Business success in the modern world is significantly pegged on innovation. Organizations that are successfully able to differentiate their products or services from those of their competitors are often able to attract a higher number of customers. This is a strategy that Brazilian bank, Banco Bradesco has consistently adhered to throughout its seven decades of existence. Under the leadership of its founder, Amador Aguiar, the bank was one of the earliest adopters of digital technology in the Brazilian banking industry. Currently, the push for innovative differentiation is being driven by Luiz Carlos Trabuco, the bank’s president.
Luiz Carlos Trabuco has spent his entire adulthood at Banco Bradesco. The native of the small city of Marilia joined the large financial institution in 1969 when he was only aged 18 as a clerk. He quickly rose from the entry-level position in the coming years and was soon after working at the lender’s head office in Brazil’s capital. He would go on to become one of the youngest directors at the bank following his appointment to the post of marketing director in 1984. He considerably excelled in the role and will mainly be remembered for growing the bank’s media presence at a time when it was undertaking an aggressive expansion drive. By 1999, he was already being considered by the Banco Bradesco board to become the bank’s third president. The bank, however, decided to go with the more experienced Marcio Cypriano as Luiz Carlos Trabuco was considered to be still too young at the age of 47. When Mr. Cypriano’s time to retire came ten years later, the board finally decided to appoint Luiz Carlos Trabuco to the position.
Read more: Trabuco will assume the presidency of Bradesco’s board; bank to appoint new chief executive in March
Up until the time of Luiz Carlos Trabuco’s appointment as Banco Bradesco president, the primary growth strategy in the Brazilian banking industry was acquiring smaller financial institutions. Unfortunately, however, the economic troubles that plagued the Brazilian economy in 2009 prevented Luiz Carlos Trabuco from employing this move as the strategy to grow the bank. The global financial crisis that had occurred in 2008 had significantly reduced the available investment opportunities in most markets, including Brazil. Consequently, the innovative Trabuco decided to shift to a slower, but still useful, organic approach according to istoedinheiro.com.br. As a result of this strategic shift, Banco Bradesco was still able to open up over 200 new branches and maintain its profitability in 2009.
Luiz Carlos Trabuco continued to employ this organic approach until a viable acquisition opportunity presented itself in 2015. That year, it was announced by HSBC that it would be looking to sell its banking business in Brazil according to folha.uol.com.br. Despite being smaller than some of the other interested banks, Banco Bradesco moved quickly, under the guidance of Luiz Carlos Trabuco, to initiate the deal. The final price agreed upon by both parties was a significant $5.2 billion figure. That said, the multi-billion dollar deal allowed Bradesco to expand at one go what it would have taken the organic approach six years to accomplish. More importantly, it also enabled Banco Bradesco to realistically threaten Itau Unibanco for the top spot among private banks in the country.
What Luiz Carlos Trabuco has accomplished in the 48 years that he has been at Banco Bradesco is no meager feat. It has taken considerable passion and drive. Even as the bank’s president, Luiz Carlos Trabuco continues to set an example for his employees by being in the office for at least 12 hours a day. He also regularly carries on his duties at the bank into business meetings. He also employs leadership style that greatly leans towards mentorship, consequently ensuring that the leadership standard at the bank remains consistently high.
Find more about Luiz Carlos Trabuco: http://www.valor.com.br/financas/5153264/bradesco-novo-presidente-saira-do-corpo-executivo-afirma-trabuco
Three industries are on the rise, e-commerce, technology, and fashion. Last year, revenue from retail e-commerce was at $72 billion. This revenue is expected to increase to $116 billion in the next four years. From adopting social media marketing to implementing CRM technology, fashion brands are exploring all options available to ensure that they capture today’s digital consumer. Membership programs are one of the programs that are being adopted. Its success varies from one company to another but TechStyle Fashion Group has seen tremendous success as a result of this program.
TechStyle Fashion Group is led by Adam Goldenberg and Don Ressler. It is one of the first companies to use subscription programs, yet not many people have heard of it and an even smaller number know the role it plays in marketing and technology.
The first retail fashion membership programed was launched in 2010 by JustFab. Its subscribers enjoyed benefits such as discounts on prices, free shipping, loyalty points, access to special products and exclusive promotions. Within two years, they had 6 million subscribers. The company went on and acquired Shoedazzle and FabKids and expanded into eight countries, among them Germany and the UK. JustFab, together with Kate Hudson, launched Fabletics, and in 2016 JustFab rebranded and changed its name to TechStyle.
Adam Goldenberg has over 20 years of experience in startups. His first startup was an online bulletin board which he started at the age of 13. That board became Gamer’s Alliance, a gaming website. Adam later sold Gamer’s Alliance to Intermix, who later offered him the chief operating officer post at the company. He was only 19 then and became the youngest COO of a public company in history. He later left the company and started Intelligent Beauty, an e-commerce site.
Tim Collins is TechStyle’s Chief technology officer. In an exclusive interview with NewsCenter, he revealed that he had previously worked with the two co-founders, Adam Goldenberg and Don Ressler, and how he was amazed by their focus on building an optimization culture in the fashion industry. He also pointed out that their aim is to satisfy the customers by offering products and user experience that is relevant and more efficient for them. This will, in turn, decrease the cost of acquiring consumers and increase the lifetime value.
The company has invested heavily in technology and is likely to earn an annual revenue of $700 million this year. It has 2,000 employees and its membership stands at 4.5 million subscribers. They are scheduled to launch a new product line mid next year.
Hereditary and environment components alike have the ability to make individuals susceptible to lung cancer. Tobacco smoking is an example of an environmental component that’s known to make people markedly more vulnerable to the emergence of lung cancer. Dartmouth College located in Hanover, New Hampshire has recently been at the helm of research that involves lung cancer, smoking and genetics and how they all work together. Yafang Li, PhD was in charge of the educational institution’s research group. Li wishes to acquire additional genotype information that can help people learn more and more about the relationship between smoking and genetics as they pertain to lung cancer emergence. This research group has pinpointed three hereditary biomarkers that offer in-depth insight into lung cancer cases of all kinds.
Eric Lefkofsky is a noted entrepreneur who works as Tempus’ CEO (Chief Executive Officer) and co-founder. Tempus is the name of a reputable technology firm. This company has constructed a sophisticated operating system that focuses on cancer. Lefkofsky is Lightbank’s founding partner. This is a venture fund that makes investments in all types of upcoming disruptive technologies. This isn’t where Lefkofsky’s work efforts end, either. He’s Groupon’s dedicated Chairman and co-founder. Groupon is a wildly popular ecommerce site that caters to a sizable international audience. People everywhere rely on Groupon in order to get access to substantial deals and discounts. People can depend on Groupon when they want to save money on dining out, haircuts, spa days and more.
Lefkofsky created the Lefkofsky Family Foundation back in 2006. This is a private charity organization. He launched this group with the assistance of Liz, his lovely wife. His goal in launching this organization was to encourage efforts to make lifestyles better for numerous neighborhoods. Lefkofsky is a businessman who has a strong dedication to volunteer work. Charitable missions take up a big part of his daily life. Lefkofsky donates his time as a Lurie Children’s Hospital of Chicago trustee. He does the same for World Business Chicago, the Museum of Science and Industry and, last but certainly not least, the Art Institute of Chicago.
Lefkofsky is an alumnus of the University of Michigan in Ann Arbor, Michigan. He went to the University of Michigan Law School and has a J.D. (Juris Doctor) degree from the acclaimed institution. People can learn a lot more about Lefkofsky by checking out his social media presence on the Internet.