The document summarizes research on the retail sector in India. It finds that:
1) Over 50% of Indian consumer spending is on food, with rural areas spending over 55% and urban 42%.
2) Most Indians are very price sensitive and pressure on food prices gets immediate policy attention.
3) Organized retail provides consumers with more choice, convenience and better shopping but impacts unorganized retailers through reduced sales and profits initially, though this effect lessens over time.
4) Both consumers and farmers generally benefit from organized retail through increased spending, savings, higher prices and profits. Manufacturers have adapted through branding and dedicated retailer teams.
Business marketing differs from consumer marketing in several key ways. Business markets have fewer but larger customers that account for a higher percentage of revenue. Sales are made through personal relationships rather than remotely. Products are often customized and service is highly valued. Purchases are made for others down the supply chain. Costs include those of use beyond the purchase. Exchanges involve negotiation and a strategic long-term view. Marketing must understand the customer's customer to identify opportunities in the value chain.
This document summarizes key concepts from Chapter 11 on situational influences on consumer behavior. It discusses how consumer situations consist of temporary environmental factors that form the context for consumer activities. It identifies different types of situational influences including physical surroundings, social surroundings, time, task definition, and antecedent states. It provides various examples of how these situational factors can influence behaviors like shopping, gift giving, and product choices.
Loyalty programs aim to increase profits by improving customer retention and purchasing behavior. Effective programs consider customer satisfaction levels, reward structures, and partnership networks to optimize the satisfaction-loyalty-profit chain at both aggregate and individual levels. Properly designed programs evaluate profitability from customers over time to ensure loyalty initiatives enhance business models and financial returns.
The document discusses situational influences on buyer behavior and perception. It describes situational influences as factors outside the individual buyer that affect purchase decisions. These include physical surroundings, social surroundings, temporal perspectives, task definition, and antecedent states. Marketers should consider how these situational factors interact with products and buyers to influence choices. The document also discusses perception and how individuals select, organize, and interpret information differently based on their needs, experiences, and expectations. Marketers must be aware of perceptual biases and how customers perceive products relative to their self-image.
The document discusses disaster preparedness and response strategies for earthquakes in Sikkim, India. It emphasizes the importance of understanding the local terrain and vulnerabilities, effective community communication and alert systems, immediate rescue and evacuation assistance from local NGOs, identifying and supporting vulnerable groups, ensuring immediate needs are met, organizing and communicating data to stakeholders, designing support for trauma, establishing temporary shelters, and facilitating the return to normal life through rebuilding and mitigation efforts. The document provides an overview of many important factors to consider after an earthquake to save lives and support communities.
The document discusses the future of customer service and experience. It notes that customer experience goes beyond just customer service by being a full, end-to-end experience from first hearing about a company to receiving a purchased product. It also discusses how customer experience will be a key factor for various industries like retail, government, healthcare and finance. The retail sector in particular will be dominated by customer experience as customers have more choices and ways to access those choices through different channels.
The document discusses the future of customer experience. It begins by explaining that every interaction a customer has with a company, such as shipping a package or calling an insurance provider, is part of a service system. Good service design can transform a company's image and improve people's lives. The document then discusses how companies are now focusing on customer experience, which encompasses the full interaction from first hearing about a company to receiving a product. It also discusses how customers hire products and services to get jobs done in their lives, not just buy products.
Business marketing differs from consumer marketing in several key ways. Business markets have fewer but larger customers that account for a higher percentage of revenue. Sales are made through personal relationships rather than remotely. Products are often customized and service is highly valued. Purchases are made for others down the supply chain. Costs include those of use beyond the purchase. Exchanges involve negotiation and a strategic long-term view. Marketing must understand the customer's customer to identify opportunities in the value chain.
This document summarizes key concepts from Chapter 11 on situational influences on consumer behavior. It discusses how consumer situations consist of temporary environmental factors that form the context for consumer activities. It identifies different types of situational influences including physical surroundings, social surroundings, time, task definition, and antecedent states. It provides various examples of how these situational factors can influence behaviors like shopping, gift giving, and product choices.
Loyalty programs aim to increase profits by improving customer retention and purchasing behavior. Effective programs consider customer satisfaction levels, reward structures, and partnership networks to optimize the satisfaction-loyalty-profit chain at both aggregate and individual levels. Properly designed programs evaluate profitability from customers over time to ensure loyalty initiatives enhance business models and financial returns.
The document discusses situational influences on buyer behavior and perception. It describes situational influences as factors outside the individual buyer that affect purchase decisions. These include physical surroundings, social surroundings, temporal perspectives, task definition, and antecedent states. Marketers should consider how these situational factors interact with products and buyers to influence choices. The document also discusses perception and how individuals select, organize, and interpret information differently based on their needs, experiences, and expectations. Marketers must be aware of perceptual biases and how customers perceive products relative to their self-image.
The document discusses disaster preparedness and response strategies for earthquakes in Sikkim, India. It emphasizes the importance of understanding the local terrain and vulnerabilities, effective community communication and alert systems, immediate rescue and evacuation assistance from local NGOs, identifying and supporting vulnerable groups, ensuring immediate needs are met, organizing and communicating data to stakeholders, designing support for trauma, establishing temporary shelters, and facilitating the return to normal life through rebuilding and mitigation efforts. The document provides an overview of many important factors to consider after an earthquake to save lives and support communities.
The document discusses the future of customer service and experience. It notes that customer experience goes beyond just customer service by being a full, end-to-end experience from first hearing about a company to receiving a purchased product. It also discusses how customer experience will be a key factor for various industries like retail, government, healthcare and finance. The retail sector in particular will be dominated by customer experience as customers have more choices and ways to access those choices through different channels.
The document discusses the future of customer experience. It begins by explaining that every interaction a customer has with a company, such as shipping a package or calling an insurance provider, is part of a service system. Good service design can transform a company's image and improve people's lives. The document then discusses how companies are now focusing on customer experience, which encompasses the full interaction from first hearing about a company to receiving a product. It also discusses how customers hire products and services to get jobs done in their lives, not just buy products.
Conventional retailing refers to traditional small retail formats like local kirana shops. These shops are family-run with low investment and lack standardization. They make up 98% of India's retail sector. They remain popular due to proximity, credit options, and efficient management systems. However, organized retail is growing at 35% annually and poses a threat with modern practices and formats. E-commerce is also transforming retail by offering convenience and new ways for customers and retailers to interact.
The document discusses how consumer shopping behavior has permanently changed as a result of the recession. It notes that 72% of shoppers have changed their behavior, focusing more on practical purchases rather than deals. Younger generations like Gen X and Gen Y will drive spending recovery. Retailers need to adapt to this "new normal" by appealing to these generations and recognizing shopping is now more deliberate and purposeful with an emphasis on value. The recession has increased consumers' focus on savings techniques and maximizing deals, so retailers need to make promotions easily accessible across all channels to engage these thoughtful shoppers.
The document summarizes the growth and transformation of India's retail sector. It notes that India's retail market has more than doubled in size between 2001-2002 and 2005-2006 to $311.7 billion. The organized retail segment is growing and expected to increase its contribution to the total retail sector from 4.15% to over 15% by 2010-2011. Major retail segments like food and apparel are growing rapidly. The entry of foreign retailers through FDI has benefits like increased competition and employment but also risks like job losses for small retailers. The future of India's retail market is expected to see further growth in modern retail formats and evolving consumer preferences.
I approached existing credit card and cash customers who had recently purchased durable products to offer them the option to finance their purchase through Bajaj Finserv. By pitching the benefits of financing such as 0% interest and easy EMI repayment options, I was able to convert over 50 customers from credit card or cash payments to availing financing from Bajaj Finserv. This helped boost sales and also expanded the customer base by bringing in new financed customers. Regular follow ups ensured that customers understood repayment process and were satisfied with the financing option.
This document provides an introduction and synopsis for a study on changing consumer preferences from unorganized to organized retailing. It outlines the objectives of studying factors that influence customer satisfaction and benefits of organized retail. The research methodology will use a questionnaire with a sample of 50 consumers in Mysore, India to understand attitudes towards and experiences with organized and unorganized retail outlets. Limitations include a small sample size and potential for personal bias.
The document discusses MyPopCoins (MPC), a digital loyalty program that allows users to earn points from everyday spending. MPC aims to help retailers build loyalty by rewarding purchases and increase consumer purchasing power. It provides an umbrella program where users can earn points across retailers. The document then discusses industries like food/restaurants, apparel, and wellness that can benefit from MPC's digital visibility and marketing tools. It compares MPC's program to traditional loyalty programs and outlines benefits for retailers like cost savings and increased sales. Finally, it describes how customers can find deals, earn and redeem points, and the transparency MPC provides to retailers.
DIFFERENT LOYALTY PROGRAMS IN BIG BAZAAR AND ITS VALUE TO THE CUSTOMER.NITESH RANJAN
This is a Project work done with the research o the Loyalty programs in Big Bazaar at the time of 2015 during Marketing internship at Jamshedpur store. It covers most of the information about the response of customer towards the loyalty programs through the pie charts and subjective matter according to the Market situation at that time.
Sdm questions and answers [jatin gadhiya]Prakash Goti
The document discusses various channel systems used in marketing, including vertical, horizontal, and multi-channel systems. It also discusses retailers and the retail trade, defining a retailer as the last link in the distribution channel. The document notes that retailers break bulk into suitable lots for consumers and are best positioned to understand customer expectations. It also outlines factors that influence customer choice of retailer, including price, location, product selection, services, and salesperson helpfulness. Global and Indian retail trends are also summarized.
Retailers recognize store associates as a decisive factor in improving the shopping experience, but are not fully aligned with shopper priorities and preferences. While retailers focus on problems like unhelpful associates and slow checkout, shoppers' top concerns are out of stock items and unclear pricing. Retailers also lag behind in empowering associates with mobile technologies that could help address shopper needs. Overall, there is a disconnect between retailer strategies and what shoppers want from store associates.
What is a vendor-managed inventory system?ThreadSol
In VMI, the inventory at the buyer’s end is managed and monitored essentially by the supplier/vendor or the upstream supply chain partner.
Read this post by apparel industry expert, Mausmi Ambastha, to understand the concept better.
The document discusses strategies for banks to increase revenue in challenging economic environments. It recommends focusing on cross-selling additional products to existing customers, leveraging branch networks as distribution points, expanding small business lending, and using customer credit data to identify other opportunities. The document also suggests that mergers or acquisitions may be necessary for some banks to achieve necessary scale, expand into new markets, and diversify their business lines in order to survive difficult conditions.
Business Fitness For Retail & WholesaleChris Brown
Expense Reduction Analysts is a consulting firm that focuses on reducing costs for retail and wholesale clients while maintaining service levels. The document discusses the challenges currently facing the retail and wholesale industries, including economic pressures and changes in consumer behavior driven by technology. It emphasizes that while cost reduction is important, retailers must partner with suppliers that can deliver both savings and high-quality service to avoid compromising their operations or customer experience. The document provides advice on procurement best practices and highlights the strategic value suppliers can provide beyond price, such as new ideas and market insights.
The document discusses the opportunities and challenges facing the retail industry in India as it aims to become a $1.2 trillion market by 2020. It argues that the traditional brick-and-mortar retail model will not be sufficient due to India's large geographic size and population. Instead, it advocates for an integrated multichannel retailing approach that combines online and offline shopping channels. This model could help retailers better engage customers across different channels and locations. The document also notes that FMCG (fast moving consumer goods) companies will play an important role in the evolution of this integrated retail environment in India.
Mobile loyalty programs have advantages for both customers and retailers. For customers, mobile loyalty apps allow them to track rewards progress, redeem rewards, get coupons, and check-in at stores. For retailers, mobile loyalty programs build customer loyalty, increase brand value, understand customer purchase behavior, and aid financial well-being by identifying important customers. However, there are still needs around strengthening IT infrastructure in Indian retail, improving customer authentication methods, and creating simpler interfaces for mobile loyalty programs. Addressing these gaps could help bridge the gap between customer satisfaction and loyalty.
Adapting to the COVID-19 Pandemic Engaging Customers and Managing a Marketing...Nicholas Bodkins
Simon Data Strategic Advisory Team's analysis on ways marketers are adapting during the COVID-19 Pandemic, and how marketers can continue to engage customers and manage their marketing function.
Business Market and Business Buyer Behavior - Philip Kotler & Gary ArmstrongMD Tamal
Business Market and Business Buyer Behavior - Chapter 6,Principle of Marketing,briefly discussed by MD AMA Tamal,student of University of Barisal-Faculty of Business Studies.
Thanks for visiting.
The document discusses various drivers of retailing in India such as rising incomes, changing consumer behavior, increased media exposure, entry of corporate sector, and new entrepreneurs. It also discusses key influences on brand growth including distribution, consumer and trade promotions, and advertising. The research methodology section outlines the sample size of 100 shoppers, data collection tools such as questionnaires, and data analysis tools including percentage analysis and correlation. The findings show that the majority of respondents are between 25-40 years old, earn 1-5 lakhs annually, work in services or are students, and primarily purchase from local kirana shops.
Scope And Importance Of Retail Industry In India.pptxTHINK WITH NICHE
Consumers benefit from retailing because merchants engage in marketing activities that allow them to explore a diverse selection of products and services. Retailing also plays a role in the formation of a sense of place, time, and ownership. The service given by a merchant also helps to improve the image of a product. Retailing has a large economic impact. It necessitates a large annual revenue and personnel. Hence. retail business in India holds profound importance.
4 Benefits of Partnering with an OnlyFans Agency for Content Creators.pdfonlyfansmanagedau
In the competitive world of content creation, standing out and maximising revenue on platforms like OnlyFans can be challenging. This is where partnering with an OnlyFans agency can make a significant difference. Here are five key benefits for content creators considering this option:
Best practices for project execution and deliveryCLIVE MINCHIN
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.
Conventional retailing refers to traditional small retail formats like local kirana shops. These shops are family-run with low investment and lack standardization. They make up 98% of India's retail sector. They remain popular due to proximity, credit options, and efficient management systems. However, organized retail is growing at 35% annually and poses a threat with modern practices and formats. E-commerce is also transforming retail by offering convenience and new ways for customers and retailers to interact.
The document discusses how consumer shopping behavior has permanently changed as a result of the recession. It notes that 72% of shoppers have changed their behavior, focusing more on practical purchases rather than deals. Younger generations like Gen X and Gen Y will drive spending recovery. Retailers need to adapt to this "new normal" by appealing to these generations and recognizing shopping is now more deliberate and purposeful with an emphasis on value. The recession has increased consumers' focus on savings techniques and maximizing deals, so retailers need to make promotions easily accessible across all channels to engage these thoughtful shoppers.
The document summarizes the growth and transformation of India's retail sector. It notes that India's retail market has more than doubled in size between 2001-2002 and 2005-2006 to $311.7 billion. The organized retail segment is growing and expected to increase its contribution to the total retail sector from 4.15% to over 15% by 2010-2011. Major retail segments like food and apparel are growing rapidly. The entry of foreign retailers through FDI has benefits like increased competition and employment but also risks like job losses for small retailers. The future of India's retail market is expected to see further growth in modern retail formats and evolving consumer preferences.
I approached existing credit card and cash customers who had recently purchased durable products to offer them the option to finance their purchase through Bajaj Finserv. By pitching the benefits of financing such as 0% interest and easy EMI repayment options, I was able to convert over 50 customers from credit card or cash payments to availing financing from Bajaj Finserv. This helped boost sales and also expanded the customer base by bringing in new financed customers. Regular follow ups ensured that customers understood repayment process and were satisfied with the financing option.
This document provides an introduction and synopsis for a study on changing consumer preferences from unorganized to organized retailing. It outlines the objectives of studying factors that influence customer satisfaction and benefits of organized retail. The research methodology will use a questionnaire with a sample of 50 consumers in Mysore, India to understand attitudes towards and experiences with organized and unorganized retail outlets. Limitations include a small sample size and potential for personal bias.
The document discusses MyPopCoins (MPC), a digital loyalty program that allows users to earn points from everyday spending. MPC aims to help retailers build loyalty by rewarding purchases and increase consumer purchasing power. It provides an umbrella program where users can earn points across retailers. The document then discusses industries like food/restaurants, apparel, and wellness that can benefit from MPC's digital visibility and marketing tools. It compares MPC's program to traditional loyalty programs and outlines benefits for retailers like cost savings and increased sales. Finally, it describes how customers can find deals, earn and redeem points, and the transparency MPC provides to retailers.
DIFFERENT LOYALTY PROGRAMS IN BIG BAZAAR AND ITS VALUE TO THE CUSTOMER.NITESH RANJAN
This is a Project work done with the research o the Loyalty programs in Big Bazaar at the time of 2015 during Marketing internship at Jamshedpur store. It covers most of the information about the response of customer towards the loyalty programs through the pie charts and subjective matter according to the Market situation at that time.
Sdm questions and answers [jatin gadhiya]Prakash Goti
The document discusses various channel systems used in marketing, including vertical, horizontal, and multi-channel systems. It also discusses retailers and the retail trade, defining a retailer as the last link in the distribution channel. The document notes that retailers break bulk into suitable lots for consumers and are best positioned to understand customer expectations. It also outlines factors that influence customer choice of retailer, including price, location, product selection, services, and salesperson helpfulness. Global and Indian retail trends are also summarized.
Retailers recognize store associates as a decisive factor in improving the shopping experience, but are not fully aligned with shopper priorities and preferences. While retailers focus on problems like unhelpful associates and slow checkout, shoppers' top concerns are out of stock items and unclear pricing. Retailers also lag behind in empowering associates with mobile technologies that could help address shopper needs. Overall, there is a disconnect between retailer strategies and what shoppers want from store associates.
What is a vendor-managed inventory system?ThreadSol
In VMI, the inventory at the buyer’s end is managed and monitored essentially by the supplier/vendor or the upstream supply chain partner.
Read this post by apparel industry expert, Mausmi Ambastha, to understand the concept better.
The document discusses strategies for banks to increase revenue in challenging economic environments. It recommends focusing on cross-selling additional products to existing customers, leveraging branch networks as distribution points, expanding small business lending, and using customer credit data to identify other opportunities. The document also suggests that mergers or acquisitions may be necessary for some banks to achieve necessary scale, expand into new markets, and diversify their business lines in order to survive difficult conditions.
Business Fitness For Retail & WholesaleChris Brown
Expense Reduction Analysts is a consulting firm that focuses on reducing costs for retail and wholesale clients while maintaining service levels. The document discusses the challenges currently facing the retail and wholesale industries, including economic pressures and changes in consumer behavior driven by technology. It emphasizes that while cost reduction is important, retailers must partner with suppliers that can deliver both savings and high-quality service to avoid compromising their operations or customer experience. The document provides advice on procurement best practices and highlights the strategic value suppliers can provide beyond price, such as new ideas and market insights.
The document discusses the opportunities and challenges facing the retail industry in India as it aims to become a $1.2 trillion market by 2020. It argues that the traditional brick-and-mortar retail model will not be sufficient due to India's large geographic size and population. Instead, it advocates for an integrated multichannel retailing approach that combines online and offline shopping channels. This model could help retailers better engage customers across different channels and locations. The document also notes that FMCG (fast moving consumer goods) companies will play an important role in the evolution of this integrated retail environment in India.
Mobile loyalty programs have advantages for both customers and retailers. For customers, mobile loyalty apps allow them to track rewards progress, redeem rewards, get coupons, and check-in at stores. For retailers, mobile loyalty programs build customer loyalty, increase brand value, understand customer purchase behavior, and aid financial well-being by identifying important customers. However, there are still needs around strengthening IT infrastructure in Indian retail, improving customer authentication methods, and creating simpler interfaces for mobile loyalty programs. Addressing these gaps could help bridge the gap between customer satisfaction and loyalty.
Adapting to the COVID-19 Pandemic Engaging Customers and Managing a Marketing...Nicholas Bodkins
Simon Data Strategic Advisory Team's analysis on ways marketers are adapting during the COVID-19 Pandemic, and how marketers can continue to engage customers and manage their marketing function.
Business Market and Business Buyer Behavior - Philip Kotler & Gary ArmstrongMD Tamal
Business Market and Business Buyer Behavior - Chapter 6,Principle of Marketing,briefly discussed by MD AMA Tamal,student of University of Barisal-Faculty of Business Studies.
Thanks for visiting.
The document discusses various drivers of retailing in India such as rising incomes, changing consumer behavior, increased media exposure, entry of corporate sector, and new entrepreneurs. It also discusses key influences on brand growth including distribution, consumer and trade promotions, and advertising. The research methodology section outlines the sample size of 100 shoppers, data collection tools such as questionnaires, and data analysis tools including percentage analysis and correlation. The findings show that the majority of respondents are between 25-40 years old, earn 1-5 lakhs annually, work in services or are students, and primarily purchase from local kirana shops.
Scope And Importance Of Retail Industry In India.pptxTHINK WITH NICHE
Consumers benefit from retailing because merchants engage in marketing activities that allow them to explore a diverse selection of products and services. Retailing also plays a role in the formation of a sense of place, time, and ownership. The service given by a merchant also helps to improve the image of a product. Retailing has a large economic impact. It necessitates a large annual revenue and personnel. Hence. retail business in India holds profound importance.
4 Benefits of Partnering with an OnlyFans Agency for Content Creators.pdfonlyfansmanagedau
In the competitive world of content creation, standing out and maximising revenue on platforms like OnlyFans can be challenging. This is where partnering with an OnlyFans agency can make a significant difference. Here are five key benefits for content creators considering this option:
Best practices for project execution and deliveryCLIVE MINCHIN
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.
Garments ERP Software in Bangladesh _ Pridesys IT Ltd.pdfPridesys IT Ltd.
Pridesys Garments ERP is one of the leading ERP solution provider, especially for Garments industries which is integrated with
different modules that cover all the aspects of your Garments Business. This solution supports multi-currency and multi-location
based operations. It aims at keeping track of all the activities including receiving an order from buyer, costing of order, resource
planning, procurement of raw materials, production management, inventory management, import-export process, order
reconciliation process etc. It’s also integrated with other modules of Pridesys ERP including finance, accounts, HR, supply-chain etc.
With this automated solution you can easily track your business activities and entire operations of your garments manufacturing
proces
Cover Story - China's Investment Leader - Dr. Alyce SUmsthrill
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
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.
The APCO Geopolitical Radar - Q3 2024 The Global Operating Environment for Bu...APCO
The Radar reflects input from APCO’s teams located around the world. It distils a host of interconnected events and trends into insights to inform operational and strategic decisions. Issues covered in this edition include:
The Genesis of BriansClub.cm Famous Dark WEb PlatformSabaaSudozai
BriansClub.cm, a famous platform on the dark web, has become one of the most infamous carding marketplaces, specializing in the sale of stolen credit card data.
Navigating the world of forex trading can be challenging, especially for beginners. To help you make an informed decision, we have comprehensively compared the best forex brokers in India for 2024. This article, reviewed by Top Forex Brokers Review, will cover featured award winners, the best forex brokers, featured offers, the best copy trading platforms, the best forex brokers for beginners, the best MetaTrader brokers, and recently updated reviews. We will focus on FP Markets, Black Bull, EightCap, IC Markets, and Octa.
Profiles of Iconic Fashion Personalities.pdfTTop Threads
The fashion industry is dynamic and ever-changing, continuously sculpted by trailblazing visionaries who challenge norms and redefine beauty. This document delves into the profiles of some of the most iconic fashion personalities whose impact has left a lasting impression on the industry. From timeless designers to modern-day influencers, each individual has uniquely woven their thread into the rich fabric of fashion history, contributing to its ongoing evolution.
Ellen Burstyn: From Detroit Dreamer to Hollywood Legend | CIO Women MagazineCIOWomenMagazine
In this article, we will dive into the extraordinary life of Ellen Burstyn, where the curtains rise on a story that's far more attractive than any script.
Part 2 Deep Dive: Navigating the 2024 Slowdownjeffkluth1
Introduction
The global retail industry has weathered numerous storms, with the financial crisis of 2008 serving as a poignant reminder of the sector's resilience and adaptability. However, as we navigate the complex landscape of 2024, retailers face a unique set of challenges that demand innovative strategies and a fundamental shift in mindset. This white paper contrasts the impact of the 2008 recession on the retail sector with the current headwinds retailers are grappling with, while offering a comprehensive roadmap for success in this new paradigm.
The Most Inspiring Entrepreneurs to Follow in 2024.pdfthesiliconleaders
In a world where the potential of youth innovation remains vastly untouched, there emerges a guiding light in the form of Norm Goldstein, the Founder and CEO of EduNetwork Partners. His dedication to this cause has earned him recognition as a Congressional Leadership Award recipient.
[To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
This presentation is a curated compilation of PowerPoint diagrams and templates designed to illustrate 20 different digital transformation frameworks and models. These frameworks are based on recent industry trends and best practices, ensuring that the content remains relevant and up-to-date.
Key highlights include Microsoft's Digital Transformation Framework, which focuses on driving innovation and efficiency, and McKinsey's Ten Guiding Principles, which provide strategic insights for successful digital transformation. Additionally, Forrester's framework emphasizes enhancing customer experiences and modernizing IT infrastructure, while IDC's MaturityScape helps assess and develop organizational digital maturity. MIT's framework explores cutting-edge strategies for achieving digital success.
These materials are perfect for enhancing your business or classroom presentations, offering visual aids to supplement your insights. Please note that while comprehensive, these slides are intended as supplementary resources and may not be complete for standalone instructional purposes.
Frameworks/Models included:
Microsoft’s Digital Transformation Framework
McKinsey’s Ten Guiding Principles of Digital Transformation
Forrester’s Digital Transformation Framework
IDC’s Digital Transformation MaturityScape
MIT’s Digital Transformation Framework
Gartner’s Digital Transformation Framework
Accenture’s Digital Strategy & Enterprise Frameworks
Deloitte’s Digital Industrial Transformation Framework
Capgemini’s Digital Transformation Framework
PwC’s Digital Transformation Framework
Cisco’s Digital Transformation Framework
Cognizant’s Digital Transformation Framework
DXC Technology’s Digital Transformation Framework
The BCG Strategy Palette
McKinsey’s Digital Transformation Framework
Digital Transformation Compass
Four Levels of Digital Maturity
Design Thinking Framework
Business Model Canvas
Customer Journey Map
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.
IMPACT Silver is a pure silver zinc producer with over $260 million in revenue since 2008 and a large 100% owned 210km Mexico land package - 2024 catalysts includes new 14% grade zinc Plomosas mine and 20,000m of fully funded exploration drilling.
4. 51% 55% Rural India
42% Urban India
On average in 2004, Indian consumers spent about 51 per cent of their total expenditure on food; in
rural areas, that figure was about 55 per cent and in urban areas it was 42 per cent according to the
National Sample Survey (Planning Commission 2004).
5. Most Indians are very price sensitive. Any pressure on prices, especially for food, gets the immediate
attention of policymakers. For example, the onion crisis in the summer of 1998 paved the way for the
exit of the ruling government at that time (Desai 1999).
The emergence of organized retail undoubtedly gives consumers a wider choice of goods, more
convenience, and a better shopping environment, among other benefits. This is feasible because
organized retail can take several formats, from small neighbourhood stores in densely populated cities
with high real estate prices to large air-conditioned malls in the periphery where real estate is cheaper.
Organized retail can appear small but spread in all local markets, providing the convenience of a
neighbourhood kirana store but with procurement on a mass scale that keeps prices low and provides
greater variety. With a reasonably long history of organized retail, the United States has shown that
many organized retailers have been able to hold retail prices down, especially for mass-consumption
goods. Fishman (2006) shows that retailers like Wal-Mart have held the US inflation rate down by at
least one percentage point (normal inflation hovers around 2–4 per cent). The success of such retailers
to hold the price line comes largely from their efficient national and global sourcing and scale
economies. In India, given a very large price-sensitive population, holding the price line for a large
mass of consumers could be a great boon to consumer welfare.
6. Impact on Unorganized Retailers Impact on Consumers
• Unorganized retailers in the vicinity of organized retailers • Consumers have definitely gained from organized retail on
experienced a decline in their volume of business and profit in multiple counts.
the initial years after the entry of large organized retailers. • Overall consumer spending has increased with the entry of
• The adverse impact on sales and profit weakens over time. the organized retail.
• There was no evidence of a decline in overall employment in • While all income groups saved through organized retail
the unorganized sector as a result of the entry of organized purchases, the survey revealed that lower income consumers
retailers. saved more. Thus, organized retail is relatively more beneficial
• There is some decline in employment in the North and West to the less well-off consumers.
regions which, however, also weakens over time. • Proximity is a major comparative advantage of unorganized
• The rate of closure of unorganized retail shops in gross outlets.
terms is found to be 4.2 per cent per annum which is much • Unorganized retailers have significant competitive strengths
lower than the international rate of closure of small that include consumer goodwill, credit sales, amenability to
businesses. bargaining, ability to sell loose items, convenient timings, and
• The rate of closure on account of competition from home delivery.
organized retail is lower still at 1.7 per cent per annum.
• There is competitive response from traditional retailers
through improved business practices and technology
upgradation.
• A majority of unorganized retailers is keen to stay in the
Impact on Intermediaries
business and compete, while also wanting the next generation
• There is some adverse impact on turnover and profit of
to continue likewise.
intermediaries dealing in products such as, fruit, vegetables,
• Small retailers have been extending more credit to attract
and apparel.
and retain customers.
• Over two-thirds of the intermediaries plan to expand their
• However, only 12 per cent of unorganized retailers have
businesses in response to increased business opportunities
access to institutional credit and 37 per cent felt the need for
opened by the expansion of retail.
better access to commercial bank credit.
• Only 22 per cent do not want the next generation to enter
• Most unorganized retailers are committed to remaining
the same business.
independent and barely 10 per cent preferred to become
franchisees of organized retailers.
7. Impact on Farmers Impact on Manufacturers
• Farmers benefit significantly from the option of direct sales to • Large manufacturers have started feeling the competitive
organized retailers. impact of organized retail through price and payment
• Average price realization for cauliflower farmers selling pressures.
directly to organized retail is about 25 per cent higher than • Manufacturers have responded through building and
their proceeds from sale to regulated government mandi. reinforcing their brand strength, increasing their own retail
• Profit realization for farmers selling directly to organized presence, ‘adopting’ small retailers, and setting up dedicated
retailers is about 60 per cent higher than that received from teams to deal with modern retailers.
selling in the mandi • Entry of organized retail is transforming the logistics industry.
• The difference is even larger when the amount charged by This will create significant positive externalities across the
the commission agent (usually 10 per cent of sale price) in the economy.
mandi is taken into account. • Small manufacturers did not report any significant impact of
organized retail.
Direction 1
Future of food and grocery retail experience in India :
Getting organized retail to grow in Indian market on the basis of understanding of strengths of unorganized
sector (e.g. kirana stores know the beat of consumer, they have advantage of location accessibility – can we
understand these advantages for consumer and integrate it with organized retail?)
8. Direction 2
Can we relook this
process of payment and
retail invoice/ bills from a
customer’s point of view?
Apps like Moneybook,
Birdy etc. aim to do the
same thing but most of
them look like they are
meant for business users,
can we find a more
home based purchases,
managing everyday
transactions – quick and
hassle free, with not a lot
of technology involved
Shopping Diary
Clockwise from the top: Movie ticket, things I buy using my credit card, my bank
statement, electricity bill
9. Online Retail in India
(Inforgraphic file attached)
Direction 3 :
Understanding the scope of online retail in India, perceptions related to it, what is acceptable as online
purchase and what needs to be purchased only from a shop, inhibitions related to mobile/ online
shopping.