Bookmarks: 5 Interesting Articles to Help You This Week

September 5th, 2017

Credit: iStock

Credit: iStock

Each week, I select a few articles that rise above the fray and hopefully help you on your journey in the CRE world. They pull from one of four “corners:” corporate real estate, technology, management science and anything positive. I welcome your comments on these articles and the submissions of others (with credit to you if I post them). I wish you a terrific week!

On the Day I Die
Just read this. It will keep everything in perspective, I promise. Love those around you.  www.johnpavlovitz.com

Robocalls Flooding Your Cellphone? Here’s How to Stop Them
On a lighter note: “And then there is the Jolly Roger Telephone Company, which turns the tables on telemarketers. This program allows a customer to put the phone on mute and patch telemarketing calls to a robot, which understands speech patterns and inflections and works to keep the caller engaged.

Subscribers can choose robot personalities, such as Whiskey Jack, who is frequently distracted by a game he is watching on television, or Salty Sally, a frazzled mother.

The robots string the callers along with vocal fillers like “Uh-huh” and “O.K., O.K.” After several minutes, some will ask the callers to repeat their sales pitch from the beginning, prompting the telemarketers to have angry meltdowns, according to sample recordings posted on the company’s website.” www.nytimes.com

The Amazing Life of Uber’s New CEO Dara Khosrowshahi — From Refugee to Tech Superstar
“Uber’s board offered the top job at the company to Dara Khosrowshahi, the CEO of Expedia.

The job, should he accept it, represents just another milestone for the 48-year old Khosrowshahi, who has lived an extraordinary life of both hardship and influence.” www.businessinsider.com

What You’re Truly Saying With Your Out-of-Office Reply
“Even better: If you want to truly unplug, own it and don’t apologize. And you should unplug! Studies have shown unplugging can improve your job performance and overall life satisfaction.

Mallory Ortberg, former editor of the beloved but now defunct website The Toast and current Dear Prudence columnist, went this route:

“I am currently on vacation and not accepting any emails about anything,” Ms. Ortberg wrote in one out-of-office autoreply, as Ms. Gould reported in her story. “I’m not planning on reading any old emails when I get back, either, because that feels antithetical to the vacation experience.”

What do you usually write in your out-of-office messages? Tell me at tim@nytimes.com or on Twitter at @timherrera.

Have a great week (or vacation)!”  www.nytimes.com

Workers Are Already Pushing Back Against The Office Of The Future
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“We are constantly told that real estate and technology will interact and fundamentally change the way people work. Big data, smart technology and artificial intelligence are all regularly predicted to have a huge impact on the way offices operate. Co-working and shared workspace are increasingly being touted as the next evolution in the way companies take space. But the path to the office of the future will not run smoothly, as companies are starting to find out. People are pushing back against innovation as quickly as they are embracing it. Last week Bloomberg reported that management at U.K. banking giant Barclays had faced a flurry of questions when staff discovered tracking devices had been put on their desks to measure occupancy levels.”www.bisnow.com

Your success blesses others. I wish you a great a hugely impactful week!

Ken

 

Bookmarks: 5 Interesting Articles to Help You This Week

August 28th, 2017

Credit: iStock

Credit: iStock

Each week, I select a few articles that rise above the fray and hopefully help you on your journey in the CRE world. They pull from one of four “corners:” corporate real estate, technology, management science and anything positive. I welcome your comments on these articles and the submissions of others (with credit to you if I post them). I wish you a terrific week!

Aging Parents With Lots of Stuff, and Children Who Don’t Want It
“As baby boomers grow older, the volume of unwanted keepsakes and family heirlooms is poised to grow — along with the number of delicate conversations about what to do with them. According to a 2014 United States census report, more than 20 percent of America’s population will be 65 or older by 2030. As these waves of older adults start moving to smaller dwellings, assisted living facilities or retirement homes, they and their kin will have to part with household possessions that the heirs simply don’t want.” www.nytimes.com

Applebee’s is Ditching Millennials After They Forced Hundreds of Restaurant Closures
“Over the past few years, the brand’s set out to reposition or reinvent Applebee’s as a modern bar and grill in overt pursuit of a more youthful and affluent demographic with a more independent or even sophisticated dining mindset, including a clear pendulum swing towards millennials,” John Cywinski, Applebee’s brand president, said in a recent call with investors.

He continued: “In my perspective, this pursuit led to decisions that created confusion among core guests, as Applebee’s intentionally drifted from what I’ll call its ‘Middle America’ roots and its abundant value position. While we certainly hope to extend our reach, we can’t alienate Boomers or Gen-Xers in the process.” www.businessinsider.com

How Big Can Google Get? Its Aggressive Push For Office Space in the Bay Area
For the past six years Google has been expanding bit by bit beyond its Mountain View headquarters. But this year, the tech titan’s plan for a massive new push into San Jose coupled with big land buys in Sunnyvale show just how big Google’s footprint may get.

If everything the tech titan has in the works comes to pass, Google could double its footprint in Silicon Valley, potentially making room for roughly another 31,000 or more employees. www.commercialrealestate.com

Inside GE’s Transformation
“A CEO has different tasks in different cycles. Some CEOs are founders and builders. Others have the luxury of managing momentum through a stable economy or a period when business models aren’t being disrupted. My task was different: remaking a historic and iconic company during an extremely volatile time.

I led a team of 300,000 people for 6,000 days. I led through recessions, bubbles, and geopolitical risk. I saw at least three “black swan” events. New competitors emerged, business models changed, and we ushered in an entirely new way to invest. But we didn’t just persevere; we transformed the company. GE is well positioned to win in the future.

The changes that took in the world from 2001, when I assumed the company’s leadership, to 2017 are too numerous to mention. The task of the CEO has never been as difficult as it is today. In that vein, my story is one of progress versus perfection. The outcomes of my decisions will play out over decades, but we never feared taking big steps to create long-term value.”  www.harvardbiz.com

Why Millennials Have A Complicated Relationship With Travel
“Millennials seem to have found themselves in a tricky spot. The more they follow the axiomatic advice to “stop and smell the roses,” the more frequently they’re accused of malaise. The more they discuss practical solutions to enduring problems, the more they’re labeled as “entitled.”

So it’s not going to help their predicament any to learn that millennials seem to value travel more than previous generations. Cue the accusations of being “discontent” with their work and home lives.

The truth is, both science and common sense drive home the importance of broadening our horizons, which sure makes it seem like millennials know something their elders may not. So let’s dive into the surprisingly nuanced conversation emerging about millennials’ relationship with travel.” www.forbes.com

Your success blesses others. I wish you a great a hugely impactful week!

Ken

 

Bookmarks: 5 Interesting Articles to Help You This Week

August 21st, 2017

Credit: iStock

Credit: iStock

Each week, I select a few articles that rise above the fray and hopefully help you on your journey in the CRE world. They pull from one of four “corners:” corporate real estate, technology, management science and anything positive. I welcome your comments on these articles and the submissions of others (with credit to you if I post them). I wish you a terrific week!

How New Managers Can Send the Right Leadership Signals
“One of the most exciting and — sometimes anxiety-producing transitions in a career — comes when you move from being an individual contributor to becoming a manager. At this juncture, what you think, what you say, and how you show up —in effect, your leadership presence — can have a direct impact on those you are now leading and managing for the first time. So, as a new manager, how do you build an authentic and connected leadership presence that has a positive impact on your team and colleagues?” www.hbr.org

The 40% Rule; Navy Seals Guide to Mental Toughness
“..When your mind is telling you that you are done..you are only 40% done. We had a motto: If it doesn’t suck, we don’t do it.” www.lifehunt.org

How to Manage Someone Who Thinks Everything Is Urgent
“We’ve all been in situations in which we couldn’t wait for a slow-moving or overly cautious employee to take action. But at the other extreme, some employees have such a deep need to get things resolved that they move too quickly, or too intensely, and make a mess. They may make a bad deal just to say they’ve made it, or issue a directive without thinking through the ramifications just to say they’ve handled a problem decisively. www.gensleron.com

Americans More Gung-ho About Economy in August, Consumer Sentiment Survey Shows
Republicans, and to a lesser extent independents, have been the most optimistic in 2017, though Democrats aren’t as gloomy as they had been. The economy continues to pump out thousands of new jobs each month, the unemployment rate is at a 16-year low and Americans are better off financially than they’ve been in years.”  www.marketwatch.com

Why Millennials Have A Complicated Relationship With Travel
“Millennials seem to have found themselves in a tricky spot. The more they follow the axiomatic advice to “stop and smell the roses,” the more frequently they’re accused of malaise. The more they discuss practical solutions to enduring problems, the more they’re labeled as “entitled.”

So it’s not going to help their predicament any to learn that millennials seem to value travel more than previous generations. Cue the accusations of being “discontent” with their work and home lives.

The truth is, both science and common sense drive home the importance of broadening our horizons, which sure makes it seem like millennials know something their elders may not. So let’s dive into the surprisingly nuanced conversation emerging about millennials’ relationship with travel.” www.forbes.com

Your success blesses others. I wish you a great a hugely impactful week!

Ken

 

Bookmarks: 5 Interesting Articles to Help You This Week

August 7th, 2017

Credit: iStock

Credit: iStock

Each week, I select a few articles that rise above the fray and hopefully help you on your journey in the CRE world. They pull from one of four “corners:” corporate real estate, technology, management science and anything positive. I welcome your comments on these articles and the submissions of others (with credit to you if I post them). I wish you a terrific week!

Inside Uber’s New Approach to Employee Performance Reviews
“In the past, it was like, ‘this is what you’re good at, this is what you’re bad at, here’s a score,’ ” Uber Operations and Logistics Manager Nicole Cuellar told me.

Cuellar, one of the 600 employees who participated in Uber’s focus groups on reimagining the performance-review process, described Uber’s T3 B3 process. T3 B3s, which Cuellar referred to as “Travis’s brainchild,” detailed an employee’s top three qualities/strengths and the bottom three things one could improve on.

“It was this very exhaustive process of putting on paper what you’re good at and what you’re not good at and, in particular, in context of our cultural values,” Cuellar said.

Some of Uber’s cultural values entail “Always Be Hustlin,’ ” “Toe-Stepping” and “Let Builders Build.”

“Hustling meant being dependable and working hard,” Cuellar said. “Being an owner, not a renter, meant you took your work seriously and didn’t ask a million questions when executing.” www.techcrunch.com

What You Can Learn From Jeff Bezos About Building For The Future
“I very frequently get the question: ‘What’s going to change in the next 10 years?’ And that is a very interesting question; it’s a very common one. I almost never get the question: ‘What’s not going to change in the next 10 years?’ And I submit to you that that second question is actually the more important of the two — because you can build a business strategy around the things that are stable in time.” – Jeff Bezos, Amazon CEOy.” www.forbes.com

You Are Considered a Consumer, Even at Work
“Design is facilitating the acceleration of an experience-driven world by creating places that bring new people and ideas together. In an era where technology is propelling—and sometimes hurling—us forward, convention is unimpressive. Connecting with people on every level—their values, priorities, emotions and intellect—is necessary as their journeys unfold. www.gensleron.com

The Fabulous Life of Google Cofounder and Alphabet CEO Larry Page
“Larry Page is one of the most powerful people in the world.

The quirky, soft-spoken computer scientist cofounded Google with Sergey Brin in 1998 and now, almost 20 years later, still runs its parent company, Alphabet. So who’s the man behind Google and how did he get to where he is today?

Here’s his story.” www.businessinsider.com

Could A Bus With Sleep Pods Replace Airplanes?
“If you ever have to travel a long distance — say, Washington, D.C., to Atlanta, Detroit to Chicago, San Francisco to Los Angeles — you might be stuck with only bad options: a flight from an airport with chronic delays that’s hard to get to, or an Amtrak train ride that costs three times as much as a flight.

Well, now there’s a new option on the horizon: a double-decker bus with pods for sleeping. It’s called, simply, Cabin. It’s an overnight service — like a red-eye — designed for people who love going places, but hate being in transit.” www.npr.org

Your success blesses others. I wish you a great a hugely impactful week!

Ken

 

Bookmarks: 5 Interesting Articles to Help You This Week

July 24th, 2017

Credit: iStock

Credit: iStock

Each week, I select a few articles that rise above the fray and hopefully help you on your journey in the CRE world. They pull from one of four “corners:” corporate real estate, technology, management science and anything positive. I welcome your comments on these articles and the submissions of others (with credit to you if I post them). I wish you a terrific week!

Architecture Firms End Second Quarter On a Strong Note
For the fifth consecutive month, architecture firms recorded increasing demand for design services as reflected in the June Architecture Billings Index (ABI). As a leading economic indicator of construction activity, the ABI reflects the approximate nine to twelve month lead time between architecture billings and construction spending. The American Institute of Architects (AIA) reported the June ABI score was 54.2, up from a score of 53.0 in the previous month. This score reflects an increase in design services (any score above 50 indicates an increase in billings). The new projects inquiry index was 58.6, down from a reading of 62.4 the previous month, while the new design contracts index decreased from 54.8 to 53.7.

“So far this year, new activity coming into architecture firms has generally exceeded their ability to complete ongoing projects,” said AIA Chief Economist, Kermit Baker, Hon. AIA, PhD. “Now, firms seem to be ramping up enough to manage these growing workloads. www.aia.org

Promising Cities for Commercial Real Estate
Atlanta Number 1! | “Commercial real estate in the U.S. is at a turning point, with primary markets like New York, Los Angeles, and San Francisco showing signs of overheating—that’s according to online marketplace for real-estate investments RealtyMogul.com. As is common in this phase of a real-estate cycle, secondary and tertiary markets across the country are where the new action is, the firm claims. So Barron’s Penta asked its real-estate team to identify the top commercial real-estate markets that high-net-worth investors should be looking at. Here they are, in order of preference.” www.barrons.com

5 Unusual Facts About Google’s Odd (and Wildly Successful) Management Practices
One of the things I truly admire about Google’s management approach is that, like the rest of Google, its HR leaders look at real-world data to engineer the company’s people practices and guide their decisions.

Is it any wonder, as odd and counterintuitive as some of Google’s practices may be to the outside world, it’s been ranked the No. 1 place to work for the eighth time in 11 years?

Laszlo Bock, Google’s former HR boss, has shared extensively in book form and various media outlets about Google’s leadership and people practices. Here are my favorites that stand out…” www.inc.com

Disruptors Target Real Estate
“Real estate is an enticing market for tech companies, but not without challenges to adoption. The industry is replete with complex and antiquated ways of doing things that could be simplified and streamlined by tech. Much of the information in real estate is locked down and unstructured.” www.bizjournals.com

This Email From Elon Musk to Tesla Employees Is a Master Class in Emotional Intelligence
Tesla, the electric-automobile manufacturer led by famed CEO Elon Musk, has struggled mightily with safety over the past few years. California nonprofit Worksafe, a worker safety advocacy group, recently made headlines when it reported that the injury rate at Tesla’s Fremont, California, plant was more than 30 percent higher than the industry average in 2014 and 2015.

Musk insists, however, that safety is the number one priority at Tesla. He claims that recent actions, like the company’s hiring thousands of employees to create a third shift and reduce excess overtime, have made a major impact in lowering the injury rate.

A recent email Musk sent to employees indicates just how seriously he’s taking the issue:” www.inc.com

Your success blesses others. I wish you a great a hugely impactful week!

Ken

 

Bookmarks: 5 Interesting Articles to Help You This Week

July 17th, 2017

Credit: iStock

Credit: iStock

Each week, I select a few articles that rise above the fray and hopefully help you on your journey in the CRE world. They pull from one of four “corners:” corporate real estate, technology, management science and anything positive. I welcome your comments on these articles and the submissions of others (with credit to you if I post them). I wish you a terrific week!

The Coolest, Most Fun And On-Brand Office I’ve Seen Yet: Desigual’s Headquarters In Barcelona
“The nature of my work has enabled me to visit many offices of creative companies around the world.  I’ve never seen one I’d want to work in more than the Desigual fashion brand’s 4-year old beachfront headquarters on the Mediterranean in Barcelona’s Barceloneta neighborhood.  Many aspects of the building are great for motivating teams to want to do their best work. Employees say they feel privileged to work there.  I would too!  Desigual means “unequal” in Spanish: a good descriptor for the asymmetric design that’s the brand’s hallmark.  The brand, through its design sensibility, makes customers feel unique and a little quirky in a good, colorful way that enables them/us (I’m one) to express our own identities.  Wearers of Desigual clothes feel a little more special in them.  I do.  The headquarters captures that unique spirit.  It’s a happy place.. www.forbes.com

This Will Help You Decide If You Should Delete LinkedIn Connections You Don’t Know
“Maybe you ended up in this situation because it was a strategic move, you wanted to be more closely connected to recruiters or people at your dream company. Or maybe you think the whole point is to build out your network with new people. Maybe someone had a ton of mutual contacts, wrote you a personalized note or just had a really cool job title.

The list goes on, but the point is: You’re probably connected to quite a few strangers on LinkedIn. And more often than not, you probably wonder: Does it make more sense to stay connected or delete them?” www.forbes.com

11 Places you Should Never Use a Debit Card
A lot of people stick with a debit card as a way to control their spending and avoid racking up big credit card debt — since with debit, you can’t spend what you don’t have. And in the aftermath of the Great Recession, that strategy became a very popular one as many people had to rethink their spending routine.

When you only use a debit card, it forces you to limit your spending to however much is sitting in your checking account.

But debit cards are full of hidden dangers — and these dangers are often the same aspects that make them an appealing alternative to credit cards — like only being able to spend what’s in your account.” www.ajc.com

Thomas Jefferson And Three Keys To Persuasion
Thomas Jefferson would have been comfortable on Twitter. He would have been really good at writing short, provocative tweets that make people think differently.

Thomas Jefferson’s Declaration of Independence is the most persuasive document in American history. Its creation contains valuable lessons for any leader who wants to sell ideas more effectively.” www.forbes.com

 

This Email From Elon Musk to Tesla Employees Is a Master Class in Emotional Intelligence
Tesla, the electric-automobile manufacturer led by famed CEO Elon Musk, has struggled mightily with safety over the past few years. California nonprofit Worksafe, a worker safety advocacy group, recently made headlines when it reported that the injury rate at Tesla’s Fremont, California, plant was more than 30 percent higher than the industry average in 2014 and 2015.

Musk insists, however, that safety is the number one priority at Tesla. He claims that recent actions, like the company’s hiring thousands of employees to create a third shift and reduce excess overtime, have made a major impact in lowering the injury rate.

A recent email Musk sent to employees indicates just how seriously he’s taking the issue:” www.inc.com

Your success blesses others. I wish you a great a hugely impactful week!

Ken

 

Bookmarks: 5 Interesting Articles to Help You This Week

July 10th, 2017

Credit: iStock

Credit: iStock

Each week, I select a few articles that rise above the fray and hopefully help you on your journey in the CRE world. They pull from one of four “corners:” corporate real estate, technology, management science and anything positive. I welcome your comments on these articles and the submissions of others (with credit to you if I post them). I wish you a terrific week!

Duke Long’s 2017 List of 150 Commercial Real Estate People You Must Connect With On LinkedIn
Honored to be on Duke’s list! www.dukelong.com

Why Company Leaders Need To Distribute Their Own Content
“Imagine receiving a birthday card from your mom. It’s written in third person — and not as a joke. “Mary wishes you a wonderful day. She wants you to celebrate the day of your birth.” It’s signed in one of those faux handwriting fonts that don’t fool anyone into believing you actually signed it yourself. With resignation, you tell yourself that at least it isn’t Comic Sans.

It feels weird, impersonal, and cold.

Now, transfer your reaction to this imaginary touchpoint between you and your mom to the actual touchpoints between your brand and your audience. Your audience hears tons about your organization from top to bottom, all thanks to the hard work your marketing team puts into your content distribution strategy.

But if your audience never hears from you as a leader; you’re just a nameless, faceless founder barricaded behind a frosted glass door. That impersonal image won’t help you build better relationships, knock down trust barriers, or become a leader in your industry.” www.forbes.com

Motivating Employees Is Not About Carrots or Sticks
“The bottom line is: Don’t rely on outdated methods and tricks to motivate employees. Talk with your team about the relevance of the work they do every day. Be proactive in identifying and solving problems for your employees. Recognize employee contributions in specific, meaningful ways on a regular basis. Connect with your own motivation, and share it freely with your team. Put away the carrots and sticks and have meaningful conversations instead. You’ll be well on your way to leading a highly motivated team..” www.hbr.org

Apple’s Architect Says the Future of Offices Must Be Flexible
“Ultimately, the most enduring workplaces will take into account the deep-rooted desires of the people who spend time there. They’ll prioritize smart paths of circulation to help people connect with one another. Instead of sequestering employees into glass boxes, they’ll encourage them to connect with nature. To be truly competitive, architects and companies have to think beyond productivity. “From the very beginning, I’ve protested the idea that an office headquarters, whether it’s mega or micro, is only about work,” Foster said. “It’s about lifestyle.” www.wired.com

The Beauty of Amazon’s 6-Pager
How great would it be not to be constantly interrupted by clarifying questions?  How great would it be not to have the decisions in the meeting based on the social networking advocacy that happened before the meeting?  How great would it be if executives deeply understood your organization from your perspective before asserting they know better how to do it?  How great would it be to be able to review the core data going into a decision rather than have someone summarize it and assert that correlation is causality without revealing their work?

This is what meetings are like at Amazon and it is magical. ” www.linkedin.com

Your success blesses others. I wish you a great a hugely impactful week!

Ken

 

Bookmarks: 5 Interesting Articles to Help You This Week

June 25th, 2017

Credit: iStock

Credit: iStock

Each week, I select a few articles that rise above the fray and hopefully help you on your journey in the CRE world. They pull from one of four “corners:” corporate real estate, technology, management science and anything positive. I welcome your comments on these articles and the submissions of others (with credit to you if I post them). I wish you a terrific week!

A New Life for Dead Malls
In case you haven’t heard, suburban malls are on the way out (sorry Paul Blart). Some have become abandoned wastelands. Others have been torn down and turned into industrial sites.

According to Ellen Dunham-Jones, an architect and professor at Georgia Tech, there are about 1,200 enclosed malls in the United States, and about one-third of them are dead or dying. That’s because developers rapidly overbuilt malls in the 20th century, she said: The U.S. has twice as much square footage in shopping centers per capita than the rest of the world, and six times as much as countries in Europe.

“The malls died for a reason,” she told me. “We were way over-retailed.”

But there is good news: In many areas of the country developers are finding new uses for dead malls…. www.theatlantic.com

Amazon, Whole Foods, and the Future of the (Old) New Economy
“I heard the news today, oh boy — Amazon is buying Whole Foods Market in a deal worth nearly $14 billion. The combination of these iconic companies, both of which have come of age in the last two decades, raises obvious questions. Does the transaction reflect how hard it’s been for Whole Foods to keep Wall Street satisfied with its growth and profits? (It does.) Does the deal underscore just how expansive a vision Jeff Bezos has for Amazon, his dream of it becoming the “everything store”? (No doubt.)

To me, though, the much more profound question, both substantively and symbolically, is what the deal says about the future of an approach to business, branding, and organizational culture that Whole Foods and Amazon have come to represent.” www.hbr.org

Disregard Your Financials, Cash Is All That Matters
“The only thing that matters when determining the success of your business is cash, cash, cash, more cash, and when you think you’ve got enough, more cash. I challenge you to shut down your line of credit, and don’t use it for 90 days. See how well you do. If you are cash-stressed, then it really boils down to bad management, no real profits and nothing else.” www.forbes.com

What to Delete When Your Phone Runs Out of Storage Space
“If you’re like most people and use your smartphone for pretty much everything in your life — from taking photos to managing your finances — then you’re probably familiar with that frustrating alert warning you there’s “not enough storage” to download or do anything else until you free up some space.

Seriously, it’s the WORST!

But the good news is that there are a few easy tips and tricks to prevent that stressful alert from constantly ruining your day.” www.clark.com

Robocalls Flooding Your Cellphone? Here’s How to Stop Them
In a Robocall Strike Force Report in October, the Federal Communications Commission said telemarketing calls were the No. 1 consumer complaint.

Citing statistics from YouMail, a developer of robocall-blocking software, the commission said consumers received an estimated 2.4 billion robocalls per month last year, driven in part by internet-powered phone systems that have made it cheap and easy to make them from anywhere in the world.

Alex Quilici, chief executive of YouMail, said his company estimated that 2.3 billion calls were made in December 2016, up from 1.5 billion in December 2015.

“If the robocalls were not valuable to the scammers, they wouldn’t be doing them,” Mr. Kalember said.

Here’s how you can fight them:” www.nytimes.com

Your success blesses others. I wish you a great a hugely impactful week!

Ken

 

Bookmarks: 5 Interesting Articles to Help You This Week

June 19th, 2017

Credit: iStock

Credit: iStock

Each week, I select a few articles that rise above the fray and hopefully help you on your journey in the CRE world. They pull from one of four “corners:” corporate real estate, technology, management science and anything positive. I welcome your comments on these articles and the submissions of others (with credit to you if I post them). I wish you a terrific week!

Amazon, Whole Foods, and the Future of the (Old) New Economy
“I heard the news today, oh boy — Amazon is buying Whole Foods Market in a deal worth nearly $14 billion. The combination of these iconic companies, both of which have come of age in the last two decades, raises obvious questions. Does the transaction reflect how hard it’s been for Whole Foods to keep Wall Street satisfied with its growth and profits? (It does.) Does the deal underscore just how expansive a vision Jeff Bezos has for Amazon, his dream of it becoming the “everything store”? (No doubt.). www.hbr.com

10 years later, Zell explains the perfect timing of his Equity Office sale
“In his new memoir, “Am I Being Too Subtle?,” the anything-but-subtle maverick, now 75, confesses: He sold Equity Office Properties in 2007 because Blackstone Group simply made an offer he couldn’t refuse. The $39 billion bid was 25 percent above the public REIT’s market cap and nearly double the firm’s year-earlier value.

“To this day, people credit me with calling the top of the market when I sold Equity Office,” he writes. “The reality is, I wasn’t trying to. While the market was frothy, I wasn’t selling to get out of the office market. I had simply received a Godfather offer.” www.chicagobusiness.com

Pivoting Brands: The “Tech” Label and Why Space Still Matters
As Jeff Bezos once said, “Your brand is what people say about you when you’re not in the room,” and from the outside looking in I would argue that consumers see finance as finance and tech as tech.

Since these companies are self-selecting a label other than what most would describe them by, it creates a gap in understanding and ability for consumers to speak as true advocates of the products and services that these companies deliver on. There is a misalignment between how these organizations view themselves internally versus how their consumer base would articulate what they do. Organizations rely on their mission and value proposition to communicate their business focus, so why are these organizations making this shift and how can they help consumers understand what they are really selling?” www.gensleron.com

How Amazon Just Changed The $800 Billion Supermarket World
“The greatest innovation in the history of grocery was of course mocked by the industry back in 1916. Clarence Saunders opened a store with a silly name that let customers walk the aisles and pick out the products for themselves. The day before grocery shopping was done by an attendant who picked out your products as the customer waited patiently at the counter. Very little of what that first Piggly Wiggly customer experienced 101 years ago has changed.  Until ecommerce came along and rocked the core of the supermarket revenue model. It shifted the labor cost back to the store. Turning back the clock, the chain must employ labor to pick products off the shelf instead of the customer doing the work for them. Those dollars are more significant in grocery versus fashion or electronics because the average customer buys 12-20 products that are low margin and heavy.” www.forbes.com

How To Get Toxic People Out Of Your Life
Old friends can suck your mojo away, and so can family members. You might think “I am stuck with my family members!” but you have more control over your interactions with relatives than you might think.

You can put off get-togethers with people who suck your energy away, no matter how long you’ve known them or how you and they are related. You owe it to yourself to create appropriate boundaries, even with people you’ve known your whole life.www.forbes.com

Your success blesses others. I wish you a great a hugely impactful week!

Ken

 

Bookmarks: 5 Interesting Articles to Help You This Week

June 12th, 2017

Credit: iStock

Credit: iStock

Each week, I select a few articles that rise above the fray and hopefully help you on your journey in the CRE world. They pull from one of four “corners:” corporate real estate, technology, management science and anything positive. I welcome your comments on these articles and the submissions of others (with credit to you if I post them). I wish you a terrific week!

Best Answer to “Sell Me This Pen” I Have Ever Seen
At first, I didn’t realize why it mattered. It just seemed like a silly question. But, you’ll see. When you become good at answering this question, you actually become one hell of a salesperson. And that’s why people still ask it in interviews. It shows your creative approach and how good you are at actually selling product (not just reading your resume).

There are exactly four sales skills the interviewer is looking to see when you answer... www.linkedin.com

CEOs Want Their Offices Back
(WSJ.com paywall)
“The lofty building Jordan Hamad moved his tech-advisory firm into four years ago had the trappings of a startup idyll: open floor plan, polished concrete floors, custom-built communal tables.

Soon, the 33-year-old founder of Chairseven says he craved something else: walls and a door.” www.wsj.com

How to Protect Yourself From Ransomware Attack
The most disheartening revelation from the cyberattack was that there was a fix available for the ransomware before the attack. Microsoft, which makes Windows, released a patch for the WannaCry vulnerability eight weeks ago, said Chris Wysopal, the chief technology officer of Veracode, an application security company.” www.nytimes.com

Amazon No. 2 on LinkedIn’s Top Companies list — see where else ‘the world wants to work now
“I believe the biggest reason that the best talent in the world wants to work and stay at Amazon is our unique culture of innovation and customer obsession,” said Beth Galetti, SVP of human resources at Amazon. “Thank you to our hundreds of thousands of employees who bring this culture to life and make sure every day at Amazon is Day 1.” www.geekwire.com

IBM Tells Remote Employees to get Back to the Office
“IBM, one of the technology-sector giants that pioneered the concept of allowing its employees to work from home, is pulling the plug on its remote-working policy in an effort to create a more collaborative environment for it’s approximately 380,000 workers around the world.” www.wsj.com

Your success blesses others. I wish you a great a hugely impactful week!

Ken

 

© Ken Ashley 2016