Saturday, January 4, 2020

Russell Simmons - 787 Words

Russell Simmons has been successful because he turned an idea into an opportunity. Mariotti and Glackin (2013) states while Russell attend college he saw an opportunity in the underground music genre Hip-hop (p.154). From that moment on Russell knew he could capitalize off hip-hop. Not only did Russell take a chance on an opportunity, he formed a great record label with his friend Rick Rubin called Def Jam Records. However his success did not stop there Russell went on to create a clothing line, Rush Communications and many other ventures. With his knowledge of street entrepreneurship and the philosophy of â€Å"keeping it real† (p.154-155), Russell Simmons was able to promote his ventures with great success, making him one of the biggest†¦show more content†¦Russell not only made hip-hop mainstream he gave youths around the world artist they could relate to such as Run DMC. Run DMC was a good group to market because they stayed true to their roots and their fas hion was part of the hip-hop culture. Russell marketing advantages did not stop there. He realized that the clothing that the youth were wearing was making a statement of who they were. It was then Russell created and promoted the clothing line Phat Farm. Phat Farm is urban apparel that the urban youth embraced because it represented their lifestyles. By Russell good marketing strategies more consumers were embracing and purchasing the products that they were becoming familiar with. Further more Russell Simmons urban roots also gave him an advantage with the youth on political issues. Mariotti and Glackin (2013) inform readers that in 2002 Russell organized a youth summit at New York City Hall to protest the then mayor proposal to cut the education budget (p.155). Russell new if he marketed the event through social media, radio and TV networks he could get the youth attention. Being that Russell had the information and associated artists such as Jay-Z and Alicia Keys to address the issues, 20,000 youth showed up to support the cause. Around 1985 Russell Simmons invested $5000 to start Def Jam Records. However in 1999 he made the decision to sell his business to Polygram records for $100 million giving him a return on investments of 2 millionShow MoreRelatedMinority entrepreneurs have many barriers they have to overcome in order to be successful. Some1100 Words   |  5 Pagesinvestors. They also generally live in run down areas, with poor schooling and less access to successful people. One entrepreneur who has hurdled over all the barriers and became extremely successful is Russell Simmons, the co-founder of Def Jam Records. Biography of Russell Simmons Russell Simmons was born in Queens, New York, on October 4, 1957. Growing up in Queens, he spent part of his adolescent years as a street hustler. During his middle school years, he sold marijuana and was even a memberRead MoreHip Hop Dance : Dance1287 Words   |  6 Pageslocking, and breaking. Some of the great artists and producers that have had a big influence on hip hop from the time period of 1970-1979 and 1980-1989 are: Grandmaster Flash, Russell Simmons, The Beastie Boys, and Dr. Dre. From 1970- 1979 other than Dj Kool Herc and Afrika Bambaataa, Grandmaster Flash and Russell Simmons also known as â€Å"The Hip Hop Pioneer† had a huge influence on Hip-hop dance. Grandmaster flash was taken under Dj Kool Herc’s wing. He began to work on a new and revolutionary techniqueRead MoreHip Hop : A Cultural Force1568 Words   |  7 Pages1970’s. Hip-hop has since become a multifaceted cultural force. It’s more than just music some people say and others th ink it is negative promoting bad things for young listeners. Now hip-hop is something people can relate to. 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When re-asked the same question, he exasperatinglyRead MoreThe Fusion Party And The Election Of 18962022 Words   |  9 PagesNorth Carolina. For the first time since Reconstruction, a Republican governor was elected, Daniel Russell. Russell was a leader of the Fusion party and won the state election with 46.57% of the vote, beating out the Democratic candidate, Cyrus B. Watson. Daniel Russell was raised in a family with unusual political beliefs, including an opposition to secession during the years of the Civil War. Russell gained an interest in politics, joined the Fusion party and ran for governor, known as a man whoRead MoreThe Power of Hip-hop in the Business World Essay2228 Words   |  9 Pages but after a while it occurred to Russell Simmons, the president of Run-DMCs label Def Jam Records, that the group should be getting paid for the promotion they were giving to Adidas. He approach ed the German shoe company about kicking in some money for the acts 1987 Together Forever Tour. 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