How Successful Leaders Use Both Retail and Wholesale Communications

Next Level Blog

Successful candidates are masters of both retail communications (the coffee klatches and selfies) and wholesale communications (the rallies and ad campaigns). Retail and wholesale communications have applications far beyond politics.

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5 Top Tips to Prepare for Your Retail Store Renovation

Strategy Driven

Renovating your retail space can be key to attracting new customers to your brand, preparing for the future of commerce, and ensuring that your brand is able to remain as competitive as possible. Starting Your Business business loan business management Retail Remodel strategydriven

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Project Management 101: The Stages of Project Management

Women on Business

I remember when I picked up my first project management book. I was working as a low-level retail manager and thought it would be helpful. However, I was determined to not only find the resources to help me plan and execute a project, but also, decode what was written in the book. What Is a Project? James Fallow defines a project as “anything you’re committed to finish in a year that requires more than one action to complete,” which is a good start.

Virtual and Augmented Reality Will Reshape Retail

Harvard Business

Virtual reality (VR), along with its sister technology augmented reality (AR), offers retailers the opportunity to transform how people shop. The successful incorporation of VR and AR into retail models also has the potential to vastly change the way retailers are thinking about stores of the future. Retailers looking to develop a virtual commerce strategy should consider breaking it down along the following dimensions. Your camping trip is coming up.

Team Building & Leadership Process for a Retail Operation; New.

Mike Cardus

Design by 12GrainStudio Team Building & Leadership Process for a Retail Operation; New Product Launch Saturday, November 27th, 2010 Posted by: mike Team Building & Leadership process that was created for a retail organization that was preparing for a new product launch.

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How to Identify Your Project Stakeholders Interest

Mike Cardus

Design by 12GrainStudio How to Identify Project Stakeholders Interest Wednesday, November 10th, 2010 Posted by: mike Attempting to institute new projects and processes within an existing culture can prove to be Sisyphean.

3 Changes Retailers Need to Make to Survive

Harvard Business

Few industries are being disrupted as drastically as the retail industry. More retail purchases are moving online, and a growing number of manufacturers now sell to consumers directly, cutting out retailers entirely. Making matters more challenging, these shifts are happening across practically every retail category – books, entertainment, housewares, clothing, food, financial services, and even energy. Danita Delimont/Getty Images.

If You Can Click-and-Drag, You Can Win More Projects

David A Fields

The extraordinary, new product he adopted didn’t do much to hide his shiny pate, but it did invigorate sales at his retail store. relationships starting projects value proposition

The Stage Where Most Innovation Projects Fail

Harvard Business

The problems arise when projects need to be transferred to the business units for a large-scale launch. Does the business unit feel like the project is something they had a hand in shaping — or is it like a perishable package left on a doorstep? Is anyone responsible for ensuring these projects don’t fall through the cracks, or drop to the bottom of the sales force’s priority list?

Executive Vision – Navigating the New Leadership Landscape: Retail

Strategy Driven

StrategyDriven effective executives, efficient employees Home About The StrategyDriven Organization Our Company Our Contributors Karen K. Juliano Howard T. Dickens Jr. Lucas D. Ives Sharon Drew Morgen Hank Moore Jamie P.

Become an Indispensable Change Agent

Change Starts Here

A well-known retailer recently laid off its entire change management team. Like many retailers in the shadow of Amazon, the company had been going through a period of decline.

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Open India: Considerations for Retailers

Harvard Business Review

The reforms include changes to retail, airlines, broadcast and power sectors. The changes in retail are significant; Wal-Mart, IKEA, and Tesco can now compete against indigenous retailers in India. Fifty-one percent Foreign Direct Investment (FDI) is permitted in Multi Brand Retail (MBR). For example, retail sales outlets may be set up only in cities with a population of more than 1 million.The terms set a minimum investment threshold at 100 million USD.

How Data Visualization Answered One of Retail’s Most Vexing Questions

Harvard Business Review

In e-commerce, advances in tracking and analytics have made it possible for retailers to understand what individual customers are doing before they make a purchase, and to gather and analyze hundreds and thousands of data points to identify trends. Decision making Retail Technology

Breaking Up the Retail-Price Confusopoly

Harvard Business Review

Smaller retailers got into the act too, promoting something called "Small Business Saturday," promoted on the groups Facebook page as, "Its one day to support the small businesses that are getting our economy going again." This is what retailers might do in response to Amazon.

Case Study: Can Retailers Win Back Shoppers Who Browse then Buy Online?

Harvard Business Review

Bertice wasn’t dressed like the sales staff, and the couple had no way of knowing that she was the daughter of Benjy’s founder or that she’d been recently appointed to chair the board of the $40 billion electronics and appliance retailer. Kenneth Andersson.

5 Steps To Designing A Product

Strategy Driven

Before you start pitching to manufacturers, investors and retailers, you’ll need a final working prototype. Project ManagementPhoto courtesy of Free Great Picture. So, you have an idea for a product?

To Compete with Amazon, Big-Name Consumer Brands Have to Become More Like It

Harvard Business

Over the last decade, e-commerce has imposed a painful profit squeeze on big-box retailers, resulting in layoffs, store closings, mall reconfigurations, and even bankruptcies. With no reprieve in sight for retailers, the online world is poised to do the same to brand-name consumer products companies. Census Bureau recently reported that 80% of retail sales still happen in the offline realm. Marketing Data Retail & Consumer Goods Digital ArticleKulka/Getty Images.

An Inside View of How LVMH Makes Luxury More Sustainable

Harvard Business

The companies that are most vocal about environmental and social issues tend to be big, mass-market brands — well-known retailers , consumer products giants , and tech firms that are telling a new story to consumers who increasingly care about sustainability. Belvedere Vodka, a brand with sales in 120 countries, has pursued many large-scale projects to reduce its CO2 footprint. ” Sustainability Retail & Consumer Goods Digital Article

Five Foundational Truths of Youth Marketing (and Leadership)

Leading Blog

In The Gen Z Frequency , authors Gregg Witt and Derek Baird tackle this demographic which is projected to be the largest consumer demographic in history. W HO IS Gen Z? They are people born between 1996 and 2011. What is their frequency?

How Coty Reinvigorated Its Supply Chain

Harvard Business

But it also may contribute to the fact that 70% of special projects and strategy initiatives fail. Change management Supply chain Retail & Consumer Goods Digital Article

Two Ways to Break into India’s Consumer Market

Harvard Business

India has over 10 million mom-and-pop retail outlets and they do an amazing job of servicing urban and rural neighborhoods with their most common daily needs. Amazon CEO Jeff Bezos has made India a top priority for growth; he projects that the country will be its second largest market globally by 2025. International business Retail & Consumer Goods South Asia Digital Article

Hiring for Cultural Fit

Leading Blog

Tony Hseih, CEO of the online shoe retailer Zappos, once famously said that he didn’t know anything about shoes, but knew a lot about creating workplace culture. O RGANIZATIONS OFTEN TALK about hiring for cultural fit, yet very few of them know how to do it well.

A Tool to Map Your Next Digital Initiative

Harvard Business

Unfortunately, the history of IT investments in most organizations is far from stellar: Research over the years suggests that the overall failure rate of IT projects is around 70%. Consider an IT investment that one European retailer was pondering.

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The Number 1 Tip to Ensure Returns on Your Firm’s Digital Strategy

N2Growth Blog

It is those project initiatives that serve as the roadmap to success. It is indicative of the ways in which digital technology requirements can be buried within the details of a strategic plan: Claims Adjudication Process Redesign Project: A major P&C insurer wanted to modernize its claim handling functions. To succeed in today’s rough and tumble business world you need a solid vision for how you can “digitalize” your business.

What Happens if You Try Taking Risk & Dealing With Uncertainty?

Mills Scofield

Yuna Hur & Elaine Cheung - Versions of a Retail Pop-Up, Spring 2018. The class was called Iterative Design of Retail Value Propositions and Experiences - a blend of design and engineering. I’m honored to host a blog by one of my amazing mentees, Yuna Hur ‘18.

Are You a Culture Change Skeptic?

Great Leadership By Dan

Sales and profits outperformed the entire retail sector over a two-year span. ? Foodstuffs Auckland (New Zealand) found ROI on their culture project exceeded $600,000 within the first year. Guest post from S. Chris Edmonds: Are you a culture change skeptic?

Why Your IT Project Needs a Cognitive Scientist

Harvard Business Review

Our research, which has involved studying more than 50 international organizations in a variety of industries, has identified an alternative approach to big data and analytics projects that allows companies to continually exploit data in new ways. This means that project teams need members well versed in the cognitive and behavioral sciences. For tasks such as processing financial trades or retail transactions, these are ideal skills.

The Most Overused Word in Business

In the CEO Afterlife

Big retailers are dead without a firm understanding of daily, weekly and monthly tactics. If the retailer’s unique position in the market is lowest prices for brand name items, then all pricing tactics must support that image.

Minimalism: Doing More, with Less

In the CEO Afterlife

One woman spoke about Project 333, a goal to live three months with only 33 articles of clothing and accessories to her name. Videos of Black Friday frenzies and physical violence for retail goods open the audience’s eyes to our society’s obsession with material things.

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Five Steps to Resource Optimization: Any process can be improved.

Strategy Driven

StrategyDriven effective executives, efficient employees Home About The StrategyDriven Organization Our Company Our Contributors Karen K. Juliano Howard T. Dickens Jr. Lucas D. Ives Sharon Drew Morgen Hank Moore Jamie P.

The Best Digital Companies Are Set Up to Never Stop Innovating

Harvard Business

The ability to make thousands of changes a day to its online retail service has been a key reason Amazon is expanding its online lead over Walmart and other historically “bricks and mortar” retailers.

Air Conditioner Shortage.and Time to Think.

CEO Blog

In a cool year, we end up taking them back from retailers and incurring huge freight and storage charges. Take on a new project - figure out what you need to unplug. I am keenly aware of the weather. I garden (not as much as I should though - my garden at the office got away from me).

Online Marketplace: New challenges to overcome

Strategy Driven

There was a time when the entry of an online alternative in a market would scare the hell out of small offline retailers. The consumer behavior was changing and the prices were getting aggressively competing; it was not easy for small retailers to keep up with their online counterparts.

Uniqueness And Company Culture – A Renewable Cycle

Tanveer Naseer

Both of those actions put companies in control—they command how they are perceived by employees, who then internalize and project this image. By allowing your company culture to project it. The following is a guest piece by Chris Dyer.

Time Is Money: Top Tech Tools to Increase Company Productivity

Chart Your Course

Project Management. Project management apps can work in conjunction with calendar and communications tools to streamline tasks and save time. This category of apps makes it easier to schedule projects, assign tasks, communicate instructions, and track progress.

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It’s Not Just Semantics: Managing Outcomes Vs. Outputs

Mills Scofield

Borrowing an example from the Innovation Network, a highway construction company’s outputs are project design and the number of highway miles built and repaired. Immersive Van Gogh Exhibit at the Arsenal Contemporary Museum, Montreal.

The Strategy Confusion

LDRLB

Big retailers are dead without a firm understanding of daily, weekly and monthly tactics. If the retailer’s unique position in the market is lowest prices for brand name items, then all pricing tactics must support that image.

What Connects Coca-Cola, Lego, In-N-Out, Intuit, and Nike? Focus.

In the CEO Afterlife

This can mean expanding product lines, entering new markets and geographies, line extending brands, acquiring new businesses, creating projects, and adding layers of management to manage the self-created complexity. Complexity has many definitions; excessive complication is the simplest.

The Keys To Managing Millennials, Part 2: The Progress Bar Effect

Terry Starbucker

Millennials can lack the perspective and discipline to commit to a lengthy task – they may begin it and then inexplicably start a new task, and then another and another, never completing a project but constantly starting new ones. Front Line Leadership . Guest Post By Adam Tenenbaum.

How to Harness the Opportunities of Home Businesses in 2020

Strategy Driven

This could be due to the ability to avoid most of the issues that have hampered the expansion of the retail and the hospitality industry. Home businesses are growing in popularity.

The 2 Leadership Traits That Will Set You Apart (and Sustain You For The Long Haul)

Terry Starbucker

After all, I had earned it, having just finished a 28 year run as a CPA, cable company VP of Operations, football stadium project manager, VP of Development for another cable company, and finally, a cable company SVP of Operations.

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73 Creative Job Titles in Corporate America

HR Digest

Project Meanie (Coordinator). Retail Jedi (Store Assistant). A job title says a lot about a person, his creativity, and his attitude towards the job. It is a description of an employee's duties and role in the position.

How We Prioritize at Sticker Mule

Strategy Driven

They picked the right projects and grew at an extraordinary pace. Other retailers had different priorities and either failed or are much smaller. We don’t know the highest impact projects we could pursue right now. Organizations are the sum of their decisions.