With exclusive rights to distribute in the United States, Allen collaborates with Tanya Heath Paris to select styles to produce exclusively for Tanya Heath U.S. The company’s revolutionary approach to women’s footwear offers a timeless, luxury adjustable-height shoe by using interchangeable heel technology. Because of Allen’s accurate pulse on her customers’ shopping behavior and preferences, she is able to curate inventory tailored to meet the needs of American customers that often differs from European customers.
Allen discussed her small business’ growth opportunities and what she has been doing to achieve her 2023 performance goals. She also recognized that being an entrepreneur has its pros and cons while candidly sharing her own perspective. Being able to set her own priorities and schedule, leverage her skills and experience and build something independently were aspects she valued the most. However, she noted, there are also challenges, such as vulnerability, assumption of risk and setting boundaries, making mistakes and asking for help.
“Where I found a lot of help was from my LinkedIn,” she explained. “I went back and talked to people I hadn’t talked to in many years. I found experts from different industries or friends of friends to find someone that knows about various things like harmonized tariffs and suppliers that are sustainable.”
Students were extremely engaged and fascinated by the complexities of running a niche shoe company. Allen was very receptive to students’ thoughts and feedback when it came to marketing and supply chain management. She enjoyed hearing the students’ innovative ideas, such as a subscription program where women could rotate the heels they’re wearing, and utilizing augmented reality software for customers to virtually try on products right from their home.
In her free time, Allen enjoys volunteering. She serves as the president of Lafayette Avenue School PTO and is currently a volunteer on the board of Chatham Education Foundation to fund priorities in the school district that foster student well-being, create innovative learning spaces and enhance student learning. Allen also gives back to her alma mater as a member of the Broad College’s advisory board.
More information on upcoming events in the 2022–23 Pung Speaker Series, as well as information on past events, is available at the Full-Time MBA program page.