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For every company wrestling with evolutions in its strategy, success depends as much on matching the operating model to those evolutions as it does on the soundness of the strategy itself. But exactly how do today’s companies create or update an operating model to match adaptations or wholesale changes in strategy?
No strategy is static. Kroger has aligned its entire business around a “Customer 1st” brand strategy. Furthermore, labor can now be more efficiently allocated to other value-added activities throughout the store. The retailer offers a monthly subscription service for fitness and athleisure apparel and accessories.
As such, I’ve increasingly seen case interviews being used to recruit for corporate strategy roles in all sectors and business operation (“BizOps”) roles at startups. You will need to adopt the same logical, rigorous-but-efficient approach to solve a case for BCG as you will in a case interview for Uber or Canada Goose.
The chief marketing officers at consumer products companies, the heads of design at luxury apparel companies, and the heads of logistics at large retailers are cases in point. Although long ignored, these middle management positions have become increasingly recognized as critical to executing a company’s strategy.
We already see companies localizing time-sensitive and highly customizable forms of production to move closer to customer demand, particularly in the fast apparel (Adidas, Zara) and automotive (Tesla) industries, thus turning global supply chains into two-way streets. “Strategies for Two-Sided Markets” 3.
In the apparel industry, the benchmark for inventory accuracy is somewhere between 60% and 70%. As the technology is able to identify products in such an efficient manner, inventory can be updated in real time and the data can be used to inform targeted replenishment and merchandizing decisions.
President Obama, with his counterparts in Canada and Mexico, agreed to some aggressive regional targets on renewable energy and efficiency. Nine big brands with operations in Ohio publicly pressed the state to reinstate energy efficiency and renewable energy portfolio standards. In the U.S., days of innovation).
For years, it was mainly about employees volunteering to plant some trees, but as companies have grown more sophisticated about the role of sustainability in their strategies, and about the dangers and opportunities in a changing climate, their announcements have gotten bigger and bolder. In apparel, this is more than aggressive.
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