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The effects of acquisitions on the stock performance of a fashion firm can be both positive and negative. The overall effect of acquisitions on the stock performance of a fashion firm depends on several key factors, including the strategic fit of the acquisition, the financial health of the acquiring firm, operational synergies, market conditions, integration, and reputation.What Is a Fashion Company’s Stock Acquisition?
Acquisitions refer to the process of one company acquiring or merging with another. In the context of the fashion industry, acquisitions can have a significant impact on the stock performance of a fashion firm. A successful acquisition can bring in new products, technologies, and revenue streams that can boost the firm’s growth and profitability, leading to an improvement in stock performance. On the other hand, unsuccessful acquisitions can lead to significant financial losses, operational difficulties, and a decline in the firm’s reputation, leading to a negative impact on stock performance.How it Happens
The process of an acquisition in the fashion industry typically involves the following steps
Identifying a target − The acquiring fashion firm identifies a target company that it wishes to acquire, typically one with complementary products, technologies, or markets.
Negotiating the deal − The acquiring firm negotiates the terms of the acquisition with the target company, including the purchase price, financing arrangements, and other terms and conditions.
Due diligence − The acquiring firm performs due diligence to assess the financial, operational, and legal status of the target company and to identify any potential risks or challenges associated with the acquisition.
Closing the deal − Once the negotiations are complete and all conditions are met, the acquiring firm and the target company sign the acquisition agreement, and the deal is closed.
Integrating the target − After the deal is closed, the acquiring firm works to integrate the target company and its operations into its own business, typically involving process and systems integration, cultural integration, and workforce integration.
Monitoring performance − The acquiring firm continually monitors the performance of the acquired company and makes adjustments as necessary to ensure its success and maximize its contribution to the stock performance of the acquiring firm.
Overall, the process of an acquisition in the fashion industry can be complex and involve significant risks and challenges, but it can also provide a path for growth and improved stock performance for the acquiring fashion firm.Factors On Which the Effect of Acquisitions on A Fashion Firm’s Stock Performance Depends
The effect of acquisitions on a fashion firm’s stock performance depends on several key factors, including
Strategic Fit − The acquisition should align with the acquiring firm’s overall strategy and complement its existing product offerings, market position, and distribution channels.
Financial Health − The acquiring firm should have the financial resources and stability to support the acquisition, including the ability to pay for the acquisition and integrate the acquired company effectively.
Operational Synergies − The acquisition should result in cost savings and improved efficiency through the sharing of resources, the elimination of duplicate processes, and the consolidation of operations.
Market Conditions − The broader economic and market conditions can impact the stock performance of a fashion firm, including interest rates, consumer spending, and industry trends.
Integration − The acquiring firm must effectively integrate the acquired company and its operations, including the transfer of employees, products, and systems, to ensure a successful outcome.
Reputation − The acquiring firm must maintain a strong reputation and brand image, as negative publicity or mismanagement of the acquisition can have a negative impact on stock performance.
Overall, the effect of acquisitions on a fashion firm’s stock performance will depend on the ability of the acquiring firm to effectively manage the acquisition and integrate the acquired company in a way that delivers strategic and financial benefits.Positive Effects of Acquisitions on the Stock Performance of a Fashion Firm
Positive effects of acquisitions on the stock performance of a fashion firm can include
Increased Revenues − Acquisitions can bring in new products, technologies, and revenue streams that can boost the firm’s growth and profitability.
Market Expansion − Acquisitions can help a fashion firm expand into new markets, reach new customers, and increase its market share.
Cost Savings − Acquisitions can result in cost savings and improved efficiency through the sharing of resources, the elimination of duplicate processes, and the consolidation of operations.
Diversification − Acquisitions can diversify the firm’s product offerings, reduce dependence on a single product or market, and mitigate the impact of economic or market disruptions.
Improved Competitiveness − Acquisitions can enhance the firm’s competitiveness by acquiring new technologies, expertise, and talented employees.
Increased Market Presenc − Acquiring a well-established brand or company can help a fashion firm increase its visibility, reputation, and market presence.
Overall, successful acquisitions can bring strategic and financial benefits that can drive growth and improve the stock performance of a fashion firm.Negative Effects of Acquisitions on The Stock Performance of a Fashion Firm
The negative effects of acquisitions on the stock performance of a fashion firm can include the following
Financial Losses − Acquisitions can result in significant financial losses if the acquiring firm overpays for the acquisition, experiences operational difficulties, or fails to integrate the acquired company effectively.
Integration Challenges − Integrating the acquired company and its operations can be challenging and time-consuming, requiring significant resources and attention.
Reputation Damage − Negative publicity or mismanagement of the acquisition can damage the reputation and brand image of the acquiring firm, leading to a decline in stock performance.
Reduced Flexibility − Acquisitions can reduce the flexibility and agility of the acquiring firm, limiting its ability to respond to changes in market conditions or customer preferences.
Market Rejection − The market may reject the acquisition if it does not align with customer preferences or industry trends, leading to a decline in sales and stock performance.
Overall, unsuccessful acquisitions can have significant negative impacts on a fashion firm’s financial performance, reputation, and operational efficiency, leading to a decline in stock performance.Conclusion
In conclusion, acquisitions can have a significant impact on the stock performance of a fashion firm in the industry. A successful acquisition can bring in new products, technologies, revenue streams, and market expansion opportunities, which can improve the stock performance of the acquiring firm. On the other hand, unsuccessful acquisitions can result in significant financial losses, integration challenges, reputation damage, and a decline in stock performance.
The process of an acquisition in the fashion industry can be complex, and the success of the acquisition depends on several key factors, including the strategic fit of the acquisition, the financial health of the acquiring firm, operational synergies, market conditions, integration, and reputation.
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On June 21, Search Engine Journal’s Philippine team had the privilege of attending a one day marketing conference called SEO Summit 2014. I interviewed one of the hosts, Sean Si, about his company SEO Hacker and its humble beginnings.You mentioned at SEO Summit that your company, SEO Hacker, started out as a one-man team before becoming one of the leading SEO companies in the Philippines. Can you share a brief history of your company’s journey?
Yeah, sure! I started providing SEO services as a side job in January of 2010–one month before I graduated from college. I studied IT but I was a really bad student because I didn’t like the course to start with. It was fun for me because I love writing and I got to work from home.
Things started to roll November of that year. Clients grew and I was looking to register SEO Hacker as a legal business, which I did April 2011. I met some people along the way, such as Jason Acidre, who I hired to work remotely for me. He did some link building during that time for my clients. I also hired an editor who worked remotely to manage my outsourced writers.
I worked solo until I figured I couldn’t do it alone anymore. Clients were growing, I couldn’t see myself working with remote people because I didn’t know better during the time.
So I hired my first two in-house guys November 2011 to help me out and rented a small 30 sqm. office where we could stay, brainstorm, train and work. It was a very exciting time for me. I’ve always imagined handling my own team.
Today we’ve grown to an in-house team of more than 20 people and counting. Some of us work remotely (including myself) because we have systems in place that allow us to be efficient and productive even when we’re working from home or anywhere else.What tips could you share about hiring an SEO team, especially for start-up businesses?
To make my answer more complete, I want to take an excerpt about hiring from my book (to be published in hard and soft copy this August) since I wrote it out there anyway.
“Hiring people is perhaps one of the most difficult and critical things in starting up a company. You don’t simply hire people to relieve your team of pressure. That would be stupid. No, you hire the right people. Why?
Because the right people are self-motivated, driven, and love working with the same kind of people. The right people hate working with the wrong people. You don’t want to dilute your team with the wrong people. This is perhaps one of the most perplexing questions I’ve ever asked myself when I was starting out: “How do I know if I’m hiring the right people?”
As our clients grew, so did our need for people to help us do the job. My hiring strategy started out as posts in Facebook. I had more than 2,500 friends there and they would refer people they knew to SEO Hacker. Which is completely fine–at least it came from a connection somewhere–until we’ve exhausted that strategy. And we didn’t exhaust just my Facebook, we exhausted all my current team’s Facebook connections.
So we got all the people we could from Facebook connections and referrals. There were some who I had to lay off. There were some who just suddenly up and left and never came back. There were some who politely said their goodbye. In all, we’ve had some people come and go in our early years.
Of course, as the founder of the company and the main leader, it breaks my heart to see good people leave–in whichever way. We spent time together, had fun, learned a lot, but now had to part ways. That’s just how it is in business. You can’t really stop people from leaving. But you don’t have to wait until people tell you they’re leaving to do something.
So we finally consented to getting job ad packages from job websites like Jobstreet in hopes of getting the right people. We have hiring processes and strategies in place. But how do you know if the person is the right fit?
Three things: Character, Commitment and Skill.
Character is something you can never trade nor largely develop. It is something that has been mostly intact within a person since the day they became conscious of their personality and environment. It’s heavily difficult to affect character in terms of work ethics, camaraderie, integrity, and overall values. I place a heavy weight on a person’s character. Someone who I think does not have the right character for the job will not make it to the team. That person may well just affect the team chemistry negatively.
Commitment deals with a person’s drive and loyalty to the company. How far do you think this person will run for you when push comes to shove? How long will he or she stay and help build your company’s dream and vision? Yes, long-term commitment is rewarded but it is first sought in the hiring process. I continually ask applicants “How do you see yourself with SEO Hacker five years from now?” I’ll have a good idea of their level of commitment from their answer right there.
Skill is one of the last attributes of a person I weigh in the hiring process. That’s because skill can be taught much easier than character. It can be affected and improved by processes, environment, and tools. However, a person with little to no skill to start with has no place in SEO Hacker. We are a team that is looking to help us build a great, lasting company, not someone who will slow us down. We don’t spoon feed anything in our team. In fact, we make sure that every new hire hits the ground running–with shoes, of course.
One of the most effective ways to ensure low churn rate in your team is to sell them a dream. A vision. Something that you know you’re honestly headed to. Something that you’re trying to attain, even now, with little goals every day. I sell my people a dream. And not just any dream. A dream that will come true–and I myself will die trying to reach it.
One of the things I love to tell my people is that we’re going to have our own campus someday. A place where we’ll have our own sports complex, our own dormitory, research and development lab, support center, and so on and so forth. This is something that may be quite far from where we are today–but it is something that I’m definitely shooting for as the owner and founder. And since we’re growing, it’s looking truer and truer each day.
One step at a time.”The year 2014 marks the 20th anniversary of the Philippines’ first connection to the Internet. In your opinion, how much has the local SEO scene changed over the past years?
Internet usage has definitely changed in the Philippines. A whole lot of people are using the Internet. Mobile data has also changed the way we live our lives. We can now use the web even when we’re away from home, and it just makes more sense for us to use SEO to make our local search results better.I noticed on your website that you’re writing your first book. Can you share something about it?
Sure! It’s a book about how I started up SEO Hacker–all the risks, challenges, failures, and successes I’ve been through. It’s a book that’s meant to talk to people who are trying to start things up no matter where they are in life. The book deals with all things startup; from hiring, managing people, leading from the front, dealing with risk and the ‘lows’ of business, and so on and so forth. I found I really enjoyed writing about how to start-up a business when I started my “secret” personal blog.
The votes on my Qeryz microsurvey tool tell me that people prefer the title “CEO at 22: The Risks, Challenges, Failures, and Success of Starting Up Young.” I prefer that title, too so it’s probably what my book’s title going to be.
Hopefully it’ll be published this August. I’m finishing the secondary editing, I’ll bounce it to another editor and then I’ll be the final editor. The layout and cover design will be done next week. After that, it’s just a matter of costing and paper picking with the printer and we’re good to go. Soft copies will be out sooner though and will be colored, so I think it’s better to get the soft copy. It’ll be on my website’s sidebar when it’s available for purchase.Being part of the SEO industry for years now, what would you consider as your biggest accomplishment to date?
I would consider my biggest accomplishment to be providing jobs for my team. I think that being an entrepreneur, it’s one of the best things we do to give people jobs. And not just any job, but a job that they love.
All other accomplishments pale in comparison to that. Whenever I see my team happy and enjoying their work and their environment, it makes me really glad.Bonus Question: I see on your Google+ account that you have a sweet tooth. What is, by far, the best dessert you’ve ever tried?
I’ll give the Belgian chocolate cheesecake at Afters Cafe along Tomas Morato the crown on that one. It’s really the best dessert I’ve tasted thus far.
Featured Image: docstockmedia via Shutterstock
Jones was born in Spanish Town, Jamaica, and began her career as a model before transitioning to music and acting. She is known as the “Enduring Queen of Disco Club Fashion.” She has released multiple albums and has appeared in films such as A View to a Kill and Boomerang. Jones continues to perform and inspire artists to this day. Grace Jones is considered a fashion icon for her bold and distinctive style. She is known for her androgynous appearance and her use of powerful, masculine clothing and hairstyles. Jones often wears sharp suits and bold, graphic patterns and is known for her striking, sculptural hairstyles, often styled in a high, flat-top shape.
Jones’s style is also notable for its use of body-conscious clothing and revealing, skin-baring designs, which she often wears with confidence and power. Her style is often characterised as avant-garde and experimental, and she is credited with pushing the boundaries of fashion and gender norms. She has also been a muse for many fashion designers, photographers, and stylists. Jones continues to inspire fashion designers and artists, and her influence can be seen in the work of many contemporary designers.Personal Life
Grace Jones was born on May 19, 1948 in Spanish Town, Jamaica. Jones began her career as a model in New York City in the 1970s before transitioning to music. She released her debut album, “Portfolio,” in 1977, which featured the hit song “La Vie en Rose”. She went on to release several other successful albums throughout the 1980s, including “Nightclubbing” and “Slave to the Rhythm”.
Grace Jones was born on May 19, 1948 in Spanish Town, Jamaica. Jones began her career as a model in New York City in the 1970s before transitioning to music. She released her debut album, “Portfolio,” in 1977, which featured the hit song “La Vie en Rose”. She went on to release several other successful albums throughout the 1980s, including “Nightclubbing” and “Slave to the Rhythm”.What Exactly Is Jamaican Culture?
Jamaican culture is a fusion of African, European, and indigenous influences, shaped by the island’s history as a colony and its position as a major port in the Caribbean. The culture is known for its rich music, dance, and art, as well as its unique religious traditions, cuisine, and language. Jamaican culture is a unique blend of many different cultural influences, shaped by the island’s history and diverse population, resulting in a vibrant and colourful culture that is known for its music, dance, art, religion, cuisine, language, and sports.Why Grace Jones Is Known as the “Enduring Queen of Disco Club Fashion”
Grace Jones is known as the “Enduring Queen of Disco Club Fashion” for several reasons.
Her unique and androgynous style − Jones’ style is characterised by her distinctive androgynous appearance and powerful stage presence. Her use of sharp, angular features, bold hairstyles, and androgynous clothing, including suits, tuxedos, and body-conscious clothing, helped her stand out in the disco scene, where the typical fashion was more feminine and flamboyant.
Her bold, graphic designs and patterns − Jones is known for her use of bold, graphic designs and patterns, which were a signature element of disco fashion. Her use of bright colours, bold prints, and oversized pieces helped her stand out in the disco scene and added to her iconic look.
Her dynamic and theatrical performances − Jones is known for her dynamic and theatrical performances, which often featured elaborate costumes and choreography. Her performances were a visual spectacle, and her stage presence was captivating.
Her influence on fashion and music − Jones’ unique style and powerful stage presence had a significant influence on both fashion and music. Her influence can be seen in the work of many contemporary designers, and her music continues to inspire artists.
Her long-lasting career − Jones’ career has spanned decades, and she continues to inspire and influence fashion and music. She is considered an enduring icon, and her style continues to be relevant to current fashion trends.
All these factors combined helped Jones establish herself as the “Enduring Queen of Disco Club Fashion” and continue to be an inspiration for many.Grace Jones’ Signature Look
Grace Jones is known for her distinctive, androgynous look and powerful stage presence. Some of her signature elements include
Sharp, angular features − Jones’ striking facial features, including her high cheekbones, sharp jawline, and striking eyes, are a key part of her iconic look.
Androgynous clothing − Jones often wears clothing that is traditionally associated with men, such as suits and tuxedos, but with a feminine twist. She is known for her use of body-conscious clothing, often featuring bold patterns and graphic designs.
Exaggerated makeup − Jones often wears heavy, exaggerated makeup, with bold eyeliner, bright lipstick, and dramatic contouring.
Confidence and power − Jones’ stage presence and persona are characterised by confidence and power, and she often performs in a dynamic and theatrical manner.
These are some of her signature elements, but Jones’s style is also known for being ever-changing and pushing boundaries, so it’s important to note that she has experimented with different looks over the years.How to Dress Like Grace Jones
Here are a few tips on how to emulate Grace Jones’ signature style
Experiment with androgynous clothing − Jones often wears clothing that is traditionally associated with men, such as suits and tuxedos, but with a feminine twist. You can try pairing a tailored blazer with a pair of wide-legged trousers or a jumpsuit.
Invest in statement pieces − Jones’ style is often characterised by bold, graphic designs and patterns. Invest in statement pieces such as a brightly coloured suit, a graphic print blouse, or a pair of bold, colourful pants.
Play with proportions − Jones’ style is often characterised by exaggerated, oversized pieces and a focus on silhouette. Experiment with different proportions, such as pairing a long, flowing top with a pair of tight, fitted pants or a voluminous top with a slim-fit skirt.
Experiment with hairstyles − Jones is known for her sculptural, high-top hairstyles, often styled in a flat, geometric shape. You can try different hairstyles, such as sculptural braids or high top-knots, or go for a bold haircut, like a buzz cut or a shaved head.Conclusion
In conclusion, Grace Jones is known for her unique and androgynous style, bold and graphic designs, dynamic and theatrical performances, and her lasting influence on fashion and music. Her use of sharp, angular features, bold hairstyles, and androgynous clothing helped her stand out in the disco scene. Her use of bright colours, bold prints, and oversized pieces added to her iconic look. Her dynamic and theatrical performances, with elaborate costumes and choreography, captivated audiences, and her stage presence was mesmerizing. Her long-lasting career, which has spanned decades, has also helped solidify her status as an enduring icon in the fashion and music industries.
Mossimo Giannulli was born for easy pronunciation, Massimo Giannulli has changed his name to Mossimo Giannulli. He is an American fashion designer who created his own company, Mossimo, and made his name in the American fashion industry. On March 12, 2023, Mossimo Giannulli and his wife, Lori Loughlin, were charged, arrested, and imprisoned for five months for their alleged involvement in a college bribery scandal. His brand, Mossimo, gained its name very quickly. Mossimo Giannulli founded Mossimo in 1986 on Balboa Island in Newport Beach, California. Mossimo was very popular at that time with its affordable and stylish clothing. The company earned a turnover of $1 million in its initial year but earned $4 million for the next year.Biography
Mossimo Giannulli was born in Los Angeles into an unknown but loving family. His parents were very caring and loving His father, Gene Giannulli, was an architect, and his mother, Nancy Giannulli, was a housewife. He was brought up in Encino, California. After high school education, Mossimo Giannulli studied business and architecture at the University of Southern California. He was there for three years but did not complete the course. Mossimo Giannulli married actress Lori Loughlin in 1997 in Newport Beach, California, after eloping with her at a Thanksgiving party. Loughlin was previously married to Michael R. Burns, and Mossimo Giannulli had a son from his girlfriend. Mossimo Giannulli and Lori Loughlin have two daughters together.Works and Brand of Mossimo Giannulli
In 1986, Mossimo Giannulli opened his mid-range American clothing house, Mossimo, on Balboa Island in Newport Beach, California. It is mid-range because the garment was fashionable and affordable for all Mossimo Giannulli created clothing for young and teen stars. They liked his fashion more than others. His company initially made clothing like designer jackets, shirts, jeans, socks, underwear, and accessories. After the huge popularity in 1991, Mossimo Giannulli wanted to explore more of his business, so he also added clothing like sweatshirts, knits, sweaters, etc. His collections were more explored by 1995, when he added men’s tailored suits and women’s clothing. After eight years, Mossimo, Inc. became a multimillion-dollar company with lifestyle clothing, accessories for all and sportswear for all. In 2006, Mossimo was obtained by Iconix Brand Group after some ups and downs in shares. At the moment, the brand has nearly seventeen thousand stores throughout the United States, as well as six hundred stores and international franchises in the United Kingdom, Australia, India, South America, the Philippines, and other countries.Mossimo Giannulli: Controversy and Scandal
Mossimo Giannulli also had some controversial matters involving a college bribery scandal and a money laundering case. The couple were arrested and fined for alleged involvement in a college bribery scandal, which was a nationwide college entrance exam cheating scandal, for their two daughters’ admission to the University of Southern California. The scandal was expanded to include the US’s top university and was very controversial.
At first, Mossimo Giannulli and Lori Loughlin were charged with committing mail fraud and also service fraud, but they were denied. When found guilty, they were sentenced to imprisonment. Punishments were for both the husband and wife. Mossimo Giannulli was sentenced to five months and Lori Loughlin was sentenced to two months in prison. On November 19, 2023, Mossimo Giannulli entered the medium-security federal penitentiary in Lompoc, California, for his five-month jail sentence, on 19 November chúng tôi husband-and-wife duo had less punishment with $1 million bail each and also a fine of $250,000 and $500,000. The effects of crime can be seen all over the US’s college entrance exams.Conclusion
Mossimo Giannulli lived and grew up in the USA and has some Italian ancestry. He made his name and fame through his hard work and dedication to his goals. He is a sweet family man. He is a loving and devoted husband to his actress wife, Lori Loughlin, and a caring father of three children. Thus, here, in this write-up, his life and life’s ups and downs are very briefly described.
Probing Soda Company Sponsorship of Health Groups Study: “organizations may become unwitting partners in a corporate marketing strategy”
Soda companies sponsored at least 96 national health organizations from 2011 to 2024, possibly impeding efforts to combat obesity.
The nation’s two largest soda companies sponsored at least 96 national health organizations from 2011 to 2024, dampening the health groups’ support of legislation to reduce soda consumption and impeding efforts to combat the obesity epidemic, Boston University School of Medicine (MED) and Public Health (SPH) researchers say in a new study.
In addition, in the same five-year period, the Coca-Cola Company and PepsiCo lobbied against at least 28 public health bills intended to reduce soda consumption or improve nutrition, according to the study in the American Journal of Preventive Medicine.
The companies “used relationships with health organizations to develop positive associations for their brands,” says lead author Daniel Aaron, a medical student at MED who co-wrote the study with Michael Siegel, an SPH professor of community health sciences.
“The soda companies can neutralize potential legislative opposition by invoking reciprocity and financial dependence from national health organizations,” Aaron says. “Rather than supporting public health, organizations may become unwitting partners in a corporate marketing strategy that undermines public health.”
Aaron and Siegel researched sponsorships and lobbying efforts by the two soda companies to come up with a list of 96 national health organizations that accepted money from the companies. Twelve organizations accepted money from both companies; one accepted money from just PepsiCo; and 83 accepted money from only Coca-Cola. The authors note that the count could be skewed because Coca-Cola publishes a list of its recipient organizations, while PepsiCo doesn’t.
The sponsorship totals include two diabetes organizations—the American Diabetes Association and the Juvenile Diabetes Research Foundation—a finding that the authors call “surprising, given the established link between diabetes and soda consumption.”
Between 2011 and 2014, the Coca-Cola Company spent more than $6 million annually, on average, on lobbying, while PepsiCo spent more than $3 million a year, and the American Beverage Association spent more than $1 million a year, according to the study.
Aaron and Siegel compare the ties between soda companies and health groups to corporate sponsorships of tobacco and alcohol companies.
“Previous studies of alcohol company sponsorship and tobacco sponsorship suggest that corporate philanthropy is a marketing tool that can be used to silence health organizations that might otherwise lobby and support public health measures against these industries,” Siegel says. For example, Save the Children, a group that supported soda taxes, dropped the effort in 2010 after receiving more than $5 million from the Coca-Cola Company and PepsiCo in 2009, the study says.
The study recommends that health organizations reject sponsorship offers from soda companies and find alternative sources of funding. It notes that the Academy of Nutrition and Dietetics, the American Academy of Pediatrics, and other organizations did not renew contracts with Coca-Cola at the end of 2024.
The US has one of the highest rates of obesity in the world, with soda consumption identified as one of the factors. On average, Americans consumed 46 gallons of soda in 2009, giving the US one of the highest rates of per capita soda consumption of any country.
A recent report estimated that soda consumption caused one-fifth of weight gain in the US between 1977 and 2007.
The Boston University School of Public Health did not accept any money from PepsiCo or the Coca-Cola Company during the study period (2011–2024). In 2024, the school did accept a small, unrestricted donation from PepsiCo for its upcoming 40th-anniversary gala.
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Last February, burnt out and in desperate need of a break, David Niu quit his job and bought a one-way ticket to New Zealand for himself, his wife, and his 10-month-old daughter.
Traveling across Asia and Australia as his daughter was learning to walk, he spent six months soaking up the local cultures and interviewing entrepreneurs. He was looking to improve his management and leadership skills and get a few business ideas, so he asked them, “What’s your biggest pain point around managing employees that you’d pay to solve?”
Unsurprisingly, they talked about every boss’s worst nightmare: someone quitting. All that time interviewing and training goes down the drain, and suddenly there’s an empty hole that needs to be filled.
That was the inspiration for TINYpulse, a tool that helps companies get anonymous feedback from employees to quash problems before they become deal breakers. Every week, TINYpulse sends out a questionnaire to your employees with a single question. For example:
On a scale of 1 to 10, how happy are you at work?
With eyes closed and fingers crossed, can you recite your organization’s vision, mission, and cultural values?
How likely is it that you’ll be working here in a year?
Name one best practice from a previous employer that we should consider doing.
Rate your own performance for the last 6 months.
Companies like Amazon, Hubspot, and SEOmoz are already using these weekly checkups to improve their culture. You can share results with the team, along with any feedback or notes that employees left, and see how your company performs against others. For example, the average TINYpulse user rates his happiness at 7.7, and how valued he feels at work at 7.4. Only 49 percent of respondents know their company values and mission.
If you see someone’s happiness slipping down to a 4 or 5, you can send them a private message – they remain totally anonymous – to help learn more about the problem and start to resolve it.
Another much-loved TINYpulse feature is called “cheers.” Along with their answer, employees can submit cheers for a fellow colleague who did something awesome that week. And companies have gotten creative with their cheers: one pins them on the wall for all to see, and another puts the cheers in a hat and selects one winner per week to get a prize.
All this may not only prevent employees from quitting, but actually surface ideas and suggestions to make the company more productive. For example, one company had raised $10 million and learned via TINYpulse that many employees were wondering about a raise. So they addressed that question in a company-wide meeting, rather than let all the speculations and whispering continue.
The trend in company culture is no longer about rules or even perks, says Niu, but really inspiring people. Startups like Niko Niko, Murmur, and TINYpulse are creating products to help employees feel more connected and inspired.
“We spend more than 50 percent of our waking hours at work. Why not be happier?” he says.
TINYpulse costs $49 per month for up to 15 employees, and $149 per month for up to 50. With a little technological help, employees around the world can avoid the kind of burnout that drove Niu to quit, and can find the happiness he’s found at TINYpulse.
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