A “virtuous cycle” of self-reinforcing benefits will permit certain companies to redefine-and control-the retail industry. Even so, retailers still have enough time to build cross-border positions and local-market defenses.
Editor’s Note: This article will be of most interest to those in or interested in the retail industry, but some of the discussion has broader value, especially the introduction and use of the strategic-control map tool. … [ Read more ]
Content: Article | Authors: Christiana Smith Shi, Denise Incandela, Kathleen L. McLaughlin | Source: McKinsey Quarterly | Subjects: Industry Specific, Strategy