The retail sector in India is about to see a boom and with
this boom comes challenges of competition. Marketing & brand building play
a very big role in the retail sector, by the way the store is considered to be
the biggest touch point and influencer in the buying decision. Below I’ve tried
to capture the various factors that influence brand experience in the store.
Brand Experience at the store
Let us focus on People. This includes the sales people at the
store and the store manager. A very interesting topic within this is the
strategy that brands adopt to select people at their stores that add to their
brand value & ultimately to a brand experience. A recent article in talks
about how premium brands lay emphasis on getting the right person at the store (http://articles.timesofindia.indiatimes.com/2011-09-15/india-business/30159525_1_luxury-brands-mumbai-s-palladium-mall-ermenegildo-zegna).
Another article that came out a while back talks about stores trying to
identify ‘cool staff’ that can position their brands (http://articles.economictimes.indiatimes.com/2010-04-21/news/28455608_1_reliance-brands-premium-brands-darshan-mehta).
The question here is how this process of identification can
be made more consistent. Can there be an objective process that can help
determine drives necessary for these roles? The buck doesn’t stop only at
selection. When it comes to luxury brands, do retail store people have the
selling skills to handle high net worth individuals. When it comes to other
brands, the Store Manager is a critical role that helps manage store
operations. Does the organization have a process in place to hire the right
store managers. These are some questions
that help organizations to align their talent strategy to their brand strategy.
Predictive
Index offers a science based approach to do the above. Some of the successful
drives identified by PI for retail store managers are
·
Ability to connect quickly with people
·
Collaborative, persuasive communication style
·
Attentive to details and structured approach to
work
One such study done for store representatives has helped
benchmark the drives needed for high performers and low performers. http://www.piworldwide.com/Research-Insights/Performance-Snapshots/2003/Retail-InStore-Sales-Rep.aspx
A structured process will help retail companies in talent
management.