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You are here: Home / Archives for Management

Management

New CEDIA CEO; Ignoring Distractions & Getting Down to Business

March 23, 2022 by Ted 4 Comments

CEDIA Global President and CEO Daryl Friedman (L) looks positively terrified, doesn’t he? [Click to enlarge]

PART 1: Identifying Membership ‘Stress Points’

In a Zoom interview last week, I sought to take more of a measure of the man who now runs CEDIA, its new Global President and Chief Executive Officer Daryl Friedman. We first met, and I first told you about Friedman, back when his selection was first announced to the world just a little over 100 days ago. Friedman was in a series of round-robin press interviews and we only had a few minutes to interact. Now, 106 days later (at the time of this interview) he’s traveled the country, gotten his feet wet, and had much more depth of thoughts to share with Strata-gee readers.

See more on Friedman and his plans for CEDIA

[Read more…] about New CEDIA CEO; Ignoring Distractions & Getting Down to Business

Filed Under: Associations, Education, Integrators, Management, News, People, Strategy Tagged With: CEDIA, Daryl Friedman

Amazon Retreats: Will Close 68 Brick & Mortar Stores in U.S. and U.K.

March 3, 2022 by Ted Leave a Comment

[Photo: REUTERS/Brendan McDermid]

Company Exiting Bookstores, 4-Star Stores, and Pop-Up Stores

Yesterday Amazon announced it will close all of its non-grocery bricks and mortar locations, ending its foray into physical store locations. The company had previously entered the physical bookstore business – a business that many feel its online business destroyed – as well as pop-up stores and its 4-star shops that carried a selection of its best-selling online products. However, the company will keep its grocery stores and a department store concept.

See more on Amazon exiting bricks & mortar retail stores

[Read more…] about Amazon Retreats: Will Close 68 Brick & Mortar Stores in U.S. and U.K.

Filed Under: Dealers, Financial, Management, News, Retailers Tagged With: Amazon

Emerald on the Road to Recovery as Live Events Restart, But It’s Bumpy

February 24, 2022 by Ted 1 Comment

Photo from CEDIA Expo 2021
CEDIA Expo 2021

Emerald Holding Inc., [NYSE:EEX] parent company to Emerald Expositions, which itself is the parent company of CEDIA Expo, and CE Pro (and other former EH Publishing properties) announced this morning their financial results for both their fourth quarter and full year, fiscal 2021. As the company has begun to restart their live in-person events, they reported a revenue gain over fiscal 2020 – a year of almost total lockdown and the absence of live events.

But the gain seems surprisingly small.

See more on Emerald’s results for fiscal 2021

[Read more…] about Emerald on the Road to Recovery as Live Events Restart, But It’s Bumpy

Filed Under: Financial, Integrators, Management, News, Shows & Events Tagged With: CEDIA Expo, Emerald Expositions, Emerald Holding Inc.

Biden Administration Announces Major Supply Chain Mining Initiative

February 24, 2022 by Ted Leave a Comment

The Salton Sea is believed to hold essential minerals needed to boost the supply chain
The Salton Sea in California is believed to be a site rich in essential minerals [Photo: Gabriella Angotti-Jones for The New York Times]

Boosting Local Supply of Essential Minerals

The Biden Administration announced on Tuesday a comprehensive public/private mining initiative that is designed to boost the local supply of essential minerals. These minerals are required in a wide range of strategic products and the administration’s new programs will achieve several goals: they will use new technology to boost the mining of the minerals in new areas of the country, create a large number of good-paying American jobs, and reduce our reliance on China. What looks to be a savvy program, this new initiative partners with key American companies to improve the U.S.’s supply chain structure in order to make it more robust to “build a future that’s made in America.”

See more on the Administration’s plan to improve the supply chain

[Read more…] about Biden Administration Announces Major Supply Chain Mining Initiative

Filed Under: Gov't/Politics, Management, News, Research, Strategy, supply chain, Technology Tagged With: Biden Administration, electric cars, essential minerals, President Biden, President Joseph R. Biden

Supply Chain Kills Exogal, CEO Says

February 23, 2022 by Ted 1 Comment

‘If You’re Watching This…We’re Dead’

If you try to go to the website of Exogal, a high-end digital electronics manufacturer, you’ll end up at a YouTube video titled, “If you’re watching this, we’re dead.” The video consists of Exogal CEO Jeff Haagenstad looking directly into the camera and explaining to viewers that the company has died..and why that happened. It’s a cautionary tale for all manufacturers who are universally buffeted by supply chain issues – especially the worldwide, multi-industry chip shortage.

See more on how the supply chain took down Exogal

[Read more…] about Supply Chain Kills Exogal, CEO Says

Filed Under: Brands, Financial, Management, Manufacturers, News, Products, supply chain Tagged With: chip shortage, Exogal, Jeff Haagenstad

Onkyo Announces Two Subsidiaries Will Cease Operations & File for Bankruptcy

February 17, 2022 by Ted 5 Comments

One of the products to be sold in Onkyo’s new direct-to-consumer business

Onkyo Home Entertainment Company Ltd. (formerly Onkyo Corp.) has announced that two of its consolidated subsidiaries will cease operations and file for bankruptcy. It is yet another dramatic development in the company’s effort to stop the bleeding and stabilize the company. But substantial concerns exist about the company’s ability to continue as a going concern.

Learn more on these shuttered Onkyo subsidiaries

[Read more…] about Onkyo Announces Two Subsidiaries Will Cease Operations & File for Bankruptcy

Filed Under: Asian Connection, Financial, Management, Manufacturers, News, Strategy Tagged With: bankruptcy, Onkyo

Sound United Acquired by Medical Products Maker Masimo Corp. in $1B Deal

February 16, 2022 by Ted 9 Comments

Masimo website home page
Masimo Corp’s website [Click to enlarge]

BREAKING NEWS

Sound United, LLC, one of the audio industry’s leading providers of high-quality branded electronics and loudspeaker products, announced late Wednesday that it is being acquired by Masimo Corporation, a global provider of medical products, in a deal valued at $1.025 billion. The two companies have entered into a definitive agreement in a transaction that is expected to close later in 2022.

See more on Masimo acquiring Sound United

[Read more…] about Sound United Acquired by Medical Products Maker Masimo Corp. in $1B Deal

Filed Under: Brands, Financial, Management, Manufacturers, News, Strategy Tagged With: acquisition, Masimo, Sound United

Sonos Has Another Record Quarter…But Just Barely

February 10, 2022 by Ted Leave a Comment

Revenues Up 3%, But Net Income Drops 6.7%

Sonos Inc. released the results for their fiscal 2022 first quarter on Wednesday and the results were mostly mixed. While a quarterly revenue record was set, net earnings dropped. CEO Patrick Spence called it “an excellent quarter, with record-setting revenue” but the tone of the company’s management seemed slightly more muted on a conference call with financial analysts as compared to previous such events. Perhaps this was because their financial performance was slightly more muted as compared to past quarters.

See more on the Sonos finanical results for Q1 2022

[Read more…] about Sonos Has Another Record Quarter…But Just Barely

Filed Under: Brands, Financial, Management, Manufacturers, News Tagged With: Brittany Bagley, Patrick Spence, Sonos

Don’t Revamp Your Business for the Latest Fad Guru; Be Your Own Guru

February 10, 2022 by Ted Leave a Comment

business guru at a trade conference

GUEST POST: All It Takes is Common Sense to Improve Your Biz

Recently, an integrator I know goes to a trade conference. The principal hears a presentation on a new way to run his business, which is already generating a solid $5-6 Million in revenues. The presenter, a sort of business guru, is impressive and has authored a book.

This guru has a “system” he wants to sell you on…

[Read more…] about Don’t Revamp Your Business for the Latest Fad Guru; Be Your Own Guru

Filed Under: Financial, Integrators, Management, Manufacturers, Strategy Tagged With: best practices, Bob Brown, guru

Sony Forecasts a Record Profit; Says NOT Entering the Car Building Biz

February 3, 2022 by Ted Leave a Comment

New Financial Info Shows Sony Continues to Transform Biz

On the eve of closing out their current fiscal year (fiscal 2021) on March 30, 2022, Sony Group announced their latest financial results for the first nine months of the fiscal year…and included a surprising new upgrade of their forecast, now saying they’ll have a record operating profit for the year. This was a high note for the company, a company that has benefitted from consumers spending more time at home playing video games on their PlayStation, thanks to the COVID-19 pandemic.

But the company also answered the question that many – including me – had about Sony entering the automobile business via their new Sony Mobile division – and in so doing, reiterated their plan to move away from a hardware-centric business.

See more on where tech leader Sony is headed

[Read more…] about Sony Forecasts a Record Profit; Says NOT Entering the Car Building Biz

Filed Under: Asian Connection, Financial, Management, Manufacturers, News, Strategy Tagged With: COVID-19, Sony

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Ted Green Bio

A former dealer, manufacturer, distributor & more. Focusing on business strategy, my goal is to help you make better decisions for greater success.

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