Eric Lefkofsky recently acquired a new position. According to a report from DRIVIN, Eric will serve on the company board of directors. The report also indicates that Eric Lefkofsky will be taking his position immediately. Lefkofsky is known to many as the co-founder and chairman of a company known as Groupon.
DRIVIN is a very popular startup that was established several years ago to bring changes in the car industry. The institution has been focusing on achieving this goals by using the latest technology in all their operations. With the new technology, the dealers will be able to source and acquire cars for their clients in the competitive industry.
Eric Lefkofsky is a serial entrepreneur who has achieved a lot in several sectors. Lefkofsky has made several investments in several organizations in the country. Erick has worked with Groupon for several years, and he is also considered to be one of the co-founders of DRIVIN. The successful entrepreneur has made his investment in the company through an organization known as Lightbank.
Lightbank is a powerful venture capital organization that focuses on investments made in the disruptive technology. The successful organization was established by Eric Lefkofsky and Brad Keywell, his close business associate. Under his leadership, Lighthouse has been doing well, transforming the lives of many people in business.
While accepting his latest appointment, Eric Lefkofsky said that he was happy to be part of the board of directors at DRIVIN. He also said that the organization was dedicated to bringing the change needed in the used car department. As a member of the board of directors, Eric Lefkofsky said that he would work closely with the top management to advance the mission of the company to deliver high-quality services to the investors in the growing industry.
DRIVIN has been in the car industry for a while now. The institution specializes in the growing trends, and its greatest concern is the car purchases the cost of new vehicles in the modern times has increased significantly. Most of the consumers are not able to buy new vehicles, and this is why DRIVIN wants to make sure that all consumers get quality cars. The organization has partnered with investors and business associates from different parts of the country to make sure that this mission is accomplished. The team has also integrated the latest technology in its operations to ensure that everything runs smoothly. Eric Lefkofsky will work hard to make sure that the company achieves its dreams.
There is no denying that business practices have changed a lot over the years. Previously, it was easy to wait the whole year for projects central to a business to be completed. However, things have been really changing and this is creating issues with the reporting practices. Currently, many companies are finding it easier to create shorter and more convenient project time tables, which are also affecting the type of feedback given. The annual reports are being thrown out the window in favor of more short term reporting practices.
The CEO at Scoutahead, Raj Fernando feels that employers are moving more in favor of employees getting the random checks into their progress for a number of reasons.
- For the annual report to be created, resources like time, human resource and labor have to be invested into the process.
- The results of the annual reports tend to be restrictive because the creativity of the employees is inhibited a lot in the process. This leads to the working environment turning adversarial, especially on the people that carry out the reporting.
- The outcome of the process is usually employees feeling somewhat undervalued, especially after a year of hard work. This increases the annual turnover
The Harvard business review notes that the conventional annual reports have been abandoned altogether in favor of talent development of company staff. The companies realized that to beat their competition, they had to search among their ranks to find the person who would best fit various positions, hence the talent based search. Since businesses have moved away from annual cycles and are focusing on short term projects, the annual reports no longer make sense.
About Raj Fernando
Raj is the CEO and founder at Scoutahead. He was at the helm of Chopper trading before he created the current company. The long journey he has taken to economic success started with a job as an employee at the board of trade in Chicago. Chopper trader was started after the successful sale of the first business. His successful resume reflects his intelligence as a business leader.
For more details please visit http://www.rajfernando.com
Don Ressler is the brains behind Intelligent Beauty Company. Back in 2001, Intermix Media bought his first start-up, FitnessHeaven.com. He then collaborated with Adam Goldenberg, who was Intermix Media’s Chief Operating Officer at that time, to form Alena Media. This joint venture focused on performance advertising and e-commerce. It amassed millions of dollars in revenue and was the only revenue source for Intermix on latimes.com. In 2005, News Corp bought Intermix. Several months after this acquisition, Ressler, Goldenberg, and other Alena members came up with Brand ideas, which resulted in the formation of Intelligent Beauty.
Intelligent Beauty’s first creation was known as DERMSTORE. This creation focused on online cosmetics and skincare products. Intelligent Beauty also deployed to the market a weight-loss system known as SENSA on entrepreneur.wiki. Dr. Alan Hirsch was hired for SENSA product development while Brett Brewer, who founded Intermix, was hired as the CEO. Intelligent Beauty received $43 million from Technology Crossover Ventures as funding in 2008. The company later launched its third creation known as JustFab in 2010 that also received $33 million. JustFab is a recognized online subscription retailer that targets emerging markets. It bought a fashion subscription service for kids known as FabKids and a European e-commerce site known as Fab Shoes.
Don Ressler and Fabletics
Fabletics is an activewear brand created in 2013 that primarily sells its products through e-commerce business models. The brand offers the latest fashion in athletic wear at a cost effective price. To be precise, full outfits for VIP members retail at $4.95. Fabletics’ products target people who engage in physical fitness exercises regularly. It is a part of the brand portfolio of JustFab. Fabletics generates 30% of JustFab total revenue.
Don Ressler is the CO-CEO of JustFab who is passionate about fitness. In an interview with brandettes.com, Don mentioned how he participated in college athletics together with his wife. He also pointed out how Fabletics is on the verge of creating fashion-athletic products. In the interview, Don also spoke about the recently launched FL2 brand, clothing line for men. Don Ressler said that the clothes are suitable for men, who are working out in the gym or teaching their kids to play football. When asked about expanding the business to retail stores, he said that his company is also looking forward to serving clients who prefer retail to e-commerce shopping. This plan confirms that Don is committed to meeting the ever-changing fashion preferences and needs of his clients.
Learn More About: https://pando.com/2014/08/28/breaking-justfab-raises-85m-at-what-sources-say-is-a-1b-valuation/