Keep evolving - Deepstash
Product Management Essentials

Learn more about business with this collection

Essential product management skills

How to work effectively with cross-functional teams

How to identify and prioritize customer needs

Product Management Essentials

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Keep evolving

Retailers continue to face a changing environment, such as market disruption, changing macroeconomic conditions, competition. 

Consider the following tactics to stay relevant:

  • Embrace disruption from new entrants. Continue to innovate and reinvent.
  • Capture growth opportunities. Acquisition targets can help to leverage or enhance your existing capabilities.
  • Know your competition. Identify emerging direct, indirect, and adjacent competitors.

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A framework for success

Companies fall into one of four groups:

  • Differentiators have a differentiated brand strategy and effective operations.
  • Visionaries only have a differentiated strategy.
  • Doers

65

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How to build strategy, then operations

Hopefuls and doers should put the customer at the centre of their approach in the four brand strategy components: identity, value, perception, and awareness. Then they should build operational capabilities on top of that strategy.

  • Focus on what you do best for your...

59

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Becoming a differentiator

Becoming a differentiator

The path to differentiation depends on whether your company is a hopeful, doer, visionary, or a differentiator.

  • Hopefuls need a strong brand strategy.
  • Doers will benefit from a capabilities-driven strategy. First, identify you...

59

167 reads

Focus on a few operational areas

Operational excellence doesn’t require differentiation in all six areas. Most successful companies focus on only a few of the areas.

Operational areas:

  1. Product offering. Adidas set record-high sales by focusing on its portfolio, where ot...

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A good customer experience is essential

A good customer experience is essential

Competition for brand recognition is fierce. While digital-native newcomers with their tech-savvy, direct-to-consumer approaches enter with ease, the traditional retailers are struggling.

A big part of the problem is the inability to connect with customers. One PwC consumer...

62

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Communicator. Beer geek. Gamer. Analyst. Travel specialist. Freelance explorer.

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