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Do You Want The Secret Of Winners? - Day
Fliboard icon A stylized letter F. A Victoria's Secret store display in New York. Victoria's Secret announced that it is closing 53 stores in North America this year. The brand has struggled in recent years — sales have slipped, and its provocative ads are being criticized by some as being tone deaf in the era of MeToo.
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We visited one of its stores to trial the shopping experience first hand. This follows 30 closings in The news came after the lingerie giant's parent company L Brands, released its fourth-quarter earnings results. Read more: Victoria's Secret is closing dozens of stores A spokesperson for L Brands told Business Insider that the company has not yet released a list of store closings. A "Body by Victoria" display was front and center at the entrance. According to Bezos, a day one company's obsessive goal should be to avoid becoming a day two company.
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In his own words, "Day two is stasis. Followed by irrelevance. Followed by excruciating, painful decline. Followed by death. And that is why [for Amazon] it is always day one. So, how do you stay in day one? In his just released letter to stockholders, Bezos outlines the four obsessions of a day one company. See how many of these you subscribe to.
D-Day: The Century’s Best Kept Secret
But in my view, obsessive customer focus is by far the most protective of day one vitality. Even when they don't yet know it, customers want something better, and your desire to delight customers will drive you to invent on their behalf. You don't have to look far or hard to find day 2 companies who have lost sight of this essential truth read United. If you really want to know if you're a day one or day two company, just ask your customers; that is if you're ready for the answer.
I love this one, because proxies are what every large company hides behind when common sense heads for the exits. Bezos nails what has to be the biggest challenge to innovation in every large company--the safe and prescribed path that people use as an excuse to absolve themselves of personal responsibility.
This comes in many shapes and sizes, and it's dangerous, subtle, and very day two. A common example is process as proxy This can happen very easily in large organizations. The process becomes the proxy for the result you want.
You stop looking at outcomes and just make sure you're doing the process right. Bezos warns us to be vigilant of processes.
The process is not the thing. It's always worth asking, do we own the process or does the process own us? In a day two company, you might find it's the second. It never ceases to amaze me how intelligent and apparently successful companies will look directly into a new trend without a clue as to what they're seeing.
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In western France, a village remembers D-Day's 'secret massacre'
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