LAOS: Discovering the Heart of Southeast Asia MICHAEL
Haunted by Disappointment: The Rise and Fall of BURGER KING'S Halloween Whopper
Most To Watch Out
INFLUENTIAL LEADERS In Business
LAOS: Discovering the Heart of Southeast Asia MICHAEL
Haunted by Disappointment: The Rise and Fall of BURGER KING'S Halloween Whopper
Most To Watch Out
INFLUENTIAL LEADERS In Business
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Inourlatestissue,titled we "MostInfluentialBusinessLeadersToWatchOut," embarkonanexhilaratingexplorationofthedynamiclandscapeofglobalbusiness leadership.Aswedelveintothestoriesofinfluentialleaderswhoaremakingwavesin theirrespectiveindustries,weinviteourreaderstojoinusonajourneyofinspiration, innovation,andinsight.
Intoday'sfast-pacedandever-evolvingbusinessworld,influentialleadersplayapivotal roleinshapingthefutureofindustries,drivinginnovation,andinspiringpositivechange. Frompioneeringnewtechnologiestoredefiningcorporatecultures,theleadersfeaturedin thisissuearetrailblazerswhoarepushingboundaries,challengingnorms,andsettingnew standardsforsuccess.
Throughin-depthinterviews,thought-provokingprofiles,andinsightfulanalysis,weoffer ourreadersaglimpseintothemindsandmotivationsoftheseinfluentialleaders.We exploretheirstrategies,philosophies,andtheuniquequalitiesthatsetthemapart, providingvaluableinsightsandinspirationforaspiringleadersandseasoned professionalsalike.
AtTheEnterpriseWorld,wearecommittedtocelebratingexcellenceandrecognizingthe achievementsofthosewhoaremakingasignificantimpactontheworldofbusiness.By shiningaspotlightonthemostinfluentialbusinessleaderstowatchoutfor,weaimto inspireourreaderstoreachnewheights,embraceinnovation,andleadwithpurposeand passion.
Thankyouforjoiningusonthisjourneyaswecelebratethe"MostInfluentialBusiness LeadersToWatchOut."Together,letusbeinspired,empowered,andmotivatedtocreate abrighterfutureforourselvesandtheworldaroundus.
Shalmali W.Forthecoverreadabout-
Intoday’sfast-pacedmarketinglandscape,effectiveleadersmustnavigate challengeswithagility,embracingchangeandstayingattunedtoevolving trends.Successhingesonadaptability,asleadersmustadeptlysteerthrough adversitieswhilealigningstrategieswithdynamicmarketdemands.
Thrivinginthisenvironmentrequiresakeenunderstandingof contemporaryrequirementsandaproactiveapproachtoinnovation.The abilitytoswiftlyrespondtoshiftingtrendspositionsmodernbusiness leadersascatalystsfororganizationalgrowth,ensuringtheirteamsremain resilientandforward-thinkinginanever-changingbusinesslandscape.
Recognizedasadynamicentrepreneurandmanagementstrategist,Richard Edwin(CEOatErithGroup)isamodern-dayleaderwhowalkshand-inhandwiththeevolvingmarketneedsandtrends.ThankstoRichard’srich experienceandprowess,wearefeaturinghiminourlatestmagazineissue “MostInfluentialBusinessLeadersToWatchOutFor-
Intoday'sfast-pacedmarketing
landscape,effectiveleaders mustnavigatechallengeswith agility,embracingchangeand stayingattunedtoevolvingtrends. Successhingesonadaptability,as leadersmustadeptlysteerthrough adversitieswhilealigningstrategies withdynamicmarketdemands.
Thrivinginthisenvironment requiresakeenunderstandingof contemporaryrequirementsanda proactiveapproachtoinnovation. Theabilitytoswiftlyrespondto shiftingtrendspositionsmodern businessleadersascatalystsfor organizationalgrowth,ensuring theirteamsremainresilientand forward-thinkinginaneverchangingbusinesslandscape.
Recognizedasadynamic entrepreneurandmanagement strategist,RichardEdwin(CEOat ErithGroup)isamodern-day leaderwhowalkshand-in-hand withtheevolvingmarketneedsand trends.ThankstoRichard'srich experienceandprowess,weare featuringhiminourlatestmagazine issue “Most Influential Business Leaders To Watch Out For-2023”
Anexperiencedprofessional,heinitiallyservedwithGPT/Garlock,asubsidiary ofENPRO,aremarkable130-yearoldlegacy,arenownedUS-basedcompany's division,foroveradecade.
EnproislistedontheNewYorkStockExchangewithaglobalpresencewith headquartersintheUSandmultiplelocationsworldwide.
In2016,Richardassumedapivotalrole,headingtheMiddleEastandAfrica division.HewasGeneralManagerinDubai,contributinghisexpertisefora commendablefive-yeartenure.
Inresponsetotheevolvinggloballandscapeandtheunprecedentedchallengesof theCOVID-19pandemic,EnproIndustriesimplementedastrategicshiftinits MiddleEastoperations.Thisinvolvedcarefullyreassessingtheirpresenceinthe regionandultimatelymakingadjustmentstoalignwiththecompany'slong-term goals.
DrivenbyadeepcommitmenttohisteamandapassionfortheMiddleEast operation,Richardseizedtheopportunitytochartanewcourse.Hepresenteda compellingproposaltoEnproIndustries,outlininghisvisionforestablishinga newcompanythatwouldcarrythetorchofGarlockMiddleEast'slegacy This move,fueledbyadesiretoensurethewell-beingandcontinuedsuccessofthe dedicatedemployees,resonatedstronglywithEnpro'sleadership.
Followingconstructivenegotiations,amutually beneficialagreementwasreached.Richard's entrepreneurialspiritandunwaveringdedication totheteampavedthewayforaseamless transition,preservingthecorevaluesand expertisethatmadeGarlockMiddleEasta success.Thisboldventuremarkedtheexciting beginningofanewchapter,onefueledbyhuman connection,unwaveringcommitment,anda sharedpassionfortheregion.
However,thejourneydidnotunfoldwithoutits shareofchallenges.Theprevailingglobal circumstance,dominatedbytheimpactof COVID-19,posedsignificanthurdles.Fueledby anunwaveringentrepreneurialspirit,Richard spearheadedthecreationofErithGroup duringaperiodofglobaluncertainty. Withcreativityanddetermination, heandhisteamtackledthe intricatestartupcomplexities, pavingthewayforErith Group'ssuccessful journey.
Richard S. Edwin, CEOWhenbalancingtheneedtoinnovate andtakeriskstomaintainstabilityand profitabilityintheindustry,Erith Groupemphasizespeople empowerment.Thecompany recognizesthestrengthwithinthe organization'stalentedindividualsand ensuresanalignmenttowarda commongoal.Moreover,regular communicationofitsvisionandethos enablesemployeeengagement,witha centraltenetbeingprioritizingboth employeesandcustomers.InRichard's opinion,maintainingadelicate equilibriuminriskmanagementposes aperpetualchallenge,asthelandscape ischaracterizedbynuancedshadesof grayratherthanstarkblack-and-white distinctions.Underhisleadership,the teamconsistentlyengagedinrisk mitigationstrategies,strivingto minimizetheimpactofuncertainties onErith'strajectory.
Essentially,oneofthemostcritical componentsinrisk-balancingis financialcontingency.Richardis keenlyawarethatnoplansshould unsettleErith'scurrentbusiness stability,whichextendsbeyondthe companyitself,consideringitsimpact ontheemployeesandtheirfamilies. Whileunderstandingthemarket dynamicsisvitalforeffectiverisk management,hecloselyobserveshow themarketreacts,identifies opportunities,andevaluatestheimpact ofclimatechange,sustainability,and localregulations.Erith'sapproach mostlyinvolvesstayinginnovativeand experimentalwhileavoidingcommon venturesandfocusingsolelyon advancedengineeringprojects. “Collaboratingwithspecialized engineeringpartnersglobally highlightsourcommitmentto groundbreakingsolutions,”says Richard.
Moreover,Erith'slong-termvision alignswithRichard'sstrategic approach,extendingtothebroader countryandregionalgoals.
Establishingofficesandmanufacturing intheUAEreflectsthecommitmentto in-countryvalue,withanadditional presenceinSaudiArabia,Egypt,and Algeriaforbettercustomer engagement.Inadditiontothese, Richardemphasizespeople empowerment,fosteringatransparent culturewhereemployeesunderstand risks.Hehighlightsthatbalancingrisks involvesstrategicassessments,robust financialplanning,andstayingattuned tomarketdynamics,reinforcingthe company'spositionasaforwardthinkingplayer
Atthehelm,Richardensureshis leadershipphilosophyisimbibedinthe companycultureandreflected throughouttheorganization.Hefosters acultureofclearcommunicationand consistency.Indoingso,he emphasizestheimportanceofensuring everyonecomprehendstheirroles throughtransparentcommunication andempowerseachindividualwhile aligningthemwiththecompany's values.Afundamentalbeliefguides theirapproach:alwaysdoingtheright thing,evenwhenitprovestobethe mostchallengingcourseofaction.
Additionally,Richardfocuseson creatingacollectiveawarenessand alignmenttowardconsistentlymaking decisionsbasedonwhatismorallyand ethicallyright,evenwhenfacedwith difficulties.Althoughclear communicationandconsistencyare essential,emphasizingthattheright decisionisoftenchallenging.This philosophyguidestheteamin navigatingdifficultscenarioswithan unwaveringcommitmenttodoingwhat
isright.Essentially,Richard's leadershipfocusesonaligning individualswithcompanyvaluesand consistentlymakingethicallysound decisions.Reinforcingthese principlesdailycreatesawork environmentwhereemployees embraceasharedcommitmentto ethicaldecision-making,prioritizing doingtherightthinginall circumstances.
NurturingtalentandmentorshiparevitalaspectsforRichard;hence,heactivelymanages teams,emphasizingfinancialoutcomesandindividualdevelopment.Hebelievesin universalgrowth,aligningwiththecompany'sdualbottom-linephilosophy,valuing financialresultsandpeopledevelopmentequally.
Withthatbeingsaid,Erithleveragesinternalandexternalresources,fosteringasupportive networkthroughmentorshipprograms.Thecompany'scommitmenttopeopledevelopment isevidentinitscorporateculture.Eachemployeebenefitsfrommentorship,prioritizing learningandgrowth.Richardrecognizesmentors'pivotalroleinguidingprofessional journeys.Asaleader,Richardunderstandsthateffectiveteammanagementgoesbeyond financialgoals.Itinvolvescreatinganenvironmentsupportingcontinuouslearning.
Propellingthecompanyforward involvesstrategicallyunderstanding itsidentityandaspirations.Reflecting onitsevolutionintoaglobal manufacturerintheMiddleEast. UnderRichard’sleadership,Erithis activelytransitioningfrombeing solelyaproductsupplycompanyto focusingonmanufacturing,leadingto theestablishmentofalocal manufacturinglocation.Thismarksa significantphase,expandingbeyond manufacturingtobecomea comprehensiveecosystem.Thegoalis toactivelyofferaseamless360degreeexperienceforclients,covering productsupply,efficientlocal manufacturing,andpersonalized services.Thisstrategicvisionactively positionsthecompanytoshapeits roleproactively,creatinganactive, dynamic,andcustomer-centric ecosystem.
AccordingtoRichard,Erith'ssuccess issteeredbyitsclearvision,a steadfastcommitmenttosustainable high-endtechnology,andanemphasis onempoweringitsworkforce.This uniquecombinationdistinguishesthe companyinthemarketplaceandlays arobustfoundationforitsprosperous, collectivefuture.Moreover,the companyacknowledgesthe importanceoftechnologyinpivoting forward,especiallyinenhancing customerexperiences.Hence,it ensuresanalignedfocuswiththe futuretrajectory,characterizedbya drivetowardslowemissions.Erith alsotakesprideinmanufacturing productswithloworzeroemissions, achievedthroughcollaborationswith globalentities.Thisstrategicapproach respondstocurrentmarketdemands andpositionsErithasaproactive contributortoasustainablefuture.
Aconcreteillustrationoftheimpactof Erith'stechnologyliesincritical applicationssuchasoilfields.These environmentsoftenharborhazardous substances,withevenminute percentagesofelementslikeH2S posingsevereriskstohumanhealth. Certainoilfieldscontainsubstantial proportions—30to40%,oreven 50%—ofH2S,whichcanbefatal. Erith'sproductsandtechnologyplaya pivotalroleinmitigatingand sometimeseliminatingtheriskof leakageintheseaggressivecritical applications.
Inaddition,Erith'scommitmentto technologicalexcellencenotonly alignswithmarkettrendsbutalso addressespressingchallengesinhighrisksectors.Thecompanyisan industryleaderinprovidingsafeand sustainablesolutionsforcritical applicationsbyproactivelyengaging withglobalpartnersandleveraging cutting-edgesolutions.Asitlooks towardsthefuture,integrating innovativetechnologyremainsakey factorinensuringboththecompany's andstakeholders'presentandfuture success.
Giventheincreasingconcernstowards climatechangeandsustainability, Richardacknowledgestheglobalshift towardssustainabilityandreduced emissionsduetohumanityconsuming resources1.5timesfasterthanthe Earthcanreplenish.Inhisopinion,the needforinnovativestrategiesaligning withmarketandcustomerdemandsis morecrucialthanever.Currently,the markettrendisfocusedon sustainability,athemeechoedatCOP 28inDubai.Withthatbeingsaid,Erith activelydevelopsproductsaligning withmarketdynamicsandthe country'svisionforsustainability.The companyemploysadualstrategy, investingininternalinnovationand collaboratingwithglobalfirms,
notablyfromtheUS.Thisapproach integratescutting-edgeproducts, aligningwiththeleadership'svision andadaptingtomarkettrends.Italso avoidscommodity-drivenpractices, tailoringproductstomeetcustomers' uniqueneeds.Thiscustomer-centric strategydifferentiatesthecompany, offeringsolutionscraftedforspecific andevolvingcustomerrequirements.
Whenitcomestostrikingaperfect balancebetweenworkandlife, Richardsaysitsimperativefor organizationstoofferandcreatea workplacethatprioritizeswork-life balanceandperceivesitasastrategic investmentinthehealth,happiness, andproductivityoftheworkforce.By championingtheseinitiatives,Erith seekstoestablishaculturewhere employeesfeelvalued,supported,and empoweredtomaintainequilibriumin theirprofessionalandpersonallives. Whileensuringahealthywork-life balanceisatoppriorityforRichard andthecompany,recognizingits pivotalroleinenhancingefficiencyand productivityisalsonecessary.Asa result,hesetsanexamplebystrictly
adheringtotheprinciplethatworkrelatedcallsshouldnotencroach uponfamilytimeunlessthere'san emergency.Unlessexigencies demandotherwise,weekdaysare designedwithflexibletimings, allowingemployeesthelatitudeto adjusttheirschedules,especially consideringcommutingchallenges.
Inadditiontoflexibleworkhours, ErithhasauniqueWellnessDay initiativethatinvolvesactively nudgingemployeestotakeadayoff everymonthdedicatedsolelytotheir well-being.Richardenvisages expandingthisconcept,possibly extendingittotwoorevenfourdays, convenientlyaligningwithweekends atthebeginningorendforamore extendedrejuvenationperiod.The underlyingphilosophyisto emphasizetheimportanceofmental health.Richardfirmlybelievesthat dedicatingtimetofocusonmental well-beingcontributestoahealthier workforceandheightened productivityandoverallhappiness amongemployees.Thecompanyis committedtofosteringan environmentwhereindividualsare notjustemployeesbutalso individualswithholisticwell-being.
Collaborating with specialized engineering partners globally highlights our commitment to groundbreaking solutions.
Richardcontinuestocreateaninfluentialpersonaamonghispeersasaseasonedleader.He motivatesthemwithhisleadershipcharismaandideologytosteersuccessconsistently throughouttheorganization.Moreover,hedrawsinspirationfromseveralpeoplearoundhim andcontinuesfosteringtheselearningsinhiseverydayrolesandresponsibilities.Accrediting thenumberofpeoplewhohaveinspiredhim,hebelievesbooksarehisbiggestsourceof inspiration.Onesuchbook,'TheArtofWar',hashelpedRichardwithhisstrategies.Healso enliststhepeoplewhohavehelpedwithhiscareer,startingwithhisparentsandcolleagues, whoareveryimportanttohim.OnesuchimportantfigureinhislifeisMikeFaulkner,hisexbossandagreatfriend.“IjustpickupthephoneandcallhimifIneedjusttopassarounda thoughtordiscussanythingthat'sreallychallengingformeorevengetaconfirmationsortof perseifIneedsomesupport,youknow.Sopeopleoverbooksformethat'svery inspirational,”concludesRichard.
LaosislikeahiddentreasureinSoutheastAsia,a placefullofstoriesandbeautifulsights.Aplace withgreenmountains,fieldsofriceonhills,and theMekongRiverthatflowsgently,sharingits tales.InLaos,ancientcustomsmixwiththespirit ofitsculture,creatingawarmwelcomefor anyonewhocomestoexploreanddiscoverthe hiddenwondersofthisland.
Inthissecrethaven,timetakesitstime,letting youenjoyeachmomentlikethelocalluxuries. Whetheryou'recruisingdowntheMekongor exploringthemountainsinthenorthofLaos, everysteprevealsthewondersofthisuntouched land.Aplacewhereculture,nature,and spiritualitycometogether,let'sknowmoreabout itthroughthisarticle.
CulturalLandscape:
Itisacountrywithabout7millionpeopleanditisalsohometo68 differentgroupsofpeople.ThesegroupsliveinvariouspartsofLaos, likelowlands,midlands,andhighlands.Mostpeople,around68%, liveneartheMekongRiverinthelowlands.Furthermore,22%ofthe populationresidesinthemountains,and9%inthehighlands. Additionally,thereisa1%minoritycomprisingindividualsof VietnameseorChineseorigin.
MostpeoplespeakLao,butsomeinruralareasspeakotherlanguages likeKhmuandHmong.TheyalsolearnFrenchinschool.Buddhism isthemainreligion,andit'sessentialindailylife.Ithassomesocial rules,likegreetingswithagesturecalled"nop"orasmileandbow Peopleavoidthingslikebackslappingandpublicdisplaysof affection.Buddhismalsoinfluencesthingslikerespectingelders,not touchingheads,andremovingshoesbeforeenteringhomesor temples.
GeographicalRange:
LaosisalandlockedcountryinSoutheastAsia,borderedby severalneighboringcountries.Itissituatedtothenorthwestof Vietnam,westofCambodia,southofChina,eastofThailand, andnorthofMyanmar(Burma).TheMekongRiverrunsalong itswesternborder,servingasanaturalboundarywithThailand. Laoshasadiversetopography,withmountainousregions, plateaus,andthefertileMekongRivervalley.Thecountry's geographicalrangeencompassesavarietyoflandscapes, contributingtoitsrichbiodiversityandculturalheritage.
Laosexperiencesatropicalclimatewithdistinctwet anddryseasons.Thebesttimetovisitdependson personalpreferences,withthecool,dryseasonfrom NovembertoFebruarybeingthemostpopular This periodofferspleasanttemperatures,makingitidealfor exploringthecountrywithoutheavyrainfall.Thewet season,fromMaytoOctober,bringslushgreen landscapesbutischaracterizedbyfrequentrain showers.
Ithasdeliciousfoodwithuniqueflavorsinfluenced bynearbycountries.Must-trydishesinclude:
Kaipen:Kaipen,orkaipaen,isaLaotiansnackmadefromgreenalgaefoundinthe MekongRiverinnorthernLaos.Afterwashing,thealgaeispressedintothinsheetsand seasonedwithgarlicandsesameseedsbeforebeinglefttodryinthesun.Thebestway toenjoykaipenistofrythesheetsuntiltheybecomecrispy.Itisoftenpairedwithjaew bong,adippingsaucemadefromroastedchiliandthinpiecesofbuffaloskin.This combinationcreatesatastyandflavorfultreatthatrepresentsLaotianculinarytradition.
Khaopoon:Khaopoonisabelovedcomfortlocalfood,featuringricevermicellinoodles inaflavorful,spicysoup.Thesoupiscraftedbysimmeringpoundedmeat(chicken,fish, orpork)withingredientslikefishsauce,garlic,shallots,chilies,limeleaves,galangal,and perillaleavesToenhancethedish,varioustoppingsareadded,includingshredded cabbage,shallots,springonion,coriander,mintleaves,andstringbeans.Thiscombination createsadeliciousandsatisfyingmealenjoyedbymanyinLaos.
Laospho:Laospho,originatingfromVietnam,isabelovedsoupenjoyedbymany locals.Ithasthinslicesofbeef,pork,orchicken,alongwithtripe,meatballs,and sometimesinnardslikeheart,liver,ortongue.Youcanpickwhetheryouwantitwithflat orthinricenoodles.Peopleoftenaddtoppingslikechilioil,limejuice,beansprouts, longbeans,holybasil,andcilantrotomakeitevenmoredelicious.
Orlam:OrlamisakindofthickandmildlyspicystewfromLuangPrabanginLaos.It hasbeans,eggplant,lemongrass,basil,chilies,woodearmushrooms,cilantro,andgreen onion.Aspecialthinginthisstewismaisakaan,alocallygrownvinethatyou'renot supposedtoeat(justchewandspititout).Orlamalsohasdriedbuffalomeat,beef,or chickenmeatinit.
Ÿ LuangPrabang:LuangPrabangisaspecialcityinLaos.It'saUNESCOWorldHeritagesitebecauseofitsancient templesandthedailyceremonywheremonkscollectfood.Riverssurroundthecity,offeringapicturesqueviewfrom MountPhouSi.LuangPrabang,withitsrichhistoryandserenebeauty,isworthavisit,featuringattractionssuchasthe stunningKuangSiwaterfalls.
Ÿ Vientiane:VientianeisLaos'capitalcitybytheMekongRiver,nearThailand.IthasplaceslikePhaThatLuangandHaw PhraKaew TheseplacesshowLaos'historyandmixofFrenchinfluence.Vientianehasbeenimportantforalongtime, fromancientkingdomstoFrenchrule,andnowasamoderncitywithoveramillionpeople.It'sacitywhereoldtemples andnewthingscometogether,tellingthestoryofthisplace.
Ÿ PlainofJars:InLaos,there'saspecialplacecalledthePlainofJars.Here,numerouslargestonejarsarescatteredacross thelandscape.Discoveredin1930,thesejarsarebelievedtobeassociatedwithancientburialcustoms.Thejarsvaryin sizeandareoftenarrangedinclusters.Theyhaveasignificantage,datingbacktoaperiodbetween1240and660BC, makingthissitecrucialtoSoutheastAsianhistory.Despitefacingheavybombingduringthewar,ongoingeffortsare beingmadetoensureitssafetyforvisitors.In2019,thePlainofJarsachievedUNESCOWorldHeritageSitestatus.
Ÿ KuangSiFalls:KuangSiFalls,isamagicalspotinthemiddleofnature.Thefallshavelotsoflayers,likestepsmadeof water Thewaterisastunningbluecolor,anditmakespoolswhereyoucangoforacoolswim.TogettoKuangSiFalls, youwalkthroughtheforest,enjoyingalltheplantsandanimals.It'sapeacefuljourney,andwhenyouarrive,thebig waterfallisreallyimpressive.YoucanevenexploretheKuangSiButterflyParknearby,wherecolorfulbutterflieslive freely.KuangSiFallsisaspecialpartofLaos,showingoffthebeautyofuntouchednature.It'saperfectplaceforpeople wholovebeingoutdoorsandwanttoseesomethingamazing.
VisiticonictempleslikeWatXieng Thong,WatSisaket,andWatPhufor aspiritualexperienceinLaos.
Enjoyascenicjourneyalongthe MekongRiver,witnessingrurallife andpicturesquelandscapes.
Hikethroughlushhillsandvalleys, discoveringethnicminorityvillages andbreathtakingvistas.
ExplorethehighlandsofsouthernLaos, knownforcoffeeplantations,stunning waterfalls,andindigenouscommunities.
Supportlocalartisansbypurchasing handmadetextiles,ceramics,andwood carvingsfromtraditionalmarketsand workshops.
TomakethemostofyourLaosexperience,consider planningyourvisitduringthedryseason.The monthsofNovembertoFebruaryoffercool temperatures,makingitcomfortableforexploring culturalsitesandoutdooractivities.However,those seekingadifferentperspectivemayoptforthewet seasonwhennatureflourishes,providingaunique andverdantbackdrop.
Itisaplacewithitsculturalrichness,diverse landscapes,andwarmhospitality,providesan extraordinarytravelexperience.Whetheryou seekspiritualserenity,outdooradventures,ora tasteofauthenticSoutheastAsiancuisine,Laos welcomesyouwithopenarms.Asyouexplore thishiddengem,you'lldiscoveralandwhere timeseemstoslowdown,allowingyoutoenjoy thebeautyandcalmnessthatdefinetheheartof Laos.
Investingisnoteveryone’scupoftea,andtherehavebeenfarlesssuccessful
stories.Naturally,whenitcomestoinvesting,youcan’thelpbutdraw inspirationfromMichaelBurry.Justayoungboy,tryingouthishandin investingwhileinmedicalschool,MichaelBurrycaughtthespotlight,wherehis nameevenreachedhighlyregardedcompanieslikeVanguard.
MichaelBurrythenwentontoshortthehousingmarket,wherehemaderoughlya $100million.HewasalsooneofthemaincharactersinanOscar-winningmovie–TheBigShort.Now,ifyouhaveseenthemovie,youmusthavewonderedwhatit wouldtaketoinvestlike‘the’MichaelBurry Whileitmaynotbeaseasyasit seems,letustakealookathisportfolioandhisuniqueapproachtoinvesting.
ScionCapital’sQ32023Investment:$4.3million
AlibabaGroupHoldingLimited(NYSE:BABA)isabigonlinesellerandtech companyworldwide.It'sratedStrongBuyandanalyststhinkitsshareprice couldgoupby$57,aimingforanaveragesharepricetargetof$140.
InJune2023,outof910hedgefunds,112ownedsharesofAlibabaGroup HoldingLimited(NYSE:BABA).ThelargestofthesewasDavidTepper’s AppaloosaManagementLP,withasignificantinvestmentworth$372million.
ScionCapital’sQ32023Investment:$4.6million
BookingHoldingsInc.(NASDAQ:BKNG)isacompanythatprovidestravel services.It'sinterestingtonotethatMichaelBurryhada$4.6million investmentinthecompanyasofSeptember2023,buthealsohadputoptions worth$7.7million.ThissuggeststhatBurrymightbeanticipatingadropinthe stockpriceandhastakenstepstoprotecthisinvestments.AlongsideAlibaba andJD,BookingHoldingsInc.wasanewadditiontoScion’sinvestment portfolioinQ3.
InQ22023,78outof910hedgefundshadinvestedinBookingHoldingsInc. (NASDAQ:BKNG).ThelargestshareholderatthattimewasArrowstreet Capital,ledbyPeterRathjens,BruceClarke,andJohnCampbell.Theyowned 511,104sharesvaluedat$1.3billion.
ScionCapital’sQ32023Investment:$4.8million
StarBulkCarriersCorp.(NASDAQ:SBLK)isaGreekcompanythatshipsdry bulkcargo.Itssuccessistiedtoastrongglobaleconomy,andanalyststhinkits sharesareaStrongBuyonaverage,withanaveragepricetargetof$23.97.
IntheJunequarterof2023,portfoliosof910hedgefundswereanalyzed, revealingthat15hadpurchasedsharesofStarBulkCarriersCorp. (NASDAQ:SBLK).HowardMarks’OaktreeCapitalManagementemergedas thelargestinvestoramongthem,withsharesvaluedat$461million.
ScionCapital’sQ32023Investment:$6.9million
NexstarMediaGroup,Inc.(NASDAQ:NXST)isanAmericancompanythat focusesontelevisionandbroadcasting.Dr.Burryhadasignificantincreasein hisinvestmentinthecompanyduringthethirdquarter,boostinghisholdingsby 225%,whichwasoneofthelargestjumpsseen.Additionally,analystsratethe company'ssharesasaStrongBuy,withanexpectedaveragepriceincreaseof around$55.
AsoftheendoftheJunequarterin2023,30outof910hedgefundswere investorsinNexstarMediaGroup,Inc.Thelargesthedgefundshareholderat thattimewasAmyMinella’sCardinalCapital,withholdingsvaluedat$129 million.
ScionCapital’sQ32023Investment:$7.6million
StellantisN.V.(NYSE:STLA)isamongthelargestcarmakersglobally Currently,thecompanyisaddressingtheaftermathofsignificantunionstrikes intheUnitedStates.Tomanagethis,it'sofferingbuyoutoptionstoworkers, aimingtocreatefinancialroomforproducingelectricvehicleswhilealso honoringunionagreements.
Inthesecondquarterof2023,27outof910hedgefundshadinvestmentsin StellantisN.V.(NYSE:STLA).Thelargeststakeamongthesewasheldby ArrowstreetCapital,ledbyPeterRathjens,BruceClarke,andJohnCampbell, valuedat$420million.
MichaelBurry,avalueinvestor,followstheprinciplesoutlinedinthebookSecurity AnalysisbyBenjaminGrahamandDavidDodd.Hefocusesonakeyideacalledthe "marginofsafety."Thismeanshelooksforcompanieswhosestockpriceislowerthan whatthey'reactuallyworth.Burrybelievesthatinvestinginsuchcompaniesissafe becausetheirstockpricesarelikelytoincreaseovertimetomatchtheirtruevalue.
Manyinvestorsuseavalueinvestingstrategy,butBurryhassomeuniquemethodsthat sethimapartandcontributetohissuccess.Here'swhatmakeshisapproachdifferent:
Hesearchesforvalueeverywhere,saying,"IfIsee valueinit,it'sapotentialportfoliocandidate.”
Hismostfamousinvestmentwasn'tastock,butcredit defaultswapsthatheusedtobetagainstthehousingmarket.
Hemakesdecisionsbasedonhisownanalysis, notinfluencedbyothersormarketemotions.
Burryiswillingtotakeadifferentstancefrom thecrowdandreliesonhisownresearch.
Heofteninvestsinunpopularsectors,believingit'sachance tobuystrongcompaniesduringtimesofirrationalselling.
Burryisknownforbeingselectiveinhisinvestments.Atthecloseof2022, ScionAssetManagementheldonlyninestocks,reflectingBurry'spreference forqualityoverquantity.Heoptsforstocksthatoffergoodvalueanda marginofsafety,ratherthanspreadinghisinvestmentsacrossnumerous companies.Thisapproachcontrastswiththestrategyofinvestinginmany companieswiththehopethatafewwillyieldsignificantreturns,asBurry aimstomakeeachinvestmentcount.
“Youarewhatyoueat..”isabeliefthatmade Kellogg’soneofthemostpopularchoicesfor Americansinthebreakfast.SetupbybrothersWill KeithKelloggandDrJohnHarveyKellogginyear 1870’s,Kelloggdiscovereddifferentwaystotocook andcrushwheatandmadeitmorepalatablewithout losingitsnutritionalvalue.Thebrandprovedthat makingcerealandfeedingittomillionsofpeopleis notatalldifficultthingtoexecute.Thecompany decidedtogoonestepaheadbyproducingBreakfast Matesforbusyfamiliesinwhichthereareworking parentsandsavetheirtime.However,thecompany failedmiserablyandturnedouttobeadisaster.Do youwanttoknowthestorybehindthis?Explorethe sameinthisarticle.
TheHalloweenWhopperwasalimited-timeburgerintroducedbyBurgerKingspecificallyfortheHalloweenseason.What madeitstandoutwasitsblackbun,leavingthetypicalbrownbunsfoundonmostburgers.Theblackcolorwasachievedby incorporatingA.1.Steaksauceintothedough,givingthebunadistinctflavorandaspookylook,whichwasfittingforthe Halloweentheme.Thisnoveltyfactorattractedalotofattention,andmanypeoplewereeagertotryitduetoitsuniqueness comparedtoregularburgers.
TheHalloweenWhopperwascreatedbyBurgerKingin2015tojoininthe Halloweenfestivitiesandattractmorecustomers.Itmadetheburgerspecial bygivingitablackbunflavoredwithA.1.Steaksauce,makingitlook spooky.Itwantedtoexcitepeoplewithauniquemenuitemthatmatchedthe Halloweenvibe.Byofferingthislimited-timeburger,thecompanywanted peopletotalkanddrawattentiontotheirbrandduringtheholidayseason.
TheHalloweenWhopperwasn'tjustaboutsellingburgersduringHalloween. ItwasalsoBurgerKing'swayofstandingoutfromotherfast-foodplaces.By makingaburgerwithablackbun,itwantedtocatchpeople'sattentionand showthebrandiscreativeanddifferent.
Plus,thespookyburgerwasperfectforsocialmedia.Peoplelovedsharing picturesofitonline,whichhelpedspreadthewordaboutBurgerKingeven more.So,besidesboostingsales,theHalloweenWhopperwasawayforitto connectwithcustomersandgeteveryoneexcitedaboutHalloween.
TheHalloweenWhopper,introducedbyBurgerKinginOctober2015,wasalimitedtimeofferingdesignedtocelebratetheHalloweenseason.Itskeyfeaturesinclude:
BlackBun:
Themostwell-knownfeatureoftheHalloweenWhopperwasitsblackbun, whichwasfilledwithA.1.Steaksauce.Thisuniqueandvisuallyoutstanding bungavetheburgeraspookyappearance,perfectforHalloween.
TheblackbunoftheHalloweenWhopperwasn'tjustforshow; italsoaddedaboldandsavoryflavortotheburger Thisextra flavormadetheHalloweenWhoppertasteevenbetterandmade itdifferentfromotherthingsyoucaneatatBurgerKing.
Likemanyseasonalofferings,theHalloweenWhopper wasavailableforalimitedtimeonlyinOctober This madepeoplefeelliketheyhadtotrytheburgerquickly beforeitwasgonefromthemenu,whichgotthem excitedandeagertotasteit.
PromotionalCampaign:
BurgerKing'sHalloweenWhopperwaspart ofapromotionalcampaignaimedatprofiting fromtheHalloweenholiday Theburger's uniqueappearanceandflavorwere highlightedinadvertisingandmarketing materialsattractingcustomerstotrythe limited-timeoffering.
ThecoollookoftheHalloweenWhopper madepeoplewanttoshareitonsocialmedia. Theytookpicturesandwrotereviewsaboutit online,spreadingthewordevenmoreand bringingfansofthebrandtogether
Overall,theHalloweenWhopperwasacreativeand attention-grabbingadditiontoBurgerKing'smenu, designedtocelebratetheHalloweenseasonand engagecustomerswithitsuniquefeaturesandflavors.
TheconsumerreactiontoBurgerKing'sHalloweenWhopperwasmixed,withsomecustomersintriguedbyitsunique appearanceandflavor,whileothersfounditoff-putting.
CuriosityandIntrigue:LotsofpeoplewereinterestedintryingtheHalloweenWhopperbecauseithadauniqueblack bunandspecialA.1.Steaksauceinside.Theburger'sdifferentlookcaughtpeople'sattentionandmadethemcurious totasteit.
MixedReviewsonFlavor:SomepeoplelikedthetasteoftheHalloweenWhopperbecauseoftheA.1.Steaksauce flavorinthebun.ThecompanythoughtitaddedsomethingspecialtotheclassicWhoppertaste.Butforothers,the flavorwastoodifferentorstrong,sotheydidn'tenjoyitasmuch.
VisualAppeal:TheHalloweenWhopperlookedcoolwithitsblackbun,solotsofpeoplesharedpicturesofitonsocial media.Thismadeeveryonetalkaboutitandgotpeopleexcitedtotryit.
Limited-TimeAvailability:Justlikeotherspecialmenuitemsthatcomeandgo,theHalloweenWhopperwasonly aroundforashorttime.Thismadesomepeoplewanttotryitquicklybeforeitwasgone,butitmighthavemade othershesitatebecausetheyknewitwouldn'tbeavailableforlong.
MarketingandPromotion:BurgerKing'smarketingandpromotionoftheHalloweenWhopperplayedamajorrole inshapingconsumerviews.Theburgerwasheavilypromotedthroughadvertising,socialmedia,andin-storedisplays, creatingexcitementanddrivingsalesduringtheHalloweenseason.
TheHalloweenWhopperwascreatedbyBurgerKingin2015tojoinin theHalloweenfestivitiesandattractmorecustomers.Itmadetheburger specialbygivingitablackbunflavoredwithA.1.Steaksauce,makingit lookspooky.Itwantedtoexcitepeoplewithauniquemenuitemthat matchedtheHalloweenvibe.Byofferingthislimited-timeburger,the companywantedpeopletotalkanddrawattentiontotheirbrandduring theholidayseason.
TheHalloweenWhopperwasn'tjustaboutsellingburgersduring Halloween.ItwasalsoBurgerKing'swayofstandingoutfromotherfastfoodplaces.Bymakingaburgerwithablackbun,itwantedtocatch people'sattentionandshowthebrandiscreativeanddifferent.
Plus,thespookyburgerwasperfectforsocialmedia.Peoplelovedsharing picturesofitonline,whichhelpedspreadthewordaboutBurgerKing evenmore.So,besidesboostingsales,theHalloweenWhopperwasaway forittoconnectwithcustomersandgeteveryoneexcitedabout Halloween.
TheBurgerKingHalloween Whopperfacedseveralchallengesandcriticismsthatcontributedtoitsperceivedfailure:
UnusualAppearance:
Theblackbunmadesomepeoplewaryaboutitssafetyand unappetizingtotry.
TasteandFlavor:
ThestrongtasteofA.1.Steaksaucedidn'tsitwellwith everyone,leavingsomedisappointedwiththeburger.
HealthConcerns:
Usingfoodcoloringtomakethebunblackraisedhealth worries,especiallyforthosewithdietaryrestrictions.
LimitedAvailability:
BeingavailableonlyduringHalloweenrestricteditsreachand preventeditfrombecomingapopularitem.
MarketingMissteps:
BurgerKing'smarketingfailedtoaddressconcernsorhighlight theburger'sappeal,leadingtouncertaintyamongcustomers.
Ÿ BalanceUniquenesswithTaste: Havingsomethingnewanddifferentcangrabpeople'sinterest,butwhatmattersisifit tastesgood.Evenifsomethinglookscool,ifitdoesn'ttastegreat,peoplewon'tlikeit.So,makingsureaproductis deliciousissuperimportantforitssuccess.
Ÿ ConsiderConsumerPreferences:Understandingconsumerpreferencesandtastesisessentialwhenintroducingnew menuitems.Conductingmarketresearchandgatheringfeedbackcanhelpidentifypotentialconcernsorreservationsthat consumersmayhaveabouttheproduct.
Ÿ CommunicateClearly:Clearandtransparentcommunicationisessential,especiallywhenintroducingunusualor innovativeproducts.Addressinganyconcernsorquestionshonestlycanhelpeaseconsumerhesitationsandbuildtrustin thebrand.
Ÿ ManageExpectations: Makesuretotellcustomersexactlywhattheycanexpectfromtheproductinadvertisementsand promotions.It'simportantnottomakeitsoundbetterthanitisbecausethencustomersmightbedisappointedwhenthey tryit.Justbehonestaboutwhattheproductislike,socustomersknowwhatthey'regetting.
Ÿ TestandIterate:Testingtheproductthoroughlybeforeit'savailabletoeveryonecanhelpfixanyproblemsbeforethey becomebiggerissues.Gettingfeedbackfromsmallgroupsofpeoplewhotrytheproductfirstcangiveimportant informationaboutwhatneedstobechangedorimproved.
Ÿ TimingandAvailability:Considerthetimingandavailabilityoftheproductlaunchcarefully.Takeadvantageof seasonalorevent-basedopportunities,butensurethat,theproduct'savailabilityalignswithconsumerdemandand preferences.
Ÿ AdaptabilityandFlexibility:Bepreparedtoadaptandadjustmarketingstrategiesbasedonconsumerfeedbackand markettrends.Flexibilityandresponsivenessarecriticalfordirectingunexpectedchallengesoraddressingchanging consumerpreferences.
Intheend,BurgerKing'sHalloweenWhopperdidn'ttaste goodtoeveryone,eventhoughitlookedinteresting.This remindsusthatwhilebeingdifferentisneat,havinggoodtaste iscrucial.BurgerKingandothercompaniescanlearnfrom thisbypayingattentiontowhatcustomersenjoyandbeing honestabouttheirproducts.EventhoughtheHalloween Whopperdidn'tdogreat,ittaughtvaluablelessonsabout creatingthingspeopleenjoy.
• Establishment Year: 2010
• Founder: Doug Winter
• Headquartered: San Diego, California, United States
• No. of Employees: 1500
• Website: https://seismic.com/
Overview:
Seismicisatopcompanyworldwide,helpingbusinessesconnectwithcustomers,empowerteams,and boostsales.TheirSeismicEnablementCloud™isaleadingplatformthatgivesteamsthetoolsand knowledgetheyneedtosucceed.Over2,200organizations,bigandsmall,relyonSeismicfortheir needs.HeadquarteredinSanDiego,SeismicalsohasofficesacrossNorthAmerica,Europe,and Australia.
Seismic'sStorytellingPlatformoffersnewwaysformarketerstosharecontentacrossallchannels,and forsalespeopletoconnectwithpotentialbuyersengaginglythroughoutthebuyingprocess.Over700big companieslikeIBMandAmericanExpressuseSeismicforsalessupport.TheSeismicStorytelling PlatformworksseamlesslywithimportantbusinesstoolslikeMicrosoft,Salesforce,Google,andAdobe.
API
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Controls/Permissions
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Archiving & Retention
Audit Management
Audit Trail
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Campaign Management
Cataloging/Categorization
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• Top-notch CRM tool visually tracks lead and opportunity growth.
• Pipedrive's free plan lets you try it out at no cost.
• Limited customization compared to enterprise platforms
• Lack of clear support contacts during downtime
• The lead section was perceived as ineffective
• Top-notch CRM tool visually tracks lead and opportunity growth.
• Pipedrive's free plan lets you try it out at no cost.
• No Salesforce integration, hindering ROI tracking
• Difficult navigation compared to competitors
StreamlinedAutomation:Seismicempowersmarketingteamstoeffortlesslycreatecustomizabletemplatesthatguide sellersthroughgeneratingon-brand,personalizedpresentationdecks,proposals,andmore.Updatesacrossnumerous documentscanbeswiftlyimplementedviaSeismic'sdashboard.
AdvancedAnalytics&Insights:Seismic'srobustanalyticssuiteprovidessalesandmarketingteamswithacomprehensive viewofhowcontentimpactsrevenuegrowth.Predictivecontenttoolssimplifycontentselectionforsellers,expeditingthe salesprocess.
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FlexiblePersonalization:TransformstaticdocumentsintodynamicpresentationswithSeismic,allowingforreal-time personalizationusinglivedataseamlesslyintegratedacrossvariousplatforms.
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- Bryson N.1. What level of support does Seismic offer?
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Seismicoffersthefollowingsupportoptions:Email/HelpDesk,PhoneSupport,KnowledgeBase,Chat
2. Does Seismic offer an API?
Yes,SeismichasanAPIavailableforuse.
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4. What mobile devices does Seismic support?
Seismicsupportsthefollowingdevices:Android,iPad,iPhone