By: Creedence Clearwater RevivalCreedence Clearwater Revival By: Riley Stout.
Ian Jindal: Presentation to Clearwater Corporate Finance's breakfast briefing.
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Transcript of Ian Jindal: Presentation to Clearwater Corporate Finance's breakfast briefing.
“What makes a successful online business”
Clearwater Corporate Finance - breakfast seminar: September 2008
www.ianjindal.com
Today
• Retail context
• Sustainable competitive position
• Cross-channel
• Service
• Then get complex
Today
Donuts: there’s no “middle” in ecommerce
• 40% up at £13bn
• 65% online, of which 90% on broadband
• Rising tide floats all boats?
• 99% pregnant?
• Christmas day sales - 4.4m customers online.
3 sustainable competitive positions..
3 sustainable competitive positions..
• Customer– segment
– needs
– access
• Product– exclusivity
– access
– knowledge
• Operations– efficiency
– effectiveness
– service
Customer
Product
Operations
Reassessing Retail
Reassessing Retail
• “Retaillier” - Slice & Dice, focus on customer - tailor-made.
• Heart of retail is– close to customer
– responsive
– service
• New brands - based on what you DO not what you say.
• Price & product: make old retailers into wholesalers
Cross-channel experience
Service
Not covered... so much - but build on a focused foundation of service
Commercial Challenges
• Ruthless customer and/or price focus
• Action, not just words: say what you do, do what you say, repeat.
• Think ‘retail’!
• Then guild the lilly.
Commercial Challenges
Thank you.
www.ianjindal.com