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Retailers: Facing the disruption of the traditional ways of doing business

Theodor Purcarea

Romanian Distribution Committee Magazine, 2015, vol. 6, issue 3, 20-23

Abstract: As the way consumers shop continues to change, success is dependent on constant innovation in ensuring a convergent holistic experience, retailers being forced to consider e-commerce and mobile shopping, to align the right customer with the right product or service, while considering technology trends that would change how the businesses operate. As customers data sources are disparate, marketers need to use predictive models supported by the proper sources of information, using data integration and building the right analytical solutions, while facing inaccuracies due to time-consuming validation systems within the context of moving customer information collection to digital channels. Retailers can disrupt the traditional ways of doing business, better understanding that there is a possibility to look for new forms and mechanisms to create value by following the necessary steps of the reframing process, and adequately supporting their transformational aspirations by a skilled workforce sharing the learning environment.

Keywords: Agile supply chain strategy; Technology trends; Reframing beliefs; Experiential learning (search for similar items in EconPapers)
JEL-codes: L81 L86 M31 O14 Q55 (search for similar items in EconPapers)
Date: 2015
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Handle: RePEc:rdc:journl:v:6:y:2015:i:3:p:20-23