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Strategy + Efficiency

The grave sin of omission

December 2, 2016

Imagine that two people died in their sleep last night while in hospital. One patient died because his nurse didn’t inject him with his life-supporting medication. The other one passed away because his nurse injected him with the wrong drug.

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Perspective + Business

Why retailers need two budget deficits

October 26, 2016

In his song Trouble Man, Marvin Gaye sings about taxes, death, and trouble. Today, the chorus of media commentators, politicians, economists and the Reserve Bank sing a similar tune – one about interest rates, sluggish economic growth, and the deficit.

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Perspective + Business

Coles relaunching BI-LO?

September 27, 2016

In August 2016, The Age published an article outlining yet another twist in Coles’ strategy.  The intention, this time, is to reduce the supermarket’s product range by 15%, to “drive the efficiency of the business to fund grocery price cuts and safeguard its market share.

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Business

The elusive root of success

September 15, 2016

Many years ago I decided to undertake a small Artificial Intelligence project – a program to predict TattsLotto numbers.

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Strategy + Business

True leadership is not politically correct

August 17, 2016

Have you noticed that struggling retail businesses tend to change their senior executives frequently? Undoubtedly, every new appointment is made with the hope of finding a leader capable of turning the ship around.

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Perspective + Business

The forgotten people of the election

July 1, 2016

Despite the retail industry’s significant contribution to the Australian economy and its dire need for relief from misguided policy, it is constantly ignored by all sides of politics.

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Perspective + Technology

Retail IT: beyond insanity

June 23, 2016

Pressure can make people, and retailers, do strange things. Take for example Walmart in the US. This immensely successful retail giant was feeling some heat from competitors in the online side of the retail market last year.

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Perspective + Business

Dire fate of the independents

June 7, 2016

On 31 May 2016, The Australian Financial Review wrote about Aldi’s rapid expansion in Australia. Aldi is now the most profitable supermarket retailer in Australia, with EBIT at 6% against 4.6% reported by Coles, and 5.4 reported by Woolworths.

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Perspective + Business

Low interest rates & structural sclerosis

May 3, 2016

Most of us have an interest in interest rates, one way or the other. For example, the current record low rates, negative in some countries, mean that those with mortgages and other loans rejoice while those who live off their investments don’t fare as well.

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Strategy + Efficiency

Retailers: check your sources

April 15, 2016

When I studied engineering, one of the most embarrassing mistakes an aspiring engineer could make was to derive a dimension from the wrong ‘base’.

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