Wisco Weekly

Billions of dollars will enter the ledgers of public transit agencies and departments. Will money be allocated to protect union jobs or to future proof a transit operation? Tune in to hear from a public transportation veteran, and author of the book The Future of Public Transportation, Paul Comfort.

 

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In the aftermath of the COVID-19 crisis, transactions of new vehicle sales at dealerships have slowed to a crawl. With increased economic uncertainty, many potential customers are dissuaded by heightened fears of buyer's remorse, or worse, depreciation in the value of their vehicle purchase. But what if there was an alternative? In this episode, host Dennis Wisco is ecstatic to welcome Mr. Boone Park, General Counsel and Co-Founder at Fair, a groundbreaking tech start-up that is revolutionizing how consumers can engage with flexible and affordable transportation solutions - without the grueling commitment of a six-year payment plan. Tune in as Dennis and Boone delve into a myriad of topics, like the evaluation of smart business decisions, reimagining the used-car marketplace, and the advantages that thoughtful business models with strong legal grounds carry when navigating ever-changing regulatory challenges.

Mr. Boone Park is a brilliant entrepreneur and experienced attorney who has seamlessly integrated these strengths while building Fair. Mr. Park studied at the U.S. Military Academy at West Point before continuing to the University of Kentucky, where he earned his undergraduate degree Summa Cum Laude, and later his Juris Doctorate. Before Fair, Mr. Park was involved with the legal operations at fellow start-up TrueCar. Today, he is one of the most knowledgeable attorneys in auto-regulatory compliance in the United States. He is a passionate advocate for new business models and delights in spending much of his free time at home in Santa Monica with his two wonderful toddlers.

Fair Financial Corporation is a fin-tech company that challenges traditional car ownership by offering innovative alternatives. Founded in 2016, Fair set out with a mission of mobility and flexibility adapted to meet the needs of a new millennial car-user base. As one of the first-ever car "subscription" services, Fair partners with dealerships to offer the perks of a used car lease, and the flexibility of a rental service, to users of all ages who seek reliability and comfort without the binding commitment of a long-term contract or lease. They aim for transparency and user-friendliness, and do a great job to meet their standards with Pay-As-You-Go plans that start for terms as small as one month, an easy-to-use app, and an extensive stock of vehicles of all price points available to subscribers. They currently operate in California and Florida and seek to expand their services to other geographical spaces in the near future.

Tune in to this episode to learn more about the legal, logistical, and regulatory challenges (and benefits) encountered by Fair and other non-traditional business models in automobility. Despite regulatory challenges, Fair has championed the innovative business model of used car lease subscriptions and carved out a whole new customer base. As we step into a new normal, the proliferation of such business models is critical in shaping the movement of people and goods.

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When businesses allow themselves to reshape the rules they play by and explore new horizons, the possibilities of business innovation are endless. Too often, companies fall into a pattern of sameness, and problems become stale as they cycle through the same old systems of thinking. In this episode, host Dennis Wisco welcomes world-class innovator Erez Tsalik onto the show for Wisco Weekly’s first-ever live-audience recording to discuss top problems that businesses are facing today, potential avenues towards lasting solutions, and ways to reimagine business model innovations as a critical investment.

Erez Tsalik is an expert problem-solver currently serving as a Senior Facilitator and Account Manager at Systematic Inventive Thinking (SIT), where he facilitates many aspects of business operations, including New Product Development, Marketing Communications/Advertising, Problem Solving, and Innovative Strategy. Mr. Tsalik is a leading presenter and trainer in the areas of creativity and innovation, and he has lectured at top academic institutions worldwide, including Tel Aviv University, Columbia University, London Business School, and Hong Kong University of Science and Technology. He has contributed to projects with leading international clients, including Disney, Airtel, Kraft, and more. He has a wealth of experience working in developing markets and with social and environmental organizations. He is passionate about helping industry leaders identify solutions and has an aptitude for directing change-making conversations towards thinking inside the box, and in 2018 was invited to deliver a TEDx Talk in Klagenfurt on “The Advantage of Thinking Inside the Box.”

For more than 25 years, Systematic Inventive Thinking (SIT) has been a leader in the field of global innovation. Headquartered in Tel Aviv, Israel, with offices and affiliates in more than 70 countries, SIT offers transformative services including Digital Transformation, New Product Development, Innovation Training, Scouting, and more. Their cornerstone innovation is their unique research-based methodology registered under the same name, which is a disciplined approach to provoke novel thinking and manage organizational change as it is implemented. Today, SIT offers groundbreaking solutions to over 1,400 companies worldwide.

Tune in as Dennis and Erez discuss fixedness, innovation, small business strategy in the time of COVID-19, and so much more. Unequivocally, an investment in innovation is the key to sustaining the business models for the mobility of people and goods for the future.

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With so many unknowns about the future, it’s a gamble to run a business today based on what may happen tomorrow. In less than two months, the world as we know it has turned upside down, and more than ever, dealerships are scrambling to find creative ways to stay afloat. In this episode, host Dennis Wisco welcomes a leading authority on dealership management strategies, Dale Pollak, to discuss insights on the current financial landscape, and ways that businesses can reshape their sales operations by engaging with the volatile used car market during and  through the aftermath of the COVID-19 crisis.

Dale Pollak is a demonstrated entrepreneur and a graduate of Indiana University’s Kelley School of Business, where he earned his B.S. in Business Administration. Shortly after undergraduate school, Dale continued to DePaul University’s College of Law to earn his law degree and also graduated from the General Motors Institute of Automotive Development. He is a four-time winner of the American Jurisprudence Award for top performance in his class.

In 2005, Dale founded vAuto, which would later be acquired by Cox Automotive, the company that he now serves as Executive Vice President. Dale has authored multiple automotive books including his latest title, “Like I See It: Obstacles and Opportunities Shaping the Future of Retail Automotive” which was released in 2017.

Tune in as Dennis and Dale discuss supply chains, the mantra that cash is king, and how businesses can redefine success in an ever-changing market to make smarter decisions that ensure their survival in a time of financial crisis. In such an unprecedented time, it is critical for dealerships and other small businesses to reflect and adapt to the business models for the mobility of people and goods.

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Re-opening the economy using location data

Managing credit during an economic crisis

Ridesharing has plateaued. Agree or disagree.

2020 update on why the car biz still has a future

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Dale Pollak  |  Blog  |  Email

Cox Automotive  |  Webinar Replay

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[vc_row][vc_column][vc_column_text]For over a month now, cities across the United States have been locked down, and the economy has come to a halt due to COVID-19. With many Americans working from home, and more still not working at all, one critical question looms on the horizon - How much longer until precautions will be lifted, and folks can resume normal patterns of movement? In this episode, host Dennis Wisco talks to the Managing Principal of Digitalization for ümlaut, Stephen Xu, to discuss his company’s efforts to make projections based on data science analysis of billions of global data points over the past few months.

Stephen Xu is a well-rounded consultant and digitalization expert, who has worked at ümlaut since 2010. As the Managing Principal of Digitalization, Stephen leads a group of data scientists, product managers, visualization engineers, and consultants to provide digitalization consultation solutions to Fortune 500 clients in the realm of connectivity, automotive, data monetization, and more. Stephen was born in China and holds a Bachelor of Mechanical Engineering from Shanghai Jiao Tong University, as well as a Masters of Engineering from the University of Michigan. He speaks English, German, and Mandarin.

ümlaut is full-service, cross-industry consulting firm that offers fulfillment services to clients all over the world. Founded in 1996, ümlaut has offices in over twenty countries and relies on the expertise of their diverse team members to provide interdisciplinary solutions across all industries, to both public and private sector clients. They develop organizational cultures, structures, and processes. During the present COVID-19 crisis, their team of data scientists have been active in analyzing trends in app usage and travel patterns to craft informed projections for their clients. Their name, ümlaut, comes from the German “ ¨ ” notation, because like the accent marker, umlaut always “adds something on top” for their clients.

Tune in to this episode as Stephen and Dennis take a look at the trending data metrics and ümlaut’s projections on reopening the US economy. From location data and heatmap metrics to business and education app usage, data analysis provides unprecedented insight to businesses to consider during this uncertain time. However, just as important as data analysis for businesses and marketers, Stephen urges listeners to adhere to local government orders, as well as look towards other countries who are ahead of the curve.

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