Word: gap
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...topic of discussion at last week’s meeting was the recently-released Compact on Teaching and Learning at Harvard. The report acknowledged Harvard’s vast pedagogical shortcomings bluntly, writing that with regard to teaching at Harvard “the gap between precept and practice may be especially worrisome.” Framed as a compact between students and teachers, the report offered 18 concrete recommendations. These included adjusting compensation for teaching quality, increasing the importance of teaching in decisions regarding promotions, and providing feedback to professors through peer evaluation and mandatory CUE evaluations...
...from the army of past and present Rhodes with whom I’ve spoken, it is this: The school, fellowship, or academic experience that one person derides is the same one that another person treasures. And that divergence is not accidental; it is the product of the natural gap between self-reflective determination and entitled resignation...
...says Drexler, who fell in love with retail during a summer job at the now defunct Abraham & Straus department store exactly because he wasn't deskbound. After stints at Bloomingdale's and Macy's, he became ceo of Ann Taylor and revived the company, which got the attention of Gap founder Donald Fisher. It has all contributed to an almost eerie command of what's happening around him, such as when he comes across a size-2 polka-dot miniskirt and knows an online customer has been looking...
...system, though, isn't flawless and neither is Drexler. In the fall of 2005, J. Crew stocked heavy sweaters and classic styles, then watched the temperature rise and shoppers recede. Yet that misstep paled next to the one that ended his reign at Gap in the late 1990s, when Drexler overreacted to fast-fashion chains like H&M and took Gap trendy, alienating its core khaki customer. That call, exacerbated by an overaggressive store expansion, led to his forced resignation...
...instead of quickly--consumes Drexler. Last year J. Crew added just 25 stores; this year 35 to 40. "We don't want to be bigger faster," Drexler told analysts. "We want to be better faster." Consider Madewell, a new store that could rival his creation of Old Navy for Gap. Clothes at Madewell are casual (hoodies, bubble tunics) and cost 20% to 30% less than J. Crew's. While Drexler drove Old Navy from zero to $1 billion in sales in four years, the plan at Madewell is slow growth: five new stores in 2007. "We're going to give...