Remove Customer Intimacy Remove Development Remove Operations Remove Retail
article thumbnail

Are You Leading Cash Registers?

Lead Change Blog

When I think about John Henry I am reminded of an incident at a large, well-known home improvement retailer. We live in a time flush with high efficiency, cost control, and lean operations. The culprit was the myopic view of leadership driven by a “make the numbers” through operational excellence not customer intimacy.

P&L 150
article thumbnail

Operational Excellence, Meet Customer Intimacy

Harvard Business Review

Most organizations continuously strive to achieve operational excellence, but they spend less effort understanding customer needs — and few marry these two sources of customer value effectively. In 1996 Tesco adopted Toyota Production System approaches to take its supply chain operations to an even higher level.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Good Cybersecurity Can Be Good Marketing

Harvard Business Review

Ease continues to be important in today’s online retail world, but invisibility seems to be giving way to more-notable approaches to being secure. Online security and customer intimacy go hand in hand. And this customer intimacy can be leveraged to protect your customers.

article thumbnail

Make Your Organization Anti-Fragile

Harvard Business Review

If lucky, a start-up grows and develops a success formula. retailer, spent the last three decades improving its supply chain processes, and designing and launching a series of services, including smaller local convenience stores and online shopping. Operations Risk management Strategy' They were a best practice example in 2007.

article thumbnail

Understanding Customers Is Everyone's Job

Harvard Business Review

retailer Tesco built detailed profiles of customers and then used these insights and a flexible supply chain to customize their products and offers. Creating products and services for market segments of one (" mass customization ") isn''t easy. Collaboration Marketing Operations' How, precisely, did they do this?

article thumbnail

Invest in Proprietary Data for Competitive Advantage

Harvard Business Review

The key lies in developing and exploiting "proprietary data" — data that you and you alone possess. Retailers, such as Amazon, Kroger, and Target, use this data to tailor their advertising for John Smith. One retailer develops an insight into customer behavior and others follow suit.

article thumbnail

How to Fund Indian Start-Ups

Harvard Business Review

India has numerous small retailers and service providers who are shining examples of scrappy entrepreneurship at its best, but the information technology startups that are my primary interest typically require outside funding. However, if you need capital to validate, you are operating in a zone that will be full of very dark hours.