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Presley essays
Presley papers At that point, nobody understood that The universe of music and amusement would for eternity change. It was early afternoon, on January 8, 1935, when Gladys Smith Presley, a poor Mississippi God-dreading sewing machine administrator and spouse of ranch hand Vernon Elvis Presley, brought forth twin children Elvis Aron and Jesse Garon Presley. Covered in a plain Priceville, Mississippi grave, Jesse Garon passed on inside six hours of birth. Jesses twin, Elvis Aron, was to turn into the most compelling power in the historical backdrop of well known music and a merging power between societies. As the universes generally charming and fruitful performer of his age, Elvis sold more than 300,000,000 records, and made Today, Elvis is referred to worldwide as The King of Rock n Roll. The down and out with his affable and respectful ways, designed his celebrated squirm and early singing style structure the gospel restoration ministers he grew up with at the familys First Assembly of God Church. We were poor, man, broke, and we left Tupelo short-term, Elvis stated, a statement which epitomizes his initial life, following his folks from employment to work. In 1939 the complete joined Presley compensation was $35 every week, when youthful Elvis was joined up with L.C. Humes High School in Memphis, Tennessee. After graduation from Humes Secondary School in 1953, while driving a truck for an electric organization, Elvis passed a sign that would lead him to distinction. The sign read, Memphis Recording Service-Make your own records...Four dollars for two tunes. This is the place Sam Phillips of Sun Records discovered his man. In August 1954, WHBQ radio in Memphis discharged the introduction of a Rock n Roll legend with, Thats All Right, Mama. After an ineffective Grand Ol Opry spell, 1955 brought Good Rockin Tonite and Milk Cow Blues Boogie. The flashy individual oversee ... <!
Thursday, July 16, 2020
Centrify
Centrify INTRODUCTIONMartin: Hi, today we are in Santa Clara in the Centrify office. Hi, Tom, who are you and what do you do?Tom: Who am I? I ask that myself all the time so I am the CEO of Centrify corporation and we are a enterprise security company and we are specifically focused on the top attack factor that bad guys use to hack companies which is compromised credentials. So we are all about identity, users and their identity and making sure people are safe in a business setting in terms of accessing applications.Martin: How do frauds compromise credentials?Tom: Ok, that is a good question. The bad guys, what they do is they either phish you with a âphâ not an âfâ right there by fooling you to go to a website to type in your username and password or they try to guess your password also known as cracking your password and there are other ways they go about stealing your password. Once they get your username and password they can access the applications you have access to or in a co rporate setting then can VPN into the corporate network and then they try to get additional usernames and passwords including privileged accounts that have the keys to the kingdom. That is how the bad guys, they start with regular end users and then they eventually get into privileged users like IT accounts and then they like completely strip mine databases, servers with all the corporate information. It is a really big problem and that is what we are solving.Martin: Great, so is it possible if I would be a hacker to hack a computer, you know basically Facebook account or so, try whether on the computer there is a corporate account, hack this and then hack into the corporate network become a privileged user and then hack the whole company?Tom: That happens all the time. In fact, if you look at all the data breaches that have made the headlines, Ashley Maddison, not that weâre anticipating that but the office personnel management, Anthem, a lot of these big corporations both here i n the US as well as Europe. What happens is often times users have the same passwords for their Facebook account that they have for the work account. So If I can steal your Facebook account, there is a good chance you are using the same password and then I can get into your work account and then that is kind of like the initial opening or crack. Then they just kind of pour in water, they freeze it and the crack expands and expands but by going out and stealing additional passwords within the organization as well, so it just starts with a single password and then people get into the corporate network and then steal additional ones.Martin: Tom, what did you do before you started the company? Basically how did you come up with the business idea?Tom: I was very fortunate to work with a great team prior to Centrify. The company was called NetIQ and I was one of the founders of that company and that company also sold to enterprises. We did more infrastructure management like monitoring se rvers and applications etc. And that was a great success. We went public in July 1999 and I was there for eight years and had a lot of executive positions there as well. But after eight years I wanted to take some time off. This was a couple of years after 9/11 so it was kind of tough going just being a public company in the early 2000.So I took a little time off which I highly recommend, it is always good to recharge the batteries right there. Then I hooked up with a venture capital firm to be an entrepreneur in residence. The VC firm is called Mayfield, one of the top venture firms here in SiliconValley. And I just had some ideas and one of the ideas I had was as the world from an IT perspective becomes more heterogeneous in terms of different types of systems and applications from different vendors. The world was moving away from kind of the monolithic Microsoft centered environment. Ten, eleven years ago it was about Linux and now we have SaaS, we have mobile so it is a very div erse set of vendors. In that environment that introduced complexity and so each system, each application forces the user to have a new username and password in IT is very difficult for them to control who can access what.So the idea was can we make a heterogeneous environment look and feel and smell like it is homogeneous from authentication, log in perspective, from authorization. So that was the genesis of the idea and I got that idea just from what I had done previously and just kind of my observations of what was happening on the market at the time.Martin: Tom, give us some insights on how is such a EIR program running.Tom: You know it is interesting that entrepreneurs in residence are very popular here in Silicon Valley and so typically this is an opportunity for the VCs to bring some executives or people with good ideas and just have them hang out at the firm and be able to think through their ideas, interview people, just take time. So there isnât a pressure for the individ ual like you have to immediately start a company. It is more an opportunity for a would-be entrepreneur just to germinate some ideas It goes back to the value of taking some time off, getting a fresh set of perspectives as well. Probably good chunk of the EIRs â" entrepreneurs in residence actually donât go form companies. They may join in an existing company or they may have an idea they may pursue for a couple of months. In the end after they talk to some investors etc. they throw it away and they go onto a new one.So the good news is that the VC, the venture capitalist does provide an opportunity for entrepreneur in residence to have an office, have access to smart people etc. There is one drawback that if you do have an idea and you form a company and that venture capitalist that want you as an entrepreneur in residence does not fund you then the other VCs will say âThere must be something wrongâ as well. So an entrepreneur in residence can be a great time but it does hav e some risks that if you are not able to get funding from the VC firm that sponsored you then it may look very negative on you and your idea as well. So there are both pros and cons, but the key thing to be an EIR is is you have to have a prior relationship or be well respected by the firm to bring you on board.Martin: Tom, what was the process? Once you identified this kind of idea, what did you do? Did you build a product or did you raise the money first?Tom: Typically, what you do is you just put the idea in a power point. Often times people say âOh, you have to write a big business plan. You have to write 50-page documentâ and all that stuff. Typically, it is more if you can kind of consolidate it or condense it into 10 to 15 slides. In a lot of cases, especially if you are a known commodity which I was having had a successful previous start up that was able to go public, that can be enough to get funding there. But in other cases if you are an entrepreneur that may not have a prior track record of starting companies and making investorsâ money then it is probably more important for you to go out there and build a product and build the technology, get some initial customer adoption. At least have a proof of concept as well. At the time I didnât have to do that and that was good enough for me to go out at the time, this is ten years ago, to raise money. And then the biggest challenge then was to build the team because it was myself with the idea. I was very fortunate to hook up with two additional, my co-founders Paul and Adam and once we got the money then it is all about the team. First it is the idea and it is the market and be able to get funding, then from there it is building the team and see if you can execute.Martin: Did you find your co-founders via the venture capital firm or did you know them before.?Tom: No, it was interesting that I had actually Adam met a few times from my prior venture NetIQ and actually at one point he was trying to sell the company he was with to us so I got to know him but not really that well and then it was as an entrepreneur in residence you go to a lot of conferences, you meet a lot of people. It is a lot about networking, it is just about get ideas and I bumped into him and I hadnât seen Adam in a year or two and we went out to lunch and he said âWhat are you doing?â, I said âWhat are you doing?â and I told him âHey, I have this ideaâ and he was like âThat is a great idea. I would like to be a part of that idea.â Which was great.And it turned out that Paul who is our CTO, Adam is our VP of engineering, Paul had worked with Adam in Adamâs prior startup and then once I go Adam I was able to get Paul. Even though it was my idea, initial idea kind of it at a 20 000-foot view level that we really needed Adam and Paul to come in and really flush it out.Again, I think it really emphasizes the point that it is so important to have a team around you because not one individual can do everything. You need to have other people that can contribute and then once is you get the initial team you are able to go out there and raise initial funding, then you have got to build the next set of people and that is also just as critical as well so you have to get the initial set but then the first ten or 15 people are really key to actually get it to a prototype stage and deliver version one of your product.Martin: Tom, what made you think that you three are a great founding team?Tom: I think we all had confidence in each other. I think the thing is that it is not until you actually deliver and then you get customer adoption and that is the validation that you have a good team. Clearly here in Silicon Valley you can hook up with people that may have done and had success in the past. Although there is a lot of entrepreneurs especially ones in college or just out of college that donât have a track record but are just super smart and have a great idea etc. At the end o f the day, it doesnât matter if you are super experienced and there are three or four guys that have done this things, done incomparable things for ten or 15 years or you are three or four guys, right out of college or even in college right now. At the end of the day the way you get judged is the initial results in terms of whether or not you have built a team and that there is customer adoption. All the stuff up until getting customer adoption is kind of noise and there are a lot of people that have high âWoohoo we have raised moneyâ and all that stuff. But are the dogs eating the dog food? Are you getting customer adoption? That is the most important thing in the end that allows you to then judge and say âHey, we do have a good teamâ.Martin: How long did it take you to acquire the first customer? How did you convince him to buy or try your product?Tom: It was interesting. So we formed the company in March and then we had an initial early beta in like February, March. It took us about a year with a small team to build the technology and then we decided to go public with this in terms of announcing what we had. Through my prior contacts and networking with people we had a set of beta customers.But ironically there was a company in Canada that just read the article and just said âHey, I like what It does let me just go ahead and buy it.â And we were like âIs this a joke?â Someone picked up the phone and said yeah I just want to buy your product and you are like âWho is this?âMartin: Do you know the price?Tom: Exactly. It was like kind of out of the blue but often times if you have a good idea, a good product etc. people will just say âYes, actually that scratch is an itch.â So I think one thing that an entrepreneur should know is that do they really solve First of all, you have to have a great idea and you have to hopefully have a large market, then it is about the team. But fundamental thing is, especially if you sell to enterprises, do you solve a real point of pain. You have probably heard that form a lot of people. Do you solve a serious disease or are you a band aid etc.And it turned out with that initial customer it was like âI really have this pain and so I am willing to kind of try it out, so I am just going to buy it.â And subsequently that spring about a year, a year and a half we started getting more and more customers including the beta sites and then started building a pipeline, started hiring our sales organization as well.Martin: Tom, how did you collaborate with those beta customers in order to really find this product market fit?Tom: That is a great question. You have got to find the right people, especially the ones that are willing to be patient, to experiment. You donât want to lean on them too much because then it is like âHey, you are the guys developing the product. I am not the oneâ. You just have to get them excited about selling the vision maybe they are experiencing the real p ain point in their business and so they are willing to collaborate with you and also maybe it is an opportunity for them to get exposed to a startup or to help other companies well so they may feel kind of a philanthropic bent to themselves as while willing to help you out. But it is critical. You really need to listen to these customers out of the gate and try to convert some of them into paying customers as well.Having a set of beta customers is really important. I think a lot of times a lot of entrepreneurs they go ahead and ship it and they donât realize that you need to have a period of time in which you are more listening and having the product be tested.Another thing I find really interesting is, you know I have been on board some other companies, the people will say âOur beta will be out on August 1st and we will ship it three weeks later.â But that is not a real beta process because there is no way that the customer will get in, install the product on August 1st, give you the feedback, allow you to fix it and then you can do the quality assurance as well. So especially with the version 1 you need kind of at least a couple of monthsâ beta process so you can get the feedback, you can fix and iterate then, etc.Martin: What was the most valuable feedback that you got from the beta customers which you did not expect?Tom: The most valuable feedback that we go was not necessarily on the product side of things. It was how they saw the product. What pain points that it solves for them. So I did have an expectation that I thought that our product would be used to address certain points of pain and then in talking with them in our particular case I didnât realize the extent that they were looking for our product to address regulatory compliance issues. I just didnât think as much about that. What I thought was like âThey would want it for improvements of productivity. They would want to use it to reduce cost, etc.â It was really an education to s ay that especially with larger organizations that are more well regulated that it turns out that the regulators or the auditors can really drive things and so it turned out that in talking with them they were saying âYes, I appreciate all those, the way that you are positioning our product but in reality the reason I want to buy it is to check off these boxes right here.â And I was like âGees, I didnât really think about it. When I was initially formulating I kind of thought that was more of a tier 2, tier 3 thing.A week later, I switched the bullet points and put those on top for the next set of potential customers. So again it is not only important to have early customers to help test the product and iterate and give you product feedback but it is also very important for the early customers to validate your messaging and your positioning, etc. You can have a great product but if it doesnât resonate and it is not clearly grasped then it can just languish on the shelf.BUSI NESS MODEL OF CENRIFYMartin: Tom, letâs talk about the business model of Centrify. What are the target customers in terms of company size, industry and what type of roles you are really targeting for pitching?Tom: So we are an enterprise security company and it turns out the enterprises with the largest budgets, bigger companies, are well regulated and that are the targets of hackers out there. So the core of our market is the Global 2000. So our go to market is a mix of direct sales, some system integrators, etc. But we are fortunate that we are in a space called identity management where the pain point is also with small size and medium organizations that they have their users drowning in a sea of passwords as they adopt SaaS applications as well. So it turns out that we can also appeal to smaller medium sized organizations.The problem is that you canât use the same model, sales model to sell to large enterprises that you sell to small or medium. So we are very fortunate that our product is elastic enough that we can sell to almost all size organizations but you need to have the right mix and balance of how you go about selling it because otherwise why have an expensive outside sales guy calling on a 1500 to 2000-person small business, etc.So for the large organizations as I mentioned earlier we do have more of an enterprise centric. We work with some system integrators, etc. But for more of the small and medium we rely more on inside sales people that are not out on the field, that are not as well paid, that tend to be based in your headquarters on the phone and we work with a lot of channel partners as well.Another thing that a lot of startups need to figure out is âHey, you have got the idea, you have got the team, you have got the product, you have got the messaging, then what is the go to market?â Obviously with version 1 you just want to get customers but when you did the version 2 by that time you really need to figure out what is the proper w ay of going to market with your product that eventually will be cost effective. Do you sell online, do you sell to the channel, do you sell through inside sales, is it more of a big customer enterprise and you need a lot of very expensive guys or gals that are making 250,000 dollars a year, etc. So you need to find the right balance to make it eventually economical for you as a company. In our case because our product can be sold to anyone and everyone and from a business perspective we have a hybrid model of both direct and indirect; both outside reps and inside reps.Martin: Normally when you start a company you want to get very often feedbacks to use the feedback cycle to improve the proper market fit and the sales proposition and so forth. You said that basically you have two customer segments like the large caps and SMEs for example, and the large caps are mainly served by integrators so which are basically third parties to you. Then the question will be: did you start up outrig ht with these smaller companies to get the higher feedback cycle? And second question is: how do you get customer feedback via third parties who are then serving customers?Tom: Yes, a little bit of clarification so we do work a lot with large system integrators but we still even though we may fulfill through the channel of system integrators we do have a sales person involved and. For the larger ones they are on the outside for the smaller ones they are on the inside. So even though the purchase may happen through a third party we still have some direct touch to help motivate people as well.But that is a good thing is that again you have to figure out what is the most efficient way of going to market and if you leverage the channel then you are right. You need to make sure that you donât lose the feedback loop. That you are not disaggregated from the actual customer as well. And so the cool thing is that with technology today, because most of the technology is increasingly becomin g cloud based that you can ask, even though the product may be sold by someone else you can actually get feedback directly inside the product itself with feedback buttons or things of that nature as well. You can make sure that you have your ears to the ground so to speak and listening the customers by putting things into the product to make sure that you actually have that info.We always focused on trying to always make sure that we are on top of what customers were saying and so that is a big focus of what we always had as a company as well and we have added things to the product to give us the feedback loop even in the cases when the product is being sold or distributed by a third party.Martin: Tom, what have been the major obstacles over the last years that you needed to overcome and how did you overcome them?Tom: Yes, the technology space is dramatically changing. And so when we first formed the company we were more of an on premises software based approach selling into the ent erprise. But the adoption of cloud and mobile is dramatic. Like four or five years ago we made a big decision to go whole hog into the cloud. I think that was a big obstacle for us which was how do we build our company, our technology to be optimized for the cloud. But then at the same time that we had a good product and customer relationships with us on premise so what we did is that we, actually four or five years ago, we were profitable etc. and we knew that we had to go out and raise some additional money to address the cloud so we raised another round of financing to fund that and we basically created a parallel development organization to work on the cloud as well.So that a very big challenge for us which was that we could have either just incrementally done some cloud stuff, ignore the cloud and still carve out a nice business or decide to go whole hog in and embrace the cloud and basically offer to the customers the ability to not only use our software but our cloud based se rvice. And so when you move to the cloud then the product through the cloud are mainly bought through a subscription, for example. And so you have to like reset the sales organization in terms of what their expectation should be for deals sizes. Also a lot of the adoption of cloud products first start with small and medium sized enterprises as well. So that may emphasize having more of an inside sales team as well.So the second that you jump out of paradigm shift then it is just not about the technology itâs about you go to market, how to compensate people, etc. I think we have done a good job of migrating and moving to the cloud and you know recent competitive reviews in like Network World said, âHey, Centrify is the number one for SaaS single sign onâ for example. So I think we can clearly point to the fact that we have industry leading product and some technologies and we have successfully gone through that transition but it wasnât easy and we had to really evolve as tech nology.The thing is I have been doing this in a technology I have first moved out to California right out of college to start at Oracle and just the pace of evolution is just amazing. There was just a way for the first 15 to 20 years a way of building companies, building products, marketing them etc. It was kind of the same. And just over the last 5, 6 years it is just completely different in terms of how people go about building products and obviously having technology like Amazon can really facilitate things. The amount of money that some companies are raising is just like âOh my god, they are raising hundreds of millions of dollarsâ. This is just insane. When ten, fifteen years ago like people would raise 5 â" 10 million dollars. The way that you market to people is completely changed as well so I think everyone is going through a challenge in the technology industry in terms of just trying to keep up with the rapid adoption.Martin: Tom, what made you go to the cloud anyway? Was it more of a vision that you though âWell long terms will want to have thisâ or that you got some customer feedback where said âGuys I want you on premise, donât you offer something on the cloudâ or was it more of another thought?Tom: You know like 5-6 years ago when we made that decision actually most of our customers were not saying that but we wanted to go where the puck would be. There is a saying skate to where the puck is going to be as opposed to where it is right now. So we made that decision to do that and we are glad we did it. It is definitely a different model from our premise.So today we sell mobile software and we sell both cloud services. The one thing that works to our advantage which is that the software and the cloud capabilities they donât overlap. Oftentimes a lot of companies when they start off as a software company and they move to the cloud they are basically re-implementing the same technology in the cloud. And so now they are in a situation where the sales people say,âI used to make more money selling this stuff but I am going to make less moneyâ or âThis product is not yet fully functionalâ whatever.The cool thing is that when we went out and built identity services in the cloud it was completely complimentary to what we currently we did provide from an on premises perspective. So the cloud products were net additive to what we were doing as well. But it was clearly at the time it was like we felt that more and more of peoplesâ infrastructure will move to the cloud but the key philosophy we have which differentiates ourselves from a lot of startups that a lot of startups are saying âWell the world is going to be 100 percent cloudâ and that is not going to be the case. If you sell to enterprises that even I 5 â" 10 years it still is going to be a hybrid, they are still going to have some on premises systems, they are going to have some cloud systems. So from our perspective if you want to provide a comp rehensive security solution you need to address both data centered cloud and mobile as well with integrated solution. That is what we are trying to do.Martin: Great.ADVICE TO ENTREPRENEURS FROM TOM KEMP In Santa Clara (CA), we meet CEO and Founder of Centrify, Tom Kemp. Tom talks about his story how he came up with the idea and founded Centrify, how the current business model works, as well as he provides some advice for young entrepreneurs.INTRODUCTIONMartin: Hi, today we are in Santa Clara in the Centrify office. Hi, Tom, who are you and what do you do?Tom: Who am I? I ask that myself all the time so I am the CEO of Centrify corporation and we are a enterprise security company and we are specifically focused on the top attack factor that bad guys use to hack companies which is compromised credentials. So we are all about identity, users and their identity and making sure people are safe in a business setting in terms of accessing applications.Martin: How do frauds compromise credentials?Tom: Ok, that is a good question. The bad guys, what they do is they either phish you with a âphâ not an âfâ right there by fooling you to go to a website to type in your username and passw ord or they try to guess your password also known as cracking your password and there are other ways they go about stealing your password. Once they get your username and password they can access the applications you have access to or in a corporate setting then can VPN into the corporate network and then they try to get additional usernames and passwords including privileged accounts that have the keys to the kingdom. That is how the bad guys, they start with regular end users and then they eventually get into privileged users like IT accounts and then they like completely strip mine databases, servers with all the corporate information. It is a really big problem and that is what we are solving.Martin: Great, so is it possible if I would be a hacker to hack a computer, you know basically Facebook account or so, try whether on the computer there is a corporate account, hack this and then hack into the corporate network become a privileged user and then hack the whole company?Tom: T hat happens all the time. In fact, if you look at all the data breaches that have made the headlines, Ashley Maddison, not that weâre anticipating that but the office personnel management, Anthem, a lot of these big corporations both here in the US as well as Europe. What happens is often times users have the same passwords for their Facebook account that they have for the work account. So If I can steal your Facebook account, there is a good chance you are using the same password and then I can get into your work account and then that is kind of like the initial opening or crack. Then they just kind of pour in water, they freeze it and the crack expands and expands but by going out and stealing additional passwords within the organization as well, so it just starts with a single password and then people get into the corporate network and then steal additional ones.Martin: Tom, what did you do before you started the company? Basically how did you come up with the business idea?Tom : I was very fortunate to work with a great team prior to Centrify. The company was called NetIQ and I was one of the founders of that company and that company also sold to enterprises. We did more infrastructure management like monitoring servers and applications etc. And that was a great success. We went public in July 1999 and I was there for eight years and had a lot of executive positions there as well. But after eight years I wanted to take some time off. This was a couple of years after 9/11 so it was kind of tough going just being a public company in the early 2000.So I took a little time off which I highly recommend, it is always good to recharge the batteries right there. Then I hooked up with a venture capital firm to be an entrepreneur in residence. The VC firm is called Mayfield, one of the top venture firms here in SiliconValley. And I just had some ideas and one of the ideas I had was as the world from an IT perspective becomes more heterogeneous in terms of different types of systems and applications from different vendors. The world was moving away from kind of the monolithic Microsoft centered environment. Ten, eleven years ago it was about Linux and now we have SaaS, we have mobile so it is a very diverse set of vendors. In that environment that introduced complexity and so each system, each application forces the user to have a new username and password in IT is very difficult for them to control who can access what.So the idea was can we make a heterogeneous environment look and feel and smell like it is homogeneous from authentication, log in perspective, from authorization. So that was the genesis of the idea and I got that idea just from what I had done previously and just kind of my observations of what was happening on the market at the time.Martin: Tom, give us some insights on how is such a EIR program running.Tom: You know it is interesting that entrepreneurs in residence are very popular here in Silicon Valley and so typically thi s is an opportunity for the VCs to bring some executives or people with good ideas and just have them hang out at the firm and be able to think through their ideas, interview people, just take time. So there isnât a pressure for the individual like you have to immediately start a company. It is more an opportunity for a would-be entrepreneur just to germinate some ideas It goes back to the value of taking some time off, getting a fresh set of perspectives as well. Probably good chunk of the EIRs â" entrepreneurs in residence actually donât go form companies. They may join in an existing company or they may have an idea they may pursue for a couple of months. In the end after they talk to some investors etc. they throw it away and they go onto a new one.So the good news is that the VC, the venture capitalist does provide an opportunity for entrepreneur in residence to have an office, have access to smart people etc. There is one drawback that if you do have an idea and you form a company and that venture capitalist that want you as an entrepreneur in residence does not fund you then the other VCs will say âThere must be something wrongâ as well. So an entrepreneur in residence can be a great time but it does have some risks that if you are not able to get funding from the VC firm that sponsored you then it may look very negative on you and your idea as well. So there are both pros and cons, but the key thing to be an EIR is is you have to have a prior relationship or be well respected by the firm to bring you on board.Martin: Tom, what was the process? Once you identified this kind of idea, what did you do? Did you build a product or did you raise the money first?Tom: Typically, what you do is you just put the idea in a power point. Often times people say âOh, you have to write a big business plan. You have to write 50-page documentâ and all that stuff. Typically, it is more if you can kind of consolidate it or condense it into 10 to 15 slides. In a lot of cases, especially if you are a known commodity which I was having had a successful previous start up that was able to go public, that can be enough to get funding there. But in other cases if you are an entrepreneur that may not have a prior track record of starting companies and making investorsâ money then it is probably more important for you to go out there and build a product and build the technology, get some initial customer adoption. At least have a proof of concept as well. At the time I didnât have to do that and that was good enough for me to go out at the time, this is ten years ago, to raise money. And then the biggest challenge then was to build the team because it was myself with the idea. I was very fortunate to hook up with two additional, my co-founders Paul and Adam and once we got the money then it is all about the team. First it is the idea and it is the market and be able to get funding, then from there it is building the team and see if you can ex ecute.Martin: Did you find your co-founders via the venture capital firm or did you know them before.?Tom: No, it was interesting that I had actually Adam met a few times from my prior venture NetIQ and actually at one point he was trying to sell the company he was with to us so I got to know him but not really that well and then it was as an entrepreneur in residence you go to a lot of conferences, you meet a lot of people. It is a lot about networking, it is just about get ideas and I bumped into him and I hadnât seen Adam in a year or two and we went out to lunch and he said âWhat are you doing?â, I said âWhat are you doing?â and I told him âHey, I have this ideaâ and he was like âThat is a great idea. I would like to be a part of that idea.â Which was great.And it turned out that Paul who is our CTO, Adam is our VP of engineering, Paul had worked with Adam in Adamâs prior startup and then once I go Adam I was able to get Paul. Even though it was my idea, init ial idea kind of it at a 20 000-foot view level that we really needed Adam and Paul to come in and really flush it out.Again, I think it really emphasizes the point that it is so important to have a team around you because not one individual can do everything. You need to have other people that can contribute and then once is you get the initial team you are able to go out there and raise initial funding, then you have got to build the next set of people and that is also just as critical as well so you have to get the initial set but then the first ten or 15 people are really key to actually get it to a prototype stage and deliver version one of your product.Martin: Tom, what made you think that you three are a great founding team?Tom: I think we all had confidence in each other. I think the thing is that it is not until you actually deliver and then you get customer adoption and that is the validation that you have a good team. Clearly here in Silicon Valley you can hook up with p eople that may have done and had success in the past. Although there is a lot of entrepreneurs especially ones in college or just out of college that donât have a track record but are just super smart and have a great idea etc. At the end of the day, it doesnât matter if you are super experienced and there are three or four guys that have done this things, done incomparable things for ten or 15 years or you are three or four guys, right out of college or even in college right now. At the end of the day the way you get judged is the initial results in terms of whether or not you have built a team and that there is customer adoption. All the stuff up until getting customer adoption is kind of noise and there are a lot of people that have high âWoohoo we have raised moneyâ and all that stuff. But are the dogs eating the dog food? Are you getting customer adoption? That is the most important thing in the end that allows you to then judge and say âHey, we do have a good teamâ .Martin: How long did it take you to acquire the first customer? How did you convince him to buy or try your product?Tom: It was interesting. So we formed the company in March and then we had an initial early beta in like February, March. It took us about a year with a small team to build the technology and then we decided to go public with this in terms of announcing what we had. Through my prior contacts and networking with people we had a set of beta customers.But ironically there was a company in Canada that just read the article and just said âHey, I like what It does let me just go ahead and buy it.â And we were like âIs this a joke?â Someone picked up the phone and said yeah I just want to buy your product and you are like âWho is this?âMartin: Do you know the price?Tom: Exactly. It was like kind of out of the blue but often times if you have a good idea, a good product etc. people will just say âYes, actually that scratch is an itch.â So I think one thing tha t an entrepreneur should know is that do they really solve First of all, you have to have a great idea and you have to hopefully have a large market, then it is about the team. But fundamental thing is, especially if you sell to enterprises, do you solve a real point of pain. You have probably heard that form a lot of people. Do you solve a serious disease or are you a band aid etc.And it turned out with that initial customer it was like âI really have this pain and so I am willing to kind of try it out, so I am just going to buy it.â And subsequently that spring about a year, a year and a half we started getting more and more customers including the beta sites and then started building a pipeline, started hiring our sales organization as well.Martin: Tom, how did you collaborate with those beta customers in order to really find this product market fit?Tom: That is a great question. You have got to find the right people, especially the ones that are willing to be patient, to exp eriment. You donât want to lean on them too much because then it is like âHey, you are the guys developing the product. I am not the oneâ. You just have to get them excited about selling the vision maybe they are experiencing the real pain point in their business and so they are willing to collaborate with you and also maybe it is an opportunity for them to get exposed to a startup or to help other companies well so they may feel kind of a philanthropic bent to themselves as while willing to help you out. But it is critical. You really need to listen to these customers out of the gate and try to convert some of them into paying customers as well.Having a set of beta customers is really important. I think a lot of times a lot of entrepreneurs they go ahead and ship it and they donât realize that you need to have a period of time in which you are more listening and having the product be tested.Another thing I find really interesting is, you know I have been on board some other companies, the people will say âOur beta will be out on August 1st and we will ship it three weeks later.â But that is not a real beta process because there is no way that the customer will get in, install the product on August 1st, give you the feedback, allow you to fix it and then you can do the quality assurance as well. So especially with the version 1 you need kind of at least a couple of monthsâ beta process so you can get the feedback, you can fix and iterate then, etc.Martin: What was the most valuable feedback that you got from the beta customers which you did not expect?Tom: The most valuable feedback that we go was not necessarily on the product side of things. It was how they saw the product. What pain points that it solves for them. So I did have an expectation that I thought that our product would be used to address certain points of pain and then in talking with them in our particular case I didnât realize the extent that they were looking for our product to address regulatory compliance issues. I just didnât think as much about that. What I thought was like âThey would want it for improvements of productivity. They would want to use it to reduce cost, etc.â It was really an education to say that especially with larger organizations that are more well regulated that it turns out that the regulators or the auditors can really drive things and so it turned out that in talking with them they were saying âYes, I appreciate all those, the way that you are positioning our product but in reality the reason I want to buy it is to check off these boxes right here.â And I was like âGees, I didnât really think about it. When I was initially formulating I kind of thought that was more of a tier 2, tier 3 thing.A week later, I switched the bullet points and put those on top for the next set of potential customers. So again it is not only important to have early customers to help test the product and iterate and give you product feedba ck but it is also very important for the early customers to validate your messaging and your positioning, etc. You can have a great product but if it doesnât resonate and it is not clearly grasped then it can just languish on the shelf.BUSINESS MODEL OF CENRIFYMartin: Tom, letâs talk about the business model of Centrify. What are the target customers in terms of company size, industry and what type of roles you are really targeting for pitching?Tom: So we are an enterprise security company and it turns out the enterprises with the largest budgets, bigger companies, are well regulated and that are the targets of hackers out there. So the core of our market is the Global 2000. So our go to market is a mix of direct sales, some system integrators, etc. But we are fortunate that we are in a space called identity management where the pain point is also with small size and medium organizations that they have their users drowning in a sea of passwords as they adopt SaaS applications as well. So it turns out that we can also appeal to smaller medium sized organizations.The problem is that you canât use the same model, sales model to sell to large enterprises that you sell to small or medium. So we are very fortunate that our product is elastic enough that we can sell to almost all size organizations but you need to have the right mix and balance of how you go about selling it because otherwise why have an expensive outside sales guy calling on a 1500 to 2000-person small business, etc.So for the large organizations as I mentioned earlier we do have more of an enterprise centric. We work with some system integrators, etc. But for more of the small and medium we rely more on inside sales people that are not out on the field, that are not as well paid, that tend to be based in your headquarters on the phone and we work with a lot of channel partners as well.Another thing that a lot of startups need to figure out is âHey, you have got the idea, you have got the te am, you have got the product, you have got the messaging, then what is the go to market?â Obviously with version 1 you just want to get customers but when you did the version 2 by that time you really need to figure out what is the proper way of going to market with your product that eventually will be cost effective. Do you sell online, do you sell to the channel, do you sell through inside sales, is it more of a big customer enterprise and you need a lot of very expensive guys or gals that are making 250,000 dollars a year, etc. So you need to find the right balance to make it eventually economical for you as a company. In our case because our product can be sold to anyone and everyone and from a business perspective we have a hybrid model of both direct and indirect; both outside reps and inside reps.Martin: Normally when you start a company you want to get very often feedbacks to use the feedback cycle to improve the proper market fit and the sales proposition and so forth. Yo u said that basically you have two customer segments like the large caps and SMEs for example, and the large caps are mainly served by integrators so which are basically third parties to you. Then the question will be: did you start up outright with these smaller companies to get the higher feedback cycle? And second question is: how do you get customer feedback via third parties who are then serving customers?Tom: Yes, a little bit of clarification so we do work a lot with large system integrators but we still even though we may fulfill through the channel of system integrators we do have a sales person involved and. For the larger ones they are on the outside for the smaller ones they are on the inside. So even though the purchase may happen through a third party we still have some direct touch to help motivate people as well.But that is a good thing is that again you have to figure out what is the most efficient way of going to market and if you leverage the channel then you are right. You need to make sure that you donât lose the feedback loop. That you are not disaggregated from the actual customer as well. And so the cool thing is that with technology today, because most of the technology is increasingly becoming cloud based that you can ask, even though the product may be sold by someone else you can actually get feedback directly inside the product itself with feedback buttons or things of that nature as well. You can make sure that you have your ears to the ground so to speak and listening the customers by putting things into the product to make sure that you actually have that info.We always focused on trying to always make sure that we are on top of what customers were saying and so that is a big focus of what we always had as a company as well and we have added things to the product to give us the feedback loop even in the cases when the product is being sold or distributed by a third party.Martin: Tom, what have been the major obstacles over the last years that you needed to overcome and how did you overcome them?Tom: Yes, the technology space is dramatically changing. And so when we first formed the company we were more of an on premises software based approach selling into the enterprise. But the adoption of cloud and mobile is dramatic. Like four or five years ago we made a big decision to go whole hog into the cloud. I think that was a big obstacle for us which was how do we build our company, our technology to be optimized for the cloud. But then at the same time that we had a good product and customer relationships with us on premise so what we did is that we, actually four or five years ago, we were profitable etc. and we knew that we had to go out and raise some additional money to address the cloud so we raised another round of financing to fund that and we basically created a parallel development organization to work on the cloud as well.So that a very big challenge for us which was that we could have either just incrementally done some cloud stuff, ignore the cloud and still carve out a nice business or decide to go whole hog in and embrace the cloud and basically offer to the customers the ability to not only use our software but our cloud based service. And so when you move to the cloud then the product through the cloud are mainly bought through a subscription, for example. And so you have to like reset the sales organization in terms of what their expectation should be for deals sizes. Also a lot of the adoption of cloud products first start with small and medium sized enterprises as well. So that may emphasize having more of an inside sales team as well.So the second that you jump out of paradigm shift then it is just not about the technology itâs about you go to market, how to compensate people, etc. I think we have done a good job of migrating and moving to the cloud and you know recent competitive reviews in like Network World said, âHey, Centrify is the number one for SaaS sin gle sign onâ for example. So I think we can clearly point to the fact that we have industry leading product and some technologies and we have successfully gone through that transition but it wasnât easy and we had to really evolve as technology.The thing is I have been doing this in a technology I have first moved out to California right out of college to start at Oracle and just the pace of evolution is just amazing. There was just a way for the first 15 to 20 years a way of building companies, building products, marketing them etc. It was kind of the same. And just over the last 5, 6 years it is just completely different in terms of how people go about building products and obviously having technology like Amazon can really facilitate things. The amount of money that some companies are raising is just like âOh my god, they are raising hundreds of millions of dollarsâ. This is just insane. When ten, fifteen years ago like people would raise 5 â" 10 million dollars. The way that you market to people is completely changed as well so I think everyone is going through a challenge in the technology industry in terms of just trying to keep up with the rapid adoption.Martin: Tom, what made you go to the cloud anyway? Was it more of a vision that you though âWell long terms will want to have thisâ or that you got some customer feedback where said âGuys I want you on premise, donât you offer something on the cloudâ or was it more of another thought?Tom: You know like 5-6 years ago when we made that decision actually most of our customers were not saying that but we wanted to go where the puck would be. There is a saying skate to where the puck is going to be as opposed to where it is right now. So we made that decision to do that and we are glad we did it. It is definitely a different model from our premise.So today we sell mobile software and we sell both cloud services. The one thing that works to our advantage which is that the software and the c loud capabilities they donât overlap. Oftentimes a lot of companies when they start off as a software company and they move to the cloud they are basically re-implementing the same technology in the cloud. And so now they are in a situation where the sales people say,âI used to make more money selling this stuff but I am going to make less moneyâ or âThis product is not yet fully functionalâ whatever.The cool thing is that when we went out and built identity services in the cloud it was completely complimentary to what we currently we did provide from an on premises perspective. So the cloud products were net additive to what we were doing as well. But it was clearly at the time it was like we felt that more and more of peoplesâ infrastructure will move to the cloud but the key philosophy we have which differentiates ourselves from a lot of startups that a lot of startups are saying âWell the world is going to be 100 percent cloudâ and that is not going to be the cas e. If you sell to enterprises that even I 5 â" 10 years it still is going to be a hybrid, they are still going to have some on premises systems, they are going to have some cloud systems. So from our perspective if you want to provide a comprehensive security solution you need to address both data centered cloud and mobile as well with integrated solution. That is what we are trying to do.Martin: Great.ADVICE TO ENTREPRENEURS FROM TOM KEMPMartin: Tom, you have started several companies what kind of big learnings that you have generated over the years which can help people starting a company?Tom: Well I think the key thing is that definitely pick large markets to go after because if you donât 100 percent execute then you still have enough room to be successful as well. I think often times people are like get obsessed with an idea and it turns out that the market is not that big. If you want to start a business from a lifestyle perspective, like if you want to open up a restaurant that serves a certain type of food and then yes, maybe you can make a nice living just with that one restaurant. But if your goal is to create a technology business that you can sell product and technology throughout the world itâs preferable to build something that you think that could have a large total address full market.The second thing is that the importance of the team. Getting really good people. That is one thing I have learned that sometimes throughout my career that when you have made bad hiring decisions it may take you six months to a year to realize that this person is not the right person. Then it may take another 3 to six months to get this person out and you have lost a year as well. One thing I always say is donât cut corners when it comes to hiring. That is so critical. And get people that have also from a hiring perspective, get people that are in sync with you form a cultural perspective as well. That you can communicate very clearly as opposed to potentiall y having like a third party kind of active mediators as well. At the end of the day you donât necessarily have to have beers with your co-workers because other people may have lives and have other things. But you want to be in this situation when you are in a room with those people you need to feel comfortable, you need to respect them in terms of, not only as individuals but also respect their intellect as well. And you donât want to be sitting and thinking to yourself âWell, that person is a Bozoâ. You want to know Bozo zone. Bozo is a clown. But you want people that you respect.It is about the market, it is about the team and then just the passion, desire just to be out there and execute and knock down some walls. So these are the important things. But again the key lessons I have learned throughout the years is be in a good market and sometimes you donât know it is a good market but you have to have that fundamental gut feeling that you do and especially in the early d ays you have got to get a good team.Martin: Thank you so much for your time, Tom.Tom: Thank you very much!Martin: It was a pleasure, thank you for sharing your knowledge. So if you have a business and you think you might have a threat of being attacked by fraudsters, check out Centrify. Thank you!
Thursday, May 21, 2020
Arundel Partners Case Analysis Essay - 1499 Words
Arundel Partners Case Analysis Executive Summary: A group of investors (Arundel group) is looking into the idea of purchasing the sequel rights associated with films produced by one or more major movie studios. Movie rights are to be purchased prior to films being made. Arundel wants to come up with a decision to either purchase all the sequel rights for a studios entire production during a specified period of time or purchase a specified number of major films. Arundels profitability is dependent upon the price it pays for a portfolio of sequel rights. Our analysis of Arundels proposal includes a net present value calculation of each movie production company. In order to decide whether Arundel can make money buying movieâ⬠¦show more contentâ⬠¦In addition, once production started, the studio would inevitably form an opinion about the movie and the likeliness that a sequel would be possible. This would put Arundel at a disadvantage, because they would then have to negotiate the price for sequel rights o n each film produced, while knowing much less than the production studio about the film. What are primary advantages and disadvantages of the approach that was taken by us in valuing the sequel rights? Our analysis of Arundels proposal includes a net present value calculation of each movie production company. Arundel feels that waiting to purchase sequel rights until after the movie goes into production will make it more difficult and costly to purchase the rights. Below are advantages and disadvantages of our approach. ADVANTAGES: - Simplicity - Because all available data was used, there is a greater sample in our analysis. We assume that more data points will lead to a more accurate conclusion. - We did not eliminate any outliers because we felt outliers are characteristic of the industry. - The analysis is based upon historical data rather than fabricated assumptions. - We believe that breaking out the data by studio is an advantage because it provides direction. DISADVANTAGES: - It is assumed that historicalShow MoreRelatedArundel Partners Case Analysis Essay1441 Words à |à 6 Pages----------------------------------- spootyhead Apr 17, 2007 Arundel Partners Case Analysis ----------------------------------- Arundel Partners Case Analysis Executive Summary: A group of investors (Arundel group) is looking into the idea of purchasing the sequel rights associated with films produced by one or more major movie studios. Movie rights are to be purchased prior to films being made. 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The case points out that the IPO market is sometimes characterized as a ââ¬Å"hot issueâ⬠market and that many IPOs are viewed in retrospect as having been ââ¬Å"underpriced.â⬠What might explain these phenomena? Should the Netscape board be concerned about underpricing
Wednesday, May 6, 2020
Global Warming And Climate Change - 900 Words
The Earthââ¬â¢s geography is always shift and changing its malleable form through various processes. Whether it is through Earths natural erosion process or a natural disaster such as an earthquake or a tsunami. Everyone knows about these type of disasters when they happen, but do they know why they happen or what causes them to happen? This can be better explained by what is called Climate Change. There are people today that actually do not believe in climate change. However, one can argue that something is truly happening to our planet as a whole. If you think global warming and climate change mean the same thing then you would be wrong. This is simply because global warming refers to the long-term trend of the warming of the planet. On the other hand, climate change ââ¬Å"â⬠¦encompasses global warming, but refers to the broader range of changes that are happening to our planet. These include rising sea levels, shrinking mountain glaciers, accelerating ice melt in Greenland, Antarctica and the Arctic, and shifts in flower/plant blooming timesâ⬠¦Ã¢â¬ (Tenenbaum, 2016). The rising of sea levels, the shrinking of mountain glaciers, and the blooming times of plants are all consequences of the earth warming. The warming of the planet is caused by the burning of fossil fuels which releases carbon emissions into the air creating a greenhouse effect on literally a global scale. Within the political realm of things, ââ¬Å"global warming and climate change are sometimes used interchangeably, butShow MoreRelatedGlobal Warmin g And Climate Change974 Words à |à 4 Pagesabout global warming, whether it is true or false. Is there evidence to prove that global warming has impacted the climate due to the rise in the earthââ¬â¢s temperature? Climate change is a problem that is worldwide that should be reviewed. The rise in the earthââ¬â¢s temperature has caused some impact to the weather and climate changes to many places worldwide. This rise in temperature has the potential of causing drastic changes to the earth in many ways. It is time to view the global warming concernsRead MoreClimate Change Of Global Warming924 Words à |à 4 Pages Figure 0.1 shows the different effects of global warming. Global warming is the warming of our planet at an extreme rate. The Earthââ¬â¢s climate has warmed by 7.8OC since 1880. (Quick facts about science, 2015). What causes global warming? The cause of global warming is the carbon dioxide. This acts like a blanket. Protecting the earth, and heating the earth. Sun rays would normally bounce around the earth, but with the blanket, the sun rays heat the blanket which heats the earth. (Petersen ScienceRead MoreGlobal Warming And Climate Change1398 Words à |à 6 Pages Global warming and climate change have been frequent topics of discussion over the past several years. Although people tend to focus on the politics, it is important to look past the media aspects of it into the cold hard facts of what our Earth is currently experiencing, and what has caused it in the first place. The cause of climate change includes natural causes, but human causes are what is generating such a rapid global temperature change. Itââ¬â¢s time that the ways in which humanity affectsRead MoreClimate Change And Global Warming1060 Words à |à 5 PagesClimate change (Klaus) 1000 The terms ââ¬Å"global warmingâ⬠, ââ¬Å"climate changeâ⬠or ââ¬Å"greenhouse effectâ⬠have become more than just parts of the popular lexicon as they rather are subject of public discussions, scientific research or political debates. Despite the popularity and the ubiquity of these terms, the publicââ¬â¢s theoretical and conceptual understanding of them and their causal relations is often based on superficial knowledge and buzzwords or caricatures outlined and depicted in several popular mediaRead MoreClimate Change : Global Warming1194 Words à |à 5 PagesDonya Curtis April 19, 2017 English 1001-rough draft Global Warming Global warming is one facet of the broader term climate change. It is the increase in the average temperature of the Earth s surface air and oceans from the mid 20th century and the projected continuation. The Global warming is primarily the consequence of building up greenhouse gasses in the atmosphere. Emission rates for most important anthropogenic greenhouse gas, CO2, have increased 120 fold in the past 140 years. WhileRead MoreClimate Change and Global Warming1074 Words à |à 5 PagesClimate change and Global Warming are out of control. This means that, no matter what policies, processes or actions are implemented, the Earth as we know it will never be the same again. There is significant evidence to support this hypothesis. The dilemma becomes whether we can limit the damage and adapt to a new status quo or not. Rising sea levels and the damage caused by this phenomenon has irreversible impacts on coastlines worldwide. Damage to sensitive reef systems cannot be fixed. This alsoRead MoreClimate Change And Global Warming1022 Words à |à 5 PagesWhat = Climate Change Who = Emma, Aoife, Julia, Rachael, Mariah and Cà ©line What is it? Climate Change is a change in the demographic distribution of weather patterns, and related change in oceans, land surfaces and ice sheets, happening over time scales of decades or longer. Itââ¬â¢s the worldââ¬â¢s greatest threat. Climate change is the change in temperature over a period of time. It involves the greenhouse effect and global warming. Where is it? It is an issue affecting everyone everywhere. ClimateRead MoreClimate Change And Global Warming1474 Words à |à 6 Pagesphenomenon, known as ââ¬Å"smogâ⬠became an often daily occurrence in big, urbanized cites across the globe. Also, Al Goreââ¬â¢s book, An Inconvenient Truth, popularized the issue of climate change and global warming as a result of the damage that the modern world has done to the atmosphere. He noted that people resist the facts about climate change due to the inconvenience of changing their lifestyles. But, uninhibited industrialization of several countries has led to intense modernization and revolution of theRead MoreClimate Change And Global Warming928 Words à |à 4 PagesThis paper will discuss climate change and global warming on the economy. The paper also gives a description on climate change and global warming. As well as what it hold for future business owners. It will also discuss what the government is doing about climate change/global warming. Climate change is a long-term shift in the statistics of the weather (including its averages). For example, it could show up as a change in climate normal (expected average values for temperature and precipitation)Read MoreClimate Change And Global Warming1630 Words à |à 7 PagesClimate Related Threats Global warming will lead to uncontrollable devastation such as famine, war, and economic instability. Climate change will accelerate the dislocation of hundreds of millions of people and the extinction of many species. The negative effects of climate change are obvious on every continent. Professor Le Quere, director of the Tyndall Centre for Climate Change Research at the University of East Anglia said, The human influence on climate change is clear. The atmosphere and
FutureCola Free Essays
The reports answers five questions elated to the case of cola in China. These questions include; 1 How effective is the positioning of Future Cola? ; 2 What are the factors that have contributed to Future Colaââ¬â¢s growth so far? ; 3 How might Coca Cola and Pepsi Co. Respond to Wahoo in the carbonated drinks category? ; 4 What should Wahoo do to anticipate and respond to the next level of competition? ; 5 what other strategies and tactics could Future Cola employ to continue to grow its market share? The author has used different tools to answer these questions including SOOT, PEST, Five Forces Model, Anions Matrix, Core Competencies and Competitive Advantages. We will write a custom essay sample on FutureCola or any similar topic only for you Order Now To measure the effectiveness of Strategic Positioning of Future Cola the author first analyzed its strategic positions using competitive advantage theory followed by SOOT and PEST analysis as well as porterââ¬â¢s five forces model which helped to explore the strengths, weaknesses, opportunities and threats for the business. Also the political, social, economic and technological factors that are contributing to the success of Future cola have been discussed. Also the business environment was analyzed by identifying threats of substitute products, threat of new products, intense rivalries among existing players, bargaining power of appliers and bargaining power of buyers. It was found that Future Cola has become a successful brand and is competing with international brands in China because it has been advertised as a patriotic brand Intelligent. Further Wahoo Group holds vast wholesale and retail network. Also the prices of Future Cola are low as compared to other brand. Pepsi and Coca Cola can meet the rising demand and success of future bola by adopting a localized marketing strategy, lowering prices and introducing new flavors that are close to the taste that Chinese people like. 4 Report also offers recommendation to Future Cola for becoming leader in China and or succeeding globally. These recommendations include; target developing nations, medium calorie drinks as well as drinks with natural ingredients Q-1. How effective is the positioning of Future Cola? Strategic Positioning ââ¬Å"Pretax profit last year at Hangout Wahoo, the Chinese beverage giant controlled by the country richest man Gong Singing, climbed by 18% to 10. 1 billion Yuan, or $1. 6 billion, amid a fall in raw material costs, a company spokesman told Forbesâ⬠. (Forbes, 2013) The Company started its operations in 1987 as a milk factory that was run by a School with the goal of providing children with nutrient drinks. The company is among top five global beverage producers. Future Cola was introduced by Wahoo Group of China in 1998 at the time when carbonated drinks had become popular and this category was covering half of the volume of the soft drink industry. In 1997 the output of cola in China was 1. 36 million with 80% combined market share of Pepsi and Coca Cola. Currently on number three in China and Number five in the world among soft drink manufacturers Wahoo has successfully achieved and maintained its position. (Nancy Dad, 2004) Competitive Advantage The competitive advantage of Future Cola lays in its generic business strategy that fermentation strategy. The Future Cola gained success because the CEO was prepared on how multinationals will respond to this new brand and prepared to compete with response as well increase its market share in the future. (Nancy Dad, 2004) The outward evidence of competitive advantage for Future Cola can be seen in its success in China as third major soft drink in China and high growth in sales. Future Cola is enjoying superior delivered cost position due to low costs 6 international brands and close to the Chinese taste and culture. Positional advantage has many benefits and cannot be exploited In theory, the competitive advantage is described from two perspectives; 1 . Resource 2. Capabilities As regards resources Future cola has competitive advantage that because it has vast distribution network, financial capacity, its manufacturing and distribution network in low cost, has production capacity, it purchases raw material. Capabilities include focused knowledge, orientation of customer service, expertise in design, experience as a food and beverage company, holds trade relationship in China, is able to utilize relevant technologies, capability to design system as well as to response capability. SOOT Analysts Strengths Weaknesses ;Brand name resembling to Coca Cola ;Fifth biggest brand in the world ;Third Major Brand in China ;Chinaââ¬â¢ National Brand ;Vast network of wholesale ;Cheaper than its competitors ;Attractive Marketing Strategies ;Brand Management Skills ;Not an international brand like Pepsi and Coca Cola ;Focusing less on Threats Opportunities ;Great Competition ;Changing consumption trends ;Restriction on carbonated drinks ;Can expand its network to emerging markets and developing nations to ;Can introduce different flavors to grow sales ;Can acquire major players in China Figure I-SOOT Analysis Future Cola Brand name resembling to Coca Cola which is already familiar One among the five biggest brands in the world Third Major Brand in China Established as Chinaââ¬â¢ National Brand Vast network of wholesale Cheaper than its competitors Attractive Marketing Strategies and Brand Management Skills Weaknesses 8 Not an international brand like Pepsi and Coca Cola Can expand its network to emerging markets and developing nations to increase sales and profits Can introduce different flavors to grow sales Can acquire major players in China Great Competition with presence of major brands Changing consumption trends How to cite FutureCola, Papers
Saturday, April 25, 2020
Short Biography Tupac Amaru Shakur free essay sample
Muar Shaker immersed In the culture of the African American urban class at an early age surrounded by economic struggle, political influence and Incarceration. Outpace was born In 1971 and raised In poor Inner-city neighborhoods In New York. Tapes parents Affine Shaker and Billy Garland were prominent members of the Black Panther party. Affine was acquitted on more than 150 charges of conspiracy against the U. S. Overspent but later became addicted to crack cocaine. His godfather was a high ranking Black Panther who was convicted of murder during a robbery and his stepfather spent four years at large on the Bis Ten Misted Wanted sit for having helped his sister escape from a New Jersey penitentiary. Tubas mother encouraged him to develop his creative and expressive capableness by enrolling him in drama school at the age of twelve.Thus, from early on Outpace was taught to succeed in two different worlds by learning the language of the hood, its religiosity, and its culture of survival and struggle along with the intellect verse from formal schooling in the creative arts and print poetry which were the norms. We will write a custom essay sample on Short Biography: Tupac Amaru Shakur or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page In 1985, his mother moved him to Baltimore, Maryland to escape the poverty and difficulties f New York and enrolled him In the Baltimore School for the Performing Arts, where he continued the performance education he began In New York.Tubas outlook was affected by the increasing hopelessness and worsening conditions in Americas inner cities and learned to believe that racism and economic discrimination against the blacks contributed to the poverty. He learned to blame the white race along with the police for these conditions thus developing a leading voice for the urban poor with concerns such as gang violence and challenges single mothers face. He later Ovid to California and articulated these strong feelings and emotions Into words of poetry and black protest music Impacting rap music. IP-hop and black culture A high school dropout, Shaker was an avid reader, familiarizing himself with the work of many social theorists, surprising many who knew him only as a rapper. In the early asss, Shaker became self-destructive and was arrested a number of times for assault and various shootings. On the evening before Shaker was convicted of sexual abuse, he was shot in the lobby In a recording studio in Manhattan blaming it on east coast recording artist Biggie Smalls believing that he had prior knowledge of the shooting and didnt warn him.Following the shooting, Shaker was released from prison early after an appeal financed by record l abel Death Row Records in exchange to release three albums under that label helped spark the East Coast-West Coast rivalry. Six months later Smalls was shot and killed. White and black Americans viewed Shaker differently. Some whites as any people viewed him as a thug gangster due to his legal issues along with some of his lyrics displaying his hate toward white people and the killing of white people. However, these lyrics were directed to racist white people.Half his fans were white and he loved them because he knew that they were not racists. All blacks loved him because he was all about empowerment and recognition for black people. Outpace hated anyone who disliked blacks because he was fighting for equality. He loved every race as long as they were respectful of each other. Outpace Shaker was not a victim of society. He turned himself into a thug . He choose and the consequences for the wrong choices. Your life is what you make of it. Wouldnt we all like to use that excuse? Could Outpace Shakers death have been prevented? I am uncertain that he is in fact dead.It is possible as many have asked that he faked his own death such as the Witness Protection Program would do for his safety after several attempts made on his life. For example, he had no life insurance policies as possibly not to engage in insurance fraud and no will. He had the connections through his mothers political influences to receive plastic surgeries. . In addition, Shaker replaced words in his writings with symbols. He always rapped about dying and being reincarnated as a bigger and better improvement. Maybe he really is reborn again right now among us unrecognizable as Outpace?
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