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Online retail has surged from under 1% of total retail in 2019 to almost 10% today, putting South Africa solidly in the expanding phase of ecommerce maturity.
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A little patience and a lot of experimentation can help startups scale successfully, according to a study by Wharton’s Ronnie Lee and Danny Kim.
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South African retail has undergone profound transformation over the past few years, with digital platforms and ecommerce reshaping consumer expectations.
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And what percentage of your day do your spend strategically? What balance would take you to the next level?
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Too often entrepreneurs suffer from ailments of drinking too much of their own marketing kool-aid.
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The capabilities a digital platform develops through strategy and commitment will determine its success or failure.
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CEOs make a lot more money, have a lot more autonomy and enjoy a lot more control, than the people working for them. The danger is that they can develop incredible blind spots.
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Now, more than ever, we need to be listening for market signals and ensuring that our businesses are primed to both take advantage of opportunities and to mitigate risks.
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Find a potential customer.
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In traditional strategic thinking, beating the competition, by finding an attractive position in an attractive industry, is the name of the game.
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