Richard Liu Qiangdong Builds JD.com From Failed Physical Stores

 

When companies fail, their founders usually abandon the business. Under most circumstances, businesses fail due to poor leadership, poor work ethic, or changes to the community. There are rare instances when health hazards cause a company to fail. In those instances, companies tend to remain close.

In 2003, China experienced a nationwide SARS outbreak. SARS immediately made it dangerous for people to have face-to-face contact. This meant that brick-and-mortar establishments faced a gloomy outlook, regardless of what business they were in. Many closed their doors and never reopened, but a few found new ways to reach customers.

Richard Liu Qiangdong is one of China’s most successful entrepreneurs, and his solution to the SARS crisis gave birth to China’s second most successful online company. Liu Qiangdong first real job was as a freelance coder, something he started doing after learning computer programming.

His freelance work was just a way to make extra money while attending the China Europe International Business School. At that time, his grandmother fell ill, and he needed money for her treatment. He also used that money to open a small restaurant, officially breaking into the entrepreneurial game. See Related Link for more information.

The restaurant venture ended badly, as the business went belly up due to his lack of commitment. Restaurants require constant attention from owners and managers, but Liu Qiangdong only dedicated two hours a week to the business. After that failure, Liu Qiangdong decided to wait before trying to open another company.

In 1998, he got another opportunity to branch out on his own after acquiring a four-square-meter store. He opened a little shop that sold magneto-optical products. For a name, he combined the last characters of his and his then-girlfriend’s names. Jingdong became a massive success in Beijing. Five years later, there were 12 Jingdong stores nationwide.

Unfortunately, 2003 was the same year of the SARS outbreak. With brick-and-mortar stores no longer safe, Liu Qiangdong moved his company online. Jingdong became JD.com, and Liu Qiangdong found greater success.

 

Visit him on https://www.forbes.com/profile/liu-qiangdong/#711217232c0d

 

One Step Closer to Reclaiming What Papa John’s Lost

Everybody makes mistakes but the most important thing is to apologize and that is what Papa John’s CEO. the company has been facing difficult times but the choice to apologize directly was a wise one. Not only did it speak directly to every customer but it also showed sincerity, remorse and willingness to take responsibility for all offense caused.

In the letter, the intuitive CEO tells his customers that he realizes that they were hurt and he too was pained by the fact that they were offended. He goes to say that racism will not be tolerated at the company. Steve Ritchie goes on to point out that Papa Johns (ir.papajohns.com) is not just one person but the 120,000 who live within the community and all over the world that works at various levels of the company. He then listed the number of actions the company was going to talk to ensure that something similar would not happen again.

Steve Ritchie Papa John’s promised that the company was going to set new goals on inclusion and diversity and that senior management will travel to the various stores to listen to customer and staff views. He asked the customer to hold the company accountable as they go throughout the process. He went on to say that he was personally going to be leading the actualization of the plan.

This letter has all the characteristics of a good apology. When apologizing it important for one to take responsibility for their actions and this letter does just that. He also went on to promise that the offense would not be repeated and such behavior will not be tolerated at Papa Johns.

When apologizing one should also take time to show what they are going to change and the CEO gives a list of things the company would be doing to be better and get back the trust they have lost. He showed emotional maturity by not only giving a direct apology but by making himself accountable. This apology shows that Steve Ritchie is sincere in his desire for the company to regain what it has lost.

More info: https://www.bloomberg.com/profiles/people/17045820-steve-m-ritchie

Doe Deere: Making Lime Crime Become of the Largest Beauty Products Brand

Doe Deere is a young entrepreneur who created her business out of her passion: make-up. For her, wearing make-up makes her more comfortable and confident, and it helps her face the public. Establishing Lime Crime came from the idea that her business should revolve only on her passion, and she also thought that having a business selling products that she loves would make it easy for her to manage it. The demand for make-up products in the United States is high, due to the increasing number of interested people who wanted to use the product. Doe Deere never had any difficulties in managing her business, and she also creates new products that would get the attention of millennials and other people from different age brackets.

Doe Deere used to lack confidence when she was still a kid, but when she tried her first make-up, everything changed. She felt empowered and more confident wearing make-up, and she started to buy lots of make-up from the market. Eventually, she established her own company, creating new connections and networks to increase her market size. Managing a business at a young age is not that complicated, and all she has to is to keep her stock high and to manage her website to attract more clients. She also said that managing her business requires her to be healthy all the time. She is making sure that she gets enough sleep, and she also tries to avoid any stresses that would make her feel uncomfortable.

Doe Deere is also fond of doing more exercises and eating healthy foods like fruits and vegetables. Her daily mantra of keeping a healthy lifestyle contributed to the success of her company because she always has an alert mind on what she has to do when managing her business. At the office, she is making sure that her employees are treated right, and she is also creating an open relationship among her employees. The workers credit her at Lime Crime as an inspiring leader, who keeps on motivating her employees to become successful. Lime Crime continues to become one of the leading beauty products brands in the United States.

https://www.entrepreneur.com/article/318714

Louis Chenevert Passion towards Investment

Louis Chenevert had a great passion for investing in Technologies. This was the ultimate drive towards the future advancement and growth of the United Technologies Corporation (UTC). As the president of UTC, Louis Chenevert vision was is the driving force in backing up the United States economy as well as helping in the production of United States manufacturing jobs that that remains in this country. Currently, Pratt & Whitney runs various manufacturing plants in various regions such as Georgia, Connecticut, Maine, Florida, Michigan as well as New York City. These plants develop supply chains that don’t touch each state all over the country. These plants have invested over one billion USD to meet all the requirements of all the current clients and the future customer too.

There came a time when Louis Chenevert decided to interlink the two companies, i.e., UTC and Pratt & Whitney. He was not only focused on the benefits of the company, but he was also envisioned at a future time in which that connection would result in the employment of many talents of the upcoming generation. This is what is happening today. United Technologies Corporation is ought to provide some job opportunities for more than 25,000 new employees and establish at least 5,000 new posts that will finally be in support of the growth of the future innovative platforms.

We need to retrogress back to Louis Chenevert early life for a better understanding of him and how his career in conjunction with his lifetime success was instrumental in United Technologies Corporation. He was born in Quebec, Canada. He pursued a B.Sc. degree in production management at HEC Montreal. After his academic life, he then spent 14 years serving at General Motors after which he shifted to Pratt & Whitney. Six years later, after serving in this Canadian Corporation, he was nominated as the President of this company. He was so committed such that in the year 2009, he managed to the winner of the prestigious Honor Award that was awarded by the National Building Museum. In 2011, He was awarded an honorary doctorate by HEC Montreal. It was still in the same year that he was entitled as the “Person of the Year,” by Aviation Week & Space technology.
http://www.utc.com/News/News-Center/Pages/UTC-Chairman-Chief-Executive-Officer-Louis-Chenevertrecognized-with-the-Publi.aspx

E-Commerce Genius: Richard Liu Qiangdong

 

Graduating from one of the most prestigious universities in China, Renmin University with a degree in Sociology back in 1996 – Richard Liu has invested his time and effort as a young adult in developing and practicing his technological prowess through diving through independent coding work. Richard Liu Qiangdong after finishing in Remnin University, he then followed this up with a Executive Masters Business Administration Degree from the China Europe International Business School — where this was followed by a career in a Japan Life. From here on out, Richard Liu built his e-commerce empire to what is now known as JD.com.

JD.com is now backed up and supported by stockholders and major business partners like Walmart, Farfetch, WeChat and Alibaba to name a few. This is cemented on the skills, professionalism and trust founded by Richard Liu.

Richard Liu’s company, JD.com is the very first China based Internet company to be part of the Fortune 500 List – and Richard Liu Qiangdong in Fortune’s list of the “World’s Greatest Leaders”.

Earlier this year, back in January, in Davos – Klosters, Switzerland – Richard Liu Qiangdong attended, and delivered a speech to all of the world, and in front of world leaders: United States President Donald Trump, Chancellor of Germany Angela Merkel, United Kingdom Prime Minister May, to name a few.

Here as well, Richard Liu was interviewed by David M. Rubenstein to discuss how Richard Liu Qiangdong metamorphosed the retail industry through innovations in the supply chain.

Richard Lie Qiangdong discussed the newest retail strategy which is customer centered and that JD.com is a company that provides product and experiences. In this age of new retail, less experience is had by the consumer under asymmetric information and obstacles in shopping. Richard Liu’s new retail strategy is very focused on consumer engagement – such as customer stickiness, interaction, traffic and user base in the goals of improving sales conversion rate.

Basically, it is a hyperaged strategy of the flow of analyzing what is needed, deciding on which products to produce, comparing and choosing which channels to purchase them from and to further drive sales rooted from consumer interaction. View More Information Here.

 

This is how Richard Liu has pioneered and lead JD.com in his e-commerce empire.

Learn more about Richard on https://www.scripps.org/physicians/18780-richard-liu?tab=overview

 

 

Vinod Gupta – The Epitome Of EntrepreneurialIsm

 

About the Man – Vinod Gupta

Originally from India, Vinod Gupta had a humble beginning. Born to a life of bare necessities, Gupta focused on school and making a better life for himself and his family. After finishing high school, he went on to attend India’s Indian Institutes of Technology (IIT) where he studied agricultural engineering.

In 1967, Vinod Gupta came to America to continue his education and receive his Master’s Degree in Agricultural Engineering and Business for the University of Nebraska. He later returned to his homeland in 2006 as a scholar and entrepreneur, to deliver the commencement speech to the IIT Kharagpur graduating class.

 

Career Beginnings – Gupta’s Trek

Vinod Gupta began his career with Commodore Corporation as a Marketing Research Analyst. Tasked with gathering information from all over the country, Gupta saw a need for a better system. Along with a fellow employee, Gupta developed a database with all the mobile home dealers in the U.S. After compilation he gave an option to the company he worked for to buy it for a hefty $9,000 or allow him to keep it and sell it to competitors. Well Commodore’s reaction was an opportunity for Gupta. When Commodore declined, he used it to his advantage and founded and created his first business American Business Information (ABI). ABI was just the beginning for Gupta. Get Additional Information Here.

 

Gupta Here and Now

Fast forward to today Vinod Gupta is the thriving force behind Everest Group an investment firm. He has taken his experiences from CEO, entrepreneurial ism, and technology savvy; to create a mega firm that handles funding to enhance success for struggling information technology companies.

Besides Vinod’s entrepreneurial prowess he has a charitable spirit. He has donated and been the champion for individuals that need work after experiencing hardships or struggling with disabilities. He is truly devoted and believes that information technology coupled with artificial intelligence is the wave of the future.

Vinod Gupta has been a huge supporter of Women’s Education and started the Ram Rati Gupta Polytechnic for Women in Rampur Maniharan.

 

View source: https://medium.com/@vinodgupta1/vinod-guptas-my-american-dream-and-how-you-can-dream-too-e631beab057e

Top Facts About Richard Liu Qiangdong

 

Richard Liu is the founder, chairman, and CEO of JD.com, which is one of the largest e-commerce platforms in China that specializes in sales of computers and computer accessories. During an interview conducted by the World Economic Forum Annual Meeting, Liu was able to give an insight on how to build a successful business without fear of failure. JD.com was started in 2004, and the name comes from Liu’s first name and his girlfriend last name. Liu first started working in his family transport business before joining a college in Beijing. While in school, Richard Liu started a restaurant business that failed miserably due to time constraint.

 

He later started a retail company that had a store around the city selling computer accessories. Richard Liu said that he was motivated to do business due to financial challenges facing his family. He states that at one point his grand mum was sick and the family was unable to raise money for medication. Therefore, Liu realized that he needed to make money. However, when the SARS epidemic hit the country, Liu had to close the store for fear of losing workers. This was when the idea of selling the computers on an online platform was born.

 

Richard Liu’s company took six years to put all the products online and focused on selling original products. Currently, the company enjoys a market value of $60 billion and 167,000 employees. Richard Liu has indicated that JD.com will be the top seller market for computers in China.

 

The company has an excellent market valuation, finance, technology and logistics, which will help it to emerge the top market in China. The firm can ship product around the world including Washington, London, Paris and many more within 15 days. But local shipment will only take an average of six hours in major cities and 20 hours in remote areas. Most of the popular product purchased by consumers on the JD website include fashion, food and consumers’ goods. The company has about 500 logistics centers. The company is focused on going global with their core business: e-commerce, technology, and logistics. View Related Info Here.

 

See also https://www.hugessen.com/person/richard-liu for more info about Richard Liu.

 

Robert Ivy and Professional Societies

Professional societies provide crucial after-training education for the workers that participate in them. Most of the time, a worker’s schooling and on the job training are enough to get them started. However, it’s often the case that they soon realize that they didn’t know quite enough to truly excel at their job. That’s why professional societies are helpful.

Professional societies are not to be confused with trade associations. Unlike the latter, professional societies provide services to individual members. Where as trade associations recruit entire companies and have a less personal relationship with workers.

The services offered by these societies are varied and incredibly helpful. One can find educational programs to aid in learning about their career field, networking with people in relevant fields is easier, they provide opportunities for members to earn credibility by earning industry awards, and they often sway companies and government bodies to make changes that benefit their members.

Of course, none of this comes freely. Professional societies come with an annual fee and that should be considered before joining one. These fees can be reasonably low priced and less than one hundred dollars a year, or they can reach upwards of one thousand dollars. So, it’s definitely advisable for one to consider their financial means while choosing a society.

Read more: https://en.wikipedia.org/wiki/Robert_Ivy  

One example of a professional society is the American Institute of Architects. The institute is ran by Robert Ivy and is meant to be a group for architects to receive the services mentioned in the above paragraphs. The institute’s CEO, Robert Ivy, has a Master’s in architecture and a Bachelor’s in English. Robert Ivy has had a long career centered around architecture.

Before becoming the CEO of The American Institute of Architecture, Robert Ivy worked as an authoritative figure in non-fiction literature that was meant for architects. He has won several awards for journalism with his publications in architecture magazines and has a biography published about Fay Jones. An apprentice architect.

For more information connect with Robert Ivy on Twitter

 

Gregory Aziz: The Value Of A Quality Product

 

There is a lot of negativity often associated with big businesses. They are thought to be completely heartless entities that are only interested in increasing their net worth and global power. This is never completely true of any business, but some businesses exude their desire to help the community more than others. National Steel Car, in contrast, has put a lot of effort into cultivating a giving spirit and an atmosphere of caring. National Steel Car is a place where every worker knows that the products they produce are top-notch and their customers will be happy with the materials they receive. Since the rolling stock business is already very competitive it is good to know that this company has taken the extra steps to ensure that there is excellent value in their products.

The company has CEO and owner Greg Aziz to thank for the extra mile of caring that they are known for. Since he took over the company in the 1990’s there has been a completely different atmosphere around the place. National Steel Car has a long proud heritage. The company started in 1912 when people of the community expressed a need for rolling stock. The company began to expand their customer base to other communities and eventually started servicing almost all of North America. When the 90’s came around, National Steel Car did not stand quite as proudly as it did in its early days. The time for innovation had been long gone. Not one was interested in their products the same.

Gregory Aziz wanted to relight their fire. He implemented better engineering and helped create new products that shipping companies needed for their goods. On top of that, he created something with amazing quality. The products coming out of their business were superb. They even began earning the company awards all over Canada. In fact, the TTX SECO award is typically reserved for businesses that produce products of only the highest quality. That quality award is also held for businesses that give their customers this quality as a good value. Greg Aziz pushed the company, but he was able to help them realize their passion all over again. He lit a fire in the company the only way that a true leader is able to do. National Steel Car is now one of the global powers in manufacturing thanks to his efforts. They will continue to astound and mesmerize the public for many years to come.

Refer to This Article to learn more.

 

Vinod Gupta: A Telemarketing Pioneer And Philanthropist

 

How did the internet become the place where companies have been able to find information on prospective customers and use that to tailor their marketing specifically to them? Vinod Gupta, an Indian-American entrepreneur laid the ground work for it by turning yellow page phone books into searchable databases. The company he ran for many years that had this information was InfoUSA which made several key marketing group acquisitions along the way to becoming a multi-million dollar company that had extensive business contact information spanning across multiple industries. But it was how Gupta started this company that was quite remarkable.

 

Vinod Gupta had come from poverty in India to being able to attend grad school in the US at the University of Nebraska. It was after this while working at Commodore Corporation that he got the idea of monetizing contact information in business lists because he had been asked to gather that information to build sales leads. He couldn’t find it in the existing company lists, so he bought yellow page phone books from every state to do it. Gupta was nearly fired because the yellow page books took up so much space, but after moving the operation to his home he was able to build a big list. See This Page for related information.

 

Gupta later had the opportunity to take the list and sell it to Commodore’s competitors, and with $100 that he invested in mailers he soon was selling his yellow page list to multiple customers. From there he soon was generating enough income to run his own information sales business and he began by naming it American Business Lists. But as it became more tech-based and grew, he had it changed several times until finally it was named InfoUSA. Gupta would sell the company in 2010.

 

Vinod Gupta has wanted others in third world countries to have the same opportunities he did to become a millionaire, so he’s started charity programs to provide education and housing in those countries. Even his own native village north of Delhi, India was able to have new schools and basic service infrastructure built thanks to Vinod Gupta’s contributions. Gupta also worked with the Clinton Global Initiative and the former president’s foundation, and he even was a top pick for Ambassador to Fiji though he declined that appointment.

 

More about Vinod on https://about.me/vinodgupta1