While growing up, Sheldon Lavin always admired owning his business. It is for this reason that he pursued finance related courses. Being a financial guru, Sheldon managed to have a commanding stake in the company when he arranged the financing of Otto & Sons first processing plant which was to be built in West Chicago, Illinois. It is during this involvement that the company changed the name from Otto & Sons to OSI. Presented with a lifetime opportunity, Sheldon Lavin created his significant vision for the company which saw it make a global claim as the world’s best food processing industry.
Currently, OSI Group has over 70 processing plants distributed over 17 countries, with their primary product being protein foods along with sauces and vegetables. According to Sheldon Lavin, the secret to the company’s success is their ability to work as a family. Despite having a hierarchy, their business culture has allowed every employer to feel part of the company. This has allowed the company to remain a successful entity for over a century. The business’s success has always been attributed to Sheldon’s eye for innovation. However, he attributes this skill to his success history in the company.
Over time he had to nurture it for the company to remain active in the global market. Running a big entity as a family can be a daunting task; however, Sheldon Lavin has always strived to make his employees feel loved. One of their approaches is to have lunch together, this has not only ensured they work as a family, but it has built a cohesive approach which continues even to their family. While other companies follow a certain way of passing complaints, Sheldon has always advised his employees to call him by his first name and always to consult him or his business peers when concerned about an issue.
Read more: https://interview.net/interview-with-global-icon-food-executive-sheldon-lavin/
Innovation in the world of investment is critical — to both the investor and the investment management company. Peter Briger is one of the few business executives that have invested heavily on innovations, in an attempt of making investment management gigs successful and more importantly — sustainable. Under Fortress Investment Group, the following are some of the changes he has brought in the investment world.
First, he is one of the few executives that understand the importance of diversification in services. Briger understands that any company in this era must offer more services to different clients. Some of the management services that he had introduced in the management world include the following. Under his watch, the management team has invested in capital markets. Peter Briger understands that this market is the future of alternative investments. He has also invested in operational management.Briger understands that operations in the world of management can make either an investment profitable or a loss-making venture.
Second, he is a believer in technology. According to Peter Briger, technology — if well utilized —is a game changer in the world of investment. In the last two decades, for example, Briger points out that operation in the alternative investment world has developed — to accommodate changes in the tech world. In 2019, it is possible to minimize the operation cost — without affecting the efficiency of a company. However, Briger believes that there is room for improvement as far as technology in technology is concerned. In all his interviews in the last three years, Briger has pointed out that there is a huge need for investing in better technologies — especially in the management levels.
Thirdly, Peter Briger understands the importance of working in teams. From 1998, he has always worked in different teams. Although he is one of the most knowledgeable executives in the investment world, Briger understands the benefits of working in a team. Under Fortress Investment Group, he works with some of the best teams — both at the management level as well as in departments. When recruiting for professionals to work within different departments, Briger is keen on understanding if the potential team members have a passion for investment and more importantly — if they will add value to his team or not.