250: Becoming Fit For The Future

In an era marked by unprecedented change, retailers, consumer-facing businesses and brands find themselves navigating unfamiliar terrain, facing new competitors, and redefining relationships with customers. Additionally, the competitive business and retail landscape is filled with contradictions and uncertainty. So how can companies adapt and stay “future fit” amidst these complexities? Join Oliver Banks in this episode as we demystify the idea of being “fit for the future” and learn how to navigate and thrive in this intricate environment.

Listen to this podcast episode to hear:

• The 5 elements of becoming fit for the future.
• Why we need to rethink the element of uniqueness.
• How to re-engineer how your business works, based on 5 critical aspects, including the customer proposition, business model and operating model.

 

Navigate disruption with Oliver Banks

Oliver and OB&Co help retailers accelerate their transformation initiatives whilst successfully navigating disruption. Discover how together, you can drive your retail transformation forward.

Connect with and message Oliver Banks on LinkedIn or by email at oliver.banks@obandco.uk.

Additional podcast episodes to listen to next

Wondering what episode to listen to next? Here are Oliver’s suggested episodes to dive deeper into the topics from today. Explore more about how you can harness the power of likelihood in the face of uncertainty in episode 226: Knowing What’s Likely To Happen.

In episode 235, Oliver caught up with EY’s Trevellyan Collier to discuss Profit Warnings And Transformation in the retail industry. In particular, you might enjoy the naval analogies about shifting from turning the tanker to guiding a flotilla of small ships.

Agile (the methodology) has been a major trend and many of the principles also contribute to becoming agile (in terms of flexibility and adaptability). Agile coach and trainer, Laurens Bonemma joined Oliver for episode 116: Understanding Agile.

Agile is “common sense with an uncommon level of discipline” – Laurens Bonemma

There are plenty of other episodes to check out too.

Episode 145: Overcoming Retail’s Big Contradictions where Oliver teaches you to identify contraditions and how to approach them.

Episode 171: Letting Avatars Guide Your Transformation with Howard Tiersky, exploring how you can create your ideal customer and empower your organisation.

And finally, in episode 239: Laying The Foundations To Transform, retail consultant Brandon Rael joined Oliver to explore how you can get the foundations in place now for the next stage of transformation.