, incubate new ventures while still in college, and sell them to markets eager for ways to control energy or health care costs. In itself, that's a sign that cities will become greener, as social entrepreneurs, supported by mayors, promote urban agriculture.

Health Care 9

Health Care Merchandising Incubator Airlines 9

Harvard Business Review

JULY 3, 2014

The board’s challenge is to decide what deficits it can live with (usually because they can be compensated for by the rest of the leadership team), and which two or three criteria are non-negotiable must-haves. Among the others was merchandising experience, which the heir apparent, like his mentor, had in spades.

CEO 9

CEO Six Sigma How To Apparel 9

Harvard Business Review

JULY 13, 2016

In today’s fast-changing, unpredictable environments, companies must simultaneously exploit existing profitable business models to run their core business and also explore new products, markets, and models to drive growth. of your market cap to about 25%—Pixar was about 10% of Disney. My philosophy is exactly the opposite.

Film 8

Film Creativity Merchandising Short-term 8

Harvard Business Review

AUGUST 4, 2015

Through trial and error, P&G, like so many other globalizing firms, overcame initial stumbles and became more adept at customizing products to local markets. By the 2000s, they had developed a methodology for a new class of culture-specific line extensions for specific markets, helping drive growth. Healthy debate.

Globalization 8

Globalization Company Self-aware Merchandising 8

Harvard Business Review

JUNE 21, 2013

The book is a calling card, an icebreaker, a doorstop, a representative, a leave-behind, a marketing brochure, a love letter, a non-lethal weapon, a time-whiler, a discussion-starter, a manifesto, and an excuse to start a group whose real purpose is to gossip or drink wine. Communication Entrepreneurship Leadership' All-purpose tool.

Books 8

Books Merchandising Video Sharpe 8

Harvard Business Review

MAY 5, 2016

” That clean-sheet perspective emboldened Intel’s leadership to abandon memory and focus on microprocessors. Stagnant growth in its core PC market recently led Intel to announce layoffs of roughly 12% of its workforce. The company will also eliminate a key chipset in the difficult tablet and smartphone market.

Levitt 8

Levitt Disaggregation Kaizen Call Center 8

Harvard Business Review

JUNE 26, 2017

As the industry moved toward an emphasis on customer service and merchandising, the company fell behind, because its employees were focused more on increasing inventory turns and sales per square foot. And your sales and marketing departments aren’t working at cross-purposes, each with its own view of what success looks like.

Brand 8

Brand Company Operations Merchandising 8

Harvard Business Review

AUGUST 11, 2015

Our work covers each brand’s visual identity, from the product itself all the way to the marketing and merchandising activities that bring a brand to life across different platforms—music, sports, fashion, and so forth. Let’s say that in the room there is a marketer who tells me the brand is not visible enough.

Organization 8

Organization Brand Six Sigma Innovation 8

Harvard Business Review

JANUARY 27, 2017

Even better, they would respond 10 times faster to market moves than existing processes while requiring minimal human intervention. At one American retailer, an autonomous ensemble of algorithms replaced the entire merchandising department. Human leadership defers to demonstrable algorithmic power. That was the challenge.

Outsourcing 8

Outsourcing Software CAPEX Competitive Advantage 8

Harvard Business Review

MARCH 29, 2018

.” Similarly, while some managers expressed anxiety about having to post schedules two weeks in advance, 90% managed to do so (excluding three outliers where constant changes in store leadership subverted stores’ ability to comply with company policies). How cognitive bias and agency misattribution underpin unstable schedules.

Retail 8

Retail Productivity Products Cost 8

Strategy Driven

APRIL 4, 2014

Employee theft and shoplifting accounting for 15% of the retail cost of merchandise. Power Stars to Light the Business Flame , by Hank Moore, encompasses a full-scope business perspective, invaluable for the corporate and small business markets. 35% of employees steal from the company. 56% of employees lie to supervisors.

Budgeting 77

Budgeting Succession Consultative Crisis 77

Strategy Driven

JUNE 22, 2012

This is not written to take swipes at responsible branding, marketing and advertising. Branding is a sub-set of marketing, which is a sub-sub-set of corporate strategy. Cause-related marketing materials. My analysis: The stock market looks primarily at profits…one small part (1%) of the business picture.

Brand 50

Brand Analysis Advertising Software 50

Harvard Business Review

APRIL 11, 2013

Under Johnson''s leadership, Penney''s share price plunged by half and the company lost $4 billion in sales. Pundits have ascribed Johnson''s debacle to hubris, incoherent pricing, drive-by leadership, overpromising, reckless haste, inept deal-making (ask Terry Lundgren ), and failing to listen to customers. It''s true. Hubris, right?

Merchandising 12

Merchandising Retail Gordon Price 12

Harvard Business Review

JULY 17, 2015

’ the questions must be asked, ‘WHY did we start doing WHAT we’re doing in the first place, and WHAT can we do to bring our cause to life considering all the technologies and market opportunities available today?’” In 1921, two brothers started the company to serve the ham radio market.

Brand 8

Brand Merchandising Retail Real Estate 8