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11 Ideas for Economic Recovery

Strategy Driven

StrategyDriven effective executives, efficient employees Home About The StrategyDriven Organization Our Company Our Contributors Karen K. One retail CTO summed it up well at a recent SAS event when he said, “We don’t want to just struggle through and be hanging by our fingertips when the economy recovers. Juliano Howard T. Dickens Jr.

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Could Fewer Products Lead to More Profits?

Harvard Business Review

Although dampened somewhat by the economic climate and job uncertainty , the five+ weeks from late November through the end of the calendar year represent more than $500 billion in sales — or approximately 40% of the entire year's retail revenue in the U.S. Even automobile companies and airlines seem to have learned this lesson.

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When a Simple Rule of Thumb Beats a Fancy Algorithm

Harvard Business Review

For a retailer, it’s extremely useful to know whether a customer will be back or has abandoned you for good. But as the amount of data that retailers are able to collect grows and the predictive models keep improving, the models will inevitably become markedly better at predicting customer behavior than simple rules.

Simon 11
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With Ron Johnson Out, What Should J.C. Penney Do Now?

Harvard Business Review

The news wasn''t terribly surprising as 2012 had been a challenging year: sales were down by $4.3B, the company lost close to $1B, and its stock price dropped by more than 50%. Both Macy''s and American Airlines previously tried to stop discounting in favor of everyday low prices, but quickly had to retreat due to poor customer reception.

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When a Simple Rule of Thumb Beats a Fancy Algorithm

Harvard Business Review

For a retailer, it’s extremely useful to know whether a customer will be back or has abandoned you for good. But as the amount of data that retailers are able to collect grows and the predictive models keep improving, the models will inevitably become markedly better at predicting customer behavior than simple rules.

Simon 8
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Top Line Growth? There's an App for That

Harvard Business Review

Smartphone sales in 2011 are estimated to reach 468 million units, a 57% increase over 2010. While the idea of reaching out to consumers via smartphone apps is clearly not new, companies have been stubbornly hesitant to embrace app technologies. In those days, incumbent companies were stuck in preweb ways of thinking.

Brand 12
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The Powerful Way Onboarding Can Encourage Authenticity

Harvard Business Review

When a new employee is hired under this typical scenario and shows up the first day, the company tells her what work needs to be done and shows her how to act. How to Be a Company That Employees Love. buying an airline ticket or configuring a printer). In a model like this, the job is just a means to an end. Insight Center.

Power 8