Tag Archives: Business Tycoon

1,000 Jobs Come to Rio de Janeiro Thanks to Toyo Setal

For over a year there’s been a mediation going on in one of the biggest cities in Brazil, over the future of a construction site. Toyo Setal has announced that they just emerged from that bidding process victorious and can now continue construction on the Rio de Janeiro Petrochemcial Complex (COMPERJ) after stalling since 2015. Paperwork was finalized in September and Petrobras made it official, giving them 18 months to finish work on the site. Ribeiro de Mendonca Lima announced the continuation of construction in a formal statement. The Commercial Manager stated this contract is of high importance to Toyo Setal, namely because of the partnership with Petrobras will bring them much closer with their largest customer while repairing their business relationship in the process.

The completion of COMPERJ depended upon a series of issues detailed within the initial proposal, causing Toyo Setal to elaborate on their desires to the site and compromise with their partner. Turning to specialists of different disciplines, de Mendonca Lima sought to determine exactly what was left to construct to come up with a renewed proposal that would remain both competitive and attractive. To continue construction, Toyo Setal needed an increase in manpower, leading to a new round of hiring. Hiring was extended to companies that Petrobras has registered, making sure to select workers from a pool of applicants that have the technical ability to get the expansion project done in time.

Considering an economic crisis that has affected Brazil in recent years, bringing in some much needed business to it’s biggest city is attracting a lot of interest from companies all over the industry. COMPERJ, located withing the Itaborai municipality of Rio e Janeiro, Petrobras’s renewed investment is seen as some of the best news in business possible. Toyo Setal’s operation is expected to bring 1,000 jibs that will be directly working on the COMPERJ’s current expansion plans. This bodes well for industries across the local economy, as it’s estimated that these jobs could generate as many as 4,000, or even 5,000 jobs throughout the city, all assisting in some much needed economic recovery.

Steve Lesnard and The North Face Using Big Data to Better Meet Customer Needs

Steve Lesnard is the new Global Vice President of Marketing at The North Face. He has found that the key to best meeting the needs of today’s customers with top-of-the-line outdoor apparel and gear is to utilize big data to understand their needs. Lesnard says that many companies are still not using customer data to really drill down and find out customer needs and expectations of a company’s products.

One of the ways that Steve Lesnard and The North Face find out what customers really want is by providing forums for adventurers on social media and really listening to their feedback and desires. Another means of more fully providing customer satisfaction and value is in the new design of The North Face’s retail outlets. Now, the company has the stores set up as “basecamps,” with the sales people in the role of “guides.” The employees provide clinics and other experiences to help customers learn basic skills they need in order to pursue their intended outdoor adventure.

Also, the sales employees are trained to be better listeners and shepherd customers to the specific product that will perform best for the conditions and type of endeavor. For example, the sales employees would help the customer find the best running shoes for running on trails in the rocky High Sierra. Steve Lesnard and The North Face realize that they have a new generation of would-be explorers who have not had the opportunity to get their feet wet, so they are using big data and personalization to help customers find their way outdoors.

ClassDojo , Helping Families Communicate

ClassDojo now has a mobile app that can be used in various ways to help students, teachers, and parents. Many people are excited about the app because it has many uses and it improves the overall flow of communication between teachers and parents. Many people were not aware that ClassDojo has an app. The ClassDojo app is available to everyone who is involved with the student’s learning environment. Teachers use the app during class in order to teach students about vigorous skills during the day. The app can also be used to communicate with each student’s parents before, during, and after a typical school day.

The app is extremely convenient because teachers no longer have to locate each parent’s phone number each time they need to communicate with them. Instead, the teacher can simply reach out to the parent through the app which already has the parent’s contact information stored. In addition to the app being an easier way to communicate with parents, the app also allows teachers to communicate better with parents.

ClassDojo understands that every parent does not speak English as a first language. Because of this, sometimes it can be hard for teachers to communicate with parents. It is not fair for parents not to be involved with their child’s educational life because of a language barrier. ClassDojo has fixed this dilemma. ClassDojo offers more than 30 languages for teachers to translate from English. ClassDojo has changed the way of educational communication.

JD.com Annual Anniversary Sale Exceeds Sales Expectations

JD.com posted an article on its corporate blog page about its recent annual anniversary sale on June 18th. The sale was said to make over $29 billion. Jingdong is China’s largest retailer. The article mentions that JD.com has brought a large variety of new products to the marketplace that they are focusing on promoting. The retail giant wants to make sure that these new products are easy for Chinese consumers to find and allow those consumers to see the new brands that are brought to the marketplace on JD.com.

The article discusses that Jingdong has been focusing on ways to help market manufacturers connect with Chinese consumers. They call this way of marketing Consumer-to-Manufacturer or (C2M). This strategic way of marketing can help brands find insights about what consumers are looking for in the marketplace. Consumer-to-Manufacturer marketing has helped to increase sales transactions by 289%. One of the brands that reaped the benefits of C2M marketing was the popular computer brand HP. The company’s Zhan 66 laptop had a 100% increase in sales. JD.com has been partnering with many top brands and many of them launched during this anniversary event. Prada Group, Miu Miu and Car Shoe are just a few of the brands that have recently launched stores on JD.com.

The article goes on to mention that the company Farfetch also recently partnered with JD.com, which allowed all of JD’s consumers access to Farfetch’s huge network of brands. JD Plus, Jingdong’s premium membership program, allows consumers the opportunity to have exclusive privileges at luxury hotels throughout the world. During this year’s annual anniversary sale, there was over 2.8 million JD Plus memberships that were purchased. The anniversary sale had over 32 million inquiries, but that didn’t stop JD’s customer service robot from answering 90% of them. The anniversary sale exceeded marketing and sales expectations, while still improving consumer experience in the marketplace.

Source of the article : https://www.forbes.com/companies/jd/#62d9b6464f20

About Peter Briger

Peter Briger is co-principal and co-chairman of the board of directors of the fortress investment firm, a company he joined in 2002. He was elected the co-chairman of the firm in August 2009. Peter studied at the Princeton University where he graduated with a bachelor’s degree in business administration. He then proceeded to the Wharton school of business at the Pennsylvania university where he acquired masters in the same field. Currently, Peter Briger is at position 962 on the Forbes list. He is a self-made billionaire with a net worth of 1.2 billion dollars. He attributes his main source of wealth to the fortress investment group. Peter earns over 100 million dollars in net cash payout since 2005.

After graduating, Briger worked at Goldman, , and co. For 15 years. At Goldman, he perfected his skill in the art of investing in distressed debt. They believed in the principle and strategy of buying when low and selling when high.Peter Briger has been keen on building a reputation as a leader in every organization he has served. At Goldsman sach, Peter served as a co-head of groups, for instance, the Asian real estate private equity business, fixed income principal investment group and the whole loan sales.He now serves as a co-chairman of the board of directors at Fortress investment Limited Liability Company. He is credited for creating and overseeing the Fortress Credit business.Peter Briger was also involved in the leadership of the Princeton university investment company. He also supported the central park conservancy.

Peter has been keen to encourage the journey of self reliance on the Princeton community, the main reason he united with his colleagues to form the Princeton entrepreneurship advisory committee. An optimistic feedback has been shared by the employees working at fortress.they have termed it as a rewarding environment that appreciates hard work. Besides that, the company has been a ground to challenge many and broaden their knowledge base in finances.The firm has provided a learning opportunity and an inspiration to those who value working with smart people. Peter Briger interest In bitcoin began in 2013 in the Canadian Rockies while at a Heliskiing trip. He praised the move by wall street of engaging in the bitcoin business saying that it was a better alternative to sending the money around the world cheaply and instantly. He also encouraged other companies, for instance, Wells Fargo to engage in Bitcoin so as to ensure a better and secure payment network.