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WORDS OF WISDOM FOR ENTREPRENEURS & BUSINESS OWNERS
Business Video Roundup: Noncompetes, Breaking the Rules & Leading with Power
In this week’s roundup of great videos for entrepreneurs and business owners, Veeva Systems CEO Peter Gassner reveals why he thinks noncompete agreements hurt the economy (and why his company banned them), Guga Foods founder Gustavo Tosta talks with Restaurant Influencers about breaking all the rules of BBQ, and CNBC explores how LVMH Moët Hennessy Louis Vuitton became a luxury fashion powerhouse that flourished even during a pandemic. Plus, Diageo Beer Company president Rodney Williams talks about the importance of ethnographic consumer research, while Stanford Graduate School of Business presents a lively discussion between professors Jeff Pfeffer and Dean Jon Levin on leading with influence and power.
Forbes: This CEO Thinks Noncompetes Hurt the Economy
Veeva Systems CEO Peter Gassner sits down for a 12-minute Forbes interview, offering his thoughts on several business topics, including why he believes noncompete agreements hurt the economy (and why he has banned their use in his company).
Restaurant Influencers: Guga of Guga Foods on Breaking the Rules of BBQ
Restaurant Influencers host Shawn Walchef sits down with Gustavo Tosta (aka Guga) of Guga Foods to get the dish on becoming an unlikely hit on social media (to the tune of more than 10 million followers!), dealing with brands, and breaking all the rules of BBQ. What’s one of his best bits of advice for other entrepreneurs trying to make a name for themselves? “You must value yourself because if you don’t, no one else will,” he says. “Listen to me—you have a lot of a value.”
CNBC: How LVMH Became a $500 Billion Luxury Powerhouse
While the vast majority of businesses experienced severe downturns in profits during the pandemic, luxury fashion house LVMH Moët Hennessy Louis Vuitton saw a steady rise. McKinsey & Co. attribute this rise as “revenge spending” from wealthy consumers, but it’s clear that founder and CEO Bernard Arnault’s razor-sharp business acumen and intelligent strategy played a part. In this 20-minute video, CNBC investigates how LVMH became the $500 billion luxury powerhouse that it is today. Take notes.
Keep Your Spirits Up: Consumer, Business Model, and Sustainability Insights
Diageo Beer Company president Rodney Williams engages in lively conversation at the BRITE ’23 conference, discussing how the spirits industry is offering up valuable lessons for businesses in all industries. He also touches on the importance of ethnographic consumer research, sustainability, and the inclusive expectations of younger demographics.
Stanford GSB: “Power” Fireside Chat with Professor Jeff Pfeffer & Dean Jon Levin
Stanford GSB chat about how to lead with power, courtesy of professors Jeff Pfeffer and Dean Jon Levin.
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