How Local Businesses Can Compete with Larger Rivals
HBR On Strategy28 Helmi 2024

How Local Businesses Can Compete with Larger Rivals

In 2020, Kwame Spearman left his consulting job in New York City to take over an iconic independent bookstore, the Tattered Cover Book Store in Denver, Colorado—his hometown. Spearman saw an opportunity to reinvent the local business to build a community space after the pandemic. But to keep the store successful, he had figure out how to compete with online retailers and big box stores, amid technological change and shifting business models. In this episode, Harvard Business School associate professor Ryan Raffaelli explain how to set sustainable wages for employees and why community engagement is a key part of the store’s strategy for growth.

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Jaksot(117)

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Stress Test Your Strategy Before It Fails

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Rethink Your Pricing Strategies Amid Economic Uncertainty

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AMD’s Lisa Su on Experimenting with AI

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A Lesson on Balancing Scaling with Stability

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In late 2013, Ryan Cohen, cofounder and then-CEO of online pet products retailer Chewy.com, was facing a decision that could determine his company’s future. Should he stay with a third-party logistics...

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