Fashion & Retail, Leadership

Tom Ford’s top tips to build a Fashion Label

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We want to share a very business insightful article from VOGUE AUSTRALIA and journalist Julia Frank on Tom Ford’s top advice on building a Fashion Brand. With our Mentors and Subject Matter Experts, we understand, live and breath Fashion and Retail every day. You have below and in the article from Vogue a great  summary that will make your investment in time and money very profitable indeed. If you need more help, guidance and support or just operations expertise, send us an email or connect on social media such as Twitter. 1. “Trust your instincts when it comes to design.” 2. “Never sell a controlling interest in your name. Ever. Ever.” 3. “Decide for you if fashion is an art or an artistic business. This will affect how you set up your company.” 4. “If your president or chief executive officer thinks they know the difference between dark burgundy and…

Contribution from Subject Matter Experts (SME), Leadership

Mentoring: Critical thinking is the antidote for stagnation

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In his article How Aristotle created the computer: The philosophers he influenced set the stage for the technological revolution that remade our world, Chris Dixon (note 1) gives us a notable tracing of present day computing back through the history of thought to the classic Greek philosophers. In this voyage back in time Claude Shannon and Alan Tuning played pivotal roles in the final stage of developing computers as we know them today. On the one hand Shannon’s main contributions were to separate the logic and the physical layers of computing, and then having mapped Boolean arithmetical logic units onto electric circuits. On the other Tuning, in his attempt to solve the decision problem (Is there an algorithm that could determine whether an arbitrary mathematical statement is true or false?) showed us how to design computers in the language of mathematical logic. Both Shannon and Tuning constructed their work on…

Contribution from Subject Matter Experts (SME), General Information - Miscellaneous, Leadership

The Six Fundamentals of Business

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When one explores the concept of business, one will find wide interpretations of what constitutes the fundamentals of business that apply universally. One can find hundreds (if not thousands) of interpretations of such principles – every commentator attempts to put a unique spin on this to justify their value and contribution. The reason they are incorrect or inappropriate is that one can find legitimate contexts where the proposed principle doesn’t apply, therefore that principle isn’t universal. There are six fundamentals that apply in all business situations, are they are: 1. The business exists to further the objectives of its owners. When one examines the mission statement of many of the world’s leading corporations, one will inevitably find references to the satisfaction of stakeholder objectives. These references not only acknowledge the owners of the corporation, but often, also identify other stakeholders such as employees, the community, the government, suppliers, and of…

Contribution from Subject Matter Experts (SME), General Information - Miscellaneous, Leadership

Transforming Your Business to being Digital-Driven

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In the last quarter of 2018 Bridges Business Consultancy Int and PerformanceWorks partnered to identify what 1,874 leaders, across Asia Pacific, North American and Europe, were thinking about the impact of digital on their business and how they were addressing the challenges it raised, with some fascinating realizations. Almost half of all leaders interviewed are not prepared for digital transformation – The readiness of leaders to adopt digital in their businesses is much lower than anticipated, despite it being so widely discussed. Only 6 out of 10 organizations have a digital vision and Europe is lagging behind Asia Pacific and US. This result surprised us. From our work and travels, we had anticipated that transforming to digital would be high on the leaders’ agenda for this year. Digital is leveling the competitive playing field. Across all three continents, companies are starting from the same place in transforming to a digital…

Contribution from Subject Matter Experts (SME), Leadership, Minimising Risk, My Professional Growth, Top questions to ask

How to tell if you need a Mentor?

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People often assume that leaders automatically come up with the right answers because of the position they hold. The thought is that “they wouldn’t be leaders if they didn’t come up with the right solutions most of the time.” One would like to think so, but the reality is different. The leader of a business or organisation on Monday morning, may have ‘only’ been an executive last Friday. On Friday, they were good, perhaps very good, but not perfect. How did they become perfect over the two days between subordinate and boss roles? Leadership is as much about learning, evolution and personal growth as it is about the innate skills of leadership. The reality is, they didn’t. One of the ways that the gaps in skill, experience or world-view can be filled is by using a suitable mentor to assist the leader contemplate and make key decisions. A mentor should…

Leadership, My Professional Growth

The Loneliness in Leadership

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  When we speak of “leadership” most people unsurprisingly think of CEOship. The reality is that although CEOs are certainly leaders, there are other leaders in the organisation apart from the CEO. Every person who has the responsibility for other people, is a leader of those people, regardless of where in the organisation they find themselves. The CEO is the leader of the entire organisation, but the field supervisors, for example, are responsible for, and the leaders of, the people and functions under their control. A leader is frequently very lonely in the role – not because they don’t have people to talk to, but because they can’t say certain things to certain people. This is not about “friendship” but about effectiveness. Everybody wants to be friends with the leader – it feels nice, it empowers the friend, and it strokes the ego – and that’s all OK and fairly…

Contribution from Subject Matter Experts (SME), Leadership

Social Media Thought Leadership

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Did you know that content shared by the owner of a business receives 8x MORE engagement than content shared by a business social media account? There has been a significant shift in the way a business communicates with their customers online. It’s time for you to change your mindset, and think about social media as part of your “customer experience” journey. What does the phrase “social media” mean to you? Does it mean a way to connect with friends and family, or is it just another phrased used to define the route to market a business online? Let’s take the first word; social. The meaning of this word is often forgotten when people talk about social media and the idea of delivering a social experience. Just like Scott Cook said; “A brand is no longer what we tell the customer it is. It is what customers tell each other it…

Contribution from Subject Matter Experts (SME), General Information - Miscellaneous, Leadership

Motivation – Inspirational and Business quotes

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The best way to break a habit is to drop it. Newspaper Editor, Leo Aikman Your worst enemy is within! Change your mindset & see you grow as well as your business. Founder Global Fashion Management – Thierry Bayle If you want the present to be different from the past, study the past. Baruch Spinoza I myself have benefited from many mentors throughout my life. Founder of Virgin – Richard Branson If you find a path with no obstacles, it probably doesn’t lead anywhere. Frank A Clark Wake up every day & look forward to learning something new. What have you learned today? Founder of Virgin – Richard Branson An optimist sees an opportunity in every calamity; a pessimist sees a calamity in every opportunity. Winston Churchill Your time is limited so don’t live the life of somebody’s else. Steve Jobs Obstacles & Problems can’t stop you.Most of all, other…