A traditional retail company can apply the innovative data-driven approaches discussed in 'Your Strategy Needs a Strategy' by leveraging their existing data to make informed decisions. This could involve using point-of-sale systems to gather information about customer demographics, time of day, and other variables that could influence sales. This data can then be used to test hypotheses and adjust store variables to better accommodate their unique customer bases. Additionally, the company could use this data to identify trends and adapt quickly to changes in the market.
We live in a business world that is in constant flux. But when you learn and understand the five str...
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