What other retailers have been reluctant to concede: E-commerce isn’t as profitable as brick-and-mortar stores. #retail #leadership

Posted on Posted in ecommerce, Economy, insights, Leadership, Retail, Trends, Unified Commerce

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Michael Kors just admitted what other retailers have been reluctant to concede: E-commerce isn’t as profitable as brick-and-mortar stores.

Source Bloomberg Gadfly: Michael Kors and E-Commerce Reality

Digital Transformation Requires Total Organizational Commitment #Retail #Disruption #digital #leadership

Posted on Posted in Innovation, insights, Leadership, Predictions, Retail, Trends

Wherever you turn, businesses are facing tremendous disruptive pressure. What’s interesting is that the theory about how firms should be dealing with this..

Source TechCrunch: Digital Transformation Requires Total Organizational Commitment

So now you call it Unified Commerce… #retail #trend #ItsMarketing

Posted on Posted in Innovation, Leadership, Marketing, Retail, Trends

Unified Commerce  to me appears to be when one uses an OMS as it should be used, as the single source of the truth. The truth for customer, product, inventory, pricing & promotion, tax, auth transactions, and shipping. In this case, existing enterprise systems are integrated in to the OMS using an enterprise bus like IBM Integration Bus (IIB) that does the enterprise systems to OMS data translations.

I guess now, one would say the ideal of  “OmniChannel” is using chewing gun and duct tape to integrate disparate systems, so in that case there may as well be more than one source of the truth.

However, it’s all marketing spin, as the practitioners I know and worked with implementing globally distributed OMS/EOM systems will think the former was always the way…and would have called it OmniChannel.

Why Big Companies Keep Failing: The Stack Fallacy #innovation #disruption #retail #leadership by @anshublog

Posted on Posted in Innovation, insights, Leadership, Trends

This is a great read and thought on how empathy needs to be an foundational part of any successful advance in to new products areas, which are enabled by your current core offering. Stack fallacy has caused many companies to attempt to capture new markets and fail spectacularly. When you see a database company thinking apps are easy, that’s Stack fallacy…

Read More: Why Big Companies Keep Failing: The Stack Fallacy

Thought provoking piece on redefining “work” as we enter what is being called the 4th Industrial Revolution. #AI #economy #jobs #trends

Posted on Posted in Artificial intelligence, Economy, Innovation, insights, Leadership, Predictions, Trends

This is a great thought provoking piece on rethinking what “work” is as we enter what is being called the Fourth Industrial Revolution, where we are approaching a point period where you will theoretically be able to do everything with nothing [Ephemeralization].

Read More: Fourth Industrial Revolution