new innovation technology formed by our Innovation consultancy for the German global discounted supermarket chain Lidl called ‘Grab and Go’ which aid the shopping easy, quick and convenient by mainly avoiding checkout lines for shoppers in Lidl
The document discusses how artificial intelligence is increasingly being used in the retail industry to address challenges posed by a fragmented marketplace with diverse consumer needs. AI allows retailers to gather customer insights and predict behaviors through automated analysis of large datasets. Key applications of AI discussed include personalized marketing, trade promotions management, supply chain management, assortment planning, and demand forecasting. The use of AI is expected to grow significantly in the retail industry in coming years to improve business performance and customer experience.
IKEA began as a small business started by Ingvar Kamprad in Sweden in the 1940s selling various goods. It began focusing solely on furniture in 1951 and opened its first furniture showroom in 1953. IKEA now has over 300 stores worldwide and has continued expanding into new countries globally. However, it also faces pressures like criticism over its UK store openings and a drop in profits attributed to expansion costs.
Retail Marketing Project : Store conceptualizationSuhasini Jain
This document provides information on a proposed concept store for specialty food retail. It discusses market trends driving the success of niche food formats, including increasing incomes, demand for international foods, and filling a gap in the market. It then outlines the concept of frozen yogurt parlors being new in Chennai and lists the key existing players. Finally, it proposes positioning the store as providing the finest, freshest yogurt, cupcakes, and cheesecakes made with high quality ingredients with an emphasis on customer happiness.
ZARA uses several strategies to stay ahead of competitors in the fashion industry:
1) It encourages more frequent purchases by quickly introducing new items weekly and controlling its entire supply chain, allowing it to produce styles in as little as 3 weeks compared to an industry average of 9 months.
2) It identifies new customer groups and market locations to expand into through monitoring trends and consumer behavior.
3) It develops new products through a team that travels worldwide to discover trends and introduces around 40,000 annual designs, selecting 10,000 for production.
Ecraft Concepts is a digital marketing agency based in Hyderabad, India. They offer a full suite of digital marketing services including digital strategy, SEO, social media marketing, PPC, content marketing, and website design and development. Their team consists of experienced strategists, designers, and programmers. They pride themselves on their industry experience in real estate and education and providing measurable results and growth for clients.
The document discusses how artificial intelligence is increasingly being used in the retail industry to address challenges posed by a fragmented marketplace with diverse consumer needs. AI allows retailers to gather customer insights and predict behaviors through automated analysis of large datasets. Key applications of AI discussed include personalized marketing, trade promotions management, supply chain management, assortment planning, and demand forecasting. The use of AI is expected to grow significantly in the retail industry in coming years to improve business performance and customer experience.
IKEA began as a small business started by Ingvar Kamprad in Sweden in the 1940s selling various goods. It began focusing solely on furniture in 1951 and opened its first furniture showroom in 1953. IKEA now has over 300 stores worldwide and has continued expanding into new countries globally. However, it also faces pressures like criticism over its UK store openings and a drop in profits attributed to expansion costs.
Retail Marketing Project : Store conceptualizationSuhasini Jain
This document provides information on a proposed concept store for specialty food retail. It discusses market trends driving the success of niche food formats, including increasing incomes, demand for international foods, and filling a gap in the market. It then outlines the concept of frozen yogurt parlors being new in Chennai and lists the key existing players. Finally, it proposes positioning the store as providing the finest, freshest yogurt, cupcakes, and cheesecakes made with high quality ingredients with an emphasis on customer happiness.
ZARA uses several strategies to stay ahead of competitors in the fashion industry:
1) It encourages more frequent purchases by quickly introducing new items weekly and controlling its entire supply chain, allowing it to produce styles in as little as 3 weeks compared to an industry average of 9 months.
2) It identifies new customer groups and market locations to expand into through monitoring trends and consumer behavior.
3) It develops new products through a team that travels worldwide to discover trends and introduces around 40,000 annual designs, selecting 10,000 for production.
Ecraft Concepts is a digital marketing agency based in Hyderabad, India. They offer a full suite of digital marketing services including digital strategy, SEO, social media marketing, PPC, content marketing, and website design and development. Their team consists of experienced strategists, designers, and programmers. They pride themselves on their industry experience in real estate and education and providing measurable results and growth for clients.
7-Eleven is an international chain of convenience stores known for its unique management system and distribution strategy. It focuses on cleanliness, product assortment, friendly service, and freshness. Its success is built on pillars like unique item management, franchising, efficient store openings, and distribution. Key aspects of its distribution strategy include clustering stores supported by distribution centers, collecting sales data to gain bargaining power over suppliers, and using technology like POS systems to track inventory and customer preferences. This integrated information system allows 7-Eleven to dynamically update products, identify trends, and localize promotions.
The document provides an overview and analysis of Lidl and Aldi's international strategies. It summarizes their operations in key European markets like Germany, France, and the UK. It then performs SWOT analyses of both companies. Finally, it suggests three new potential markets - the USA, China, and Italy - and conducts PEST analyses and recommendations for market entry strategies in each.
First there were supermarket shelves. Then came barcode scanners, then self-checkout lines, and then online shopping. And now “No check-outs!”
Amazon has described Just Walk-out Technology as "a new kind of store with no checkout required". That means, when you shop at Amazon Go, you'll never have to wait in line. The store works with the new Amazon Go app. With that app, you can enter Amazon Go, take the products you want, and go. The first Amazon Go store is basically a grocery store with roughly 1,800 square feet of retail space.
This is an assignment produced by a student at the University of East Anglia National Skills Academy, Norfolk, UK. It focuses on the discount supermarket retailer, Aldi, and looks at ways in which the supermarket could increase their market share by a range of innovative marketing tools and strategies Aldi could adopt as part of their long-term customer-related marketing strategy. Complete with SWOT Analysis and reference list.
This document provides information about the fashion company Zara. It discusses Zara's business model and strategies. Zara is known for its fast fashion approach of quickly moving new trends into stores. The document outlines Zara's mission to provide fast, affordable, and fashionable clothing. It also discusses Zara's supply chain, use of technology, global presence, and competitive advantages like its quick response system and vertically integrated production process.
Finding The New Top of Funnel: In-Store Physical Retail MediaTinuiti
In-store engagements have long been considered the last stop in the consumer journey. But with the rise in digital capabilities, in-store advertising is becoming a search and discovery tactic as well. In-store advertisements are becoming an upper-funnel tactic, a tremendous opportunity for brands in the spaces where customers are ready to buy.
Tune into this session to hear from Tinuiti’s EVP of Commerce, joined by in-store consumer experience platform, Cooler Screens, as they reveal how to connect data points across retail media.
How to Build a Customer-Centric eCommerce StrategySiteworx LLC
The document discusses challenges with implementing new B2B ecommerce technologies and processes. It warns against building old processes around new technologies or assuming digital customers have the same purchase paths as offline buyers. It also recommends going beyond B2C best practices. The document provides poll results on ecommerce topics like important features and challenges. It outlines a strategy for ecommerce projects including defining goals, evaluating processes, working on data, building and releasing in stages, and testing and refining.
IKEA is a Swedish multinational group that manufactures and sells ready-to-assemble furniture, kitchen appliances and home accessories. It is the world's largest furniture retailer, with over 12,000 products sold in stores located in 35 countries. IKEA offers low-cost furniture and home accessories using a direct sales and flat-pack delivery model. It aims to provide affordable prices through efficient operations and sourcing materials in large volumes.
This document provides an agenda and overview of an IKEA case study for entering the Brazilian market. It summarizes IKEA's value chain and hierarchical entry modes, including using joint ventures or strategic alliances. It analyzes the Brazilian market factors and political/economic situation. The suggested entry strategy is licensing to reduce import duties and transportation costs. The situational analysis found opportunities in Brazil's $4.5 billion furniture market dominated by small manufacturers and the need for after-sales support.
Demand forecasting is a technique used to predict consumer demand for goods and services. It is important for suppliers to forecast demand accurately to maintain the optimal level of inventory. Overestimating demand wastes resources while underestimating leads to lost sales. Time series analysis is an objective forecasting method that decomposes historical sales data into trend, seasonality, and irregular components. By analyzing monthly sales data over three years using moving averages and regression, a supplier can forecast sales for the next year with seasonal adjustments to account for periodic fluctuations in demand.
The Four Essential Pillars of Digital TransformationIan Thomas
Based on years of practical experience this whitepaper distils four key pillars we have observed time and again in successful digital initiatives, providing a structured foundation for an orderly, end-to-end digital transformation of the enterprise.
Ikea is reviewing its entire $444 million global media account, which is currently split between a range of agencies across five different holding companies.
Ikea is No. 66 in the ranking of Top 100 Global Marketers compiled by Ad Age's Datacenter. In 2014, the vast majority of Ikea's spending – 79% – was in Europe, with 15% in the U.S. and less than 2% in Asia.
Walmart is a large multinational retail corporation founded in 1962 in Arkansas. It operates stores worldwide and has over 2 million employees. Walmart pioneered strategies like just-in-time inventory and data-driven merchandising that helped drive down prices. However, its expansion into Germany in the late 1990s met with difficulties due to cultural and management differences from its American operations. Walmart ultimately exited Germany in 2006 after failing to adequately adapt to the local market.
Amazon's Purchase of Whole Foods - Impact on Advertising and Marketing Indust...Carter Jensen
Presentation video - https://www.youtube.com/watch?v=dXIWcKyIpT8
In what was the biggest purchase in Amazon history, the online retail giant swallowed up grocery chain Whole Foods for a small sum of 13.7 billion dollars.
The news streamed in last week was very well documented but, with this massive move into grocery, what does this mean to us in advertising? What about the companies our agencies represent?
This keynote covers the perceived strategy behind this acquisition and focuses on how this move is set to change the categories and brands we work with each day.
How ULTA Stays Relevant to Customers Across All Marketing ChannelsAdobe
ULTA is no different than most retailers juggling rewards programs, catalogs, coupons, etc... Communications are critical, and every customer is different. Eric Messerschmidt, ULTA's VP of Loyalty and CRM shares how they stay relevant and drive incremental sales by looking at a single view of the customer across channels, and using Adobe Campaign to manage their campaigns.
Learn more about Adobe Campaign here: http://www.adobe.com/solutions/campaign-management.html
This presentation was give at Adobe Digital Marketing Symposium in San Francisco on September 11, 2013.
This document presents information on Amazon Go, Amazon's cashier-less grocery store. It discusses the problems with traditional grocery stores like long lines and wait times. Amazon Go allows customers to enter the store using their smartphone app, grab the items they want, and leave with their card automatically charged. The store uses computer vision, sensor fusion and deep learning technologies with cameras and weight sensors to identify items taken and detect when customers leave without needing physical checkouts. The goal is to provide a more convenient shopping experience for customers compared to traditional grocery stores.
walmart closes up their shops in germanyaditi sehgal
walmart ,growth of walmart ,sucess of walmart ,cultural barriers ,financial barriers ,effects of walmart after withdrawing from germany , worlds biggest retailer closes up in germany
The document discusses Zara's business model and IT systems. It identifies that Zara uses a just-in-time production and delivery model to bring new fashion items to stores twice weekly. Zara's IT systems currently use outdated technologies like DOS for point-of-sale systems. The document evaluates options to modernize Zara's IT infrastructure, including fully externalizing the project or having internal staff work with external partners. It recommends modernizing systems using a UNIX solution, as this provides the lowest annual fees over 5 years while meeting Zara's needs for improved in-store and headquarters connectivity.
Product Launch Checklist Go To Market Roll Out Marketing Plan PowerPoint Pres...SlideTeam
The document provides a template and overview for developing a product launch plan and marketing plan. It outlines key steps, sections, and considerations for the project overview, product details, target audience, launch timeline, tactics for pre-launch buzz and post-launch momentum, and marketing details. The templates include sections for critical factors, goals, pricing, distribution, and budget. The launch timeline examples activities for internal preparation, channels, customers, and promotional awareness.
flip-kart case study and SWAT analysis after merge Walmart AnubhavMishra70
Flipkart is an Indian e-commerce company that started in 2007 selling books online. It has since expanded into additional product categories and acquired other companies. It aims to provide customers with a wide selection of products and a hassle-free shopping experience. While online retail is growing in India due to increasing internet and smartphone usage, Flipkart faces threats from competitors and needs to continue innovating and optimizing its supply chain to offer competitive prices. Relationship marketing and data analytics can also help Flipkart improve customer retention and targeting.
Keep control of your brand in a fashion omnichannel strategy exhausting Marke...Federico Gasparotto
The document discusses omnichannel fashion strategies and provides examples of business cases. It summarizes Accenture's services including strategy consulting, process consulting, technology consulting, and infrastructure operations. Examples of business cases are provided for companies like Tiffany, Amazon Fashion, Burberry, Farfetch, Superdry, Uniqlo, Nike, and House of Fraser. Emerging trends discussed include augmented reality, Google Glass, and indoor mapping. Common issues addressed are defining strategy and positioning, forecasting potential, maximizing sales, and optimizing investments to become a leading e-commerce player.
Paras Enterprises specializes in providing integrated marketing solutions for various events. They pride themselves on their ability to plan and execute marketing modules precisely while allowing for creativity. They have expertise in areas like brand management, exhibitions, creative production and more. Some of their campaigns include work for clients like Airtel Telemedia, Sify and L&L Builders.
7-Eleven is an international chain of convenience stores known for its unique management system and distribution strategy. It focuses on cleanliness, product assortment, friendly service, and freshness. Its success is built on pillars like unique item management, franchising, efficient store openings, and distribution. Key aspects of its distribution strategy include clustering stores supported by distribution centers, collecting sales data to gain bargaining power over suppliers, and using technology like POS systems to track inventory and customer preferences. This integrated information system allows 7-Eleven to dynamically update products, identify trends, and localize promotions.
The document provides an overview and analysis of Lidl and Aldi's international strategies. It summarizes their operations in key European markets like Germany, France, and the UK. It then performs SWOT analyses of both companies. Finally, it suggests three new potential markets - the USA, China, and Italy - and conducts PEST analyses and recommendations for market entry strategies in each.
First there were supermarket shelves. Then came barcode scanners, then self-checkout lines, and then online shopping. And now “No check-outs!”
Amazon has described Just Walk-out Technology as "a new kind of store with no checkout required". That means, when you shop at Amazon Go, you'll never have to wait in line. The store works with the new Amazon Go app. With that app, you can enter Amazon Go, take the products you want, and go. The first Amazon Go store is basically a grocery store with roughly 1,800 square feet of retail space.
This is an assignment produced by a student at the University of East Anglia National Skills Academy, Norfolk, UK. It focuses on the discount supermarket retailer, Aldi, and looks at ways in which the supermarket could increase their market share by a range of innovative marketing tools and strategies Aldi could adopt as part of their long-term customer-related marketing strategy. Complete with SWOT Analysis and reference list.
This document provides information about the fashion company Zara. It discusses Zara's business model and strategies. Zara is known for its fast fashion approach of quickly moving new trends into stores. The document outlines Zara's mission to provide fast, affordable, and fashionable clothing. It also discusses Zara's supply chain, use of technology, global presence, and competitive advantages like its quick response system and vertically integrated production process.
Finding The New Top of Funnel: In-Store Physical Retail MediaTinuiti
In-store engagements have long been considered the last stop in the consumer journey. But with the rise in digital capabilities, in-store advertising is becoming a search and discovery tactic as well. In-store advertisements are becoming an upper-funnel tactic, a tremendous opportunity for brands in the spaces where customers are ready to buy.
Tune into this session to hear from Tinuiti’s EVP of Commerce, joined by in-store consumer experience platform, Cooler Screens, as they reveal how to connect data points across retail media.
How to Build a Customer-Centric eCommerce StrategySiteworx LLC
The document discusses challenges with implementing new B2B ecommerce technologies and processes. It warns against building old processes around new technologies or assuming digital customers have the same purchase paths as offline buyers. It also recommends going beyond B2C best practices. The document provides poll results on ecommerce topics like important features and challenges. It outlines a strategy for ecommerce projects including defining goals, evaluating processes, working on data, building and releasing in stages, and testing and refining.
IKEA is a Swedish multinational group that manufactures and sells ready-to-assemble furniture, kitchen appliances and home accessories. It is the world's largest furniture retailer, with over 12,000 products sold in stores located in 35 countries. IKEA offers low-cost furniture and home accessories using a direct sales and flat-pack delivery model. It aims to provide affordable prices through efficient operations and sourcing materials in large volumes.
This document provides an agenda and overview of an IKEA case study for entering the Brazilian market. It summarizes IKEA's value chain and hierarchical entry modes, including using joint ventures or strategic alliances. It analyzes the Brazilian market factors and political/economic situation. The suggested entry strategy is licensing to reduce import duties and transportation costs. The situational analysis found opportunities in Brazil's $4.5 billion furniture market dominated by small manufacturers and the need for after-sales support.
Demand forecasting is a technique used to predict consumer demand for goods and services. It is important for suppliers to forecast demand accurately to maintain the optimal level of inventory. Overestimating demand wastes resources while underestimating leads to lost sales. Time series analysis is an objective forecasting method that decomposes historical sales data into trend, seasonality, and irregular components. By analyzing monthly sales data over three years using moving averages and regression, a supplier can forecast sales for the next year with seasonal adjustments to account for periodic fluctuations in demand.
The Four Essential Pillars of Digital TransformationIan Thomas
Based on years of practical experience this whitepaper distils four key pillars we have observed time and again in successful digital initiatives, providing a structured foundation for an orderly, end-to-end digital transformation of the enterprise.
Ikea is reviewing its entire $444 million global media account, which is currently split between a range of agencies across five different holding companies.
Ikea is No. 66 in the ranking of Top 100 Global Marketers compiled by Ad Age's Datacenter. In 2014, the vast majority of Ikea's spending – 79% – was in Europe, with 15% in the U.S. and less than 2% in Asia.
Walmart is a large multinational retail corporation founded in 1962 in Arkansas. It operates stores worldwide and has over 2 million employees. Walmart pioneered strategies like just-in-time inventory and data-driven merchandising that helped drive down prices. However, its expansion into Germany in the late 1990s met with difficulties due to cultural and management differences from its American operations. Walmart ultimately exited Germany in 2006 after failing to adequately adapt to the local market.
Amazon's Purchase of Whole Foods - Impact on Advertising and Marketing Indust...Carter Jensen
Presentation video - https://www.youtube.com/watch?v=dXIWcKyIpT8
In what was the biggest purchase in Amazon history, the online retail giant swallowed up grocery chain Whole Foods for a small sum of 13.7 billion dollars.
The news streamed in last week was very well documented but, with this massive move into grocery, what does this mean to us in advertising? What about the companies our agencies represent?
This keynote covers the perceived strategy behind this acquisition and focuses on how this move is set to change the categories and brands we work with each day.
How ULTA Stays Relevant to Customers Across All Marketing ChannelsAdobe
ULTA is no different than most retailers juggling rewards programs, catalogs, coupons, etc... Communications are critical, and every customer is different. Eric Messerschmidt, ULTA's VP of Loyalty and CRM shares how they stay relevant and drive incremental sales by looking at a single view of the customer across channels, and using Adobe Campaign to manage their campaigns.
Learn more about Adobe Campaign here: http://www.adobe.com/solutions/campaign-management.html
This presentation was give at Adobe Digital Marketing Symposium in San Francisco on September 11, 2013.
This document presents information on Amazon Go, Amazon's cashier-less grocery store. It discusses the problems with traditional grocery stores like long lines and wait times. Amazon Go allows customers to enter the store using their smartphone app, grab the items they want, and leave with their card automatically charged. The store uses computer vision, sensor fusion and deep learning technologies with cameras and weight sensors to identify items taken and detect when customers leave without needing physical checkouts. The goal is to provide a more convenient shopping experience for customers compared to traditional grocery stores.
walmart closes up their shops in germanyaditi sehgal
walmart ,growth of walmart ,sucess of walmart ,cultural barriers ,financial barriers ,effects of walmart after withdrawing from germany , worlds biggest retailer closes up in germany
The document discusses Zara's business model and IT systems. It identifies that Zara uses a just-in-time production and delivery model to bring new fashion items to stores twice weekly. Zara's IT systems currently use outdated technologies like DOS for point-of-sale systems. The document evaluates options to modernize Zara's IT infrastructure, including fully externalizing the project or having internal staff work with external partners. It recommends modernizing systems using a UNIX solution, as this provides the lowest annual fees over 5 years while meeting Zara's needs for improved in-store and headquarters connectivity.
Product Launch Checklist Go To Market Roll Out Marketing Plan PowerPoint Pres...SlideTeam
The document provides a template and overview for developing a product launch plan and marketing plan. It outlines key steps, sections, and considerations for the project overview, product details, target audience, launch timeline, tactics for pre-launch buzz and post-launch momentum, and marketing details. The templates include sections for critical factors, goals, pricing, distribution, and budget. The launch timeline examples activities for internal preparation, channels, customers, and promotional awareness.
flip-kart case study and SWAT analysis after merge Walmart AnubhavMishra70
Flipkart is an Indian e-commerce company that started in 2007 selling books online. It has since expanded into additional product categories and acquired other companies. It aims to provide customers with a wide selection of products and a hassle-free shopping experience. While online retail is growing in India due to increasing internet and smartphone usage, Flipkart faces threats from competitors and needs to continue innovating and optimizing its supply chain to offer competitive prices. Relationship marketing and data analytics can also help Flipkart improve customer retention and targeting.
Keep control of your brand in a fashion omnichannel strategy exhausting Marke...Federico Gasparotto
The document discusses omnichannel fashion strategies and provides examples of business cases. It summarizes Accenture's services including strategy consulting, process consulting, technology consulting, and infrastructure operations. Examples of business cases are provided for companies like Tiffany, Amazon Fashion, Burberry, Farfetch, Superdry, Uniqlo, Nike, and House of Fraser. Emerging trends discussed include augmented reality, Google Glass, and indoor mapping. Common issues addressed are defining strategy and positioning, forecasting potential, maximizing sales, and optimizing investments to become a leading e-commerce player.
Paras Enterprises specializes in providing integrated marketing solutions for various events. They pride themselves on their ability to plan and execute marketing modules precisely while allowing for creativity. They have expertise in areas like brand management, exhibitions, creative production and more. Some of their campaigns include work for clients like Airtel Telemedia, Sify and L&L Builders.
This document provides information on the marketing and advertising services offered by Big Ads, including market research, branding, promotions, and outdoor advertising. Some key services mentioned include brand awareness research, market segmentation analysis, visual merchandising, printing and production facilities, out-of-home advertising, and promotional products. Big Ads works with clients across various industries to understand their goals and create effective advertising campaigns.
This document summarizes ABB's process of revamping their employer brand from focusing on products to focusing on people. They collected data on candidate and employee preferences, identified their key selling points, and engaged an agency to develop a new concept centered around authentic employee stories. This resulted in a brand new video, imagery, and multichannel activation campaign across social media, websites, and search ads. The campaign generated over 22k new job seekers and saw significant engagement metrics, demonstrating the success of shifting to focus on people in their employer brand.
Managing the Digital Transformation. How companies develop successful product...Ingasol GmbH
Digital is oftentimes perceived as a wave of transformational opportunities, as well as threats, that form the ecosystem in which we conduct our daily activities, work and play.
Although the term is most of the times connected with a shift in technology investment, its true implications go beyond technology and into the fields of infrastructure, company culture, leadership, as well as a change of focus on the entire customer experience.
Rohit Garg is presenting a business plan for FINDER, a small gadget that uses voice recognition to activate an alarm if a lost item is called out loud. The key points are:
1. FINDER is a 2cm x 1cm device that can be attached to items and will sound an alarm if the name is called, allowing users to locate lost items using their voice.
2. The presentation outlines the product concept, market opportunity and lack of competition, financial projections showing profitability, and milestones for launching the business.
3. An investment is sought to mass produce and market FINDER, which is projected to sell over 1 million units in the first year and
The Retail Insider Digital Retail Innovations report highlights some of the most interesting technological developments which are taking place in the retail sector. The report contains 50 top innovations from the UK & Ireland and 10 from the rest of the world.
ti&m is a Swiss digital consulting firm that specializes in digital transformation, security, and innovation projects. They offer consulting, design, agile project development, products, and an innovation hosting service called the ti&m garage. Their strengths include vertical integration, talented engineers and consultants, agility, sustainable values, and entrepreneurial spirit. They work with customers in industries such as finance, insurance, energy, life sciences, transportation, and others.
The document discusses emerging business models and their implications for small and medium enterprises (SMEs). It provides examples of companies that have innovated their business models, such as offering products as a service, pay-per-use models, and collaborating with customers. The document also notes that digital transformation is imperative for SMEs to remain competitive, but many SMEs in Singapore have challenges adopting new business models. Some SMEs in Singapore that have successfully adopted new models are highlighted.
The New Innovative muti-platform unique hybrid dynamic franchise model from Sedar Global.
6 platform state of the art unique model to shift the industry of window fashion to a new Era in global business.
Sedar Global is adding the new model of the future franchise models.
This document discusses a technology solution that can revolutionize the in-store experience. It can build brands, attract new customers, and engage existing customers, while reducing operational costs. The solution has been deployed for clients globally like Vodafone, RBL Bank, Toyota, and Rolls Royce. It uses artificial intelligence and augmented reality to increase customer engagement with digital solutions from 5% to 65%. The technology was created by Raghav and Abhinav after winning hackathons and global awards, and can help transform retail stores.
Retailers need to innovate in order to compete with Amazon. However what are the major barriers to innovation and how should retailers organise themselves to innovate and differentiate better.
Driving innovation is not an easy task. It is what companies all over the world strive for. Ensuring you don’t lose sight of the guidelines will help you run an effective innovation program. Here are 6 rules for corporate innovation.
Companies are increasingly launching to learn. Companies such as GE are increasingly prototyping products in order to test them in the marketplace. AirBNB and Uber completely changed their business models after they launched based on consumer reception. This model of beta testing, popularized by companies like Microsoft and Google, is becoming the new norm in consumer products and services. Nicholas discusses how your company or your startup can learn from these organizations, and bring products to market more rapidly and constructively.
View from the Trenches: Lessons Learned in the Enterprise, Ken Durand, Atlant...Lean Startup Co.
Ken Durand, Head of Innovation at the Atlanta Ideas Factory (Ericsson) talks about hitting the ground running with a Lean Startup program only to find that the results were (shall we say) mediocre. In this honest talk, he’ll discuss what it took to get the necessary (continued) support, why it was imperative for the team to do an honest self-assessment of what was going right, and more importantly, what was going wrong. He’ll lead a participatory discussion with the audience on how to hire and lead for innovation.
When it comes to retail, Lesara moves at the speed of light. ⚡️
They’ve perfected the art of spotting trends, designing, producing, and making new inventory available in as little as 10 working days. They coined their approach "agile retail", an evolution of the fast fashion approach. The startup recently raised €35M after its revenues jumped by 175% in 2016.
This impressive growth machine depends greatly on robust operations. The entire value chain is vertically orchestrated, data-driven, supported by a best-in-class logistics setup, processes, systems/IT and team.
We were pleased to welcome Matthias Wilrich, COO & Co-Founder of Lesara to share with us his best practices and tools. Join us for a deep dive into the internal works of one of Europe’s fastest growing company!
Six Things To Make Analytics Work - ExponeaNexteria
This document outlines six key things that make analytics successful: 1) having a visionary leader who pushes limits and seeks continuous improvement, 2) employing internal analytics experts who drive progress, 3) starting with high-impact use cases that provide measurable value, 4) choosing the right business tools to boost productivity, 5) properly collecting, storing, and processing data in databases, and 6) ensuring reliable, well-structured data is captured about key areas like users, business performance, and market trends.
[WSO2Con EU 2018] Unlocking Innovation with API Management While Breaking Dow...WSO2
1) Lindex is a leading fashion chain in Europe with 470 stores across 18 markets and annual turnover of €606 million.
2) They implemented an API management strategy using WSO2 API Manager to break up their monolithic systems and enable multiple customer experience teams to develop solutions independently.
3) This allowed for experiments to deliver more customer value and unlock innovation, while standardizing infrastructure and hiding the monolith behind a layer of APIs.
Digital transformation masterclass june 2016Scopernia
How do you deal with digital transformation in your organization? These are the hand-outs of the masterclass that Jo Caudron is giving. Jo is co-author of the best-selling book on the topic http://www.digitaltransformationbook.com.
Similar to Innovation Idea for Lidl supermarket chain (20)
Presentation by Herman Kienhuis (Curiosity VC) on Investing in AI for ABS Alu...Herman Kienhuis
Presentation by Herman Kienhuis (Curiosity VC) on developments in AI, the venture capital investment landscape and Curiosity VC's approach to investing, at the alumni event of Amsterdam Business School (University of Amsterdam) on June 13, 2024 in Amsterdam.
Best Competitive Marble Pricing in Dubai - ☎ 9928909666Stone Art Hub
Stone Art Hub offers the best competitive Marble Pricing in Dubai, ensuring affordability without compromising quality. With a wide range of exquisite marble options to choose from, you can enhance your spaces with elegance and sophistication. For inquiries or orders, contact us at ☎ 9928909666. Experience luxury at unbeatable prices.
Industrial Tech SW: Category Renewal and CreationChristian Dahlen
Every industrial revolution has created a new set of categories and a new set of players.
Multiple new technologies have emerged, but Samsara and C3.ai are only two companies which have gone public so far.
Manufacturing startups constitute the largest pipeline share of unicorns and IPO candidates in the SF Bay Area, and software startups dominate in Germany.
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Anny Serafina Love - Letter of Recommendation by Kellen Harkins, MS.AnnySerafinaLove
This letter, written by Kellen Harkins, Course Director at Full Sail University, commends Anny Love's exemplary performance in the Video Sharing Platforms class. It highlights her dedication, willingness to challenge herself, and exceptional skills in production, editing, and marketing across various video platforms like YouTube, TikTok, and Instagram.
NIMA2024 | De toegevoegde waarde van DEI en ESG in campagnes | Nathalie Lam |...BBPMedia1
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Cover Story - China's Investment Leader - Dr. Alyce SUmsthrill
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A select set of project management best practices to keep your project on-track, on-cost and aligned to scope. Many firms have don't have the necessary skills, diligence, methods and oversight of their projects; this leads to slippage, higher costs and longer timeframes. Often firms have a history of projects that simply failed to move the needle. These best practices will help your firm avoid these pitfalls but they require fortitude to apply.
2. NAME REG NO GENDER POSITION COUNTRY PICTURE
Ivy Langat 2927669 Female CEO Kenya
Ranjit Nair 2911515 Male CIO India
Mahboob Ali 2916196 Male Technologist Pakistan
Chigbogu Damian
Odoh
2941905 Male Model Maker Nigeria
Kareemat Adebisi 2940462 Female Presenter Nigeria
Muhammed Arshad
Thondikkodan
2906880 Male Researcher India
3. 1. INTRODUCTION TO LIDL
2. INNOVATION AUDIT - SWOT
3. DESCRIPTION OF OUR INNOVATION IDEA+KPI
METRICS
4. TECHNOLOGY DESCRIPTION
5. HOW IT WORKS
6. THE APPROACH
7. THE MODEL
8. REFRENCES
4. Lidl Stiftung & Co. KG is a discount supermarket chain
founded in Germany by Schwarz family. Its established in
20 countries all over Europe. It has over 10,000 stores
across Europe.
Lidl is seen to adapt a range of innovative measures in the
countries they are in. Starting with the Lidl app which lists
the offers, leaflets and opening hours.
5. STRENGTHS • They sell at affordable prices.
• Has private labels and a good range of other branded products too.
• Online presence and online selling.
• Operational efficiency and low expenses model
• Economies of scale
WEAKNESSES • Still relatively small as compared to other brands
• Strong competition from companies such as Aldi
OPPORTUNITIES • Expansion to other European markets
• Expanding into growing economies like Africa, Asia etc.
THREATS • International expansion of other brand would increase competition
• Price war with other retail chains brands
• Macro- environment changes
6. OUR IDEA
We came up with an innovation idea named Grab and Go and it is for Lidl shoppers.
It will facilitate an Easy, Quick and convenient shopping.
No check out lines, no tills, just grab your item and exit the shop.
We are applying advanced technology to sustain the competition.
The Innovation technique is open source/customer centric, easily operated by customers.
Lidl has a potential for expansion, are technologically competitive, open to innovation, value
cost efficiency and has a “good problem” of too many people in the stores and congested car
parks. For these reasons we think our innovation is timely and useful to Lidl.
KPI METRICS
Review by customers
Engagement of customer
Response from managers
Monthly sales growth
7. Our idea of grab and Go works same as the technology in self driving Cars, it works
with the technology like:
Computer vision
Deep learning Algorithms
Sensor fusion Technology
RFID ( Radio Frequency Identification)
Face Detection Technology
Lidl Smart phone App (QR code)
Artificial Intelligence
8.
9. The approach taken for this is mixed. Soft approach is because we are involving
stakeholders and it is processual. Hard approach because of the scientific
involvement of hardware and software system development.
We will use sprinkle strategy testing our idea in different Lidl's’ all over Ireland
this to get varying results and maximize success.
Our idea is more of a Technology push, this is because we are the ones who
identified the problem and came up with a solution to make shopping easier.
The Grab & Go idea is an innovation change because it would present a new
pattern to the shopping experience among the retail industry.
10. PROMPT
• Waiting
longer in
check-out
line
PROPOSAL
• The idea is
communica
ted from
the top
manageme
nt
VALIDATE
• Opinion of
lower
managers
is
demanded
INVENT
• Technology
is designed
and
brought in
MEASURE
• Prototype
and
scaling
takes place
SYSTEMATIC
CHANGE
• Changes are
made to
invention
and
becomes a
norm.
Research (Internal) Development (External)
Chesbrough’s Open Innovation Model (6G)
11.
12. REFRENCES
• Amazon, 2016. Amazon.com: Amazon Go. Amazon Go: Frequently Asked Questions. Available at:
https://www.amazon.com/b?node=16008589011 [Accessed March 20, 2017].
• Anon, A Nice Problem to Have – Why Aldi and Lidl Innovate • Conversation Detail • Kantar Retail.
Available at: https://www.kantarretailiq.com/Conversation/ConversationDetails.aspx?id=1493945 [Accessed
March 21, 2017].
• Bhalla, M., 2013. Waterfall Versus Sprinkler Product Launch Strategy: Influencing the Herd Waterfall
Versus Sprinkler Product Launch Strategy: Influencing the Herd. Journal of Industrial Economics, 61(1),
pp.138–165.
• Chesbrough, Henry, 2005 Open Innovation: The New Imperative for Creating and Profiting from Technology.
Boston, Massachusetts Harvard Business School Press.
• Lidl, 2017. Geschichte - Lidl Deutschland - lidl.de. Available at: https://www.lidl.de/de/geschichte/s1243
[Accessed March 15, 2017].
• Yu, F.-Y. & Wu, C.-P., 2011. A Technology Diffusion Approach to Soft Technology: Its Design and Effects.
Research & Practice in Technology Enhanced Learning, 6(3), pp.187–203.