I came across this video during the International Retailing class. It is simple but still so innovative.
Tesco was facing fierce competition on the South Korean grocery market, especially from Emart. After doing some research on the purchase behaviour of South Korean people, Tesco introduced a business model which could allow them to increase sales without increasing their number of stores.
Tesco found out that Koreans are one of the hardest working people in the world and therefore grocery shopping is big effort for them. Furthermore Koreans are mobile phone affine people.
Tesco combined all given factors together and launched a matching business model for time sensitive hard working korean people.
This kind of business model opens several other industries new doors for marketing approaches.
Would that kind of marketing/sales be successful somewhere else in the world ? What do you guys think ?
Tesco was facing fierce competition on the South Korean grocery market, especially from Emart. After doing some research on the purchase behaviour of South Korean people, Tesco introduced a business model which could allow them to increase sales without increasing their number of stores.
Tesco found out that Koreans are one of the hardest working people in the world and therefore grocery shopping is big effort for them. Furthermore Koreans are mobile phone affine people.
Tesco combined all given factors together and launched a matching business model for time sensitive hard working korean people.
This kind of business model opens several other industries new doors for marketing approaches.
Would that kind of marketing/sales be successful somewhere else in the world ? What do you guys think ?