article thumbnail

Eli Lilly CFO resigns over misconduct in workplace

HR Digest

Ashkenazi joined Eli Lilly in 2001. in July amid allegations of an inappropriate relationship with a woman before he joined the retailer. Anat Ashkenazi, previously senior vice president, controller and chief financial officer of Lilly Research Laboratories, has been named as his successor and will now be the next CFO. McDonald’s Corp.

CFO 52
article thumbnail

How AI Helped One Retailer Reach New Customers

Harvard Business Review

When Naomi Simson founded RedBalloon, an online gift retailer that sells personal experiences, she was pioneering the category in Australia. It was 2001, and online advertising was at its nascent stage. .” The company’s cost of new customer acquisition had ballooned from 5 cents to $50.

Retail 8
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Good to Great. Are you ‘good’ or maybe slightly below?

Strategy Driven

Good to Great was published in 2001 way before social media dominated the scene. Things like rundown hotels, lousy food in a restaurant, rude clerk in a retail store, long lines to be served, long waits on hold, not keeping up with technology, and poor management seem to be pervasive in our society.

Collins 53
article thumbnail

Why the Print Catalog Is Back in Style

Harvard Business Review

Penney’s recent announcement that it is resurrecting its print catalog reflects a trend of retailers returning to the print medium as an important sales and marketing tool. While Bloomingdale’s and Saks Fifth Avenue have been mailing catalogs for years, now specialty retailers are picking up the tactic.

Retail 8
article thumbnail

The Increase in U.S. Manufacturing Jobs Is Nothing to Cheer About

Harvard Business Review

After the 2001 recession, the rate of growth was lower than before the recession. From 2001 to 2010, some 20 million service jobs that could have been expected to materialize based on historical rates did not.

Retail 15
article thumbnail

When a Simple Rule of Thumb Beats a Fancy Algorithm

Harvard Business Review

For a retailer, it’s extremely useful to know whether a customer will be back or has abandoned you for good. But as the amount of data that retailers are able to collect grows and the predictive models keep improving, the models will inevitably become markedly better at predicting customer behavior than simple rules.

Simon 11
article thumbnail

When a Simple Rule of Thumb Beats a Fancy Algorithm

Harvard Business Review

For a retailer, it’s extremely useful to know whether a customer will be back or has abandoned you for good. But as the amount of data that retailers are able to collect grows and the predictive models keep improving, the models will inevitably become markedly better at predicting customer behavior than simple rules.

Simon 8