Category Archives: Thoughts
On Tuesday, online retailer Jet.com opened its virtual doors to the public. Even before its launch, the start-up was reportedly in negotiations with investors for cash infusions that would value the company at a startling $ 3 billion.
So what’s unique about Jet that’s led to such a hefty valuation, the backing of prominent investors (including Goldman Sachs and Google), and the flashy media blitz the web retailer is currently enjoying?
First, Jet has an alluring pledge to bring the Costco warehouse pricing model to the web. In return for a $ 49.99 annual membership fee, Jet claims it will not make any profit from the products it sells (which will come from its inventory or partner sellers); its sole source of profit will be from membership fees. Second, founder and CEO Marc Lore has a track record of e-commerce success — previously selling his start-up, Diapers.com, to Amazon for $ 545 million.
Here is a bit of leadership wisdom: 15 The idols of the nations are silver and gold, made by human hands. 16 They have mouths, but cannot speak, eyes, but […]
Adding McMuffins and pancakes to the lunch and dinner menu is a good idea. For McDonald’s customers who cannot have enough of them for breakfast, that is. And it may help McDonald’s bottom line, as it will allow the company to achieve economies of scope—offering more products in its prime store
Forbes – Leadership
There are endless opportunities for people and organizations that can reliably and fairly take a problem off our hands.
“I’ll take care of it,” and I’ll do it well, at least as well as you can, for a price that won’t make you feel stupid. “I’ll take care of it,” and I won’t come back to you when things go sideways, I won’t ask for a bigger budget or more time, either. I won’t have excuses ready to go, I won’t stumble over the details, I won’t point fingers. I’ll merely take care of it.
It’s not easy, but it’s worth a lot.
Read my latest post over at About.com for 10 ways to make sure you and your boss start off on the right foot, and 5 ways to ensure you’ll be looking for a new job soon.