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184: Using Storytelling to Lead a Transformation at Lowe’s (and Your Company) | with Kyle Nel

Engaging Leader

The home improvement store chain Lowe’s was named #1 among Fast Company’s 2018 Most Innovative Companies, for augmented and virtual reality, as well as #1 for innovation among specialty retailers on Fortune’s 2018 World’s Most Admired Companies.

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If Retailers Want to Compete with Amazon, They Should Use Their Tax Savings to Raise Wages

Harvard Business Review

The new tax law creates a major business opportunity for other retailers as well — if their leaders are wise enough to take advantage of it. Retailers, many of whom have been paying the full tax rate, are going to benefit substantially. Take a retailer that makes 15% pretax income.

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When Large Companies Are Better at Entrepreneurship than Startups

Harvard Business Review

Of course, everyone can cite a favorite unicorn—SpaceX, Uber, Airbnb, or Tesla, for example—that is defying the odds and successfully disrupting established industries. Amazon Web Services’ success strengthens Amazon’s retail business by building scale and world-class abilities in computing and large data management.

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Why the Print Catalog Is Back in Style

Harvard Business Review

Penney’s recent announcement that it is resurrecting its print catalog reflects a trend of retailers returning to the print medium as an important sales and marketing tool. While Bloomingdale’s and Saks Fifth Avenue have been mailing catalogs for years, now specialty retailers are picking up the tactic.

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Independent Bookstores Should Negotiate a Better Offer with Amazon Source

Harvard Business Review

Yesterday, Amazon.com launched Amazon Source, a program that will pay retail outlets for selling Kindle e-reading devices and accessories. Retailers can buy the products at a 6% discount and earn a 10% commission on ebook sales recorded for a given device for the next two years. The real problem is this: the offer is flawed.

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One Hospital’s Experiments in Virtual Health Care

Harvard Business Review

But for an industry reliant on, and in many ways limited by, brick-and-mortar facilities, this movement will mean significant disruption for providers. The greatest adoption of this program to date has been in our medical and surgical specialties, as well as in psychiatry. E-Consults: Broadening the Reach of Specialty Care.

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A Case for Why Health Systems Should Partner with Pharmacies

Harvard Business Review

The health care industry is now focusing on value-based care — improving the health of populations while reducing costs. At CVS Health, we believe that community retail pharmacies play a critical role in that effort —­­ a view confirmed by our experience in over 60 health-system partnerships across the United States.

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