The first rule of any technology used in a business is that automation applied to an efficient operation will magnify the efficiency. The second is that automation applied to an inefficient operation will magnify the inefficiency.
Most turnarounds don’t turn.
Maybe we can show government how to operate better as a result of better architecture.
While 2015 was challenging, we implemented many strategic and operational initiatives to improve our business and better position J.Crew for the future.
Where we are really well positioned is that we can bring skills to the party. We can fix factories, we can fix operations, and we have a good geographical presence.
When you buy a company that's been on its butt you raise a lot of money, you instantly put new management in place, but that's the end of the glory for three to five years, grinding it out one day after the other.
To be a good manager, a manager tries to constantly fight to reduce waste.
We really wake up every day trying to build businesses. That is the goal of private equity. It's a misnomer out there that private equity profits by shrinking companies. In fact, it's just the opposite. Private equity creates value by growing great companies.
