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Retail & E-commerce Blog Topics
Is a Franchise Business Profitable?
Today’s business environment is marked by fierce competition, advanced digital technologies, changing demographics and complex market segments, to name a few. In order to survive and grow in this environment, business enterprises cannot afford to be content with the...
Process Audit – Scorecard For Your Organization’s Health
According to International Organization for Standardization (ISO), a process is a set of interrelated or interacting activities that use inputs to deliver an intended result. These inputs and outputs may be tangible (materials, components or equipment etc) or...
6 Ways To Grow Your Business
In today’s business environment, growth is the best way to survive. Growth cannot be measured if there are no parameters to define it. The basic determinants of growth revolve around the same factors ( sales, revenue, markets, customers etc. ) irrespective of the size...
Achieving Double Digit Growth in Retail
According to IMF World Economic Outlook (Oct 2016), India is the fourth fastest growing country with its GDP projected to accelerate at 7.6% (2016) (1) and pegged at an estimated value of INR 121.65 lakh crores (2). The quickly evolving retail industry in India...
Mystery Shopping – An Highly Ignored Audit Tool !!!
What Is Mystery Shopping? People are most honest when they know they are not being observed or tested. Mystery shopping is a method of experiencing customers’ experience from customers’ perspective. In mystery shopping, this experience is staged but without the...
Impact of Demonetization on Retail
On 8th November, 2016, government announced the demonetization move in a surprising fashion invalidating the existing currency denominations of Rs.500 and Rs.1000. The decision came as a surprise for the general public as more than 80% of the currencies in circulation...
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