Content Summary
This article is part of our Retail Reloaded series. The series offers a new vision for retail businesses through an evolved use of technology, cutting-edge innovation and digitalization practices.
Position your organization for success by developing new capabilities, new skills, and, importantly, a new vision for this new normal. There are three core actions where technology can help retailers not only survive this crisis but emerge as winners. SAVE, ACCELERATE, and SHARE.
In this article, as part of the SAVE strategy, we explore how the most innovative companies identify winning ideas, projects and products to work on, whilst conserving cash and time. We will guide you through the process of testing and validation of ideas, what a desired output of an experiment should be, how to create value for your stakeholders, how to determine the price for your products and services, as well as how to we make decisions about where to invest next.