255: Moving Beyond The Traditional Business Model

09/11/23 • 32 min

1 Listener

Retail Transformation Show with Oliver Banks

In an era where classic retail growth has decelerated and market shares have become increasingly elusive, businesses must look beyond the traditional boundaries to secure their future. The challenge? Venturing into new terrains requires more than just an innovative mindset—it calls for strategic adaptations, perseverance, and the acumen to turn intangible assets into profitable avenues. In this episode, we’ll dive deep into the innovative strategies businesses are adopting, from leveraging retail media and technology to harnessing the power of once 'valueless' assets. Join Oliver Banks and get ready to explore the expansive realms of the possible.

Listen to this episode to hear:

The new avenues businesses are tapping into beyond the classic retail model.
How Amazon evolved adding profitable elements through non-traditional business models.
Why you must find the assets in your company that have no direct financial value.
Potential pitfalls and challenges to anticipate as retailers expand their horizons.

The full show notes are at www.obandco.uk/255.

Listen to this episode to hear:

The new avenues businesses are tapping into beyond the classic retail model.
How Amazon evolved adding profitable elements through non-traditional business models.
Why you must find the assets in your company that have no direct financial value.
Potential pitfalls and challenges to anticipate as retailers expand their horizons.

The full show notes are at www.obandco.uk/255.

Previous Episode

254: When Is Transformation Not Transformation

In today's dynamic retail environment, the term "transformation" is brandished as the cure-all for a myriad of challenges. It's a buzzword that is easily thrown around but may mis-set expectations. But what does genuine transformation look like? Dive deep with Oliver Banks in this podcast episode to unpack the misconceptions surrounding retail "transformation" as well as "digital transformation" and discover the signs of genuine, impactful change. Listen now to debunk myths, understand authentic transformation, and recalibrate your perspective.

Listen to this podcast episode to discover:

Instances and examples where transformation is incorrectly used and the dangers of this.
Common myths about transformation and the genuine reality that exists.
Strategies to ensure impactful, long-lasting transformation in the retail landscape.

Find the full show notes at www.obandco.uk/254.

Next Episode

256: Creating A New Business Model

In the dynamic world of retail, identifying fresh opportunities is pivotal to stay ahead. Bain forecast that new business models will make up a sizeable portion of the future of retail. But, there are many avenues open to you and it's critical to consider the different strategies and leverage your unique assets appropriately. Additionally, the new business model will require a tailored operational model that dovetails into the existing ways of working, and new priorities must be balanced against the core business needs. This episode unravels the intricacies of creating a new business model, so dive in with Oliver Banks to redefine what's possible for your retail organisation.

Listen to this episode to hear:

How to discover the right opportunity and how this will impact the core business.
The complexities of crafting a new operational model while maintaining synergy with the core business.
The importance of prioritising, especially when new opportunities challenge established strategic goals.

Show notes are at www.obandco.uk/256.