Journey From Selling To E-Commerce Platform

 

A failed restaurant business in mid-twenties would have been a setback for many, but for Richard Liu Qiangdong, the founder and CEO of JD.com. it was a stepping stone for his next initiative. After a short time of selling healthcare products, Richard Liu stepped into retail, setting up his own ‘Jingdong’ store that sold computer accessories in Beijing, China.

The retail expanded to about twelve stores when Richard faced the next big challenge in 2004, in the form of SARS epidemic that broke out and made face to face interactions with customers who could possibly infected a risky proposition for his employees. The downside was not meeting customers meant drop in revenues and that was a serious challenge.

One of his managers proposed selling to customers online, thus mitigating the risk and still maintaining revenues. Richard Liu quickly pounced on the idea and swiftly observed that online sales were cost effective and spotted the future in e-commerce. Over the next few years, JD.com grew quickly into a online retail giant, taking on big names like Baidu, Tencent and Alibaba in China. Read This Article for additional information.

Growth did not come easily, though. When JD.com started out, the online retail market was plagued with counterfeit products, price mismatches and delayed shipments. The company was short on cash and had to use its resources efficiently. JD.com established policies that won trust among customers and sold only genuine products and delivered shipments to match the price. Delivering on commitments built trust and grew the company fast in the crowded online retail market. Today, in urban china, JD.com could deliver a product order in as little as 6 hours and it could just 3 hours in Beijing !! Customers know exactly when they will get their product. Richard Liu wants to pilot JD.com to the coveted number one spot in the next few years.

Richard Liu, the founder of JD.com holds a graduate degree in Sociology from Renmin University of China and also has an Executive MBA from the China Europe International Business School. Richard Liu Qiangdong views wealth more as a responsibility than as a burden or a blessing. JD.Com is committed to bringing high quality products to China, though JD.com does have a global business and delivery model.

 

More about Richard Liu Qiangdong on https://vivo.brown.edu/display/rl11

The Classic Tale Of A Man Named Vinod Gupta

 

A success story can take many forms in the business world. An individual can be born into wealth and achieve great things, while others come from an unfortunate background and work their way up through society. The latter describes India born Vin Gupta, who dreamed of great things since he was a child. He wanted a good education, and thus he studied at the University of Nebraska in the United States. His journey is further expanded upon in a recent Ideamensch interview.

 

The story of Vinod Gupta truly begins during his post college life. As a fresh college graduate, he was hired by a firm to conduct research. They wanted a full list of any company who might be interested in their product. Considering the time period, he had to compile this entire list from scratch. He spent countless hours researching and finding all the required data. It was at this point when an idea popped into his head of how revolutionary this would be for the average consumer and business alike. Get Additional Information Here.

 

Vinod Gupta completed the task as assigned, but he soon took out a bank loan and pursed the idea of information availability to more individuals. The first step was building up a company named InfoGROUP. He later sold off the company for millions of dollars, and restarted his career from a new angle with Everest Group. In this new position, he can support the advancement of the industry from the sidelines through in high potential start-up concepts.

 

The future of information technology looks brighter than ever. Anyone can find directions, GPS data, pictures, and local recommendation from their smartphone. Vinod Gupta is looks to the advent of smart technology and how it will affect consumers in finding and collecting information. It’s the golden age of information sharing in numerous ways.

 

View source: https://ideamensch.com/vinod-gupta/

 

InnovaCare Health: Rick Shinto and Penelope Kokkinides

About Dr. Rick Shinto

Dr. Rick Shinto’s current position is at InnovaCare Health. He is the president and chief executive officer at the company. Dr. Shinto has more than 25 years of experience in the healthcare industry. Mr. Shinto started his medical career as a specialist of internal medicine and pulmonologist in Southern California. From 1995 to 1997, he was employed at MedPartners as the vice president who was responsible for medical management. He also worked at Cal Optima Health Plan as the chief medical officer. In 2008, he started at Aveta Inc. as a member of the management staff but was later appointed to president of the company. He stayed with Aveta Inc. until the company was acquired in 2012.

Rick Shinto has worked diligently to help individuals receive affordable healthcare, which is why he has won a number of awards. He received the Access for Caring Award and was named the Entrepreneur of the Year in 2012. Rick Shinto was also named a Top Minority Executive in 2018. He also serves on the board of directors at America’s Health Insurance Plans and America’s Physician Groups.

Dr. Shinto received his bachelor’s degree at the University of California at Irvine and his medical degree from the State University of New York. He also has an M.B.A. that he earned at the University of Redlands.

About Penelope Kokkinides

Penelope Kokkinides is the chief administrative officer at InnovaCare Health. She previously served as the chief operating officer at the company. Ms. Kokkinides has more than 20 years of experience developing healthcare plans. She specializes in government programs that include Medicaid and Medicare. Penelope Kokkinides served at Centerlight Healthcare as the vice president and chief operating officer, and she was also the chief operating officer at Touchstone Health. In addition, Penelope Kokkinides was the corporate vice president at AmeriChoice, which is part of UnitedHealth, where she played an integral role in developing the corporation’s health model.

About InnovaCare Health

InnovaCare Health is a corporation headquartered in New Jersey. The mission of the company is to offer sustainable and affordable healthcare plans to those in need. Currently, the company has more than 200,000 registered members and 7,500 network providers. InnovaCare Health offers two primary programs that are MMM Healthcare and PMC Medicare Choice. The company’s Medicare Advantage healthcare plan received the highest accreditation from the National Committee for Quality Assurance in 2011.

https://ideamensch.com/penelope-kokkinides/

Vinod Gupta: The Secret To Business Productivity

 

Vinod “Vin” Gupta can be described as a self-motivated, well-rounded businessman. After the transformation of a $100 bank loan into a $680 million sale of a company, Vin accumulated his vast operational experience to create his current venture, Everest Group.

 

Everest Group majors in supporting the operations of under-performing assets, providing venture capital for the database technology sector and supporting distressed companies to become profitable. Vin is known for his charitable nature, having built a Girls’ school in his village to provide access to Women’s Education and created numerous fellowships for future students in the science, business, and management sectors.

 

According to Vin Gupta, his business changes in accordance with the advancement of technology and the demand for databases on new platforms. Vin admits that the need for location mapping and database technology has risen incredibly within recent years. In future, Vinod looks forward to seeing the methods with which the potentially intuitive technology will provide instantaneous information to individuals who are not aware of the database information they are searching for. Read This Article for additional information.

 

Vin Gupta maintains his productivity by focusing on long-term goals, metrics, and growth, to which he advises that it requires the dedication of time, energy and the thoughts that those long-term goals deserve. Vin mentions that the secret of maintaining a strong team is by frequently engaging the members, keeping them updated with company-related news and also making the members feel like they are part of the bigger picture. He admits that recognizing employees’ input and seeing them as a vital part of the operation’s success highly motivates individuals and makes them feel right about their production.

 

To continuously grow his company, Vin and his team are involved in the combination of poorly performing assets, learning about aspiring technology-based startups and increasing the portfolio of the company. Vin is especially keen on the selection of companies work with and the manner with which to reverse a failing business into a profitable one.

 

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