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Alexander ShubinDirector of Retail Practices, Eastern Europe and AsiaAlexander Shubin brings extensive expertise in the development and execution of retail strategy, expansion and international marketing. Founder and Principal of MyRetailStrategy Partners, Alexander holds a doctorate in Strategic Marketing and an EMBA in Strategic Market Development from the Stockholm School of Economics.
MIT Sloan Digital Business Strategy graduated Alexander is a forward thinker in the spheres of FMCG (fast-moving consumer goods) and retail who has achieved industry recognition for supervising large projects which have delivered significant results. He is author of the book, “Business Models of Retail Companies: How to Compete with Giants”, about what it will take to compete in retail. |
Machine, Platform, CrowdHARNESSING OUR DIGITAL FUTURE
We live in strange times. A machine plays the strategy game Go better than any human; upstarts like Apple and Google destroy industry stalwarts such as Nokia; ideas from the crowd are repeatedly more innovative than corporate research labs.
MIT’s Andrew McAfee and Erik Brynjolfsson know what it takes to master this digital-powered shift: we must rethink the integration of minds and machines, of products and platforms, and of the core and the crowd. In all three cases, there are massive implications for how we run our companies and live our lives. To build a next-generation business model, we must find the right new combination of human minds and machines, and in how we figure out insights and make decisions about products and platforms, core expert competencies and crowd-sourcing. Today, the culture of the HiPPO (Highest Paid Person's Opinion) in decision-making doesn't work. For example, often an AI system recognizes images better than human beings. We can find a similar dynamic in key business processes; for example, pricing AI software can help optimize price decisions based on statistic and dynamic price elasticity than can any human individual or team. The platform business model which may not any physical assets can disrupt traditional product-service-based models. Sometimes, even an expert fails in own area of expertise area against “the crowd”. As a result, it is now a time in which we must challenge and re-think our firms’ frameworks and build new-generation retail business models for future success.
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Five key capabilities to improve operationsOrganizations typically use five key capabilities or approaches (we’ll call them “levers” from now on) to improve operations that underlie journeys...
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Walmart kicks off 3D online shopping Walmart is enhancing its new website with two new services that will streamline how customers browse and make purchases across its home furnishings offering
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Based on insights from Shop.ORGThrive Market isn’t just a pure play e-tailer. It’s a social experiment that combines e-commerce with an authentic commitment to social change
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