BSM 600 Lecture Notes - Lecture 10: Ronald Perelman, Cost Driver, Jack Welch
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Bsm 600 week 8 march 16, 2018. Continue to build brand but keep retail side current. Closed all but 2 retail stores in us to focus on e-commerce and other lines of revenue outside of operation physical stores. To remain nimble by watching how market changes and take leadership position (not being committed to bricks and mortar) De(cid:448)elopi(cid:374)g a pe(cid:396)so(cid:374)a that pe(cid:396)(cid:373)its his p(cid:396)odu(cid:272)ts to (cid:272)o(cid:373)ple(cid:373)e(cid:374)t the i(cid:374)di(cid:448)idual (cid:271)u(cid:455)e(cid:396)s" (cid:271)(cid:396)a(cid:374)d. Attach a moral standard to his brand. Bei(cid:374)g p(cid:396)i(cid:448)ate f(cid:396)ees up (cid:373)a(cid:374)age(cid:373)e(cid:374)t"s ti(cid:373)e a(cid:374)d effo(cid:396)t to (cid:272)o(cid:374)(cid:272)e(cid:374)t(cid:396)ate o(cid:374) (cid:396)u(cid:374)(cid:374)i(cid:374)g a(cid:374)d g(cid:396)o(cid:449)i(cid:374)g a business, as there are no sedar/sox (sarbaenoxley act) regulations to comply with. The senior leadership tea(cid:373) (cid:272)a(cid:374) fo(cid:272)us (cid:373)o(cid:396)e o(cid:374) i(cid:373)p(cid:396)o(cid:448)i(cid:374)g the (cid:271)usi(cid:374)ess"s (cid:272)o(cid:373)petiti(cid:448)e positio(cid:374)i(cid:374)g in the marketplace. Legal professionals and consulting professionals can work on reporting requirements by private investors. Strategic innovation is process of reinventing or redesigning corporate strategy to drive business growth, generate value for the company, its customers, and create competitive advantage.