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Retail reboot: How e-commerce is forcing an industry transformation - The Globe and Mail
The Globe and Mail
Published Friday, Nov. 14 2014

The Future Shop store reinvention is part of a wider retail reboot sweeping through the industry as retailers and malls are being forced to adapt amid the relentless surge of e-commerce. Shopper traffic in stores is in decline. At the same time, e-commerce is soaring and has never been more competitive.

Meanwhile, consumers expect more for less, as retailers increasingly lure them with a variety of new ways to shop in person and online, with added bonuses such as free shipping.

It all adds up to intensifying competition ahead for an industry already at war as big new entrants in Canada battle with established players to win over fickle consumers.
retailers  e-commerce  Marina_Strauss  reboot  expectations  foot_traffic  decline  shopping_malls  new_entrants 
november 2014 by jerryking
The Self-Destruction of the 1 Percent -
October 13, 2012 | | By CHRYSTIA FREELAND.

IN the early 14th century, Venice was one of the richest cities in Europe. At the heart of its economy was the colleganza, a basic form of joint-stock company created to finance a single trade expedition. The brilliance of the colleganza was that it opened the economy to new entrants, allowing risk-taking entrepreneurs to share in the financial upside with the established businessmen who financed their merchant voyages.

Venice’s elites were the chief beneficiaries. Like all open economies, theirs was turbulent. Today, we think of social mobility as a good thing. But if you are on top, mobility also means competition. In 1315, when the Venetian city-state was at the height of its economic powers, the upper class acted to lock in its privileges, putting a formal stop to social mobility with the publication of the Libro d’Oro, or Book of Gold, an official register of the nobility. If you weren’t on it, you couldn’t join the ruling oligarchy.

The political shift, which had begun nearly two decades earlier, was so striking a change that the Venetians gave it a name: La Serrata, or the closure. It wasn’t long before the political Serrata became an economic one, too. Under the control of the oligarchs, Venice gradually cut off commercial opportunities for new entrants. Eventually, the colleganza was banned. The reigning elites were acting in their immediate self-interest, but in the longer term, La Serrata was the beginning of the end for them, and for Venetian prosperity more generally. By 1500, Venice’s population was smaller than it had been in 1330. In the 17th and 18th centuries, as the rest of Europe grew, the city continued to shrink....several recent studies have shown that in America today it is harder to escape the social class of your birth than it is in Europe. The Canadian economist Miles Corak has found that as income inequality increases, social mobility falls...Businessmen like to style themselves as the defenders of the free market economy, but as Luigi Zingales, an economist at the University of Chicago Booth School of Business, argued, “Most lobbying is pro-business, in the sense that it promotes the interests of existing businesses, not pro-market in the sense of fostering truly free and open competition.”
business_interests  capitalism  Chrystia_Freeland  city-states  cronyism  crony_capitalism  depopulation  elitism  entrenched_interests  history  income_distribution  income_inequality  lobbying  locked_in  moguls  new_entrants  oligarchs  pro-business  pro-market  Renaissance  self-destructive  self-interest  social_classes  social_mobility  The_One_Percent  Venice  winner-take-all 
september 2013 by jerryking
The Sales Learning Curve
July-August 2006 | HBR | Mark Leslie and Charles A. Holloway

Because new-product launches often take longer and cost more than expected, many promising offerings are prematurely aborted. Smart
companies give themselves time and money enough to climb the sales learning curve before ramping up the sales force.
HBR  sales  new_entrants  product_launches  learning_curves  new_products 
june 2012 by jerryking
The job of business secretary is to put the future first
Sep 29, 2010 | Financial Times. pg. 15 | John Kay.
There is a difference between being pro-market and being pro-business.
There is also a difference between being pro-business - in the sense of
wanting industry to be healthy, profitable and innovative - and being
supportive of the interests of particular companies....If you were a
government department pondering the future of the computer industry in
the 1970s, you would naturally have turned to IBM for thoughtful
experts and presentations. You would not have consulted Bill Gates or
Steve Jobs, who were barely out of school, or Michael Dell, who was
barely in it. But IBM did not know the future of the industry. If it
had known, it would have tried to prevent it. The interests of the
industry and of consumers were not only different from those of the
dominant business: they were diametrically opposed.
ProQuest  innovation  new_entrants  pro-market  pro-business  crony_capitalism  future 
october 2010 by jerryking
Crovitz: Antitrust Laws Don’t Make Sense with 21st Century Technology -
AUGUST 3, 2009 | Wall Street Journal | By L. GORDON
CROVITZ. The Antitrust Anachronism: When will technology’s ever faster
cycles of creative destruction spell the end of antitrust law? The
Sherman Act and later antitrust laws were supposed to protect consumer
interests. That’s not so easy when regulators have to deal with
industries as different as oil, with its cartels and long product
cycles, and technology, where fast change is a constant necessity for
survival....the traditional approach to antitrust makes no sense in an
industry like technology, in which new entrants routinely topple
seemingly invincible market leaders....Scale matters...The size of the
audience is important...The bottom line is that by the time regulators
can assess a technology market, the market has often moved on.

antitrust  competition  21st._century  product_cycles  creative_destruction  regulation  L._Gordon_Crovtiz  constant_change  scaling  new_entrants  accelerated_lifecycles  regulators  market_leadership  cartels  consumer_protection  consumer_interests  market_sizing 
august 2010 by jerryking

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