Thursday, November 12, 2015

Notations On Our World: An #Outsider Newsflash as Fortune Names its' Businessperson of the Year

Our team just received word this morning that Fortune has named its' Businessperson of the Year--and it is the CEO of Nike.    The Fortune's Alan Murray shared his thoughts on his CEO Daily newsletter which we are pleased to share here and extend our congratulations and best wishes to him.

As we went to press, the rapid changes though in the Virtual World continue as Angie's List just got a $ 512 Million Dollar Offer from Barry Diller IAC.    Angie's List has been losing market share and as we went to press, was trading at near 52-Week Highs.     Our team is always interested in assessing what our brethren in the Virtual Space are contending it and we will continue to pursue this

We leave you with this from Alan Murray on the leadership primer to be embraced by all--an example of What Jim Collins called Level 5 Leadership:

November 12, 2015
CEO Daily readers did their best to identify Fortune's Businessperson of the Yearthis week, guessing Tim Cook (no. 4 on our list), Travis Kalanick (no. 8) and Elon Musk (Didn't make the top 20. Sorry, Elon.)

No one got it right. The introverted Mark Parker, CEO of Nike, has flown under the radar since taking over the shoe company in 2006. But his name jumped right to the top when we did our annual screening exercise, looking at 10 financial metrics - including 12-month and 36-month increases in profit and revenue, and total shareholder returns - as well as more qualitative measures such as business impact. In his time as CEO, Parker has doubled revenues, doubled profits, and grown his stock price six fold. "It's about time the media discovered Mark," says Phil Knight, the legendary co-founder of the sneaker company. "It's like, where have you been?" Our apologies, Phil.

Nike is emblematic of another important trend. Making shoes may be the second oldest business on earth, but Nike is doing it with cutting edge of technology, remaking its relationships with customers and suppliers in the process. It recently forged a relationship with Silicon Valley contract manufacturer Flex (formerly Flextronics) to bring high-tech manufacturing techniques to its suppliers in Asia. It is also exploring the use of 3-D printing to make custom shoes. Like every good business, Nike today is a technology business.

You can read Adam Lashinsky's fascinating story on this unsung business hero here, and you can read the full list of finalists for Businessperson of the Year here.

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