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Warner announced the cuts at the same time it delivered record profit, which is why the company said it is cutting from a “position of strength.” That language will sound familiar if you read our story about the imminent cuts at Universal Music Group. Universal is about to fire a comparable number of people, but only after a major restructuring that elevated two record label executives, Interscope boss John Janick and Republic chief Monte Lipman.
The $20 Billion Sports Media Problem No One Can Answer
bloomberg.com
All of these are Thunderbolt situations, and Thunderbolts are a prime factor in upsetting the competitive applecart. Whether it is a powerful competitor drastically lowering its pricing or a quality inspector dramatically increasing standards, a Thunderbolt spells immediate adversity forsomeone. Butthatadversityalso carriesa positivecharge: it stripsaway allthenonessentialsand forcesyouback toyourbasic strengths. Adversity shovesyoudowntoyourcorevaluesandbeliefs, to the thingsthatmattermost.Backonbedrock,you find the reasonsand the strength to carryon and carry through.
The Winner Within
Pat Riley
All our partners saw that we were getting traction and wanted to keep our business, so we got better deals, better contracts. We improved customer support, got our price per call way down, and fixed up our knowledge base.
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