How Zappos Stays Ahead

Zappos, a subsidiary owned by Amazon, clearly has a unique corporate culture that has helped it to grow in popularity. Today, this online retailer offers shoes, apparel, accessories, and other consumer lifestyle products.

Here are some corporate culture examples that show Zappos’ uniqueness, as reported by Micah Solomon for Forbes:

“Tony Hsieh is sporting a Mohawk, the first I’ve encountered atop a gainfully employed billionaire. I ask the Zappos CEO, who sold out to Amazon for $1.2 billion but continues to run his operation largely without interference, how the Mohawk got there. ‘I try to do one uncomfortable thing every day.'”

“The best way to understand Zappos and its customer service is to study the chalkboard at its on-site contact center. The ‘Daily Breakdown Report’ is simpler than call analytics at traditional contact centers. It lists three categories of customer interaction, each with a Zappos “z”: Phonez; Live Chatz; Emailz. For each, someone has written the number of customer inquiries received for the day (yesterday) and average time to respond.  The volume of customer inputs is heavily skewed to phone: 7,394 calls, answered in 25 seconds on average, 1,656 chats (‘chatz’) answered in 31 seconds each, and 988 E-mails (’emailz’) answered on average in 4 hours and 15 minutes. This final statistic is troubling to Ryo Hanalei Zsun who was guide on my tour. ‘We fell down on the E-mail response. Our goal is to respond in an hour.””

“The chalkboard has a second sector of hand-drawn stats you’ll never see compiled at any other contact center — telling how many flowers, cookies, postcards, and unnamed ‘wow gifts’ have been sent to customers in the previous month and previous year.”

 
Click the image of Tony Hsieh (with his Mohawk) to read more from Solomon.


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Posted in Online Retailing, Part 5: Managing a Retail Business, Part 7: Communicating with the Customer | Tagged , , , | Leave a comment

Learn More About the Sharing Economy

With the popularity of Uber, AirBnB, and other firms, the “sharing” economy continues to take off.

Listen to this podcast to learn more:

“In the latest episode of eMarketer’s ‘Behind the Numbers’ podcast, VP of Forecasting Martin Utreras discusses the so-called sharing economy. The impact of digital platforms like Uber and Airbnb has been enormous, and likely even greater disruption is on the way. How many Americans will use sharing economy services in the future, and how large will these businesses grow to be?”

 
Click the play icon to listen to the podcast.

 

Posted in Global Retailing, Online Retailing, Part 3: Targeting Customers and Gathering Information, Part 5: Managing a Retail Business, Social Media and Retailing, Technology in Retailing | Tagged , , , , | Leave a comment

The Internet of Things in Retail: Engaging the Connected Customer

The International Institute for Analytics has published a good white paper on the Internet of Things — IoT in Retail: Engaging the Connected Customer:

“How do you make your brick-and-mortar stores as smart as your Web site – so when customers walk in the door, you recognize them and cater to their individual tastes? What’s the key to making in-store shopping as frictionless for your customer as online shopping? Read this research summary from the International Institute for Analytics to get started. You’ll learn how to use analytics to gain advanced insight from the Internet of Things: tracking chips, in-store infrared traffic monitors, interactive kiosks, and customer mobile devices, to name a few. With analytics, you’ll identify who’s walking in your store, understand their behavior and preferences, and create engaging experiences for your connected customers at every turn.”

The white paper may be accessed by the clicking the image below and entering your E-mail address.

 

Posted in Part 1: Overview/Planning, Part 2: Ownership, Strategy Mix, Online, Nontraditional, Part 5: Managing a Retail Business, Technology in Retailing | Tagged , , , | Leave a comment