In the book Great by Choice, Jim Collins posits that processes are key to an organization's success. As an example, he cites John Wooden, the NCAA championship-winning UCLA basketball coach, who trained athletes on processes that included everything from shooting to tying one’s shoelaces. In practicing, a player may perfect their shoelace tying and do thousands of repetitive free-throw shots. When we watch a game from the nosebleed seats like me (...what can I say, I’m ...
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Relying on file-sharing services like Dropbox to sell products often costs stores an extra $750 per brand and hurts sales
I work with 900 retailers who tell me they are drowning in a sea of Dropbox folders containing Excel files and product images. What can we do about this? First, let’s review what’s happening: When a brand wants to share products with a store, it emails the store a link from Dropbox or a similar file-sharing service. A store may receive five to ten Dropbox links...
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Bridge has added a new feature: You can now more quickly print a registry list. At the bottom of each registry list in the right-hand corner, you'll see a "Print" icon.
The WSJ shares that corporate office space is increasingly being converted to warehouse space.
Bridge has been following this warehouse trend. If this trend were to continue, imagine warehouse space being more valuable than: retail space. Fifth Avenue may house retail distribution centers powered by robots.
VIETRI’s signature holiday collection is created from maestro artisan Alessandro Taddei’s childhood memories of stories his mother used to read to him about Babbo Natale, Italy’s Santa Claus. Alessandro relays the stories through his whimsical designs, providing us a glimpse into Old St. Nick’s daily adventures leading up to preparations for each holiday season. Stop at our Shadyside store to see the collection! Click here to shop for Vietri Old St. Nick on our this ...
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Is your car becoming a giant App Store?
Today’s WSJ shares how auto makers see your car as an iphone and want to grow via software sales. Stellantis reports that software will makeup $22b/year in sales in 2030 and its making that happen by hiring 3,000 programmers.
In a related article, we learn that GM seeks to make $80b/yr by 2030 via software sales.
The goal of these companies—and their announcements: raise their stock price (often to compete with ...
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Scott Galloway, an NYU marketing professor and soon-to-be CNN host, suggests that when we assess a market, we start by asking how much one's experience using the service has changed in the past few decades. For example, when you go to your doctor’s office, if you were to spin around and pretend it’s 1990, how different is your experience today vs. 30 years ago? Scott often critiques doctors' offices, hospitals, and colleges because he believes they have not evolved enough in services...
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Dale Hrabi of the Wall St. Journal gives readers 10 steps they can take to boost their online followers. We recommend trying these suggestions on Bridge, Instagram, and your other social media platforms. In particular, I liked these suggestions:
1. Post every day.
2. When posting, end the post with a question.
3. Respond to every review and comment.
4. Post selfies.
What is one of your business' most popular posts on social media? And, why do think it resonated so much?
...
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Today's Times shares that Amazon is hiding behind “sellers privacy” and section 230 to help fuel its books sales—even if it creates chaos in its marketplace, higher prices, and even fake books.
Thieves are ransacking traditional brick-and-mortar stores and then selling the goods on Amazon—where Amazon may get a 30% commission. The irony: the store is deprived of the initial sale AND Amazon wins.
I believe that Amazon makes it easy to sell stolen goods online because sellers can often remain hidden and provide little contact or authorizing information. I have witnessed how hard it is to find out who the seller of a product is on Amazon. Amazon is likely America’s ...
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When I was 24-years old, a market research company sent me to Philadelphia to survey potential users about a new offering from General Electric Finance. Your first question may be: "Wait, Jason was once 24?" Your second may be: "GE had a consumer finance arm?" Yes, and yes. GE was once a conglomerate with its hands in many industries, from television to nuclear reactors to jet engines. GE, like Toshiba and Johnson & Johnson, has since shrunk. But the era of the ...
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During this holiday season, does one want to tell their family and friends that they sell knock offs--or that they help Main Street? I'd vote for the latter. Yet, a new service is trying to sell knock offs and eat in to retailers' lunches.
For the last few years, retailers have been having a hard time of it: they are increasingly circumvented by the brands. With the advent of the e-commerce websites and social media, brands are pitching their wares directly to consumers and ...
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The WSJ shares that Fiesta tableware has seen overwhelming demand during the pandemic. Growth is fueled by its U.S.-based production and families’ return to at-home dining.