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RetailOasis Big Breakfast: Pippa Kulmar, Co-Director RetailOasis

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A presentation by Pippa Kulmar from the RetailOasis Big Breakfast. Talking about the shrinking lifecycle of a business and how successful businesses are addressing change. A more to being more ethical in their operations, focusing on culture and cooperating with start-ups.

Published in: Business

RetailOasis Big Breakfast: Pippa Kulmar, Co-Director RetailOasis

  1. 1. 11 1 PIPPAPippa Kulmar, Co-Director RetailOasis RetailOasisBigBreakfast
  2. 2. 2 inthelast15years52%of Fortune500companies havedisappeared source: world economic forum
  3. 3. 3 source: world economic forum 75years 15years 1955 av. life expectancy 2015 av. life expectancy
  4. 4. 4 Steam + water replacing man power Electrical power to create mass production Electronics + IT to automate production Fusion of physical and digital (IOT + AI) MECHANICAL ELECTRICITY AUTOMATION INTELLIGENCE fourthindustrialrevolution 18-19th century 1800s - mid 1900s mid 1900s - 2010s 2010s +
  5. 5. 555 howarebusinessesaddressingchange? conscience culture cooperation corporatisation commoditisation competition
  6. 6. CORPORATISATION TO CONSCIENCE
  7. 7. 7 ‘I always felt that they (factory workers) had built this but didn’t always get what they needed (for their family) while I felt comfortable. We gave 10% of the company to our employees – it wasn’t a gift it was a right’ Hamdi Ulukaya, Founder, Chobani
  8. 8. J-crew Reformation
  9. 9. Sephora Credo
  10. 10. Congress Business
  11. 11. 11 ‘If we could get every business to adopt a problem it would solve big things for the world. If we don’t do things like this, we leave it to government and the social sector - it won’t get much better’ Richard Branson
  12. 12. COMMODITISATION TO CULTURE
  13. 13. 13 the only thing that makes any business different are the people - the product, service, experience is a result of the people. If they like each other it will be great, if they don’t it won’t. That’s the only differentiator.
  14. 14. 14 US$4.85B +15.8% sales comps ulta beauty
  15. 15. 15 WHERE COULD WE BE? The First Step costco US$129B +10.5% sales comps
  16. 16. 16 ‘Cultureisn’tanimportantthing. Cultureistheonlything!’ Jim Sinegel, Founder Costco
  17. 17. 17 
 “As humans we need to sleep well, eat well, exercise and basically recapture our humanity – those are the keys to succeeding in business and life. In financial terms, the bottom line is reliant on us all looking after ourselves and each other” Ariana Huffington
  18. 18. 1818 "Making a small number of key decisions well is more important than making a large number of decisions. If you shortchange your sleep, you might get a couple of extra 'productive' hours, but that productivity might be an illusion” Jeff Bezos, Amazon
  19. 19. COMPETITION TO COOPERATION
  20. 20. 20 “In order to succeed in this next wave of retail (aka intelligence) you need to build a core competency around partnership – that comes from culture - partnership (particularly with start-ups ) is a key to winning in the future” Steven Case, Co-Founder AOL
  21. 21. 21 online marketplace $3B in cash $70m $300m menswear outdoor $51m womenswear $50-70m VC external acquisitions internal tech innovation
  22. 22. 22 reverse logistics resell goods retailer a store market place retailer b
  23. 23. 232323 howarebusinessesaddressingchange? conscience culture cooperation corporatisation commoditisation competition
  24. 24. Thank You Level 4, 1a Rialto Lane, Manly NSW 2095 retailoasis.com@retailoasis

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