Tourists love to shop and there are few markets where retailers are stronger than in Miami. The city is experiencing record levels of domestic tourism and an influx of new residents. Its markets have flexed their retail demand muscles with six consecutive quarters of positive net absorption, according to Marcus & Millichap’s Q2 report.

Adam Hendry is CEO of Tzadik Properties, a multifamily property management company based in Miami, FL and Sioux Falls, SD, and one of the largest owner-operators in South Dakota. Hendry has more than 15 years of progressive management experience in the real estate and property management industry, with an emphasis on strategic planning and the establishment and management of long-term strategic partnerships.

:palm-tree: Miami Mayor Francis Suarez on Thursday made an appearance on Fox Business where he discussed Miami’s booming economy, referring to it as “on fire,” as the city posts repeated increases in real estate sales, an influx of new jobs, and the welcoming of tech businesses from states like California and North Carolina. Miami in recent years has made its mark as a burgeoning tech city, being named one of the top cities in America for eCommerce business. The city has managed to carve out a niche in the cryptocurrency space, with the creation of a cryptocurrency specific to the area: MiamiCoin. “It’s on fire,” said Suarez. “Our tax base grew by 12 percent year over year. We’ve transferred over $2 trillion in assets under-managed companies in the last two years. Our venture capital pipeline grew by 400 percent year over year. It’s amazing what following some basic principles will do for a city like keeping taxes low, keeping people safe, keeping homeless low. We are at a 2013-year low in homelessness where our tax rate is at a 1960s low and our homicide rate is at a 1950s low.”

What passes for strategy in many businesses, government agencies, and military operations is ultimately just a mix of wishful thinking and a jumble of incoherent policies. In The Crux: How Leaders Become Strategists, UCLA professor emeritus Richard P. Rumelt argues that leaders become effective strategists when they focus on challenges rather than goals, pinpointing the “crux” of their pivotal challenge—the aspect that is both surmountable and promises the greatest progress—and taking decisive, coherent action to overcome it. I had the chance to connect with Professor Rumelt recently to discuss his paradigm-busting theory about strategy and how companies big and small can identify and surmount their biggest challenges.

Imagine a world where manufacturers don’t test that things work properly. Where no tests are run, apps fail every second, and electronic products are sold with no guarantee that they’ll function properly. While this is far from a dystopian nightmare, it’s not ideal. If Quality Assurance didn’t exist, we wouldn’t dare to ride a roller-coaster and only the brave among us would buy cars – praying that nothing self-ignites and the brakes work. Sure, technical errors, bugs, and glitches are inevitable. As professional and experienced as your team is, perfection is most definitely difficult to achieve. At the same time, as our world turns increasingly digital, people expect websites and apps to run smoothly. It’s no shock that 40% of people abandon websites that take more than three seconds to load. Here’s a great example of where Quality Assurance can improve UX. We can introduce all the customer acquisition strategies we want to, but if we don’t have a team controlling production and delivery standards, we won’t be able to retain valuable clients. #quality #quality_assurance #UX

The key to a successful organization is to have a culture based on a strongly held and widely shared set of beliefs that are supported by strategy and structure. When an organization has a strong culture, three things happen: Employees know how top management wants them to respond to any situation, employees believe that the expected response is the proper one, and employees know that they will be rewarded for demonstrating the organization's values. Employers have a vital role in perpetuating a strong culture, starting with recruiting and selecting applicants who will share the organization's beliefs and thrive in that culture, developing orientation, training and performance management programs that outline and reinforce the organization's core values and ensuring that appropriate rewards and recognition go to employees who truly embody the values. Get familiar with the following topics: The importance of having a strong organizational culture. The employer's role in fostering a high-performance culture. Definitions of organizational culture. Factors that shape an organization's culture. Considerations in creating and managing organizational culture. Practices to ensure the continuity and success of an organization's culture. Communications and global issues pertaining to organizational culture. :man-in-tuxedo:

Transformative high-rise towers are changing the Edgewater neighborhood, with more to come as demand for luxury residences continues to grow. :sunset: Residential real estate developer Melo Group, which built Edgewater projects like 22 Biscayne, 22 Skyview, Bayhouse, 25 Biscayne, Second Plaza, 25 Mirage and Urban 22 – all luxury condos and rentals – is beginning work for Aria Reserve, 62-story dual residential towers designed by Bernardo Fort-Brescia of Arquitectonica and Morada Haute Furniture Boutique.

With today’s economic turbulence and massive shifts in media consumption, the traditional marketing programs of the past are no longer enough in order to effectively create storybrands. Companies must deploy innovative, practical branding programs to build and solidify their market leadership. :eye-in-speech-bubble: Fact is, perceptions of companies are based on on a combination of their news coverage, Internet keyword search results, online consumer reviews and word-of-mouth opinions. Therefore, a solid branding strategy built on earned media rather than paid advertising isn’t a luxury – it’s an absolute must.

Ugo Colombo’s CMC Group and Morabito Properties nabbed a $64.5 million loan to complete construction of a waterfront luxury condominium in Bay Harbor Islands. :construction-worker: Bank OZK provided the financing for the joint venture’s Onda Residences, a planned 41-unit, eight-story development at 1135 103rd Street, according to an emailed statement from Colombo, Miami-based CMC Group’s founder and president. Morabito is a Miami Beach-based development firm led by Valerio Morabito. :building-construction: