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How Anjali Sud Is Reinventing Vimeo And Taking Over The Future Of Video (Part 2)

Erik Roth: We all know that not everything works—you have to test and learn. So what hasn’t worked? And how do you instill learning and experimentation into your culture? Anjali Sud: In order to succeed, you have to parse the things that require conviction from the things that have blind spots, which you should let go of. We acquired a company and had to shut down a business unit within a year. We tried to make it work—hard enough that I could say, “Even if we executed this at 100 percent, it is not going to work, because we are

How Anjali Sud Is Reinventing Vimeo And Taking Over The Future Of Video (Part 1)

Recently, in one of the episodes of the Inside the Strategy Room podcast, Erik Roth, who leads McKinsey’s innovation work globally, talks with Anjali Sud, CEO of Vimeo, about her experience reinventing the online video platform’s business model. Let’s explore how a Marketing Executive discovered an unexpected market opportunity, disrupted the company’s original business, and became CEO in the process. Erik Roth: Can you first explain what exactly Vimeo is and does? Anjali Sud: Vimeo is the world’s largest professional video platform and community. We are not a competitor of YouTube. We are not a viewing destination. We are a

Restaurant Tech Trends: Why Are Big Brands Buying Tech Companies?

The restaurant industry is changing fast and technology is the driving force. And amidst it all, a new trend is emerging – restaurant companies have started investing in tech companies, and even buying them outright. Why are they doing this? Let’s find your answer in this article. Technology is becoming so important in the restaurant space that there is something of an arms race going on as both large and small chains strive to make their establishments more tech-savvy and compete for the wallet of the modern customer.  From a competitive standpoint, it certainly makes a lot of sense. As

Raising Another $230 Million, Yotpo Rides E-Commerce Wave To Become A Marketing Hub For Brands

While the e-commerce boom continues, Yotpo, a little-known company that offers customer ratings and loyalty tools for a number of well-known brands has achieved unicorn status. Tomer Tagrin – Co-founder and CEO of Yotpo What is Yotbo? Founded in 2011, Yotpo has been the platform powering customer reviews for brands like Patagonia, MVMT, Away and Burton. But now, a decade later, it sees opportunity far beyond that expanding into everything from loyalty and SMS to visual user-generated content and referrals. All of these, Tagrin hopes, will enable the company to let brands further consolidate their marketing stack from a dozen

Development

9 Time Management Hacks Of Effective Managers

Do you often find yourself in the trap where there are never enough hours in the day? Each one of us has likely been into situations like when we walk away with a “busy” badge because time management is becoming one of the hardest jobs for everyone. Let’s explore 9 ways of managing the time that Managers frequently do to lead a productive life. Why is time management important to Managers? Time management is all about bringing joy back to Managers’ life and experiencing every bit of joy that you deserve. The prime importance of time management is to have

5 Entrepreneur Tips to Learn from Successful Women

More women are becoming entrepreneurs and business owners than ever before. In fact, women-owned businesses now account for 40% of US businesses, a 30% increase since 2007. But how do you make a start on the entrepreneurship journey and overcome challenges so that you can grow your business successfully? Whether you are considering starting your own business, need some help navigating the choppy, uncertain waters typical of entrepreneurship, or are simply looking for some fresh inspiration, these hard-won pieces of advice will be sure to come in handy. Here are 5 entrepreneur tips to achieve success from some of the

6 Important Success Factors For The Innovation

Innovation is at the heart of entrepreneurship. All aspiring business owners should understand what innovation is, why it’s important, and how they can take advantage of it in their own businesses. If you are still looking for new ideas to drive business growth, the 6 conditions below will help you drive innovation for your teams or organizations. Innovation is not only interesting, it’s crucial for business growth. Father of management thinking – Peter Drucker – said that “Business has only two functions: marketing and innovating.” Teams in companies all around the world are required to be “innovative.” However, this is

5 Unmistakable Qualities Of A Bad Manager And How To Deal With Them

Have you ever thought about employees who dreaded going to work because of a toxic boss? What attributes do horrible bosses most often exhibit? Our recent research showed the top 5 biggest mistakes that very bad bosses most commonly do and a couple of suggestions to motivate employees effectively and become great bosses.    1. Behave as dictators Great leadership is never about dictating their own vision and way of doing things. Leaders with a “my way or the highway” mentality won’t connect with their teams. Employees want to feel a sense of purpose around their work, that they are

Lifestyle

7 Ways Managers Can Support Employees’ Mental Health

Businesses have never been more aware of the importance of mental health than now. But paying mental health greater lip service doesn’t necessarily equip managers to actually deal with it any better in the workplace; nor does it help employees access the right support when they need it. According to a recent UK survey, 30% of employees feel unable to speak openly to management about feeling stressed. It is the corporate responsibility of every business to ensure this barrier is removed. Mental health awareness is not enough; it needs to be coupled with actual action. There are a ton of useful free

4 Inspirational Movies For Entrepreneurs

Entrepreneurs, like most people, need inspiration for their life. And what better way to find inspiration than to take a break and watch some thought-provoking movies. Regardless of where you currently stand on the entrepreneurial path, you are sure to find some much-needed inspiration by watching the movies featured on this list. Spend a little time recharging your batteries and get reinvigorated with these 4 insightful movies.    1. The Pursuit of Happiness The Pursuit of Happiness is about winning the fight against all odds while staying true to your inner compass. The main character – Gardner, is struggling to

New Trends Of The Travel Market In “The New Normal”

The world travel market has taken a hard hit by lockdown orders across nations due to the Coronavirus epidemic. Countless travel providers had fear of when the situation would get better or whether they can continue conducting their business. However, with the opening of borders and the relaxation of travel restrictions in most of Europe in July, we are seeing an initial recovery of the travel industry. Hotels are reopening, and airlines are resuming flights on a reduced but regular schedule.  The restart of travel after the COVID-19 lockdown raises some questions: What are the post-lockdown consumer trends shaping the

Mark Cuban Honest Tips To Help You Enlarge Your Pocket

You might have heard this billionaire’s name, but who is Mark Cuban and how did he make his money? It’s possible you know him as one of the sharks on the hit show “Shark Tank,” but Cuban is more than just a TV personality. He’s also the owner of the Dallas Mavericks basketball team competing in NBA and a successful investor. In fact, Mark Cuban’s companies are so successful that he made his first million in 1990 after selling his business to CompuServe and then earned a $5.9 billion paycheck after he sold his online streaming audio service to Yahoo