Tag Archives: 2016

Business Readiness

12 Dec

Is your business ready for the effects of change on employees?

According to the 2016 Advanced Employment Issues Symposium (AEIS):

“Traditionally, when employers have sought to prepare their work teams for big upcoming changes — e.g., new processes, a new organizational structure, new software, etc. — in the workplace, the focus has been on ‘change management.’ Speaking to an audience of human resources (HR) and employers at BLR’s Advanced Employment Issues Symposium (AEIS), keynote speaker Kelli Hinshaw of Reality-Based Leadership, argues that change management is a transactional concept that helps people cope with and survive change, placing burden on the leadership team to do the heavy lifting.”

“What employers should focus on instead, says Hinshaw, is ‘business readiness’ –a transformational process that aims to make change less disruptive to the business and requires employees to quickly align and adapt. In this video, Hinshaw provides business leaders and HR with advice on how to both reduce resistance to change and turn your employees into advocates and drivers of change.”



Bravo, Patagonia!

7 Dec

Patagonia is a remarkable company that is true to its original mission: “Build the best product, cause no unnecessary harm, use business to inspire, and implement solutions to the environmental crisis.” Today, it “is a designer of outdoor clothing and gear for the silent sports: climbing, surfing, skiing and snowboarding, fly fishing, and trail running.” It operates online and through 30 stores.

What makes Patagonia distinctive from a social responsibility perspective is its giving back to the community, especially with regard to the environment. For Black Friday 2016, Patagonia pledged to donate all of its SALES revenue to environmental issues. Other companies sometimes pledge to donate from their PROFITS. But it is very, very rare for a firm to donate all of its sales.

As reported on the Patagonia blog by Rose Marcario:

“When we announced we’d give 100 percent of our global retail and online Black Friday sales directly to grassroots nonprofits working on the front-lines to protect our air, water, and soil for future generations, we heard from many of our customers calling it a ‘fundraiser for the earth.'”

“We’re humbled to report the response was beyond expectations. With your help, Patagonia reached a record-breaking $10 million in sales. We expected to reach $2 million in sales — we beat that expectation five times over. The enormous love our customers showed to the planet on Black Friday enables us to give every penny to hundreds of grassroots environmental organizations working around the world.”

“Many of these environmental groups are underfunded and under the radar, and they are overwhelmed with your commitment. On behalf of these activists and every Patagonia employee, we extend a heartfelt thank you to our customers, friends, and community worldwide who showed up to #loveourplanet.”

“You can learn more about the past recipients of Patagonia environmental grants in your community here. This additional infusion of resources will go a long way toward addressing climate change and other serious environmental issues.


Click the image to read more about Patagonia’s Black Friday 2016 environmental efforts.


What Is the State of Global Fashion?

6 Dec

Around the world, the fashion industry — at all levels and for all segments — is a key driver of the global economy. It generates trillions (that’s trillions 🙂 ) of dollars of revenue and employs millions of workers.

Recently, McKinsey & Company released a detailed report on the global fashion industry. Here are some of its findings:

“Fashion is one of the past decade’s rare economic success stories. Over that period, the industry has grown at 5.5 percent annually, according to the McKinsey Global Fashion Index, to now be worth an estimated $2.4 trillion. In fact, not only does it touch everyone, but it would be the world’s seventh-largest economy if ranked alongside individual countries’ GDP.”

“Yet, 2016 was one of the industry’s toughest years. Terrorist attacks in France, the Brexit vote in the United Kingdom, and the volatility of the Chinese stock market have created shocks to the global economy. At the same time, consumers have become more demanding, more discerning, and less predictable in their purchasing behavior, which is being radically reshaped by new technologies. It’s against this backdrop that McKinsey has teamed with the Business of Fashion to shine a light on the fragmented, complex ecosystem that underpins this giant global industry.”

“So what will change in 2017? No one would put money on volatility and uncertainty lessening. Nonetheless, our report finds that fashion companies are hopeful they can improve their performance through a combination of organic growth and leveraging new technologies. Successful companies will invest more to nurture local clientele: 2017 will be the year of organic growth by deepening relationships with existing clients, rather than through geographic, channel, and store-network expansion. And digital innovation will go behind the scenes: digitization will be the key to supply-chain efficiency, lowering procurement costs, and the enhancement of sourcing opportunities.”

To access the full report, click on the image below.


What’s on Your Shopping List? Part 2

29 Nov

Yesterday, we posted about the most popular gifts this year. Today’s post focuses on gift cards. These cards are easy to purchase and enable the recipients to buy what what most interests them — while also being somewhat impersonal.

Based on the recent survey by the National Retail Federation and Prosper Insights & Analytics, these gift card findings are clear:

“Holiday shoppers are planning to purchase an average of three gift cards with an approximate value of $46 per card, the second most-popular gift after clothing. Spending on gift cards is expected to reach $27.5 billion, up from last year’s planned $26 billion. The most popular types of gift cards include those from restaurants (35 percent of buyers), department stores (33 percent), Visa/MasterCard/American Express (22 percent), coffee shops (21 percent) and entertainment (17 percent).”


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