Betsy DeVos: Working Towards Educational Reform

The education system in America is changing, and there is no doubt that Betsy DeVos is a big part of it. As the education minister of the United States, her role is to improve the quality of education that children receive, and improve the institutions that currently exist, which is something that DeVos had already been doing.

 

 

A prominent social activist, DeVos has been working for the betterment of the school system since the start of her career. Having seen the condition that public schools were in, DeVos knew that he had to do something that would better the development potential that children experience. She has always believed in education to be a large factor in the growth of the country and still believes that this is one of the best routes for the country to take for its overall development.

 

 

DeVos believes in the power of the people contributing to reform. She has been a part of numerous movements across the country for the betterment of educational institutions, particularly, the school charter movement. Public schools use taxpayers dollars to fund themselves and provide amenities for the children. However, the budget that is allocated for these schools is not enough to meet the growing needs of the children and is also not fulfilling the basic developmental requirements that schools need to be able to provide.

 

 

Private schools, on the other hand, using private funds, and generally, are backed by a business person or a company. Because of the large pool of funds, these schools are able to provide better resources to the children, thereby improving their overall development. If the funds that were being used for public schools were directed towards private institutions, it would allow these charter schools to increase their intake, while still being able to provide the resources to the children there. It will be able to quicken the pace of development, which can contribute to an overall better society.

 

 

Supporting movements is not the only route that DeVos took to improve the education system in America. DeVos is known to be one of the most charitable philanthropists in the entire country and helps countless people all over America through her organization, the DeVos Family Foundation. Through the foundation, DeVos supports children who do not have the resources to be able to attain better education and provides them with scholarships so that they can attend better schools.

 

 

The foundation has a special education fund that is dedicated to the educational opportunities that DeVos wants to be able to provide children with. She believes that this is one of the best ways in which she can directly help children receive a better education.

 

 

As the Education Minister of the United States, Betsy has the future of the schooling system in America on her shoulders. There is no doubt that the system has already been seeing changes and developments, which are sure to increase in the future as she partakes on more ventures to improve the education that American children receive.

 

For updates, follow Betsy DeVos on twitter.

Whitney Wolfe Herd Female Entrepreneur Who Changed the Dating World Single Handedly

The dating game has become much more comfortable now with dating sites and apps, but it continues to be a hassle in many ways for women. It is primarily because they are still subject to abuse and bullying on many of these dating apps by men, and it can be quite disturbing for many of the female members. There aren’t many dating apps out there that have addressed these issues, even when it is an openly known fact. Whitney Wolfe Herd, co-founder of Tinder and founder of Bumble, addressed this issue when she built the dating app named Bumble. It is an application that only allows women to make the first move.

Whitney Wolfe Herd left Tinder in 2014 and then went on to develop a dating app with a concept she almost always had in mind. With Bumble Bizz, Whitney Wolfe Herd Wants Networking to Be as Easy as Swiping Right. As a woman, she has been subjected to bullying and abuse quite a few times as many of these dating apps, and it is what triggered the idea in her for to develop a dating app that doesn’t allow men to contact women first, but instead the other way around. And, somehow, it is an idea that clicked with millions of people, both men, and women. The people who understand why such a move was made have been very supportive of it. Meet the Tinder Co-Founder Trying to Change Online Dating Forever

Whitney Wolfe Herd believes that while socializing is an integral part of our lives, it doesn’t have to be traumatic for women. It is with this in mind; Bumble was developed by Whitney Wolfe Herd in collaboration with Andrey Andreev, who is the founder of Badoo, a social dating network. Badoo continues to be the majority owner of Bumble, and Whitney Wolfe Herd is the CEO of Bumble, and responsible for its marketing, sales, and growth. Last year, Bumble recorded an annual sale of $100 million, and it is a figure that is expected to double this year. Bumble Founder Whitney Wolfe’s Whirlwind Wedding Was a True Celebration of Southern Italy

Whitney Wolfe Herd has had a remarkable journey in the corporate world and is one of the most successful female entrepreneurs in the industry today. If People Don’t Believe In Your Startup Business, Keep Going. She has featured in some of the top corporate and female-oriented magazines globally, including in Forbes, Elle’s, Wired UK, and Fast Company. Whitney Wolfe Herd says that Bumble is a social network app that is based on dating, and it recently also rolled out Bumble BFF and Bumble Bizz feature that allows people to make friends as well as expand their business network through the app.  Bumble’s CEO Takes Aim At LinkedIn

Fabletics is Growing to Success

Fabletics has grown into a very successful brand. They are now worth $250 million. The athleisure company offers not only convenience but affordable clothes that are trendy and attractive. Fabletics has been able to compete in a market that is dominated by big and well-known companies such as Amazon.

 

For far too long people have thought that the more expensive a product is, the better quality it is but Fabletics has redefined quality. With Fabletics, you can have your cake and eat to too. Their products are not defined by price, and they are affordable enough for most people to afford.

 

An issue that a lot of companies run into is that they have shoppers browsing and then making purchases elsewhere, but with Fabletics, that does not happen. A big reason for this is that Fabletics offers well-made products at an affordable price, so shoppers are likely to buy products in their stores. That means good news for Fabletics. in fact, 30 to 50 percent of their in-store shoppers are already members of Fabletics and another 25 percent decide to become members in-store. It does not matter where shoppers buy their merchandise, wither because it all counts towards their shopping cart.

 

Kate Hudson is actress turned entrepreneur, and it turned out to be a good fit. The star has a real eye for fashion, and she is very in-touch with her company. She doesn’t have a business background, but she doesn’t need one. She is the perfect advocate for Fabletics, and she stays very in-tune to her customer base. When new members join Fabletics, they are strongly encouraged to take the Lifestyle Quiz. This is very useful to Fabletics and helps the company to get a pretty good feel for what the customer wants. It also gives Fabletics members a very personalized shopping experience as it matched the perfect outfits to them based on their answers to the quiz.

 

Kate Hudson is not the only one who loves Fabletics, but celebrities such as Demi Lovato also love the brand and what the company stands for-confidence and great looks for less.

COO Desiree Perez Balances Her Work Within Jay-Z’s Empire

Billboard magazine compiled a list featuring some of the best female leaders in the music industry. Their “2017 Women in Music” list have honored women who were the most influential movers and shakers in today’s music world. One of Billboard’s pick was Desiree Perez, the chief operating officer of Jay-Z’s Roc Nation and TIDAL since the year of 2009. Desiree Perez is an astute businesswomen and resilient when it comes to negotiating deals and creating new partnerships. In January 2017, she sparked a deal with Sprint that ended with a $200 million investment in TIDAL, a subscription-based streaming company launched in 2014.

When rapper and multiple Grammy winner, Jay-Z released his album entitled, 4:44, on TIDAL for a freebie download sponsored by Sprint, it help to generate new members to the streaming service as well as skyrocket his new album to number one on the Billboard charts. The album also ended up receiving a platinum status before its official release, that means that it sold over a whopping 500,000 units. During spring of 2017, Live Nation, a co-onwer of Roc Nation, announced that they’ve signed a new long-term deal for a touring partnership with rapper Jay-Z, it was reportedly worth over $200 million. The rapper’s tour and new sponsorship deals crafted by Perez has seen the average gross increase impressively by 21 percent. Perez has also Bringing her C-list level to the fore, Desiree Perez offers her expert skills in management, publishing and labeling for the companies she works with.

@ Twitter.com/desireeperez01

How Fabletics Uses Authentic Customer Reviews To Drive Growth

Leveraging a brand has changed a lot over the years. Today, successful companies are driving sales by using what they call the power of the crowd. This includes making customer reviews a prominent part of their website and thus marketing efforts. Studies have shown that consumers trust online reviews as much as they trust the in-person advice they receive from family, friends, and acquaintances.

One of the prominent companies that is making good use of the power of crowds is the women’s activewear brand Fabletics. Founded in 2013, it already has in excess of $235 million in annual revenues. They have over one million members who pay a monthly fee to be a part of Fabletics and receive a customized box of clothing on a monthly basis.

In order to make the best use of Fabletics, new members are encouraged to complete a LifeStyle Quiz. This short and easy quiz helps the new member by informing Fabletics about their fashion sense. This allows Fabletics to send them clothing each month that they will love the look of. It also includes information about their clothing sizes and other information.

On the Fabletics website customer reviews have a prominent place, which is part of the company’s marketing efforts. One study says that 84% of consumers trust online reviews and use them to inform their purchasing decisions. The Chief Executive Officer of Trustpilot, Peter Holten Muhlmann, said that crowd feedback about products gives others a sense of safety and trust. He went on to say that successful brands nowadays know this and leverage crowd feedback in order to drive sales.

Consumers are very savvy nowadays. The reviews on a website need to be both authentic and genuine as people can generally speaking pretty easily spot fake reviews. Reviews can help improve a products search rankings which leads to more clicks which leads to more sales. There were two recent studies performed by The Local SEO Guide and Moz. Their study showed that positive online reviews greatly enhanced a brand’s search ranking whether on Google or another search engine.

The Fabletics brand came about in a partnership between a company that has long been an internet merchant and the actress (and noted fitness enthusiast) Kate Hudson. The executives at TechStyle Group saw that there was an opening in the market for a brand that sold well-made affordable women’s activewear that was also fashionable. They thought of Kate Hudson to help lead the brand and she is now the face of the company. She is not just a face, though, as she deeply involves herself in running the company and deciding the clothing that Fabletics sales.

It was at an event in Beverly Hills on June 6, 2017, that Kate Hudson announced the first collaboration of her company with another celebrity. This celebrity was Demi Lovato who introduced her own line of clothing she developed in a partnership with Fabletics. She said she was drawn to the brand because she loves what they stand for and how they offer clothing for all types of women.

Luiz Carlos Trabuco Will Assume Another Top Leadership Position at Bradesco Following His Appointment To The Position of Chairman

Luiz Carlos Trabuco’s standing as one of the finest bankers in recent years in Brazil was confirmed by a recent announcement that he would be taking over as the chairman of Bradesco’s board. He took over the position from an equally legendary Brazilian banker, Lazaro Brandao. Having been in the banking industry for close to eight decades, Lazaro Brandao saw it fit to call an end to his illustrious career in October 2017.

The decision to have Luiz Carlos Trabuco take over as the next chairman was largely unchallenged as he has for the last few years served as Lazaro Brandao’s deputy on the board as well as the president of the bank. However, with Trabuco now confirmed as the chairman of the board, the position of bank president has once again become vacant. While there is little doubt that taking the reins at such a huge bank could be somewhat intimidating for the incoming president, he/she will take heart in the fact that Luiz Carlos Trabuco will be there to offer guidance.

Read more on g1.globo.com

Bradesco is one of the largest financial institutions in Latin America. The $400-billion company has since 2008 been the second largest private lender in Brazil, having previously been the largest one for more than five decades. The bank has a number of subsidiaries working in the key segments of the financial sector with the most prominent ones being Bradesco Seguros and Bradesco Vida e Previdencia. Given the size and the complexity of operations at Bradesco, the bank typically prefers to select presidents from among the senior executives that have been at the bank for a long time. This ensures that whoever is selected to take over in the position is entirely green as he/she at least has a competent understanding of the bank’s culture. This strategy has been followed when appointing each of the bank’s last three presidents and is again expected to be followed during the current succession process.

Some of the names being touted to become the next president are quite encouraging. Among these names is Mauricio Minas, who currently serves as the chief overseer of technology at the bank. Fellow vice president and chief risk officer, Alexander Gluher is also seen as a key contender. Current Bradesco Seguros president, Octavio Lazari is also hoping to follow the same journey to the top as Luiz Carlos Trabuco did. Lastly, retail banking expert, Jose Pancini is also seen as having a strong chance. All of these top candidates are currently vice presidents and have been with the bank for more than two decades.

The new president at Bradesco will not be selected for another four months. The appointment is expected to be done 30 days before the shareholders meeting set for March 2018. Until then, therefore, Luiz Carlos Trabuco will continue serving in his current capacity as president of the Brazilian lender. He will at the same time also fully assume the responsibilities of board chairman, thus following in the footsteps of his mentor, Lazaro Brandao who also concurrently held both positions for a few years.

The incoming president will find the most accommodating business climate in recent years as the Brazilian economy continues to recover following the worst recession in the South American nation in a century. The challenging economic climate had forced most banks in the country, including Bradesco to lower their interest rates according to economia.estadao.com.br. While such moves ensured Bradesco’s continued survival, they also placed significant pressure on its margins. Hopefully, in the coming months, however, the incoming manager will be able to boost the bank’s profitability significantly.

Search more about Luiz Carlos Trabuco: https://www.terra.com.br/economia/trabuco-assumira-presidencia-do-conselho-do-bradesco-banco-nomeara-novo-chefe-executivo-em-marco,9fb1d7fe927d7f26678a7543f82f02edw3u6oihm.html

Scott Rocklage Is Master Of His Craft

Scott Rocklage has made a name for himself in the corporate world. Scott Rocklage attributes the success he has recorded to the firm foundation that MIT gave him. Scott went through MIT College and learned how to be a professional in the field of chemistry. MIT also shaped the professor’s interpersonal skills. At the moment Scott Rocklage is a managing partner at 5 AM Ventures. He credits his success to MIT and his wife who’s stood by her side all the while he was trying to jumpstart his career.

Scott Rocklage became a top honcho at 5 AM Ventures after a few months of joining the company. His rich background in chemistry and the healthcare sector made him one of the most important individuals in the business. Scott Rocklage also boasts of vast experience in management that spans over a period of thirty years.

 

Dr. Rocklage’s stewardship at 5 AM Ventures has seen the company fast-track the development and authorization of various drugs such as Teslascan, Cubicin, and Omniscan. Such milestones have defined the business leader as a goal-oriented individual who never stops until he has achieved his set goals. Learn more: https://www.linkedin.com/in/scott-rocklage-66aa7a12a

Scott Rocklage gathered his experience in management and pharmaceuticals development from the number of companies he steered before joining 5 AM Ventures. He was the CEO of Cubist Pharmaceuticals and later served as the Chief Executive Officer and President of Nycomed Salutat.

 

At the company called Salutat, Scott Rocklage held different roles in the departments of research and drug development. Scott has a history of working with the boards of various firms such as Epirus and Pulmatrix. The success of Dr. Scott can be attributed to his background in chemistry. His qualification from Massachusetts Institute of Technology has edified his career and professional outlook.

 

Scott Rocklage has been recognized by various bodies for his outstanding performance in the field of healthcare. He has achieved all these feats by getting the work done. What Scott Rocklage has contributed to the medical fraternity can never be gainsaid. Scott Rocklage is described by his closest friends as a hands-on manager who never stops until the work is done.

How Fabletics is Able to Compete with Amazon

Starting a business in the Fashion industry is proving to be a challenging venture, given the way Amazon has managed to capture and control over 30% of the industrial market. 70% might sound like a huge room for a company to grow, but given the level of competition from well-established brands and other new and emerging brand, that number seems insignificant.

That has not been the case for Fabletics. The brand which was founded three years ago has managed to take the market aggressively. The brand has grown to a $250 million business in that short period. This growth has been influenced by their business model that has proven to be effective. With the growing market demand and significant movement of ‘activewear,’ Fabletics have found the subscription-based model of operations to be paying off.

Unlike before where the value of the brand was determined by high prices and good quality, recent changes in the economy have rendered these determinants unreliable. Customer experience and preference, as well as brand recognition, are the primary drivers in determining the value of a brand.

In just three years, Fabletics has managed to open sixteen physical stores and are planning to open more across the U.S. Many business experts have questioned the reason behind this sudden growth. General Manager of Fabletics, Gregg Throgmartin opened up about a secret and some of the business models that have allowed Fabletics to thrive.

He credits the ‘Membership’ model as the leading growth influence, as Fabletics can deliver personalized choices at a reduced price compared to their competitors. He stresses that, by allowing users to ‘define’ themselves, it makes it easier to deliver services that are specifically tailored to fit them.

On matters relating to physical store’s success, he pointed out three main strategies that the brand has adopted;

  1. Introduction of ‘reverse showrooms

Unlike other businesses who record massive losses by using showrooms, where consumers browse offline and end up making purchases elsewhere for a lower price, Fabletics have managed to reverse the process. He explained that nearly 30%-50% of all clients who enter these stores are already members. The stores are also able to convert another 25% into members. Once a customer purchases something on the retail store, it reflects on their shopping cart online.

  1. Using Customer Data

The use of data from users has helped them stock the stores with products that are appealing to the client. This information is acquired by using data from the clients’ social media sentiments, local members’ preferences as well as real-time sales activity.

 

  1. Focus on the Clients and Culture

Fabletics understands that by being focused on the customers and determining their needs and identifying a change in culture can have a positive impact on the growth of the business. According to Corporate Marketing Officer Shawn Gold of TechStyle Fashion Group, (parent company of Fabletics), he attributes the growth to having a quality product at a great price and cooperation of everyone in the brand.

Fabletics have received quite a positive response from the market. Most of the clients have registered satisfaction and above satisfaction for the products and services. Some of the areas that recorded high satisfaction rates include the quality, price, and style.

Many people also were impressed with the survey that you have to take regarding your workout preferences. The information you submit is used to recommend the products that might suit you.

Weekend #workout plan inspired by @gingerressler's high-power moves ????

A video posted by @fabletics on

JEREMY GOLDSTEIN: OFFERING EMPLOYEE A BETTER COMPENSATION PLAN

In an article, Jeremy Goldstein describes the knockout options, which could help employees. Companies have been avoiding giving employees stock options. These companies considered stock options insecure and characterized with other disadvantages. Nevertheless, companies can still provide stocks under other forms of compensation. It is convenient for wages, equities or insurance covers.These options will increase personal earnings, especially if the value of shares increases. When employees become shareholders in such a way, they work hard. Employees will increase performance and take initiatives. They understand that if the company excels, it will bring good earning for them.

 

The stock options have similar vesting prerequisites and time limits. The ‘knockout’ idea is meant to eliminate other alternatives and remain with the most suitable option. It means that if shares’ value falls below a certain amount, they need to be removed. However, an employer should not eliminate stock because it is low for a few hours or days. A knockout should happen after a week or more of little value.

 

The knockout method reduces costs of accounting. If a stock is volatile, the company will know in a short period. As a result, no initial accounting costs will be incurred. It decreases insecurities of ownership shares shrinking. The knockout method protects employees from falling shares below the threshold. It will be clear to them that more earnings will come if the shares increase value. On the other hand, employees will lose if shares lose value.It is essential for companies and their employees to know that knockout method does not resolve all problems. It only addresses most of them. Auditors need to advise their companies about any impacts of these options.

 

Jeremy Goldstein

 

Jeremy Goldstein is a corporate lawyer by profession. He owns a boutique law firm mainly dealing with employee compensation. Before he began his organization, Jeremy Goldstein acquired some experience from Wachtell, Lipton, Rosen & Katz. His hard work earned him a partnership and rich experience. It is how Goldstein gained the confidence to start his firm.

 

Goldstein law degree is from New York University School of Law. He later graduated from the University of Chicago with an M.S. The past ten years have been significant for Goldstein. He has significantly advanced in his career. Presently, Jeremy Goldstein is the chairman of Mergers and Subcommittee. Goldstein is part of the New York’s Journal of Law and Business. He has authored works about executive compensation. Jeremy Goldstein’s aim is to continue influencing businesses and the society.

 

To learn more, please visit http://officialjeremygoldstein.com/.

Kate Hudson’s Fabletics Positioned to Battle Amazon

The reason that so many clothing companies are unable to make serious money is because there are thousands of them all fighting for the same customer. To make matters worse, you have Amazon sitting at the top of the fashion e-commerce market making 20 percent of all the sales each year. Even with all that competition, Kate Hudson’s Fabletics has appeared to break out of that pack and is making a serious charge for Amazon. In a little under three years, Kate Hudson’s Fabletics has already sold over $250 million of their unique women’s apparel.

 

To get a better understanding what caused the rise is sales in such a short time, we ask Hudson directly to talk about her athleisure brand. Hudson will tell you that the success is in direct relation to the reverse showrooming sales technique and the abundance of membership perks she offers her customers. Take a drive to the malls and look what is really happening inside any of the Fabletics retail stores. Here you will discover a unique shopping experience unlike other clothing shops. There are women taking the Fabletics lifestyle quiz, trying on all the workout apparel, and browsing racks for new releases of active-wear too.

 

To be able to compete with Amazon, you have to set yourself apart in this competitive fashion e-commerce market. That is exactly what Kate Hudson’s Fabletics is doing. Each time a loyal customer is trying on clothing at the retail store, it will be uploaded to their online account. What this means is the next time that they log into the Fabletics store, all those pieces are in the e-cart so they can simply continue shopping exactly where they left off. Since you know how the pieces or workout apparel fit, you are not going to be hesitant to buy online because of sizing issues.

 

Kate Hudson’s Fabletics rewards their customers with free shipping of the online orders, discounts on active-wear in the mall store and online, and you even get your own personal shopping assistant. Your assistant reviews the quiz answers, picks a piece of workout apparel they think you will like, adds it to your cat, then once a month you decide if you like it. These are just a few of the reasons that Kate Hudson’s Fabletics has positioned themselves in a great spot to be able to take it to Amazon and try to compete with them on a higher level.