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jerryking : personal_relationships   14

Why You Need a Network of Low-Stakes, Casual Friendships
May 6, 2019 | The New York Times | By Allie Volpe.

The sociologist Mark Granovetter calls these low-stakes relationships “weak ties.” Not only can these connections affect our job prospects, they also can have a positive impact on our well-being by helping us feel more connected to other social groups, according to Dr. Granovetter’s research. Other studies have shown weak ties can offer recommendations (I found my accountant via a weak tie) and empower us to be more empathetic. We’re likely to feel less lonely, too, research shows.

A 2014 study found that the more weak ties a person has (neighbors, a barista at the neighborhood coffee shop or fellow members in a spin class), the happier they feel. Maintaining this network of acquaintances also contributes to one’s sense of belonging to a community, researchers found......maintaining a network of low-stakes connections further enmeshes us in our community, especially after a major move away from family and close friends or the loss of a loved one.
Communicating_&_Connecting  friendships  happiness  low-stakes  networking  personal_connections  personal_relationships  relationships  sense-of-belonging  social_fabric  weak_links 
may 2019 by jerryking
Big Companies Should Collaborate with Startups
Eddie YoonSteve Hughes
FEBRUARY 25, 2016

Growth is increasingly hard to come by, so large companies are increasingly looking to entrepreneurs to help them find it. In the food and beverage category, growth came from 20,000 small companies outside of the top 100, which together saw revenue grow by $17 billion dollars.
Despite that aggregate revenue growth, not every startup is successful — in fact, the vast majority will fail.

Ironically, startups and established companies would both improve their success rates if they collaborated instead of competed. Startups and established companies bring two distinct and equally integral skills to the table. Startups excel at giving birth to successful proof of concepts; larger companies are much better at successfully scaling proof of concepts.

Startups are better at detecting and unlocking emerging and latent demand. But they often stumble at scaling their proof of concept, not only because they’re often doing it for the first time, but also because the skills necessary for creating are not the same as scaling. Startups must be agile and adapt their value proposition several times until they get it right. According to Forbes, 58% of startups successfully figure out a clear market need for what they have.

In contrast, big companies often end up launching things they can make, not what people want.

Successful collaboration between startups and established companies must go beyond financial deals: it must be personal and mission-oriented.....areas of emerging and latent demand are often highly concentrated.... spend time physically in hotbeds specific to your sector. ....met people...walk the aisles ...... explore up and coming datasets. SPINs is a retail measurement company that covers the natural and organic grocers. Yet too many companies don’t even bother to acquire this data because they dismiss it as too small to matter.....Just as important as personal knowledge are personal relationships. ...spend time with customers....skew more toward emerging customers......connect with key people who have tight connections with both startups and established companies in your industry.....collaboration needs to be mission-oriented, meaning it has to be focused on something larger than financial success. ......Executives who wish to tap into the growth of these smaller companies will find that having a big checkbook is not going to be enough, and that waiting for an investment banker to bring them deals is the wrong approach. A mercenary mindset will only go so far. When big companies try to engage with startups, a missionary mindset will create better odds of success.
large_companies  Fortune_500  brands  scaling  start_ups  collaboration  face2face  personal_meetings  personal_touch  information_sources  personal_relationships  personal_knowledge  HBR  growth  funding  M&A  success_rates  latent  hidden  proof-of-concepts  mindsets  missionaries  mission-driven  Mondolez  cultural_clash  Gulliver_strategies 
march 2017 by jerryking
This Man's Job: Make Bill Gates Richer - WSJ
By ANUPREETA DAS and CRAIG KARMIN CONNECT
Sept. 18, 2014

Surprisingly, Mr. Gates has few technology-related investments. As of June 30, he held a 3.6% stake in Microsoft, worth about $13.9 billion based on Thursday's closing stock price.

Mr. Gates makes his own tech and biotech investments, which aren't held by Cascade. He started digital-image company Corbis Corp. in 1989. Smaller investments include stakes in nuclear-reactor developer TerraPower LLC and meat-substitute maker Beyond Meat.

Mr. Gates is updated on all the other investments every other month. "At the end of the day, all decisions go through Michael," says Mike Jackson, chairman and CEO of AutoNation, who considers Mr. Larson a friend. Mr. Larson is a director of the auto retailer, and Cascade owns a 14% stake in AutoNation valued at about $841 million.

Mr. Gates decided to hire Mr. Larson after the Journal reported in 1993 that the entrepreneur's money manager at the time had previously been convicted of bank fraud. ....After an extensive screening process, a recruiter invited Mr. Larson to meet Mr. Gates. The money manager had worked for a mergers-and-acquisitions firm and run bond funds for Putnam Investments, now a subsidiary of Canadian insurer Great-West Lifeco , Inc., before striking out on his own.
billgates  high_net_worth  money_management  AutoNation  family_office  wealth_management  real_estate  investing  personal_relationships  networking 
september 2014 by jerryking
Want the job? You need to play the hiring game - The Globe and Mail
LEAH EICHLER

Special to The Globe and Mail

Published Friday, Dec. 06 2013,

If you are sending a résumé to a database, without the benefit of a relationship with the hiring manager, you are already at a distinct disadvantage.
Managing_Your_Career  résumés  hiring  job_search  personal_branding  personal_relationships  applicant-tracking_systems  disadvantages 
december 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
Networking Lessons According to an ex-Goldman partner, women need to get a lot better at the quid pro quo. - November 10, 2003
November 10, 2003 | Fortune | Interview of Connie Duckworth by Bethany McLean.

Networking is the glue of all business--it's the foundation of how business gets done. Your relationships drive how successful you'll be. I had guidance from very good mentors, all of whom were men. There were no women at the time...you can ask someone for something and they'll ask for something back, and that's a norm and an expectation, not an infringement on a personal relationship. It's not personal. It's business.
networking  Goldman_Sachs  women  relationships  mentoring  personal_relationships  quid_pro_quo  transactional_relationships 
march 2012 by jerryking
Robin Domeniconi of the Elle Group, on Challenging - NYTimes.com
Q. What would say if you were asked to speak to a group of
young entrepreneurs about building a culture at a company?

A. I could boil that down to two words. One is trust. You need to trust
everyone you work with — and it goes into personal relationships, too —
because the only thing that creates jealousy, the only thing that
creates fear, is that you’re not trusting or understanding something.

Communication is the second one. If you can communicate what your fears
are, your challenges are, and if you trust that the people you work with
all want the right outcome, then the environment is going to create
itself. It really does. If you have complete and utter trust in
somebody, you’re going to really be able to be vulnerable.
hiring  trustworthiness  Communicating_&_Connecting  leadership  organizational_culture  personal_relationships 
january 2011 by jerryking
Luxury tea purveyor hopes to brew business in Canada
Nov. 25, 2010 | The Globe and Mail | Alexandra Seno. Idea
for Mark Orlach? Despite becoming a phenomenon at home in Singapore,
luxury tea purveyor TWG Tea is planning to enter Canada as part of
establishing a presence in North America. Taha Bouqdib, the company's
co-founder and president, says it’s “in search of the right partner to
boost expansion into the Canadian market.”

Seeing an opportunity for growth in upscale tea, Mr. Bouqdib, a former
top executive at Paris tea specialist Mariage Freres, and
Singapore-based entrepreneur Manoj Murjani, started TWG in 1997. The
company blends its teas in Asia, not far from the world-renowned
plantations that provide them the leaves. Personal relationships with
the suppliers ensure the first-pick with each harvest.
beverages  teas  luxury  Singapore  retailers  market_entry  personal_relationships 
december 2010 by jerryking
Op-Ed Columnist - The Sandra Bullock Trade - NYTimes.com
March 29, 2010 | NYT | By DAVID BROOKS. Marital happiness is
far more important than anything else in determining personal
well-being. If you have a successful marriage, it doesn’t matter how
many professional setbacks you endure, you will be reasonably happy. If
you have an unsuccessful marriage, it doesn’t matter how many career
triumphs you record, you will remain significantly unfulfilled...the
correspondence between personal relationships and happiness is not
complicated. The daily activities most: associated with happiness are
sex, socializing after work and having dinner with others...injurious to
happiness is commuting...to find a good place to live, ask people if
they trust their neighbors...interpersonal relationships [are]
important...We need better preparation at making social decisions. “The
Hidden Wealth of Nations” by David Halpern & “The Politics of
Happiness” by Derek Bok — argue that public institutions should pay
attention to well-being and not just material growth.
books  happiness  relationships  marriage  David_Brooks  trustworthiness  life_skills  personal_relationships  pay_attention 
march 2010 by jerryking
Books of The Times - Miranda Carter’s ‘George, Nicholas and Wilhelm’ and World War I
March 23, 2010 | NYTimes.com | By DWIGHT GARNER. Book review
of GEORGE, NICHOLAS AND WILHELM
Three Royal Cousins and the Road to World War I By Miranda Carter. This
is a book about ideas as well as history, and the big question Ms.
Carter poses is this one: To what degree can close personal
relationships, between royals or other world leaders, prevent war?

Illustrated. 498 pages. Alfred A. Knopf. $30.
WWI  book_reviews  royal_courts  personal_relationships  biographies 
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

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