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You are here: Home / Archives for Management

Management

Kathy Gornik: Why I Sold Thiel…

May 9, 2013 by Ted 16 Comments

*Strata-gee.com EXCLUSIVE*

Photo of Kathy GornikMuch has been written on the changes at Lexington, KY-based Thiel Audio Products Company (Thiel) in the wake of its purchase by a group of Tennessee investors that we first reported last November. Shortly after their acquisition, strata-gee.com was invited to speak with Bill Thomas – one of those Tennessee investors and now the new CEO of Thiel Audio. And a couple of months after that, we had the opportunity to speak with new Thiel interim COO and Board member Bob Brown.

But many Thiel-related reps and dealers kept asking us about co-founder and former President Kathy Gornik. Some of this curiosity was related to rumors that Gornik had been forcibly removed from the respected high-end loudspeaker company that she helped found. And some of the interest centered around an unanswered question, not covered by any of the press (including Strata-gee.com) as to why Gornik decided to sell the company.

Now, Gornik has granted Strata-gee.com an exclusive interview…to tell her side of the story… [Read more…] about Kathy Gornik: Why I Sold Thiel…

Filed Under: Industry Trends, Management, Manufacturers, News, Pivot Point, Strategy Tagged With: Bill Thomas, Bob Brown, Dawn Cloyd, Jim Thiel, Kathy Gornik, Thiel, Thiel Audio

JVC Kenwood Financial Results Miss the Mark…Again

April 30, 2013 by Ted Leave a Comment

JVC Kenwood logoAt the end of last week, JVC Kenwood Corporation released a summary of results for their fiscal year ending March 31, 2013. On the eve of this announcement, the company recast their forecasts for the year to reflect their actual results. In both cases, the news was not good as the company’s results failed to meet both their original…and revised forecasts.

See more on JVC Kenwood’s results…including our analysis of their overall trends… [Read more…] about JVC Kenwood Financial Results Miss the Mark…Again

Filed Under: Asian Connection, Financial, Industry Trends, Management, Manufacturers, News Tagged With: JVC, JVC Kenwood, Kenwood

Layoffs Hit Panasonic Lithium Ion Battery Plant

April 24, 2013 by Ted Leave a Comment

Photo of Panasonic Lithium Ion batteryPanasonic Corp. has laid off 20% of their workforce – or 600 employees – in its lithium ion battery operations, according to a report by the Nikkei yesterday in Osaka, Japan. The move was made in an attempt to help turn the division profitable. The company has also decided to restructure their manufacturing processes as the layoffs alone won’t likely be enough to achieve profitability.

See more on this dramatic restructuring from the struggling Japanese giant… [Read more…] about Layoffs Hit Panasonic Lithium Ion Battery Plant

Filed Under: Asian Connection, Financial, Management, Manufacturers, News, Pivot Point, Strategy Tagged With: lithium ion battery, Panasonic

Core Brands to Significantly Downsize Their Sales Rep Network

April 22, 2013 by Ted 2 Comments

BREAKING NEWS *EXCLUSIVE*

Nortek's Core Brands LogoJust three weeks ago, we had the opportunity to speak with Core Brands Senior Vice President of Marketing Paul Starkey, who confirmed information we had received from multiple sources about an impending announcement of significant changes in the way the company planned to go to market. Starkey confirmed much of the information we had uncovered, especially changes to systems and processes.

But regarding one major initiative we asked Starkey about – that of an extensive restructuring of its sales representative network – he was not able to confirm…at that time.

But that changed last Friday when the company told reps of a major sales force restructuring… [Read more…] about Core Brands to Significantly Downsize Their Sales Rep Network

Filed Under: Brands, Industry Trends, Management, Manufacturers, News, Pivot Point, Sales Reps, Strategy Tagged With: Aton, BlueBOLT, Core Brands, Elan, Furman, Niles, Nortek, Panamax, Paul Starkey, Proficient, SpeakerCraft, Sunfire, Xantech

5 Reasons Why You Should Love the Competition

April 16, 2013 by Ted 2 Comments

Photo of two businessmen arm wrestlingAmanda Dai loves competition. In an excellent blog post on Huffington Post, she talks about competition in a way that sets her apart from a large number of people, including many of my tech industry colleagues. For many of us, competition is the enemy…and we are at war. For others, the competition is someone to be (too) closely watched…so much so that they dictate our actions. “Price Shack has the Mega 456 on sale?!? Drop our price immediately!”

But here is why you should accept…and even appreciate…your competitors… [Read more…] about 5 Reasons Why You Should Love the Competition

Filed Under: Management, Retailers, Specialty, Strategy Tagged With: competition, competitors

Yamaha Launches New Medium-Term Plan; 1st Task? Explain Why Last One Failed

April 10, 2013 by Ted Leave a Comment

Yamaha logoYamaha Corporation last week announced a new medium-term management plan titled Yamaha Management Plan 2016 (YMP2016) which sets forth management’s strategies for the time period of fiscal 2014-to-fiscal 2016. The new plan succeeds the previous Yamaha Management Plan 125 (YMP125) which was just completed March 31, 2013.

First task of the new plan? Explain why the previous plan failed… [Read more…] about Yamaha Launches New Medium-Term Plan; 1st Task? Explain Why Last One Failed

Filed Under: Financial, Management, Manufacturers, Marketing, News, Strategy Tagged With: Yamaha

3vNet to Shut Down; CEO Anderson Launches Automated Control Technology Partners

April 8, 2013 by Ted 2 Comments

BREAKING NEWS

3vNet LogoMike Anderson, CEO of 3vNet announced today that 3vNet’s business is being wound down and would cease shipping all products by December 31, 2013. At the same time, Anderson also announced the launch of an entirely new enterprise called Automated Control Technology Partners, Inc. which is expected to debut at the upcoming InfoComm in Orlando, FL this June.

See more details on this surprising pair of announcements… [Read more…] about 3vNet to Shut Down; CEO Anderson Launches Automated Control Technology Partners

Filed Under: Management, Manufacturers, Marketing, News, Pivot Point, Specialty, Strategy Tagged With: 3vNet, ACTP, Automated Control Technology Partners, Mike Anderson

First Onkyo – Now Gibson Guitar Acquires Majority of Teac; Can Gibson Put the Pieces Together?

April 3, 2013 by Ted Leave a Comment

Graphic showing jigsaw puzzle piecesGibson Guitar Corp. announced last Friday morning at 4:00AM EDST that it would acquire a controlling interest in Japan’s Teac Corp, extending it’s entré into consumer electronics market via newly affordable, if struggling, Japanese companies. Last year, Gibson took a significant minority stake in Onkyo Corp., and additionally purchased a majority share of Onkyo’s American subsidiary, Onkyo USA. Teac, with both a consumer business under the Teac and Esoteric brands, and a professional business under the Tascam brand, broadens Gibson’s consumer and pro initiatives.

Can Gibson put the pieces together into a cohesive – and profitable – group?… [Read more…] about First Onkyo – Now Gibson Guitar Acquires Majority of Teac; Can Gibson Put the Pieces Together?

Filed Under: Brands, Management, Manufacturers, Marketing, News, Pivot Point, Retailers, Strategy Tagged With: Esoteric, Gibson Guitar, Henry Juszkiewicz, Onkyo, Phoenix Capital, Tascam, Teac, Yuji Hanabusa

Electronics Expo Falls into Bankruptcy

April 2, 2013 by Ted Leave a Comment

Electronics Expo logoWayne, NJ-based Electronics Expo, an independent regional retail chain selling quality A/V electronics, has entered bankruptcy as of March 31st. The company, which at one time had as many as eight locations at its peak, is now down to two showrooms and one outlet center at its offices, according to a report by NorthJersey.com. Electronics Expo is owned by Leon Temiz, once a partner with family members in another regional player, Sixth Avenue Electronics.

See the “Who’s Who” list of vendors who were hit in this most recent bankruptcy… [Read more…] about Electronics Expo Falls into Bankruptcy

Filed Under: Brands, Industry Trends, Management, News, Pivot Point, Retailers Tagged With: bankruptcy, Electronics Expo, Leon Temiz, Sixth Avenue Electronics

EXCLUSIVE: Core Brands Set to Announce Sweeping New Initiatives April 1st

March 28, 2013 by Ted Leave a Comment

Photo of Paul Starkey
Paul Starkey
Senior VP of Marketing

Core Brands, a division of Nortek, Inc., will announce sweeping new structural and marketing initiatives this coming Tuesday, April 1st, Strata-gee.com has learned from multiple sources. In a recent post on parent company Nortek, we alluded to sources telling us about impending changes in what was to be a major announcement – literally a fundamental change in the way the company does business.

Find out what Core Brands is set to announce next week… [Read more…] about EXCLUSIVE: Core Brands Set to Announce Sweeping New Initiatives April 1st

Filed Under: Management, Manufacturers, Marketing, News, Pivot Point, Specialty, Strategy Tagged With: Aton, BlueBOLT, Core Brands, Elan, Furman, Niles, Nortek, Panamax, Paul Starkey, Proficient, SpeakerCraft, Sunfire, Xantec

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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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