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jerryking : exclusivity   25

Opinion | The Meritocracy Is Ripping America Apart
Sept. 12, 2019 | - The New York Times | By David Brooks.

savage exclusion tears the social fabric.

There are at least two kinds of meritocracy in America right now. Exclusive meritocracy exists at the super-elite universities and at the industries that draw the bulk of their employees from them — Wall Street, Big Law, medicine and tech. And then there is the more open meritocracy that exists almost everywhere else.

In the exclusive meritocracy, prestige is defined by how many people you can reject....The more the exclusivity, the thicker will be the coating of P.C. progressivism to show that we’re all good people.

People in this caste work phenomenally hard to build their wealth......People in this caste are super-skilled and productive.....These highly educated professionals attract vast earnings while everybody else gets left behind......Parents in the exclusive meritocracy raise their kids to be fit fighters within it....affluent parents invest on their kids’ human capital, over and above what middle-class parents can afford to invest......the Kansas Leadership Center. The center teaches people how to create social change and hopes to saturate the state with better leaders. But the center doesn’t focus on traditional “leaders.” Its mantra is: “Leadership is an activity, not a position. Anyone can lead, anytime, anywhere.” The atmosphere is one of radical inclusion.....People in both the exclusive and open meritocracies focus intensely on increasing skills. But it’s jarring to move from one culture to the other because the values are so different. The exclusive meritocracy is spinning out of control. If the country doesn’t radically expand its institutions and open access to its bounty, the U.S. will continue to rip apart.
Accomplisher_Class  Big_Law  caste_systems  Colleges_&_Universities  David_Brooks  elitism  exclusivity  hard_work  human_capital  inequality  law_firms  leadership  medicine  meritocracy  op-ed  parenting  political_correctness  social_classes  social_exclusion  social_fabric  social_impact  social_inclusion  social_mobility  society  technology  values  Wall_Street  winner-take-all 
september 2019 by jerryking
Brands Invent New Lines for Only Amazon to Sell WSJ
Jan. 25, 2019 | WSJ | By Annie Gasparro and Laura Stevens.

Amazon gets exclusive products, while brands receive faster customer feedback, marketing support and increased sales.......To build a big line of exclusive products on its site, Amazon.com Inc. AMZN 0.95% is pushing other brand manufacturers to do most of the work.

The online retail giant is asking consumer-goods companies to create brands exclusively for Amazon after finding that developing them on its own is too costly and time-consuming.....Amazon’s initiative is the latest example of the e-commerce giant flexing its muscles in order to offer the lowest prices and widest selection, as it seeks to cut into the market share of big-brand manufacturers.....Manufacturers generally benefit from selling their products through a range of retailers. Also, they risk cannibalizing higher-margin sales of their main brands by offering comparable products under different labels. But those entering deals with Amazon view the arrangement as a golden opportunity.

In exchange for creating exclusive products, the brands get help launching their products on Amazon.com, faster customer feedback when testing new products, marketing support, and, of course, revenue from the sales. They also can appear at the top of search results—a big draw given that Amazon’s platform lists an estimated 550 million items......Speed was paramount. “We had to take what would normally be 12 to 24 months of development to 90 days,”....Amazon, on its own, has been quietly adding to its in-house brands in recent years. Analysts estimate the site now offers more than 100. ....Amazon sometimes promotes its own brands higher in search results on its site, like “Amazon’s Choice” and sponsored items, or as default results in voice searches using Amazon’s Alexa virtual assistant.

In-house brands often generate a higher profit margin for retailers, including Amazon, and can draw in customers because they can’t find those brands elsewhere. But developing a new brand and formulating products takes time..... the program offers manufacturers a way to “launch brands and products directly to Amazon customers.”

Amazon is increasingly important for consumer-product manufacturers. It now accounts for roughly half of all sales online,.....Amazon’s program also can be used for “orphan brands” that manufacturers have stopped selling or that never made it to market.....Amazon has no issue going full-court press on private label, and pursuing all these brands. If the quality and pricing architecture don’t fit and they have to pivot, they’ll do so,” said Todd Mitchell, president of Compass Marketing Inc., which works with Amazon. “They’re not limited to the constructs of shelf space.”
accelerated_lifecycles  Amazon  brands  cannibalization  CPG  e-commerce  exclusivity  fast-paced  in-house  manufacturers  new_products  orphan_brands  private_labels  product_development  product_launches  shelf_space  speed 
january 2019 by jerryking
In an Age of Privilege, Not Everyone Is in the Same Boat - The New York Times
By NELSON D. SCHWARTZAPRIL 23, 2016

When top-dollar travelers switch planes in Atlanta, New York and other cities, Delta ferries them between terminals in a Porsche, what the airline calls a “surprise-and-delight service.” Last month, Walt Disney World began offering after-hours access to visitors who want to avoid the crowds. In other words, you basically get the Magic Kingdom to yourself.

When Royal Caribbean ships call at Labadee, the cruise line’s private resort in Haiti, elite guests get their own special beach club away from fellow travelers — an enclave within an enclave....From cruise ship operators and casinos to amusement parks and airlines, the rise of the 1 percent spells opportunity and profit.
income_inequality  social_classes  social_stratification  exclusivity  affluence  luxury  high_net_worth  The_One_Percent  caste_systems  travel  airline_industry  airports  concierge_services  enclaves  theme_parks  Disney  casinos  delighting_customers  top-tier  cruise_ships  Royal_Caribbean 
april 2016 by jerryking
Hedge Funds’ Idea Man - WSJ
By JULIET CHUNG
Jan. 4, 2016

The 54-year-old Brazilian immigrant is part of a larger ecosystem of consultants who sell their investment beliefs to hedge funds. The funds, hungry for returns or cheap hedges for their portfolios, get fresh ideas that comprise or inform their wagers. The consultants, in exchange, often expect to share in gains tied to their ideas, they and their clients said.....The ideas don’t always result in profits. ...Such arrangements make some veteran investors in hedge funds uneasy.

“If your manager’s renting a lot of ideas, you have to question the value-add they bring to the partnership,” said Chuck Bryceland of New York-based Bessemer Trust, which advises wealthy families and individuals on investments, including in hedge funds. “We want our people generating primary trade ideas and doing the primary work themselves.”
investment_advice  investment_research  ideas  Wall_Street  money_management  private_banking  hedge_funds  shareholder_activism  traders  exclusivity  idea_generation  value_added  financial_advisors  high_net_worth  Bessemer  Bessemer_Trust 
january 2016 by jerryking
Jay Z Enters Music-Streaming Wars With Tidal - WSJ
By JOHN JURGENSEN
March 30, 2015

Tidal as “the first ever artist-owned global music and entertainment platform. We want to create a better service and better experience. Our mission goes beyond commerce and technology.”

Tidal faces a major challenge in gaining a foothold among streaming giants such as Google, Rhapsody and Spotify AB, which has 60 million total users, including 15 million who pay for access. Tidal’s parent company, Aspiro, reported 503,000 paid users in January.

Tidal has been available in the U.S. since last year. The service’s main selling point is higher-quality sound, but Ms. Keys also made a reference to exclusive content, which will no doubt include releases by some of the artists with her on stage Monday.
streaming  Jay-Z  music  Tidal  Spotify  Rhapsody  exclusivity  content 
march 2015 by jerryking
Burberry's Rose Marie Bravo Designs Ways to Keep Brand Growing and Still Exclusive
September 9, 2004 | THE WALL STREET JOURNAL Page B1 | By SALLY BEATTY
Staff Reporter

FASHIONABLE TIPS

Lessons from Rose Marie Bravo on rebuilding and sustaining a hot brand:

• Lesson 1: Do...
Burberry  fashion  branding  brands  CEOs  reinvention  dissatisfaction  execution  teams  exclusivity 
february 2014 by jerryking
Traders Seek an Edge With High-Tech Snooping - WSJ.com
Dec. 18, 2013 | WSJ | By Michael Rothfeld and Scott Patterson.

A growing industry uses surveillance and data-crunching technology to supply traders with nonpublic information.

Genscape's clients include banks such as Goldman Sachs Group Inc., J.P. Morgan Chase & Co. and Deutsche Bank AG, hedge funds including Citadel LLC and large energy-trading outfits such as Trafigura Beheer BV. Surveillance and analysis of the oil, electricity and natural-gas sectors can run Genscape clients more than $300,000 a year.
surveillance  data_driven  slight_edge  traders  hedge_funds  sleuthing  Genscape  sensors  commodities  corporate_espionage  competitive_intelligence  scuttlebutt  due_diligence  market_research  exclusivity  investment_research  research_methods  LBMA  nonpublic  primary_field_research  banks  Citadel  oil_industry  natural_gas  snooping  alternative_data  informational_advantages  imagery  satellites  infrared  electric_power 
december 2013 by jerryking
Prudential Research Model May Have Been a Dinosaur
June 8, 2007 | WSJ | Scott Patterson.

The decision by Prudential Financial PRU +0.70% to close its stock-research arm doesn't mean research is doomed, but it does signal an important shift. Deep-pocketed investors such as pension funds and hedge funds are hungry for exclusive, specialized research that can give them an edge over competition.

Experts say Prudential's research had become too widely distributed to draw enough interest, or dollars.

"The notion of widespread dissemination of a recommendation, that model is 40 years old," said Mike Thompson, director of research at Thomson Financial. "If you talk to the hedge funds, what they want are ideas that are actionable that not everyone gets."

The trend has given rise to independent, specialized research outfits. There are 63 independent research firms today, up from 14 in 2000, according to Thomson Financial.
equity_research  Wall_Street  investment_research  hedge_funds  pension_funds  exclusivity  nonpublic  slight_edge  proprietary  hard_to_find  novelty  interestingness  actionable_information 
february 2013 by jerryking
Want an edge? Call the CEO - The Globe and Mail
Jul. 03 2012 | The Globe and Mail | FABRICE TAYLOR.

Investing is a game of scarce advantages, yet an edge is difficult to come by in the stock market. You certainly don’t get one by just reading financial statements. A million others are doing that. Ditto with screening tools. They’re useful as a starting point but. again, they’re not exclusive to you.

It’s the same with the Internet. Any monkey can Google, so you’re not going to get an edge by spending hours scouring the darkest corners of the Web.

The only thing that can give you an edge is making connections that few others have, or interpreting what sources say to you.... No matter how much you read, how much time you spend, how elaborate your Excel model, you will never understand a business better than the CEO. Not only do they live and breath their work every day, and likely have for years, they also have information you don’t have. What you look at – the latest results – are dated. He or she has real time and, in fact, advance data.

Q1:one of my favourites is: “Who is the best analyst on your stock and why?”
Q2: Another good question for a CEO who doesn’t appear too promotional is whether it’s a good time to attract a lot of investor attention.

Sponge up insights about their companies and their suppliers, competitors and customers, as well as coming technological changes that could hurt or help a business....investing in one company on the basis of ideas received from another is a “bank shot,” like a basketball bouncing into the hoop. “The ability to look beyond just the numbers to see all different types of bank shots is something that can’t be replicated by a spreadsheet,”
slight_edge  CEOs  due_diligence  proprietary  informational_advantages  Communicating_&_Connecting  interpretation  real-time  questions  humint  financial_statements  insights  exclusivity  personal_knowledge  personal_connections  personal_meetings  personal_relationships  technological_change  bank_shots 
july 2012 by jerryking
How to Build Your Network
December 2005 | HBR | Brian Uzzi and Shannon Dunlap.

Strong personal networks don't just happen at the watercooler. They have to be carefully constructed.Networks offer three unique advantages: private information, access to different skills and power. Leaders see the benefits of working every day, but perhaps not pause to examine how their networks are governed....Here's how to strengthen your connections.

Paul Revere was an information broker, a person who occupies a key role in a social network by connecting disparate groups of people....Networks determine which ideas become breakthroughs, which new drugs are prescribed, which farmers cultivate pest-resistant crops, and which R&D engineers makes the most high impact discoveries....When we make judgments, we use both public and private information. These days, public information is readily available from various sources, including the Internet, but precisely because it is so accessible, public information provides a competitive advantage much less than usual. Privacy, however, gathered from personal contacts that can offer something unique that can not be found in public spaces such as the release of a new product, the novel software code, or knowledge of this what a particular investigator seeks in candidates. Private information, therefore, may provide an advantage for executives, but is more subjective than public information, because it usually is not marked by an independent third party, such as Dun & Bradstreet. Therefore, the value of your private information to others and the value of your private information depends on how much confidence exists in the network of relationships....the best way to have a good idea is to have a lot of ideas....And when you trade information or skills with people whose experiences differ from your own, you provide one another with unique, exceptionally valuable resources....Power was repositioned in the network's information brokers, who could adapt to changes in the organization, develop clients, and synthesize opposing points of view.
These brokers weren't necessarily at the top of the hierarchy or experts in the field, but they linked specialists in the firm with trustworthy and informative ties.
networking  social_networking  social_capital  HBR  howto  networks  nonpublic  confidence  slight_edge  proprietary  relationships  exclusivity  public_information  private_information  inequality_of_information  homogeneity  heterogeneity  dual-consciousness  power_brokers  network_power  personal_chemistry  personal_connections  judgment  prolificacy  subjectivity  information_brokers  intentionality 
march 2012 by jerryking
Zines Have a Resurgence Among the Web-Savvy - NYTimes.com
By JENNA WORTHAM
Published: October 22, 2011

Zines, print magazines generally available only in small quantities, have enjoyed a resurgence among the Web-savvy. The word “zine” is a shortened form of the term fanzine, according to the Oxford English Dictionary. Fanzines emerged as early as the 1930s among fans of science fiction. Zines also have roots in the informal, underground publications that focused on social and political activism in the ’60s. By the ’70s, zines were popular on the punk rock circuit. In the ’90s, the feminist punk scene known as riot grrrl propelled the medium. ...MOST zines are labors of love, done as side projects and hobbies. The goal isn’t to turn a profit, but rather to capture a cultural moment, which in turn, offers the creators the freedom to explore and experiment.
Jenna_Wortham  zines  DIY  handmade  small_batch  exclusivity  publishing 
october 2011 by jerryking
College Applications Continue to Increase. When Is Enough Enough? -
November 5, 2010 | NYTimes.com | By ERIC HOOVER. Applications
are, of course, a proxy for popularity and metric of merit. Such is the
allure of exclusivity, and the appeal of simplicity. Measuring quality
is difficult; measuring quantity is as easy as counting. The more apps a
college receives, and rejects, the more impressive it seems.

Today’s application inflation is a cause and symptom of the uncertainty
in admissions. As application totals soar, colleges struggle to predict
yield — the number of admitted students who actually attend — leading to
longer wait lists and other competitive enrollment tactics. Students
hedge against the plummeting admissions rates by flooding the system
with even more applications.
admissions  Colleges_&_Universities  exclusivity  applications  selectivity 
november 2010 by jerryking
Got Five Million Singapore Dollars? Citibank Wants You - Scene Asia - Scene Asia - WSJ
October 21, 2010 | Wall Street Journal | by Amy Ma.Citibank
in Singapore has a new premium credit card. But don’t call them, they’ll
call you — assuming you qualify.

The piece of plastic, a new Ultima credit card launched Oct. 12, is only
available for people with at least five million Singapore dollars
(US$3.83 million) in assets under management at Citibank. And even then,
you will need a personal invitation to get one.

Invitations have already been extended to, and accepted by, many of the
region’s wealthiest people. Singapore is ripe for the picking: The
city-state had the highest concentration of millionaire households in
the world, accounting for 11.4% of all households, according to the
Boston Consulting Group’s 2010 Global Wealth Report.
high_net_worth  credit_cards  exclusivity  Singapore  Citigroup 
october 2010 by jerryking
Phoebe Philo Rebuilds Celine for LVMH - WSJ.com
MARCH 9, 2010 | Wall Street Journal | by RACHEL DODES And
CHRISTINA PASSARIELLO. LVMH Wipes Céline Slate Clean, Opening Way for
'Phoebe Effect'. "... Céline also closed all but one store in the U.S.,
cut ties to less exclusive retailers, stopped producing bags in China
and restored the accent to its name, all part of a move to tightly
control and elevate the brand."
branding  brands  China  exclusivity  fashion  France  LVMH  retailers  store_closings  upscale 
march 2010 by jerryking
Finding exclusive information is tough, but rewarding
May 28, 2005 | Globe & Mail | by AVNER MANDELMAN. Superior
investment information must be triple-good: It must be true, important
and exclusive. "We called or met 13 HTE clients, which took two months,
and a dozen low- and mid-level employees, which took another month.
Because the latter live paycheque to paycheque, they take pains to learn
how their company is really doing. What we learned was crucial -- few
things are more important than clients' opinions. And it was exclusive,
no one else talked to the workers and clients."
exclusivity  sleuthing  due_diligence  Avner_Mandelman  investment_research  inequality_of_information  scuttlebutt  primary_field_research  personal_knowledge  personal_connections  personal_meetings  personal_relationships 
february 2010 by jerryking
How to tell good buys from bad: Talk to people, trust your gut
Jun 3, 2006 | Globe & Mail | by Avner Mandelman. 2 mths
ago Giraffe put an ad in RoB, looking for a research analyst. We asked
for a 1-pg. résumé, a half-pg. letter, and a 1-pg. tech stock pick/pan.
All presented themselves well, and some even gave interesting stock
picks/pans. Two things were missing: First, nearly all had based their
analysis on public, 2nd-hand data -- the kind that everyone else sees
also. Very few did primary field research and none thought it important
to highlight exclusive info. Instead, the recommendations were rife
with data copied from the Web, corporate filings or famous analysts'
reports. The interviewees saw their role as financial scientists
massaging data gathered by others, rather than gatherers of exclusive
info themselves. Second, very few spoke of the company's people: the
character of their pick's CEO, the trustworthiness of the CFO, or the
high integrity of the company's team viz. a viz the competition. This
lack of people-mention was glaring.

===========================================
A technique for finding out information about companies. When you talk to people , you do not ask them to talk about their company. What you do is ask them to talk about the other company. That is not reg FD or insider information per se. It is their observations on the generalized business conditions and what the other companies are doing. Folks like to shoot their mouths off about other people
Avner_Mandelman  research_methods  hiring  sleuthing  due_diligence  proprietary  exclusivity  primary_field_research  secondary_research  research_analysts  gut_feelings 
february 2010 by jerryking
The Luxury Touch
February 28, 2007 |Strategy + Business | by Robert Reppa and
Evan Hirsh. From the moment Toyota launched the marque in 1989, Lexus
has set extremely high standards for its dealer selection process. It
gave initial priority to existing Toyota dealerships, but even they were
subjected to a demanding application process that required extensive
customer satisfaction surveys and related data.

The application process included several face-to-face interviews between
the company and each prospective dealer. In the end, only 80 existing
Toyota dealers were chosen from a field of 1,500 applicants. “The
process was unbelievable,” recalls one of the winners, “and the absolute
prerequisite was high customer satisfaction.” Having turned down 95
percent of the Toyota dealers who wanted a Lexus franchise, the company
then turned to top dealers of competing luxury brands, subjecting them
to the same exhaustive process.
automotive_industry  retailers  dealerships  luxury  exclusivity  Lexus  selection_processes  product_launches 
february 2010 by jerryking
Balancing growth, uniqueness
29/04/06 | reportonbusiness.com| by BERTRAND MAROTTE

t's a careful balancing act that Cirque and its founder and chief
executive officer, Guy Laliberté, are committed to, says Mr. Lamarre: Go
big, pursue growth, but not at the expense of the quality, creativity
and the uniqueness of your offbeat product, the very thing that made
your name in the first place.
Cirque_du_Soleil  growth  strategy  exclusivity  creativity  Guy_Laliberté  offbeat  uniqueness  one-of-a-kind  quirky 
april 2009 by jerryking
Prudential Research Model May Have Been a Dinosaur
June 8, 2007, WSJ letter to the editor by a Mr. Scot Patterson.
Points out that deep-pocketed investors such as pension funds and
hedge funds are hungry for exclusive, specialized research that can give
them an edge over competition.
hedge_funds  equity_research  due_diligence  scuttlebutt  exclusivity  ProQuest  private_information  inequality_of_information  slight_edge  nonpublic 
march 2009 by jerryking
Dow Jones Solutions for Wealth Management
Also to get a copy of CEG's exclusive research Best Practices of Elite Advisors, visit www.solutions.dowjones.com/elite
wealth_management  tools  exclusivity  high_net_worth  Dow_Jones  business_development  filetype:pdf  media:document 
january 2009 by jerryking
STRATEGY PERKONOMICS: The customer's always right ... and looking for a perk
Nov. 24, 2008 G&M column by Harvey Schachter looking at customer care plus assorted tips on branding.

some companies are gaining an edge through what it calls "Perkonomics" - adding perks and privileges to the regular offering in order to gain loyalty by satisfying consumers' desire for novel forms of status and/or convenience.

Perkonomics applies across all industries, and even to luxury brands that can search for additional status perks to offer customers. In most cases, the perks are free but in some instances the customer pays for the privilege.

Examples.

Exclusive Perks: American Express cardholders had exclusive access to purchase the winning dress designed on the episode of Project Runway of Sept. 3 - non-Amex customers could not purchase it.

No Queue Perks: Skipping a lineup can be a big time saver and, hence, a major perk. Avis Preferred membership enables car rental customers to skip lines and paperwork and go straight to their car, at more than 1,400 locations worldwide.

Concierge Perks: Amsterdam-based private bank Insinger de Beaufort launched a service aimed at saving its top clients the time and hassle of dealing with the minutiae of their personal finances. The clients are sent a big shoebox by courier every month into which they drop bills to be paid, receipts, tax returns, speeding tickets, insurance documents and the like, which the bank then handles for them.

Assorted Perks: South African health insurance company Discovery has a wellness program called Vitality that offers rewards for a healthy lifestyle based on scientific measurement. Members receive points by decreasing their risk factors for illness, and the higher the points, the greater the access to shopping and travel discounts. Nokia in the Philippines has installed battery-charging stations for phones throughout the Manila subway system, which Nokia owners can use at no cost.

Parking Perks: IKEA stores in Canada feature two Green Parking spaces close to the store reserved for drivers of hybrid cars and fuel-efficient vehicles.
Harvey_Schachter  customer_care  tips  branding  innovation  perks  product_launches  Amex  queuing  parking  customer_loyalty  loyalty_management  exclusivity  concierge_services  quantified_self  IKEA  Green_P  risk_factors 
january 2009 by jerryking

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