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A Fable: How Not To Deal With Competitors

There isn’t a business in the world today that doesn’t have competitors. Coke versus Pepsi. The Yankees versus the Red Sox. Justin Bieber versus the patience of the American public. We try to be friendly about them, try not to say anything bad them (in public, at least), but there’s something we all agree on: we secretly sort of hate them. And we want to beat them, really badly. The question is, how do you deal with competitors? Do you analyze their every move and figure out counters? Do you ignore them completely and just focus on improving your own …Read more »

Is Shake Shack A Good Investment?

It seems like a familiar trend: a “fast casual” restaurant advertising fresher, better food than traditional fast food places is going public, in the hopes of raising huge amounts of money so it can quickly expand, Chipotle-style. That’s the story of Shake Shack, a burger joint with 63 locations worldwide, which started as a hot dog stand in Madison Square Park in 2000. The company officiallydeclared its intention to go public on Monday hoping to raise $100 million, primarily to build new stores. Shake Shack, like Chipotle, plans on owning its own stores, instead of franchising them out. Its plan is to capitalize on …Read more »

The New, Essential Quality To Look For While Hiring

How can Vineyard Vines get away with charging $38 for a shirt with a whale on it, when there’s something on Amazon for half that price? And when there are countless shirts at Walmart for $6? How can Tiffany’s charge twice the price for diamond rings that are the exact size and quality as their competitors? How can Whole Foods charge more than other grocery stores for similar products? The reason, according to several recent reports published in the New York Times, is authenticity. And it is becoming more and more necessary in an experience-fueled economy where all the basic product sales are being chewed …Read more »

The Costly Universality of Limbaugh’s “Bond” Thinking

Pierce Brosnan is a 6’2” tall, dark Irishman with dark brown hair. Daniel Craig is a 5’10” Englishman with blond hair and blue eyes. From purely a looks perspective, few of the actors that played Bond really look like what Bond was supposed to look like, with the closest probably Timothy Dalton. Here’s a picture of Dalton, below Ian Flemming’s original sketch of James Bond:          So the man who looks most like the original James Bond character is widely regarded as the worst James Bond ever (aside from George Lazenby, who did just one film). And …Read more »

The Top 10 Hiring Trends of 2014

The end of 2014 is near, and overall it has been a good year for the business world. While we still haven’t completely recovered from the “Great Recession” of 2008, corporate profits are up, the stock market hit record highs and gas is actuallyaffordable again. There have been tremendous changes in the hiring landscape as well in the past 12 months, much of it positive. So, without further ado, here are the top 10 hiring trends we saw in 2014 (and some bold predictions for 2015): 1. Hiring Was Up The best news of all, and something that is the root cause of …Read more »

What You Can Learn From The U.S. Gov.’s Disastrous Hiring Process

The average federal employee makes $78,500 a year and is a recipient of a benefit package almost unheard of in the private sector, including a generous retirement package and good healthcare coverage. The federal government offers jobs where people can truly make a difference, like figuring out ways to help schools to understanding the mysteries of space, something cited by many as something they want out of work. And turnover is incredibly low as well, with USA Today finding that federal employees are more likely to die than get fired. Sounds like a great deal, right? And yet, despite all those advantages, the federal government is having …Read more »

U.S. Schools Need To Assign More Of These

Over and over, we hear how the American school system is broken. We hear about underfunded schools with oversized classrooms taught by uncaring, untouchable teachers where kids graduate without knowing how to read. Frankly, I’m not so negative. I believe most of our teachers really care about kids and most students get a good education. I believe there is great opportunity in the United States for people who really dedicate themselves to a pursuit, which is why people from across the world still try to come to America, above all other nations. But there is one thing America’s schools could …Read more »

The “Best Places To Work” Are Working Their Employees To Death

Glassdoor recently released its annual “Best Places to Work” list, based off of 800,000 anonymous evaluations completed in the past year. The winner, unsurprisingly, was tech giant Google. But what was interesting was not necessarily seeing the top 10 companies, but reading the reviews of those top 10 companies. I went through each one, and I noticed a theme: yes, they offered great benefits and great leadership. But, ironically, enough, a lot of the top 10 companies were working their employees hard. Really hard. For example, here is a review from a former employee of first-place finisher Google: “I don’t …Read more »

Is Our Self-Help Obsession Really Helpful?

In 2003, ABC News published an article entitled “Want to Get Rich? Write a Self-Help Book” that detailed the explosion of popularity of self-help books. Ushered in by the rabid success of Oprah Winfrey, the genre went from occupying one shelf in the back of the bookstore to being a legitimate, hundred-million dollar industry. Eleven years later, the self-help genre has gone far beyond books, with experts suggesting it is now a $10 billion-plus market that includes everything from personal coaching to motivational speakers. And that doesn’t include most content-producing websites, particularly ones playing to the business crowd, which are …Read more »

Is Amazon’s Data-Focused Experiment The Future Of Hiring?

In 2012, Target famously got in trouble when it was revealed that, through big data, it knew a teenager was pregnant before the girl’s father did. What happened was that through the girl’s purchases and Target’s data algorithms, the company correctly determined she was pregnant and began sending coupons for cribs and baby clothes to her house. Her father saw these coupons and went to Target to complain, only to discover that his daughter was indeed pregnant and she was hiding it from him. It makes for a kind of funny, if not a bit scary, tale of both the …Read more »

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