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Need help with this for my proposal down below: Here is a sample format structure: The specific business problem is ________________ (who, what, where) resulting

Need help with this for my proposal down below:

Here is a sample format structure:

The specific business problem is ________________ (who, what, where) resulting in _______________ (the adversity, the harm created by the specific problem) (CITE A CURRENT SOURCE). Follow with a few supporting cited statements

regarding the specific problem; including statistics is always good to expose the degree of the problem; how bad and big the problem is (%, ratio, $ in cost).

Clearly and explicitly state the gap in practice. The gap in practice is _______________ (Cite a current source).

A practice should be focused on the practitioner

Harvard Business Review Article Proposal

This article will discuss how retail executives can navigate the complicated digital ecosystem successfully and highlight the opportunities and challenges of digital transformation. To be successful in digital transformation in the retail business, leaders must embrace a customer-centric approach to innovation. The primary takeaway from this piece is that retail leaders must first innovate their business models and integrate scientific data, company case studies, and business reports to implement a digital transformation successfully[CP1]. Leaders' responses to digital transformation have increased productivity, revenue, and customer experience. It acknowledges executives' digital transition challenges. Digital transformation will force retailers to prioritize customer needs and expectations. Businesses must improve the customer experience and create innovative products and services to give customers personalized experiences. Retailers must adapt to digital transformation to stay competitive. However, it is challenging to develop new skills and capacities, identify areas where employees need more skills, and manage change.[CP2]Leaders must communicate the vision, manage stakeholder expectations, and foster creativity and experimentation to manage change. Leaders must overcome obstacles to manage the transition. Finally, the article will employ effective leadership strategies. For retailers to remain competitive in today's marketplace, managers must understand the importance of effective leadership in driving digital transformation initiativesmanagers who fail to adapt to the changing business environment risk being left behind.

This article gives managers practical advice on successfully navigating digital transformation initiatives in their organizations. It emphasizes the importance of effective leadership. The article will expand on the idea that retail leaders should develop creative business models that use digital technologies to gain a competitive advantage before implementing digital transformation. The idea is essential, valuable, unique, or counterintuitive. Many executives may believe embracing digital technology is necessary to achieve digital transformation, but this proposition needs to be clarified. For retail executives looking to develop a competitive edge in a digital environment, this article will provide practical insights on best practices in digital transformation. This article provides examples of best practices for digital transformation.

Retail managers who want to steer their organizations through digital transformation successfully should read this article since it explains how and why they should apply what they learn. This article provides actionable guidance on implementing business model innovation, incorporating scientific information, business reports, company examples, and effective leadership strategies to achieve digital transformation.

This article is a credible source of information based on past research on digital transformation in retail, business model innovation, and leadership. It relies on academic literature and practitioner sources to provide leaders with evidence-based advice. The article will include a literature synthesis that will validate the purpose and authority of the topic that, includes the following: AlNuaimi et al. (2022) explored the nexus between leadership, agility, and digital strategy, a vital element for complete control over digital transformation. Dutta and Sandhane (2022) examined the impact of digital transformation on the retail industry in their study. The authors emphasized the need for organizations to adapt to the digital revolution. Henderikx and Stoffers (2022) intended to conduct a literature review on digital transformation and leadership, mainly aimed at future-proof middle managers. Ivani et al. (2019) outlined the best business practices, and valuable lessons learned that can be applied to master the digital transformation process. Leclerc et al. (2020) explored how high-performance work practices, cooperative differences, and organizational commitment are related. Increasing competitiveness, innovation, and flexibility depends on this relationship. In his research, Matsunaga (2021) evaluated communication and uncertainty management within digital transformation, with transformational leadership as a moderator. Within high-performance work systems, Weller et al. (2020) investigated the relationship between transformative leadership, customer satisfaction, and consensus within the context of high-performance work systems. Scholars have studied different aspects of digital transformation and identified the need to solve the business problem and how to address the gap in practice. [CP3]This academic expertise is essential; however, I will also share their professional experience working with retail organizations for over 20 years and how digital transformation has changed the retail business.

This article is significant to Harvard Business review publishing because digital transformation has dramatically impacted the retail industry. Industry leaders must adapt their strategies to stay competitive in the face of this disruption if they are to remain competitive. Even though digital transformation can lead to favorable outcomes, there are also barriers that leaders have to overcome in order for them to manage the transition successfully.

References

  • AlNuaimi, B. K., Kumar Singh, S., Ren, S., Budhwar, P., & Vorobyev, D. (2022). Mastering digital[CP1] transformation: The nexus between leadership, agility, and digital strategy.Journal of Business Research,pp. 145, 636-648.https://doi.org/10.1016/j.jbusres.2022.03.038
  • Dutta, S., & Sandhane, R. (2022). Digital transformation in Retail Industry.Cardiometry,(24), 859-866. https://doi.org/10.18137/cardiometry.2022.24.859866
  • Gurbaxani, V., & Dunkle, D. (2019). Gearing up for successful digital transformation.MIS Q. Executive,18(3), 6.
  • Henderikx, M., & Stoffers, J. (2022). An Exploratory Literature Study into Digital Transformation and Leadership: Toward Future-Proof Middle Managers.Sustainability,14(2), 687. https://doi.org/10.3390/su14020687
  • Insider Intelligence. (2022). Worldwide e-commerce sales are projected to top $7 trillion in 2025. Insider Intelligence. Retrieved March 23, 2023, from https://www.insiderintelligence.com/insights/worldwide-ecommerce-sales-to-top-7-trillion/
  • Ivani, L.,Vuki, V. Bosilj, &Spremi, M.(2019).Mastering the Digital Transformation Process: Business Practices and Lessons Learned.Technology Innovation Management Review, 9(2): 36-50. http://doi.org/10.22215/timreview/1217
  • Jenneboer, L., Hernando, C., & Constantinides, E. (2022). The Impact of Chatbots on Customer Loyalty: A Systematic Literature Review.Journal of Theoretical and Applied Electronic Commerce Research,17(1), 212-229. https://doi.org/10.3390/jtaer17010011
  • Leclerc, A., Guihur, I., & Marcoux, G. (2020). Co-operative Difference and Organizational Commitment: The Role of High-performance Work Practices.Management Review: An International Journal,15(2), 4-52. http://library.capella.edu/login?qurl=https%3A%2F%2Fwww.proquest.com%2Fscholarly-journals%2Fco-operative-difference-oganizational-commitment%2Fdocview%2F2479482100%2Fse-2%3Faccountid%3D27965
  • Matsunaga, M. (2021). Testing the theory of communication and uncertainty management in the context of digital transformation with transformational leadership as a moderator.International Journal of Business Communication (Thousand Oaks, Calif.), 232948842110239.https://doi.org/10.1177/23294884211023966
  • Morgan, B. (2022). Fifty stats that prove the value of customer experience. Forbes. Retrieved from https://www.forbes.com/sites/blakemorgan/2019/09/24/50-stats-that-prove-the-value-of-customer-experience/?sh=3d5249e04ef2
  • Perwej, Y., Abbas, S. Q., Dixit, J. P., Akhtar, N., & Jaiswal, A. K. (2021). A systematic literature review on cyber security.International Journal of scientific research and management,9(12), 669-710.
  • Weller, I., S, J., Evanschitzky, H., & von Wangenheim, F. (2020). Transformational Leadership, High-Performance Work System Consensus, and Customer Satisfaction.Journal of Management,46(8), 1469-1497. https://doi-org.library.capella.edu/10.1177/0149206318817605

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