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Why Retailers Are Turning to Third-Party Marketplaces

Harvard Business

Some traditional retailers including Walmart, Target, and Best Buy are adopting third-party marketplaces, which connect customers with external sellers and thereby offer customers a much broader selection. Many other traditional retailers are considering whether to follow suit. Making the choice isnt clear-cut.

Retail 83
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Making Omnichannel Work for Luxury Retail

Harvard Business

Achieving true omnichannel excellence in luxury retail is a formidable challenge due to the inherent need for high-touch customer experiences and the complexity of managing multiple distribution channels, including e-commerce and third-party resellers.

Retail 76
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Growth Strategies

Tom Spencer

Growth strategy begins with identifying the source of the problem – you will want to look at customers, products, the company and its competitors. They want to develop a growth strategy for the next five years. Source: Culturamix ). Below we look at a specific case scenario. Our client is the Museum of Fine Arts in Boston.

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Why Retail Health Clinics Failed

Harvard Business

There is a place for retail chains in health care — but they need to overhaul their strategies if they want to succeed.

Retail 71
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How Digital Technologies Could Boost Tiny Retailers in Developing Countries

Harvard Business

Micro-retailers are vitally important to the economies of developing countries and to consumer packaged goods companies. Three strategies can address them. But their full potential is not being realized. The adoption of digital technologies could help change that. But for that to happen, obstacles must be overcome.

Retail 88
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Enterprise Strategy Teams: Charting a Path to Success

Tom Spencer

For instance, when the retail giant, Walmart, faced stalling sales due to stiff competition from e-commerce platforms, it was challenging to formulate a roadmap into the future. In the ever-evolving landscape of business, enterprises face the challenge of charting a clear path towards success and sustainable growth.

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How to Craft a Durable Strategy for the Long Run

Tom Spencer

Hundreds of articles have been written on strategy, each with an author that presents a unique perspective from years of paradigm-shaking experience. Some even “reinvent the wheel” by rejecting past concepts altogether and introducing an entirely new way of thinking about strategy.