Differentiate and Grow a Thriving Retail Business

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differentiate and grow a thriving retail business

Transcript of Differentiate and Grow a Thriving Retail Business

Page 1: Differentiate and Grow a Thriving Retail Business

differentiate and grow

a thriving retail business

Page 2: Differentiate and Grow a Thriving Retail Business

from apprenticeto franchisee

to $100 million

Page 3: Differentiate and Grow a Thriving Retail Business

the game has changed

knowledge

change

globalisation

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consumer has more options

they walk funny

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better faster leaner

We will win because we are better at the customer interface!

Page 6: Differentiate and Grow a Thriving Retail Business

how different are you?

Page 7: Differentiate and Grow a Thriving Retail Business

the 80’s product

Industrial world shifts to service

economy

social economic & general change

Introduction of text messaging

Page 8: Differentiate and Grow a Thriving Retail Business

the 90’s service

supplier convergence

internet reaches critical mass

instant messaging

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the 00’s price

globalisation intensifies

easy finance

dot com bubble burst

emergence of social media

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Today 2010

internet users – 1.9 billion (28%)

The Instant Society!

mobile broadband users predicted – 1 billion (15%)

people subscribed to mobiles – 4.6 billion (67%)

Social Media is set to rule this decade

world population – 6.84 billion

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a culture of innovation

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unleashes talent and creativity

1

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focuses, motivates and energizes

2

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faster and easier to deal with

3

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create a culture of innovation

“Innovation …a process that uses new

knowledge to generate payback”

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old strategy vs new strategy

A business development model that is opportunity driven rather than the old strategy

based model...

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I dea l f or s tab l e and non-chang ing marketp lace

old strategy driven model

Vision

Strategy

Projects

Actions

Top Down

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problems

opportunities

staff customers suppliers

Strategic Intent

new opportunity driven model

I dea l f or uns tab l e and chang ing marketp lace

Top DownBottom Up

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5 keys for today’s innovative leader

Page 20: Differentiate and Grow a Thriving Retail Business

conv ince the organ isa t ion innovat ion rea l l y mat ters

empower people 1

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l i s ten to s ta f f , cus tomers and supp l ie rs

allocate resources 2

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teach them how to th ink no t what to th ink

invest in your people 3

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focus more on deve lop ing grea t peop le

focus on behaviours 4

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make innovat ion par t o f what you do

get connected 5

Page 25: Differentiate and Grow a Thriving Retail Business

differentiate and grow

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