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C.E.O. Lori Dickerson Fouché on Recognizing Leadership

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Lori Dickerson Fouché is the C.E.O. of Prudential Group Insurance and held the position after Hurricane Sandy hit New York City. Having taken leadership roles as a young black woman in America, Fouché has been successful in management positions since the age of 24 and continues as C.E.O. of a major insurance company at 47. Here are her highlights from the interview with Adam Bryant:

  • On lessons she learned early in her career: “One was learning how to prioritize. You simply can’t do everything.”
  • Assess your leaders by their results: “I expect my leaders to listen. I expect them to ask questions. I expect them to understand what’s going on.”
  • On Hiring:
    • Know that prospective hires have done their due diligence on the company
    • Ask what kind of cultures they like to work in, where do they excel, and how do they conduct themselves in the face of challenges
    • Look for resilience and perseverance
    • Ask how they would lead people

As graduation season comes to an end and young graduates enter the workforce, it is important that they find jobs that they really want to do and learn what they can from that experience. Lori Dickerson Fouché suggests that graduates find a company that is a good fit for what important to them and their personal values.

Read the full article here on The Newt York Times.

Marketo and LinkedIn Team Up to Offer Personalized Ads

14257556613_4cfd6d3aa7_oMarketo, a digital marketing automation software company, has struck a deal with LinkedIn to use its metrics and database to target ads specifically to LinkedIn, allowing marketers to better hone in on their target market. With GE as its first customer, it is looking forward to engaging consumers with a brand in a more professional context which was previously unavailable. Here are some key points from the article:

  • LinkedIn and Marketo are partnering up: “Marketo brings to the partnership software that automates digital marketing across the Web, email and social and mobile channels. That’s being integrated with LinkedIn’s new ‘Lead Accelerator’ product, which helps marketers deliver more relevant ads by combining data about what part of the brand’s website the person browsed with demographic information from the person’s profile on the LinkedIn professional networking site.”
  • How is this different from LinkedIn’s previous advertising? “The integration essentially bridges paid advertising on LinkedIn with the digital marketing that Marketo is known for and helps advertisers tell a consistent story across those channels, said Marketo Chief Executive Phil Fernandez.”
  • Consumers respond to ads that are consistent through multiple devices: “‘Consumers are expecting relationships to follow them around as they move through all those places,’ Mr. Fernandez said in an interview. ‘We move around devices and apps without thinking about it, but what brands are saying to us doesn’t.’”
  • This advertising strategy adapts for consumers who may take several paths when researching a purchase: “There are multiple paths a customer might take to research and make a purchase decision, including a combination of online channels and offline interactions, like conversations with an actual salesperson, said Andy Markowitz, general manager for GE’s Performance Marketing Labs.”
  • Marketo will not stop with LinkedIn: “For Marketo, the LinkedIn partnership is the latest in a series of deals that aims to help marketers create continuous conversations with customers across digital channels. The company recently reached a deal to integrate its software with Google AdWords and Google Analytics products as well as Facebook’s custom audiences.  Marketo this week is also rolling out new products to help marketers reach customers across all major digital channels through a single software platform.”

LinkedIn and Marketo are sure to make waves with this new service, and will open the possibility of advertising B2B product and services through social media. There is no denying that personalized ads are the future of advertising, and with Marketo and LinkedIn becoming bigger players in the game, we can expect many more changes to come.

For the full article on The Wall Street Journal, click here.

Are Business Owners Looking To Expand?

2012, 2013, and 2014 have all seen businesses looking to expand. 2014 was a good year for that! What will 2015 bring? For today’s post, we look back at the same 2014 report conducted by UPS Connect from a few weeks ago.

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When asked if business owners are looking to expand in 2014, 58% said they plan to grow their business locally, 34% plan to expand their business nationally, 27% have global expansion plans, and 15% have no current expansion plans.

Since the Great Recession in 2009, companies have been able to put the effects of the economic decline behind them. As the economy has improved, business owners are more optimistic about expanding their companies.