Quoted – How to Lead like Oprah – Forbes

Oprah Winfrey at her 50th birthday party at Ho...

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In the last season ofOprah Winfrey’s 25-year-long television program, The Oprah Winfrey Show, the queen of media has been looking back with nostalgia on what she’s built—a global audience and a $2.7 billion net worth—and forward with excitement to what lays ahead. She transitions from network TV to cable in January to cut the ribbon on the Oprah Winfrey Network (OWN), which is arguably the pinnacle of her career. She didn’t get here by chance, of course. She led the way.

“She’s the ultimate self-made business leader,” says Scott Testa, a professor of business administration at Cabrini College in Philadelphia, Penn. “Her basic leadership style is unparalleled and incredibly effective.”

“You can’t build a business by yourself,” says Testa. “She really knows how to motivate people.” Oprah’s people strategy is simple. She invests in top talent, seeks out smart mentors, values her customer and consistently nourishes each relationship.

Like every great leader, Oprah has become the best by surrounding herself with the best. She carefully selects her top team to assure competence and compatibly, and then stands by them. Success stories like Rachael Ray and Dr. Phil remain under her management. She also seeks out mentors that she admires who will offer her guidance. Early in her career, attorney Jeff Jacobs advised crucial contract deals and helped her launch her company, Harpo, which has been the key to her wealth. Moreover, Oprah allies herself with other power players, from celebrities like Julia Roberts to politicians like the Obamas.

“She became a billionaire by spreading the wealth,” says Testa. Not only did she often spontaneously give to people in need who came on her show, she established several philanthropic efforts that bettered the world. Her motivations were at times questioned by the press, but giving back allowed her the credibility to continue growing her wealth. She launched the Oprah Winfrey Foundation, a school in South Africa and an audience-mobilizing effort, Oprah’s Angel Network.

http://blogs.forbes.com/jennagoudreau/2010/10/22/how-to-lead-like-oprah-winfrey-own-rachael-ray-dr-oz-phil/

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Quoted – Time for a successor to Oprah? Who will it be? – Forbes

Winfrey on the first national broadcast of The...
Image via Wikipedia

Oprah, the media mogul who’s one of the most influential women in the world and also one of the richest, has reached a level of success that’s not easily replicated. But now that the queen of talk is pursuing a more behind-the-scenes role with The Oprah Winfrey Network, there may finally be room for a successor.

But it won’t be easy to fill her shoes. The key to Oprah’s vast wealth–Forbes estimates her net worth at $2.4 billion — has been in owning her brand. Her unique mix of drive, popular appeal and business savvy sets her apart from most mere talking heads.

“She has multiple revenue streams that allow her to leverage her brand better than anyone on this planet,” says Scott Testa, an entertainment industry consultant and marketing professor at Cabrini College in Philadelphia.

But she’s not the only one who has extended her media empire beyond a single talk show.

Rachael Ray got her start in 2001 as a chatty cook on the Food Network’s 30-Minute Meals. Today Ray hosts a syndicated hour-long talk show, The Rachael Ray Show, in addition to 30-Minute Meals and other specials for the The Food Network; she also publishes a magazine, Every Day With Rachael Ray. She’s written more than 20 cookbooks, has launched several successful food product lines and endorsements and created Yum-o, a nonprofit organization that provides food to needy families and funds cooking education and scholarships.

Testa calls Ray a “strong and interesting” candidate to be the next Oprah, adding that she’ll be especially successful if she expands her audience beyond foodies.

Could the next Oprah be a man?

Ryan Seacrest, Dr. Phil McGraw and Dr. Mehmet Oz could be considered top contenders. Now a household name, Seacrest hosts the mega-successful American Idol, hosts and produces shows on E!, has a syndicated radio show and reaches more than 3 million followers on Twitter. Meanwhile McGraw and Oz have cornered niche markets in daytime after getting their starts as experts on The Oprah Winfrey Show. Both launched hour-long talk shows that reach several million viewers per day, and have healthy online followings.

But Oprah is ultimately a feminine force, and it’s hard to imagine women connecting with these men with the same intensity. “It would be very hard for a male to do what she has done,” says Testa. “Her female audiences are very loyal to her, and they spend money on her magazine and the products she endorses.”

http://www.ctv.ca/servlet/ArticleNews/story/CTVNews/20100513/oprah-successor-forbes-100516/20100516

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Quoted – What is your Supermarket IQ? – Everyday with Rachael Ray

Rachael Ray Mag
Image by Bekit via Flickr

Rachael Ray and I go shopping in the supermarket. . .

Whether you think you’re a grocery shopping whiz or you feel overwhelmed just pulling into the parking lot there has never been a more important time to know your way around the aisles.

1. Where can you find the cheapest products on supermarket shelves?

Brands pay to display their wares at eye level and at the end of each aisle because this can increase sales by an estimated 15-20 percent. “These brands can afford the slotting fees, as they tend to be pricier, “says Dr. Scott Testa Beware of tie-in sale tricks in these areas: On-sale tortilla chips will be placed alongside regular-priced jarred salsa.

2.  Grabbing nonfood items like mouthwash and toilet paper at the supermarket may be convenient, but it’ll cost you. Thes items are priced 20 to 40 percent more than they are at national superstores. ‘Big companies like Wal-Mart buy large quantities so they get better deals and can charge less compared to a regional supermarket that buys less and pays more per unit,” explains Testa.  Since it’s a pain to make an extra trip just for toilet paper, buy thes goods at the supermarket only when they are on sale.

Rachael Ray Magazine

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