jerryking + seminal_moments   21

Five ways to cope when you fail to get the top job | Financial Times
Michael Skapinker

If you are one of these thwarted pyramid climbers, how do you cope? Here are five suggestions.

■ Ask yourself how much you really wanted it. No one gets to the top without personal sacrifice.....Possibly your unwillingness to make those sacrifices on the way up is what cost you that final promotion in the first place. Or possibly something else:

■ You just weren’t good enough......Think of how many people did not rise to your level and value what you did achieve.

■ It’s not over until it’s over. ....The new incumbent could quit...

■ Do something else. There is a whole world out there.... start a start-up...join a non-profit..if you have plenty of money....spend time travelling, learning a language or writing a book.
■ There are more important things in life. ....It leaves little time for reading, hobbies, artistic endeavours — all the things you will need for a fulfilling life when the job is over. You can catch up with those pursuits later, but what you cannot recover are the family and friends you neglected on the way. Treat them as you would want to be treated while you are working and they will always be there for you. That promotion you might have got is no match for that.
bouncing_back  CEOs  setbacks  disappointment  Managing_Your_Career  personal_sacrifice  inspiration  seminal_moments  career-defining_moments 
june 2018 by jerryking
Amazon shakes up grocery sector with $13.7-billion Whole Foods deal - The Globe and Mail
MARINA STRAUSS - RETAILING REPORTER
The Globe and Mail
Published Friday, Jun. 16, 2017

Amazon’s latest planned takeover “is a testament to the digital disruption of the grocery landscape,” Mr. Allison said, noting the acquisition “brings together a combined strength in digital and brick and mortar.”

Fresh foods have been a critical battlefield for grocers as consumers have increasingly shifted their spending to fresh from processed fare in a bid to eat healthier, industry experts say. And 75 per cent of consumers prefer to purchase fresh foods in person rather than online, Nielsen data show. Now Amazon will try to steal that growing but lucrative portion of the business from incumbents with the help of the acquisition, industry watchers said.

Even restaurant operators will feel the pinch of Amazon’s takeover of Whole Foods, which has a $3-billion restaurant business. Indeed, the acquisition “is a seminal moment in the world of eating,” said David Palmer, retail analyst at RBC Dominion Securities.

Amazon is speeding up its delivery capabilities in select markets to as fast as one hour, Mr. Palmer noted. “The combined company is poised to become a category killer in the home meal solution business,” he said.
Sylvain_Charlebois  Marina_Strauss  prepared_meals  grocery  supermarkets  seminal_moments  Whole_Foods  Amazon  e-commerce  retailers 
june 2017 by jerryking
Where History Is Being Made - The New York Times
I sent the Fallows Question to the Fallows themselves, and they agreed in part with my Washington answer. But they also said that the most important place to be now might be places like Erie, Pa.; Fresno, Ca.; and Columbus, Ohio.

Trump’s presence in the White House may push change to the local levels. In these cities, the Fallows argue, citizen participants are coping with declining industries, creating new civic cultures, assimilating waves of immigration, collaborating across party lines to revive everything from arts programs to tech seedbeds.

If you want to “observe” history, the Fallows say, go to Washington. If you want to “participate,” go elsewhere.

That’s a good argument, but I suppose I should close by widening the possibilities. After all, few knew about Martin Luther in 1517 or what Deng Xiaoping would unleash in 1977.....Most people can’t up and move in search of history. They’re tied down by work, family and spiritual commitments. But you only go around once in life, so if you can swing it, you might as well be where the action is.
David_Brooks  James_Fallows  Washington_D.C.  seminal_moments  Donald_Trump  local  history  engaged_citizenry  participation  pivots 
february 2017 by jerryking
Steven Mnuchin’s Defining Moment: Seizing Opportunity From the Financial Crisis - WSJ
By RACHEL LOUISE ENSIGN, ANUPREETA DAS and REBECCA BALLHAUS
Updated Dec. 1, 2016.

Federal officials expected to suffer as much as $8 billion in losses from IndyMac. That left regulators looking for someone to take over the bank and mitigate the damage. Speed was essential, since the FDIC was bracing for a wave of additional bank failures.

Mr. Mnuchin assembled an all-star cast drawn from his years on Wall Street, including Mr. Soros, hedge-fund manager John Paulson, billionaire Michael Dell’s investment firm and several former Goldman executives, including J. Christopher Flowers. They signed up on the basis that Mr. Mnuchin would personally run the bank, according to people familiar with the matter.

By now, he knew that few bidders would be willing to buy all the failed bank’s assets. And he knew he was taking a giant risk.

At the end of 2008, Mr. Mnuchin persuaded the FDIC to sell IndyMac for about $1.5 billion. The deal included IndyMac branches, deposits and assets. The FDIC also agreed to protect the buyers from the most severe losses for years. That loss-sharing arrangement turned out to be a master stroke.
turnarounds  financial_services  Steven_Mnuchin  Goldman_Sachs  opportunistic  Carpe_diem  economic_downturn  vulture_investing  kairos  seminal_moments  rainmaking  defining_moments 
december 2016 by jerryking
Goldman Sachs Has Started Giving Away Its Most Valuable Software - WSJ
By JUSTIN BAER
Sept. 7, 2016

Securities DataBase, or SecDB, the system remains Goldman’s prime tool for measuring risk and analyzing the prices of securities, and it calculates 23 billion prices across 2.8 million positions daily. It has played a crucial role in many of the seminal moments of the firm’s recent history, including its controversial trading just ahead of the financial crisis.....There is perhaps no better sign of the changes that have engulfed Wall Street than this: Goldman has recently started giving clients the tools that made it a trading powerhouse, for free.

The firm’s motives aren’t altruistic; rather, many of the edges that once made Goldman’s traders feared and admired have been blunted. New rules have limited banks’ trading risks, and made it costly to hold large inventories of stocks and bonds on their books. And electronic trading has squeezed margins, dimming the clamor of trading floors across Wall Street....Traders and executives tap into SecDB to inform how to price securities, and how the value of those assets may change with a twist on the dial on any one of thousands of potential variables. That information can be used to analyze potential trades—and then to monitor the risks posed by those positions.

What made it the envy of Wall Street, though, was its ability to scale up to include new classes of securities, new trading desks, even whole businesses. And the data it harnessed was all in one place.
Wall_Street  Goldman_Sachs  tools  traders  risk-management  informational_advantages  software  free  databases  platforms  CIOs  proprietary  slight_edge  Aladdin  Martin_Chavez  scaling  SecDB  seminal_moments  asset_values  scenario-planning  stress-tests 
september 2016 by jerryking
Marketing in the Moments, to Reach Customers Online - The New York Times
JAN. 17, 2016 | NYT | By ROBERT D. HOF .

MOMENTS are having a moment in advertising. Or at least a micro moment.....It is not just a matter of reaching people at a particular time of day, a capability advertisers have employed for decades. Randy Wootton, chief executive of the ad technology firm Rocket Fuel, which recently announced a “marketing in the moment” approach, refers to ancient Greek concepts of time: chronos, or sequential time, and kairos, a moment of opportunity independent of linear time. The latter, of course, is the one his company claims to employ for marketers.

Another key, said Brian Solis, a principal analyst at Altimeter Group, a market research firm, is that the ads need to be more useful than they are attention-getting. According to a Google survey, 51 percent of smartphone owners have bought from a different company than they intended on the basis of information found online.....However, to build brands, an effort that accounts for the majority of ad spending, companies need more than a moment. And few marketers currently have all the skills needed for moments-based marketing, such as ethnographic studies of their customers and the ability to match customer data to the right context,
intentionality  immediacy  GPS  location_based_services  Greek  LBMA  advertising  instant_gratification  purchase_decisions  brands  branding  marketing  ephemerality  impulse_purchasing  contextual  Ram_Charan  P&G  real-time  Flybits  moments  linearity  seminal_moments  chronological  kairos 
february 2016 by jerryking
Taking Risks in Love - NYTimes.com
FEB. 13, 2015 | NYT | Arthur Brooks.

If we want more love, we must conquer fear. We must take personal risks for big potential romantic rewards. Forget test-driving a relationship for 10 years, or searching for someone so perfectly matched as to resemble a sibling.

Love is supposed to be a little scary because it is uncertain. I remember moments when my own romantic venture seemed doomed and foolish. Courage means feeling the fear of rejection and loss but pursuing love anyway....The second thing love requires is mindfulness — pure focus, and total engagement in the current activity. “While washing the dishes,” the Buddhist monk Thich Nhat Hanh teaches, “one should only be washing the dishes.”

But mindfulness goes beyond the mundane; it is also the key to victory in the most audacious ventures. Emerging research shows that practicing mindfulness changes the structure of the brain in beneficial ways that make people more effective in business. Successful entrepreneurs have the uncanny ability to reside in the present moment even while working toward their goal. Lovers need the same mindful focus.
relationships  dating  marriage  courage  focus  personal_risk  romance  romantic_love  valentine  fear  mindfulness  seminal_moments 
february 2015 by jerryking
Axel Springer CEO Döpfner Keeps Digital Dreams in Check - WSJ
By WILLIAM BOSTON
Updated Feb. 10, 2014

Mr. Döpfner said content once again will be king. "That's why it is interesting now to invest in content businesses that are still undervalued." He described last year's purchase of the Washington Post by Amazon.com Inc. CEO Jeff Bezos as a watershed event that drew the battle lines between the traditional publishing industry and technology companies such as Amazon, Google Inc. and Apple Inc.

"The question is whether traditional content companies will win the game because they have learned how to use technology or whether the technology companies win because they learn how to create content," Mr. Döpfner said. "That is the great game today." [the great game]
Forbes  mergers_&_acquisitions  Germany  German  publishing  digital_media  Axel_Springer  CEOs  content  undervalued  WaPo  Jeff_Bezos  digital_disruption  seminal_moments  big_bets  content_creators  the_great_game  turning_points 
february 2015 by jerryking
Aldo seizes ‘put up or shut up’ moment for shoes - The Globe and Mail
SUSAN KRASHINSKY - MARKETING REPORTER
TORONTO — The Globe and Mail
Published Thursday, Feb. 27 2014,

Aldo announced the biggest investment in development that the company has made in its 41-year history. Over the next five years, it will spend $363-million and hire roughly 400 people in an effort to better market itself to customers who have more options than ever.

“We’re being confronted with more competition from so many different angles at this point. It’s basically a ‘put up or shut up’ moment,”....Fundamentally, Mr. Bensadoun sees this as a marketing problem.

Clothing retailers have the luxury of showing you a shoe in its proper context – in other words, as part of an outfit. One of the things Aldo is planning for its store of the future is more screens in-store (e.g. digital signage) that will help to do that, in the absence of any apparel stock.

The store could choose a top 10 looks of the week, Mr. Bensadoun suggests, which could be browsed on the screens (and on a mobile-friendly version of the same service for people on smartphones.) Those looks would specify which shoes to wear with them so that customers could pick footwear based on an overall style they identify with. It would also go the other way: for those who pick up a shoe they like, it will be possible to see how to wear it, and with what....Data are another key part of this transformation project.

Part of Aldo’s multimillion-dollar investment will be devoted to building a better data analytics team as well as hiring research and behaviour experts. This is a priority for all marketers, who face a buying public that has never been more inundated with messages – on television, on their mobile phones, tablets, and computers.

“The consumer insights and analytics department at Aldo was very much in its infancy, up until very recently,”
Aldo  shoes  retailers  e-commerce  marketing  analytics  data  Susan_Krashinsky  SHoeMint  ShoeDazzle  Zappos  customer_insights  consumer_research  contextual  seminal_moments  consumer_behavior  in-store  footwear 
july 2014 by jerryking
To Persuade People, Tell Them a Story - WSJ.com
Nov. 9, 2013 | WSJ | By Dennis Nishi.

"Lead With a Story: A Guide to Crafting Business Narratives That Captivate, Convince, and Inspire.

* Use far fewer slides. Use a lot more anecdotes
* Turn presentations into stories that your audience can relate to, instead of lecturing them on what needs changing.
* Judge performance on the quality of questions being asked and the quality of feedback received.
* Being an effective storyteller requires preparation.
* Move beyond facts and figures, which aren't as memorable as narratives, says Cliff Atkinson, author of "Beyond Bullet Points."
* Many people in business think raw data is persuasive. But when you're dealing with people from other departments and in different fields who don't understand how you got that data, you can lose them pretty quickly. * Step back and put yourself into their shoes and take them through the process of understanding," "Distill the most important facts and wrap them in an engaging story."
* Find ways to connect with your audience on an emotional level, Neuroscientists have discovered that most decisions—whether people realize it or not—are informed by emotional responses. Do legwork to find significant events in your audience's lives or your own that you can base your story on or use to reinforce your points.
* Insert anecdotes about taking care of a sick family member or a memorable customer story, says Mr. Smith, author of "Lead With a Story: A Guide to Crafting Business Narratives That Captivate, Convince, and Inspire."
* Organize your story into three acts and starting by establishing context. You want to let your audience know who the main characters are, what the background of the story is, and what you'd like to accomplish by telling it, he says. Open, for example, by describing a department that's consistently failed to meet sales goals.
* Move on to how your main character—you or the company—fights to resolve the conflicts that create tension in the story. Success may require the main character to make additional capital investments or take on new training. Provide real-world examples and detail that can anchor the narrative, he advises.
* The ending should inspire a call to action, since you are allowing the audience to draw their own conclusions about your story versus just telling them what to do. Don't be afraid to use your own failures in support of your main points.
* Whatever you do, don't preface your story with an apology or ask permission to tell it. Be confident that your story has enough relevance to be told and just launch into it. Confidence and authority, he says, help to sell the idea to your audience.
storytelling  presentations  Communicating_&_Connecting  persuasion  books  P&G  howto  pitches  buy-in  large_companies  emotional_commitment  narratives  self-confidence  preparation  empathy  seminal_moments  contextual  think_threes  anecdotal 
november 2013 by jerryking
Career-defining moments signal need for change
After September 29, 2000 | Globe & Mail | Barbara Moses

Sometimes it's not after careful analysis but in an epiphany that people realize it's time to move on. It may occur as a result of a major event such as a life-threatening illness, or it may come in the form of a realization that the work we're doing is out of sync with our values or lacks meaning.

"A career-defining moment," Moses writes, "is, typically, a signal that you need to change your course -- or at the very least, sit down and think very carefully about your future." .... Before changing jobs or careers, be sure you aren't acting hastily. "When people believe that the grass is greener elsewhere, the danger is that they will jump jobs or careers prematurely," writes Barbara Moses in "The Good News About Careers: How You'll Be Working in the Next Decade" (Jossey-Bass/Pfeiffer, 1999 -- see our full review of Moses' book ).

"Instead of doing a thorough assessment of both their short-term interests and long-term needs, they move on at the first opportunity, in the belief that all kinds of things will work out in their new job," Moses writes. "Unfortunately, in many cases, they discover that their new job is not a panacea --that in many ways they were actually happier before."

Sometimes one or two irritants with a job become magnified in a person's mind, Moses says. But, she adds, a job doesn't have to be rotten in order for it to be the right time to leave. It may be that it's become so routine that a person needs a new challenge.
Barbara_Moses  Managing_Your_Career  career_paths  warning_signs  change  seminal_moments  career-defining_moments 
december 2012 by jerryking
History Doesn't Follow the Rules
200X | TIME | Jeff Greenfield
The world can change in a day, all right, but not always the way we think it will. LOOKING FOR A LESSON IN HUMILITY? STAND AT A MAJOR historical marker, and try drawing a perfectly reasonable, prudent conclusion about where that marker is pointing.

...revised views of history are what keep successive generations of historians in business, continuously updating where the latest dominoes have fallen. Eighty years from now, scholars will still be debating the meaning of what happened 80—or even 800—years ago. We journalists like to say that journalism is the first rough draft of history—a mere acknowledgment, perhaps that there is a Higher Authority in whose hands rests the final draft.
history  unpredictability  humility  seminal_moments  historians  worthiness  journalists  journalism 
august 2012 by jerryking
Until one is committed, there is hesitancy…
Until one is committed, there is hesitancy, the chance to draw back, always ineffectiveness. Concerning all acts of initiative (and creation), there is one elementary truth the ignorance of which kills countless ideas and splendid plans: that the moment one definitely commits oneself, the providence moves too. A whole stream of events issues from the decision, raising in one’s favor all manner of unforeseen incidents, meetings and material assistance, which no man could have dreamt would have come his way. I learned a deep respect for one of Goethe’s couplets: “Whatever you can do or dream you can, begin it. Boldness has genius, power and magic in it!”

W. H. Murray Johann Wolfgang Von Goethe [thx SM]
inspiration  seminal_moments  unforeseen  boldness  Carpe_diem  commitments  affirmations  quotes 
august 2012 by jerryking
Six Months to Act: The SARS Epidemic
April 25, 2003 | WSJ | By DONALD S. BURKE.

Louis Pasteur, father of microbiology, wisely counseled that "Chance favors the prepared mind." For the moment, chance is on our side. But we have just six months to complete the job of the global eradication of the SARS coronavirus. After that, when the seasonal epidemic flares next year, it will be too late.
epidemics  HIV  viruses  SARS  seminal_moments  chance  preparation 
june 2012 by jerryking
A First Draft of History? - WSJ.com
March 12, 2005 | WSJ | By BRET STEPHENS

The cliché is that journalism is the first draft of history. Yet a historian searching for clues about the origins of many of the great stories of recent decades--the collapse of the Soviet empire; the rise of Osama bin Laden; the declining American crime rate; the economic eclipse of Japan and Germany--would find most contemporary journalism useless. Perhaps a story here or there might, in retrospect, seem illuminating. But chances are it would have been nearly invisible at the time of publication: eight column inches, page A12.

The problem is not that journalists can't get their facts straight: They can and usually do. Nor is it that the facts are obscure: Often, the most essential facts are also the most obvious ones. The problem is that journalists have a difficult time distinguishing significant facts--facts with consequences--from insignificant ones. That, in turn, comes from not thinking very hard about just which stories are most worth telling....As for the media, it shouldn't be too difficult to do better. Look for the countervailing data. Broaden your list of sources. Beware of exoticizing your subject:
Bret_Stephens  journalism  journalists  critical_thinking  history  signals  noise  frictions  pain_points  worthiness  countervailing  storytelling  seminal_moments  wide-framing  discernment  origin_story  historians  consequential  clichés  worthwhile_problems 
may 2012 by jerryking
Recovering From a Late Setback - WSJ.com
May 27, 2003 | WSJ | By JOANN S. LUBLIN

The well-publicized announcement made it impossible for Mr. White to mourn in private. But the coverage started him on the road to recovery by bringing him advice from his wide personal and professional network. "There is important work in the world for a person of your ability and integrity," wrote Fred Alger, founder and CEO of Fred Alger Management. Mr. White has been a trustee for some of the New York money-management firm's funds since 1999...Mr. White decided not to blame others for his turndown nor let the episode diminish him in any way.

He demonstrated his resolve by trying to arrange a flawless transition. Among other things, he prepared extensive background materials, then briefed Ms. Coleman face-to-face in Iowa.

Mr. White brought his inner turmoil to a cathartic conclusion during a campus dinner to honor his interim leadership in July 2002. University regents and senior officials expected perfunctory remarks. Sensing a "teachable" moment, the veteran professor instead spoke candidly about his loss to an already uneasy crowd.

"It's no secret to anyone in this room that I'm disappointed not to be able to serve the university in the years ahead," Mr. White declared. He went on: "We can choose how to think about and react to disappointment. At the extremes, one line of thought leads to bitterness and a shriveled soul; the other leads to wisdom and growth." Mr. White said his own career disappointment had enabled him to challenge himself about "what will be my work, my contributions, my sources of satisfaction and self-esteem?" He got a standing ovation.
bouncing_back  Joann_S._Lublin  setbacks  Managing_Your_Career  inspiration  Wall_Street  Colleges_&_Universities  disappointment  affirmations  seminal_moments  career-defining_moments  emotional_mastery  mybestlife  teachable_moments 
march 2012 by jerryking
Bailouts Don't Create Jobs: Startups Do - BusinessWeek
April 22, 2009 | Business Week | by Vivek Wadhwa

What we learned was that most people simply don't know how to start
companies. They have ideas and industry knowledge, but are afraid of the
risk, lack certain skills, and need financing. With the recession
causing millions to face unemployment, risk isn't much of a factor any
more. We have a unique opportunity to start educating these workers on
the basics of starting a profitable business.
start_ups  job_creation  Vivek_Wadhwa  howto  bailouts  economic_downturn  recessions  unemployment  Carpe_diem  kairos  seminal_moments 
april 2009 by jerryking

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